The Directors of East Buildtech Limited (“Company”) have immense pleasure in presenting the Board’s
Report on the business and operations of the Company along with the audited financial statements for
the Financial Year (“FY”) ended March 31,2025.

FINANCIAL HIGHLIGHTS

The Company’s financial performance for the FY ended on March 31,2025 is summarized below:

ANNUAL PERFORMANCE

Details of the Company’s annual financial performance is also published on the Company’s website and
can be accessed at https://www.ebl.co.in/anual-reports.html.

PERFORMANCE OVERVIEW

The Total Revenue including other income of the Company stood at Rs. 104.31 Lakhs in FY 2024-25 as
against Rs.35.09 Lakhs in FY 2023-24. The Company posted profit after tax of Rs. 33.89 Lakhs in FY
2024-25 against Rs. 0.24 Lakhs in FY 2023-24.

SIGNIFICANT MATERIAL CHANGES AFTER BALANCE SHEET DATE AFFECTING
FINANCIAL POSITION

There were no material changes and commitments affecting the financial position of the Company
between the end of the financial year and the date of this report.

SUBSIDIARIES, JOINT VENTURES AND ASSOCIATES COMPANIES

The Company does not have any Joint Ventures, Subsidiaries and Associate Companies.

MATERIAL SUBSIDIARIES

Pursuant to Regulation 24 of Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015, (“Listing Regulations^-’) it is required to formulate a policy for
determining material subsidiaries but the same Clause is not applicable on Company as Company doesn’t
have any Subsidiary Company for the year under review.

MANAGEMENT DISCUSSION AND ANALYSIS

A separate section on Management Discussion and Analysis has been annexed to the Annual Report for
FY 2024-25.

DIVIDEND

Considering the facts and prevailing circumstances, the directors of the Company have not recommended
any dividend for FY 2024-25.

RESERVES

The reserve for the FY 2024-25 as presented in the Financial Statements is Rs. 483.94 Lakhs as against
Rs. 450.05 Lakhs in FY 2023-24.

PUBLIC DEPOSITS

During the FY 2024-25, Company has not accepted any deposits within the meaning of Section 73 and
76 of the Companies Act, 2013 (“Act”) read with the Companies (Acceptance of Deposits) Rules, 2014
and as such no amount of principal or interest was outstanding as on date of the Balance Sheet for FY
2024-25.

CORPORATE GOVERNANCE

Your Company has a rich legacy of ethical governance practices and is committed to transparency in all
its dealings and places high emphasis on business ethics. Your Company always places emphasis on
managing its affairs with diligence, tr ansparency, responsibility and accountability thereby upholding the
important dictum that an organization’s corporate governance philosophy is directly linked to its
performance. The Company understands and respects its fiduciary role and responsibility towards its
stakeholders and to the society at large, and strives to serve then interests, resulting in creation of value
for all stakeholders.

A report on Corporate Governance along with the Certificate of Practicing Company Secretary
confirming compliance of Corporate Governance as stipulated under point E of Schedule V of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, forms an integral part
of the Annual Report for FY 2024-25.

ANNUAL RETURN

Pursuant to Section 92 of the Companies Act, 2013 and Rule 12 of the Companies (Management and
Administration) Rules, 2014, Annual Return of the Company in form MGT-7 for the FY 2024-25, is
available on the website of the Company and can be accessed at www.ebl.co.in.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS

The Company has not granted any loans or provided any guarantee or security or made investment
pursuant to the provision of section 186 of the Companies Act, 2013 and Listing Regulations.

BORROWINGS

During the FY 2024-25, the company has taken an unsecured loan from M/s. Kesri Investments Private
Limited, a Non-Banking Financial Company (NBFC) of Rs. 26,00,000/- (Rupees Twenty Six Lakhs
only) at interest rate of 10.50% per annum due for meeting funding requirements of the company which
shall be repayable on demand.

SHARE CAPITAL

AUTHORISED CAPITAL

During FY 2024-25, there was no change in the authorised share capital of the Company. As on March
31, 2025, the authorised share capital stood at Rs.4,50,00,000 /- divided into 45,00.000 ordinary equity
shares with a nominal value of Rs.10 each.

