To The Members

Kaiser Corporation Limited

Mumbai

Your Directors' arc pleased to present the Thirty Third Annual Report of your Company with the Consolidated Audited Accounts for the year ended March 31,2026.

1. FINANCIAL RESULTS

(Amount in Lakhs)

CONSOLIDATED:

Your Company's consolidated total income was to the tunc of Rs. 1525.53 lakhs compared to the consolidated income of Rs. 2173.80 lakhs for the previous year with the net loss of Rs. 200.44 lakhs compared to the net loss of Rs. 196.77 lakhs for the previous year. The Turnover has reduced as compared to the previous year resulting ino the loss of Rs. 200.44 lakhs on account of overall reduction in the business activities, coupled with the increase in the overhead epenses, however your Directors are confident that the company will be able to generate higher turnover and will be able to generate the Profitability in the current year Your Directors are taking corrective steps to increase the business activities with the control over the expenses and trying to increase its products in the currentyear.

During the year, Kaiser continued to strengthen its position with increased business activities. In a challenging operating environment,your Company reported a resilientperformance.

STANDALONE:

The standalone total income was to the tune of Rs. 82.59 lakhs compared to the standalone income of Rs. 73.25 lakhs for the previous year which has been increased marginally.

Your company with its subsidiary is presently in the business of Compounding for Trunkey project management, engineering services and printing of labels, packaging materials, Magazines and articles of stationery. Your Directors are taking various steps and has been looking after other lucrative business opportunities.

2. RESERVES

The net movement in the reserves of the Company for FY25 and the previous year are as follows:

(Rs. In lakh)

No amount was transferred to General Reserves.

3. FINANCIAL STATEMENTS

The Company's financial statements have been prepared in accordance with the Indian Accounting Standards (Ind AS) mandated under Section 133 of the Companies Act, 2013, read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, and subsequent amendments thereto.

These statements give a true and fair view of the company's financial position, financial performance, cash flows, and changes in equity in compliance with Ind AS and the presentation and disclosure requirements prescribed under Schedule III to the Companies Act.

4. SHARE CAPITAL

As on March 31, 2026, the Authorised Share Capital of the Company stood at Rs. 10,00,00,000/- (Rupees Ten Crores Only), divided into 10,00,00,000 (Ten Crores) equity shares of Rs. 1/- (Rupees One) each.

As on the same date, the Issued, Subscribed and Paid-up Share Capital of the Company stood at Rs. 5,26,21,020/- (Rupees Five Crores Twenty Six Lakhs Twenty One Thousand and Twenty Only), comprising 5,26,21,020 (Five Crores Twenty Six Lakhs Twenty One Thousand and Twenty Only) equity shares of Rs. 1/- each.

5. DIVIDEND

During the financial year 2025-26,Your Directors do not recommend any dividend for the year ended March 31,2026.

6. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

a. Economic Overview

The Indian economy continued to demonstrate resilience during the financial year 2025-26 amidst evolving global economic conditions. Sustained domestic demand, infrastructure development, increasing digital adoption, policy reforms and government initiatives aimed at enhancing manufacturing and ease of doing business contributed to stable economic growth. Consumer spending remained robust across several sectors, including food processing, hospitality and mobility solutions, providing opportunities for businesses to expand and diversify.

The Government'scontinued focus on improving agricultural productivity, food processing, tourism infrastructure and sustainable transportation is expected to support long-term growth across the Company's business verticals.

b Industry Overview

Printing Industry

The global commercial printing market is valued between USD 350 and 520 billion, projected to grow at a 3.6% to 3.8% CAGR. While Asia-Pacific holds over 37% of the market share, key growth drivers include print-on-demand, automated pre-press workflows, and a rapid shift toward sustainable packaging solutions.

c. Financial Overview

The Company Financial performance for the year is similar to that of the previosu year. The Financial Statement of the Company with its subsidiary is prepared in accordance with Ind AS (Referred to as Accounting standards) as prescribed under Section 133 of The Companies Act 2013. Proper Accounting policies while preparing Financial Statements are disclosed in notes to accounts.

The Company's consolidated total income was to the tune of Rs. 1525.53 lakhs compared to the consolidated income of Rs. 2173.80 lakhs for the previous year with the net loss of Rs. 200.44 lakhs compared to the net loss of Rs. 196.77 lakhs for the previous year.

The standalone total income was to the tunc of Rs. 82.59 lakhs compared to the standalone income of Rs. 73.25 lakhs for the previous year which has been increased marginally.

d. Opportunities

Greatest interest in using Technology to drive business growth and accelerated adoption of Public Cloud and great acceptance of E-Service platform. Overall business activities post pandemic has increased with great opportunities but still the industry has not recovered fully on domestic and international level and the effect of full revival will be reflected after six months.

e. RisksAndConcems

Many established businesses and new entrants vying for market share in the industry, which is marked by a high degree of competitiveness. This results in strong pricing intensity, diminished pricing power, and increased marketing and advertising expenditures. Changes

in economic conditions, such as inflation or recession, can have a detrimental effect on consumer spending and the demand for the products. This can result in decreased sales and revenue for businesses within the industry.

f. Internal Control Systems And Their Adequacy

There is adequate internal control system in the company through internal Audit and regular operations review with highest and most ethical standards of Quality, Technical Expertise, Consistency and Customization imparted through the experience, training, knowledge and innovative process implementation providing value for money to customers regularly.

