Directors Report of Earkart Ltd.

Mar 31, 2026

Your Company''s Directors have pleasure in presenting the 5^th Board''s Report along with the Audited
Financial Statements for the Financial Year ended 31 March 2026.

Highlights of Financial Performance

The Company''s financial performance during the Financial Year 2025-26 as compared with that during
the previous Financial year is summarized below.

Particulars	Financial Year 2025-26	Financial Year 2024-25
Total Income	5,41,417.52	4,31,920.64
Total Expense	4,68,861.49	3,43,829.09
Profit/(Loss) before Tax	72,556.03	88,091.55
Provision for Tax	23,233.01	21,682.09
Profit/(Loss) after Tax	49,322.93	66409.46
Other Comprehensive Income	NA	NA
Profit/(Loss) carried to Balance Sheet	NA	NA

State of Company''s affairs and summary of operation during the Current year ended on 31
March 2026

During the financial year under review, the Company has earned total income of INR 5,41,417.52
Thousand as compared to the previous year INR 4,31,920.64 Thousand and has a profit after tax of INR
49,322.93 Thousand as compared to profit after tax of the previous year of INR 66,409.46 Thousand.
The decrease in the current year''s profit is due to current market situation and increase in the logistics
cost and operational expenses of the company. Our directors remain optimistic about the Company''s
trajectory and are confident in its potential for profitability in the years to come.

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

There is no material changes and commitments affecting the financial position of the Company has
occurred between the end of the financial year of the Company to which the financial statements relate
and the date of the Report

Dividend

In order to conserve the resources of the Company, your director have not declared any payment of
Dividend on Equity Share Capital of the Company.

Transfer to reserve

The Board of Director of your company has decided not to transfer any amount to the Reserves for the
year under review.

Change in the nature of business

There is no change in business of the Company during the financial year under review.

Credit Rating

The Company has not obtained credit rating during the financial year under review.

Share Capital

I. Authorized Share Capital

The authorized share capital of your company as on 31 March 2026 stood at INR 14,53,00,000/- (Indian
Rupees Fourteen Crore and Fifty-Three Lakhs) divided into 1,45,00,000 (One Crore and Forty-Five Lakh)
equity shares of face value of INR 10/- (Indian Rupees Ten) each.

As on date of this report your Company''s share capital position is as follows:

Category of Share Capital	Authorized Share Capital			Issued, Subscribed & Paid-up Share Capital
	No. of Shares	Face Value Per Shares (INR)	Total Amount (INR)	No. of Shares	Face Value Per Shares (INR)	Total Amount (INR)
Equity	1,45,00,000	10	14,50,00,000	1,37,53,932	10	13,75,39,320
Preference	30,000	10	3,00,000	NIL	NIL	NIL

II. Issued, Subscribed and Paid-up Share Capital

The issued, subscribed and paid-up share capital of your company as on 31 March 2026 stood at INR
13,75,39,320/- (Indian Rupees Thirteen Crore Seventy-Five Lakhs Thirty-Nine Thousand and Three
Hundred Twenty) divided into 1,37,53,932 (One Crore Thirty-Seven Lakh Fifty-Three Thousand and Nine
Hundred and Thirty-Two)) equity shares of face value of INR 10/- (Indian Rupees Ten) each. During the
Financial Year under review, your Company has allotted 33,15,000 (Thirty-Three Lakh Fifteen Thousand)
equity pursuant to Initial Public Offers by the Company, which includes fresh issue component and offer
for sale.

III. Details of Employee Stock Option Scheme

The Shareholders of the Company have approved the employee stock option Scheme namely "Earkart
Limited - ESOP Scheme 2025" by special resolution passed dated 21 April 2025. The Company has not
allotted any grant to any employee during the year.

Further, board of director in has recommended to be approved by the Special Resolution in the ensuing
Annual General Meeting of the Company for ratification and amendment of Earkart ESOP Scheme 2025,
where it has been proposed to increase the total number option that may be granted to all Employee
under the scheme and terms and conditions of the scheme.

IV. Bonus Shares

No bonus shares were issued during the financial year 2025-26.

V. Issue of equity shares with differential rights

There were no shares issued with differential rights during the financial year 2025-26.

