Salora International Ltd — Board Meeting, 27-05-2025: Board Meeting

Regd.& Corporate Office:0-13/4,OkhlaIndustrialArea,Ph-II,New Oelhi-110020,Ph.:011-35008342,

CIN: L74899 OL 1968PLC004962,E-mail: info@salora.com,Website: www.salora.com

TheBoard has approved appointment ofMis.SCV&Co. LLP,CharteredAccountants,

asInternalAuditorsofthe CompanyforF.Y.2025-26.

3. Appointment of InternalAuditors of the Company

Pursuantto Regulation 33of the SEBI(LODR)Regulations,2015as amended from time

totime;wedohereby confirm that the StatutoryAuditors ofthe Companyhaveissueda

AuditReportwith un-modified opinionon the AuditedFinancial Resultsofthe Company

forthe yearended31"March 2025.The copy of theReport is enclosed herewith.

2.Audit Report declaration

TheBoard hasapprovedAuditedFinancial Resultsofthe Company fortheQuarterand

yearended31"March,2025.The copy of the Financial Resultsisenclosed herewith.

1.Audited Financial Resultsfor the Quarter andyear ended 31stMarch 2025.

The outcome ofthe 303rdmeetingofBoardofDirectorsheld on todayi.e. 2ihMay,2025IS

givenasunder:

DearSir,

Sub:Outcome of Board Meetinz held on 27thMay, 2025

Ref:Re2ulation 30&33 ofSEBI(Listin2Obligationsand Disclosure

Requirements) Rezulations 2015

CompanyScrip Code: 500370

May27,2025

BSELtd.

PhirozeJeejeebhoy Towers

DalalStreet

MUMBAI-400 001.

Salora International Ltd.

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Regd. & Corporate Office:0-13/4,Okhla IndustrialArea,Ph-II,New Oelhi-110020,Ph. :011-35008342,

CIN : L74899OL1968PLC004962,E-mail: info@salora.com,Website: www.salora.com

Encl.:Asabove

(Gopal Sitaram Jiwarajka)

Chairman&ManagingDirector.

Yoursfaithfully,

for Salora International Ltd.

Thanking you,

Pleasenotethat themeeting oftheBoardofDirectors commencedat 12.00 P.M.and concluded

at 3:45 P.M.

Therelated party transactions fortheperiodended on31"March,2025 is enclosed

herewith.

6.Related Party Transactions

TheBoard hasrecommendedthe appointment ofMis.SVR&Co.,Practicing Company

Secretary,as SecretarialAuditors ofthe CompanyfromF.Y.2025-26 to 2029-30 to

shareholders ofthe Companyin the ensuing AnnualGeneral Meeting.

5.Appointment of Secretarial Auditor

The Board has approvedappointment ofMis.GurvinderChopra&Co., Cost

Accountants,as Cost Auditorsofthe Companytoconductauditofthe Company'scost

recordsforF.Y. 2025-26.

4. Appointment of CostAuditors of the Company

Salora International Ltd.

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Management'sResponsibilitiesfor theAnnual Financial Results

These annual financialresults have been prepared on the basis of the financial

statements.

The Company's Management and the Board of Directors are responsible for the

preparation and presentation of these annualfinancialresults that give a true and fair

view of the net profit and other comprehensive income and other financial information in

accordance with the recognition and measureerinciples laid down in Indian

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A Limited LiabilityPartnershiI',strationNo.AAM-48SS

--=--"

Basisfor Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs)specified

under section 143(10) of the Companies Act,2013,as amended(lithe Act").Our

responsibilities under those Standards arefurther described in the "Auditor's

Responsibilities for the Audit of the Annual 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 withthe'ethical requirements that are

relevant to our audit of the financial statements underthe provisions of the Act and the

Rules thereunder,and we have fulfilled our other ethical responsibilitiesin accordance

with these requirements and the Code of Ethics. We believe that the audit evidence

obtained by us is sufficientandappropriate to provideabasis for our opinion on the

annual financial results.

In our opinion and to the best of our information and according to the explanations given

to us,the statement:

a.is presented in accordance with the requirements of the Regulations 33 of the SEBI

(Listing Obligations and Disclosure Requirements) Regulations,2015,as amended;and

b.gives 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 acceptedin India,ofthe net profit and other comprehensive income

and other financialinformation for the quarter and year ended 31 March,2025.

Opinion

We have audited the accompanying statement of quarterlyand year to date financial

results ofSALORA INTERNATIONAL LIMITED("the Company") for the quarterand year

ended March 31,2025 ("Statement"),attached herewith,being submitted by the

Company pursuant to the requirement of Regulation 33 and 52 of the SEBI(Listing

Obligations and Disclosure Requirements) Regulations,2015,as amended (the "Listing

Regulations").

