Annual Report for FY 2025-2026

STEP TWO CORPORATION LIMITED “AVANI SIGNATURE” 91A/1, Park Street, Kolkata – 700 016 Ph.No.(033)6628 9111, E-mail : admin@steptwo.in CIN : L65991WB1994PLC066080 Date: 28.08.2026 The Manager Department of Corporate Services BSE Ltd. Dalal Street, Fort Mumbai – 400 001 Sub. :- Annual Report for FY 2025-26 Ref. :- Scrip Code –531509 Dear Sir / Madam, With regards to the captioned subject find enclosed herewith Annual Report for the FY 2025- 2026 of Step Two Corporation Ltd. AGM to be held on 28th September, 2026. Kindly take the same on your records. Thanking you, Yours faithfully, For Step Two Corporation Ltd. Anuj Agarwal Director DIN-02984121 Encl: as above STEP TWO CORPORATION LIMITED (CIN: L65991WB1994PLC066080) THIRTY SECOND ANNUAL REPORT 2025-2026 Registered Office : “AVANI SIGNATURE” 91A/1, Park Street Kolkata - 700 016 STEP TWO CORPORATION LIMITED (CIN: L65991WB1994PLC066080) Directors Anuj Agarwal - M.D. (DIN: 02984121) Laxmi Kant Jajodia - Non- Executive Independent Director (DIN: 00570216) Anup Chattopadhyay - Non-Executive Independent Director (DIN: 10042485) Poonam Bathwal - Company Secretary & Compliance Officer Jaswinder Singh (CFO) Bankers HDFC Bank Ltd. Punjab & Sindh Bank ICICI Bank Ltd. Auditors M.K. Kothari & Associates Chartered Accountants 7, Ram Kumar Rakshit Lane, Kolkata 700007 Registrars & Share Transfer Agents Niche Technologies Pvt. Ltd. 3A, Auckland Place, 7th Floor Room No. 7A and 7B Kolkata - 700 017 Ph No.: (033) 2280-6616/6617 e-mail: nichetechpl@nichetechpl.com Registered Office “AVANI SIGNATURE” 91A/1, Park Street Kolkata - 700 016 Ph No.: (033) 6628-9111 e-mail: admin@steptwo.in STEP TWO CORPORATION LIMITED (CIN: L65991WB1994PLC066080) DIRECTORS' REPORT Your Directors have pleasure in presenting the Thirty Second Annual report on the business and operations of the Company together with Audited statements of accounts for the year ended 31st March, 2026. FINANCIAL HIGHLIGHTS The summarised financial results of the Company are given here under: Current Previous Year Year (Rs.’00) (Rs.’00) Profit before Interest, Depreciation & taxes (2,24,038) (2,294) Less: Finance Charges 943 5,282 Profit / (Loss) before Depreciation & Taxes (2,24,981) (7,576) Less: Depreciation 1,598 212 Profit/(Loss) Before Provision & Taxes (2,26,579) (7,788) Exceptional Items (25,022) 0 Current Tax — (11,420) Add/(Less): Deferred Tax (60,846) (16,815) Income Tax for the previous year 1,055 0 Profit/(Loss) after Tax (1,91,810) (2,393) Transfer to Reserve Fund 0 0 Less: Excess Provision written back Balance brought forward from last year 60,062 62,454 Balance Carried to Balance Sheet (1,31,748) 60,062 COMPANY PERFORMANCE AND REVIEW OF BUSINESS OPERATIONS During the year, the revenue from operations of your Company increased by 94% over the previous year. The Company has recorded a loss of Rs. 191 lacs for the financial year ended 31st March, 2026. Your Directors are striving for increase in revenue of the Company and thereby increasing profitability. DIVIDEND With a view to conserving resources and building up reserves, your Directors do not recommend payment of Dividend for the year. STEP TWO CORPORATION LIMITED (CIN: L65991WB1994PLC066080) STATE OF COMPANY AFFAIRS Your directors are hopeful that the performance of the Company will improve in the coming year. MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY There are no material changes or commitments affecting the financial position of the Company which have occurred between the end of the financial year 2025-26 and the date of this report. FUTURE OUTLOOK The general business conditions affecting business are expected to remain stable and company is expected to perform well. DEPOSITS The Company has not invited or accepted deposits from the public covered under Section 73 of the Companies Act, 2013 and The Companies (Acceptance of Deposits) Rules, 2014. TRANSFER TO RESERVES No amount has been transferred to the Reserve Fund. SHARE CAPITAL As on 31st March, 2026, the Company's