Your Directors present the 37^th Annual Report on the business and operations of the Company along with the audited standalone
and consolidated financial statements for the year ended 31^st March, 2025.

1. Financial Results

Rc in i o 1/ he

2. Overview of Company's Financial Performance:

The company's performance during Financial Year
2024-25 on a standalone and consolidated basis were as
follows -

A. On standalone basis

The company standalone revenue were Rs. 59152
Lakhs in FY 2024-25 as against Rs.55646 Lakhs
FY 2023-24. ( 6%) Increase from previous year. The
Profit before tax for the FY 2024-25 was Rs. 6265
lakhs as against Rs. 7493 Lakhs FY 2023-24. The
profit after tax was Rs 4630 lakhs in FY 2024-25
compared to Rs 5583 lakhs in FY 2023-24

B. Consolidated revenues

The company's consolidated revenue were Rs 93525
lakhs in FY 2024-25 compared to Rs 89045 lakhs in
FY 2023-24. The company's profit after tax decreased

from Rs. 7183 lakhs in FY 2023-24 to Rs. 5879 lakhs
in FY 2024-25. The EBITDA* decreased from Rs 12767
lakhs in FY 2023-24 to Rs. 12696 lakhs in FY 2024-25.

*other Income excluded from EBITDA to show core
operational efficiency.

3. Economic scenario

Global economic performance in 2024 remained resilient
amid headwinds, with the services sector offsetting
manufacturing slowdowns. Global GDP growth eased
slightly from 3.3% in 2023 to an estimated 3.2% in 2024,
reflecting stable overall momentum.

Advanced economies sustained a steady 1.7% growth,
while emerging and developing markets saw a modest dip
from 4.4% to 4.2%, primarily due to weaker manufacturing
in Europe and parts of Asia, supply chain disruptions, and
soft consumer demand. A key positive was the continued

decline in global inflation—from 6.1% in 2023 to 4.5% in
2024—with further moderation expected (3.5% in 2025
and 3.2% in 2026). This was driven by the fading impact
of past shocks, improved labour supply, and effective
monetary policies.

However, the year ended with rising geopolitical
uncertainty following Donald Trump's return as U.S.
President. The administration's tariff threats against
countries with higher trade barriers added volatility to
global trade outlooks, emerging as a key risk in 2025.

2. Prospects and Outlook

Rajratan maintains a cautiously optimistic outlook
despite recent challenges. Its global expansion strategy—
including the establishment of new wholly owned
subsidiary in the US is designed to enhance market
visibility and strengthen customer confidence.

The company's transition to a marketing-driven
organization, coupled with strategic expansion and a
global mindset, positions it for sustainable growth,
improved competitiveness, and deeper customer
engagement. Rajratan anticipates improved profitability
and reduced debt, driven by higher offtake and enhanced
operational efficiencies.

4. Dividend

The Board of Directors at their meeting held on 21^st April,
2025, has recommended dividend payment of Rs. 2/-
(Rupees Two Only) per equity share of the face value
of Rs.2 (Rupee Two Only) each as final dividend for the
financial year ended 31^st March, 2025. The payment of final
dividend is subject to the approval of the shareholders
at the ensuing Annual General Meeting (AGM) of the
Company. The total dividend amount for the financial year
2024-25, including the proposed final dividend, amounts
to Rs. 1015 Lakhs.

In view of the changes made under the Income-tax
Act, 1961, by the Finance Act, 2020, dividends paid or
distributed by the Company shall be taxable in the hands
of the Shareholders. The Company shall, accordingly
make the payment of the final dividend after deduction
of tax at source.

Dividend Distribution Policy

In terms of Regulation 43A of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 (“Listing
Regulations"), the Board of Directors of your company
has approved and adopted, the Dividend Distribution
Policy of the Company and the same is made available on
the website of the Company. The same can be accessed
on https://rajratan.co.in/investors/

5. Transfer to Reserves

Consequent to introduction of Companies Act 2013,
the requirement of mandatory transfer of a specified

percentage of the net profit to general reserve has been
withdrawn and the Company can optionally transfer any
amount from the surplus of profit or loss account to the
General reserves. The Company has transferred Rs. 3000
Lacs to the General Reserve out of the amount available
for appropriation.