VI. Issue of sweat equity shares

No sweat equity shares were issued during the financial year 2025-26.

Deposit

The Company has not accepted any deposits from the public during the period and as such, no amount
on account of principal and interest was outstanding as on the date of the Balance sheet.

Thus, the details of deposits required as per the provisions of the Companies (Accounts) Rules, 2013
are as follows:

(a) Acceptance during the financial year 2025-26 Nil

(b) Remained unpaid or unclaimed during the financial year 2025-26 Nil

(c) Whether there has been any default in repayment of deposits or payment of interest thereon
during the financial year 2025-26 and if so, number of such cases and total amount involved-

(i) At the beginning of the year Nil

(ii) During the year Nil

(iii) At the end of the year Nil

(d) Details of Deposits which are not in compliance with the requirements of Chapter V Nil
of the Companies

Scheme of Amalaamation/Arranaement

During the Financial year 2025-26, your Company has not proposed or considered or approved any
Scheme of Merger/Amalgamation/Takeover/Demerger or Arrangement with its Members and/or
Creditors.

Details of application made or any proceedings pending under the Insolvency and Bankruptcy
Code, 2016, during the financial year along with their status as at the end of the Financial
Year:

During the Financial Year 2025-26, there was no application made and proceeding initiated/pending by
any Financial and/or operational creditors against your Company under the Insolvency and Bankruptcy
Code, 2016.

As on the date of this Report, there is no application or proceeding pending against your company under
the Insolvency and Bankruptcy Code, 2016.

Directors:

The Board of Directors of your Company comprised of the following Directors, as on 31 March 2026:

Sr. No.	Name of the Director	Designation	DIN
1.	Mr. Rohit Misra	Managing Director and Chief Executive Officer	00775537
2.	Mr. Ajay Kumar Giri	Director and Chief Financial Officer	09505964
3.	Ms. Monika Misra	Whole Time Director	06939593
4.	Mr. Rahul Salesha	Director	09540291
5.	Mr. Sidhartha Pradhan	Independent Director	06938830
6.	Mr. Rajhkumar Jaain	Independent Director	07753737
7.	Mr. Lakshman Shyam Singh	Independent Director	10913125

As per the provisions of the Articles read with the Companies Act, 2013, office of Mr. Rahul Salesha,
having (DIN: 09540291) Director of the Company liable to retire by rotation at the ensuing Annual
General Meeting. Being eligible for re-appointment, he shows his willingness to be re-appointed as the
Director of the Company, agenda proposing his regarding his re-appointment shall be placed before the
members at the ensuing Annual General Meeting.

There is no changes in the board of directors during the period under review.

Your Company has received declarations from all the Independent Directors of the Company confirming
that they meet the criteria of independence as prescribed under Section 149(6) of the Companies Act,
2013 and Regulation 16(b) of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015. In terms of provisions of Section 134(3)(d) of the
Companies Act, 2013, the Board of Directors of your Company have taken note of these declarations
of independence received from all the Independent Directors and have undertaken due assessment of
the veracity of the same. The Board of Directors is of the opinion that the Independent Directors of
your Company possess requisite qualifications, experience, expertise (including proficiency) and they
hold the highest standards of integrity that enables them to discharge their duties as the Independent
Directors of your Company. Further, in compliance with Rule 6(1) of the Companies (Appointment and
Qualification of Directors) Rules, 2014, all Independent Directors of the Company have registered
themselves with the Indian Institute of Corporate Affairs.

Performance Evaluation of the Board of Directors, its individual members, and its
Committees

In terms with the Policy for Evaluation of the Performance of the Board of Directors of the Company,
we conducted a formal Board Effectiveness Review, as part of our efforts to evaluate the performance
of our Board and identify areas that need improvement, in order to enhance the effectiveness of the
Board, its Committees, and Individual Directors. This was in line with the requirements of the
Companies Act, 2013 and the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015.

Each Board Member completed a confidential online questionnaire, sharing vital feedback on how the
Board currently operates and how its effectiveness could be improved. The survey comprised of below
sections and compiled feedback and suggestions on:

• Board Processes (including Board composition, strategic orientation and team dynamics);

• Individual Committees;

• Individual Board Members;

• the Chairperson; and

• Declaration of independence from Independent Directors

The criteria for Board processes included Board composition, strategic orientation and team dynamics.

