Your directors have great pleasure in presenting this Board Report of the business and operations along
with the Audited Standalone and Consolidated Financial Statement of the Company for the financial year
ended on March 31, 2026. This report covers the financial results and other developments during the
financial year from April 1, 2025 to March 31, 2026, in compliance with the applicable provisions of
Companies Act, 2013, ("the Act") and the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations").

BUSINESS OVERVIEW AND FINANCIAL HIGHLIGHTS

a) FINANCIAL PERFORMANCE

The Audited Financial Statements of your Company as on 31st March, 2026 are prepared in accordance
with the relevant applicable IND AS and Regulation 33 of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI") Listing Regulations) and the
provisions of the Companies Act, 2013 ("Act"). The estimates and judgments relating to the Financial
Statements are made on a prudent basis, so as to reflect in a true and fair manner, the form and substance
of transactions and reasonably present the Company''s state of affairs, profits and cash flows for the year
ended March 31, 2026. The summarized financial highlights are depicted below:

b) FINANCIAL HIGHLIGHTS AND OPERATION

The Key highlights pertaining to the business of the Company for the Financial Year 2025-26 and period
subsequent there to have been given hereunder: -

• During the Financial Year 2025-26, the Revenue is increased by 24.68% as compared to the
previous Financial Year 2024-25. The Company has earned Net Profit of Rs. 5720.49 (In Lakhs).
Further, during the year, there is a decrease of 1.03% in the Net Profit as compared to the previous
Financial Year 2024-25.

The management of your Company continues its constant endeavor to enhance the business of the
Company and is always seeking expansion of its current business operations as also opportunities in
adjacent and new areas to achieve overall growth and improvement.

PERFORMANCE OF THE COMPANY. STATE OF COMPANY''S AFFAIRS AND MATERIAL DEVELOPMENT

FY26 was an important year for the Company as we continued to strengthen our scale, deepen enterprise
relationships, and expand our operational network across India and international markets. During the
year, we completed approximately 5.23 million trips, representing a growth of nearly 29% year-on-year,
and onboarded 223 new clients, taking our active client base to over 1,750 clients. We also expanded our
fleet capacity to over 20,000 vehicles to support growing enterprise demand across 130 cities in India.
At the same time, we continued to strengthen our digital capabilities through enhancements across our
platforms and the implementation of a new core backend system aimed at improving operational
efficiencies and customer experience.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

As required by Regulation 34(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 (Listing Regulations), a Management Discussion and Analysis Report is part of this Report. The state
of the affairs of the business along with the financial and operational developments has been discussed
in detail in the Management Discussion and Analysis Report which forms part of the Annual Report.

COMMITTEE OF THE BOARD

The Company''s Board has constituted the following Committees prescribed under the Companies Act and
the LODR Regulations, 2015: -

1. Audit Committee

2. Stakeholders Relationship Committee

3. Risk Management Committee

4. Nomination and Remuneration Committee

5. Corporate Social Responsibility Committee

6. Independent Directors Committee

7. IPO Committee

The details of the Composition of the Committees, their role, terms of reference, meetings held and
attendance thereat are given in the Corporate Governance report forming part of the Annual Report.

DIRECTORS & KEY MANAGERIAL PERSONNEL

a) Board of Directors

As on 31st March, 2026, your Company''s Board has 6 (Six) members comprising of 2 (two) Executive
Directors and 1 (One) Non-Executive Director and 3 (Three) Non-Executive Independent Directors

including 2 (Two) Woman Director. The details of the Board and committee composition, tenure of
directors and other details are available in the Corporate Governance Report which forms part of this
Annual Report.

During the year under review, Mr. Rajeev Vij (DIN: 07476837) tendered his resignation from the office
of Independent Director of the Company with effect from 14^th August, 2025, on account of personal
reasons and other commitments. Your directors place on record their sincere appreciation for the
valuable guidance and contribution rendered by Mr. Rajeev Vij during his tenure as an Independent
Director of the Company. Further, Ms. Vandana Chamaria was appointed as an Independent Director
on the Board of the Company with effect from 12^th November, 2025.There were no other changes in
the composition of the Board of the company.

b) Key Managerial Personnel

The Company has below mentioned Key Managerial Personnel''s as per requirements of section 203
of the Companies Act, 2013 as well as the SEBI (LODR) Regulations, 2015.

a. Mr. Rajesh Loomba, Chairman & Managing Director

b. Mr. Aditya Loomba, Joint Managing Director

c. Mr. Hem Kumar Upadhyay, Chief Financial Officer

d. Ms. Deepali Dev, Chief Operating Officer

e. Mr. Sanjay Sharma, Chief Business Officer-ETS

f. Ms. Shweta Bhardwaj, Company Secretary & Compliance Officer.

c) Declaration of Independency of Independent Directors

Your Company has received declarations from all the Independent Directors confirming that they
meet with the criteria of independence as prescribed both under subsection (6) of Section 149 of the
Act and Regulation 16(1) (b) of the SEBI Listing Regulations and there has been no change in the
circumstances which may affect their status as an Independent Director. Further, in the opinion of the
Board, the Independent Directors also possess the attributes of integrity, expertise and experience as
required to be disclosed under Rule 8 (5) (iiia) of the Companies (Accounts) Rules, 2014. The Company
has also received from them declaration of compliance of Rule 6(1) & (2) that they have registered
themselves with databank of Independent Directors as maintained by Indian Institute of Corporate
Affairs.

d) Directors liable to retire by rotation and Directors seeking re-appointment:

In accordance with the provisions of Section 152 of the Act, read with rules made thereunder and the
Articles of Association of your Company, Mr. Rajesh Loomba, Managing Director (DIN: 00082353) is
liable to retire by rotation at the ensuing Annual General Meeting (AGM) and being eligible, offer
himself for re-appointment. The Board recommends his re-appointment for the shareholder approval.
Brief details of Directors proposed to be re-appointed, as required under Regulation 36 of the SEBI
Listing Regulations, are provided in the Notice of the ensuing AGM.

e) Relationship/Transaction of Non-Executive Directors with the Company

The Non-Executive Directors of the Company had no pecuniary relationship or transactions with the
Company, other than taking sitting fees and reimbursement of expenses incurred by them to attend
meetings of the Company.

f) Performance evaluation of the Board, its Committees and Individual Directors

Pursuant to applicable provisions of the Companies Act, 2013 and SEBI (LODR) Regulations 2015, the
Board, in consultation with its Nomination & Remuneration Committee, has formulated a framework
containing, inter-alia, the criteria for performance evaluation of the entire Board of the Company, its
Committees and Individual Directors, including Independent Directors.

The Independent Directors had met separately without the presence of Non-Independent Directors
and the members of management and discussed, inter-alia, the performance of non- Independent
Directors and Board as a whole and the performance of the Chairman of the Company after taking
into consideration the views of Executive and Non- Executive Directors.