6. Share Capital

The paid up share capital of the company as on 31^st March,
2025 is Rs. 1015 Lacs. There has been no change in the
paid up capital of the Company during the year under
review. Your company does not hold any instruments
convertible into the equity shares of the Company.

7. Subsidiary Companies

The Company has two foreign wholly-owned subsidiary
viz. Rajratan Thai Wire Co. Ltd. and Rajratan Wire USA
Inc.There was no associate company within the meaning
of Section 2(6) of the Companies Act, 2013(“Act").
There was no change in the nature of the business of
the subsidiaries.

Pursuant to Section 129(3) of the Act, a statement
containing salient features of the financial statements of
the Company's subsidiaries in Form AOC-1 is attached
to the financial statements of the company. Pursuant to
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 the subsidiaries, are available on the website
of the company www.rajratan.co.in. Performance of
subsidiaries of the Company during the year, was below -

Rajratan Thai Wire Co. Limited, Thailand:

Rajratan Thai Wire Co. Limited, a fully-owned subsidiary
of the Company operates its manufacturing facility
in Ratchaburi, Thailand, specializing in bead wire
production. During the reviewed year, it witnessed
increase in sales volume, increasing by 2068 MT to reach
44279 MT, compared to the previous year's figure of 4221 1
MT. Net revenues reduced by THB 147.32 lakhs and stood
at THB 14063.94 lakhs, in contrast to THB 14211.94 Lakhs
recorded in the previous year. Profit after tax, which stood
at THB 454.93 Lakhs compared to THB 714.08 Lakhs in
the previous year.

Rajratan Wire USA Inc., USA:

Rajratan Wire USA Inc., a wholly-owned subsidiary of the
Company continues to strengthen its presence in the
American market. The subsidiary is primarily engaged
in the import and sale of wires in the United States and
also plays a vital role in the marketing and promotion
of products manufactured by the Holding Company.
This strategic presence supports the Company's global
outreach and enhances customer engagement in a key
international market. During the year under review, the
subsidiary reported a turnover of Rs. 1,225 lakhs and a
net profit of Rs. 7 lakhs.

8. Directors' responsibility statement

Pursuant to Section 134(5) of the Companies Act, 2013,
the board of directors, to the best of their knowledge and
ability, confirm that:

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

b) they have 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 of the Company for that period;

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

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

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

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

9. Deposits:

The Company has not accepted any fixed deposit from the
public during the financial year ended 31^st March, 2025
within the meaning of section 73 and 74 of the Companies
Act, 2013 read with the relevant rules.

10. Listing:

The shares of the Company are listed on the Bombay
Stock Exchange Limited and National Stock Exchange
of India Limited, and the Company is regular in payment
of the listing fees. There was no suspension of trading
during the year under review.

11. Conservation of Energy, Technology and
Foreign Exchange Earnings and outgo

The particulars as prescribed under Section 134(3)(m) of
the Companies Act, 2013 read with Companies (Accounts
of Companies) Rules, 2014 are set out in an "Annexure-I"
to this report.

12. Material changes and commitments occurred,
if any, affecting the financial position of the
company, having occurred since the end of the
year and till the date of Report

There have been no material changes and commitments,
which affect the financial position of the company which
have occurred between the end of the financial year to
which the financial statements relate and the date of
this Report.

13. Corporate Social Responsibility

As a part of CSR initiative under the 'Corporate Social
Responsibility' drive, the Company has undertaken
projects mainly in the areas education, women
empowerment, health care and plantation. The Company
works primarily through its CSR trust, the Rajratan
Foundation. The Company's CSR policy is available on
our website, at www.rajratan.co.in/investors/. The annual
report on our CSR activities is appended as 'Annexure II'
to the Board's Report.

14. Business Responsibility and Sustainability
Report

A Business Responsibility and Sustainability Report as
required under Regulation 34(2) (f) of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations,
2015 has been given in 'Annexure-VIM'.

