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Magellanic Cloud Ltd			Industry : Computers - Software - Medium / Small


BSE Code:	538891	NSE Symbol:	MCLOUD	P/E(TTM):	214.86

ISIN Demat:	INE613C01026	Div & Yield %:	0.05	EPS(TTM):	0.29

Book Value(Rs):	4.2509897	Market Cap ( Cr.):	3670.48	Face Value(Rs):	2

Change Company

<dhhead>BOARD’S REPORT </dhhead>

To,

The Members,

MAGELLANIC CLOUD LIMITED CIN: L72100TG1981PLC169991

Your Directors have pleasure in presenting their 44th Annual Report along with the summary of standalone and consolidated financial statements for the financial year ended as on March 31, 2025 of Magellanic Cloud Limited (“the Company” or "Mcloud").

FINANCIAL RESULTS

The summarized financial performance of the Company for the FY 2024-25 and FY 2023-24 are given below:

[Amount in lakhs]

Particulars	Standalone		Consolidated
	2024-25	2023-24	2024-25	2023-24
Revenue from operations	8,150.46	7,455.57	59,723.60	56,042.86
Other Income	325.86	2,78.49	418.69	1,743.19
Total Revenue	8,476.32	7,734.06	60,142.30	57,786.05
Total Expenses	6,563.12	5,372.08	45,870.17	43,737.93
Profit/(Loss) before exceptional and extraordinary items and tax	1,913.20	2,361.98	14,272.13	14,048.12
Exceptional Items	-	-	-	-
Extraordinary Items	-	-	-	-
Net Profit Before Tax	1,913.20	2,361.98	14,272.13	14,048.12
Provision for Tax
- Current Tax	497.18	521.63	4,249.15	3,481.83
- Deferred Tax (Liability)/Assets	(19.14)	17.62	(347.59)	4,223.88
- Excess/(short) provision for earlier	71.62		97.53	54.14
Net Profit After Tax	1,363.54	1,822.72	10,273.04	10,288.27
Profit/(Loss) from Discontinued operations	-	-	-	-
Tax Expense of Discontinued operations	-	-	-	-
Profit/(Loss) from Discontinued operations (after tax)	-	-	-	-
Profit/(Loss) for the period	1,363.54	1,822.72	10,273.04	10,288.27
Other Comprehensive Income	-	-	-	-
-Items that will not be reclassified to profit or loss	(17.35)	47.25	15.47	232.41
-Reversal of deferred tax created in previous year on Revaluation of Intangible Asset	-	-	529.59	-
-Income tax relating to items that will not be reclassified to profit or loss	4.37	(11.89)	151.763	383.97
-Exchange differences in translating the financial statements of foreign operations			602.95	109.92
-Income tax relating to items that will be reclassified to profit or loss	-	-	-	-
Total Comprehensive income for the period (Comprising Profit (Loss) and Other Comprehensive Income for the period)	1,350.56	1,858.07	11,269.30	11,014.56
Earnings per equity share (for continuing operation):
-Basic (In')	0.23	0.31	1.76	1.76
-Diluted (In')	0.23	0.31	1.76	1.76

Notes:

The above figures are extracted from the audited standalone and consolidated financial statements of the Company as per the Indian Accounting Standards (Ind AS).

REVIEW OF OPERATIONS:

Standalone:

During the year under review, the Standalone total Income was INR 8,476.32 lakhs as against INR 7,734.06 lakhs for the corresponding previous year.

Total Comprehensive income for the period was INR 1,350.56 lakhs as against INR 1,858.07 lakhs

in the corresponding previous year.

Consolidated:

During the year under review, the consolidated total Income was INR 60,142.30 lakhs as against INR 57,786.05 lakhs for the corresponding previous year.

Total Comprehensive consolidated income for the period was INR 11,269.30 lakhs as against Net

INR 11014.56 lakhs in the corresponding previous year

TRANSFER TO RESERVES:

Details of transfer made to General Reserves are provided in Notes to accounts forming part of the financial statements.