The Nomination and Remuneration Committee has also carried out an evaluation of every Director''s
performance. The performance evaluation of all the Independent Directors has been done by the
entire Board, excluding the Director being evaluated. Based on the performance evaluation done by
the Board, it shall be determined whether to extend or continue their term of appointment, whenever
the respective term expires. The Directors expressed their satisfaction with the evaluation process.

g) Familiarization Program

The details of program for familiarization of Independent Directors with the Company, their roles,
rights, responsibilities in the Company, nature of the industry in which the Company operates, the
business model and related matters are posted on the website of the Company at
https://www.ecosmobility.com/Familarization-Programme-25-26.pdf

DIRECTORS RESPONSIBILITY STATEMENT

In accordance with the provisions to Section 134(5) of the Companies Act, 2013, in relation to Annual
Financial Statements for the financial year 2025-26, the Board of Directors to the best of its knowledge
and ability hereby confirm that:

a) in the preparation of the annual accounts, the applicable accounting standards had been followed and
there are no material departures;

b) the directors had selected such accounting policies and applied them consistently and made judgments
and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of
the Company at the end of the financial year and of the profit and loss of the Company for that period;

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

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

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

f) the directors had devised proper systems to ensure compliance with the provisions of all applicable laws
and that such systems were adequate and operating effectively.

INTERNAL FINANCIAL CONTROL

Your Company has an effective internal control and risk mitigation system, which is constantly assessed
and strengthened with new/revised standard operating procedures. The Company''s internal control

system is commensurate with the size, scale and complexity of its operations. The main thrust of internal
audit is to test and review controls, appraisal of risks and business processes, besides bench marking
controls with best practices in the industry.

The Audit Committee actively reviews the adequacy and effectiveness of the internal control systems and
suggests improvements to strengthen them. The Company has a robust Management Information System,
which is an integral part of the control mechanism. Internal Audit plays a key role in providing assurance
to the Board of Directors.

VIGIL MECHANISM/WHISTLE BLOWER POLICY

In compliance with the provisions of Section 177(9) of the Companies Act 2013 read with Rule 7 of the
Companies (Meetings of Board and its Powers) Rules, 2014 and SEBI (LODR) Regulations, 2015, your
Company has in place a Vigil Mechanism (Whistle blower Policy) which provides an opportunity to the
directors and employees to raise concerns about unethical and improper practices or any other wrongful
conduct in or in relation to the Company. The details of the Vigil Mechanism (Whistle Blower Policy) are
stated in the Corporate Governance Report and the said Policy has been uploaded on the Company''s
website at https://www.ecosmobility.com/Whistle-Blower-Policy-V2.pdf

CHANGE IN NATURE OF BUSINESS, IF ANY

There is no change in the nature of the business of the Company during the period under review.
DIVIDEND

The Board of Directors have recommended the dividend amounting to INR 2.38 per Equity share for the
Financial Year 2025-26, subject to the approval of Shareholders in the Annual General Meeting, payable
to those shareholders, whose names appear in the Register of Members/ list of Beneficial Owners,
provided by the Depositories, on the record date. The dividend pay-out will be in accordance with the
prevalent applicable laws and the Company''s Dividend Distribution Policy.

DIVIDEND DISTRIBUTION POLICY

Pursuant to Regulation 43A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, as amended, your Board has approved and adopted a Dividend Distribution Policy
https://www.ecosmobility.com/wp-content/uploads/2022/ll/Dividend-Distribution-Policy.pdf

DEPOSITS

The Company has neither accepted/invited any deposits from the public during the period, nor there was
any outstanding deposit of earlier years covered under Chapter V of the Companies Act, 2013 and hence
no amount of principal or interest was outstanding as at the Balance Sheet date 31^st March, 2026.

TRANSFER TO RESERVES

During the financial year, the Company has not transferred any amount to the general reserve.

There is no change in the Authorized, Issued, Subscribed and Paid- up Share Capital of the Company during
the year.

a. Authorized Share Capital

The Authorized share capital of the Company is Rs. 15,00,00,000 divided into 75000000/- equity share of
Rs. 2/- each.

b. Paid-up Share Capital

The paid-up share capital of the Company is Rs. 12,00,00,000 divided into 60000000/- equity share of Rs.
2/- each.

Other mandatory disclosures relating to Capital Structure as per Companies Act, 2013 are provided here
under: -

a) Issue of Equity Shares with Differential Rights:

During the period under review, the Company has not issued any Equity Shares with Differential
Rights.

b) Issue of Sweat Equity Shares:

During the period under review, the Company has not issued any sweat equity shares as specified in
Rule 8(13) of Companies (Share Capital and Debenture Rules, 2014).

INDUSTRY SCENARIO AND STATE OF COMPANY''S AFFAIRS
Brief description of the nature of business of the Company

ECOS (India) Mobility & Hospitality Limited is one of India''s leading providers of chauffeur-driven mobility
solutions, offering Chauffeured Car Rental (CCR) and Employee Transportation Services (ETS) to corporate
customers. The Company caters to the mobility requirements of businesses through a technology-enabled
platform, supported by professionally trained chauffeurs and a predominantly asset-light business model.

With over 30 years of industry experience, the Company operates across 131 cities in India and has a
presence in 30 countries through its global network. It manages one of India''s largest fleet networks of
20,000 vehicles, of which over 90% are vendor-owned, enabling scalable and efficient operations. During
FY 2025-26, the Company completed 5.23 million trips, serving 1,750 organizations, including 70
Fortune 500 companies and 75 BSE 500 companies.

The Company provides mobility solutions across diverse industry segments, including corporates, GCCs,
IT & ITeS, manufacturing, institutions, events, and B2B2C travel, while continuing to focus on operational
excellence, customer-centricity, technology-driven innovation, and sustainable growth.

MATERIAL CHANGES AND COMMITMENTS 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 AS ON THE DATE OF THE REPORT

The Company has added the following as an additional line of business:

"To undertake and carry on the business of event management in India and abroad, including organizing
corporate, government, private and social events, conferences, exhibitions, concerts, fashion shows,

roadshows, brand launches, promotional events, weddings, festivals, award functions, entertainment
shows and incentive travel, and to provide related services including venue management, decor,
fabrication, audio-visual and technical arrangements, transportation, ticketing, bookings, government
permissions and other event infrastructure and support services."

Except as stated above, there have been no material changes or commitments affecting the financial
position of the Company that have occurred between the end of the financial year to which the Financial
Statements relate and the date of this Report.

DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR
TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND FUTURE OPERATIONS OF THE COMPANY

No significant and material orders were passed by the regulators or courts or tribunals which affects the
going concern status and future operations of the Company.

MEETINGS OF THE BOARD OF DIRECTORS

The Board of Directors of the Company met 8 times during the year on the following dates:

S. No. Date of Board Meeting

1 19-05-2025

2 07-07-2025

3 12-08-2025

4 16-09-2025

5 01-10-2025

6 11-11-2025

7 11-02-2026

8 13-03-2026

In respect of aforesaid Meetings, proper notices were given and the proceedings were properly recorded,
signed and maintained in the Minutes book kept by the Company for the purpose. The intervening gap
between the Meetings was within the period prescribed under the Companies Act, 2013.

Names of the Directors on the Board, their attendance at Board Meetings during the financial year 2025-
26 is as follows:

AUDIT COMMITTEE/ NOMINATION AND REMUNERATION COMMITTEE

The Company has formed both the committee as per the provisions of the Section 177/178 of the
Companies Act, 2013. The details of the Composition of the Committees, their role, terms of reference,
meetings held and attendance thereat are given in the Corporate Governance report forming part of the
Annual Report.

