SKP Securities Ltd. — Annual Report 2026

May 9, 2026

SKP SECURITIES LTD creating prosperity

May 09, 2026

To

The Deputy General Manager (Listing)

Department of Corporate Services

BSE Ltd.,

Phiroze Jeejeebhoy Towers, 25th Floor

Dalal Street

Mumbai - 400 001

Scrip Code: 531169

Sub: Outcome of Board Meeting

Ref: Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir / Madam

We would like to inform you that pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of SKP Securities Limited (“the Company”) at its meeting held today, inter alia, has considered and approved the following matters:

1. Audited Financial Results of the Company along with the Audit Report issued by M/s S K Agrawal and Co Chartered Accountants LLP, Statutory Auditors of the Company for the quarter and financial year ended March 31, 2026.

A copy of duly signed Audited Financial Results along with the Audit Report issued by M/s S K Agrawal and Co Chartered Accountants LLP, Statutory Auditors of the Company and Declaration of Audit Reports with unmodified opinion is enclosed and marked as Annexure A.

1. Recommended a Dividend of Rs. 2/- per equity share having face value of Rs. 10/- each fully paid up for the financial year 2025-2026, subject to approval of shareholders in the ensuing Annual General Meeting of the Company. The Record Date for payment of dividend and the date and time of 36th Annual General Meeting will be intimated in due course.

2. Re-appointment of M/s G. P. Agrawal & Co., (FRN: 302082E), Chartered Accountants, Kolkata, as an Internal Auditor of the Company for the Financial Year 2026-2027.

3. Re-appointment of Mr. Nikunj Pachisia (DIN: 06933720), as the Executive Director of the Company and to fix his remuneration, for a further term of three consecutive years, with effect from August 01, 2026, subject to approval of shareholders in ensuing Annual General Meeting of the Company.

PRIVATE WEALTH | BROKING | DISTRIBUTION | INSTITUTIONAL EQUITIES | INVESTMENT BANKING

NSE & BSE : INZ000199335 | NSDL & CDSL : IN-DP-155-2015 | Research Analyst : INH300002902

MB : INM000012670 | PMS : INP000006509 | AMFI : ARN 0006 | CIN : L74140WB1990PLC049032

1702-03 BioWonder

789 Anandapur

E M Bypass

Kolkata 700107 India

+91 33 66777000

contact@skpsecurities.com

skpsecurities.com

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Details required under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, pursuant to item no. 3, 4 is enclosed herewith.

The Meeting commenced at 10:00 A.M. and concluded at 1:45 P.M.

The above information will also be made available on the Company’s website i.e., www.skpsecurities.com.

We request you to take the same on record.

Yours Sincerely,

For SKP Securities Limited

Alka Khetawat
Company Secretary
Membership No. A47322

Encl: As stated above

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CA

S K AGRAWAL AND CO CHARTERED ACCOUNTANTS LLP

(FORMERLY S K AGRAWAL AND CO)

CHARTERED ACCOUNTANTS

LLPIN–AAV-2926

FRN- 306033E/E300272

SUITE NOS : 606-608

THE CHAMBERS, OPP. GITANJALI STADIUM

1865, RAJDANGA MAIN ROAD, KASBA

KOLKATA - 700 107

PHONE : 033-4008 9902/9903/9904/9905

Website : www.skagrawal.co.in

EMAIL : Info@skagrawal.co.in

Independent Auditor’s Report

To the Board of Directors of SKP Securities Limited

Report on audit of Annual Financial Results

Opinion

We have audited the accompanying Statement of financial results of SKP Securities Limited (hereinafter referred to as the “Company”) for the year ended 31 March 2026, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid annual financial results:

a. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
b. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards, and other accounting principles generally accepted in India, of the net Profit and total comprehensive income and other financial information for the year then ended 31 March 2026.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under Section 143(10) of the Companies Act, 2013 (“the Act”). Our responsibilities under those SAs are further described in the Auditor’s Responsibilities for the Audit of the Financial Results section of our report. We are independent of the Company, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us, is sufficient and appropriate to provide a basis for our opinion on annual financial results.

Management’s and Board of Directors’ Responsibilities for the Annual Financial Results

These annual financial results have been prepared on the basis of the annual financial statements.