DIVIDEND:

The Board of Directors have recommended a Dividend of Re. 0.03/- (Paise Three only) per share on face value of INR 2/- each i.e., (1.5%) for the Financial Year ended March 31, 2025.

STATE OF THE COMPANY’S AFFAIRS AND FUTURE OUTLOOK

The Company did not undergo any change in the nature of its business during fiscal year 2024-25.

SHARE CAPITAL

As on 31st March, 2025, the Authorized share capital of the Company is Rs. 200,00,00,000/- (Indian Rupees Two Hundred Crores only) divided into 100,00,00,000 (One Hundred Crores) Equity Shares of Rs 2/- (Rupees Two only) each; and Issued, Subscribed and Paid-up share capital of the Company is Rs. 116,87,90,240/- (Indian Rupees One Hundred Sixteen Crores Eighty Seven Lakhs Ninety Thousand and Two Hundred Forty only) divided into 58,43,95,120 (Fifty Eight Crores Forty Three Lakhs Ninety Five Thousand and One Hundred Twenty) equity shares of Rs. 2/- (Rupees Two only) each. The Company has only one class of equity shares having at par value of Rs. 2/- per share. Each holder of equity shares is entitled to one vote per share.

DIRECTORS AND KEY MANAGERIAL PERSONNEL (KMP)

Retire by Rotation

In accordance with section 152(6) of the Companies Act, 2013 and in terms of Articles of Association of the Company Mr. Joseph Sudheer Reddy Thumma (07033919),

Managing Director of the Company, retires by rotation and being eligible; offers himself for re-appointment at the forthcoming 44th Annual General Meeting.

The Board recommends the said reappointment for shareholders' approval. Inductions / Appointment or Re-appointment of Director / KMP:

1- Based on the recommendation of the Nomination and Remuneration Committee and approval of the same by the Board and the members of the Company,

Mr. Joseph Sudheer Reddy Thumma (DIN: 07033919), Managing Director designated as a Global CEO was re-appointed for another term of five years with effect from June

10, 2024 to June 09, 2029, in the 43rd Annual

General Meeting held on July 15th, 2024.

2- Based on the recommendation of the Nomination and Remuneration Committee and approval of the same by the Board and the members of the Company, Mr. Elisha Thatisetty (DIN: 08531842), Independent Director was re-appointed for a second term of five years with effect from July 14, 2024 to July 13, 2029, in the 43rd Annual General Meeting held on July 15th, 2024.

Further, Pursuant to Section 203 of the Companies Act, 2013, the Key Managerial Personnel of the Company are:

SR. No. Name of KMP	Designation
1. Mr. Jagan Mohan Reddy Thumma	Managing Director
2. Mr. Joseph Sudheer Reddy Thumma	Managing Director designated as Global CEO
3. Mr. Sanjay Mahendra Chauhan	Chief Financial Officer
4. Mr. Sameer Lalwani	Company Secretary and Compliance Officer

DISCLOSURES BY THE DIRECTORS

All the directors of the Company have confirmed that they satisfy the fit and proper criteria as prescribed under the applicable regulations and that they are not disqualified from being appointed as directors in terms of Section 164(2) of the Companies Act, 2013.

DECLARATION BY INDEPENDENT DIRECTORS

The Independent Director(s) have submitted their disclosure to the Board that they fulfill all the requirements as to qualify for their appointment as Independent Director, under the provisions of section 149(6) of the Companies Act, 2013 as well as Regulation 25(8) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

BOARD EVALUATION

Pursuant to the provisions of the Companies Act, 2013 and the Listing Agreement / Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has carried out an annual performance evaluation of all its directors, the committees, the Chairman of the Board, and the Board as a whole. , The evaluation was conducted based on the criteria and framework adopted by the Board.

This evaluation process was completed during fiscal year 2025. The evaluation parameters and process have been detailed in the Corporate Governance Report, which forms part of this Integrated Annual Report.