Nomination and Remuneration Policy

The Nomination and Remuneration Policy of the Company was devised in accordance with Section 178 of
the Act read with the SEBI Listing Regulations. The Nomination and Remuneration Policy includes matters
related to the Director''s, Senior Management Personnel (SMPs) appointment and remuneration including
the criteria for determining qualifications, positive attributes, independence of a director and other
related matters. The Nomination and Remuneration Policy is aimed at inculcating a performance-driven
culture.

The said Policy is available on the Company''s website at https://www.ecosmobility.com/wp-
content/uploads/2022/ll/Nomination-and-Remuneration-Policy.pdf

POLICY FOR PREVENTION OF INSIDER TRADING AND CODE OF CONDUCT

The Company has adopted an Insider Trading Policy which includes Code of Conduct to regulate, monitor
and report trading by designated persons and their immediate relatives as per the requirements under
the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The Code,
inter alia, lays down the procedures to be followed by designated persons while trading/dealing in
Company''s shares and sharing Unpublished Price Sensitive Information ("UPSI"). The Policy covers
Company''s obligation to maintain a digital database, mechanism for prevention of insider trading and
handling of UPSI and the process to familiarize with the sensitivity of UPSI. Further, it also includes code
for practices and procedures for fair disclosure of unpublished price sensitive information which has been
made available on the Company''s website at https://www.ecosmobility.com/Policy-on-prohibition-of-
lnsider-Trading.pdf

The Board of Directors has laid down a Code of Conduct, which is applicable to all Directors and Senior
Management Personnel of the Company which is available on the website of the Company at
https://www.ecosmobility.com/wp-content/uploads/2022/ll/Code-of-Conduct-for-Board-Members-
and-SMPs.pdf

NAMES OF THE COMPANIES WHICH HAVE BECOME OR CEASED TO BE SUBSIDIARIES, JOINT VENTURES
OR ASSOCIATE COMPANIES

During the Financial Year 2025-26, No Companies have ceased to be Subsidiaries of the Company
however, a wholly owned subsidiary in the name of "Ecos Fleet Management Services Private Limited"
was incorporated with the objective to engage in the business of renting and leasing of motor vehicles,
providing comprehensive vehicle rental solutions to individuals and organizations, ensuring efficient and
reliable transportation services and to manage and maintain a fleet of Motor Vehicles and to provide
ancillary services related to vehicle rental and leasing.

As on 31st March, 2026, the Company continue to have the following subsidiary: -

• Ecreate Events Private Limited

• Eco Car Rental Services Private Limited

• Consulttrans Technology Solutions Private Limited

• Ecos Fleet Management Services Private Limited
The Company is not having any material Subsidiary.

PERFORMANCE AND FINANCIAL POSITION OF THE SUBSIDIARY COMPANIES

Performance and financial position of the Subsidiary Companies is in line with the planned expectation
and is estimated to grow, as appearing in the respective Financial Statements of the Subsidiary
Companies. Highlights of performance of subsidiaries and their contribution to the overall performance
of the company during the period under report are annexed in form AOC-1 as Annexure-I.

CONSOLIDATED FINANCIAL STATEMENT

In accordance with the Accounting Standard (Ind AS-110), Consolidated Financial Statements are attached
and form part of the Annual Report. Financial Statements of the Subsidiary Companies and the related
detailed information shall be made available to the Shareholders of the Company and its Subsidiaries
seeking such information at any time. The Financial Statements of the Subsidiary Companies shall also be
available for inspection by the Shareholders at the Registered Office of the Company and that of the stated
Subsidiary Companies https://www.ecosmobility.com/financial-reporting/

AUDITORS

M/s SS Kothari Mehta & Company having registration number 000756N was appointed as the Statutory
Auditors of the Company in accordance to Section 139 of the Companies Act, 2013 by the shareholders in
the Annual General Meeting held on 23^rd December 2023 for a period of (5) Five consecutive financial
years from 01st April 2023 to 31st March 2028.

AUDITORS'' REPORT

There is no qualification, reservation or adverse remarks or disclaimer made by the Auditors in their
report. Observations made in the Auditors'' Report read with Notes to the Financial Statements are self-
explanatory and therefore, do not call for any further comments under Section 134(3)(f)(i) of the
Companies Act, 2013.

SECRETARIAL AUDIT REPORT

Pursuant to Section 204 of the Companies act 2013, the company was required to appoint a Secretarial
Auditor. Therefore, your Company appointed M/s. DMK Associates, Peer reviewed firm of Practicing
Company Secretaries (FRN: P2006DE00310, Peer Review No. 6896/2025) as the secretarial auditor for a

term of 5 (five) consecutive years commencing from FY 2025-26 to FY 2029-30. The Auditors have
confirmed that they are not disqualified to continue as Secretarial Auditor of the Company.

The Secretarial Audit Report for the Financial year ending March 31, 2026 is attached as Annexure-ll to
this report. The observations given by the Auditor in their Report along with explanation to the same is as
below:

1. There was a delay of two days in submission of the Shareholding Pattern for the quarter ended
March 31, 2025 to NSE due to a technical/system-related issue. A fine of ^4,000/- (excluding GST)
was levied and subsequently paid by the Company. The Company had timely filed the
Shareholding Pattern with BSE and uploaded the same on its website within the prescribed
timeline. Upon waiver application filed by the Company, the fine was waived by NSE vide its email
dated August 1, 2025

2. There was delay of one day in submission of Standalone Integrated Financial Results for Quarter
Ended March 31, 2025 as required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-
2/ClR/P/2024/185 dated December 31, 2024 read with Regulation 23(9) of SEBI LODR
Regulations.

The response of your directors on the observation made by the Secretarial Auditor is as follows:

1. The delay was entirely due to a technical/system-related issue and the fine was waived by the
NSE upon filing of Waiver application.

2. The delay of one day in submission of Standalone Integrated Financial Results for Quarter Ended
March 31, 2025 was inadvertent and occurred due to an internal coordination and compilation
delay in finalising the Standalone Integrated Financial Results. The instance occurred during the
initial implementation phase of the revised requirement mandating listed entities to submit the
Financial in XBRL mode on the same day as the submission of the financial results in PDF mode.
As this was the first instance for the Company following the introduction of the said requirement,
additional time was required for internal coordination, compilation and review of the XBRL filing.
The Company has taken note of the matter and, following the instance, strengthened its internal
review, coordination and compliance monitoring mechanisms to ensure that XBRL filings are
completed and submitted within the prescribed timelines. The effectiveness of these measures is
demonstrated by the fact that no similar instance of delay has occurred thereafter.

DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS

During the period under review, there were no reports of any fraud committed by the management of
the Company or its employees.

CORPORATE SOCIAL RESPONSIBILITY

Pursuant to requirements of Section 135 of the Act read with the Companies (Corporate Social
Responsibility Policy) Rules, 2014 as amended from time to time and on the recommendation of the CSR
Committee, the Board has adopted a CSR Policy. With a vision to actively contribute to the social and
economic development of the society in which your Company operates, the Company has undertaken
projects/ programs directly and through Implementing Agencies, in accordance with the CSR Policy of the
Company and Schedule VII of the Act.