15. Directors and key managerial personnel

On the recommendation of Nomination and remuneration
committee, the Board of Directors of the Company at
its meeting held on 21^st October, 2024, approved the re¬
designation of Mr. Yashovardhan Chordia (DIN: 08488886)
as 'CEO and Deputy Managing Director' in the category
of Whole Time Director for the remaining tenure of his
appointment and his re-designation as such was duly
approved by the shareholders.

In accordance with the provisions of Section 152 and other
applicable provisions, if any of the Act and the Articles of
Association of the Company, Mr. Abhishek Dalmia (DIN:
0001 1958) Executive Director of the Company, is liable to
retire by rotation at the ensuing AGM and being eligible
has offered himself for re-appointment. The necessary
resolution for re-appointment of Mr. Abhishek Dalmia
forms part of the Notice convening the Annual General
Meeting ('AGM') scheduled to be held on.

The Company has received declarations from all the
Independent Directors of the Company confirming that:

a) they meet the criteria of independence prescribed
under the Act and the Listing Regulations and

b) they have registered their names in the Independent
Directors' Databank.

In the Opinion of the Board, alt the independent directors
fulfills the criteria of the independency as required
under the Companies Act, 2013 and the SEBI (LODR)
Regulations, 2015.

In terms of Section 203 of Companies Act, 2013 Mr. Sunil
Chordia, Mr. Hitesh Jain and Mr. Shubham Jain are key
managerial personnels of the Company. During the year
under review, there were no other changes to the Key
Managerial Personnel of the Company.

16. Number of meetings of the board

Four meetings of the Board were held during the year.
The details of the meetings of the Board of Directors
and its committees, convened during the financial year
2024-25 are given in the Corporate Governance Report,
which forms part of this Annual Report.

17. Board evaluation

In compliance with the Companies Act, 2013 and
Regulation 17(10) of SEBI (Listing Obligations and
Disclosure Requirements), Regulations, 2015, the
performance evaluation of the Independent Directors was
carried out during the year under review. More details on
the same are given in the Corporate Governance Report.

The performance of the Board was evaluated after
seeking inputs from all the directors on the basis of the
criteria such as the Board composition and structure,
effectiveness of board processes, information and
functioning, etc. The performance of the committees
was evaluated by the board after seeking inputs from
the committee members on the basis of the criteria
such as the composition of committees, effectiveness of
committee meetings, etc.

The Board and the Nomination and Remuneration
Committee (“NRC”) reviewed the performance of the
individual directors on the basis of the criteria such as the
contribution of the individual director to the Board and
committee meetings like preparedness on the issues to
be discussed, meaningful and constructive contribution
and inputs in meetings, etc. In addition, the Chairman
was also evaluated on the key aspects of his role.

In a separate meeting of independent Directors,
performance of non-independent directors, performance
of the Board as a whole was evaluated.

18. Board Committees

Your Company has in place the Committee(s) as mandated
under the provisions of the Companies Act, 2013 and
SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015. There are currently five committees of
the Board, namely:

Ý Audit Committee

Ý Nomination & Remuneration Committee

Ý Stakeholders' Relationship Committee

Ý Corporate Social Responsibility Committee

Ý Risk Management Committee

Details of the Committees along with their composition
and meetings held during the year, are provided in the
Corporate Governance Report, which forms part of
this report.

19. Policy on directors' appointment and
remuneration and other details

The Company has in place policy for directors' appointment
and remuneration and other matters provided in Section
178(3) of the Act which is available on the website of the
company at www.rajratan.co.in/investors

20. Managerial Remuneration and particulars
of employees

Pursuant to Rule 5 of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014
a disclosure on remuneration related information of
employees, Key Managerial Personnel and directors
is annexed herewith and forming part of the report as
“Annexure-III.” The Chairman and Managing Director of
your Company does not receive remuneration from any of
the subsidiary of your Company.

21. Transactions with related parties

During the Financial Year 2024-25, all contracts/
arrangements/transactions entered into by your Company
with related parties under Section 188(1) of the Act were in
the ordinary course of business and at arm's length basis.
During the Financial Year 2024-25, your Company has not
entered into any contracts/arrangements/transactions
with related parties which could be considered 'material'.
Thus, there are no transactions required to be reported
in form AOC-2. The Board has taken on record all
transaction with related parties.