During the year under review, the Company has also conducted one programs for familiarization of the
Independent Directors on different aspects.

Nomination and Remuneration Policy

The Company''s Nomination and Remuneration Policy for Directors, Key Managerial Personnel, and other
employees can be accessed on the Company''s website at https://earkart.in/board-policies.html. The
Company''s total rewards framework aims at holistically using elements such as fixed and variable
compensation, long-term incentives, benefits and perquisites, and non-compensation elements (career
development, work-life balance, and recognition). The Non-Executive Directors receive sitting fees in
accordance with the provisions of the Companies Act, 2013.

Meetings of Board of Directors

The Board of Directors must meet at least four times a year, with a maximum time gap of 120 days
between two Board Meetings. During the financial year 2025-26, the Board met 10 (Ten) times i.e. on
26 May 2025, 10 June 2025, 29 August 2025, 05 September 2025, 18 September 2025, 30 September
2025, 14 November 2025, 18 December 2025, 11 March 2026 and 30 March 2026.

The below table gives the details of the attendance of the Directors at the Board meetings held during
the year and at the previous Annual General Meeting (AGM) held on 15 June 2026;

Meetings of the Board held during the year, including attendance of each Director at all such meetings,
are mentioned below:

Name	Designation	Attendance Particulars
		Board Meetings	Last AGM
Mr. Rohit Misra	Managing Director and Chairperson	10	Yes
Mr. Ajay Kumar Giri	Chief Financial Officer & Director	10	Yes
Ms. Monika Misra	Whole Time Director	7	Yes
Mr. Rahul Salesha	Director	10	Yes
Mr. Sidhartha Pradhan	Independent Director	9	Yes
Mr. Rajhkumar Jaain	Independent Director	10	Yes
Mr. Lakshman Shyam Singh	Independent Director	7	Yes

The maximum gap between any two consecutive Board Meetings did not exceed 120 (One Hundred
Twenty) days.

Committees of Board:

The details of composition of the Committees of the Board of Directors, meetings of the Committees
and the attendance of the Committee Members, are as under:

Audit Committee

During the financial year 2025-26, the Audit Committee met 7 (Seven) times i.e. on 24 May 2025, 10
June 2025, 29 August 2025, 05 September 2025, 14 November 2025, 20 February 2026 and 30 March
2026.

The below table gives the composition and attendance record of the Audit Committee

Sl. No.	Name	Position	Number of m< the financial	eetings during year
			Held	Attended
1.	Mr. Sidhartha Pradhan	Chairman	7	7
2.	Mr. Rohit Misra	Member	7	7
3.	Mr. Lakshman Shyam Singh	Member	7	7

Chairperson of the Committee is Independent Director and possess strong accounting and financial
management knowledge.

Stakeholders'' Relationship Committee

During the financial year 2025-26, the Stakeholders'' Relationship Committee met once on 30 March
2026. The below table gives the composition and attendance record of the Stakeholders'' Relationship
Committee:

Sl. No.	Name	Position	Number of meetings during the financial year
			Held	Attended
1.	Mr. Rajhkumar Jaain	Chairperson	1	1
2.	Mr. Lakshman Singh	Member	1	1
3.	Mrs. Monika Misra	Member	1	1

Nomination & Remuneration Committee

During the financial year 2025-26, the Nomination and Remuneration Committee met once (One) time

i.e. on 30 March 2026. The below table gives the composition and attendance record of the Nomination
and Remuneration Committee:

Sl. No.	Name	Position	Number of meetings during the financial year
			Held	Attended
1.	Mr. Lakshman Singh	Chairperson	1	1
2.	Mr. Sidhartha Pradhan	Member	1	1
3.	Mr. Rohit Misra	Member	1	1

Independent Directors and their Meeting

The Independent Directors met on 30 March 2026, without the attendance of Non-Independent Directors
and members of the Management. The Independent Directors reviewed the performance of Non¬
Independent Directors and the Board as a whole; the performance of the Chairperson of the Company,
taking into account the views of Executive Directors and Non-Executive Directors and assessed the
quality, quantity and timeliness of flow of information between the Company Management and the Board
that is necessary for the Board to effectively and reasonably perform their duties.

