Your Directors are pleased to present the 32^nd Annual Report of the Company along with the audited financial statements for the
financial year ended 31^st March, 2025.

FINANCIAL HIGHLIGHTS

The financial highlights of our Company is outlined below

PERFORMANCE REVIEW

During the financial year, on a standalone basis, the total revenue
from operations stood at H1,68,218.59 Lakhs as compared to
H1,54,912.90 Lakhs in the previous financial year. The profit
(after tax) stood at H 9,033.15 Lakhs as compared to H 8,939.04
Lakhs in the previous financial year. The exports made by
the Company stood at H 6,577.35 Lakhs as compared to
H 7,104.75 Lakhs in the previous financial year.

During the financial year, on a consolidated basis, the total
revenue from operations stood at H1,71,045.97 Lakhs as
compared to H1,57,227.45 Lakhs in the previous financial year.
The profit (after tax) stood at H 9,222.03 Lakhs as compared to
H 9,137.01 Lakhs in the previous financial year.

STATE OF COMPANY’S AFFAIRS AND OPERATIONS

Your Company stands as a leading force in the branded outerwear
and innerwear segment, having established a strong presence
and reputation in the Indian hosiery market. Over the years,
we have evolved into a noteworthy player through continuous
innovation, product diversification, and a sharp focus on quality
and customer satisfaction. We have strategically introduced
a wide range of categories under the Dollar brand portfolio,
including Dollar Man, Dollar Woman, Dollar Junior, Dollar Always
Thermal, and Dollar Protect. These categories are thoughtfully
designed to meet the diverse needs of our consumers across all
age groups and lifestyle preferences.

With a keen understanding of modern trends and consumer
behaviour, especially among millennials, our branding initiatives
have significantly enhanced brand recall. Through compelling
campaigns and targeted outreach, we have successfully created
a strong emotional connection with our audience, positioning
Dollar as a trusted and contemporary choice in the Indian
apparel space.

Over the years, your Company has built a well-integrated and
diversified design-to-production ecosystem, driven by innovation,
efficiency, and scale. Our team comprises a large pool of in¬
house designers, supported by a strong network of pan-India
suppliers and an unmatched distribution infrastructure, ensuring
seamless product availability across the country.

Your Company's operations are strengthened by digital
transformation initiatives and an automated inventory
management system, designed to handle peak-season demand
with agility and precision. These systems allow us to respond
quickly to market trends while maintaining operational excellence.

We invest heavily in consumer research, gaining deep insights
into customer demographics, preferences, and lifestyle patterns.
This enables us to continuously deliver products that blend
fashion with comfort, ensuring we stay ahead of the fashion
curve. As a market leader, we remain committed to innovation,
trend-setting designs, and delivering consistent value to our
customers across all touchpoints.

As part of the ongoing evolution of our premium innerwear line,
your Company has revamped the look, product design, and quality
standards of Force NXT. In an initiative to amplify a 360 degree
marketing initiative and to further strengthen brand visibility and
consumer engagement, we launched a new brand film across
television and digital platforms, capturing the essence of our
product philosophy and modern appeal. Complementing this,
we executed an extensive outdoor advertising campaign across
key distribution centers nationwide. This integrated marketing
approach significantly contributed to a noticeable surge in
consumer demand, reinforcing our brand's presence across both
urban and regional markets. This strategic refresh reflects our

commitment to delivering a more sophisticated, performance-
driven, and fashion-forward experience to our discerning
customers. The updated identity and enhanced product features
mark a bold step in reinforcing Force NXT as a leading name in
the premium innerwear segment.

The successful introduction of Rainguard (raincoats) and
Windguard (windcheaters) has given us a competitive edge
in the seasonal wear segment. These offerings have not only
strengthened our product portfolio but have also enabled
us to connect more deeply with the Dollar consumer base,
aligning with their daily needs and lifestyles through consistent
brand presence.

Seasonal products have proven to be an effective tool for
sustaining brand recall, positioning Dollar as the go-to brand
for every Indian household. Strategic brand campaigns across
television, digital platforms, and below-the-line (BTL) activations
have ensured wide product visibility—especially in regions
experiencing heavy monsoon—and created strong traction
among youth, bikers, and adventure enthusiasts during the
winter season.

Our robust pan-India distributor network continues to be a key
strength, enabling deep market penetration down to the retail
level. With strong consumer acceptance of these new offerings,
we anticipate an even greater response this year, further
reinforcing Dollar's leadership in functional, fashionable, and
reliable everyday wear.

The response to our new product lines has been overwhelmingly
positive, with widespread appreciation across consumer
segments. Each vertical of our business is experiencing robust
growth year after year, reflecting the strength of our strategy
and execution.

In our continued pursuit of excellence across product
categories, we have strategically aligned with renowned brand
ambassadors who embody the spirit and values of Dollar. These
partnerships have significantly enhanced brand recognition and
consumer trust:

• Akshay Kumar for Dollar Bigboss

• Saif Ali Khan for Dollar Lehar

• Yami Gautam for Dollar Missy

• Mahesh Babu for Dollar Bigboss (South India)

Each ambassador brings a unique influence, helping us connect
with diverse audiences across geographies. These associations,
combined with constant product innovation and targeted
media strategies, will continue to be key growth drivers for their
respective categories, enabling us to expand our reach and
reinforce Dollar as a trusted name across India.