The detailed CSR policy is available on the Company''s website at
https://www.ecosmobility.com/corporate-social-responsibility-policy.pdf

The Annual Report on CSR activities of the Company for the FY 2025-26 is attached as ''Annexure III''
forming part of this Report.

RISK MANAGEMENT

The Company is not required to constitute a Risk Management Committee underthe applicable provisions
of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015. Nevertheless, as a matter of good governance, the Company has voluntarily constituted a Risk
Management Committee of the Board comprising of Directors and Senior Officer of the Company. The
RMC has a risk management policy that is intended to ensure that an effective risk management
framework is established and implemented within the organization. Company has adequate risk
management plans and processes in place that commensurate with the size of its business operations.
The Management of your Company has devised proper strategies to apprehend risks, take timely actions
to mitigate them and convert them to opportunities for the Company.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS MADE UNDER SECTION 186 OF THE
COMPANIES ACT, 2013

During the year under review, the Company has made investments and provided loans to its subsidiary
Companies in compliance with the provisions of Section 186 of the Companies Act, 2013. Details of loan
granted; investment made during the year are given under notes to financial statements.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH THE RELATED PARTIES

During the financial year, the Company has entered into various transactions with related parties. All
related party transactions are undertaken in compliance with the applicable provisions of the Companies
Act, 2013 and the SEBI Listing Regulations. The detailed disclosure on related party transactions as per
IND AS-24 containing name of related parties and details of the transactions entered into with them have
been provided under Notes to the standalone Financial Statements of the Company.

All the related party transactions entered into by the Company during the financial year were on arm''s
length basis and in ordinary course of the business and none of the transactions could be considered
material as covered under Section 188 (1) of the Companies Act, 2013. Accordingly, the disclosure of
related party transactions as required under Section 134(3)(h) of the Act in Form AOC-2 is not applicable
to the Company for FY 2025-2026 and hence does not form part of this report.

INTERNAL CONTROL SYSTEMS

The Company''s internal control systems are adequate and commensurate with the nature and size of the
Company and its business and they ensure: Timely and accurate financial reporting in accordance with
applicable accounting standards; Optimum utilization, efficient monitoring, timely maintenance and
safety of its assets; Compliance with applicable laws, regulations and management policies.

HUMAN RESOURCES AND INDUSTRIAL RELATIONS

The Company is pleased to report that during the year under reporting, as in several past years, industrial
and staff relations were extremely cordial.

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

The information on conservation of energy, technology absorption and foreign exchange earnings and
outgo stipulated under Section 134(3) (m) of the Companies Act, 2013 read with Rule, 8 of The Companies
(Accounts) Rules, 2014, is annexed herewith as "Annexure- IV".

COMPLIANCES ON SECRETARIAL STANDARDS

During the period under review, the Company has complied with all the applicable Secretarial Standards
i.e. Revised SS-l(Board Meetings) & Revised SS-2(Annual General Meeting) as issued by the Institute of
Company Secretaries of India in both letter and in spirit.

DISCLOSURE OF REMUNERATION OF EMPLOYEES COVERED UNDER RULE 5(2) OF THE COMPANIES
(APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014

None of the employees of your Company, who was employed throughout the Financial Year, was in receipt
of remuneration in aggregate of Rs. 1,07,07,000/- (Rupees One Crore Seven Lakh and Seven Thousand
only) or more or if employee forms part of the Financial Year was in receipt of remuneration of Rs.
8,50,000/- (Rupees Eight Lakh and Fifty Thousand only) or more per month.

The disclosure pertaining to remuneration and other details as required under Section 197(12) of the Act
read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules,
2014 is annexed as Annexure V to this Report.

The disclosures required under Rule 5(2) and 5(3) of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014 form a part of this Report. However, as Per the first proviso of 136(1)
of the Act and second proviso of Rule 5(3) of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014, the Report and Financial Statements are being sent to the Members
of the Company excluding the said statement. Any Member interested in obtaining a copy of the said
statement may write to the Company Secretary at the Registered Office of the Company.

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

The Company has zero tolerance for sexual harassment at workplace and has adopted a policy on
Prevention, Prohibition and Redressal of Sexual Harassment at workplace in line with the provisions of
the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the
Rules there under. The policy aims to provide protection to employees at the workplace and prevent and
redress complaints of sexual harassment and for matters connected or incidental thereto, with the
objective of providing a safe working environment, where employees feel secure. The Company has also
constituted an Internal Complaints Committee, known as the Prevention of Sexual Harassment (POSH)
Committee, to inquire into complaints of sexual harassment and recommend appropriate action.

WEB ADDRESS OF ANNUAL RETURN

In accordance with Section 92(3) read with Section 134(3)(a) of the Act and the Companies (Management
and Administration) Rules, 2014, the Annual Returns submitted by the Company are available on the
Company''s website at https://www.ecosmobility.com/financial-reporting/

MAINTENANCES OF COST ACCOUNTS AS PER SECTION 148 (1) OF COMPANIES ACT, 2013 READ WITH
RULE COMPANIES (COST RECORD AND AUDIT), 2018

The Company does not fall under the criteria as specified under Section 148 (1) of Companies Act, 2013
read with Companies (Cost Record and Audit) Rules, 2018 for maintenance of cost accounts. Thereby, the
Company is not required to maintain its cost records in respect of its products/ service.

APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE,
2016

During the year under review, the said clause is not applicable on the Company.

DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF ONE TIME SETTLEMENT
AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS OR FINANCIAL INSTITUTIONS

During the year under review, the said clause is not applicable on the Company.

KEY FINANCIAL RATIOS

The Key financial ratios for the financial year ended 31st March, 2026 forms part of the Management
Discussion and Analysis Report.

REGISTRAR AND SHARE TRANSFER AGENT

M/s MUFG Intime India Pvt. Ltd. (formerly known as Link Intime India Pvt. Ltd.) is the Registrar and Share
Transfer Agent of the Company for the equity shares of the Company. The members are requested to
contact the Registrar directly for any of their requirements.

LISTING ON STOCK EXCHANGES

The Company''s shares are listed on BSE Limited ("BSE") and the National Stock Exchange of India Limited
("NSE").

LISTING FEES

The Annual Listing fee for the year under review has been paid to the BSE Limited and the National Stock
Exchange of India Ltd.

COMPLIANCE OF THE PROVISIONS RELATING TO THE MATERNITY BENEFIT ACT 1961

The Company remains fully compliant with the provisions of the Maternity Benefit Act, 1961. The
Company is committed to supporting the health and wellbeing of its employees and continues to foster a
supportive and inclusive work environment for working mothers.

DISCLOSURE UNDER EMPLOYEES STOCK OPTION PLANS AND SCHEMES

The Company had adopted the ECOS Employee Stock Option Plan 2024 ("ESOP Scheme") pursuant to
approval from the shareholders with a view to reward employee performance and dedication towards
the Company; retain, attract and motivate employees and encourage employees to align performance
with the Company''s objectives and goals. Further, the mobility industry is witnessing high growth resulting
in a demand-supply gap for talent, necessitating long term incentive program such as the Scheme.
However, during the year, the Company not yet granted any stock option from the aforementioned ESOP
Scheme and accordingly details as required under Rule 12(9) of Companies (Share Capital and Debenture)
Rules, 2014 are not applicable to the Company.

