Annual Report

CROISSANCE LIMITED To, Date: 08.09.2026 BSE Limited P. J. Towers, Dalal Street Mumbai-400001 Dear Sir / Madam, Sub: 32nd Annual Report. Ref: Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Unit: Croissance Limited (Scrip Code: 531909) With reference to the subject cited, please find the enclosed 32nd Annual Report of the Company pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as sent to the Shareholders for the ensuing 32nd Annual General Meeting of the Company which is scheduled to be held on Wednesday, the 30th day of September, 2026 at 01:00 P.M. through Video Conferencing (“VC”) / Other Audio-Visual Means (“OAVM”). This is for the information and records of the Exchange, please. Thanking you. Yours faithfully, For Croissance Limited Sravan Prabhakar Veledandi Managing Director (DIN: 02757599) 306, 1st Floor, 17th Cross, 2nd Block, RT Nagar, Bengaluru 560032, Karnataka Ph: +91 80 23330019 W: www.croissance-group.com E: support@croissance-group.com CIN No: L11019KA1994PLC103470 CROISSANCE LIMITED ANNUAL REPORT 2025-2026 CORPORATE INFORMATION BOARD OF DIRECTORS 1. Mr. Sravan Prabhakar Veledandi : Managing Director (DIN: 02757599) 2. Mr. Hemant Bahri : Director (DIN: 00473844) 3. Mr. Hriday Bahri : Non-Executive Director (DIN: 07731577) 4. Ms. Sowmya Ranganath : Independent Director (DIN: 09072511) 5. Mr. Amaresh Rao Gaikwad : Whole-time Director (DIN: 06824486) 6. Ms. Shivani Marda : Independent Director (DIN: 10801046) CHIEF FINANCIAL OFFICER : Mr. Amaresh Rao Gaikwad REGISTERED OFFICE 306, 1st Floor, 17th Cross, 2nd Block, R T Nagar, Bengaluru-560032, Karnataka STATUTORY AUDITORS M/s. YCRJ & Associates, Chartered Accountants, Bengaluru INTERNAL AUDITOR M/s. Ravi & Co., Chartered Accountants, Hyderabad SECRETARIAL AUDITOR Ms. P B & Associates, Practicing Company Secretary Kolkata BANKERS HDFC Bank, Bengaluru AUDIT COMMITTEE: Ms. Shivani Marda : Chairman Mr. Hriday Bahri : Member Ms. Sowmya Ranganath : Member NOMINATION & REMUNERATION COMMITTEE: Ms. Shivani Marda : Chairman Mr. Hriday Bahri : Member Ms. Sowmya Ranganath : Member STAKEHOLDER RELATIONSHIP COMMITTEE: Ms. Shivani Marda : Chairman Mr. Hriday Bahri : Member Ms. Sowmya Ranganath : Member REGISTRAR & SHARE TRANSFER AGENTS Venture Capital and Corporate Investments Private Limited Address: “AURUM”, 4th & 5th Floors, Plot No.57, Jayabheri Enclave Phase – II, Gachibowli, Hyderabad – 500032. Landline: 040-23818475/35164940. Email: info@vccipl.com, Website: www.vccipl.com CORPORATE IDENTITY NUMBER : L11010KA1994PLC103470 LISTED AT : BSE Limited ISIN : INE587J01027 WEBSITE : www.croissance-group.com E-MAIL ID : support@croissance-group.com NOTICE NOTICE IS HEREBY GIVEN THAT THE 32ND ANNUAL GENERAL MEETING OF MEMBERS OF CROISSANCE LIMITED WILL BE HELD ON WEDNESDAY, THE 30TH DAY OF SEPTEMBER, 2026 AT 01:00 P.M. THROUGH VIDEO CONFERENCING TO TRANSACT THE FOLLOWING BUSINESS: ORDINARY BUSINESS: 1. To receive, consider and adopt the Standalone and Consolidated Audited Balance Sheets as at March 31st 2026, the Statement of Profit and Loss and Cash Flow Statement for the Financial Year ended on that date together with the Notes attached thereto, along with the Report of Auditors and Directors thereon. 2. To appoint a Director in place of Mr. Hemant Bahri (DIN: 00473844) who retires by rotation and being eligible, offers himself for re -appointment. 