Our unique value proposition-blending apparel-like aesthetics
with uncompromising comfort and innovative design—has deeply
resonated with today's discerning consumers. With a focused
approach, we have introduced fresh concepts and contemporary
designs, now entering full-scale rollouts across markets.

At the core of our sustained success lies a foundation built on
strong, collaborative relationships with our suppliers, customers,
and employees. These partnerships form the pillars of Dollar's
growth journey, ensuring not only operational excellence but also
a work culture that is inclusive, forward-thinking, and aligned
with our long-term vision.

CHANGE IN NATURE OF BUSINESS

During the year, there were no changes to the Company's
business activities, and it remained focused on enhancing its
operational efficiencies.

DIVIDEND

Based on the Company's performance, your Board of Directors
have recommended a dividend of H 3/- (previous year H 3/- on
face value of H2/- fully paid-up) per equity share of H 2/- fully
paid-up (i.e. 150 % on the paid-up value of Equity Shares). The
proposal is subject to the approval of the Members at the 32^nd
Annual General Meeting (AGM) of the Company scheduled to be
held on 25^th July, 2025. The dividend payout is in the line with the
dividend distribution policy as adopted by the Company.

The dividend, if approved by the members would involve total
outflow of H 1,701.48 Lakhs (subject to deduction of TDS as per
Section 194 of the Income Tax Act, 1961)

Pursuant to Regulation 43A of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 as amended,
the Company has in place a Dividend Distribution Policy and
the same is also available on the Company's website URL
https://www.dollarglobal.in/wp-content/uploads/DIVIDEND-
DISTRIBUTION-POLICY.pdf

AMOUNT TRANSFERRED TO RESERVES

The Company's Board of Directors has resolved not to transfer
any amount to the General Reserves for the financial year ending
31^st March, 2025.

FINANCIAL STATEMENTS

The financial statements have been prepared in accordance
with the Indian Accounting Standards (INDAS) as notified
under Section 133 of the Companies Act, 2013 read with
the Companies Accounts Rules, 2014 and Regulation 48 of
the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 for the financial year 2024-25 as applicable
to the Company.

The estimates and judgments applied in the financial statements
are made conservatively to accurately reflect the true and fair
nature of transactions, and to reasonably present the Company's
financial position, profits, and cash flows for the financial year
ended 31^st March, 2025.

The financial statements of the Company's subsidiary, Dollar
Garments Private Limited, and its joint venture, Pepe Jeans
Innerfashion Private Limited, have been prepared and consolidated
with the Company's financials, and are an integral part of this report.

The financial statements of the Company's Subsidiary and Joint
Venture are not included in this report. In accordance with Section
136 of the Companies Act 2013, the copies of the documents
are made available for inspection at its registered office during
working hours for a period of twenty-one days before the date
of the meeting and these statements will also be available
for inspection by members physically or through electronic
means. The Company will provide the financial statements of
its Subsidiary and Joint Venture upon request from any member
in writing to the Company at its registered office or at investors@
dollarglobal.in. Further the Audited Financial Statements and
related information of the Company and audited accounts of its
subsidiary are available on the website of the Company at www.
dollarglobal.in.

However, pursuant to Section 129(3) of the Companies Act,
2013, a statement containing the salient features of the financial
statements of the Subsidiary and Joint Venture Company are
attached to the financial statements in Form AOC-1 is annexed
herewith as Annexure - ‘K’ and forms a part of this Report.

SHARE CAPITAL

There was no change in the authorized, issued, subscribed, or
paid-up share capital of the Company during the financial year
under review.

The authorised share capital of the Company as on 31^st March,
2025 stood at H 11,50,00,000 (Rupees Eleven Crores Fifty
Lakhs) divided into 5,75,00,000 (Five Crore Seventy Five Lakhs)
Equity Shares of face value of H 2/- each.

The issued, subscribed and paid-up share capital of the
Company stood at H 11,34,32,240 (Rupees Eleven Crores Thirty
Four Lakhs Thirty Two Thousand Two Hundred Forty) divided into
5,67,16,120(Five Crores Sixty Seven Lakhs Sixteen Thousand
One Hundred Twenty) Equity Shares of face value of H 2/- each,
fully paid up.

The Company has not issued any Equity Shares, Equity Shares
with differential rights, Sweat Equity Shares, or Employees'
Stock Options, nor has it repurchased any of its own shares.
Therefore, there is no information to be provided as per Rule
4(4), Rule 8(13), Rule 12(9), and Rule 16(4) of the Companies

(Share Capital and Debentures) Rules, 2014, or Section 42 and
Section 62 of the Companies Act, 2013.

Dollar Employee Stock Option Plan (2022)

The Company has initiated ‘Dollar Employee Stock Option Plan
(ESOP)' aims to provide employees with the opportunity to purchase
Company's stock at a future date, typically at a discounted price
or at a fixed price (which may be lower than the market value) with
the aim to give employees a sense of ownership in the Company,
motivating them to work toward its success, as the value of the
stock options may increase in line with growth of the Company.

However, the Company is yet to issue stock options to its
employees under the terms of the ESOP.

DEPOSITS

During the year under review, your Company has neither
accepted nor renewed any deposits as defined under Section
73 of the Act, in accordance with the Companies (Acceptance
of Deposits) Rules, 2014.

