Dear Shareholders,

Your Board of Directors has pleasure in presenting the 44^th Annual Report on the business & operations of the Company together with the Audited Statements of Financial Accounts for the year ended 31^st March, 2025. FINANCIAL RESULTS

During the year under review, the Company has achieved Net Sales of Rs.4014.35 crores as against Rs.3677.77 crores in the previous financial year registering growth of 9%. The EBITDA for the year was Rs.544.99 crores as against Rs.556.43 crores in the previous year. After providing for interest, depreciation and tax, the Profit after Tax of the Company grew by 2% from Rs.348.17 crores to Rs.355.45 crores resulting an EPS of Rs.19.85. EBITDA and PAT in the previous financial year included profit of Rs.37 crores from sale of some assets.

During the year the Company has achieved its highest ever sales volume of 9.78 lakhs tonnes registering growth of ~14% over the last fiscal. Further, the Company is pleased to inform that on 15^th February, 2025, the Company had started the coal extraction and despatches from its Bhaskarpara Coal mine to its integrated steel plant. During the period, the Company extracted 76,351 MT of coal from the mine.

The Company is likely to achieve the coal extraction target of ~1 million tonnes in the very first full year of its operation i.e. FY2025-2026. The supplies of coal from the mine shall result in substantial cost reductions and lead to higher efficiencies in the plant operations. As such, the Company is likely to achieve steel production of over 1 million tonnes in this year.

After a thorough evaluation of the financial performance for the year ending 31^st March, 2025, the Board has proposed a dividend of Rs.1.50 per Equity Share of Rs.10 each. This decision reflects our commitment to delivering value to our shareholders while maintaining prudent financial management. Additionally, we have established a comprehensive Dividend Distribution Policy, accessible on our Company website at www.prakash.com outlining our approach to dividend distribution and shareholder returns.

The Company has always prioritized the Environmental Protection and Sustainable Development as its highest responsibility and has placed significant emphasis on environmental, legal, and regulatory obligations, Corporate Social Responsibility (CSR), delivery of quality products, and ensuring healthy and safe workplace for all employees &stake holders. The Company is dedicated to address all environmental, quality, safety, and social issues through its Integrated Management System (IMS) Policy and ensuring its effective implementation and compliance at all levels in its operations. The IMS policy of the Company is designed with a comprehensive and organized approach aimed at achieving goal of sustainable advancement of the organization. Environmental considerations are integrated into all business decisions and processes from the design phase itself. The Company is committed to enhance its environmental performance by reducing its ecological footprint through regular assessments of its Environmental policy and accordingly taken necessary initiatives for a cleaner environment, including up- gradation of the equipments with the latest environmental protection technologies.

In addition to adhering to all relevant environmental regulations, the Company has implemented the following initiatives to achieve a clean and sustainable environment:

• implementation of Iso-14001 as part of the IMS policy

• Strictly following environmental regulations.

• Installation of latest technology Pollution Control Systems to effectively control Air and Water Pollution.

• Implementation of cleaner technologies to minimize fuel and water usage in plant operations while achieving Zero Liquid Discharge (ZLD) status.

• To conserve natural resources, Coal char produced from the Sponge Iron Plant is utilized as fuel in the Captive Power Plant. Additionally, metals recovered from waste slag are reused and recycled in steel production to save natural resources and energy. Other waste materials from the Sponge Iron Division, such as Cooler Oversize and Accretion Material, are also used as Raw Material in the SAF Division to further conserve the natural resources.

• Proper handling of hazardous waste, solid waste, biomedical waste, battery waste and e-waste through licensed recyclers in accordance with CPCB regulations.

• Ensurance of proper insulation on the ESP and duct lines to minimize energy loss and heat losses.

• Installation and successful operations of Online Continuous Emission and Effluent Monitoring Systems.

• A comprehensive green belt development planned both inside and outside the factory premises to promote a clean and green environment around the plant.

• Regular Environment and Safety audit and monitoring is being done by environment and safety team.

• Bag filters with latest technologies are in place to control emissions within statutory norms along with regular replacements of filter bags to improve efficiency of the Bag filters.