Further, during Financial Year 2024-25, there were no
materially significant related party transactions made
by your Company with the Promoters, Directors, Key
Managerial Personnel or other designated persons,
which might have potential conflict with the interest of
the Company at large. All related party transactions are
placed before the Audit Committee and approved through
the Omnibus mode in accordance with the provisions of
the Companies Act, 2013 and Listing Regulations. The
policy on Related Party Transactions is uploaded on the
Company's website www.rajratan.co.in/investors

The details of RPTs during FY 2024-25 are provided in
the accompanying financial statements. During the
FY 2024-25, the Non-Executive Directors of the Company
had no pecuniary relationship or transactions with

the Company other than sitting fees, commission and
reimbursement of expenses, as applicable.

22. Annual return

The Annual Return of the Company as on 31^st March,
2024 in Form MGT - 7 in accordance with Section 92(3)
of the Act read with the Companies (Management and
Administration) Rules, 2014, is available on the website of
the Company at www.rajratan.co.in/investors

23. Loans, Guarantees and Investment

The company issued guarantee in favor of its wholly- owned
subsidiary viz. Rajratan Thai Wire Limited, Thailand which
is exempted under the provisions of section 186 of the
Companies Act, 2013 read with Rule 11 of the Companies
(Meetings of Board and its Powers) Rules, 2014. Details
of Loans, Guarantees and Investments covered under the
provisions of Section 186 of the Companies Act, 2013 are
given in the notes to the Financial Statements.

24. Auditors:

a. Statutory Auditors:

At the 34^th AGM held on 21^st June, 2022 the Members
approved appointment of M/s Fadnis & Gupte
LLP, Chartered Accountants, Indore as Statutory
Auditors of the Company to hold office for a period
of five years from the conclusion of that AGM till the
conclusion of the 39^th AGM, subject to ratification of
their appointment by Members at every AGM, if so
required under the Act. The requirement to place
the matter relating to appointment of auditors for
ratification by Members at every AGM has been done
away by the Companies (Amendment) Act, 2017 with
effect from May 7, 2018. Accordingly, no resolution
is being proposed for ratification of appointment of
statutory auditors at the 37^th AGM.

There is no audit qualification, reservation or adverse
remark for the year under review.

b. Secretarial Auditors:

In compliance with Regulation 24A of the SEBI
Listing Regulations and Section 204 of the Act, the
Board at its meeting held on 21^st April, 2025, based
on recommendation of the Audit Committee, has
approved the appointment of Palash Jain & Co.,
Practising Company Secretaries, a peer reviewed
firm as Secretarial Auditors of the Company for a
term of five consecutive years commencing from
FY 2025-26 till FY 2029- 30, subject to approval of the
Members at the ensuing AGM.

Pursuant to the provisions of Section 204 of
the Companies Act, 2013 and The Companies
(Appointment and Remuneration of Managerial
Personnel) Rules, 2014, the Company has appointed
Palash Jain, Company Secretary in Practice (CP
No. 19754) to conduct the Secretarial Audit of the
Company. The Report of the Secretarial Audit is

annexed herewith as "Annexure-IV" The secretarial
audit report does not contain any qualification,
adverse observations/remarks.

c. Cost Auditors:

As per the requirement of Section 148 of the
Companies Act, 2013 read with the Companies
(Cost Records and Audit), Amendment Rules 2014,
your Company is required to get its cost accounting
records audited by a Cost Auditor.

Further the Board of Directors on the
recommendation of Audit Committee, has appointed
M/s Dhananjay V. Joshi & Associates, Cost and
Management Accountants (Firm Registration No.
000030), Practicing Cost Accountants to conduct
the audit of the cost accounting records of the
Company for Financial year 2025-26. As required
under the Companies Act, 2013 resolution seeking
members approval for the remuneration payable to
Cost Auditor form part of the notice convening the
AGM for their ratification. The Cost Audit Report of
the Company for the financial year ended 31^st March,
2024, was filed with the Ministry of Corporate Affairs,
New Delhi.

d. Internal Auditor

The Company has appointed M/s Mehta Garg &
Dhanuka, Chartered Accountants (Firm Registration
No 019648C) as Internal Auditors to conduct internal
audit of the function and activities of the Company.
The Audit Committee of the Board of Directors in
consultation with the Internal Auditors, formulate
the scope, functioning, periodicity and methodology
for conducting the internal audit.