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

The information pertaining to the conservation of energy,
research and development, technology absorption, foreign
exchange earnings, and outgo, as mandated under Section
134(3)(m) of the Companies Act, 2013 and Rule 8(3) of the
Companies (Accounts) Rules, 2014, is provided in Annexure ‘A’
and is an integral part of this Report.

CORPORATE GOVERNANCE

The Company's approach to Corporate Governance is centered
on achieving the highest standards of transparency and
accountability, with a steadfast commitment to protecting and
enhancing the interests of all stakeholders.

The Company remains committed in upholding the strongest

standards of ethics and governance, fostering increased transparency
that drives value and benefits for all stakeholders involved.

The Company has fully complied with all the provisions outlined
in the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as well as the directives issued by SEBI from
time to time.

The Company aims to exceed stakeholders expectations while
ensuring full compliance with the mandatory provisions set forth
by the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015.

The Company has carefully considered and ensured that all
necessary information is included in the Directors' Report
and the Corporate Governance Report, in full compliance with
the provisions of the Companies Act, 2013, the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, as
well as the Listing Agreement with the Stock Exchanges.

Pursuant to Regulation 34(3) read with Schedule V of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations,
2015, the applicable Regulations as issued by SEBI and as
amended from time to time a report on Corporate Governance
along with a Certificate from Mr. Santosh Kumar Tibrewalla,
Practicing Company Secretary ( Peer reviewed) (Membership
No.:3811 ; CP No.: 3982), regarding compliance of conditions of
Corporate Governance are provided in Annexure ‘B’ & ‘C’ and
are an integral part of this Report

The certification by CEO & CFO as per Regulation 17(8) of SEBI
(Listing Obligation and Disclosure Requirements) Regulations,
2015 is provided in Annexure - ‘D’ and is integral part of
this Report.

CODE OF CONDUCT

The Board of Directors has established a comprehensive Code of
Conduct and set of business principles, which apply to all Board
members—both Executive and Non-Executive Directors—along
with senior management and all employees of the Company.
These guidelines are designed to ensure that the business is
conducted with the highest standards of ethics, efficiency, and
transparency, enabling the Company to meet its obligations and
deliver value to its shareholders and all other stakeholders and
the same has also been placed on the Company's website URL
https://www.dollarglobal.in/wp-content/uploads/CODE-OF-
CONDUCT.pdf

The Board Members and Senior Management have affirmed
their compliance with the Code and pursuant to Regulation 26(3)
read with Schedule V of SEBI (Listing Obligations and Disclosure
Requirements) Regulations 2015 a declaration signed by the
Managing Director & CEO to this affect is provided in Annexure
- ‘E’ and is integral part of this Report.

MANAGEMENT DISCUSSIONS AND ANALYSIS REPORT

In accordance with Regulation 34(2)(e) read with Schedule V
of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, the Management Discussion and Analysis
Report provides a comprehensive review of the Company's
operations, state of affairs, performance, and future outlook
for the reporting year is provided in Annexure - ‘F’ and is integral
part of this Report.

BOARD OF DIRECTORS

Resignation / Cessation

During the year under review Mr, Binay Kumar Agarwal
(DIN:01342065) Non- Executive Independent Director of the
Company completed his tenure of 2^nd term of 5 consecutive
years on 31^st March, 2024 and accordingly he ceased to be
an Independent Director of the company w.e.f. 1^st April, 2024.

Appointment / Re-appointment

During the year under review on recommendation of the Nomination
and Remuneration Committee, Mrs. Vibha Agarwal (DIN:00060102)
was appointed as a Non-Executive Independent Director on the
Board of the Company w.e.f 1^st April, 2024, for a period of 5(five)
consecutive years, not liable to retire by rotation, as specified
under the Companies Act, 2013 and the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015. Pursuant to
Regulation 17(1)(C) of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, approval of shareholders for the
aforesaid appointment was duly obtained from the Shareholders by
means of Postal Ballot within the prescribed time.

Further, pursuant to the provisions of Section 161(1) of the
Companies Act, 2013, the appointment of Mrs. Vibha Agarwal
as Non-Executive Independent Director was duly approved by
the Shareholders in the 31^st Annual General Meeting of the
Company held on 2^nd August, 2024.

In terms of Section 149 of the Companies Act, 2013 and SEBI
(Listing Obligations and Disclosure Requirements) Regulations
2015, and as on the date of this report, the Independent
Directors of the Company comprises of Mr. Rajesh Kumar
Bubna, Mrs.Vibha Agarwal, Mrs. Divyaa Newatia, Mr. Srikumar
Bandyopadhyay and Mr. Sandip Kumar Kejriwal.

Declaration by Independent Directors

The Company has received requisite declarations from all its
Independent Directors as follows:

a. Under Section 149(7) of the Companies Act, 2013 that
they meet the criteria of independence as prescribed under
Section 149 (6) of the Companies Act, 2013 along with
the Rules framed thereunder and Regulation 16 (1) (b) of
the SEBI (Listing Obligations and Disclosure Requirements)
Regulations 2015

b. That they have complied with the Code of Conduct of
Independent Directors prescribed under Schedule IV of
the Companies Act, 2013; and

c. That they have duly registered their names in the
Independent Directors' Databank maintained by the Indian
Institute of Corporate Affairs, in terms of Section 150 of the
Companies Act, 2013 read with Rule 6 of the Companies
(Appointment and Qualifications of Directors) Rules, 2014
including any amendments thereto.

