BSL Ltd. — Audit Report / Information 2025

May 30, 2025

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PROUD TO BE INDIAN PRIVILEGED TO BE GLOBAL

BSLLtd.

REGO. OFFICE: Post Box No. 16-17 Mandpam, Bhilwara - 311001 (Rajasthan) INDIA Tel.: (91-1482) 245000 E-mail: accounts@bslsuitings.com, Website: www.bslltd.com CIN : L24302RJ1970PLC002266

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www.bslltd.com

REF: BSL/CS/2025-26/ Dated: 30[th ] May, 2025

National Stock Exchange of India Ltd BSE Ltd Listing Department Derartment of Corporate Services Exchange Plaza 25 [1 ] Floor, Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street Bandra (E) Kala Ghoda, Fort, Mumbai- 400 05 I Mumbai, Maharashtra 400 00 I NSE Svmbol: BSL BSE Scrip Code: 514045

Sub: Annual Secretarial Compliance Report for the Financial Year ended 31[st ] March, 2025

Dear Sir/ Ma'am,

In compliance of Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular CIR/CFD/CMDI/27/2019 dated February 8, 2019 and NSE Circular NSE/CML/2023/30 dated April I 0, 2023, please find enclosed the Annual Secretarial Compliance Report of the Company issued by Shri Manoj Maheshwari of Mis. V. M. & Associates, Practicing Company Secretaries for the financial year 2024-25.

We request you to kindly take note of the same.

Thanking you, Yours Faithfully

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For BSL Limited
Company Secretary
M. No.: ACS-49973
Enc: a/a
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403, ' Royal World' Sansar Chandra Road, JAIPUR -1 Telephone: 0141-4075010 Email: cs.vmanda@gmail.com

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Secretarial Compliance Report Of

BSL LTD

For the year ended March 31, 2025

We M/s V. M. & Associates, Company Secretaries have examined:

• (a) all the documents and records made available to us and explanation provided by BSL Ltd ("the listed entity"),

• (b) the filings/ submissions made by the listed entity to the stock exchanges,

• (c) website of the listed entity,

• (d) any other document/ filing, as may be relevant, which has been relied upon to make this certification,

for the year ended March 31, 2025 ("Review Period") in respect of compliance with the provisions of:

• (a) the Securities and Exchange Board of India Act, 1992 ("SEBI Act") and the Regulations, circulars, guidelines issued thereunder; and

• (b) the Securities Contracts (Regulation) Act, 1956 ("SCRA"), rules made thereunder and the Regulations, circulars, guidelines issued thereunder by the Securities and Exchange Board of India ("SEBI");

The specific Regulations, whose provisions and the circulars/ guidelines issued thereunder, have been examined, include:-

• (a) Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("LODR Regulations");

• (b) Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (Not applicable to the listed entity during the Review Period);

• (c) Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;

• (d) Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018 (Not applicable to the listed entity during the Review Period);

• (e) Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 ("SEBI SBEB") (Not applicable to the listed entity during the Review Period);

• (f) Securities and Exchange Board of India (Issue and Listing of Non Convertible Securities) Regulations, 2021 {Not applicable to the listed entity during the Review Period);

• (g) Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015;

• (h) Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 regarding the Companies Act and dealing with client; and

• (i) • Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018

and circulars/ guidelines issued thereunder;

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403, ' Royal World' Sansar Chandra Road, JAIPUR -1 Telephone: 0141-4075010 Email: cs.vmanda@gmail.com

V.M. & ASSOCIATES OS

and based on the above examination, we hereby report that, during the Review Period:

• (a) The listed entity has· complied with the provisions of the above Regulations and circulars/guidelines issued thereunder.

• (b) The listed entity has taken the following actions to comply with the observations made in previous reports: Not Applicable, as there being no observation in previous reports.

• (c) We hereby report that, during the Review Period the compliance status of the listed entity with the following requirements:

• Sr. Particulars Compliance Observations/ No. status (Yes/ Remarks by No/ NA) PCS

• 1. Secretarial Standards: Yes --The compliances of the listed entity are in accordance with the applicable Secretarial Standards {SS) issued by the Institute of Company Secretaries of India {ICSI).
• 1. Ado�tion and timel� u�dation of the Policies: Yes --(a) All applicable policies under SEBI Regulations are adopted with the approval of board of directors of the listed entity;

• (b) All the policies are in conformity with SEBI Regulations and have been reviewed & timely updated as per the regulations/ circulars/ guidelines issued by SEBI.