Subsidiaries. Joint Ventures and Associates Companies

As on 31 March 2026, The Company has 1 (one)wholly owned subsidiary, Earkart Inc., incorporated in
the United States of America. Currently the mentioned subsidiary in not operative yet. Further the
Company does not has any Associate and/or Joint Venture Companies.

The details under section 129 of the Companies Act, 2013, read with rule 5 of Companies (Accounts)
Rules, 2014 regarding the performance and financial position of each of the Subsidiaries/associate
companies/joint ventures of the company is provided in ''Form AOC-1'' under Annexure 4 which forms
part of this report.

Auditors and Auditors'' reports
Statutory Auditors and Auditors'' Report

Pursuant to the provisions of Section 139 of the Companies Act, 2013 and the rules made thereunder,
M/s. TIMSI & Associates, Chartered Accountants, registered with the Institute of Chartered Accountants
of India under Firm registration no. 020141C, were appointed as the Statutory Auditors of the Company,
for a second term of 5 (five) consecutive years starting from the conclusion of 2^nd Annual General
Meeting held on 16 August, 2022 till the conclusion of 6^th Annual General Meeting to be held in the year
31 March 2027.

The Report given by M/s. TIMSI & Associates, Chartered Accountants, on the financial statements of
the Company is a part of the Annual Report. The notes on the financial statements referred to in the
Auditors Report are self-explanatory and do not call for any further comments. There has been no
qualification, reservation or adverse remark or disclaimer in their Report.

Secretarial Auditors

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014, the Board has appointed M/s. N Kothari &
Associates, Practicing Company Secretaries, to undertake the Secretarial Audit of the Company for the
financial year 2025-26.

The Secretarial Audit Report for the financial year ended 31 March, 2026 is annexed herewith as
Annexure 1, to this report.

The Secretarial Audit Report does contain any qualification, reservation or adverse remark or disclaimer.

During the period under review and as per representations and clarifications made, the Company has
generally complied with the provisions of the Act, Rules, Regulations, Guidelines, Standards, etc.,
except below observation:

i. The auditor has reported that though the Company had implemented Structured Digital Database
("SDD") software/system pursuant to Regulation 3(5) of the SEBI (Prohibition of Insider Trading)
Regulations, 2015 ("PIT Regulations"), the Company has listed its securities on BSE Limited on 03
October 2025, it is required to record four entries in the Structured Digital Database (SDD) pertaining
to sharing/communication of Unpublished Price Sensitive Information ("UPSI") till 31 March 2026
however same were not recorded in the SDD during the period under review.

Accordingly, the Company was not fully compliant with the requirements relating to maintaining
complete and updated records of persons/entities with whom UPSI was shared, along with requisite
details such as nature of UPSI, time stamping and other prescribed particulars under the PIT
Regulations.

The Board has informed that necessary corrective measures and internal control mechanisms are
being strengthened to ensure timely and complete recording of all UPSI-related entries in the
Structured Digital Database in compliance with the applicable provisions of the PIT Regulations.

ii. The auditor has reported that the provisions relating to maintenance of Cost Records under Section
148(1) of the Companies Act, 2013 read with the Companies (Cost Records and Audit) Rules, 2014
were applicable to the Company during the financial year under review. However, the Company had
not maintained the prescribed cost records as required under the applicable provisions.

The Company was required to maintain proper books of account and cost records in respect of
specified products/services as prescribed under the Companies (Cost Records and Audit) Rules,
2014. However, the same were not adequately maintained during the period under review.

The board has informed that necessary corrective measures are being undertaken for
implementation and maintenance of requisite cost records and same will be incorporated in the
financial of the Company for financial year under review in accordance with the applicable provisions
of the Companies Act, 2013 and rules made thereunder.

iii. The auditor has reported that the Company has incorporated a Wholly Owned Subsidiary ("WOS")
in the United States of America under the name and style of "Earkart Inc." on 20 January 2026, in
compliance with the applicable provisions of the Foreign Exchange Management Act, 1999.