Retirement by rotation

Pursuant to the provisions of Section 152(6) and other
applicable provisions of the Companies Act, 2013 and Articles
of Association of the Company, Mr. Krishan Kumar Gupta (DIN:
01982914) , Whole Time Director of the Company, retires by
rotation at the ensuing 32^nd Annual General Meeting and being
eligible has offered for his re-appointment.

Appointment / resignation of Key Managerial
Personnel (KMP)

During the year under review, Mr. Lalit Lohia resigned from the office
of Company Secretary and Compliance Officer of the Company w.e.f.
1^st August, 2024 due to his personnel reasons. Mr. Abhishek Mishra
was appointed as Compliance Officer of the Company w.e.f. 1^st
August, 2024 and subsequently Mr. Abhishek Mishra was appointed
as the Company Secretary of the Company w.e.f. 12^th August, 2024.

In terms of Section 203 of the Companies Act 2013 read with
Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014 and Regulation 30 of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015,
the Key Managerial Personnel (KMP) of the Company as on
31^st March, 2025 comprises of following:

1. Mr. Vinod Kumar Gupta - Managing Director & CEO

2. Mr. Ajay Kumar Patodia - Chief Financial Officer

3. Mr Abhishek Mishra- Company Secretary and Compliance
Officer (w.e.f 12^th August, 2024)

None of the Directors of the Company are disqualified under
Section 164(2) of the Companies Act, 2013 and Rules made
thereunder. The Directors have also made necessary disclosures
to as required under provisions of Section 184(1) of the
Companies Act, 2013.

All members of the Board of Directors and senior management
personnel affirmed compliance with the Company's code of
conduct policy for the f.y. 2024-25.

DIRECTORS’ RESPONSIBILITY STATEMENT

Pursuant to the provisions of Section 134(3) (c) and 134(5) of
the Companies Act, 2013, your Directors to the best of their
knowledge and ability, hereby confirm that:

1. In the preparation of the annual accounts, the applicable
accounting standards had been followed along with proper
explanation related to material departures

2. Appropriate accounting policies have been selected and
applied consistently and judgements and estimates that
are reasonable and prudent have been made so as to give
a true and fair view of the state of affairs of the Company
as at 31^st March, 2025 and of the profit of the Company for
the year ended on 31^st March, 2025

3. Proper and sufficient care has been taken, 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

4. The annual accounts have been prepared on a going
concern basis

5. The Directors have laid down Internal Financial Control to be
followed by the Company and that such Internal Financial
Control are adequate and are operating effectively; and

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

Based on the Internal Financial Control framework, audit
procedure and compliance system as established and
maintained by the Company. The Board is of the opinion that
the Company's Internal Financial Controls were adequate and
effective during the f.y. 2024-25.

AUDITORS AND THEIR REPORTS

(i) Statutory Auditors

M/s Singhi & Co., Chartered Accountants, (Firm Reg No.:
302049E), were appointed as Statutory Auditors of the
Company at 29^th Annual General Meeting (AGM) of the
Company held on 28^th July, 2022 for the period of 5 (Five)
Years and would continue to hold the office of Statutory
Auditors till the conclusion of the 34^th AGM of the Company
to be held for the f.y. 2026-27.

The observations, if any, raised by the Statutory Auditor,
M/s Singhi & Co., Chartered Accountants (Firm Reg. No.
302049E), in their Auditors' Report (both Standalone
and Consolidated), along with the accompanying notes to
accounts, are clear and self-explanatory, and therefore,
no further elaboration is required. The Auditors' Report
does not include any qualifications, reservations, adverse
remarks, or disclaimers.

(ii) Cost Auditors

Based on the recommendation of the Audit Committee and
pursuant to the provisions of Section 148 of the Companies
Act, 2013, the Board of Directors re-appointed M/s. Pranab
Chakrabarty & Associates, Cost Accountants (Firm Reg No.:
000803) as the Cost Auditors to conduct the audit of the
cost records of the Company for the f.y. 2025-26.

The remuneration payable to the Cost Auditors is required
to be ratified by the shareholders in the ensuing Annual
General Meeting and is, therefore, accordingly proposed
in the Notice convening the 32^nd Annual General Meeting
as annexed to this Report.

(iii) Secretarial Auditors

The Secretarial Audit Report (MR-3), issued by Mr. Santosh
Kumar Tibrewalla, Practicing Company Secretary, Kolkata,
for the f.y. 2024-25, is given in Annexure ‘G’ to this
Report. The Secretarial Audit Report does not contain any
qualification, reservation, disclaimer or adverse remark.

