Your directors have pleasure in presenting the 33th Annual Report together with the Audited Statement of
Accounts of your Company for the financial Year ended March 31, 2025.

1. FINANCIAL SUMMARY : Rule 8(5)(i) of Companies (Account) Rules, 2014

The Company's financial performance for the financial year ended March 31,2025:

(Amount in Thousand)

2. STATE OF AFFAIRS / HIGHLIGHTS : Section 134(3)(i) of Companies Act, 2013 read with Rule 8(5)(ii) of
Companies (Account) Rules, 2014

The Company has been doing business of manufacturing of Newsprints and Absorbent Kraft Papers at its existing
factory located at Gajraula, Distt.Amroha (UP).

The company's management is willing to diversify it's product as it is not viable with the present capacity of the plant.
Apart from this now, the present location of plant & machinery is not environmental friendly, therefore the
management is also of the opinion to relocate it's suitable location.

3. WEB LINK OF ANNUAL RETURN, IF ANY : Section 134(3)(a) of Companies Act, 2013

The Company is having website i.e. www.coralnewsprintslimited.com and annual return of Company has been
published on such website. Link of the same is given below:

4. MEETINGS OF BOARD OF DIRECTORS : Section 134(3)(b) of Companies Act, 2013

Six Board Meetings were held during the Financial Year ended March 31,2025 i.e. The maximum gap between any
two Board Meetings was less than one Hundred and Twenty days. Details are given as follows:

5. DETAILS IN RESPECT OF FRAUD : Section 134(3)(ca) ofCompaniesAct, 2013

During the year under review, the Statutory Auditor in their report have not reported any instances of
frauds committed in the Company by its Officers or Employees under section 143(12) of the Companies
Act, 2013.

6. BOARD’S COMMENT ON THE AUDITORS’ REPORT : Section 134(f) of CompaniesAct, 2013

The observations of the Statutory Auditors, when read together with the relevant notes to the accounts
and accounting policies are self-explanatory and do not call for any further comment.

7. MATERIAL CHANGES AND COMMITMENTS : Section 134(3)(L) of Companies Act, 2013

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.

8. CHANGE IN DIRECTORSHIP : Rule 8(5)(iii) of Companies (Account) Rules, 2014

There has been no change in the constitution of the Board during the financial year under review i.e. the
structure of the Board remains the same.

9. DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS,
COURTS AND TRIBUNALS : Rule 8(5)(vii) of Companies (Account) Rules, 2014

No significant and material order has been passed by the regulators, courts, tribunals impacting the
going concern status and Company's operations in future.

10. CONTRACTS AND ARRANGEMENTS WITH RELATED PARTIES : As per Section 134(3)(h)

All related party transactions that were entered into during the financial year ended March 31, 2025,
were on an arm's length basis and were in the ordinary course of business. Therefore, the provisions of
Section 188 of the Companies Act, 2013 were not attracted.

However, there are no materially significant related party transactions during the financial year made by
the Company, thus, disclosure in Form AOC-2 is not required.

11. COMPLIANCE WITH SECRETARIAL STANDARD : As perSS1

The Company has Complied with the applicable Secretarial Standards (as amended from time to time)
on meetings of the Board of Directors and Meeting of Shareholders (EGM/AGM) i.e. SS-1 and SS-2
issued by The Institute of Company Secretaries of India and approved by Central Government under
section 118(10) of the Companies Act, 2013.

12. PARTICULARS OF LOANS AND INVESTMENT : As per Section 134(3)(g)

The Company has not made any Investment, given guarantee and securities during the financial year
under review. Therefore, no need to comply provisions of section 186 of Companies Act, 2013.

13. TRANSFER TO RESERVE : As per Section 134(3)(j)

The Board of Directors of your company has decided not to transfer any amount to the Reserves for the

financial year under review.

14. DIVIDEND : 4s per Section 134(3)(k)

The Board of Directors of your company, not declared any Dividend for the current financial year due to
conservation of Profits/due to loss incurred by the Company /due to insufficient profit.

15. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNINGS & OUTGO:

A. Conservation of Energy, Technology Absorption Section 134(3)(m) read with Rule 8(3)(A
and B) of Companies (Account) Rules, 2014

Conservation of energy is of utmost significance to the Company. Operations of the Company are
not energy intensive. However, every effort is made to ensure optimum use of energy by using
energy- efficient computers, processes and other office equipment. Constant efforts are made
through regular/ preventive maintenance and upkeep of existing electrical equipment to minimize
breakdowns and loss of energy.

The Company is continuously making efforts for induction of innovative technologies and
techniques required for the business activities.

• Steps taken by company for utilizing alternate sources of energy: NIL

• Capital investment on energy conservation equipment's: NIL

B. Foreign Exchange earnings and Outgo Section 134(3)(m) read with Rule 8(3)(C) of Companies
(Account) Rules, 2014

16. RISK MANAGEMENT POLICY : Section 134(3)(n)

Risk Management is the process of identification, assessment and prioritization of risks followed by
coordinated efforts to minimize, monitor and mitigate/control the probability and/or impact of
unfortunate events or to maximize the realization of opportunities. The Company has laid down a
comprehensive Risk Assessment and Minimization Procedure which is reviewed by the Board from
time to time. These procedures are reviewed to ensure that executive management controls risk
through means of a properly defined framework. The major risks have been identified by the Company
and its mitigation process/measures have been formulated in the areas such as business, project
execution, dg event, financial, human, environment and statutory compliance.

17. PREVENTION OF SEXUAL HARASSMENT OF WOMEN AT WORKPLACE [“POSH”] : Rule 8(5)(x)
of Companies (Account) Rules, 2014

The Company has adopted a policy for prevention of sexual harassment at the workplace, in line with
the requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and

Redressal) Act, 2013 (“POSH Act”). An Internal Complaints Committee (“ICC”) has been duly
constituted as per the provisions of the POSH Act to redress complaints regarding sexual harassment at
the workplace.

During the financial year under review, the Company has complied with all the provisions of the POSH
Act and the rules framed thereunder. Further details are as follow:

18. DETAILS OF SUBSIDIARY, JOINT VENTURE OR ASSOCIATE COMPANIES : Rule 8(5)(iv) of
Companies (Account) Rules, 2014

As on March 31,2025, Company doesn't have any Subsidiary & Joint Venture and
Associate Companies at the end of the year.

19. INTERNAL FINANCIAL CONTROL: Rule 8(5)(viii) of Companies (Account) Rules, 2014

The Company has in place adequate internal financial controls with reference to financial statements.
During the financial year, such controls were tested and no reportable material weakness in the design
or operation was observed.

20. AUDITOR: As per Section 139

Auditors of the Company M/s L.N. Malik & Co. Chartered Accountants, be and hereby re-appointed as
Statutory Auditors of the company and they shall hold office until the conclusion of the ensuing Annual
General Meeting and being eligible offer themselves for re-appointment until the conclusion of (33rd
AGM) Annual General Meeting of the company for the year ended 31st March 2025.

Secretarial Auditors

Pursuant to the provisions of Section 204 of the Companies Act 2013 and rules made thereunder; the
company had appointed Raj Kumar Yadav, PCS, to undertake the Secretarial Audit of the Company for
the financial Year ended March 31,2025. The secretarial Report has been annexed as ‘Annexure, to the
Directors' Report.

21. DIRECTOR’S RESPONSIBILITY STATEMENT : As per Section 134(3)(c)

The Directors would like to inform the Members that the Audited Accounts for the financial year ended
March 31,2025, are in full conformity with the requirement of the Companies Act, 2013. The Financial
Accounts are audited by the Statutory Auditors, (Auditor/Auditor Firm Name along with (FRN 015992N).
The Directors further confirm that: -

a) In the preparation of the annual accounts for the year ended March 31, 2025 the applicable
accounting standards read with requirements set out under Schedule III to the Act, have been
followed and there are no material departures from the same.

b) The Directors 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 as at March 31,2025 and of the profit of the Company for the year
ended on that date.

c) The Directors 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) The Directors have prepared the annual accounts on a ‘going concern' basis.