The Company through its subsidiary understands the challenges of coping with quality based pricing and helping to meet the objectives in time and on budget.

Periodical physical verification of stocks during the year and adjustment of discrepancies between the physical verification and the books are recorded appropriately.

g. Human Resources

Frequent communication by Directors and team connects, rewards & recognition, and policy/process changes were in place to keep the employees engaged and motivated. Putting employee's safety and well being is a key to the success and growth of The Company. The Company aims to attracts, develop, motivate and retain diversified talent which is critical for success of the Company. The Company through its Subsidiary's talent management strategy seeks to maximize the potential of every employee by creating purpose driven, inclusive, stimulating and rewards work environment while fueling business growth.

h. Safety and Health

Health and safety continues to be one of the most important values at Kaiser with its subsidiary. The Company has a comprehensive approach to ensure that all employees, associates, assets and the environment are protected from harm to achieve 'Target Zero Harm'. It has adopted a proactive approach to health and safety management, which includes creating policies and procedures to promote safe working practices and providing appropriate training to employees.

Additionally, the Company is also ensuring that it has the right systems in place to monitor performance and identify potential risks before they become an issue. By taking these steps, TCL ensures that its commitment to 'Target Zero Harm' is met. The Company has a Board- level Safety, Health, Environment and Sustainability policy.

i. Outlook

Your company continue to look for ways to achieve greater business success. Whether the measure is growth, profit, return on investment, market share, or another similar way, and this means increasing shareholder value. With the concept of the value delivery process solidlyinmind,yourcompanyincreasesshareholdervaluesfortimeto time.

j. Cautionary Statement

This document contains statements about expected future events, financial and operating results of your Company, which are forward-looking. By their nature, forward-looking statements require the Company to make assumptions and are subject to inherent risks and uncertainties. Readers are cautioned not to place undue reliance as several factors could cause assumptions, actual future results and events to differ materially from those expressed. Accordingly, this document is subject to the disclaimer and qualified in its entirety by the assumptions, qualifications and risk factors referred to in the management's discussion and analysis of Kaiser's Intergrated Annual Report F.Y. 2025-26

7. INTERNAL CONTROL SYSTEMS AND RISK MANAGEMENT STRATEGY

The Company has an adequate system of internal controls to safeguard and protect itself from loss, unauthorized use or disposition of its assets. All the transactions are properly authorized, recorded and reported to the management. The Company is following all the applicable accounting standards for properly maintaining the books of accounts and reporting financial statements. The management of the Company checks and verifies the internal control and monitors them in accordance with policies adopted by the Company. The Company continues to ensure proper and adequate systems and procedures commensurate with its size and nature of its business.

8. CHANGE IN NATURE OF BUSINESS

There has been no change in the business of the Company during the financial year ended March 31,2026.

9. MATERIAL CHANGES AND COMMITMENTS AFFECTING FINANCIAL POSITION BETWEEN THE END OF THE FINANCIAL YEAR AND DATE OF REPORT

There have been no material changes and commitments, affecting the financial position of the Company, which have occurred between the end of the financial year of the Company and the date of this Report.

10. SUBSIDIARY, JOINT VENTURE AND ASSOCIATE COMPANIES

The Company had only one Subsidiary as on 31 March 2026 (i.e. Xicon I nternational Limited) and there has been no material change in the nature of the business of the subsidiary. There are no associates or joint venture companies within the meaning of Section 2(6) of The Companies Act, 2013 (Act).

The consolidated financial statements of the company and its subsidiary are prepared in accordance with the accounting standards issued by the Institute of Chartered Accountants of India, forms part of the Annual Report and are reflected in the consolidated financial statements of the company.

Pursuant to the provisions of Section 136 of the Act, the financial statements of the company, consolidated financial statements along with relevant documents and separate audited accounts in respect of its Subsidiary is available on the website of the company.

The annual accounts of its Subsidiary and related detailed information will be kept at the registered office of the company, as also at the registered office of the respective subsidiary company and will be available to Investors seeking information at anytime.

A report on the performance and financial position of the subsidiary in AOC-1 is annexed to the report under Rule 8 of The Companies (Accounts) Rules 2014 as per Annexure A.

11. CORPORATEGOVERNANCE

In accordance with Regulation 15 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR), the Company is not required to submit a separate Corporate Governance Report under Regulation 27 (2) for the financial year 2025-26.

Under Regulation 15 (2) (a), listed entities are exempt from general Corporate Governance provisions (Regulations 17-27, certain sub-clauses of Regulation 46, and parts of Schedule V] only if both:

Paid-up equity share capital Rs. 10 crore, and Net worth Rs. 25 crore, as on the last day of the previous financial year.

Given that our share capital and/or net worth thresholds are not met under these dual limits, the regulatory exemption applies, and therefore, no separate Corporate Governance Report has been included in the Annual Report.

The Company reaffirms its commitment to comply with all applicable Corporate Governance norms as laid down under applicable SEBI and statutory regulations if and when it crosses the prescribed thresholds in future periods. (Refer Annexure B).

12. EXTRACT OF ANNUAL RETURN

In accordance with the requirements of Section 92 (3) of the Companies Act, 2013 and Rule 12(1) of the Companies (Management and Administration) Rules, 2014, a copy of Annual Return in Form MGT-7 is placed on the website of the Company as part of Company's Annual Report 2025- 26 at the following https://kaiserpress.com/investor-relations?node=section-annual-reports- return.