The Company’s Management and the Board of Directors are responsible for the preparation and presentation of these annual financial results that give a true and fair view of the net profit/ loss and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act and other accounting principles generally accepted in India and in compliance with Regulation 33 of the

S K AG RAW AND CO Chartered Accountants LLPIN - AAV - 2926 LLPIN - AAV - 2026 KOLKATA

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CA

S K AGRAWAL AND CO CHARTERED ACCOUNTANTS LLP

(FORMERLY S K AGRAWAL AND CO)

CHARTERED ACCOUNTANTS

LLPIN - AAV-2926

FRN- 306033E/E300272

SUITE NOS : 606-608

THE CHAMBERS, OPP. GITANJALI STADIUM

1865, RAJDANGA MAIN ROAD, KASBA

KOLKATA - 700 107

PHONE : 033-4008 9902/9903/9904/9905

Website: www.skagrawal.co.in

EMAIL: Info@skagrawal.co.in

Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the annual financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the annual financial results, the Management and the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the audit of the Annual Financial Results

Our objectives are to obtain reasonable assurance about whether the annual financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is the high level of assurance but, is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatement can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these annual financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• identify and assess the risk of material misstatement of the annual financial results, whether due to fraud of error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentation, or the override of internal control'.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of financial statements on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the annual financial results made by the Management and Board of Directors.

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CA

S K AGRAWAL AND CO CHARTERED ACCOUNTANTS LLP

(FORMERLY S K AGRAWAL AND CO)

CHARTERED ACCOUNTANTS

LLPIN - AAV-2926

FRN-306033E/E300272

SUITE NOS : 606-608

THE CHAMBERS, OPP. GITANJALI STADIUM

1865, RAJDANGA MAIN ROAD, KASBA

KOLKATA - 700 107

PHONE : 033-4008 9902/9903/9904/9905

Website : www.skagrawal.co.in

EMAIL : Info@skagrawal.co.in

• Conclude on the appropriateness of the Management’s and Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumptions. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. our conclusions are based on the audit evidence obtained up to date of our auditor's report. However future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the annual financial results, including the disclosures, and whether the annual financial results represents the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matters

The annual financial results includes the results for the quarter ended 31st March 2026 being the balancing figure between the audited figures in respect of the full financial year ended 31st March 2026 and the published unaudited year to date figures up to the third quarter of the current financial year, which were subjected to a limited review by us

Place- Kolkata
Dated- 09th May 2026

For S K Agrawal and Co Chartered Accountants LLP
Chartered Accountant
Firm Reg. No.: 306033E/E300272