ISSUED, SUBSCRIBED AND PAID-UP CAPITAL

During FY 2024-25, there was no change in the Issued, Subscribed and Paid-up Capital share capital of
the Company. As on March 31, 2025, the Issued Share Capital stood at Rs.1,93,84,000 divided into 19,
38,400 shares at Rs.10 each, Subscribed and Paid-up Capital stood at Rs. 1,87,68,000 /- divided into 18,
76,800 ordinary equity shares with a nominal value of Rs. 10 each.

BOARD AND ITS COMMITTEES

The Company has a strong and diverse Board which has oversight of the Company’s management and
governance. The individual members of the Board bring a wide range of skills, knowledge, experience
and perspectives. Board-level diversity enhances the effectiveness and efficiency of decision making and
enables seamless navigation through complex transactions and strategies. The Board is supported by
specialised Board-level committees, which operate within defined terms of reference. This allows the
Board to concentrate on critical matters while enabling deep dives into areas like risk management,
information technology, enviromnent, social, governance, sustainability, stakeholder management,
financials and internal control aspects.

MEETINGS OF THE BOARD

During the financial year 2024-25, the Board of Directors of the Company met Six times. The maximum time gap
between any two Board Meetings was not more than one hundred and twenty days. The details of the Board
meetings are as under:-

Disclosures of relationships between Directors inter-se

None of the Directors are related to each other.

Information relating to Directors

The details relating to the composition and categories of the Directors on the Board, their attendance at Board
Meetings during the year and at the last Annual General Meeting, the number of Directorships, Committee
Memberships and Chairmanships held by them as on 31^st March. 2025 are given below:

1. The Directorship held by Directors as mentioned above do not include directorships of private companies,
foreign companies and Section 8 companies and EBL.

2. In accordance with SEBI (Listing and Obligation and Disclosure Requirements) Regulation, 2015,
Memberships / Chairmanship of only the Audit Committee and Stakeholders’ Relationship Committee of
all public limited companies have been considered except EBL.

No Director is a member of more than 10 Board-level Committees of public limited companies, or is
Chairman of more than 5 such Committees.

The Board reviews Compliance Reports of all the laws applicable to the Company, prepared by the
Company as well as the steps taken by the Company to revamp instances of such non-compliances wherever
and whenever required.

COMMITTEES OF THE BOARD

As required under the Act and SEBI Listing Regulations, the Company has constituted various statutory
committees to review specific business operations and governance matters. As on March 31, 2025, the
Company had the following committees of the Board.

1. Audit Committee

2. Nomination and Remuneration Committee

3. Stakeholders Relationship Committee

VIGIL MECHANISM

The Company established a Vigil Mechanism/ Whistle Blower Policy. The purpose of this mechanism
is to provide a framework to report concerns about unethical behavior, actual or suspected fraud or
violation of the Company’s code of conduct or ethics policy and provide adequate safeguards against
victimization of the person availmg this mechanism. This Policy has been appropriately communicated
within the organization and is effectively operational. The policy provides mechanism whereby whistle
blower may send protected disclosures directly to the Chairman of Audit Committee or Ethics Officer.

The Policy uploaded on the website can be accessed at https://www.ebl.co.in/investor-

pdf/policies/VIGIL%20MECHANISM%20POLICY.pdf

RISK MANAGEMENT

As per the requirements of Regulation 17 of Listing Regulations, the company laid down the procedures
to inform Board members about the risk assessment and minimization procedures and the Board was
responsible for framing, implementing and monitoring the risk management plan for the company. The
Company has developed and implemented a Risk Management Policy to identify and mitigate key risks
that may threaten the existence of the Company.

The Policy uploaded on the website can be accessed at https://www.ebl.co.in/investor-

pdf/policies/RISK%20MANAGEMENT%20PQLICY.pdf

INTERNAL FINANCIAL CONTROLS

The Company has put in place adequate internal financial controls with reference to financial statements.
Such system has been designed to provide for:

• Adoption of accounting policies in line with applicable accounting standards.