25. Internal Control System and their Adequacy,
Internal Financial Controls

Your Company's internal control system is commensurate
with its scale of operations designed to effectively control
the operations. The internal control systems are designed
to ensure that the financial and other records are
reliable for the preparation of financial statements and
for maintaining assets. Independent Internal Auditors
conduct audit covering a wide range of operational
matters and ensure compliance with specified standards.
Planned periodic reviews are carried out by Internal
Audit. The findings of Internal Audit are reviewed by the
top management and by the Audit Committee of the
Board of Directors. The Audit Committee reviews the
adequacy and effectiveness of internal control systems
and suggests ways of further strengthening them, from
time to time.

As per Section 134(5)(e) of the Companies Act 2013, the
Directors have an overall responsibility for ensuring
that the Company has implemented robust system and
framework of Internal Financial Controls. This provides
the Directors with reasonable assurance regarding
the adequacy and operating effectiveness of controls

with regards to reporting, operational and compliance
risks. The Company has devised appropriate systems
and framework including proper delegation of authority
policies and procedures, effective IT systems aligned to
business requirements, risk based internal audits, risk
management framework and whistle blower mechanism.

26. Risk management

The company has laid down a well-defined risk
management mechanism covering the risk mapping and
trend analysis, risk exposure, potential impact and risk
mitigation process. A detailed exercise is being carried
out to identify, evaluate, manage and monitor and non¬
business risks. The Audit Committee and the Board
periodically review the risks and suggest steps to be
taken to manage/ mitigate the same through a properly
defined framework. During the year, a risk analysis and
assessment was conducted and no major risks were
noticed, which may threaten the existence of the company.

27. Disclosure requirements

a) Corporate Governance:

Your Company is committed to maintain the highest
standards of Corporate Governance. Your Directors
adhere to the stipulations set out in the SEBI
(Listing Obligations and Disclosure Requirements)
Regulations, 2015.

A separate report of the Board of Directors of the
Company on Corporate Governance is an integral
part of the Annual Report and included as Annexure
'V' and the Certificate from M/s Fadnis & Gupte
LLP, Chartered Accountants, Indore (ICAI Firm
Registration No. 021781C), Statutory Auditors of
the Company, confirming compliance with the
requirements of Corporate Governance as stipulated
in Regulation 34 read with Schedule V of SEBI
(Listing Obligations and Disclosure Requirement)
Regulations, 2015 is annexed as Annexure 'VI.

b) Familiarization Program for Independent
Directors

Your Company has in place a Familiarization Program
for independent Directors to provide insights into
the Company's Business to enable them contribute
significantly to its success. The Senior Management
makes presentations periodically to familiarize the
Independent Directors with the strategy operations
and functions of the Company. The details of the
familiarization program of the independent directors
are available on the website of the Company www.
rajratan.co.in/investor/.

c) Dematerialisation of Shares

The shares of your Company are being traded in
electronic form and the Company has established
connectivity with both the depositories i.e. National
Securities Depository Limited (NSDL) and Central
Depository Services (India) Limited (CDSL). In view of
the numerous advantages offered by the Depository
system, Members are requested to avail the facility
of dematerialization of shares with either of the
Depositories as aforesaid. As on 31^st March, 2025,
99.41% of the share capital stands dematerialized.

d) Policy on determining material subsidiary of the
Company is available on the website of the Company
www.rajratan.co.in/investor/.

e) Policy on dealing with related party transactions
is available on the website of the Company www.
rajratan.co.in/investor/.

f) The Company has formulated and published a
Whistle Blower Policy to provide Vigil Mechanism
for employees including directors of the Company
to report genuine concerns. The provisions are in
line with the provisions of the section 177(9) of the
Companies Act, 2013 read with regulation 22 of the
Listing Regulations.