Rahul Agarwal
Partner
Membership No: 311830
UDIN- 26311830Q6XJCM1492

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| SKP SECURITIES LIMITED
REGD. OFF : 1702-1703, Bio Wonder, 789 Anandapur, Kolkata 700107
CIN- L74140WB1990PLC049032
STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2026
(Rs. in lacs) | | | | | |
| --- | --- | --- | --- | --- | --- |
| PARTICULARS | Quarter Ended | | | Year ended | |
| | 31.03.2026
(Audited) | 31.12.2025
(Unaudited) | 31.03.2025
(Audited) | 31.03.2026
(Audited) | 31.03.2025
(Audited) |
| 1 Revenue from Operations
(a) Interest Income
(b) Brokerage and Fee Income
(c) Net Gain on Fair Value Changes
Total Revenue from Operations | 190.71
687.94
1,078.65 | 193.39
815.63
28.22 | 157.61
686.72
1,037.24 | 716.96
3,383.87
1.44 | 542.45
3,063.50
109.93 |
| 2 Other Income | 0.05 | 0.02 | 4.90 | 0.11 | 4.97 |
| 3 Total Income (1+2) | 1,078.70 | 1,037.26 | 849.23 | 4,102.38 | 3,720.85 |
| 4 Expenses
(a) Finance Cost
(b) Brokerage and Fee Expenses
(c) Net Loss on Fair Value Changes
(d) Employee Benefits Expenses
(e) Depreciation and Amortisation Expenses
(f) Other Expenses | 34.44
264.33
123.03
235.23
14.19
129.71 | 43.43
256.29
-
222.74
14.58
145.84 | 23.30
251.49
79.73
168.39
13.21
162.17 | 140.25
1,019.07
-
863.46
57.00
636.30 | 83.85
1,005.04
-
698.63
52.28
552.75 |
| Total Expenses | 800.93 | 682.88 | 689.29 | 2,716.08 | 2,392.55 |
| 5 Profit before Exceptional Items and Tax (3-4) | 277.77 | 354.38 | 159.94 | 1,386.30 | 1,328.30 |
| 6 Exceptional Items | - | - | - | - | - |
| 7 Profit before Tax (5-6) | 277.77 | 354.38 | 159.94 | 1,386.30 | 1,328.30 |
| 8 Tax Expenses
Current Tax
Deferred Tax | 109.37
(21.89) | 86.01
1.91 | 58.57
(14.51) | 357.28
(5.73) | 304.92
24.43 |
| 9 Net Profit for the Period (7-8) | 190.29 | 266.46 | 115.88 | 1,034.75 | 998.95 |
| 10 Other Comprehensive Income (net of tax)
Items that will not be reclassified to Profit or Loss
Income tax relating to items that will
not be reclassified to Profit or Loss | 88.36
(11.44) | (3.11)
0.78 | (18.40)
4.54 | 79.02
(9.09) | (11.78)
2.88 |
| 11 Total Comprehensive Income (Net of tax) (9+10) | 267.21 | 264.13 | 102.02 | 1,104.68 | 990.05 |
| 12 Paid-up Equity Share Capital of `Rs. 10/- each
13 Other Equity
14 Earning per Share (of Rs.10/- each) (not annualised):
a) Basic
b) Diluted | 680.88
2.79
2.79 | 680.88
3.91
3.91 | 680.88
1.70
1.70 | 680.88
5,359.15
15.20
15.20 | 680.88
4,390.64
14.67
14.67 |
| Notes:
1) The above Results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 6th May 2026 & 9th May 2026.
2) The Statutory Auditors have expressed an unmodified audit opinion on these results
3) Since the Company is operating under one business segment, segment reporting is not required
4) The Board of Directors have recommended a final dividend of Rs. 2/- per equity share having face value of Rs 10/= each fully paid up for the financial year 2025-26
5) Figures for the quarter ended 31st March 2026 and 31st December 2025 are the balancing figures between audited figures in respect of full financial year and the unpublished year to-date figures up to the thnt quarter ended 31st December 2025 and 31st December 2024
6) Previous years figures have been regrouped/rearranged wherever found necessary | | | | | |

For and on behalf of the Board of Directors

Place of Signature: Kolkata
Date: the 9th May 2026

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SKP SECURITIES LIMITED

CIN: L74140WB1990PLC049032

BALANCE SHEET AS AT 31ST MARCH 2026

(Rs. in Lacs)

| | Particulars | As at 31st
Mar-26 | As at 31st
Mar-25 |
| --- | --- | --- | --- |
| I. | ASSETS | | |
| (1) | Financial Assets | | |
| | (a) Cash and Cash Equivalents | 6.24 | 29.05 |
| | (b) Bank Balances other than (a) above | 3,930.93 | 2,749.89 |
| | (c) Receivables | | |
| | (i) Trade Receivables | 472.30 | 242.54 |
| | (d) Loans | 3,460.27 | 2,514.52 |
| | (e) Investments | 1,012.09 | 1,088.69 |
| | (f) Other Financial Assets | 562.74 | 1,156.98 |
| | Total Financial Assets | 9,444.57 | 7,781.67 |
| (2) | Non - Financial Assets | | |
| | (a) Property, Plant and Equipment | 1,106.25 | 1,029.72 |
| | (b) Other Intangible Assets | 0.75 | 0.75 |
| | (c) Other non Financial Assets | 59.28 | 46.58 |
| | Total Non Financial Assets | 1,166.28 | 1,077.05 |
| | Total Assets | 10,610.85 | 8,858.72 |
| II. | LIABITIES & EQUITY | | |
| (1) | Financial Liabilities | | |
| | (a) Payables | | |
| | (i) Trade Payables | | |
| | Total outstanding dues of Micro, Small & Medium Enterprises | - | - |
| | Total outstanding dues of creditors other than Micro, Small & Medium Enterprises | 2,056.79 | 2,275.92 |
| | (b) Borrowings (other than Debt Securities) | 1,953.34 | 1,002.30 |
| | (c) Other Financial Liabilities | 277.75 | 205.20 |
| | Total Financial Liabilities | 4,287.88 | 3,483.42 |
| (2) | Non - Financial Liabilities | | |
| | (a) Current Tax Liabilities (Net) | 75.71 | 128.82 |
| | (b) Provisions | 30.16 | 17.51 |
| | (c) Deferred Tax Liabilities (Net) | 144.71 | 141.34 |
| | (d) Other Non Financial Liabilities | 32.36 | 16.11 |
| | Total Non Financial Liabilities | 282.94 | 303.78 |
| (3) | Equity | | |
| | (a) Equity Share Capital | 680.88 | 680.88 |
| | (b) Other Equity | 5,359.15 | 4,390.64 |
| | Total Equity | 6,040.03 | 5,071.52 |
| | Total Liabilities and Equity | 10,610.85 | 8,858.72 |