FAMILIARIZATION PROGRAM FOR INDEPENDENT DIRECTORS

All new independent directors inducted into the Board attend an orientation program. The details of the training and familiarization program are provided in the Corporate governance report. Further, at the time of the appointment of an independent director, the Company issues a formal letter of appointment outlining his / her role, function, duties and responsibilities. The format of the letter of appointment is available on our website, at www.magellanic-cloud.com.

DIRECTORS’ RESPONSIBILITY STATEMENT

The financial statements are prepared in accordance with the Indian Accounting Standards (Ind AS) under the historical cost convention on accrual basis except for certain financial instruments, which are measured at fair values, and defined benefit liability/(asset) which is recognized at the present value of defined benefit obligation less fair value of plan assets, the provisions of the Act and guidelines issued by SEBI. The Ind AS are prescribed under Section 133 of the Act, read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules issued thereafter. Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use.

Pursuant to Section 134(3) (c) & 134 (5) of the Companies Act, 2013, the Board of Directors of the Company hereby confirm that:

(a) in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to 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 at the end of the financial year and of the profit and loss of the company for that period;

(c) the directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

(d) the directors have prepared the annual accounts on a going concern basis; and

(e) the directors have laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively.

(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.

NUMBER OF BOARD MEETINGS

A calendar of meetings is prepared and circulated in advance to the Directors. During the year, 10 (Ten) Board Meetings were convened and held, the details of which are given in the Corporate

The intervening gap between the meetings was within the period prescribed under the Companies Act, 2013 and the SEBI (LODR) Regulations, 2015.

Further, Committees of the Board usually meet on the same day of formal Board Meeting, or whenever the need arises for transacting business. The recommendations of the Committees are placed before the Board for necessary approval and noting.

SECRETARIAL STANDARDS

The Company complies with all applicable secretarial standards issued by the Institute of Company Secretaries of India.

BUSINESS RESPONSIBILTY AND SUSTAINABILITY REPORT (BRSR)

The Business Responsibility and Sustainability Report (BRSR) follows the National Guidelines on Responsible Business Conduct (NGRBC) principles on the social, environmental and economic responsibilities of business.

Our BRSR includes our responses to questions about our practices and performance on key principles defined by Regulation 34(2)(f) of the Listing Regulations as amended from time to time, which cover topics across all ESG dimensions. The BRSR is attached and is a part of this Annual Report as set out in Annexure XI of this report and is also available on Company's website at www.magellanic-cloud.com

COMPOSITION OF AUDIT COMMITTEE

Your Company has formed an Audit Committee as per the Companies Act, and the Listing Agreement / SEBI (LODR) Regulations, 2015.

All members of the Audit Committee possess strong knowledge of accounting and financial management.

Further, the Audit Committee is functional as per the provision of Section 177 of Companies Act, 2013 and Rules made thereunder and as per Regulation 18 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

COMPOSITION OF NOMINATION & REMUNERATION COMMITTEE

Your Company has formed a Nomination & Remuneration Committee to lay down norms for the determination of remuneration of the executive as well as non-executive directors and executives at all levels of the Company.

The other details of the Nomination & Remuneration Committee are given in the Corporate Governance Report, appearing as a separate section in this Annual Report.

NOMINATION AND REMUNERATION POLICY

The current policy is to have an appropriate mix of executive, non-executive and independent directors to maintain the independence of the Board and separate its functions of governance and management. As of March 31, 2025, the Board had six members, consisting of an executive director, a non-executive and nonindependent director and three independent directors. One of the independent directors of the Board is a woman. The details of Board and committee composition, tenure of directors, areas of expertise and other details are available in the Corporate Governance section that forms part of this Integrated Annual Report.

The policy of the Company on directors' appointment and remuneration, including the criteria for determining qualifications, positive attributes, independence of a director and other matters, as required under sub-section (3) of Section 178 of the Act, is available on our website, at www.magellanic-cloud.com.