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

During the year under review, no significant or material orders were passed by any Regulators, Courts, or Tribunals which could impact the going concern status of the Company or its future operations.

14. BOARD OF DIRECTORS

Your Company's Board is duly constituted and is in compliance with the requirements of the Act, the Listing Regulations and provisions of the Articles of Association of the Company. Your Board has been constituted with requisite diversity, wisdom, expertise and experience commensurate to the scale of operations of your Company.

i. *Mr. Rajendra Vazeand Mrs.Anagha Korde term ofappointmentcame to an end on 29.09.2025

ii. #Mr. Vipul Dave resigned as an Additional Director in the capacity of Non-Executive Independent Director with effect from May 7,2025, pursuant to the provisions of the Companies Act, 2013.

iii. @Mrs. Hufrish Variava resigned as Non-Executive Independent Director with effect from 17.07.2026 pursuant to the provisions of the Companies Act, 2013.

iv. $Ms. Anchal Yadav was appointed as an Additional Director in the capacity of Non-Executive Director with effect from May 26,2026, pursuant to the provisions of the Companies Act, 2013.

v. &Ms. Radhika Gaud was appointed as an Additional Director in the capacity of Non-Executive Director with effect from July20,2026, pursuant to the provisions of the Companies Act, 2013.

vi. ^A Ms. Kavita Sharma was appointed as an Additional Director in the capacity of Additional Executive Director with effect from July 28, 2026, pursuant to the provisions of the Companies Act, 2013.

vii. None of the directors of the Company are debarred from holding the office of Director by virtue of any SEBI order or order by any other competent authority.

In the opinion of the Board, the independent directors possess appropriate balance of skills, experience and knowledge, as required.

Retirement by Rotation - Independent directors hold office for a fixed term not exceeding five years from the date of their appointment and are not liable to retire by rotation. The Act mandates that at least two-thirds of the total number of directors (excluding independent directors) shall be liable to retire by rotation. Accordingly, Mr. Bhushanlal Arora (DIN 00416032) directors, being the longest in the office among the directors liable to retire by rotation, retire from the Board this year and, being eligible, have offered himself for re-appointment.

Brief resume and other relevant details of the Director proposed to be appointed / re-appointed are given in the Explanatory.

I. KEY MANAGERIAL PERSONNEL (KMP)

During the financial year under report, the following persons were the Key Managerial Personnel of the Company.

II. NUMBER OFMEETINGS AND ATTENDANCE:

In compliance with Section 134(3)(b) of the Companies Act, 2013 and Secretarial Standard-1 (SS-1), the Company convened six Board meetings during the financial year 2025-26. Detailed notices, agendas and supporting papers were circulated well in advance, enabling Directors to plan their schedules and participate meaningfully:

Dates of Meetings: April 16,2025, May 30,2025, July 30,2025, August 16,2025, September 29, 2025, October 17,2025, November 14,2025, January 27,2026, February 26,2026 and March 27, 2026 adjourned to March 31,2026.

Notes:

"Meetings Eligible" represents the number of Board Meetings held during the period for which the Director held office during the financial year.

$Ms. Anchal Yadav was appointed as an Additional Director in the capacity of Non-Executive Director with effect from May 26,2026, i.e., after the close of the financial year ended March 31, 2026. Accordingly, she was not eligible to attend any Board Meeting held during the financial year.

&Ms. Radhika Gaud was appointed as an Additional Director in the capacity of Non-Executive Director with effect from July 20, 2026, i.e., after the close of the financial year ended March 31, 2026. Accordingly, she was not eligible to attend any Board Meeting held during the financial year.

A Ms. Kavita Sharma was appointed as an Additional Director in the capacity of Additional Executive Director with effect from July 28, 2026, i.e., after the close of the financial year ended March 31, 2026. Accordingly, she was not eligible to attend any Board Meeting held during the financial year.

The attendance of the Directors who held office during the financial year has been duly recorded in the minutes of the respective Board Meetings, which were confirmed at the subsequent Board Meetings, in compliance with the requirements of Secretarial Standard-1 on Meetings of the Board of Directors (SS-1).

15. COMPOSITION OFCOMMITTEES AND ATTENDANCE:

A. AUDIT COMMITTEE :

The Audit Committee of the Board is constituted in accordance with the provisions of Section 177 of the Companies Act, 2013 and Regulation 18 read with Part C of Schedule 11 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

During the financial year under review, Mr. Rajendra Vaze and Mrs. Anagha Korde, their term as Independent Non-Executive Director came to an end on September 29, 2025. Accordingly, the Audit Committee was reconstituted with effect from September 29, 2025, and comprised the following members:

The terms of reference of the Audit Committee are in conformity with the provisions of Section 177 of the Companies Act, 2013 and Regulation 18 read with Part C of Schedule II of the SEBI Listing Regulations. The Committee, inter alia, oversees the financial reporting process, reviews the quarterly, half-yearly and annual financial statements and results, evaluates the adequacy and effectiveness of the internal financial controls and internal audit function, recommends the appointment, remuneration and terms of appointment of the Statutory Auditors and Internal Auditors, reviews audit observations and management responses thereto, examines related party transactions, scrutinizes inter-corporate loans and investments, and performs such other functions as are prescribed under the applicable laws and the Charter of the Committee.