CEO/CFO CERTIFICATION

In terms of the Listing Regulations, the Certificate duly signed by Mr. Hem Kumar Upadhyay, Chief
Financial Officer (CFO) of the Company was placed before the Board of Directors along with the Audited
Financial Statements for the year ended on March 31, 2026, at its meeting held on 28^th May, 2026.

ACKNOWLEDGEMENT

The Directors of the Company take this opportunity to express their sincere appreciation and gratitude
for the unwavering support and cooperation extended by the Company''s bankers, Customers, Vendors,
Central and State Government Authorities of India. The Directors also extend their heartfelt thanks to all
employees, chauffeurs for their dedication and valuable contributions throughout the year. Their
commitment and hard work have been vital to the Company''s success. Furthermore, the Directors
acknowledge and value the significant contributions made by every member of the Company. Their
collective efforts continue to drive the Company towards greater accomplishments.

For and on behalf of the Board of Directors
Ecos (India) Mobility & Hospitality Limited

Sd/-

Rajesh Loomba Aditya Loomba

(Chairman &Managing Director) (Joint Managing Director)

DIN:00082353 DIN:00082331

Date: 11.08.2026
Place: Delhi

—---- --------- ------7

Your directors have great pleasure in presenting the 29^th Annual Report together with audited statement of
accounts for the year ended 31st March, 2025.

BUSINESS OVERVIEW AND FINANCIAL HIGHLIGHTS

a) FINANCIAL PERFORMANCE

The Audited Financial Statements of your Company as on 31st March, 2025 are prepared in accordance
with the relevant applicable IND AS and Regulation 33 of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations''’) and
the provisions of the Companies Act, 2013 (“Act"). The estimates and judgments relating to the Financial
Statements are made on a prudent basis, so as to reflect in a true and fair manner, the form and substance
of transactions and reasonably present the Company''s state of affairs, profits and cash flows for the year
ended March 31, 2025. The summarized financial highlights are depicted below:

b) FINANCIAL HIGHLIGHTS AND OPERATION

The Key highlights pertaining to the business of the Company for the Financial Year 2024-25 and period
subsequent there to have been given hereunder:

During the Financial Year 2024-25, the Revenue is increased by 17.13% as compared to the previous
Financial Year 2023-24. The Company has earned standalone Net Profit of Rs. 5780.15 (In Lakhs).
Further, during the year, there is a decrease of 5.37% in the Net Profit as compared to the previous Financial
Year 2023-24.

The management of your Company continues its constant endeavor to enhance the business of the Company
and is always seeking expansion of its current business operations as also opportunities in adjacent and new
areas to achieve overall growth and improvement.

Initial Public Offer and Listing of Equity Shares

During the year under review, your Company successfully completed its Initial Public Offer (IPO) of
equity shares of face value of ? 2 each.

The IPO received an overwhelming response from investors across categories with strong participation
from Qualified Institutional Buyers (QIBs), Non-Institutional Investors (Nils), and Retail Individual
Investors (RIIs).

The equity shares of the Company were listed on the Stock Exchange(s) (NSE/BSE) on 04^th September
2024, and are actively traded under the symbol EGOS''. The listing has enhanced the Company''s
visibility, widened its shareholder base, and provided liquidity to investors.

PERFORMANCE OF THE COMPANY, STATE OF COMPANY’S AFFAIRS AND MATERIAL
DEVELOPMENT

In FY25, the Company achieved significant operational milestones. There was a 25% increase in the total
number of trips during the year, alongside the addition of 188 new customers. To strengthen brand presence,
the Company sponsored more than 30 events and conferences, ensuring greater visibility. Operational
efficiency was further optimized through driver training and technology upgrades. Additionally, 161 new
EV vehicles were added to the total managed fleet, reinforcing the Company''s commitment to sustainable
mobility solutions.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

As required by Regulation 34(2) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (Listing Regulations), a Management Discussion and Analysis Report is part of this
Report. The state of the affairs of the business along with the financial and operational developments has
been discussed in detail in the Management Discussion and Analysis Report which forms part of the Annual
Report.

COMMITTEE OF THE BOARD

The Company''s Board has constituted the following Committees prescribed under the Companies Act
and the LODR Regulations, 2015: -

1. Audit Committee

2. Stakeholders Relationship Committee

3. Risk Management Committee

4. Nomination and Remuneration Committee

5. Corporate Social Responsibility Committee

6. Independent Directors Committee

7. IPO Committee

The details of the Composition of the Committees, their role and terms of reference are given in the
Corporate Governance report.

The weblink to access the committee policy is https://www.ecosmobilitv.com/investor-relations/corporate-
governance/

DIRECTORS & KEY MANAGERIAL PERSONNEL

a) Board of Directors

As on 31st March, 2025, your Company''s Board has 6 (Six) members comprising of 2 (two)
Executive Directors and 1 (One) Non-Executive Director and 3 (Three) Non Executive Independent
Directors including 1 (One) Woman Director. The details of the Board and committee composition,
tenure of directors and other details are available in the Corporate Governance Report which forms
part of this Annual Report.

b) Key Managerial Personnel

The Company has adequate Key Managerial Personnel''s as per requirements of section 203 of the
Companies Act, 2013 as well as the SEBI (LODR) Regulations, 2015.

a. Mr. Rajesh Loomba, Chairman & Managing Director

b. Mr. Aditya Loomba, Joint Managing Director

c. Mr. Hem Kumar Upadhyay, Chief Financial Officer

d. Ms. Deepali Dev, Chief Operating Officer

e. Mr. Sanjay Sharma, Chief Business Officer-ETS

f. Ms. Shweta Bhardwaj, Company Secretary & Compliance Officer

c) Declaration of Independency of Independent Directors

Your Company has received declarations from all the Independent Directors confirming that they
meet with the criteria of independence as prescribed both under subsection (6) of Section 149 of
the Act and Regulation 16(1) (b) of the SEBI Listing Regulations and there has been no change in
the circumstances which may affect their status as an Independent Director. Further, in the opinion
of the Board, the Independent Directors also possess the attributes of integrity, expertise and
experience as required to be disclosed under Rule 8 (5) (iiia) of the Companies (Accounts) Rules,
2014. The Company has also received from them declaration of compliance of Rule 6(1) & (2)
that they have registered themselves with databank of Independent Directors as maintained by
Indian Institute of Corporate Affairs.

d) Directors liable to retire by rotation and Directors seeking re-appointment:

In accordance with the provisions of Section 152 of the Act, read with rules made thereunder and
the Articles of Association of your Company, Mr. Aditya Loomba, Joint Managing Director (DIN:
00082331) is liable to retire by rotation at the ensuing Annual General Meeting (AGM) and being
eligible, offer himself for re-appointment. The Board recommends his re-appointment for the
shareholder approval. Brief details of Directors proposed to be re-appointed, as required under
Regulation 36 of the SEBI Listing Regulations, are provided in the Notice of the ensuing AGM.
The Board upon the recommendation of the Nomination and Remuneration Committee proposes
his re-appointment. Your Board recommends passing a special resolution as per the Companies
Act, 2013 & SEBI (LODR) Regulation, 2015.

e) Relationship/Transaction of Non-Executive Directors with the Company

The Non-Executive Directors of the Company had no pecuniary relationship or transactions with
the Company, other than taking sitting fees and reimbursement of expenses incurred by them to
attend meetings of the Company.

f) Performance evaluation of the Board, its Committees and Individual Directors

Pursuant to applicable provisions of the Companies Act, 2013 and SEBI (LODR) Regulations 2015,
the Board, in consultation with its Nomination & Remuneration Committee, has formulated a
framework containing, inter-alia, the criteria for performance evaluation of the entire Board of the
Company, its Committees and Individual Directors, including Independent Directors.