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

22. DEPOSITS : Rule 8(5)(v & vi) of Companies (Account) Rules, 2014

The Company has not accepted any deposits under Section 73 of the Companies Act, 2013 during the
financial year.

23. CORPORATE SOCIAL RESPONSIBILITY : Section 135(3)(o)

The CSR is not applicable to the company.

24. COST RECORD : Rule 8(5)(ix) of Companies (Account) Rules, 2014

As per section 148 of the Companies Act, 2013, read with the Companies (Cost Records and Audit)
Rules, 2014, your Company is not required to maintain cost records.

25. STATEMENT ON DECLARATION FROM INDEPENDENT DIRECTORS:

The Company has received necessary declarations from all Independent Directors of the Company in
accordance with the provisions of Section 149(7) of the Companies Act, 2013 confirming that they meet
the criteria of independence as prescribed under Section 149(6) of the Companies Act, 2013.

26. ESTABLISHMENT OF VIGIL MECHANISM/WHISTLE BLOWER POLICY:

Pursuant to the provisions of section 177(9) of the Companies Act, 2013 read with Rule 7 of the
Companies (Meeting of Board and it powers) Rules, 2014, the Company has adopted Whistle Blower
Policy/Vigil Mechanism for directors and employees to report concerns about unethical behavior, actual
or suspected fraud or violation of the Code of Conduct. It also provides for adequate safeguards against
victimization of directors/employees who avail of the Mechanism.

The Company affirms denied access to the Audit Committee. To ensure proper functioning of vigil
mechanism the Audit Committee of the Company on quarterly basis take note of the same.

27. PARTICULARS OF EMPLOYEES, DIRECTORS AND KEY MANAGERIAL PERSON :

In terms of Section 197(12) of the Companies Act, 2013 read with Rule 5 of the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014, the necessary disclosures
have been annexed as ‘Annexure - to the Directors' Report.

28. MANAGEMENT DISCUSSION AND ANALYSIS :

The Management Discussion and Analysis Report for the year under review has been Annexed as
‘Annexure' to the Directors' Report.

29. CORPORATE GOVERNANCE:

Not Applicable to the company

30. FORMAL ANNUAL EVALUATION OF THE PERFORMANCE OF THE BOARD, ITS COMMITTEES &
INDIVIDUAL DIRECTORS:

The Board of Directors have evaluated the performance of all Independent Directors, Non-Independent
Directors and its Committees. The Board deliberated on various evaluation attributes for all directors
and after due deliberations made an objective assessment and evaluated that all the directors in the
Board have adequate expertise drawn from diverse industries and business and bring specific
competencies relevant to the Company's business and operations. The Board found that the
performance of all the Directors was quite satisfactory.

31. PROCEEDINGS PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016 : Rule
8(5)(xi) of Companies (Account) Rules, 2014

Not Applicable to the Company

32. DIFFERENCE IN VALUATION : Rule 8(5)(xii) of Companies (Account) Rules, 2014
Not Applicable to the Company.

33. MATERNITY BENEFIT: Rule 8(5)(xiii) of Companies (Account) Rules, 2014

The Company affirms that it has duly complied with all provisions of the Maternity Benefit Act, 1961, and
has extended all statutory benefits to eligible women employees during the year.
ACKNOWLEDGMENT

Your directors place on the record their appreciation of the Contribution made by employees,
consultants at all levels, who with their competence, diligence, solidarity, co-operation and support have
enabled the Company to achieve the desired results.

The board of Directors gratefully acknowledge the assistance and co-operation received from the
Central and State Governments Departments, Shareholders and Stakeholders.

Regd. Office: By The Order of The Board,

A-138, First Floor, Vikas Marg, For Coral Newsprints Limited

Shakarpur, Delhi-110092 „ ,

Pushpendra P.S. Chauhan

^Place Ý ^Delhi Whole-Time Director

^Date Ý ^26-05-2025 (DIN: 01871760)