During the financial year 2025-26, six (6) meetings of the Audit Committee were held on May 30, 2025, July 30,2025, October 17,2025, November 14,2025, January 27,2026 and March 27,2026 adjourned to March 31,2026. The gap between any two consecutive meetings did not exceed one hundred and twenty days. The attendance of the members at the meetings is given below:

Note:

i. *Mr. Rajendra Vaze and Mrs. Anagha Korde, their term as Independent Non-Executive Director came to an end on September 29,2025.

Reconstitution after the close of the Financial Year

Upon the resignation of Mrs. Hufrish Variava from the office of Director with effect from July 17, 2026, she consequently ceased to be the Member of the Audit Committee. Thereafter, subsequent to the close of the financial year, the Board, through circular resolution on July 22, 2026, appointed Ms. Radhika Gaud as an Additional Director (Non-Executive Independent Director) and reconstituted the Audit Committee with effect from the same date. Accordingly, the composition of the Audit Committee with effect from July 22,2026 is as follows:

A. NOMINATION AND REMUNERATION COMMITTEE:

The Nomination and Remuneration Committee ("NRC") of the Board is constituted in accordance with the provisions of Section 178 of the Companies Act, 2013 read with the applicable rules made thereunder and Regulation 19 read with Part D of Schedule II of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

During the financial year under review, Mr. Rajendra Vaze and Mrs. Anagha Korde, their term as Independent Non-Executive Director came to an end on September 29, 2025. Accordingly, the Nomination and Remuneration Committee was reconstituted with effect from September 29, 2025, and comprised the following members:

The Committee identifies persons who are qualified to become Directors and who may be appointed in senior management, recommends their appointment and remuneration, formulates the criteria for determining qualifications, positive attributes and independence of Directors, carries out evaluation of the performance of the Board, its Committees and individual Directors, and discharges such other responsibilities as prescribed under Section 178 of the Companies Act, 2013, Regulation 19 read with Part D of Schedule II of the SEBI Listing Regulations and the Nomination and Remuneration Policy ofthe Company.

During the financial year 2025-26, two (2) meetings of the Nomination and Remuneration Committee were held on July 30, 2025 and March 27, 2026 adjourned to March 31, 2026. The attendance ofthe members at the meetings was as follows:

Note:

i *Mr. Rajendra Vaze and Mrs. Anagha Korde, their term as Independent Non-Executive Director came to an end on September 29,2025.

Reconstitution after the close ofthe Financial Year

Upon the resignation of Mrs. Hufrish Variava from the office of Director with effect from July 17, 2026, she consequently ceased to be the Member of the Nomination and Remuneration Committee. Thereafter, subsequent to the close ofthe financial year, the Board, through circular resolution on July 22, 2026, appointed Ms. Radhika Gaud as an Additional Director (Non- Executive Independent Director) and reconstituted the Nomination and Remuneration Committee with effect from the same date. Accordingly, the composition ofthe Nomination and Remuneration Committee with effect from July 22,2026 is as follows:

C. STAKEHOLDER RELATIONSHIP COMMITTEE:

The Stakeholders' Relationship Committee ("SRC"] of the Board is constituted in accordance with the provisions of Section 178(5] of the Companies Act, 2013 and Regulation 20 read with Part D of Schedule II of the SEBI (Listing Obligations and Disclosure Requirements] Regulations, 2015.

During the financial year under review, Mr. Rajendra Vaze and Mrs. Anagha Korde, their term as Independent Non-Executive Director came to an end on September 29, 2025. Accordingly, the Stakeholder Relationship Committee was reconstituted with effect from September 29, 2025, and comprised the following members:

The Committee oversees and reviews matters relating to the redressal of security holders' and investors' grievances, including complaints relating to transfer and transmission of securities, issue of duplicate share certificates, dematerialisation and rematerialisation of shares, non- receipt of dividends, annual reports and other investor-related matters. The Committee also performs such other functions as are prescribed under Section 178 of the Companies Act, 2013 and Regulation 20 read with Part D of Schedule II of the SEBI Listing Regulations.

During the financial year 2025-26, four (4) meetings of the Stakeholders' Relationship Committee were held on April 16, 2025, July 30, 2025, October 17, 2025 and January 27, 2026. The attendance of the members at the meetings was as follows:

Note:

i. *Mr. Rajendra Vaze and Mrs. Anagha Korde, their term as Independent Non-Executive Director came to an end on September 29,2025.

Reconstitution after the close of the Financial Year

Upon the resignation of Mrs. Hufrish Variava from the office of Director with effect from July 17,2026, she consequently ceased to be the Member of the Stakeholder Relationship Committee. Thereafter, subsequent to the close of the financial year, the Board, through circular resolution on July 22, 2026, appointed Ms. Radhika Gaud as an Additional Director (Non-Executive Independent Director] and reconstituted the Stakeholder Relationship Committee with effect from the same date. Accordingly, the composition of the Stakeholder Relationship Committee with effect from July 22,2026 is as follows:

D. MEETING OF INDEPENDENT DIRECTORS:

Pursuant to the provisions of Schedule IV to the Companies Act, 2013 and Regulation 25 (3) of the SEBI (Listing Obligations and Disclosure Requirements] Regulations, 2015, two (2) separate meeting of the Independent Directors of the Company were held on January 27, 2026 and on March 27, 2026 adjourned to March 31, 2026, without the presence of the Non-Independent Directors and members of the management.