• Celebration of Earth Day, Ozone Day, and World Environment Day for awareness amongst the employees.

• Company organises various training and awareness program on Environment on regular basis for all employees to enhance the awareness on environment and to develop a clean work environment and sustainable place to work.

• Various competitions like Poster slogan and various fun activities are organized on national Safety Day and

World environment day celebration to ensure participation of all employees & awareness.

"SAFETY" has always been the Company's top priority in all aspects of its operations. By effectively implementing the IMS Policy, providing all safety PPE and Gadgets, ensuring safe working conditions and practices in the operations, the Company is dedicated to providing a safe and healthy work environment to ensure the safety of its employees, contractors, visitors & all stake holders.

In compliance with ISO 45001, the Company has created Safety Standards, SOPs, Safety Manual systems, and procedures that address occupational health, employee safety emergency preparedness and hygiene.

Through employees involvement, capability building, integration of safety management systems and Emergency Preparedness Planning, the Company seeks to enhance health, hygiene and safety standards to eliminate potential hazards and to ensure the safe and healthy work environment.

The Company has a well-organised system in place for reviewing safety policies, goals, and targets on a regular basis, in order to make continuous improvements through proactive approach and remedial measures towards safety, Health and Hygiene.

A few of the actions taken by the Company to ensure the desired safety in the plant included the following:

• Regular evaluation of safety protocols, aims, and goals for enhancements of safety standards through corrective and preventive actions.

• Providing a safe and healthy workplace by implementing a "Zero Accident" policy.

• Providing suitable personal protective equipments to employees, contractors, visitors & other stake holders.

• Supplied fire fighting equipment, fire hydrant systems, fire tenders, and also ensured a skilled fire fighting team in the Plant to manage crises.

• Achieved the highest safety standards and best industrial practices while adhering to the requirements of the applicable laws.

• Regular Safety Induction Training and Work-related Safety Training to all employees and contractor personnel consistently by tool box talks and shop floor training.

• Company has established the well equipped

Occupational Health Centre with qualified Doctors, Nursing Staff, Radiologist, Pathologist and well equipped Lab for providing the best medical facilities to its employees, contractors & stake holders.

• The Regular Medical check up of all employees including Contractors are being done in the Occupational Health Center of the Company.

• Testing of pressure vessels and lifting tools as per statutory requirements.

• Ensuring the Use of Appropriate PPE and Safe work practice be all employees.

• Conducting the training and tool box talk apart from the Safe work practice and SOPs in all divisions.

• Regular Safety and Environment Audit are organised to ensure that all safety and environment policy and procedures are being implemented.

• Safety day celebration including fun games like Safety Snake and Ladder game, Nukad Naatak is also organised for all employees and awarding them as safety hero, Best safety model & Best safe working area to motivate them towards safety.

• Celebration of National Safety Day and promoting various activities like Poster making, slogans and drawing competitions, Plant model preparation etc. to ensure their active involvement.

Since the conclusion of the financial year on 31^st March 2025, there have been no material changes or commitments that would significantly affect the Company's financial position. No substantial adjustments to assets, liabilities, or financial obligations have been recorded during this period.

We further confirm that there has been no alteration to the fundamental nature of the Company's operations. This continuity reflects the strength and resilience of our business model and reinforces our ongoing commitment to delivering consistent value and reliability to our stakeholders.

During the reporting period, no significant or material orders were passed by any regulatory authority or court that could adversely affect the Company's going concern status or future operations. This reflects the stability and predictability of the regulatory framework governing the Company's activities, offering a positive outlook for its ongoing business prospects. The Company remains steadfast in its commitment to regulatory compliance and in safeguarding the long-term sustainability of its operations.

The Company's policy for determining material subsidiaries is readily accessible for stakeholders and interested parties at www.prakash.com.

During the financial year ended 31^st March, 2025 the Company had not carried any amount to any reserve from its Profit & Loss account.