paid-up Equity Share Capital was Rs. 7,74,43,600/- comprising of 7,39,48,000 Equity Shares of Face Value of Rs. 10/- each and Rs. 34,95,600/- received on account of 8,04,800 forfeited shares. There was a preferential allotment of 31,47,500 equity shares of FV Rs.10/- at a premium of Rs.5/- per equity share, during the Financial Year ended 31st March, 2026. During the Financial Year 2025-2026, your Company has neither issued any convertible securities nor has granted any stock options or sweat equity. The Authorised Share Capital of the Company comprises 78,50,000 equity shares of Rs.10/- each amounting to Rs.7,85,00,000/-, as on 31st March, 2026. CHANGE IN NATURE OF BUSINESS, IF ANY There has not been any change in the nature of business of the Company during the FY ended 31st March, 2026. MEETINGS OF BOARD OF DIRECTORS During the financial year ended 31st March, 2026, 6 Board Meetings were held on 09th April, 2025, 27th May, 2025,12th August, 2025, 22nd August,2025, 13th November, 2025,and 06th February,2026 . The intervening gap between the Meetings was within the period prescribed under the Companies Act, 2013. STEP TWO CORPORATION LIMITED (CIN: L65991WB1994PLC066080) Attendance of directors at the Board Meetings [Whether attended (Yes/No)]: Board Mr. Anuj Mr. Laxmikant Mr. Anup Ms. Poonam Meeting Agarwal Jajodia Chattopadhyay Bathwal Date (DIN-02984121) (DIN-00570216) (DIN-10042485) (DIN-10045592) 09th April, Yes Yes Yes Yes 2025 27th May, Yes Yes Yes Yes 2025 12th August, Yes Yes Yes Yes 2025 22th August, Yes Yes Yes Yes 2025 13th November, Yes Yes Yes Yes 2025 06th February, Yes Yes Yes Yes 2026 TOTAL 6 6 6 6 INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY The Company has an Internal Control System, which has been designed to provide a reasonable assurance with regard to maintaining of proper accounting controls, monitoring of operations, protecting assets from unauthorized use or losses, compliance with regulations and for ensuring reliability of financial reporting. STATUTORY AUDITORS At the Annual General meeting held in 2023, the members had appointed M/s. M.K. Kothari & Associates, Chartered Accountants (Firm Reg. No. 0323929E) as the statutory auditors of the Company for a period of 3 years upto March 31, 2026 and therefore they continue to hold office. Pursuant to Section 141 of the Companies Act, 2013 read with the Companies (Audit and Auditors) Rules, 2014, M/s. M.K. Kothari & Associates have represented that they are not disqualified and continue to be eligible to act as the Auditor of the Company. M/s. M.K. Kothari & Associates have also confirmed that they have been subjected to the peer review process of the Institute of Chartered Accountants of India (ICAI) and holds a valid certificate issued by the Peer Review Board of ICAI as required under Regulation 33(1)(d) of the Listing Regulations. M/s. M.K.Kothari & Associates is recommended to be re-appointed for a further period of 3 years at the ensuing Annual General Meeting. STATUTORY AUDITORS' REPORT There has been no qualification, reservation, adverse remark or disclaimer given by the Statutory Auditor in their Report for the year under review. STEP TWO CORPORATION LIMITED (CIN: L65991WB1994PLC066080) The Notes on Financial Statements referred to in the Auditors' Report are self-explanatory and do not call for any further comments. REPORTING OF FRAUDS BY AUDITORS In terms of Section 143(12) of the Companies Act, 2013, the Auditors have not reported any instances of frauds committed in the Company by its Officers or Employees during the year under review. DIRECTORS AND KMP Mr. Anuj Agarwal, Director of the Company, retires by rotation and being eligible offers himself for re-appointment.The Board recommends his reappontment at the ensuing Annual General Meeting. Ms. Poonam Bathwal is also the whole-time Company Secretary and Compliance Officer of the Company. Mr. Jaswinder Singh is the Chief Financial Officer (CFO) of the [Showing first 8,000 characters — download PDF for full document]