The Independent Directors of the Company as on the date of the meeting were as follows:

The attendance of the Independent Directors at the meeting was as follows:

Notes:

Mrs. Hufrish Variava resigned from the office of Director of the Company with effect from July 17,2026 and consequently ceased to be an I ndependent Director of the Company

During the meeting, the Independent Directors, inter alia, reviewed and evaluated:

• the performance of the Non-Independent Directors and the Board as a whole;

• the performance of the Chairperson of the Company, taking into account the views of the Executive Directors and Non-Executive Directors;

• the performance of the Committees ofthe Board; and

• the quality, quantity and timeliness of the flow of information between the management and the Board that is necessary for the Board to effectively and reasonably perform its duties.

The Independent Directors expressed their satisfaction with the performance of the Board and its Committees and acknowledged that the flow of information from the management to the Board was adequate, timely and comprehensive for the effective discharge of the Board's responsibilities.

Reconstitution after the close of the Financial Year

Upon the resignation of Mrs. Hufrish Variava from the office of Director with effect from July 17,2026, and after the close of the financial year, the Board, has appointed Ms. Anchal Yadav and Ms. Radhika Gaud with effect from May 26, 2026 and July 20, 2026 respectively as an Additional Director (Non- Executive Independent Director). Accordingly, the composition of the Independent Directors of the Company with effect from July 20,2026 is as follows:

16. DECLARATION BY INDEPENDENT DIRECTORS

The Company has received the necessary declarations from all Independent Directors confirming that they meet the criteria of independence as prescribed under the provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations").

Further, all Independent Directors have registered their names in the Independent Directors' Data Bank maintained with the Indian Institute of Corporate Affairs (IICA) and have confirmed compliance with the Code of Conduct for Independent Directors under Schedule IV of the Act, as well as the Code of Business Conduct and Ethics adopted by the Company.

17. POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION NOMINATION & REMUNERATION POLICY

Pursuant to the provisions of Section 178 of the Companies Act, 2013 read with applicable rules and Regulation 19 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has, on the recommendation of the Nomination and Remuneration Committee, adopted a Nomination and Remuneration Policy.

The Policy lays down the framework for selection, appointment, and evaluation of Directors and Senior Management, as well as criteria for determining their qualifications, attributes, independence, and remuneration. It aims to ensure that the Company attracts and retains competent leadership aligned with its long-term strategic objectives.

18. REMUNERATION POLICY AND BOARD DIVERSITY POLICY:

Pursuant to Section 178 of the Companies Act, 2013 and Regulation 19 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has adopted a comprehensive Remuneration Policy covering Directors, Key Managerial Personnel ("KMP") and other employees, together with a Board Diversity Policy that seeks to ensure an optimum mix of skills, experience, gender and background on the Board.

19. FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS

In compliance with Regulation 25(7) of the Listing Regulations and Schedule IV of the Companies Act, 2013, the Company has formulated a Familiarization Programme for its

Independent Directors. The programme provides an overview of the Company's operations, products, organizational structure, Board procedures and statutory responsibilities. The policy is hosted on the Company's website: https://kaiserpress.com/investor- relations?node=section-policies.

All newly inducted Independent Directors are given detailed presentations and site visits, and continuous updates are provided at Board/Committee meetings.

20. EVALUATION OF BOARD, ITS COMMITTEES AND INDIVIDUAL DIRECTORS

In accordance with Section 134(3)(p) of the Companies Act, 2013, Regulation 17 of the Listing Regulations and Part D of Schedule II thereto, the Board carried out the annual performance evaluation of:

• the Board as a whole;

• its Committees (Audit, Nomination & Remuneration, Stakeholders' Relationship, Independent Directors); and

• individual Directors.

The evaluation, facilitated by a structured questionnaire and peer feedback, covered parameters such as Board composition, meeting cadence, strategic guidance, risk oversight, quality of information flow and fulfilment of fiduciary duties. The results, reviewed by the Nomination & Remuneration Committee and placed before the Board, were found to be satisfactory and reflective of effective governance practices.

21. CORPORATE SOCIAL RESPONSIBILITY (CSR)

Pursuant to the provisions of Section 135 of the Companies Act, 2013 ("the Act") and the Companies (Corporate Social Responsibility Policy) Rules, 2014, every company meeting the prescribed thresholds of net worth, turnover or net profit is required to constitute a Corporate Social Responsibility (CSR) Committee and spend at least 2% of the average net profits of the immediately preceding three financial years towards CSR activities.

During the year under review, the Company has earned a net profit of Rs. 8.25 lakhs. Accordingly, the provisions of Section 135 of the Act relating to CSR is not applicable to the Company from the financial year 2026-27, based on the financial results of FY 2025-26.

22. DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to Section 134(5) ofthe Companies Act, 2013, the Board ofDirectors hereby confirms that:

a) Applicable Accounting Standards have been followed in the preparation of the annual accounts and any material departures have been adequately explained;

b) accounting policies have been selected and applied consistently and reasonable, prudent estimates and judgments have been made so as to present a true and fair view of the state of affairs of the Company and of its profit for the year;

c) Adequate accounting records have been maintained 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 annual accounts have been prepared on a going-concern basis; and

e) Internal financial controls have been laid down and such controls are adequate and operating effectively.