The Secretarial Compliance Report for the financial year
ended 31^st March, 2025, in relation to compliance of all
applicable SEBI Regulations / circulars / guidelines issued
thereunder, pursuant to the requirement of Regulation 24A
of the Listing Regulations, is available on the website of the
Company at www.dollarglobal.in

Pursuant to the provisions of Section 204 of the Companies
Act, 2013, read with The Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014 and
Regulation 24A of SEBI (Listing Obligations and Disclosure
Requirements), Regulations,2015, the Board of Directors,
subject to approval of shareholders in the ensuing Annual
General Meeting, has re-appointed Mr. Santosh Kumar
Tibrewalla, Practising Company Secretary (Membership
No.:3811 ; CP No.: 3982), Peer Reviewed, as the Secretarial
Auditor to hold the office of Secretarial Auditors until
conclusion of 37^th AGM of the Company and to conduct
the secretarial audit of the Company for a period of 5 years
effective from f.y. 2025-26 till f.y. 2029-30. His appointment
has been set forth in the Notice convening ensuing Annual
General Meeting for approval of shareholders.

(iv) Internal Auditors

Based on the recommendation of the Audit Committee and
pursuant to the provisions of Section 138 of the Companies
Act, 2013, the Board of Directors re-appointed M/s. Pawan
Gupta & Co., Practicing Chartered Accountants (Firm Regn.
no. 318115E) as the Internal Auditors of the Company to
conduct the internal audit of the Company for f.y. 2025-26.

CORPORATE SOCIAL RESPONSIBILITY (CSR)

Your Company takes pride in being a responsible corporate
citizen, strongly committed to the well-being and development
of the communities mostly that surround its operations. With this
goal the Company has identified and initiated several impactful
projects focused on social empowerment, rural development,
sustainable livelihoods, healthcare and education. Throughout
the year, the Company has actively contributed in variety of
initiatives aimed at improving the lives of people mainly in the
neighboring villages around its plant locations and also at other
parts of the country.

The Company has been carrying out Corporate Social
Responsibility (CSR) activities under the applicable provisions of
Section 135 read with Schedule VII of the Companies Act, 2013, as
amended from time to time and the Companies (Corporate Social

Responsibility Policy) Rules 2014. The Company has adopted
the CSR Policy which provides a broad framework with regard
to implementation of CSR activities carried out by the Company.
The CSR policy formulated by the Company is available on the
Company's website https://www.dollarglobal.in/wp-content/
UPloads/CORPORATE-SOCIAL-RESPONSIBILITY-POLICY.Pdf

The details of the CSR Committee has been provided in the
Corporate Governance Report as annexed to this Report and the
CSR activities are mentioned in the ‘Annual Report on CSR Activities'
is provided in Annexure - ‘H’ and is integral part of this Report.

PARTICULARS OF EMPLOYEES AND MANAGERIAL
REMUNERATION

The details regarding the remuneration of Directors, Key
Managerial Personnel (KMP), and other relevant information as
required under 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 provided in Annexure
- ‘I’, which forms an integral part of this Report.

In accordance with Section 136(1) of the Companies Act,
2013, the Directors' Report does not include the information
on employees' particulars as outlined in Section 197(12), read
with Rule 5(2) and 5(3) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014. However,
this information is available for inspection at the registered office
of the Company. Any member willing to inspect the same can
do so by sending a written request in advance to the Company
Secretary at investors@dollarglobal.in.

BUSINESS RESPONSIBILITY AND SUSTAINIBILITY
REPORT (BRSR)

Your Company has developed its Business Responsibility and
Sustainability Report (BRSR), incorporating the BRSR Core
Indicators, in accordance with the reporting guidelines prescribed
by SEBI for listed entities. These criteria have been formulated
based on the principles outlined in the National Guidelines on
Responsible Business Conduct (NGRBC), 2018. In accordance
with Regulation 34(2)(f) of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, and as per the
Master Circulars issued in July 2023 and November 2024,
the BRSR disclosures for f.y. 2024-25 form an integral part
of this Annual Report. The Company's performance on various
ESG parameters including Economic, Environment, Social and
Governance responsibilities are provided in Annexure - ‘J’ which
forms an integral part of this Report.

DISCLOSURE AS PER THE SEXUAL HARASSMENT OF
WOMEN AT WORKPLACE (PREVENTION, PROHIBITION
AND REDRESSAL) ACT, 2013

Your Company maintains a strict zero-tolerance approach
towards sexual harassment in the workplace. We are

committed to creating and sustaining a safe, respectful, and
inclusive work environment for all employees. In line with the
provisions of the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act, 2013 (POSH Act),
and the corresponding rules, your Company has implemented
a comprehensive Policy on the Prevention, Prohibition, and
Redressal of Sexual Harassment. This policy applies to all
employees, whether permanent, contractual, temporary, or
trainees, ensuring that every individual is protected and treated
with dignity and respect. We are dedicated to fostering a
culture of accountability and providing a supportive mechanism
for addressing any grievances related to sexual harassment.
The POSH policy is also placed on the Company's website at
https://www.dollarglobal.in/wp-content/uploads/POLICY-ON-
PREVENTION-OF-SEXUAL-HARRASSMANT-AT-WORKPLACE.pdf

During the year under review, no complaints with allegations of
sexual harassment were received by the Company.

The Company has complied with provisions relating to the
constitution of Internal Complaints Committee under the Sexual
Harassment of Women at Workplace (Prevention, Prohibition
and Redressal) Act, 2013.

WEBSITE

Your company's website, www.dollarglobal.in, features a
dedicated Investor Relations section that provides easy access
to key financial information, including the Financial Results,
Shareholding Pattern, Annual and Quarterly Reports, as well
as updates and intimations filed with the Stock Exchange(s). In
addition, it contains a comprehensive overview of the various
policies adopted by the Board.