To

The Boardof Directors of

SALORA INTERNATIONAL LIMITED

ell\RTI:.RI~l)ACCOU~T'\"T~

o

P BAGLA&CO LLPRegd.Office:501,5thFloor,

8-225,OkhlaIndl.Area,Phase·1,

NewDelhi-110020

Ph.:011-47011850,51,52,53

E-Mail:admin@opbco.in

Website:www.opbco.in

Independent Auditor'sReporton theQuarterlyandYear toDateAudited Financial

Results of theCompanyPursuant to theRegulation33and 52of theSEBI (Listing

Obligations and DisclosureRequirements)Regulations,2015,as amended

IN D IA

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•

As partof anauditin accordance with SAs,we exercise professional judgment and

maintainprofessionalskepticism throughout the audit. Wealso:

•Identify and assess therisks of materialmisstatement ofthe annual financial

results,whetherdue to fraudorerror,design and perform audit procedures

responsive to thoserisks, andobtainauditevidence that is sufficientand

appropriate to provide a basisfor ouropinion.Therisk of not detecting a material

misstatementresultingfrom fraud is higherthan for one resulting fromerror,as

fraud may involve collusion,forgery,intentional omissions,misrepresentations,or

the override ofinternalcontrol.

•Obtainan understanding ofinternal controlrelevant to the audit in order to design

auditprocedures that are appropriatein the circumstances.Under Section

143(3)(i)of the Act,we are also responsible forexpressing our opinion onwhether

the companyhas adequateinternal financialcontrolswith reference to financial

statementsin place and the operating effectivenessof such controls.

Our objectivesareto obtain reasonable assuranceabout whether the annual financial

results as a whole is free from material misstatement,whetherdueto fraud or error,and

to issue an auditor'sreport that includes our opinion.Reasonableassuranceis a high

level of assurancebutis not a guarantee thatan auditconducted in accordance with SAs

will always detect a material misstatementwhen itexists.Misstatements can arise from

fraud or error and areconsidered materialif,individually or inthe aggregate,they could

reasonably be expected to influence the economicdecisions ofusers taken onthe basis

ofthese annualfinancial results.

Auditor'sResponsibilitiesfortheAudit oftheAnnualFinancialResults

The Board of Directorsis responsible foroverseeing theCompany's financial reporting

process.

Inpreparingthe annual financialresults,theManagementand the Board ofDirectors are

responsible for assessing the Company's ability to continue as a going concern,

disclosing,as applicable,matters related to going concern andusing the going concern

basis of accounting unless theBoardof Directors eitherintends to liquidate the Company

or to ceaseoperations,or has no realisticalternativebuttodo so.

CHARTEIU,I)AC("OlJ1\rA"'TS

oP BAGLA& COLLPRegd.Office:

501,5th Floor,

B-225,OkhlaIndl. Area,Phase- 1,

New Delhi-110020

Ph.:011-47011850,51,52,53

E-Mail: admin@opbco.in

Website:www.opbco.in

AccountingStandards prescribedunderSection 133ofthe Actand otheraccounting

principles generallyaccepted inIndia andin compliancewith Regulation33of theListing

Regulations.Thisresponsibilityalsoincludes maintenanceof adequate accounting

records inaccordance with the provisions of the Actfor safeguarding of the assets of the

Company and for preventingand detecting frauds andotherirreq.nanttes:selection and

application of appropriate accounting policies;makingjudgments andestimates that are

reasonable and prudent;andthedesign,implementationandmaintenance ofadequate

internal financial controls,that were operatingeffectively for ensuringaccuracyand

completeness of the accountingrecords, relevantto thepreparation and presentationof

theannualfinancialresultsthat givea true and fair view andarefreefrommaterial

misstatement,whetherdue to fraudor error.

CA-

IN D I A

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A Limited Liability Partnership withLLPRegistrationNo.AAM-4855

LBAGLA)

PARTNER

M No. 91885

PLACE:NEW DELHI

DATED:MAY27,2025

For 0 P BAGLA&CO LLP

CHARTERED ACCOUNTANTS

Firm Regn No.000018N/N500091

Other Matter

The Statement includes the results for the quarterended March 31,2025being the

balancing figure between the audited figures in respect ofthe fullfinancialyear ended

March 31,2025and the published unaudited year-to-date figures up tothethirdquarter of

the current financial year,whichwere subjected to alimited reviewby us,asrequired

under the Listing Regulations.Our opinion on the statementisnotmodified in respect of

this matter.