The Independent Directors had met separately without the presence of Non-Independent Directors
and the members of management and discussed, inter-alia, the performance of non- Independent
Directors and Board as a whole and the performance of the Chairman of the Company after taking
into consideration the views of Executive and Non- Executive Directors.

The Nomination and Remuneration Committee has also carried out an evaluation of every Director''s
performance. The performance evaluation of all the Independent Directors has been done by the
entire Board, excluding the Director being evaluated. Based on the performance evaluation done by
the Board, it shall be determined whether to extend or continue their term of appointment, whenever
the respective term expires. The Directors expressed their satisfaction with the evaluation process

g) Familiarization Program

The details of program for familiarization of Independent Directors with the Company, their roles,
rights, responsibilities in the Company, nature of the industry in which the Company operates, the
business model and related matters are posted on the website of the Company at
https://www.ecosmobility.com/Familarisation-Programme.pdf

DIRECTORS RESPONSIBILITY STATEMENT

To the best of their knowledge and belief and according to the information and explanations obtained by
them, your Directors make the following statements in terms of Section 134(5) of the Companies Act,
2013:"

a) that in the preparation of the annual financial statements for the year ended March 31, 2025;
the applicable accounting standards have been followed along with proper explanation
relating to material departures, if any;

b) that such accounting policies as mentioned in Notes to the Financial Statements have been
selected and applied consistently and judgment and estimates have been made

c) that are reasonable and prudent so as to give a true and fair view of the state of affairs of the
Company as at March 31, 2025 and of the profit of the Company for the year ended on that
date;

d) that proper and sufficient care has been taken for the maintenance of adequate accounting
records in accordance with the provisions of the Companies Act, 2013 for safeguarding the
assets of the Company and for preventing and detecting fraud and other irregularities;

e) that the annual financial statements have been prepared on a going concern basis;

f) that proper internal financial controls were in place and that the financial controls were
adequate and were operating effectively.

g) that systems to ensure compliance with the provisions of all applicable laws were in place and
were adequate and operating effectively.

INTERNAL FINANCIAL CONTROL

Your Company has an effective internal control and risk mitigation system, which is constantly assessed
and strengthened with new/revised standard operating procedures. The Company''s internal control system
is commensurate with the size, scale and complexity of its operations. The main thrust of internal audit is
to test and review controls, appraisal of risks and business processes, besides bench marking controls with
best practices in the industry.

The Audit Committee actively reviews the adequacy and effectiveness of the internal control systems and
suggests improvements to strengthen them. The Company has a robust Management Information System,
which is an integral part of the control mechanism.

Internal Audit plays a key role in providing assurance to the Board of Directors. To maintain its objectivity
and independence, the Internal Audit function reports to the Chairman of the Audit Committee.

VIGIL MECHANISM/WHISTLE BLOWER POLICY

In compliance with the provisions of Section 177(9) of the Companies Act 2013 read with Rule 7 of the
Companies (Meetings of Board and its Powers) Rules, 2014 and SEBI (LODR) Regulations, 2015, your
Company has in place a Vigil Mechanism (Whistle blower Policy) which provides an opportunity to the
directors and employees to raise concerns about unethical and improper practices or any other wrongful
conduct in or in relation to the Company. The details of the Vigil Mechanism (Whistle Blower Policy) are
stated in the Corporate Governance Report and the said Policy has been uploaded on the Company'' s website
at https://www.ecosmobility.comAVhistle-Blower-Policy.pdf

CHANGE IN NATURE OF BUSINESS, IF ANY

There is no change in the nature of the business of the Company during the year.

DIVIDEND

The Directors are pleased to recommend the dividend amounting to INR 2.40 per Equity share for the
Financial Year 2024-25, subject to the approval of Shareholders in the Annual General Meeting.

There is no unpaid Dividend outstanding as on 31st March, 2025

DIVIDEND DISTRIBUTION POLICY

Pursuant to Regulation 43A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, as amended, your Board has approved and adopted a Dividend Distribution Policy of the Company.
The policy is available on the Company''s website under https://www.ecosmobility.com/wp-
content/uploads/2022/ll/Dividend-Distribution-Policy.pdf

DEPOSITS

The Company has neither accepted/invited any deposits from the public during the period, nor there was
any outstanding deposit of earlier years covered under Chapter V of the Companies Act, 2013 and hence
no amount of principal or interest was outstanding as at the Balance Sheet date 31st March, 2025.

TRANSFER TO RESERVES

The board of directors has decided to transfer Rs. 5780.15 (In Lakhs) to the reserves of the company
during the period under review.

CAPITAL STRUCTURE

There is no change in the Authorized, Issued, Subscribed and Paid- up Share Capital of the Company
during the year.

a) Authorized Share Capital

The Authorized share capital of the Company is Rs. 15,00,00,000/- divided into 75000000/- equity
share of Rs. 2/- each.

b) Paid-up Share Capital

The paid-up share capital of the Company is Rs. 12,00,00,000/- divided into 60000000/- equity share of
Rs. 2/- each.

Other mandatory disclosures as per Companies Act, 2013 are provided here under: -

a. Issue of Equity Shares with Differential Rights:

During the period under review, the Company has not issued any Equity Shares with Differential
Rights.

b. Issue of Employee Stock Options:

During the period under review, the Company has ratified the ECOS Employee Stock Option Plan,
2024 on 17^th February, 2025 by postal ballot as stated in Rule 12(9) of Companies (Share Capital
and Debenture Rules, 2014).

c. Issue of Sweat Equity Shares:

During the period under review, the Company has not issued any sweat equity shares as specified
in Rule 8(13) of Companies (Share Capital and Debenture Rules, 2014).

INDUSTRY SCENARIO AND STATE OF COMPANY’S AFFAIRS

Brief description of the nature of business of the Company

Company is engaged in the business of ground transportation services. Focus of the company is on
delivering the quality services to big corporate houses, luxury hotels, tour operators, BPO''s and other
individuals across India.

Company provides corporate chauffeur services, limousine services, short term rental, long term rental,
self-drive, operating lease and fleet management services in order to meet the safe, affordable and hassle-
free ground transportation requirement of travelers.

The Company continues to conduct its business operations diligently in accordance with prescribed
provisions of the Acts applicable on the Company during the Financial Year ended on 31st March, 2025.