The website also offers valuable details about the Company's
history, its business operations, and key personnel, including
the Board of Directors, Key Managerial Personnel, and Business
Heads. All this information is readily available to keep our
investors and stakeholders well-informed.

CODE OF CONDUCT FOR PREVENTION OF INSIDER TRADING

The Company has implemented a Code of Conduct in accordance
with the SEBI (Prohibition of Insider Trading) Regulations,
2015, to regulate, monitor, and report trading activities by
designated persons. This includes the procedures for dealing
in the Company's securities, as well as the disclosures required
under Regulation 8 of the SEBI (Prohibition of Insider Trading)
Regulations, 2015. Furthermore, the Board of Directors has
formally approved and adopted a comprehensive Code of
Practices and Procedures to ensure the fair disclosure of
unpublished price-sensitive information, aligning with the
regulatory requirements.

The code is applicable to Directors, KMPs, employees,
designated person, their relatives and other connected persons

of the Company; the aforesaid code of conduct for prevention
of insider trading is duly placed on the website of the Company
at www.dollarglobal.in.

In accordance with the Company's Internal Code of Conduct
for the Prevention of Insider Trading, as outlined under the
SEBI (Prohibition of Insider Trading) Regulations, 2015 (as
amended from time to time), the closure of the trading window
is communicated in advance to all designated persons. During
the closure period, Directors, Key Managerial Personnel
(KMPs), employees, designated persons, their relatives and
other connected individuals are prohibited from trading in the
Company's securities.

The Company has established and is actively maintaining a
Structured Digital Database in compliance with Regulation
3(5) of SEBI (Prohibition of Insider Trading) Regulations, 2015.
Additionally, throughout the year, the Company conducted
regular internal training sessions and awareness programs to
ensure that employees are well-informed and well-versed with
the Company's Insider Trading Policy, which has been formulated
in accordance with the SEBI (Prohibition of Insider Trading)
Regulations, 2015.

DISCLOSURES AS PER APPLICABLE PROVISIONS
OF COMPANIES ACT, 2013/LISTING AGREEMENT/
SEBI (LISTING OBLIGATIONS AND DISCLOSURE
REQUIREMENTS) REGULATIONS, 2015

i) Particulars of contract or arrangements with
related parties :

I n compliance with the provisions of the Companies
Act, 2013 and SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, prior approval of
the Audit Committee is obtained for each transaction
as proposed to be entered into by the Company with its
related parties.

A prior omnibus approval of the Audit Committee is obtained
on a yearly basis for the transactions which are foreseen
and repetitive in nature. All the transactions pursuant to
the omnibus approval so granted by the Audit Committee
and transactions which are not at arm's length and granted
by Board, is audited and a detailed quarterly statement of
all Related Party Transactions is placed before the Audit
Committee on quarterly basis for its review. The necessary
disclosures regarding the related party transactions are
given in the notes to accounts.

There were no materially significant related party transactions
with the Company's Promoters, Directors and others as
defined in section 2(76) of the Companies Act, 2013 and
Regulation 23 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 which may have potential
conflict of interest with the Company at large.

The policy on related party transactions as approved by
the Board is available on the Company's website at www.
dollarglobal.in.The Company obtains necessary approval
of the Audit Committee and Board of Directors were taken,
wherever required, in accordance with the aforesaid policy.

Pursuant to Regulation 34 (3) read with Schedule V of the
SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, disclosure of transactions of the
Company with its Promoter Group Company, holding more
than 10% of Equity Shares in the Company are provided
herein below:

ii) Number of Board of Director’s Meeting

The Board of Directors met 5 (Five) times during the
f.y. 2024-25. The details of the Board Meeting and
attendance of the Directors are provided in the Corporate
Governance Report are provided in Annexure - ‘B’ and
forms integral part of this Report.

iii) Composition of Audit Committee

The Board has constituted its Audit Committee in
accordance with the relevant provisions outlined in
the Companies Act, 2013, as well as the SEBI (Listing
Obligations and Disclosure Requirements) Regulations,
2015, ensuring compliance with all applicable statutory
and regulatory requirements.

The composition and other details of the Committee are
given in the Corporate Governance Report and provided in
Annexure - ‘B’ and forms integral part of this Report.

iv) Recommendation by Audit Committee

During the financial year under review, there was no instance
where the Board did not accept the recommendations put
forward by the Audit Committee.

v) Nomination and Remuneration Committee

The Board has constituted its Nomination and Remuneration
Committee in accordance with the relevant provisions
of the Companies Act, 2013, and the SEBI (Listing
Obligations and Disclosure Requirements) Regulations,
2015, ensuring compliance with all applicable statutory
and regulatory requirements.

The composition and other details of the Committee are
given in the Corporate Governance Report are provided in
Annexure - ‘B’ and forms integral part of this Report.

vi) Stakeholders Relationship Committee

The Stakeholders' Relationship Committee as constituted
by the Board, in accordance with the relevant provisions of
the Companies Act, 2013 and SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, is functioning
to ensure effective communication and address the concerns
of stakeholders in a timely and transparent manner.