Materiality is the magnitude of misstatements in the annualfinancialresults that

individually orin aggregate,make it probable that the economic decisions of a reasonably

knowledge user of annual financial results may be influenced.We consider quantitative

materiality and qualitative factorsin(i)planningthe scope of our audit work andin

evaluatingthe results of our work;and(i) to evaluate the effect of anyidentified

misstatements in the annual financial results.

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 deficienciesin internal controlthatwe identify during ouraudit.

We also providethose charged with governance with a statement thatwe 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.

•Evaluate the appropriateness and reasonableness of disclosures made by the

Board of Directors in terms of the requirements specified under Regulations 33

and 52 of theLODR Regulations.

•Conclude on the appropriateness of the Board of Directors'use of the going

concern basis of accounting and,based on theaudit evidence obtained,whether a

material uncertainty existsrelated to eventsorconditionsthat may cast significant

doubt on the Company's ability to continueasagoingconcern.Ifwe conclude that

a material uncertaintyexists,we are required todrawattention 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 onthe audit

evidence obtained up to the date of our auditor's report.However,future events or

conditions may cause the Gompany to cease to continue as a going concern.

•Evaluate the overall presentation,structureandcontent ofthe annual financial

results,including the disclosures,and whether the Statement represents the

underlying transactions and events in a manner thatachievesfair presentation.

o

P BAGLA&CO LLP

CA

IND I A

Regd.Office:

501,5th Floor,

B-225,OkhlaIndl.Area,Phase -1,

NewDelhi -110020

Ph.:011-47011850,51,52,53

E-Mail: admin@opbco.in

Website:www.opbco.in

CH'\RTEREO A( (,OlJ~TAI\TS

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3.15 3.52

---

CASHFLOWSFROMOPERATINGACTIVITIES:

Profit/(Loss) before tax

Adjustment for:

Depreciation and amortization expense

Interest Paid

Interest Income

Allowance for doubtful receivables

Irrecoverable Claims/ Advances w/ott

Provision for Irrecoverable Claims&Advances w/back

Bad Debts

loss/(Profit) on sale of Property,Plant and Equipment

Profit on sale of long term Investment

liability no longer required written back

Operating Profit before Working Capital changes

Adjustmentfor:

(Increase) /Decrease in Inventories

(Increase) /Decrease in Trade receivabe-Non Current

(Increase) /Decrease in Other Non-Current Assets

(Increase) /Decrease in Trade Receivables-Current

(Increase) /Decrease in Other FinancialAssets

(Increase) /Decrease in Other Current Assets

Increase/(Decrease) in Other Financial liabilities-Non Current

Increase/(Decrease) in Provisions-Non Current

Increase/(Decrease) in Trade Payables

Increase/(Decrease) in Other Financial liabilities-Current

Increase/(Decrease) in Other Current liabilities

Increase/(Decrease) in Provisions-Current

CashGenerated from! (used in ) Operating Activities

Adjustmentfor:

Direct taxes (paid) / Refund Received(net)

Net cashfrom! (used in ) Operating Activities

CASHFLOWSFROM INVESTINGACTIVITIES:

Expenditure on Property, Plant&Equipment

Saleproceeds, Plant&Equipment

Proceedsfrom sale of long term Investment

loan received back/(given) to employees

Interest received

Net cashfrom! ( used in ) Investing Activities

CASHFLOWSFROM FINANCINGACTIVITIES:

Proceedsof long term Borrowings

Repayments of long term Borrowings

Proceeds/(Repayments) of short term Borrowings (Net)

Interest Paid

Net cashfrom!(used in) Financing Activities

Net Increase! (Decrease) in cash and cash equivalents:

Cashand cash equivalents at beginning of the year

Cashand cash equivalents at end of the year

Particulars

( Rs.In lacs)

Year EndedYear Ended

31.03.202531.03.2024

(171.79)(276.79)

22.1820.68

130.29149.43

(0.68)(9041)

10.1916.66-

9.55-

(6.66)

3.233.54

(0.02)(1.42)

-(0.24)

-(101.90)

(6.60)(196.56)

(26.43)399.32

26.55(74.65)

(2.52)(7.74)

(394.76)295.50

(lA6)(7.36)

(9.67)(118.10)-

(0040)

(11.30)7.14

(46.26)(62.55)

45.20158.68

(54.16)34.48

2.33(17.39)

(479.08)410.37

7.76(10.12)

(471.32)400.25

(36.53)(34.76)

3.3010.50

-0.25

0.97(0.28)

(1.39)7.76

(33.65)(16.53)

13.1021.00

(146.78)(256.64)