For and on behalf of the Board of Directors

Place of Signature: Kolkata
Date: the 9th May 2026

Vaibhav Pachisia
Whole Time Director
DIN:11115136

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SKP SECURITIES LIMITED
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2026
(Rs. in lacs)

| Particulars | Year ended
31st March 2026 | Year ended
31st March 2025 |
| --- | --- | --- |
| A CASH FLOW FROM OPERATING ACTIVITIES | | |
| Profit before tax | 1,386.30 | 1,328.30 |
| Adjustments to reconcile Profit before Tax to Cash Flow provided by Operating Activities : | | |
| Finance costs | 140.25 | 83.85 |
| Depreciation & amortisation expense | 57.00 | 52.28 |
| Loss on sale/discard of property, plant and equipment | 1.47 | 0.16 |
| Dividend received | (0.00) | (0.18) |
| Profit on sale of investments measured at FVTPL | (1.44) | (27.22) |
| Net loss/(gain) on fair valuation measured at FVTPL | - | (82.71) |
| Gratuity (Net) | 9.46 | 6.95 |
| Allowance for Expected Credit Loss | - | 5.66 |
| Bad debts written off | 2.35 | 2.52 |
| Operating Profit before Working Capital changes Adjustments to reconcile Operating Profit to Cash Flow provided by changes in Working Capital : | | |
| Increase/(Decrease) in Trade Payables, other liabilities | 1,595.38 | 1,369.61 |
| (financial and non financial) and provisions | (138.38) | (183.86) |
| Decrease/(Increase) in Trade receivables, other bank balances and other assets (financial and non financial) | (1,786.81) | (1,540.36) |
| Cash Generated from Operations | (329.81) | (354.61) |
| Less: Tax Expense | (410.38) | (366.65) |
| Net Cash Generated / (Used)- Operating Activities | (740.19) | (721.26) |
| B CASH FLOW FROM INVESTING ACTIVITIES | | |
| Additions to property, plant and equipment | (147.50) | (41.84) |
| Sale of property, plant and equipment | 12.50 | 0.55 |
| Purchase of Investments | (742.39) | (4,539.13) |
| Sale of Investments | 920.15 | 4,508.18 |
| Dividend income | 0.00 | 0.18 |
| Net Cash Generated / (Used)- Investing Activities | 42.76 | (72.06) |
| C CASH FLOW FROM FINANCING ACTIVITIES | | |
| Repayment of long term Borrowings (Net) | - | - |
| Proceeds from/(repayment of) short term borrowings (Net) | 951.04 | 1,002.30 |
| Finance Cost | (140.25) | (83.85) |
| Dividend Paid | (136.17) | (102.11) |
| Net Cash Generated / (Used)- Financing Activities | 674.62 | 816.34 |
| Net Increase/(Decrease) in Cash & Cash Equivalents (A+B+C) | (22.81) | 23.02 |
| Opening Cash and Cash Equivalents | 29.05 | 6.03 |
| Closing Cash and Cash Equivalents | 6.24 | 29.05 |

Notes:
1) The above Cash Flow Statement has been prepared under the “Indirect Method” as set out in the Indian Accounting Standard (Ind AS)-7 on Statement of Cash Flows.
2) Cash and Cash Equivalents at the end of the year consists of: (Rs in lacs)