Pursuant to applicable provisions of the Companies Act, 2013 ("Act") read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 ("IEPF Rules") the Company transferred an amount of Rs.9,58,462.80 to the IEPF in respect of dividends pertaining to 9,98,399 equity shares that had already been transferred to the IEPF. CORPORATE SOCIAL RESPONSIBILITY AND GOVERNANCE COMMITTEE

The Company upholds a strong commitment to sustainable community development, recognizing it as a key driver in fostering harmony between industries and the communities in which they operate. In alignment with the Companies (Corporate Social Responsibility Policy) Rules, 2014, CSR is deeply integrated into the Company's vision and policy framework. With a particular focus on supporting underprivileged and vulnerable populations, the Company implements a wide range of initiatives in the areas of socio-economic development, education and healthcare.

A significant portion of the Company's CSR outlay is allocated to ISKCON, a organization dedicated to addressing food insecurity among marginalized communities. ISKCON utilizes the funds primarily to provide meals to individuals and families in need, thereby directly contributing to improved health and well-being. Other CSR activities are meticulously planned, executed, and overseen by designated committees or the Board to ensure strategic alignment with both regulatory requirements and community-specific needs. Through these concerted efforts, the Company strives to make a lasting and meaningful impact on society, promoting inclusive and sustainable development.

These diverse and well-structured initiatives reaffirm the Company's unwavering commitment to corporate social responsibility and its strategic focus on delivering sustainable, long-term benefits to the communities it engages with.

To ensure effective governance and oversight, the Company has constituted a dedicated Board-level Corporate Social Responsibility (CSR) Committee. This Committee is entrusted with formulating, monitoring, and guiding the execution of CSR strategies in line with applicable statutory provisions and the Company's broader sustainability vision. Comprehensive details regarding the composition of this Committee, along with records of its meetings, are provided in the Corporate Governance Report, which forms an integral part of this Annual Report.

In addition, the Company's CSR Policy-detailing its objectives, focus areas, and implementation framework-is publicly available on the Company's website at www.prakash.com, ensuring transparency and account ability.

A detailed account of the Company's CSR activities, outcomes and financial contributions is presented in Annexure I of this Report, offering stakeholders a clear and holistic view of the impact and reach of the Company's social initiatives.

During the financial year, a structured and formal evaluation of the performance of the Board, its Committees and individual Directors was carried out in accordance with the applicable provisions of the Companies Act, 2013, the Rules framed thereunder and the corporate governance standards outlined in Regulation 17 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The evaluation process was also guided by the principles and best practices articulated in SEBI's Guidance Note on Board Evaluation and relevant circulars.

As part of this process, separate meetings of the Independent Directors were convened to undertake a critical assessment of the performance of Nonindependent Directors, the Board as a collective body and the functioning of its various Committees. The performance of the Chairman was also evaluated independently, incorporating feedback from Executive Directors.

The evaluation encompassed parameters such as strategic leadership, board dynamics, quality of deliberations, adherence to fiduciary duties and the effectiveness of governance oversight. This rigorous and transparent review mechanism reflects the Company's commitment to strengthening board performance, promoting continuous improvement and reinforcing the highest standards of corporate governance.

During the financial year 2024-25, a structured record of all Board Meetings and Committee Meetings convened was maintained, detailing the dates of each meeting along with the attendance of every Director. This information has been systematically compiled and presented in the Corporate Governance Report, which forms an integral part of the Annual Report. The document not only outlines the frequency and conduct of meetings but also reflects the Directors' commitment to fulfilling their fiduciary and oversight responsibilities.

The Corporate Governance Report serves as an important reference point, offering stakeholders clear insights into the functioning and governance practices of the Board and its Committees. It captures essential information such as quorum management, agenda-setting processes, deliberations undertaken, decision-making procedures and the manner in which governance responsibilities have been discharged throughout the year.

By transparently disclosing attendance records and meeting details, the Company underscores its unwavering commitment to principles of sound corporate governance, accountability, and responsible leadership. Such disclosures also demonstrate the active engagement of the Board in strategic oversight, risk management, and ensuring that the interests of all stakeholders are effectively safeguarded.