We affirm that the remuneration paid to the directors is as per the terms laid out in the Nomination and Remuneration Policy of the Company. The Nomination and Remuneration Policy is attached and is a part of this Annual Report as set out in Annexure I of this report

COMPOSITION OF STAKEHOLDERS RELATIONSHIP COMMITTEE

Your Board has constituted a Stakeholders Relationship Committee to specifically look into the mechanism of redressal of grievances of shareholders etc. The Committee reviews Shareholder's / Investor's complaints like non-receipt of Annual Report, physical transfer/ transmission/transposition, split/ consolidation of share certificates, issue of duplicate share certificates, etc. This Committee is also empowered to consider and resolve the grievance of other stakeholders of the Company including security holders.

The other details of the Stakeholders Relationship Committee are given in the Corporate Governance Report, appearing as a separate section in this Annual Report.

PARTICULARS OF EMPLOYEES

The information required pursuant to Section 197 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2016 in respect of employees of the Company, is enclosed as Annexure II and forms part of this Report.

Further, the names of the top ten employees in terms of remuneration drawn are disclosed in Annexure III and forms part of this Report.

ANNUAL RETURN

In accordance with the Act, the annual return in the prescribed format is available on the Company's website at www.magellanic-cloud.com.

DETAILS OF SUBSIDIARY/ JOINT VENTURES/ASSOCIATE COMPANIES

The Statement AOC-1 pursuant to the provisions of Section 129 (3) of the Companies Act, 2013 read with Rule 5 of the Companies (Accounts)

Rules, 2014 regarding Subsidiary Company is enclosed as Annexure IV to this Report.

MANAGEMENT’S DISCUSSION AND ANALYSIS

In terms of the provisions of Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Listing Regulations”) as amended from time to time, the Management's discussion and analysis is set out in this Integrated Annual Report as Annexure V.

STATUTORY AUDITOR AND AUDITOR REPORT

M/s. Bhuta Shah & Co. LLP., Chartered Accountants, Mumbai [Firm Regn. No. 101474W/W100100] tendered their resignation to discontinue as the Statutory Auditor of the Company for the remaining term of their period. Hence, in order to fill up the casual vacancy, the Board has appointed M/s SGCO & Co. LLP, Chartered Accountants (FRN:112081W/W100184) in the Board Meeting convened on 12th September 2024. The office of M/s SGCO & Co. LLP., Chartered Accountants, Mumbai are to be confirmed by the members in the ensuing Annual General Meeting, Further, their appointment shall be for the tenure of 05 (Five) years, subject to the approval of members in the ensuing Annual General Meeting. As required under Section 139 of the Companies Act, 2013, the Company has received a written consent from M/s SGCO & Co. LLP., Chartered Accountants, Mumbai, for such appointment and also a certificate

to the effect that their appointment, if made, would be in accordance with Section 139(1) of the Companies Act, 2013 and the rules made thereunder. The Notes on financial statement referred in the Auditors' Report are selfexplanatory and do not call for any further comments. The Auditor's report does not contain any qualifications, reservation or adverse remark.

SECRETARIAL AUDITOR

In terms of Section 204 of the Companies Act, 2013 and Rules made there under, Mr. Deep Shukla, Practicing Company Secretary, have been appointed Secretarial Auditor of the Company. The Secretarial Audit Report pertaining to the Company and its material subsidiaries are enclosed as Annexure VI to this report.

COST RECORDS AND COST AUDIT

Maintenance of cost records and requirement of cost audit as prescribed under the provisions of Section 148(1) of the Act are not applicable for the business activities carried out by the Company.

EXPLANATION(S)/ COMMENT(S) PURSUANT TO SECTION 134(3)(f)(i)&

(ii), IF ANY, OF THE COMPANIES ACT, 2013:

Explanation pursuant to Section 134(3)(f)(i):

There are no adverse remarks/qualifications made in Statutory Report issued by Statutory Auditor of the Company.