The composition and other details of the Committee are
given in the Corporate Governance Report are provided in
Annexure - ‘B’ and forms integral part of this Report.

vii) Risk Management Committee

The Board has constituted its Risk Management Committee
in accordance with the relevant provisions of the Companies
Act, 2013, and the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, to ensure effective
identification, assessment, and management of potential
risks that could impact the Company's operations, financial
stability and overall strategic objectives.

The composition and other details of the Committee are
given in the Corporate Governance Report are provided in
Annexure - ‘B’ and forms integral part of this Report.

viii) Corporate Social Responsibility Committee

The Board has established the Corporate Social
Responsibility (CSR) Committee in accordance with the
relevant provisions of the Companies Act, 2013, to oversee
and implement the company's CSR initiatives and ensure
compliance with applicable laws and regulations.

The composition and other details of the Committee are
given in the Corporate Governance Report are provided in
Annexure - ‘B’ and forms integral part of this Report.

ix) Management and Finance Committee

The Board has constituted Management and Finance
Committee to exercise some of its powers as and when
and to the extent delegated to the Committee.

The composition and other details of the Committee are
given in the Corporate Governance Report are provided in
Annexure - ‘B’ and forms integral part of this Report.

x) Share Transfer Committee

The Board has constituted its Share Transfer Committee
to exercise the powers as delegated to it periodically. The
Committee is responsible for overseeing various share
transfer functions, including but not limited to, the processes
of dematerialization, transmission and other related activities.

The composition and other details of the Committee are
given in the Corporate Governance Report are provided in
Annexure - ‘B’ and forms integral part of this Report.

xi) Risk Analysis

The Company has established a comprehensive risk
management framework that includes regular audits and
checks designed to identify, assess, mitigate, monitor, and
report risks inherent in its business operations. Identified
key risks are continuously managed by the relevant process
owners, who implement ongoing risk mitigation strategies
to address and minimize potential impacts.

xii) Extracts of Annual Return

Pursuant to Section 92 of the Companies Act, 2013 and
amendments thereof and in compliance of the Companies
(Amendment) Act, 2017, the draft Annual Return for
f.y. 2024-25 is placed on the Company's website https://
www.dollarglobal.in/wp-content/uploads/DIL MGT-7 24-
25.pdff

The aforementioned Annual Return may undergo changes,
alterations, or modifications as necessary following the
adoption of the Directors' Report by the Shareholders at
the 32^nd Annual General Meeting, as well as the receipt
of the Certificate from the Practising Company Secretary
(PCS). Shareholders acknowledge and authorize the Board/
Company to make these adjustments. Furthermore, the
final version of the Annual Return, once filed with the
Ministry of Corporate Affairs, will be made available on the
Company's website.

xiii) Internal Financial Control

The Company has in place adequate Internal Financial
Control System as required under section 134(5)(e) of
the Companies Act 2013. The system covers all major
processes including operations, to ensure reliability of
financial reporting, compliance with policies, procedures,
laws and regulations, safeguarding of assets and
economical and efficient use of resources. During the year
under review such controls were tested with reference to
financial statements and no reportable material weakness
in the formulation or operations were observed.

The Audit Committee periodically reviewed and took
suitable measures for any observation or recommendation
suggested by the internal auditors on the efficacy and
adequacy of the Internal Financial Control.

xiv) Disclosure relating to material deviations/
variations

In terms of Regulation 32(1) of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015, the
Company has not observed any material deviations or
variances in its operations. Additionally, the Company has
not conducted any public issue, rights issue, or preferential
issue during the year under review.

xv) Loans, Guarantees and Investments

During the year under review, the Company strategically
invested and deployed its surplus funds in shares and
securities, adhering to the prescribed limits and within
the powers granted to the Board under Section 179 and
Section 186 of the Companies Act, 2013.

All details pertaining to such loans, guarantees, and
investments have been duly recorded in the register
maintained for this purpose and are further disclosed in
the notes to the financial statements.

xvi) Material changes and commitments, if any,
affecting the financial position between the end
of the financial year and date of the report

There have been no significant changes to the financial
position of the Company between the closure of the
financial year and the date of this report.

xvii) Subsidiaries, Associates or Joint Ventures

The Company's Consolidated Financial Statements, as
prepared and presented, encompass the financial results of
its its Subsidiary viz. Dollar Garments Private Limited along
with its Joint Venture viz Pepe Jeans Innerfashion Private
Limited (JV Co). These statements have been compiled in
full compliance with the relevant Accounting Standards.

xviii) Evaluation of the Board’s performance

I n accordance with the provisions of Section 134, 178,
and Schedule IV of the Companies Act, 2013, as well
as Regulation 17 of the SEBI (Listing Obligations &
Disclosure Requirements) Regulations, 2015, the Board
has implemented a formal mechanism to evaluate its
own performance, as well as that of its Committees
and individual Directors. This evaluation process has
been structured to assess various facets of the Board's
functioning, including the composition of the Board and
its Committees, the effectiveness of Board processes,
the quality and flow of information, the experience and
competencies of its members, the performance of
specific duties and obligations, and overall governance
practices. Additionally, a separate assessment was
conducted to evaluate the performance of individual
Directors, based on a comprehensive questionnaire. The
criteria in this questionnaire covered aspects such as the
level of participation, independent judgment exercised,
understanding of the Company's business, and overall
contribution to the Board's objectives.

