<dhhead>DIRECTORS’ REPORT </dhhead>

To

The Shareholders

Your directors are pleased to present their report on the business and operations of the Company and the statement of accounts for the financial year ended on 31^st March 2025.

(Rs. in crores)

As per the OM dated 18.11.2024 in respect of revised Guidelines on Capital Restructuring of Central Public Sector Enterprises (CPSEs) issued by Department of Investment and Public Asset Management (DIPAM) the minimum dividend to be paid for the year should be at least 4% of net worth or 30% of profit after tax, whichever is higher.

Taking into consideration the above, Company’s dividend distribution policy and other factors for the year 2024-25, the Board recommended a final dividend of 40% (Rs.2.00/- per equity share of Rs.5/- each) on the paid-up share capital of Rs.304.65 crores which is in addition to three (03) Interim Dividends totalling to 190% (Rs.9.50/- per equity share of Rs.5/- each) already paid during the year. The total dividend (interim plus final) for the year 2024-25 will be Rs.700.69 crores as compared to Rs.700.69 crores for the FY 2023-24. The dividend paid/proposed for the year 2024-25 works out to 5.67% of net worth as on 31.03.2025 and 55.09% of profit after tax of the Company for the year.

The operating turnover of your Company registered an increase of 2.67% during the year under review from Rs.8,632.49 crores in the previous year to Rs.8,863.37 crores in the current year, which is the highest ever turnover achieved in any financial year. Total expenditure increased by 3.09% from Rs.7,369.14 crores in 2023-24 to Rs.7,597.15 crores in 2024-25. The profit before tax for current year works out to Rs.1,698.06 crores, which is an increase of 3.90% over 2023-24. After making provisions for income tax, tax adjustments, the highest ever profit after tax for the year stands at Rs.1,271.98 crores, which is 3.35% higher than last year.

The throughput of your company reflects a healthy growth of 7.94% during the year 2024-25. The segment-wise comparison of same is as under:

As can be seen, the company has registered a growth of 6.78% in EXIM throughput and 11.90% in Domestic throughput during the year 2024-25. In terms of tonnage carried by rail, the company carried a total tonnage of 49.62 million tons in current fiscal as against 49.11 million tons in previous fiscal (2023-24), with a marginal increase of 1.04%. The throughput and tonnage achieved by the Company were highest ever in any financial year.

In order to address & strengthen the weakest link of transportation, the concept of providing First Mile & Last Mile (FMLM) connectivity to the customers has been envisaged. FMLM services covers both transportation of containers by road as well as transportation of bulk/break bulk cargo in trucks/vehicles to cater the needs of customers for 1^st mile/ last mile connectivity. Urgent requirements of customers can also be met out by conducting e-auction on CONCOR’s own platform at a short notice. The movement of containers under FMLM grew by 17.49% from 6,66,758 TEUs last year to 7,83,404 TEUs in the current year. Some of the initiatives taken in this respect are:

Movement under FMLM Arrangement has started at the majority of terminals cover in all the four Areas of CONCOR.

Bulk/break bulk cargo in trucks/ vehicles is also being carried out to cater the needs of customers under FMLM arrangement.

Bangladesh movement is done at Shalimar terminal.

ICE battery movement has started from Baddi to Delhi and TNPM to Andaman. This is a temperature controlled road transportation services by passive cooling technology through ICE BATTERY, which help in reduction in CO2 emission. CONCOR has 13 such containers and 02 vehicles for ICE Battery movements.

To provide greener road transport solutions, LNG Truck movement started at TAPG, CMLK & TKD apart from PCPK, CGMV & TNPM. Presently, 130 LNG Trucks are already in operations and procurement of 100 more such vehicles order placed on 01.01.2025.

LNG trucks have 30% less CO2 emission vis-?-vis Diesel trucks save approx. 0.926 kg (926 grams) CO2 emission in one Kg of fuel utilisation or 0.31kg (310 grams) per km. CO2 emission saved 1284 MT in FY 2024-25 in comparison to 235 MT in FY 2023-24.

CONCOR is planning to introduce electric vehicle for short lead road transportation and inter terminal transportation and has placed order for 2 nos. of Electric trucks on M/s CESL (Convergence Energy Services Ltd).