g) As required under section 134(q) there are no
significant and material orders passed by the
regulators or courts or tribunals impacting the going
concern status and company's operations in future.

h) The Board of Directors has approved a Code of
Conduct which is applicable to the Members of the
Board and all employees in the course of day to day
business operations of the company.

i) The Company has adopted a Code of Conduct for
Prevention of Insider Trading in accordance with
the requirements of the SEBI (Prohibition of Insider
Trading) Regulation, 2015 with a view to regulate
trading in securities by the Directors and designated
employees of the Company. The Code requires pre¬
clearance for dealing in the Company's shares and
prohibits the purchase or sale of Company shares
by the Directors and the designated employees
while in possession of unpublished price sensitive
information in relation to the Company and during
the period when the Trading Window is closed. The
Board is responsible for implementation of the Code.
All Board Directors and the designated employees
have confirmed compliance with the Code. The
Insider Trading Policy of the Company covering
code of practices and procedure for fair disclosure
of unpublished price sensitive information and code

of conduct for the prevention of insider trading is
available on the website of the Company at www.
rajratan.co.in/investor.

j) As required by the Sexual Harassment of Women at
Work Place (Prevention, Prohibition & Redressal) Act,
2013, the Company has formulated and implemented
a policy on prevention of sexual harassment at the
workplace with a mechanism of lodging complaints
and has formed required committee. During the year
under review, no complaints were reported.

k) The details of the Committees of Board are provided
in the Corporate Governance Report section of this
Annual Report.

l) The details of credit ratings are disclosed in the
Corporate Governance Report, which forms part of
the Annual Report.

m) In accordance with the provisions of the Act and
Listing Regulations read with relevant accounting
standards, the consolidated audited financial
statement forms part of this Annual Report.

n) The Company has followed applicable Secretarial
Standards, issued by the Institute of Companies
Secretaries of India.

o) As required under Section 134(3)(a) of the Act, the
Annual Return is put up on the Company's website
i.e. www.rajratan.co.in/investors

28. Management Discussion and Analysis

A detailed report on Management Discussion and Analysis
is provided as a separate section in the Annual Report.

29. Cautionary Note:

The management discussion and analysis report
containing your Company's objectives, projections,
estimates and expectation may constitute certain
statements, which are forward looking within the meaning
of applicable laws and regulations. The statements in this
management discussion and analysis report could differ
materially from those expressed or implied. Important
factors that could make a difference to the Company's
operation include raw material availability and prices,
cyclical demand and pricing in the Company's principal
markets, changes in the governmental regulations, tax
regimes, forex markets, economic developments within
India and the countries with which the Company conducts
business and other incidental factors.

30. ANNEXURES FORMING A PART OF
DIRECTOR'S REPORT

The Annexures referred to in this Report and other
information which are required to be disclosed are
annexed herewith and form a part of this Report:

31. Human Resources and Industrial Relations:

Your Company has been able to operate efficiently
because of a culture of professionalism, integrity,
dedication, competence, commitments, high level of
people engagement and continuous improvement shown
by its employees in all functions and areas of business.
Our basic objective is to ensure that a robust talent
pipeline and a high-performance culture, centered
around accountability is in place. We feel this is critical to
enable us retain our competitive edge.

During the year measures for training, development,
safety of the employees and environmental awareness
received top priority of Management. The Directors wish
to place on record their appreciation for the efficient
and loyal services rendered by all staff and work force
of the Company, without whose wholehearted effort, the
satisfactory performance would not have been possible.

32. Appreciation:

Your Board of Directors would like to convey their
sincere appreciation for the wholehearted support and
contributions made by all the employees at all levels of
the Company for their hard work, solidarity, cooperation
and dedication during the year.

Your Directors sincerely convey their appreciation to
customers, shareholders, vendors, bankers, business
associates, regulatory and government authorities for
their continued support.

For and on behalf of the Board

Sunil Chordia Yashovardhan Chordia

Place: Indore Chairman & Managing Director CEO and Dy Managing Director

Dated: 21^st April, 2025 DIN - 00144786 DIN - 08488886