Standalone o Value of sales and services was Rs. 3135.03 crore o Exports for the year was Rs. 32.45 crore o EBITDA for the year was Rs. 117.59 crore o Net Profit/(Loss) for the year was at Rs. 2761.11 crore Consolidated o Value of sales and services was Rs. 3102.85 crore o EBITDA for the year was Rs. 136.29 crore o Net Profit for the year was at Rs. 2776.50 crore Sintex is a reputed name in the textile industry in India. The Company is engaged into the cotton and 100% wet linen yarn manufacturing. It produces premium quality compact and specialized blended yarns. The high-quality yarn has been widely accepted by weavers, knitters, composite textile mills and large buying houses who are working for brands in India and in across the globe. The Company has discontinued the manufacturing operations of structured fabrics (except bleaching facility) at Kalol effective from 1st July, 2019 on account of high cost of operations.

A) CONSERVATION OF ENERGY - 1) The step taken for conservation of energy In light of the global warming, which eventually may lead to scarcity of energy resources, the company has been focusing on efficient energy conservation practices as one of the key component of its responsible energy strategy. The company has taken several steps to save energy. The list is as follows: "Overhead travelling cleaner (OHTC) operating time optimized in ring frames, automatic winding machines (Link Cones) and speed frames. In Ring frames, OHTC parking length increased in one unit "In the Ring frames, optimization of suction by VFD and OHTC common dust collection fans removed. Suessen compact technology's suction frequency optimized on ring frames "In the automatic cone, winding machines' (Link Coner) suction frequency optimized and OHTC common dust collection fans removed. " In the RF Dryer, idle time power optimized by stopping Triod Module in auto mode. " In the humidification plants upgradation of LUWA DIGI - 5 program carried out. Comber WCS fan speeds optimized and machine's suction pressure optimized. " In the common utility section, addition of cooling tower in compressor system, replacement of conventional lighting to LED fixtures in switchyard, ceiling fans replacement with energy efficient BLDC fans and in the three units, carding section WCS, VFD have installed. 2) The steps taken by the company for utilizing alternate source of energy : Not applicable 3) The capital investment on energy conservation equipment : NIL

B) TECHNOLOGY ADVANCEMENT - 1) Major efforts made towards technology advancement The company has taken steps for ease of manufacturing operations in its linen yarn manufacturing plant. For this, two boilers installed each of 5 tons capacity, initiated ETP capacity 6,000 KL and Bleaching plant capacity of 11.2 Tons shifted from Kalol to factory site. 2) The benefits derived from product improvement, product development and import substitution The company has been continuously focusing on its product improvement and development. " The company has consistently maintained and improved its product quality grades. " Quality control and marketing team participated in various exhibitions in international and domestic markets to understand the market trends and connect to end customers. " Accordingly, in the product development, the company has introduced new products in the domestic and international markets. The company had focused on new fibres. The yarns such as 100% Polyester, 100% Bamboo, Polyester / Viscose and several blends of Linen, Bamboo with cellulosic and synthetic fibres have manufactured. " Hence, the company could sale new products as per market requirement. Yarn supply, lifting of its yarn remained consistent in the volatile market situation 3) Information regarding acquisition of imported technology during the last year a) The details of technology imported: Not applicable b) The year of import: Not Applicable c) whether the technology has been fully absorbed: Not applicable d) If not fully absorbed, areas where absorption has not taken place, and the reasons there of: Not applicable 4) Expenditure incurred on Research and Development The company has not incurred an expenditure towards Research and Development, as it was under Corporate Insolvency Resolution Process in accordance with the provisions of the Insolvency and Bankruptcy Code, 2016.

(Amount in Crores) Description 2022-23 2021-22 Foreign Exchange Earned in terms of Actual Inflows 32.45 20.11 Foreign Exchange Used in terms of Actual outflows 354.11 19.43

To the best of the knowledge and belief and according to the information and explanations obtained by the erstwhile management/Interim resolution Professional, the reconstituted Board make the following statements in terms of Section 134(3)(c) of the Companies Act, 2013 that: a) in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures; b) such accounting policies selected 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 and loss of the company for that period; c) proper and sufficient care had taken for the maintenance of adequate accounting records in accordance with the provisions of Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; d) the annual accounts had been prepared on a going concern basis; e) internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively; f) the systems to ensure compliance with the provisions of all applicable laws were in place and that such systems were adequate and operating effectively. Since the Company was under CIR Process, the management of the affairs of the Company was vested with Interim Resolution Professional. Accordingly, the above mentioned duties and responsibility of Directors performed by Interim Resolution Professional of the Company till the Reconstituted Board was constituted in terms of the Approved Resolution Plan.