To offer end to end services, as a single window solution, to the customers as per their logistics requirements in a cost effective & efficient manner on realtime basis, CONCOR has started providing Business Solution services at its terminals, which include services related to:

Customs clearance of EXIM cargo/containers.

Border clearance of containers/ cargo on Bangladesh/ Nepal bound rakes/vehicles.

Transhipment Permit (TP) processing/ documentation & other related services for transit cargo/ containers (Third country Imports/Exports)

Fumigation, Palletization, Lashing, MetalScan, Photography etc. services as & when required.

Stevedoring Services (Customs clearance & other allied activities of Ammonium Nitrate) at GCCP (Paradip) & Vishakhapatnam. The volumes in BSS segment grew by 169% from 32,592 TEUs last year to 87,601 TEUs in current year.

CAPITAL STRUCTURE:

The authorised and paid-up share capital of the Company at the end of the current year was Rs.400.00 crore and Rs.304.65 crore respectively in which there was no change during the year. Also, there was no change in the shareholding of Government of India in the Company during the year 2024-25. As on 31.03.2025, the Government of India Shareholding in the Company was 54.80% and balance 45.20% shares were held by FPIs, Institutions, Mutual Funds, Banks, Body Corporates, Individuals, etc.

The Board of Directors of the Company in its meeting held on 22.05.2025 has recommended issuance of bonus equity shares in the ratio of 1:4 (one bonus share for every four shares held) to the equity shareholders of the Company. After the recommendation of the Board, approval of shareholders for issuance of bonus shares was taken through postal ballot route, the process for which was completed on 29.06.2025. Post the approval of shareholders, record date of 04.07.2025 was fixed for determining the entitlement of shareholders, who will be entitled for the said bonus shares. The allotment of bonus shares was approved by the Board of Directors in its meeting held on 07.07.2025 and the said shares allotted have been credited to the accounts of respective shareholders. Necessary permission from the Stock Exchanges were obtained for listing of bonus shares and the same were available for trading on the exchanges w.e.f. 08.07.2025. After the allotment of these bonus shares, the paid up share capital of the Company is now Rs.380.81 crores.

The Company has consistent track record of making profit and dividend payment since its inception. Department of Investment & Public Asset Management (DIPAM) had issued Guidelines on Capital Restructuring and the Company is required to comply with these DIPAM guidelines by way of corporate actions like Dividend Payment, Bonus Issue, Share Spilt and Buyback of Shares, depending upon meeting the eligibility criteria from time to time. Further, after the recent bonus issue of shares by the Company, now there is a marginal difference between the authorised and paid-up share capital of the company and there is not much flexibility left to further increase the paid-up share capital, whenever the need arises in future. In view of the above, the Board of Directors of the Company at their meeting held on 05.08.2025 has recommended for increase in Authorised Share Capital of the Company to have float for increasing the paid-up share capital as and when the need arises in future. The Board of Directors have proposed to increase the present Authorised Share Capital of the Company to Rs.600,00,00,000 (Rupees six hundred crores) divided into 120,00,00,000 (One hundred twenty crores) Equity Shares of Rs.5 (Rupees five) each by way of creation of additional 40,00,00,000 (Forty crores) Equity Shares of Rs.5 each, which shall rank pari-passu with existing equity shares of the Company. This is subject to approval of Government of India and the shareholders of the Company.

CONCOR has only one class of security i.e. equity shares listed with the Stock Exchanges in India. CONCOR’s equity shares are listed with the two exchanges i.e. BSE Limited (BSE) and National Stock Exchange of India Limited (NSE). The listing fees of both the stock exchanges have been paid. To facilitate dematerialization of shares by its shareholders, CONCOR has signed agreements with both the Depositories (NSDL & CDSL). As per

SEBI guidelines, CONCOR’s shares have been placed under ‘Compulsory Demat Mode’. Out of 60,92,94,348 equity shares of Rs.5/- each listed on the Stock Exchanges 60,92,93,555 equity shares (99.9999% of the total equity shares) were in demat mode as on 31.03.2025.

Dematerialization of Shares and Liquidity (as on 31 March 2025):

The market capitalization of the Company was Rs.42,139 crores as on 31.03.2025 (as per closing price on last trading day of the year at NSE) and the highest market capitalization during the year was Rs.71,546 crore as per highest price at NSE on 03.06.2024.