Stakeholders are encouraged to refer to the Corporate Governance Report for a comprehensive account of the Board's performance, governance structures and the Company's continuous efforts to uphold and strengthen the principles of good corporate governance. DECLARATION BY INDEPENDENT DIRECTORS In accordance with the provisions of Section 149(7) of the Companies Act, 2013, read with Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014, as well as Regulation 25(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has duly obtained formal declarations and confirmations from all its Independent Directors. These declarations explicitly affirm that each Independent Director continues to meet the prescribed criteria of independence as defined under the applicable laws and regulatory frameworks.

The confirmations further underscore the Directors' integrity, objectivity, and continued commitment to upholding the highest standards of ethical conduct and corporate governance. In addition to statutory compliance, these declarations also reflect the Company's proactive approach toward ensuring that its Board composition remains balanced, unbiased and fully aligned with the evolving expectations of shareholders and other stakeholders.

All such disclosures have been duly reviewed and noted by the Board and form part of the Board's continuous monitoring process to ensure that the independence and effectiveness of the Independent Directors are maintained without compromise. This reinforces the Company's emphasis on transparency, board accountability, and adherence to globally benchmarked governance practices.

In line with Regulation 25(7) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has diligently implemented a robust Familiarization Programme designed to provide Independent Directors with comprehensive insights into various facets of the Company's operations, governance structure and the broader industry landscape. This initiative ensures that Independent Directors are thoroughly acquainted with the Company's roles, rights and responsibilities as well as the specific regulatory environment in which the Company operates, including key updates from the Companies Act, 2013 and relevant SEBI regulations.

The program covers essential areas such as the Company's coal mining operations, steel plant activities and other critical business segments, alongside the latest regulatory changes that impact corporate governance. This includes familiarization with the regulatory updates under the Companies Act, 2013 and the evolving requirements under SEBI's corporate governance norms. The sessions focus on enhancing Directors' understanding of the Company's operational strategies, industry trends and the strategic goals within its respective sectors.

By providing in-depth exposure to the coal and steel industriesalong with the operational nuances of eachthe programme ensures that Independent Directors are well- equipped to effectively oversee the Company's strategies and operations. The goal is to empower them to contribute meaningfully to governance processes, while keeping pace with regulatory developments and industry-specific dynamics.

The details of the familiarization sessions conducted during the year are made available on the Company's website for stakeholder reference at www.prakash.com. This initiative underscores the Company's ongoing commitment to upholding strong governance practices by ensuring that Independent Directors are well-versed in both operational intricacies and regulatory requirements, thereby enhancing their ability to offer informed advice and robust oversight.

As per the provisions outlined in Section 203 of the Companies Act, 2013, the following individuals serve as the Key Managerial Personnel (KMP) of the Company:

i) Shri Vikram Agarwal, Managing Director

ii) Shri Deepak Mishra, Chief Financial Officer

iii) Shri Arvind Mahla, Company Secretary

In accordance with the provisions of the Companies Act, 2013 and Articles of Association of the Company, Shri Vikram Agarwal retires by rotation at the ensuing Annual General Meeting and being eligible, offers himself for reappointment.

During the year, Shri Harsh Vardhan Agarwal was appointed as Independent Director of the Company, effective from 1^st April, 2024.

Smt. Purnima Gupta, Independent Director of the Company, concluded her tenure as Independent Director effective from the close of business hours on 31^st March, 2024, upon completing her second term of five years on the Board.

Shri Sunil Kumar, Independent Director of the Company, concluded his tenure as Independent Director effective from the close of business hours on 03^rd February, 2025, upon completing his second term of five years on the Board.

The Committees of the Board of Directors have been duly constituted in accordance with the provisions of the Companies Act, 2013, and the applicable rules framed thereunder. Additionally, the composition and functioning of these Committees fully comply with the requirements prescribed under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time. Each Committee operates within the defined scope and terms of reference approved by the Board, ensuring effective oversight and governance in key functional areas such as audit, nomination and remuneration, risk management, corporate social responsibility and governess and stakeholders relationship. Regular meetings of these Committees are held to deliberate on matters falling within their purview, and their recommendations are placed before the Board for its consideration and approval, wherever required. DEPOSITS

During the year under review, the Company has not accepted any deposits.