The evaluation of the Independent Directors was conducted
by the full Board, excluding the Director being evaluated.
Meanwhile, the evaluation of the Non-Independent
Directors was carried out by the Independent Directors
during their separate meeting held on 12^th February, 2025.

The results of the performance evaluation, conducted in
accordance with the above-mentioned mechanism, were
found to be satisfactory. This outcome also highlighted
the strong commitment of the Board members and their
respective Committees to the Company's success and
overall governance.

xix) Nomination, Remuneration and Evaluation Policy

The Company, upon the recommendation of its Nomination
and Remuneration Committee, has established a
Nomination, Remuneration, and Evaluation Policy. This
policy is in line with the provisions of Section 178 of the
Companies Act, 2013, and the Rules framed thereunder,
as well as Regulation 19 along with Part D of Schedule II of
the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, and the Listing Agreement entered into
with the Stock Exchanges (as amended from time to time).
The policy outlines, among other aspects, the criteria for
the appointment and remuneration of Directors, including
the determination of qualifications, positive attributes, and
the independence of Directors, among other key factors.

This policy is formulated to provide a framework and set
standards in relation to the following and details on the
same are given in the Corporate Governance Report are
provided in Annexure - ‘B’ and forms integral part of
this Report:

a. Criteria for appointment and removal of Directors, Key
Managerial Personnel (KMP) and Senior Management
Executives of the Company;

b. Remuneration in any form payable to the Directors,
KMPs and Senior Management Executives;

c. Evaluation of the performance of the Directors;

d. Criteria for determining qualifications, positive
attributes and independence of a Director

xx) Vigil Mechanism

In accordance with Section 177(9) of the Companies Act,
2013, and Regulation 22 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015, the
Company has established a Vigil Mechanism to provide a
platform for Directors and employees to report any genuine
concerns to the management. These concerns may include
instances of unethical behaviour, suspected or actual
fraud, or violations of the Company's Code of Conduct or
Ethics Policy.

This policy encourages employees, as well as other
stakeholders engaged in transactions with the Company,
to report any unethical or improper practices they observe
within the organization. The Company is committed to
conducting its affairs with the highest levels of fairness,

transparency, professionalism, honesty, integrity, and
ethical behaviour.

In line with the requirements of the Companies Act,
2013, and the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, the Company has
implemented the Whistleblower Policy to empower all
employees and Directors to raise concerns regarding any
violations of the Code of Ethics. Under this policy, Directors
and employees are encouraged to escalate any issues or
concerns that could potentially harm the interests of the
Company or its stakeholders to the Audit Committee.

The Company is dedicated to maintaining the highest
standards of ethical, moral, and legal business conduct,
promoting open communication, and ensuring the
necessary safeguards are in place to protect Directors,
employees, or any other individual utilizing the mechanism.
This protection includes safeguarding them from retaliation
or victimization when reporting concerns in good faith.

Details of establishment of the Vigil Mechanism Policy is
available on the Company's website at www.dollarglobal.in and
also set out in the Corporate Governance Report are provided
in Annexure - ‘B’ and forms integral part of this Report.

xxi) Cost Records and Cost Audit

In accordance with Section 148(1) of the Companies Act,
2013, and the Rules prescribed thereunder, the Company
is obligated to maintain cost records as specified by
the Central Government. As a result, the necessary
accounts and records have been duly maintained. Upon
the recommendation of the Audit Committee, the Board
of Directors has re-appointed M/s. Pranab Chakrabarty
& Associates, Cost Accountants (Firm Registration No.:
000803) as the Cost Auditors for the f.y. 2025-26. The
Board has also proposed the remuneration payable to the
Cost Auditor, which is subject to ratification at the ensuing
Annual General Meeting.

SECRETARIAL STANDARDS

The Company is compliant with all the mandatory secretarial
standards as issued by the Institute of Company Secretaries of
India. (ICSI)

INDUSTRIAL RELATIONS

The industrial relations during the fiscal year 2024-25 have
remained positive and collaborative. The Directors wish to
acknowledge and appreciate the unwavering support extended
by its agents, dealers, and suppliers. Additionally, they commend
the significant contributions made by the senior management
team, officers, employees, and workers, whose dedication and
hard work have been instrumental in driving the overall growth
and development of the Company.

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

There has been no significant and material orders passed by
regulators or courts or tribunals impacting going concern status
and Company's operations in future.

ACKNOWLEDGEMENT

The Directors would like to convey their sincere gratitude for the
invaluable support and collaboration extended to the Company
by its diverse stakeholders, including financial institutions,
banks, government agencies, and business partners. We are
equally thankful for the encouragement and trust shown by our
esteemed shareholders.

Additionally, the Directors wish to express their profound
appreciation for the dedication, professionalism, and unwavering
commitment demonstrated by our employees at every level,
whose hard work and enthusiasm have significantly contributed
to the Company's success throughout the year.

Registered Office:

Om Tower, 15^th floor, By order of the Board of Directors

32, J. L. Nehru Road, For Dollar Industries Limited

Kolkata - 700 071

Sd/- Sd/-

Vinod Kumar Gupta Krishan Kumar Gupta

Date: 14^th May, 2025 Managing Director Whole-time Director

Place: Kolkata (DIN: 00877949) (DIN: 01982914)