820.91(59.31)

(182.64)(87.35)

504.60(382.30)

(0.37)1.42

3.522.10

SALORA INTERNATIONAL LIMITED

CIN:-L74899DL1968PLC004962

Statement of Cash Flows for the year ended 31st March,2025

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Details of the counterparty

Name PAN Name PANRelationship of the counterparty with the listed entity or its subsidiary Opening balance Closingbalance

1 Salora International Limited AAACS3041G Salora Components Limited AAKCS0040FDirector - Gopal Sitaram Jiwarajka & Tarun JiwarajkaAny other transactionPlease Mention Here =>Expenses/Payment on their behalf - - - - -

2 Salora International Limited AAACS3041GManori Properties Private LimitedAAACM3853CDirector - Gopal Sitaram Jiwarajka & Neetu JiwarajkaAny other transactionPlease Mention Here =>Expenses/Payment on their behalf - - - - -

3 Salora International Limited AAACS3041GDevi Electronics Private LimitedAAACD0720FDirector - Gopal Sitaram Jiwarajka & Neetu Jiwarajka & Tarun JiwarajkaSale of goods or services - Sale of Goods - - - - 0.97

4 Salora International Limited AAACS3041GDevi Electronics Private LimitedAAACD0720FDirector - Gopal Sitaram Jiwarajka & Neetu Jiwarajka & Tarun JiwarajkaAny other transactionPlease Mention Here =>Interest Income - - - - -

5 Salora International Limited AAACS3041GDevi Electronics Private LimitedAAACD0720FDirector - Gopal Sitaram Jiwarajka & Neetu Jiwarajka & Tarun JiwarajkaPurchase of goods or servicesPurchase of Goods 636.62 - 636.62 - -

6 Salora International Limited AAACS3041GDevi Electronics Private LimitedAAACD0720FDirector - Gopal Sitaram Jiwarajka & Neetu Jiwarajka & Tarun JiwarajkaAny other transactionSecurity Deposit Received - - - - -

7 Salora International Limited AAACS3041GDevi Electronics Private LimitedAAACD0720FDirector - Gopal Sitaram Jiwarajka & Neetu Jiwarajka & Tarun JiwarajkaAny other transaction Rent Income 0.74 - 0.74 0.98 1.72

8 Salora International Limited AAACS3041GQuick Load 247 Private LimitedAAACQ5174A Pnakhuri- Wife of Tarun Jiwarajka- Director Any other transaction Rent Income - - - 9.35 9.35

9 Salora International Limited AAACS3041GPJTJ Technologies Private LimitedAAJCP6431C Director - Neetu Jiwarajka Sale of goods or services - Sale of Goods 0.01 - 0.01 0.48 0.49

10 Salora International Limited AAACS3041GPJTJ Technologies Private LimitedAAJCP6431C Director - Neetu Jiwarajka Any other transactionPlease Mention Here =>Expenses/Payment on their behalf 0.33 - 0.33 - -

11 Salora International Limited AAACS3041G Neetu Jiwarajka AEDPJ6048L Executive Director Any other transactionPlease Mention Here =>Loan Taken 15.00 - 15.00 -94.00 -

12 Salora International Limited AAACS3041G Neetu Jiwarajka AEDPJ6048L Executive Director Any other transactionPlease Mention Here =>Loan Repaid 109.00 - 109.00 - -

13 Salora International Limited AAACS3041G Neetu Jiwarajka AEDPJ6048L Executive Director Interest paid - 0.89 - 0.89 -9.51 -5.44

14 Salora International Limited AAACS3041G Neetu Jiwarajka AEDPJ6048L Executive Director Remuneration - - - - - -

15 Salora International Limited AAACS3041G Tarun Jiwarajka AFJPJ9441G Whole Time Director & CFO Remuneration - 2.85 - 2.85 -1.34 -

16 Salora International Limited AAACS3041G Gopal Sitaram Jiwarajka AABPJ7375A Managing Director Remuneration - 21.51 - 21.51 -1.62 -2.06

17 Salora International Limited AAACS3041G Gopal Sitaram Jiwarajka AABPJ7375A Managing Director Any other transactionPlease Mention Here =>Loan Taken 11,235.25 - 11,235.25 -1,227.53 -1,109.66

18 Salora International Limited AAACS3041G Gopal Sitaram Jiwarajka AABPJ7375A Managing Director Any other transactionPlease Mention Here =>Loan Repaid 11,353.12 - 11,353.12 - -

19 Salora International Limited #REF! Gopal Sitaram Jiwarajka AABPJ7375A Managing Director Interest paid - 31.61 - 31.61 -79.89 -13.82