3. Approval of appointment of Statutory Auditors to fill the Casual Vacancy and further to appoint as of Statutory Auditors for a term of five years: To consider and if thought fit, to pass with or without modification(s), the following Resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Section 139(8) and other applicable provisions, if any, of the Companies Act, 2013 (“Act”) and the rules made thereunder, as amended from time to time, and based on the recommendation of the Audit Committee and approval of the Board of Directors of the Company, consent of members of the Company be and is hereby accorded for appointing to M/s. M G S Reddy & Co., Chartered Accountants, [Firm Registration No. 020794S], as Statutory Auditors of the Company to fill the casual vacancy caused by the resignation of M/s. YCRJ & Associates, Chartered Accountants, to hold office up to the conclusion of this Annual General Meeting. RESOLVED FURTHER THAT pursuant to the provisions of Sections 139, 142 and other applicable provisions, if any, of the Companies Act, 2013 (“Act”), read with the Companies (Audit and Auditors) Rules, 2014, and other applicable rules made thereunder, as amended from time to time, and based on the recommendation of the Audit Committee and the Board of Directors of the Company, consent of the members of the Company be and is hereby accorded for appointment of M/s. M G S Reddy & Co., Chartered Accountants, [Firm Registration No. 020794S], as the Statutory Auditors of the Company, to hold office for a term of five consecutive years, from the conclusion of this 32nd Annual General Meeting until the conclusion of the 37th Annual General Meeting of the Company to be held in the year 2031, at such remuneration plus applicable taxes and reimbursement of out-of-pocket expenses as may be determined by the Board of Directors in consultation with the Statutory Auditors. SPECIAL BUSINESS: 4. Conversion of Loan into Equity Shares: To consider and if thought fit, to pass with or without modification(s), the following Resolution as a Special Resolution: “RESOLVED THAT pursuant to the provisions of Sections 42, 62(1)(c), 62(3), 179 and other applicable provisions, if any, of the Companies Act, 2013 (“Act”), read with the Companies (Share Capital and Debentures) Rules, 2014, the Companies (Prospectus and Allotment of Securities) Rules, 2014 and other rules made thereunder, and the applicable provisions of the Securities and Exchange Board of India Act, 1992, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”), the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), special resolution passed at 31st Annual General Meeting held on 30th September, 2025 and subject to such approvals, consents, permissions and sanctions as may be necessary from the Securities and Exchange Board of India (“SEBI”), the stock exchange(s), Ministry of Corporate Affairs, Registrar of Companies and/or any other statutory, regulatory or other authority, as may be applicable, and subject to such terms and conditions as may be prescribed by any of them while granting such approvals, consent of the Members of the Company be and is hereby accorded for conversion of the outstanding loan availed or to be availed in future by the Company from any person including but not limited to any company, individual, body corporate, banks, related parties, financial institutions or any other person (“Lenders”), together with such interest and other amounts as may be agreed between the Company and the Lender, into fully paid-up Equity Shares of the Company of face value of Rs. 1 each, at a conversion price of as may be determined in accordance with the applicable provisions of law. RESOLVED FURTHER THAT the conversion of the aforesaid loan into Equity Shares shall be effected on such date and upon such terms and conditions as may be mutually agreed between the Company and the Lender and approved by the Board of Directors of the Company, subject to applicable laws and regulations. RESOLVED FURTHER THAT the Equity Shares to be allotted pursuant to such conversion shall rank pari passu in all respects with the existing Equity Shares of the Company, including with respect to dividend, voting rights and other corporate benefits, from the date of allotment thereof. RESOLVED FURTHER THAT the loan amount so converted into Equity Shares shal [Showing first 8,000 characters — download PDF for full document]