ANNUAL SECRETARIAL COMPLIANCE REPORT

M/s Deep Shukla & Associates, Practicing Company Secretaries, have been appointed to give the Annual Secretarial Compliance Certificate. The Annual Compliance Certificate is enclosed as Annexure VII to this report.

principles generally accepted in India, including the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

RISK MANAGEMENT POLICY

The Company has come under the cap of top 1000 companies based on Market Capitalization; the Company has formulated Risk Management Committee pursuant to Regulation 21 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Further the company has also obtained Directors and Officers Insurance pursuant to Regulation 25(10) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

DIVIDEND DISTRIBUTION POLICY

Your Company has adopted Dividend Distribution Policy as per Regulation 43A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, also annexed as Annexure VIII.

The Dividend Distribution Policy can be accessed on the website of the company at https://magellanic-cloud.com/investors/policies/.

DEPOSITS

The Company has neither accepted nor renewed any fixed deposits during the year under review.

There are no unclaimed deposits, unclaimed / unpaid interest, refunds due to the deposit holders or to be deposited to the Investor Education and Protection Fund as on March 31, 2025.

INTERNAL FINANCIAL CONTROLS

The Company has in place an adequate internal financial controls system. The Audit Committee of the Board periodically reviews the internal control systems with the management and Statutory Auditors. Significant findings are discussed and follow-ups are taken thereon.

Further, the Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 with respect to the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the accounting

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS

Loans, guarantees and investments covered under Section 186 of the Companies Act, 2013 ("the Act") form part of the Notes to the financial statements provided in this Integrated Annual Report.

PARTICULARS OF CONTRACTS / ARRANGEMENTS MADE WITH RELATED PARTIES

All transactions entered into with Related Parties as defined under Section 188 of the Companies Act, 2013 and Regulation 2(1)(zb) and Regulation 23 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 during the financial year were in the ordinary course of business and on an arm's length pricing basis. There were no materially significant transactions with related parties during the financial year which were in conflict with the interest of the Company.

INSURANCE

The properties/assets of the Company are adequately insured.

CORPORATE SOCIAL RESPONSIBILITY (CSR)

As part of its business, the Company has always considered the community as its key stakeholder. It believes that the community around its operations should also grow and prosper in the same manner as does its own business. Accordingly, Corporate Social Responsibility forms an integral part of the Company's business philosophy. The Board of Directors directly oversees and executes all CSR initiatives and activities in accordance with Section 135(9) of the Companies Act, 2013.

The major thrust areas of the Company include healthcare, education, women empowerment, infrastructure support, integrated rural development, etc. which are aligned to the areas specified under Schedule VII to the Companies Act, 2013. The Annual Report on CSR activities of Financial Year 2024-25 with requisite details in the specified format as required under Companies (Corporate Social Responsibility Policy) Rules, 2014 (as amended) is enclosed at Annexure-IX and forms part of this report. The CSR Policy of the Company may be accessed on the website of the Company.

CORPORATE GOVERNANCE CERTIFICATE

We ensure that, we evolve and follow the corporate governance guidelines and best practices sincerely, not only to boost long-term shareholder value, but also to respect minority rights. We consider it our inherent responsibility to disclose timely and accurate information regarding our operations and performance, as well as the leadership and governance of the Company.

Disclosure Requirements) Regulations, 2015 during the financial year were in the ordinary course of business and on an arm's length pricing basis. There were no materially significant transactions with related parties during the financial year which were in conflict with the interest of the Company.

In compliance with Regulation 34(3) read with Schedule V(C) of the SEBI (LODR) Regulations, 2015, a Report on Corporate Governance forms part of this Annual Report. The Certificate as issued by Practicing Company Secretary certifying compliance with the conditions of corporate governance as prescribed under Schedule V(E) of the SEBI (LODR) Regulations, 2015, is annexed to the Corporate Governance Report as Annexure X.