• Proper recording of transactions with internal checks and reporting mechanism.

• Compliance with applicable statutes, policies, management policies and procedures.

The management of the Company periodically reviews the financial performance against the approved
plans across various parameters and takes necessary action, wherever necessary.

DECLARATION OF INDEPENDENCE FROM INDEPENDENT DIRECTORS

The Company has received declaration from all the Independent Directors confirming that they meet the
criteria of Independence as prescribed under the provisions of the Act read with the relevant Schedules
and Rules made thereunder as well as Regulation 25 & 26 of the Listing Regulations.

Furthermore, the Board is of the opinion that the Independent Directors possess the requisite
qualifications, skills, experience and expertise while upholding the highest standards of integrity and
professionalism and they fully satisfy the conditions outlined in the Act and Listing Regulations and
remain independent of the management.

The details of the familiarization program for the Independent Directors is available on the Company’s
website and can be accessed at

https://www.ebl.co.in/EBL/Policv/Familiarisation Programme%20for%20Independent%20Directors.p
df

DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS
OR COURTS OR TRIBUNALS IMPACTING GOING CONCERN STATUS AND COMPANY’S
OPERATION IN FUTURE

No significant and material order was passed by any Regulator or Court or Tribunal during the FY 2024¬
25 having potential to impact the going concern status of the Company.

DIRECTORS AND KEY MANAGERIAL PERSONNEL

As on the date of this report, Company’s Board of Directors comprises of four (4) directors includmg
independent directors. Details on composition of Board of Directors, number of meetings held during
FY 2024-25 and attendance thereof has been provided in the Report on Coiporate Governance, which
forms part of Annual Report for FY 2024-25.

DIRECTOR LIABLE TO RETIRE BY ROTATION

In accordance with the provisions of Section 152 and other applicable provisions, if any, of the Act and
the Articles of Association of the Company, Mr. Madhusudan Aggarwal (DIN:00338537), Non¬
Executive Director, is liable to retire by rotation at the 41st AGM and being eligible, has offered himself
for re-appointment.

APPOINTMENTS AND CESSATION

During the FY 2024-25, Mr. Chetan Goel resigned from the position of the Company Secretary &
Compliance Officer and CFO with effect from May 24,2024. The Board in its meeting held on May 28,
2024, appointed Ms. Arpit Shanna (A45885) as Company Secretary & Compliance Officer and CFO of
the Company with immediate effect. She also resigned from the said position with effect from November
9, 2024. The Board in its meeting held on January 28, 2025 appointed Mr. Sanjiv Kumar Tiwari
(M.No.F7150) as Company Secretary cum Compliance Officer and CFO of the company with immediate
effect.

Mr. Madhusudan Chokhani Managing Director and CEO, Mr. Sanjiv Kumar Tiwari, Company Secretary
& Compliance Officer are the Key Managerial Personnel of the Company as on March 31, 2025.

None of the Directors of the Company are disqualified as per the provisions of Section 164 of the
Companies Act, 2013.

Further, none of the Directors are debarred from holding the office of Director pursuant to any SEBI
Order or any other such authority. The Directors have made necessary disclosures, as required under
various provisions of the Companies Act, 2013.

PARTICULARS OF REMUNERATION

The information as required m accordance with Section 197(12) of the Act read with the Companies
(Appointment & Remuneration of Managerial Personnel) Rules, 2014, as amended is set out in
Annexure I to this Report. However, as per the provision of Section 136 of the Act, Report and the
Accounts are being sent to all members of the Company.

NOMINATION AND REMUNERATION POLICY

Pursuant to the provisions of Section 178 of the Act and Regulation 19 read with Schedule II Part D of
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a Nomination and
Remuneration Policy had been framed for the appointment of Directors, Key Managerial Personnel and
Senior Management and fixation of their remuneration.

The Nomination and Remuneration Policy of the Company is annexed as Annexure II and forms part
of this Report.