23. AUDITORS

a) Statutory Auditors

Pursuant to Section 139 of the Companies Act, 2013 read with the Companies (Audit and Auditors) Rules, 2014, The Auditors M/S Shabbir & Rita Associates LLP (Firm Registration No. 109420W) Chartered Accountants has been appointed at the 28th Annual General Meeting of the company held on 30th September 2021 for the period of Five years.

On the recommendation of the Audit Committee, has proposed M/s. Ganesh & Rajendra Associates (Firm Registration No. 103055W) Chartered Accountants, as the Statutory Auditors of the Company for the Financial Year 2026-2027 to 2030-2031 and to hold office from the conclusion of 33rd Annual General Meeting to the conclusion of 38th Annual General Meeting for the Financial Year ending March 31,2031.

In accordance with Section 139 (2) of the Companies Act. 2013 and the Companies (Audit and Auditors) Rules, 2014, M/s. Ganesh & Rajendra Associates, Chartered Accountants is eligible for appointment for the financial year 2026-2027 to 2030-2031. The Company has also received consent and eligibility letter from them to act as the Statutory Auditors of the Company.

Accordingly board of directors of the Compnay hereby proposed for appointment of M/s. Ganesh & Rajendra Associates, Chartered Accountants, as the Statutory Auditors of the Company for the Financial Year 2026-2027 to 2030-2031 for members approval in 33rd Annual General Meeting for the Financial Year ending March 31,2026.

The Statutory Auditors of the Company have submitted the Auditor's Report on the Financial Statements of the Company for the Financial Year ended March 31,2026. The Auditor's Report is self-explanatory and requires no comments. Further, there were no adverse remarks or qualification in the Report that calls for Board's explanation. During the year under review, there were no frauds reported by Auditors under Section 143(12) of Companies Act, 2013.

b) Secretarial Auditor

Pursuant to the provisions of Section 204 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and Regulation of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), the Members of the Company, thorough Postal Ballot, approved the appointment of M/s. Sameer Panchal & Associates, Company Secretaries a Peer Reviewed Company Secretaries in Practice (FCS No: - A69006; CP No: 26164 and Peer Review No.: 5742/2024), as the Secretarial Auditors of the Company for a period of Financial year 2025-26.

Accordingly, M/s. Sameer Panchal & Associates conducted the Secretarial Audit of the Company for the financial year ended March 31, 2026. The Secretarial Audit Report in Form MR-3 is annexed to this Report as Annexure C and forms an integral part hereof.

The Secretarial Auditors have confirmed that they satisfy the eligibility criteria prescribed under the Companies Act, 2013 and the Rules made thereunder and are not disqualified from continuing as the Secretarial Auditors of the Company.

There are no observation remarks in the Secretarial Audit Report of the Company.

The Board remains committed to ensuring full compliance with all applicable statutory and regulatory requirements and will continue to strengthen its governance and compliance framework.

c) Internal Auditors

The Board of Directors had appointed P. D. Chopda & Co., Chartered Accountants, as the Internal Auditors of the Company for the financial year 2026-27.

The Internal Auditors submit their reports to the Whole-time Director / CFO and the Audit Committee, which reviews the findings and recommends corrective actions, thereby ensuring the adequacy and effectiveness of the internal control systems and processes.

24. PERSONNEL AND RELATED DISCLOSURES

The Board places on record its sincere appreciation for the dedication, commitment and hard work displayed by employees at eveiy level of the organisation during the year under review. The continued success of the Company is a direct result of their efforts.

In accordance with Section 197(12) of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the prescribed disclosures relating to remuneration and other particulars of employees form part of this Report and areset out in Annexure D to the Annual Report.

Pursuant to Rule 5(2) of the aforesaid Rules, no employee of the Company received remuneration in excess of the limits specified therein during the financial year 2025-26.

Recognising that sustainable growth depends on attracting and retaining talent, the Company continued to strengthen its people practices in FY 2025-26. Key initiatives included:

• Targeted recruitment to fill critical skill gaps and support expansion plans;

• Enhanced learning and development programmes focused on leadership, digital competency and functional excellence; and

• Employee-engagement initiatives aimed at fostering an inclusive, performance-driven culture.

The Board is confident that these initiatives will further reinforce the Company's human- capital capabilities and contribute to its long-term growth trajectory.

25. WHISTLE BLOWER POLICY / VIGIL MECHANISM

Pursuant to Section 177 of the Companies Act, 2013 and Regulation 22 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has established a robust Whistle-Blower Policy (Vigil Mechanism) for Directors and employees. The mechanism enables any stakeholder to report, in good faith, genuine concerns about unethical behaviour, actual or suspected fraud, or any violation of the Company's code of conduct.

A Vigil Mechanism Committee, chaired by the Chairman of the Audit Committee, oversees the effective implementation of the policy. Whistle-blowers have direct access to the Legal Head of the Company as well as to the Chairman of the Audit Committee, ensuring that all grievances are addressed impartially and promptly. No individual has been denied access to the Vigil Mechanism or the Audit Committee Chairman.

The Vigil Mechanism Policy is available on the Company's website at: https://kaiserpress.com/investor-relations?node=section-policies

26. BUSINESS RESPONSIBILITY REPORT

Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 mandates submission of a Business Responsibility & Sustainability Report ("BRSR") only for the top 1,000 listed entities by market capitalization. As the Company does not fall within this threshold for the financial year 2025-26, preparation and submission of a BRSR is not presently applicable.