MATERIAL CHANGES AND COMMITMENTS 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 AS
ON THE DATE OF THE REPORT

No material changes and commitments affecting the financial position of the Company have occurred
between the end of the Financial Year of the Company to which the Financial Statements relate and as on
the date of this report.

DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS
OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND FUTURE
OPERATIONS OF THE COMPANY

No significant and material orders were passed by the regulators or courts or tribunals which affects the
going concern status and future operations of the Company.

MEETINGS OF THE BOARD OF DIRECTORS

The Board of Directors of the Company met 15 times during the year on the following dates:-

In respect of which proper notices were given and the proceedings were properly recorded, signed and
maintained in the Minutes book kept by the Company for the purpose. The intervening gap between the
Meetings was within the period prescribed under the Companies Act, 2013.

Names of the Directors on the Board, their attendance at Board Meetings during the financial year 2024-
25 is as follows:

AUDIT COMMITTEE/ NOMINATION AND REMUNERATION COMMITTEE

The Company has formed both the committee as per the provisions of the Section 177/178 of the
Companies Act, 2013.

NAMES OF THE COMPANIES WHICH HAVE BECOME OR CEASED TO BE SUBSIDIARIES,
JOINT VENTURES OR ASSOCIATE COMPANIES

During the Financial Year 2024-25, No Companies have ceased to be Subsidiaries of the Company.

However, as on 31^st March, 2025, the Company continue to have the following subsidiary: -

Ecreate Events Pvt Ltd

Eco Car Rental Services Pvt Ltd

Consulttrans Technology Solutions Private Limited

The Company is not having any material Subsidiary.

PERFORMANCE AND FINANCIAL POSITION OF THE SUBSIDIARY COMPANIES

Performance and financial position of the Subsidiary Companies is in line with the planned expectation and
is estimated to grow, as appearing in the respective Financial Statements of the Subsidiary Companies.
Highlights of performance of subsidiaries and their contribution to the overall performance of the company
during the period under report are annexed in form AOC-1 as Annexure-I.

CONSOLIDATED FINANCIAL STATEMENT

In accordance with the Accounting Standard (AS-21), Consolidated Financial Statements are attached and
form part of the Annual Report. Financial Statements of the Subsidiary Companies and the related detailed
information shall be made available to the Shareholders of the Company and its Subsidiaries seeking such
information at any time. The Financial Statements of the Subsidiary Companies shall also be available for
inspection by the Shareholders at the Registered Office of the Company and that of the stated Subsidiary
Companies.

AUDITORS

M/s SS Kothari Mehta & Company having registration number 00075 6N was appointed as the Statutory
Auditors of the Company in accordance to Section 139 of the Companies Act, 2013 by the shareholders in
the Annual General Meeting held on 23^rd December 2023 for a period of (5) Five consecutive financial
years from 01st April 2023 to 31st March 2028.

AUDITORS’ REPORT

There is no qualification, reservation or adverse remarks or disclaimer made by the Auditors in their
report. Observations made in the Auditors'' Report read with Notes to the Financial Statements are self-
explanatory and therefore, do not call for any further comments under Section 134(3)(f)(i) of the
Companies Act, 2013.

DETAIUS IN RESPECT OF FRAUDS REPORTED BY AUDITORS

During the period under review, there were no reports of any fraud committed by the management of the
Company or its employees.

SECRETARIAU AUDIT REPORT

M/s DMK Associates (Firm Registration No. P2006DE003100) was appointed as secretarial auditor with
effect from 18.07.2024 for performing secretarial audit for the financial year 2024-25 and for obtaining
Secretarial Audit Report for the respective year. The Secretarial Audit Report is attached as Annexure-II
to this report. The said report does not contain any qualification, reservation, adverse Remark or
disclaimer.

Based on the recommendation of the Audit Committee, the Board of Directors approved and recommended
for shareholders'' approval, the appointment of M/s DMK Associates, peer reviewed firm of Practicing
Company Secretaries, as Secretarial Auditors of the Company, for a first term of 5 consecutive years
commencing from Financial Year 2025-26.

CORPORATE SOCIAU RESPONSIBIUITY

As the said provisions are applicable to the Company therefore the Company has developed and
implemented the Corporate Social Responsibility initiatives.

The CSR Policy of the Company and the details about the initiatives taken by the Company on CSR during
the year as per the Companies (Corporate Social Responsibility Policy) Rules, 2014 have been disclosed in
Annexure-III to this Report.

During the current financial year, the Company contributed Rs. 21.14 lakhs to Rotary Foundation (Ind)
toward an ongoing initiative managed by the Trust -the procurement and distribution of 765 cervical cancer
vaccines to A11MS Delhi. As of March 31, 2025, these fund are yet to be utilised for vaccine distribution,
resulting in an unspent CSR liability of Rs. 21.14 lakhs retained by the Trust.

The Company has initiated a project titled "AIIMS ECOS HPV Vaccine Project”, undertaken through its
Implementing Agency, Rotary Club of Delhi West / Rotary District 3011, via its trust Sarvarth Foundation.
Under this project, HPV vaccines will be provided to schoolgirls to support preventive healthcare and
promote long-term women''s health. The implementation will be carried out in phases, as Schools first need
to be identified for conducting the vaccination drive. Vaccines cannot be administered in a single round, as

it requires creating awareness and convincing parents to consent to their daughters receiving the
vaccination. Accordingly, the project will be executed in multiple parts/stages to ensure effective outreach
and participation. So the amount which allocated towards this project is pending to spend. However, this
amount has already been transferred to the implementing agency for its implementation

VIGIL MECHANISM

The Company promotes ethical behavior in all its business activities. However, the Company has not
accepted any deposits from the public; nor has the Company borrowed money from banks and public
financial institutions in excess of fifty crore rupees, therefore it is not required to establish any Vigil
Mechanism for the period under review.

RISK MANAGEMENT

The Company has constituted a Risk Management Committee (RMC) of the Board comprising of Directors
and Senior Executives of the Company. The RMC has a risk management policy that is intended to ensure
that an effective risk management framework is established and implemented within the organization.
Company has adequate risk management plans and processes in place that commensurate with the size of
its business operations. The Management of your Company has devised proper strategies to apprehend
risks, take timely actions to mitigate them and convert them to opportunities for the Company.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS MADE UNDER SECTION
186 OF THE COMPANIES ACT, 2013

During the year under review, the Company has provided a loan to its wholly-owned subsidiary Company
in compliance with the provisions of Section 186 of the Companies Act, 2013 to meet its working capital
requirements. Details of loan granted, investment made during the year are given under notes to financial
statements.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH THE RELATED
PARTIES

During the financial year, the Company has entered into various transactions with related parties. All related
party transactions are undertaken in compliance with the applicable provisions of the Companies Act, 2013
and the SEBI Listing Regulations. The detailed disclosure on related party transactions as per IND AS-24
containing name of related parties and details of the transactions entered into with them have been provided
under Notes to the standalone Financial Statements of the Company.