20 Salora International Limited AAACS3041G Ayush Jiwarajka AFJPJ9442F Director Remuneration - 10.51 - 10.51 - -2.78

21 Salora International Limited AAACS3041G Ayush Jiwarajka AFJPJ9442F Son of Shri Gopal Sitaram Jiwarajka Remuneration - 1.11 - 1.11 -0.87

22 Salora International Limited AAACS3041G Jyoti Pal DFMPP6581M Company Secretary Remuneration - - - - -0.34 -

23 Salora International Limited AAACS3041G Raman Rastogi BNJPR5062C Company Secretary Remuneration - 0.85 - 0.85 -0.23 -

24 Salora International Limited AAACS3041G Karna Singh Mehta AAYPM5611P Independent Director Any other transactionPlease Mention Here =>Sitting Fee - - - - -

25 Salora International Limited AAACS3041G Paramartha Saikia ABZPS9997A Independent Director Any other transactionPlease Mention Here =>Sitting Fee 0.40 0.40 -5.98 -1.72

26 Salora International Limited AAACS3041G Sanjeev Kaul Duggal AAJPD3644E Independent Director Any other transactionPlease Mention Here =>Sitting Fee - - - - -

27 Salora International Limited AAACS3041G Mrs. Rachna Lodha AFXPA0085P Independent Director Any other transactionPlease Mention Here => Sitting Fee 0.30 0.30

#REF! Any other transaction Please Mention Here => - - - - -

- - #REF! #N/A - - - - -

DETAILS OF RELATED PARTY TRANSACTIONS FROM 01.10.2024 to 31.03.2025

Remarkson approval

by audit committee

Value of transaction during

the reporting period

In case monies are due to either party as a result of the transaction

Details of other related party transaction(Any other transaction)Sr No.

Details of the party (listed entity /subsidiary) entering into the transaction

Type of related party transaction

Value of the related party

transaction as approved by the

audit committee(Rupees in lacs)

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Place: DelhiDate: 26.05.2025

Other reimbursement paid and Amount Paid onbehalfofrelatedparties:Itis«-"~rlthat :ht' r('m".ny has",arl~various payments with respectto CST,TDSand otherstaturorydue. nr otherpelty amount onhf'h~lr of R.:lillf!d

parties whichare to be recoveredlaterus,

Further,Itis certifiedthatthe above rransactlonshave beenmade intheOrdinaryCourseofCompany'sbusInessand onAnn'sLength Price asperrepresentanonydisclosures given fromthe Management of the Company,enquiry

madeunderauditing ofthose transactions and after perusing the recordsmaintained, for above rransacuons;

Sale,Purchase or supplyof Coods: Allthe rransacttons were madeat thepriceequivalent orsimilar to tit" prices ofthe products soldtounrelatedparties inthe same periodbeing reviewed,exceptwithminordifferencesdepending

UpODthequantity, which can be arrived lhroughproperformulation.

S.Nameof theAnoel.froPili"),IIl11lng/r"ll~.l\d~r<ssNature ofI1'.,,",0\"'.(R.,-)No.Trl nuction,

1o.,iUiccaonicsI"tLId D-IJ/4. Okhl.Ind.Area.Ph sse-n,NewRcnllncome!I.IIE.UODeihl-I 10020

I"nlshed

I

PurchAseof~.30S.~1,627Ooods

2PIT]Technologies Pvc Ltd8C16WEAAbdulMitRoad .2Floor, KarolExpenses!PDYnlent on

I

33.471Ba'" New Delhi·II0005 INtheirbehalf

Sate ofAni.hed Coods9~O--_...-

Wehave examinedthe BooksofAccoUllt.sofMIs.Solor. Internallonal Limitedhaving11.$registeredolneeat0-13/'1,Okhl.IndustrialArea,I'hase·II,'Ne\\lOellll·110020.relatingtotransacuonswithrei. tedparties. asdefinedunder

section 2(76) of theCompanlesAct.201). durlnllihe period of1"lIprll. 2024 to31"March.2025.Theparticular ofthosetrans;octionsare as peraccountlna

standardIntiliS24RelatedParty Disclosures.

CIi~TIFICATIi

MIsSalornlnlemntionalLtd.

0·13/4OkhlaIndustrtnlArea.Phose-IINewDeihl-110020

11609·610Roo", Tower.LnxmiNos.rDi.lTlctCentre.

LnxmiN.gor.Deihl.110092Tol0I 1-424450I5.1\65661)0

EmaiLubsandc:o@gmail.eom

UBS&Company

Chorl~rt"dAccountants

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