However, the Company has not complied with the requirement of filing Form FC with the Authorised
Dealer ("AD") Banker as prescribed under the Foreign Exchange Management (Overseas
Investment) Rules, 2022 read with the relevant Master Directions issued by the Reserve Bank of
India ("RBI"), as amended from time to time.

The board has represented that the delay in filing was attributable to operational issues relating to
the opening of the bank account of the aforesaid wholly owned subsidiary. The Company is presently
taking necessary corrective measures and coordinating with the AD Banker to complete the filing of
Form FC along with payment of applicable Late Submission Fees ("LSF").

Reporting of Frauds by Auditors

During the year under review, neither the Statutory Auditors nor the Secretarial Auditor have reported
any instances committed in the Company by its Officers or Employees to the Audit Committee, as
stipulated under Section 143(12) of the Companies Act, 2013. Accordingly, there are no details
requiring disclosure in this Report.

Internal Financial Controls

The Company has in place adequate financial controls for ensuring the orderly and efficient conduct of
its business including adherence to Company''s policies, the safeguarding of its assets, the prevention
and detection of frauds and errors, the adequacy and completeness of accounting records and the timely
preparation of reliable financial information, as required under the Companies Act, 2013.

The Internal Financial Controls commensurate with the size and nature of business of the Company.
During the year, such controls were tested and no reportable material weaknesses in the design or
operation were observed.

The Company has appointed M/s. Arvind Aggarwal & Associates, Chartered Accountants, Mumbai, as
Internal Auditors to carry the internal audit. The Internal Auditors'' Reports are regularly reviewed by
the Senior Management and the Audit Committee of the Board for its implementation and effectiveness.

Vigil Mechanism

The Vigil Mechanism as envisaged in the Companies Act, 2013, the Rules prescribed thereunder and the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is implemented through the
Company''s Whistle Blower policy to enable the Directors, employees and all the stakeholders of the
Company to report genuine concerns, to provide for adequate safeguards against victimization of
persons who use such mechanism and make provision for direct access to the Chairman of the Audit
Committee. The whistle blower Policy (Vigil Mechanism) of the Company may be accessed on its website
at the link www.earkart.in

During the year under review, your Company had not received any complaints under the whistle blower
policy.

Annual Return

Pursuant to Section 134(3)(a) of the Act, the draft annual return for the year under review, prepared in
accordance with Section 92(3) of the Act, is made available on the website of the Company
www.earkart.in

Particulars of Loans. Guarantees or Investment under Section 186 of the Companies Act,
2013

As required to be reported pursuant to the provisions of Section 186 and Section 134(3)(g) of the
Companies Act, 2013, the particulars of loans, guarantees and investments by your Company under the
aforesaid provisions during the Financial Year 2025-26, if any, have been provided in the Notes to the
Financial Statement.

Related Party Transactions

All transactions with related parties entered into during the financial year were at arm''s length basis
and the ordinary course of business and in accordance with the provisions of the Act and the rules made
thereunder, the SEBI Listing Regulations and your Company''s Policy on Related Party Transactions.

Accordingly, the disclosure of related party transactions as required under Section 134(3)(h) of the Act,
in Form AOC-2 is provided as Annexure 3 of this Report.

Conservation of Energy, Technology Absorption and Foreign Exchange Earnings & Outgo

The details of Conservation of Energy, Technology, Absorption, Foreign Exchange Earnings and Outgo
are as under:

A. Conservation of Energy:

The steps taken or impact on conservation of energy	The Company has taken adequate steps, wherever possible, to conserve the energy during the year under report.
The steps taken by the company for utilizing alternate sources of energy	The Company will explore the options to utilize alternative sources of energy, wherever possible
The capital investment on energy conservation equipment	NIL

B. Technology Absorption:

The efforts made towards technology absorption	NIL
The benefits derived like product improvement, cost reduction, product development or import substitution	NIL
In case of imported technology - the details of technology imported, year of import, whether the technology has been fully absorbed, if not fully absorbed, areas where absorption has not taken place and the reasons thereof	NIL
The expenditure incurred on research and development	NIL

C. Foreign Exchange Earnings/ Outgo (in INR thousands)

Earnings	66.20
Outgo	723.91

Particulars of Employees and Remuneration

The provisions of Rule 5(2) & (3) of the Companies (Appointment & Remuneration of Managerial
Personnel) Rules, 2014 are not applicable to the Company as none of the employees has received
remuneration above the limits specified in the rule 5(2) & (3) of the Companies (Appointment &
Remuneration of Managerial Personnel) Rules, 2014 during the financial year 2025-26.