The Board affirms that, should the provisions become applicable in future, the Company will ensure full compliance within the prescribed timelines.

27. RISK MANAGEMENT

Risk Management is an integral component of the Company's strategic planning and operational execution. The objective is to identify, assess and mitigate events that could adversely affectthe achievement of business goals.

• Framework & Oversight - The Board, supported by Senior Management, monitors the risk-management framework, which encompasses clearly defined processes for risk identification, measurement, mitigation and reporting.

• Key Focus Areas - Operational efficiency, market volatility, supply-chain resilience, regulatory compliance, cybersecurity and liquidity management remain core areas of risk evaluation.

• Mitigation Measures - Action plans include robust internal controls, periodic audits, insurance coverage, diversified sourcing, proactive legal and regulatory monitoring and an enhanced IT-security architecture.

The Board reviews the risk landscape at regular intervals and is satisfied that no risk has been identified which threatens the Company's going-concern status or its long-term sustainability.

28. NON-APPLICABILITY OF MAINTENANCE OF COST RECORDS

The maintenance of cost records as specified under Section 148(1) of the Companies Act, 2013 read with the Companies (Cost Records and Audit) Rules, 2014 is not applicable to the Company for the financial year 2025-26, as the business activities of the Company are not covered under the prescribed class of companies.

29. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES REFERRED TO IN SUB-SECTION (1) OF SECTION 188 OF THE COMPANIES ACT, 2013

All contracts, arrangements and transactions entered into by the Company with related parties during the financial year under review were in the ordinary course of business and on an arm's length basis and were in compliance with the applicable provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Audit Committee reviews the Related Party Transactions on a periodic basis.

The Company has formulated a policy on dealing with Related Party Transactions. The same is available on the Company's website at https://kaiserpress.com/investor- relations?node=section-policies.

Details of all transactions with related parties are disclosed in the accompanying Standalone Financial Statements. Members may refer to Note No. 31, which provides the related party disclosures in accordance with Ind AS 24.

All Related Party Transactions entered into by the Company during the year were in the ordinary course of business and on an arm's length basis, the disclosure of particulars of contracts or arrangements with related parties in Form AOC2, as prescribed under Section 134(3)(h) of the Companies Act, 2013 read with Rule 8(2) of the Companies (Accounts) Rules, 2014,arenotapplicable for this Company.

30. PROTECTION OF WOMEN AGAINST SEXUAL HARASSMENT AT WORKPLACE

The Company is committed to providing and maintaining a safe, secure and inclusive work environment that is free from sexual harassment and discrimination. In accordance with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 ("POSH Act") and the rules framed thereunder, the Company has adopted a Policy on Prevention, Prohibition and Redressal of Sexual Harassment at the Workplace.

The Policy is applicable to all employees of the Company, including permanent, temporary and contractual employees, trainees, interns and other persons covered under the provisions of the POSH Act.

The Company has constituted an Internal Committee ("IC") in compliance with Section 4 of the POSH Act to receive, investigate and redress complaints of sexual harassment in a fair, impartial, confidential and time-bound manner.

The status of complaints received during the financial year 2025-26 is as under:

• Number of complaints received: Nil

• Number of complaints disposed: Nil

Number of complaints pendingas on March 31,2026: Nil

The Board affirms that the Company has complied with the applicable provisions of the POSH Act and the rules framed thereunder and continues to promote awareness and sensitisation among employees to ensure a workplace that upholds dignity, equality and mutual respect.

31. HUMAN RESOURCES & INDUSTRIAL RELATIONS

The Company acknowledges that its employees are its most valuable asset and key drivers of sustainable growth. It remains committed to nurturing talent, fostering a performance- oriented culture, and creating a conducive work environment that encourages continuous learning and professional development.

During the year under review, the Company maintained harmonious industrial relations across all locations. The dedication and commitment of the workforce continue to be the cornerstone of the Company's long-term competitiveness and operational excellence.

32. LOANS, GUARANTEES OR INVESTMENT MADE UNDER SECTION 186 OF THE COMPANIES ACT, 2013

During the financial year under review, the Company has not given any loans, guarantees, or made investments which are in contravention of the provisions of Section 186 of the Companies Act, 2013.

The details of loans, guarantees, and investments, to the extent applicable, are provided in the notes to the standalone financial statements forming part of this Annual Report.

33. EMPLOYEE STOCK OPTION

The Company has not issued any Employee Stock Option Scheme (ESOP) during the financial year 2025-26.

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

In accordance with the provisions of Section 134(3)(m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014, the relevant information relating to conservation of energy, technology absorption, and foreign exchange earnings and outgo is provided in Annexure E, forming part of this Report.

35. CODE OF CONDUCT

Pursuant to Section 149 of the Companies Act, 2013, Schedule IV thereto and Regulation 26 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has adopted a comprehensive Code of Conduct applicable to all Directors, Senior Management personnel and, to the extent relevant, other employees. The Code articulates the Company's core values—Customer Value, Integrity, One-Team and Excellence—and provides guidance for ethical business practices and legal compliance.

The Code is available on the Company's website at https://kaiserpress.com/investor- relations?node=section-policies

Annual affirmations of compliance have been received from all Board and Senior Management members and a certificate to this effect, signed by the Managing Director, forms part of this Report.