MOU PERFORMANCE:

The Memorandum of Undertaking (MoU) was signed every year between your Company and its administrative ministry i.e., Ministry of Railways (MOR) to assess and enhance performance of Company through the targets set therein. The MoU for FY 2024-25 was signed between MOR, Government of India and CONCOR in which targets to be achieved during the year were fixed.

The evaluation of MoU of your Company for FY 2024-25 is under process. Evaluation of MoU performance for FY 2023-24 was completed by DPE and CONCOR was awarded ‘Excellent Rating’ with a score of 99 marks, which is the highest rating achieved in any year.

CAPITAL EXPENDITURE:

Capital Expenditure of Rs.810.26 crores approx. was incurred during the year mainly on development/expansion of terminals, acquisition of wagons, handling equipment and IT Infrastructure, etc.

TERMINAL NETWORK EXPANSION AND STRATEGIC ALLIANCES:

The company has 66 terminals in total as on 31.03.2025, of which 04 are pure EXIM terminals, 34 are combined Container terminals, 24 are pure Domestic Terminals and 4 are strategic Tie ups at various location.

While the existing Joint Ventures continued to perform to their full potential contributing to the growth of the core business of CONCOR, following new strategic alliances were also made during the year:

CONCOR & TERI signed an MoU on 07.03.2025 to establish the CONCOR TERI Centre of Excellence for Green and Sustainable Logistics: This initiative aims to promote green freight transportation, sustainable warehousing and innovative logistics solutions. This collaboration focuses on research in sustainable rail transportation, green terminal operations, infrastructure development, and innovative warehousing & storage management solutions.

CONCOR and Gati Shakti Vishwavidyalaya formalized a strategic partnership by signing an Memorandum of Understanding (MoU) on 26.12.2024 to explore innovative Logistics Solutions based on the Academic Research of GSV to enhance the Logistics efficiency. The collaboration seeks to maximize supply chain management, improve customer service and promote industry growth by utilizing ‘Academic Strengths’ of GSV.

CONCOR and The Indian Institute of Technology (IIT) Roorkee entered into a strategic partnership by signing a Memorandum of Understanding (MoU) on 16.08.2024 to drive research and development in logistics and supply chain management. This collaboration seeks to promote research, innovation, and capacity-building efforts, with a focus on developing Advanced Optimization Models to improve the efficiency of containerized freight movement across India's vast railway network, particularly within the Western Dedicated Freight

Corridor (WDFC). This is a step by CONCOR towards adopting Tech based innovative solution for enhancing customer experience, in line with Govt of India’s vision to reduce logistics costs and improve competitiveness in the international market.

CONCOR and Shipping Corporation of India (SCI) has signed a Memorandum of Understanding (MOU) on 03.06.2024. The vision is to offer seamless and cost effective end-to-end logistics services to customers under a single window. Both the organizations will together explore business opportunities by leveraging mutual infrastructure and experience for creating synergy. This MoU will enable us to utilise SCI's shipping services to develop CONCOR's Footprint at overseas locations and also to foray in the field of Coastal & Inland Waterways trade to offer a wide range of customisable logistics solution for the benefit of trade at large.

CONCOR and PSA MESA Supply Chain Pte. Ltd. (PSA MESA) signed an MoU on 18.04.2024 to collaborate in offering seamless and cost-effective end-to-end logistics service to customers. This strategic partnership aims to leverage the strengths of both organisations’ respective infrastructure and experience to enhance the "Ease of Doing Business". The MoU also underscores CONCOR’s and PSA’s commitment to contribute to more sustainable, efficient and resilient supply chains, in support of India’s national logistics transformation.

CONCOR had inked an MoU with M/s ITE Japan in the year 2019 for two years for use of Ice Battery Technology in India. Since this MoU contained provision for further extension as per mutual Agreement the same has been extended in various spells and the last extension was valid till 31.3.2025. CONCOR have carried out more than 20 movements to serve Agriculture and Pharmaceutical Industry using Ice Battery Containers and Road Vehicles over a period of around 06 years. To strengthen these collaborative efforts, the extension of MoU with M/s ITE Japan has been done for a period from 01.04.2025 to 30.11.2026 on existing Terms & Conditions with mutual Agreements.