Particulars	As on 31st March, 2026	As on 31st March, 2025
a) Balance with Banks on Current Accounts	0.93	23.79
b) Cash on hand	5.14	5.08
c) Stamps on hand	0.17	0.18
Closing cash and cash equivalents	6.24	29.05
Bank Overdraft	-	-
Closing cash and cash equivalents for the purpose of Cash flow statement	6.24	29.05

For and on behalf of the Board of Directors

Place of Signature: Kolkata
Date: the 9th May 2026

Vaibhav Pachisia
Whole Time Director
DIN:11115136

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SKP SECURITIES LTD creating prosperity

May 09, 2026

To
Deputy General Manager (Listing)
Department of Corporate Services
BSE Ltd.,
Phiroze Jeejeebhoy Towers, 25th Floor
Dalal Street
Mumbai - 400 001
Scrip Code: 531169

Sub: Audit Report with Unmodified Opinion

Ref: Declaration pursuant to Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

In terms of Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we declare that the Statutory Auditors of the Company, M/s. S.K. Agrawal & Co., Chartered Accountants, Kolkata (FRN: 306033E/E300272) have issued the Audit Reports for Annual Audited Financial Results of the Company for the Financial Year ended March 31, 2026 with unmodified opinion.

Thanking You,
Yours Sincerely,
For SKP Securities Limited

Vaibhav Pachisia
Whole time Director
DIN: 11115136

PRIVATE WEALTH | BROKING | DISTRIBUTION | INSTITUTIONAL EQUITIES | INVESTMENT BANKING

NSE & BSE : INZ000199335 | NSDL & CDSL : IN-DP-155-2015 | Research Analyst : INH300002902
MB : INM000012670 | PMS : INP000006509 | AMFI : ARN 0006 | CIN : L74140WB1990PLC049032

1702-03 BioWender
789 Anandapur
E M Bypass
Kolkata 700107 India
+91 33 66777000
contact@skpsecurities.com
skpsecurities.com

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Annexure

Details under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:

Sr. No	Particulars	Description
1	Reason for change viz. appointment, resignation, removal, death or otherwise	Re-appointment of M/s G P Agrawal & Co (FRN: 302082E), Chartered Accountants, Kolkata as Internal Auditors of the Company.
2	Date of appointment/ Cessation (as applicable) / Term of appointment	The Board at its meeting held on May 09, 2026, based on the recommendation of Audit Committee, has approved the appointment of M/s G P Agrawal & Co (FRN: 302082E), Chartered Accountants, as Internal Auditors for conducting an Internal Audit of the functions and activities of the Company for FY 2026-2027.
3	Brief profile	M/s G P Agrawal & Co. is one of the large Audit/ Financial Advisory/ Consultancy firms of India having its Head Office at Kolkata and branches at Mumbai and Delhi. It was founded by Late G.P. Agrawal in 1954. At present the firm has 7 partners with brilliant academic professional excellence, who are treasured and valued in the fields of Audit, Taxation and for consultancy in the fields of Finance, Banking, Capital Markets and Company Law matters.
4	Disclosure of relationships between directors	Not Applicable

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Annexure

Details under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:

Sr. No	Particulars	Description
1	Reason for change viz. appointment, resignation, removal, death or otherwise	Re-appointment of Mr. Nikunj Pachisia (DIN: O6933720), as Executive Director of the Company, subject to approval of shareholders of the Company in the ensuing Annual General Meeting of the Company.
2	Date of appointment/ Cessation (as applicable) / Term of appointment	For a term of three years effective from August 01, 2026 to July 31, 2029.
3	Brief profile	17 years’ experience in capital markets across Equity Research, Institutional Equities, Investment/Merchant Banking, Broking & DP Services, Investment/ Wealth Advisory, Portfolio Management and Distribution of Financial Products.
4	Disclosure of relationships between directors	Mr. Nikunj Pachisia is related to Mr. Naresh Pachisia and Mr. Vaibhav Pachisia.
5	Affirmation as per Exchange Circulars NSE/CML/2018/24 and LIST/COMP/14/2018-19 dated June 20, 2018	Mr. Nikunj Pachisia is not debarred from holding the office of Director of the Company, by virtue of any SEBI order or any other such authority.