In compliance with Section 134(5) of the Companies Act, 2013, the Board of Directors affirms, to the best of their knowledge and ability, the following: i. The annual accounts have been prepared adhering to the relevant standards without any material departures.

II. The selection and consistent application of accounting policies have been undertaken diligently, coupled with prudent judgments and reasonable estimates, to ensure an accurate portrayal of the Company's financial position and performance.

III. Adequate measures have been taken for the meticulous maintenance of accounting records in accordance with statutory provisions, aimed at safeguarding the Company's assets and detecting and preventing any instances of fraud or irregularities.

IV. The accounts have been prepared on the premise of the Company's ability to continue its operations in the foresee able future, reflecting a going concern basis.

V. The Board has established internal financial controls that are deemed sufficient and effective in ensuring the integrity of financial reporting and the protection of assets.

VI. Proper systems have been devised to ensure compliance with all applicable laws, and these systems are considered adequate and operational. STANDALONEACCOUNTS

The Standalone financial statements for the year ended 31^st March, 2025 have been meticulously prepared in strict adherence to Indian Accounting Standards (Ind AS) as prescribed under the Companies (Indian Accounting Standards) Rules, 2015. These statements encompass comprehensive data for the reporting period, along with comparative data for the corresponding period as at 31^st March, 2024, ensuring consistency and enabling stakeholders to assess the Company's financial performance and position effectively.

The Board of Directors has duly appointed M/s Chaturvedi & Co. LLP, Chartered Accountants, (FRN:302137E/E300286) as the Statutory Auditors of the Company for a tenure of five years, commencing from the 40^th Annual General Meeting of the Company, up to the conclusion of the 45^th Annual General Meeting of the Company.

The Auditors in their Report to the members, have given one qualification and the explanation of Board with respect to it in pursuant to section 134(3) (f) of Companies Act, 2013 are as follows:

• The net deferred tax liability computed in terms of Ind AS-12 "Income Tax" amounting to Rs.3146 lakhs has been adjusted against Securities Premium Account. This has been in terms of Hon'ble Punjab & Haryana High Court order dated 23^rd August, 2007.

In compliance with the provisions of Section 204 of the Companies Act, 2013, read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company has appointed Shri Bhoopendra Kumar Bohra, Practicing Company Secretary [ACS No. 62344, CP No. 23511], to undertake the Secretarial Audit for the financial year 2024-25.

The Secretarial Audit Report issued by Shri Bhoopendra Kumar Bohra, Practicing Company Secretary, confirms that during the financial year under review, the Company has complied with all applicable secretarial standards and legal provisions. The report does not contain any qualification, reservation, or adverse remark. It forms an integral part of this Annual Report and is annexed herewith as Annexure 2. Further, In compliance with the provisions of Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors, at its meeting held on 23^rd May, 2025, subject to the approval of the shareholders, appointed Shri Bhoopendra Kumar Bohra, Practicing Company Secretary (ACS No. 62344, CP No. 23511), as the Secretarial Auditor of the Company for a term of five consecutive financial years commencing from the financial year 2025-26.

In accordance with the provisions of Section 148(1) of the Companies Act, 2013, read with the Companies (Cost Records and Audit) Rules, 2014, the Company has duly maintained cost records as prescribed by the Central Government. These records are meticulously prepared and maintained to ensure accurate cost accounting and full regulatory compliance.

Pursuant to the recommendation of the Audit Committee and in line with the Company's governance practice and statutory adherence, the Board of Directors, at its meeting held on 23^rd May 2025, approved the appointment of M/s. Rakshit & Associates, Cost & Management Accountants (Firm Registration No. 101951), as the Cost Auditors of the Company for the Financial Year 2025-26 to conduct the audit of cost records.

Further, as required under the provisions of Section 148(3) of the Companies Act, 2013, a resolution seeking ratification of the remuneration payable to the Cost Auditors has been included in the Notice convening the 44^th Annual General Meeting of the Company for approval by the shareholders, thereby reinforcing transparency and stakeholder engagement in the governance process.