36. CODE OF CONDUCT TO REGULATE, MONITOR AND REPORT TRADING BY INSIDERS

In line with the SEBI (Prohibition of Insider Trading) Regulations, 2015 (as amended), the Company has in place a Code of Conduct to Regulate, Monitor and Report Trading by Insiders ("Insider Trading Code"). The Code prohibits trading in the Company's securities by designated persons and their immediate relatives while in possession of unpublished price- sensitive information and during specified "Trading-

Window" closure periods. It also mandates pre-clearance of trades above prescribed thresholds. Periodic training and awareness sessions are conducted to ensure robust compliance.

37. DETAILS OF APPLICATION MADE OR PROCEEDING PENDING UNDER INSOLVENCY AND BANKRUPTCY CODE2016

During the year under review, the Company did not file any application, nor were any proceedings pending, under the Insolvency and Bankruptcy Code, 2016.

38. DETAILS OF DIFFERENCE BETWEEN VALUATION AMOUNT ON ONE TIME SETTELMENT AND VALUATION WHILE AVAILING LOAN FROM BANKS AND FINANCIAL INSTITUTIONS

There was no one-time settlement of loans with banks or financial institutions during the financial year 2025-26; accordingly, the question of any variation between the loan valuation and settlement valuation does not arise.

39. COMPLIANCE WITH SECRETARIAL STANDARDS

The Company has complied with the provisions of Secretarial Standard 1 (Meetings of the Board of Directors) and Secretarial Standard 2 (General Meetings) issued by the Institute of Company Secretaries of India.

40. GREEN INITIATIVE

In support of the Government's Green Initiative in Corporate Governance and pursuant to:

• MCA General Circular 20/2020 (05 May 2020),

• MCA Circular 11/2022 (28 December 2022), and

• SEBI CircularSEBI/HO/CFD/CMD2/ClR/P/2022/62 (13 May 2022), the Company is exempt from printing and dispatching physical copies of its Annual Report.

Accordingly, an electronic copy of the Annual Report for FY 2025-26, together with the Notice of the ensuing AGM,isbeing e-mailed to:

• all shareholders whose e-mail IDs are registered with their Depository Farticipant(s) (for shares held in demat form); and

• shareholders who have registered their e-mail IDs with the Company's Registrar & Share Transfer Agent, Cameo Corporate Services Ltd. (for shares held in physical form).

Shareholder Action Points

This digital-first approach furthers our commitment to environmental stewardship and enables faster, more efficient communication with our shareholders.

41. STATEMENT OF DEVIATION OR VARIATION UNDER REGULATION 32 OF SEBI (LODR) REGULATIONS, 2015

During the financial year under review, the Company did not raise any funds by way of a public issue, rights issue, qualified institutions placement or any fresh preferential issue that would require disclosure under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

42. GENDER-WISE COMPOSITION OF EMPLOYEES:

The Company believes in promoting diversity, equity and inclusion and providing equal opportunities to all employees. The gender-wise composition of employees as on March 31, 2026, is as follows:

The Company continues to foster an inclusive workplace environment based on equal opportunity and merit.

43. COMPLIANCE WITH THE MATERNITY BENEFIT ACT, 1961

The Company has complied with the applicable provisions of the Maternity Benefit Act, 1961, including the amendments made thereunder and the rules framed thereto. The Company is committed to providing a safe, inclusive and supportive workplace and ensuring that eligible employees are provided maternity benefits in accordance with the applicable statutory requirements.

44. PROHIBITION OF INSIDERTRADING

Your Company has adopted the Code of Conduct for regulating, monitoring and reporting of Trading by insiders ('Code") for prohibition of insider trading in the securities of the Company, code of practices and procedures for fair disclosure of unpublished price sensitive information (UPSI) and policy & procedure for inquiry in case of leak or suspected leak of UPSI. Pursuant to the listing of Company's equity shares during the year and considering the existing listed debt securities, the Company has strengthened and aligned its code on prevention of insider trading in accordance with the provisions of the Securities and Exchange Board of India (Prohibition of InsiderTrading) Regulations, 2015.

The objective of the Code is to prevent persons who have access to UPSI relating to the Company and / or its Securities to misuse such information and / or profit from such information. The Code lays down guidance for Designated Persons and their Immediate Relatives, to understand their obligations under the PIT Regulations, including the procedures to be followed at the time of Trading in the Securities of and dealing with UPSI related to the Company or its Securities. Company conducts periodic training sessions as well as share awareness mailers for its personnel, Designated Persons, Board and senior management, so as to sensitize them of the compliances under the PIT Regulations on an on-going basis. Your Company has also formulated and adopted the policy for Determination of Materiality of Events or Information of the Company, in terms of Regulation 30 of the SEBI fisting Regulations. The policy for Determination of Materiality of events / Information is available on the Company's website.

45. APPRECIATION AND ACKNOWLEDGEMENTS

The Board of Directors expresses its deep appreciation and gratitude to all the stakeholders of the Company, including the shareholders, regulatory bodies, government authorities, bankers, financial institutions, and business associates, for their continued support, trust, and guidance.

The Board also places on record its sincere appreciation to all the employees of the Company for their dedication, commitment, and valuable contribution at all levels, which has enabled the Company to pursue its growth and business objectives effectively.