Board Policies

In order to comply with provisions of Companies Act 2013 and other applicable law, rules or regulation,
the Board has adopted the following policies:

1. Dividend Distribution policy

2. Policy for Determining Material Subsidiaries

3. Materiality Policy

4. Policy on Materiality of Related Party transactions;

5. Code of practices and procedures for fair disclosure of unpublished price sensitive information as
per SEBI Insider Trading Regulations (as well as policy for inquiry in cases of leak of unpublished
price sensitive information and determination of legitimate purposes);

6. Code of conduct to regulate, monitor and report trading by its employees and other connected
persons towards achieving compliance with SEBI Insider Trading Regulations.

These policies are available on the website of the Company on link: www.earkart.in

Directors'' Responsibility Statement

Pursuant to the requirement of clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013,
your Directors confirm that:

a) in the preparation of the annual accounts for the year ended 31 March 2026, the applicable
accounting standards read with requirements set out under Schedule III to the Act, have been
followed and there are no material departures from the same;

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 as at 31 March 2026 and of the loss of the Company for the year
ended on that date;

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

d) the Directors have prepared the annual accounts on a going concern basis;

e) the Directors have laid down internal financial controls to be followed by the Company and that such
internal financial controls are adequate and are operating effectively; and

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

Secretarial Standards

The Directors have devised proper systems and processes for complying with the requirements of
applicable provisions of Secretarial Standard-1 and Secretarial Standard-2 Secretarial Standards issued
by the Institute of Company Secretaries of India and that such systems were adequate and operating
effectively.

Risk Management

The Company has developed and implemented the Risk Management system whereby a board has been
vested power to manage, monitor and report on the principal risks and uncertainties that can impact
the ability to achieve the Company''s strategic objectives. The board members will be periodically briefs
on various issues along with its suggestions/ recommendations, based on which the Board takes
decisions.

Human Resources

The Company strongly believes its employees are the most valuable asset. Our endeavor is to provide
a work environment where continuous learning and development takes place to meet the changing
demands and priorities of the business. The Company have 58 (Fifty Eight) permanent employees on
roll.

Management Discussion and Analysis

The Management Discussion and Analysis report for the year under review, as stipulated under the SEBI
Listing Regulations, is presented in section forming part of this integrated Annual Report.

Corporate Social Responsibility (CSR)

In accordance with the provisions of section 135 of the Companies Act, 2013 read with the Companies
(Corporate Social Responsibility Policy) Rules, 2014, your Company has undertaken various CSR
initiatives during the financial year 2025-26. The Company remains committed to contributing to the
social and economic development of the communities in which it operates, with a focus on sustainability,
inclusiveness, and impact.

The brief outline of the Corporate Social Responsibility (CSR) policy of the Company and the initiatives
undertaken by the Company on CSR activities during the year are set out in Annexure 2 of this report
in the format prescribed in the Companies (Corporate Social Responsibility) Rules, 2014.

The CSR policy of the Company has been placed on the website of the Company at www.earkart.in

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

The Company has in place a policy on prevention, prohibition and redressal of sexual harassment at the
workplace in accordance with the provisions of the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act, 2013. The details of complaints received and disposed of
during the financial year are as under:

Particulars	Number of cases
Number of complaints received during the year	0
Number of complaints disposed of during the year	0
Number of complaints pending for more than 90 days	0

Disclosure under the Maternity Benefit Act. 1961

The Company has complied with the provisions of the Maternity Benefit Act, 1961, including grant of
maternity leave and other benefits to eligible women employees, as applicable during the financial year
under review.

Failure to implement any corporate action

The Company has not failed to complete or implement any corporate action taken during the FY 2025¬
26.