During the financial year 2024-25, the authorized capital

and paid-up capital structure of the Company remained

unchanged.

The details regarding loans, guarantees, investments made, and securities provided by the Company, if any, are comprehensively disclosed in the notes accompanying the financial statements within the Annual Report. This disclosure is in accordance with the provisions stipulated under Section 186 of the Companies Act, 2013.

During the financial year 2024-25, all Related Party Transactions undertaken by the Company were carried out in the ordinary course of business and on an arm's length basis. These transactions were in full compliance with the applicable provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"). The Company did not enter into any materially significant Related Party Transactions with its Promoters, Directors, Key Managerial Personnel or other related parties which could have a potential conflict with the interests of the Company at large.

All related party transactions were duly reviewed and approved by the Audit Committee and wherever applicable, by the Board of Directors. For transactions of a repetitive nature, omnibus approval was obtained from the Audit Committee, as permitted under the Listing Regulations. A comprehensive statement of related party transactions, including the nature, terms, and conditions of each transaction, was placed before the Audit Committee on a quarterly basis for its review.

In line with the Company's commitment to transparency and good governance, the Policy on Materiality of Related Party Transactions and on dealing with Related Party Transactions is available on the Company's official website at www.prakash.com .

Further, in compliance with the provisions of Section 134(3)(h) of the Companies Act, 2013 read with Rule 8(2) of the Companies (Accounts) Rules, 2014, and Regulation 34(3) and 53(f), Para A of Schedule V of the SEBI Listing Regulations, the requisite disclosure of Related Party Transactions is annexed herewith as Annexure 3.

VIGIL MECHANISM AND WHISTLE BLOWER POLICY In compliance with the provisions of Section 177(9) and 177(10) of the Companies Act, 2013 and Regulation 22 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has established a robust Vigil Mechanism, supported by a comprehensive Whistleblower Policy. This framework is designed to provide a secure and confidential channel for

Directors, employees and other stakeholders to report genuine concerns about unethical practices, fraud, financial irregularities or any other form of misconduct.

The Vigil Mechanism aims to promote a culture of openness, integrity and accountability across all levels of the organization. It ensures that individuals can raise concerns in good faith without fear of retaliation, victimization or discrimination. The Policy outlines a structured process for handling such disclosures, ensuring that all concerns are investigated promptly, thoroughly and impartially.

To uphold transparency and ensure easy access, the Vigil Mechanism and Whistleblower Policy are available on the Company's official website at www.prakash.com. NOMINATION AND REMUNERATION POLICY The Company has constituted a Nomination and Remuneration Committee in accordance with the provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Committee comprises only NonExecutive and Independent Directors, ensuring objectivity and independence in decision-making.

During the financial year, the Nomination and Remuneration Committee convened to discuss and decide on critical matters pertaining to the appointment, remuneration and performance evaluation of Directors, Key Managerial Personnel and senior management. Comprehensive details regarding the number of meetings held and the attendance record of each Committee member are presented in the Corporate Governance Report, which forms an integral part of this Annual Report. The Board of Directors has also adopted a Nomination and Remuneration Policy to guide the Committee in its responsibilities. This policy outlines the criteria for selection and evaluation of Directors and senior management and the framework for determining their remuneration. The policy is available on the Company's official website at www.prakash.com.

In accordance with the provisions of Section 197(12) of the Companies Act, 2013, read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the requisite disclosures pertaining to the remuneration of Directors, Key Managerial Personnel and other employees are provided in Annexure 4 to this Report.

Further, pursuant to the stipulations under Section 197(12) of the Companies Act, 2013, read with Rules 5(2) and 5(3) of the aforementioned Rules, a separate statement containing the names and other particulars of employees who were in receipt of remuneration exceeding the prescribed limits during the financial year is appended as Annexure 4A to this Annual Report.