Your Directors inform the members that the Nomination and Remuneration Committee as well as your
Directors endeavor to follow the policy and all appointments in Board and Senior Management are
considered at the meeting of the Committee and the Board.

RELATED PARTY TRANSACTIONS

The Board has accorded its approval for entering into any related party transactions which are in the
ordinary course of business and at arm’s length basis. The Company has formulated a policy on Related
Party Transactions which is available on the Company’s website and can be accessed at

https://www.ebl.co.in/investor-pdf/policies/Related%20Partv%20Policv.pdf

Related party transactions (Form AOC- 2) pursuant to Section 134 (3)(h) of the Companies Act, 2013
read with Rule 8(2) of the Companies (Accounts) Rules, 2014 as entered by the Company during FY
2024-25 is annexed herewith as Annexure III to this Report.

STATEMENT INDICATING THE MANNER IN WHICH FORMAL ANNUAL EVALUATION
HAS BEEN DONE

In terms of the provisions of Companies Act, 2013 and Regulation 17 of Securities and Exchange Board
of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Independent Directors at
their meeting without participation of the Non-Independent Directors and Management,
considered/evaluated the Boards’ performance, Performance of the Chairman and other Non¬
Independent Directors. The Board subsequently evaluated the performance of Independent Directors as
per the criteria laid down and has recommended their continuation on the Board of the Company. The
working of its Committees (Audit, Nomination and Remuneration and Stakeholders Relationship
Committee) and Independent Directors (without participation of the Director being evaluated) were also
evaluated. Nomination and Remuneration Committee have laid down the criteria for performance
evaluation of all directors and Directors whose performance are subject to evaluation have not
participated in the meeting.

The evaluation criteria as laid down by the Nomination & Remuneration Committee included various
aspects of the functioning of Board such as composition, process & procedures including adequate &
timely information, attendance, delegation of responsibilities, decision-making; roles & responsibilities
including monitoring, benchmarking, feedback; stakeholder relationship and committees.

The performance of individual Directors including the Chanman was evaluated on various parameters
such as knowledge & experience, interest of stakeholders, time devoted etc. The evaluation process has
been explained in the Corporate Governance Report of the Annual Report. The evaluation of Independent
Directors was based on aspects like participation in & contribution to the Board decisions, knowledge &
experience and judgment.

The Company recognizes and embraces the importance of diversity in the Board in its success. We
believe that a truly diverse Board will leverage difference in thought, perspective, knowledge, skill,
regional and industry experience, culture and geographical background, age, ethnicity which will help us
retain our competitive advantage.

AUDITORS

STATUTORY AUDITORS

M/s. Suresh Kumar & Mittal, Chartered Accountants (Finn Registration No.-500063N) were appointed
with the approval of the members as the Statutory Auditors of the Company for a period of five (5)
consecutive years to hold the office from the conclusion of 40^th AGM till the conclusion of 45^th AGM of
the Company.

During FY 2024-25, the Auditor did not report any matter under Section 143(12) of the Act, therefore,
no detail is required to be disclosed under Section 134(3) (ca) of the Act. The observations of the Auditor,
if any, are explained wherever necessary, in the appropriate notes to the accounts. The Statutory Auditor’s
Report does not contain any qualification, reservation or adverse remark, disclaimer or emphasis of
matter.

INTERNAL AUDITORS

Pursuant to provisions of section 138 of the Companies Act, 2013 read with the Companies (Accounts)
Rules, 2014, the Company had appointed M/s. B.K Shroff & Co, Chartered Accountants (Finn
Registration Number:302166E) as Internal Auditors of the Company for the FY 2024-25. The role of
Internal Auditors includes but is not limited to review of internal systems, standard operating procedures,
adherence to statutory laws & other operational no mis as set by the management, monitoring of
implementation of corrective actions required, reviewing of various policies and ensure its proper
implementation, etc. The internal audit report as provided by the internal auditor for FY 2024-25 does
not contain qualification, reservation or adverse remark.