DISCLOSURE ON COMPLIANCE WITH THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013:

The Company has set up an Internal Complaints Committee for providing a redressal mechanism pertaining to sexual harassment of women employees at the workplace. Pursuant to the Companies (Accounts) Second Amendment Rules, 2025, the Board of Directors affirms that the Company has complied with the provisions under the Prevention of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. The details of the cases reported and resolved during the financial year are as follows:

a) number of complaints of sexual harassment received in the year	0
b) number of complaints disposed off during the year; and	0
c) number of cases pending for more than ninety days	0

DISCLOSURE ON COMPLIANCE WITH THE MATERNITY BENEFIT ACT, 1961:

Your Company hereby confirms that it is in compliance with the applicable provisions of the Maternity Benefit Act, 1961, including all amendments thereto, and has duly implemented the required measures to ensure the welfare and rights of women employees as mandated under the said Act.

CONSERVATION OF ENERGY, RESEARCH AND DEVELOPMENT, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE

The details of conservation of energy, technology absorption, foreign exchange earnings and outgo are as follows:

(a) Conservation of Energy

We continue to strengthen our energy conservation efforts. We are always in lookout for energy efficient measures for operation, and value conservation of energy through usage of latest technologies for quality of services. Although the equipments used by the Company are not energy sensitive by their very nature, still the Company is making best possible efforts for conservation of energy, which assures that the computers and all other equipments to be purchased by the Company strictly adhere to environmental standards, and they make optimum utilization of energy.

(b) Absorption of Technology

In this era of competition, in order to maintain and increase the clients and customers, we need to provide best quality services to our clients and customers at minimum cost, which is not possible without innovation, and adapting to the latest technology available in the market for providing the services.

The Company believes that in order to improve the quality and standards of services, the Company has a progressive Research and Development Process, which should keep on increasing along with the scale of operations of the Company.

(d) Foreign Exchange Earnings and Outgo

During the financial year under review, the status of foreign earnings and outgo are:

		(Amount in Rs.)
Particulars	F.Y 2024-2025	F.Y 2023-2024
C.I.F. Value of Imports	-	-
F.O.B. Value of Exports	68,35,62,949	45,43,67,090

TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND

The Company did not have any funds lying unpaid or unclaimed for a period of seven years. Therefore there were no funds which were required to be transferred to Investor Education and Protection Fund (IEPF).

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS

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

LISTING WITH STOCK EXCHANGE

The Company's shares are listed on BSE Limited and the National Stock Exchange of India Limited. Your Company is pleased to inform that its equity shares were listed on the National Stock Exchange of India Limited (NSE) with effect from 07th February 2025. The listing marks a significant milestone in the Company's growth journey, enabling wider public participation and enhancing the visibility, liquidity, and accessibility of its shares in the Indian capital markets. The shares are now traded under the designated symbol “MCLOUD”, and this development reflects the Company's commitment to transparency, good governance, and long-term value creation for its stakeholders.

PREVENTION OF INSIDER TRADING

The Company has adopted a Code of Conduct for Prevention of Insider Trading with a view to regulate trading in securities by the Directors, Officers and designated employees of the Company. The Code requires pre-clearance for dealing in the Company's shares and prohibits the purchase or sale of Company shares by the Directors, Officers and the designated employees while in possession of unpublished price sensitive information in relation to the Company and during the period when the Trading Window is closed. The Board is responsible for the implementation of the Code. All Board of Directors and the designated employees have confirmed compliance with the Code.

ACKNOWLEDGEMENT

The Directors would like to thank our clients, vendors, shareholders, customers, bankers, suppliers, Government of India, particularly the Ministry of Corporate Affairs, Reserve Bank of India, Securities and Exchange Board of India (SEBI) and everybody else with whose help, cooperation and hard work the Company is able to achieve the results.

We place on record our appreciation for the contribution made by our employees at all levels. Our consistent growth was made possible by their hard work, solidarity, co-operation and support.

	For and on behalf of the Board of Directors
	Sd/-	Sd/-
	Jagan Mohan Reddy Thumma	Joseph Sudheer Reddy Thumma
	Managing Director	Managing Director
	[DIN: 06554945]	[DIN: 07033919]
Date: 29/08/2025
Registered Office:
6th Floor, Dallas Center,
83/1, Plot No A1, Knowledge City,
Rai Durg, Hyderabad, Telangana - 500032.