The Company has constituted a dedicated Risk Management Committee to identify, assess and mitigate various risks associated with its business operations. The Committee proactively evaluates risks related to plant operations and maintenance, financial exposures, regulatory compliance and other organizational aspects. These risks are systematically reviewed and monitored on an ongoing basis to enable timely and effective risk mitigation measures.

The Company's internal control framework is designed to ensure the integrity of financial reporting, operational efficiency and compliance with applicable laws, regulations and internal policies. It includes well-defined Internal Financial Controls that are periodically reviewed and updated to align with the Company's expanding scale of operations and increasing business complexity. Comprehensive details regarding the internal control environment, its effectiveness and risk mitigation initiatives are provided in the Management Discussion and Analysis Report, which forms an integral part of this Annual Report.

The draft Annual Return, as mandated by Section 92(3) and Section 134(3)(a) of the Act, has been made available on the Company's website at www.prakash.com.

The Company has a comprehensive Policy on Prevention, Prohibition and Redressal of Sexual Harassment of Women at the Workplace, in accordance with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. This policy outlines the framework for addressing issues related to sexual harassment and is designed to ensure a safe, respectfuland inclusive work environment for all employees, regardless of gender.

The policy is widely disseminated and readily accessible to all employees and stakeholders through the Company's official website at www.prakash.com.lt provides a clear mechanism for lodging complaints and ensures fair and impartial inquiry procedures, while also emphasizing prevention through awareness and sensitization initiatives.

During the financial year 2024-25, the Company did not receive any complaint under this policy. This reflects the effectiveness of the Company's preventive measures and its continued commitment to upholding a culture of dignity, respect and zero tolerance towards any form of harassment in the workplace.

DISCLOSURE REQUIREMENTS In compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Corporate Governance Report, along with the Certificate issued by the Practising Company Secretary on compliance with Corporate Governance norms and the Management Discussion and Analysis Report are annexed to this Annual Report as Annexures 5, 5A, 5B, and 5C, respectively.

The Company has instituted robust internal systems and processes to ensure adherence to all applicable Secretarial Standards issued by the Institute of Company Secretaries of India (ICSl). These systems have been thoughtfully structured are considered adequate and are effectively functioning to maintain the highest standards of corporate governance, transparency and regulatory compliance across the organization.

In accordance with Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Business Responsibility and Sustainability Report (BRSR) forms an integral part of this Annual Report. The BRSR provides a comprehensive overview of the Company's environmental, social and governance (ESG) initiatives, reflecting its commitment to responsible and sustainable business practices.

The report highlights the Company's efforts towards sustainability, stakeholder engagement, ethical conduct and long-term value creation. It reinforces the Company's dedication to transparency, accountability and aligning its operations with globally recognized ESG principles. The BRSR is annexed herewith as Annexure 6.

In accordance with the requirements of the Companies Act, 2013, the detailed particulars relating to the conservation of energy, technology absorption, research and development activities, as well as foreign exchange earnings and outgo are annexed hereto as Annexure 7. This comprehensive disclosure highlights the Company's ongoing commitment to sustainable practices, continuous innovation and effective management of technology. It also reflects our proactive approach to enhancing operational efficiency while engaging with global markets through prudent foreign exchange management. ACKNOWLEDGMENTS

Your Directors wish to express their sincere and heartfelt gratitude to all stakeholders, including our dedicated employees, trusted business partners and the Company's bankers, for their unwavering support, steadfast commitment and invaluable cooperation throughout the financial year 2024-25. Their collective efforts have played a pivotal role in enabling the Company to navigate challenges and capitalize on opportunities for sustainable growth.

We also extend our deepest appreciation to our esteemed investors for the continued confidence and trust they have reposed in the Company. This faith serves as a strong foundation that motivates us to consistently pursue our strategic objectives with integrity, innovation and excellence.

The Directors acknowledge that it is through this collaborative spirit and shared commitment that the Company has been able to progress on its journey toward creating long-term value for all stakeholders. We remain dedicated to upholding the highest standards of corporate governance, operational excellence and social responsibility as we strive to realize our vision for the future.

Thank you for being an integral part of our success story and growth journey.