SECRETARIAL AUDITOR

Pursuant to provisions of Section 204 of the Companies Act, 2013 read with the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company had appointed
M/s. SSPK & Co., Company Secretaries, (Firm Registration Number: P2016DE056800) as Secretarial
Auditor of the Company for the year ended March 31, 2025. The Secretarial Audit Report for FY 2024¬
25 does not contain any qualification, reservation or adverse remark. The Report of Secretarial Auditor
is amiexed as Annexure It⁷ to the Board Report which forms part of the Annual Report.

Further, Board has recommended for further appointment of SSPK & Co. for a period of Five(5) Years
from the conclusion of 41^st Annual General Meeting to 46^th Annual General Meeting of the Company.

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

Information as required by Section 134 (3) (m) read with relevant rules of the Companies Act, 2013, is
set out as under:

CONSERVATION OF ENERGY

During FY 2024-25, provisions for Conservation of Energy is not applicable on the Company.
TECHNOLOGY ABSORPTION, ADOPTION & INNOVATIONS

During FY 2024-25, there were no Technology absorption, adoption & innovation by the Company.
FOREIGN EXCHANGE EARNINGS & OUTGO

DIRECTORS’ RESPONSIBILITY STATEMENT

Pursuant to Section 134(3)(c), the Directors hereby state and 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
judgements and estimates that are reasonable and prudent so as to give a true and fair view of the
state of affairs of the company 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.

CORPORATE SOCIAL RESPONSIBILITY

During FY 2024-25, provisions of Section 135 of the Act is not applicable on the Company hence there
is no requirement to constitute corporate social responsibility (CSR) committee and therefore Board has
not formulated corporate social responsibility policy.

PREVENTION, PROHIBITION AND REDRESSAL OF SEXUAL HARASSMENT OF WOMEN
AT WORKPLACE

The Company strongly believes in providing a safe and harassment-free workplace for every individual
through various interventions, policies and practices. The Company has a robust policy on the prevention
of sexual harassment at the workplace in compliance with the requirements of the Sexual Harassment of
Women at Workplace (Prevention. Prohibition and Redressal) Act, 2013 (“POSH”) During FY 2024-25,

no complaints were received by the Internal Complaints Committee established under the Policy for
Prohibition, Prevention and Redressal of Sexual Harassment of Women at Workplace.

MAINTENANCE OF COST RECORDS

During FY 2024-25, maintenance of cost records as specified by the Central Government under sub
section (1) of 148 of the Companies Act, 2013 is not required to be maintained by the company.

DISCLOSURE OF ACCOUNTING TREATMENT

The Company has followed the same accounting treatment as prescribed in the relevant Indian
Accounting Standards while preparing the Financial Statements.

COMPLIANCE WITH SECRETARIAL STANDARDS

The Company is in compliance with the applicable Secretarial Standards issued by the Institute of
Company Secretaries of India and approved by the Central Government under Section 118(10) of the
Companies Act, 2013.

GENERAL

No disclosure or reporting is made in respect of the following items, as there were no transactions during
FY 2024-25:

Ý The issue of equity shares with differential rights as to dividend, voting or otherwise;

Ý There are no significant or material orders passed by the regulators, courts or tribunals which impact
the going concern status or the Company’s operations in the future;

Ý The Company does not have any scheme or provision of money for the purchase of its own shares
by employees or by trustees for the benefits of employees;

Ý There is no proceeding pending under the Insolvency and Bankruptcy Code, 2016 against the
Company;

Ý There was no instance of one-time settlement with any bank or financial institution by the Company;

Ý There was no revision in the financial statements and Board’s Report;

Ý There was no instance where the Company failed to implement any corporate action within the
prescribed statutory timelines

ACKNOWLEDGEMENTS

The Board hereby places on record its sincere appreciation for the continued assistance and support
extended to the Company by its collaborators, customers, bankers, vendors, Government authorities and
employees.

The Directors acknowledge with gratitude the encouragement and support extended by our valued
Shareholders.

Place: New Delhi For and on behalf of the Board

East Buildtech Limited

Dated: 02.09.2025

sd/-

Madhusudan Chokhani
Chairman & Managing Director
DIN: 00307234