All the related party transactions entered into by the Company during the financial year were on arm''s
length basis and in ordinary course of the business and none of the transactions could be considered material
as covered under Section 188 (1) of the Companies Act, 2013. Accordingly, the disclosure of related party
transactions as required under Section 134(3)(h) of the Act in Form AOC-2 is not applicable to the
Company for FY 2024-2025 and hence does not form part of this report.

INTERNAL CONTROL SYSTEMS

The Company''s internal control systems are adequate and commensurate with the nature and size of the
Company and its business and they ensure:

Timely and accurate financial reporting in accordance with applicable accounting standards;

Optimum utilization, efficient monitoring, timely maintenance and safety of its assets;

Compliance with applicable laws, regulations and management policies.

HUMAN RESOURCES AND INDUSTRIAU REUATIONS

The Company is pleased to report that during the year under reporting, as in several past years, industrial
and staff relations were extremely cordial.

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

The information on conservation of energy, technology absorption and foreign exchange earnings and
outgo stipulated under Section 134(3) (m) of the Companies Act, 2013 read with Rule, 8 of The
Companies (Accounts) Rules, 2014, is annexed herewith as "Annexure- IV''’.

COMPUIANCES ON SECRETARIAU STANDARDS

During the period under review, the Company has complied with all the applicable Secretarial Standards
i.e. Revised SS-l(Board Meetings) & Revised SS-2(Annual General Meeting) as issued by the Institute of
Company Secretaries of India in both letter and in spirit.

DISCUOSURE OF REMUNERATION OF EMPUOYEES COVERED UNDER RUUE 5(2) OF
THE COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAU
PERSONNEU) RUUES, 2014

None of the employees of your Company, who was employed throughout the Financial Year, was in
receipt of remuneration in aggregate of Rs. 1,07,07,000/- (Rupees One Crore Seven Lakh and Seven
Thousand only) or more or if employee form the part of the Financial Year was in receipt of remuneration
of Rs. 8,50,000/- (Rupees Eight Lakh and Fifty Thousand only) or more per month.

The disclosure pertaining to remuneration and other details as required under Section 197(12)
of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014 is annexed as Annexure V to this Report.

The disclosures required under Rule 5(2) and 5(3) of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014 form a part of this Report. However, as Per the first proviso of 136(1)
of the Act and second proviso of Rule 5(3) of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014, the Report and Financial Statements are being sent to the Members of
the Company excluding the said statement. Any Member interested in obtaining a copy of the said statement
may write to the Company Secretary at the Registered Office of the Company.

DIRECTORS’ RESPONSIBILITY STATEMENT

Pursuant to the requirements of Section 134(5) of the Companies Act, 2013, it is hereby confirmed that:

a) in the preparation of the annual accounts, the applicable Accounting Standards have been followed
along with proper explanation relating to material departures;

b) the Directors had selected such accounting policies and applied them consistently and made
judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state
of affairs of the Company at the end of the financial year and the profit of the Company for the period
ended 31.03.2025;

c) the Directors have taken proper and sufficient care for the maintenance of adequate accounting
records in accordance with the provisions of the Companies Act 2013, for safeguarding the assets of
the Company and for preventing and detecting fraud and other irregularities;

d) that the Directors had prepared the annual accounts on a going concern basis; and

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

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

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

The Company has zero tolerance for sexual harassment at workplace and has adopted a policy on
Prevention, Prohibition and Redressal of Sexual Harassment at workplace in line with the provisions of the
Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the
Rules there under. The policy aims to provide protection to employees at the workplace and prevent and
redress complaints of sexual harassment and for matters connected or incidental thereto, with the objective
of providing a safe working environment, where employees feel secure. The Company has also constituted
an Internal Complaints Committee, known as the Prevention of Sexual Harassment (POSH) Committee, to
inquire into complaints of sexual harassment and recommend appropriate action.

WEB ADDRESS OF ANNUAL RETURN

The company have a functional website and the web address to access the Annual Return for the FY 24-
25 is https://www.ecosmobility.com/investor-relations/financials/

MAINTENANCES OF COST ACCOUNTS AS PER SECTION 148 (1) OF COMPANIES ACT,
2013 READ WITH RULE COMPANIES (COST RECORD AND AUDIT), 2018

The Company does not fall under the criteria as specified under Section 148 (1) of Companies Act, 2013
read with Companies (Cost Record and Audit) Rules, 2018 for maintenance of cost accounts. Thereby,
the Company is not required to maintain its cost records in respect of its products/ service.

APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE INSOLVENCY AND
BANKRUPTCY CODE, 2016

During the year under review, the said clause is not applicable on the Company.

DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF ONE
TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE
BANKS OR FINANCIAL INSTITUTIONS

During the year under review, the said clause is not applicable on the Company.

KEY FINANCIAL RATIOS

The Key financial ratios for the financial year ended 31st March, 2025 forms part of the Management
Discussion and Analysis Report.

REGISTRAR AND SHARE TRANSFER AGENT

M/s MUFG Intime India Pvt. Ltd. (formerly known as Link Intime India Pvt. Ltd.) is the Registrar and
Share Transfer Agent of the Company for the equity shares of the Company. The members are requested
to contact the Registrar directly for any of their requirements.

LISTING ON STOCK EXCHANGES

The Company''s shares are listed on BSE Limited ("BSE") and the National Stock Exchange of India
Limited ("NSE").

LISTING FEES

The Annual Listing fee for the year under review has been paid to the BSE Limited and the National
Stock Exchange of India Ltd.

The Company has complied with the provisions of the Maternity Benefit Act, 1961.

There was no transfer of unpaid and unclaimed amount to Investor Education and Protection Fund
(IEPF);

DISCLOSURE UNDER EMPLOYEES STOCK OPTION PLANS AND SCHEMES

The Company had adopted the ECOS Employee Stock Option Plan 2024 ("ESOP Scheme") pursuant to
approval from the shareholders in their meetings held through postal ballot. The e-voting period for the
same was from 15^th January 2025 to 15^th February 2025 with a view to reward employee performance and
dedication towards the Company; retain, attract and motivate employees and encourage employees to align
performance with the Company''s objectives and goals. Further, the mobility industry is witnessing high
growth resulting in a demand-supply gap for talent, necessitating long term incentive programmes such as
the Scheme.

AWARDS & RECOGNITION

In its constant quest for growth and excellence, Ecos has been honoured and recognised at various forums.
Over the years, our efforts have been rewarded with prestigious awards and accolades, including the
National Award conferred by the Government of India in 2013, 2014, 2015, and 2016.

ACKNOWLEDGEMENT

The Management places on record its sincere appreciation for the ongoing valuable contribution made by
the Company''s staff and all the other stakeholders during the year under review and wishes to further
place on record its sincere thanks to all the Customers, Suppliers, Bankers and Central and State
Government Authorities for extending support to your Company.

For and on behalf of the Board of Directors
Ecos (India) Mobility & Hospitality Limited

Sd/-

Rajesh Loomba
(Chairman & Managing Director)
DIN: - 00082353
E-l 1/4 Vasant Vihar-1,
Delhi India 110057

Sd-

Aditya Loomba
(Joint Managing Director)
DIN: -00082331
E-l 1/4 Vasant Vihar-1,
Delhi India 110057

Date: 12^th August, 2025
Place: New Delhi

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