• 1. Maintenance and disclosures on Website: Yes --(a) The Listed entity is maintaining a functional website;

• (b) Timely dissemination of the documents/ information under a separate section on the website;

• (c) Web-links provided in annual corporate governance reports under Regulation 27(2) are accurate and specific which re-directs to the relevant document(s)/ section of the website.

• Disgualification of Director(s}: Yes ~~---~~ None of the Directors of the listed entity are disqualified under Section 164 of Companies Act, 2013 as confirmed by the listed entity.

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403, ' Royal World' Sansar Chandra Road, JAIPUR -1

V.M. & ASSOCIATES OS ~~l UitH ;!•i;i!i~~ i•

Telephone: 0141-4075010 Email : cs. vmanda@gmail.com

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5. Details related to Subsidiaries of listed entities: NA The Listed Entity
(a) Identification of material subsidiary companies; does not have any
(b) Requirements with respect to disclosure of subsidiary
material as well as other subsidiaries.
6. Preservation of Documents: Yes
The listed entity is preserving and maintaining
records as prescribed under SEBI Regulations and
disposal of records as per Policy of Preservation of
Documents and Archival policy prescribed under the
LODR Regulations.
7. Performance Evaluation: Yes
The listed entity has conducted performance
evaluation of the Board, Independent Directors and
the Committees at the start of every financial year as
prescribed in SEBI Regulations.
8. Related Party Transactions: Yes
(a) The listed entity has obtained prior approval of
Audit Committee for all Related party
transactions;
1 ------ - --------- ----+------! ---------<
(b) In case no prior approval obtained, the listed NA The Listed Entity
entity shall provide detailed reasons along with has obtained the
confirmation whether the transactions were prior approval of
subsequently approved/ ratified/ rejected by the Audit Committee
Audit committee. for all Related
Party transactions
9. Disclosure of events or information: Yes ---
The listed entity has provided all the required
disclosure(s) under Regulation 30 along with
Schedule Ill of the LODR Regulations within the time
limits prescribed thereunder.
l --------------------
10. -+ Prohibition of Insider Trading: -----+Yes --------1
The listed entity is in Compliance with Regulation 3(5)
& 3(6) SEBI (Prohibition of Insider Trading)
Regulations,2015
11. Actions taken by SEBI or Stock Exchange(s), if any: NA There was no
No actions taken against the listed entity/ its action taken either
promoters/directors/ subsidiaries either by SEBI or by SEBI or Stock
by Stock Exchanges (including under the Standard Exchange(s)
Operating Procedures issued by SEBI through various
circulars) under SEBI Regulations and circulars/ -
guidelines issued thereunder.
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403, ' Royal Wor1d' Sansar Chandra Road, JAIPUR -1 Telephone: 0141-4075010 Email : cs. vmanda@gmail.com

12. Resignation of statutor auditors from the listed entit� or its material subsidiaries:

In case of resignation of statutory auditor from the listed entity or any of its material subsidiaries during the financial year, the listed entity and / or its material subsidiary(ies) has / have complied with paragraph 6.1 and 6.2 of section V-D of chapter V of the Master Circular on compliance with the provisions of the LODR Regulations by listed entities.

1. No additional non-com�liances observed: No additional non-compliance observed for any of the SEBI regulation/ circular/guidance note etc. except as reported above.

NA There was no resignation of statutory auditors in the Listed entity during the review period. Further the Listed Entity does not have any subsidiary. NA There are no noncompliances observed in the Listed Entity.

We further, report that the listed entity is in compliance/ not in compliance with the disclosure requirements of Employee Benefit Scheme Documents in terms of regulation 46(2) (za) of the LODR - Regulations Not Applicable, as there being no Employee Benefit Scheme formulated under the provisions of SEBI SBEB.

Assumptions & Limitation of scope and Review:

1. Compliance of the applicable laws and ensuring the authenticity of documents and information furnished, are the responsibilities of the management of the listed entity.

2. 2.' Our responsibility is to certify based upon our examination of relevant documents and information. This is neither an audit nor an expression of opinion.

3. We have not verified the correctness and appropriateness of financial Records and Books of Accounts of the listed entity.

4. This Report is solely for the intended purpose of compliance in terms of Regulation 24A(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and is neither an assurance as to the future viability of the listed entity nor of the efficacy or effectiveness with which the management has conducted the affairs of the listed entity.

Place: Jaipur Date: May 22, 2025 UDIN: F003355G000410773

For V. M. & Associates C ompany Secretaries {ICSI Unique Code P1984RJ039200) PR 5447 / 2024 CS Manoj Maheshwari Partner Membership no.: FCS 3355 C P No.: 1971

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