Details of application made or any proceeding pending under the Insolvency and Bankruptcy
Code. 2016. during the financial year along with their status as at the end of the financial
year:

During the Financial Year 2025-26, there was no application made and proceeding initiated / pending
by any Financial and/or Operational Creditors against your Company under the Insolvency and
Bankruptcy Code, 2016.

As on the date of this Report, there is no application or proceeding pending against your Company
under the Insolvency and Bankruptcy Code, 2016.

MANAGERIAL REMUNERATION

A) Details of the ratio of the remuneration of each Director to the median remuneration of
the employees and other details as required pursuant to Rule 5(1) of the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014:

Sl. No	Name of Director/KMP and Designation	Ratio of remuneration of each Director to the median remuneration of employees	% increase in Remuneration in the financial year 2025-26
1	Mr. Rohit Misra, Managing Director and Chief Executive Officer	30:1	17%
2	Mr. Ajay Kumar Giri, Director and Chief Financial Officer	9:1	82%
3	Ms. Monika Misra, Whole Time Director	17:1	17%
4	Mr. Rahul Salesha, Director	14:1	21%
5	Mr. Sidhartha Pradhan, Independent Director	Not Applicable	NIL
6	M r. Raj h kum ar Jaa in , Independent Director	Not Applicable	NIL
7	Mr. Lakshman Shyam Singh, Independent Director	Not Applicable	NIL

#Resigned as a Director of the Company effective from 30 June, 2025.

**Independent Directors are paid remuneration only by way of sitting fees for attending
Board/Committee Meetings. Hence ratio is not provided.

Notes:-

i. Median remuneration of employees of the Company during the financial year 2025-26 was
Rs.5,43,000/- (Rupees Five Lakhs Forty Three Thousand Only)

ii. In the financial year under review, there was an increase of 25% in the median remuneration of
employees as increments were granted to few employees based on the performance of the employees.

iii. There were 58 (Fifty-Eight) confirmed employees on the rolls of the Company as on 31st March 2026.

iv. Average percentile increase already made in the salaries of employees other than the managerial
personnel in the last financial year and its comparison with the percentile increase in the managerial
remuneration and justification thereof and point out of there are any exceptional circumstances for
increase in the managerial remuneration:

In the financial year 2025-26 there was an average increase of 8% in the fixed remuneration of the
employees (other than the managerial personnel).

v. It is hereby affirmed that the remuneration paid is as per the Remuneration Policy for Directors, Key
Managerial Personnel and other Employees.

B) Details of top ten employees in terms of remuneration drawn and other employees of the
Company as required pursuant to rule 5(2) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014:

During the year under consideration, none of the employees of the Company was in receipt of
remuneration in excess of limits prescribed under rule 5(2) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014, hence, particulars as required under rule 5(2) of
the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are not given.

Cost Records and Cost Audit

Pursuant to Section 148 of the Companies Act, 2013, read with the Companies (Audit and Auditors)
Rules 2014 and any other applicable provisions and the Rule framed thereunder, if any, of the Companies
Act, 2013, the Company is required to maintain the cost accounts and records of the Company.

Further, since the threshold limited has not exceeded hence Cost Audit is not applicable for the Financial
Year 2025-26.

Transfer of amounts to Investor Education and Protection Fund

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

Also, the provisions of the Investor Education Protection Fund Authority (Accounting, Audit, Transfer
and Refund) Rules, 2016 are not applicable to the Company.

Details of significant and material orders passed by the regulators or courts or tribunals
impacting the going concern status and company''s operations in future

There was no significant and material order passed by the regulators or courts or tribunals which may
impact the going concern status and Company''s operations in future.

Acknowledgement

The Board places on record its deep sense of appreciation for the committed services by all the
employees of the Company. The Board of Directors would also like to express their sincere appreciation
for the assistance and co-operation received from the financial institutions, banks, government and
regulatory authorities, customers, vendors, members, during the year under review.

For and on behalf of the Board of Directors
Of Earkart Limited

Sd/- Sd/-

Name: Rohit Misra Name: Ajay Kumar Giri

Designation: Managing Director & CEO Designation: Director & CFO

DIN:00775537 DIN:09505964

Place: Noida
Date: 23 June 2026