HIGH SPEED WAGONS, CONTAINERS AND HANDLING EQUIPMENTS:

In order to strengthen the loadability and improve the service level, CONCOR modified 11,070 Bogie Low Container (BLC) wagons into Bogie Low Container Modified (BLCM) wagons by increasing axle load capacity from 20.3T to 22T.

As on 31^st March 2025, CONCOR is having 11,070 BLCM Wagons, 855 nos. BLC wagon, 760 nos. BFKHN wagon, 1402 nos. BLL wagon, 2300 nos. BLCS and 336 nos. BLSS wagons with 25 Ton axle load high speed wagons including 282 nos. BVZI (brake Van). Further, 480 numbers of BLCM wagons have been taken on Lease for the period of 10 years since 2018-19. Therefore, total holding is 17,203 nos. wagons (BLSS+ BLCS+ BLC+ BLCM+ BLCM/ Leased+ BLL+ BFKHN) and 282 nos. BVZI as on 31.03.2025.

As on 31.03.2025, CONCOR had placed the order for 21,120 nos. of containers on Indigenous container manufacturers under make in India policy i.e. "Atmanirbhar Bharat". Out of 21,120 containers, 17,155 containers have been supplied by these Indigenous container suppliers. During the FY 2024-25, the total number of containers delivered were 8,862. Total inventory of containers as on 31.03.2025 was 53,211 containers.

CONCOR is having owned 107 RSTs, 05 RTG’s and 29 Nos. ForkLifts. Apart from this, CONCOR was also having 24 nos. shunting Loco and 45 nos. of different capacity of Reefer Power Packs (i.e. 22 Container Capacity 30 Nos., 24 Container Capacity 4 Nos. and 44 Container Capacity 11Nos.) to feed power supply to refrigerated containers while transporting to ports.

Your Company continued to make progress in the field of Information Technology. The VSAT based hybrid network has been upgraded with MPLS cloud. The Terminal Management System for Domestic -DTMS, for EXIM -ETMS, ERP for Oracle Financial, HR Payroll, Container Repair System, Operation system was implemented for the expanded network of terminals and a Data Warehouse Module for commercial applications on centralized architecture is running smoothly across field locations/Regional Offices and Corporate Office.

The web enabled Customer interface through a dedicated Web Server is running successfully providing facilities to the customers. The customer feedback facility system as implemented on the website and on mobile app enables us to constantly evaluate our performance and take corrective action on customer complaints and feedback.

Public Grievance lodging and monitoring system has been deployed on CONCOR’s website for Grievance

Redressal system. The objective of the system is to reduce time in addressing Grievance, to increase transparency and round the clock access for lodging and monitoring grievance.

The Electronic-filing of documents on the Commercial System initially provided at ICD/Tughlakabad has been extended to all EXIM terminals which enables the customers to file their documents electronically from their own offices and making on-line payment (NEFT/RTGS) has been enabled. As part of business continuity plan, CONCOR has established Disaster Recovery (DR) Site and standby system at primary site for its commercial business critical applications. CONCOR has been certified ISO/IEC-27001:2022 certification from STQC IT Certification Services (Ministry of Communication & Information Technology) for establishing an Information Security Management System (ISMS).

As an extension of existing HRMS, employee portal has been developed. This system facilitates employees to access information regarding salary/ reimbursements, leave balances, PF statement, view and submit their APAR online, submission of Annual Property Return online, Pension details etc. and employee has option of viewing the information on screen and the printout of the same can also be taken for the record. As enhancement of HRMS submission of bills by the superannuated employees under PRMS (post-retirement medical services) also been made online.

The e-tender system with e-payment facility for sale and EMD electronically, MSE exemptions has also been introduced. CONCOR has implemented reverse auction, e-tender cum forward auction. E-Reverse Auction platform (e-Logistics App) for transporter for FMLM rates (local transportation rates). No need for long term contract/ helps obtaining competitive rates.

CONCOR has launched its FMLM (First Mile Last Mile) mobile app to EXIM customers to facilitate end to end solutions. The customer can directly opt for this road transportation services facility. Launched e-forwarding note facility at ICD/Tughlakabad as pilot project and the same will be extended to all EXIM terminals which enable the Shipping lines to file forwarding notes electronically from their own offices and online payment mode of NEFT/RTGS has been enabled.

CONCOR has launched Business Solutions to provide single window facility to its customers and has redeveloped (re-designed) its website.

The e-Samarth application for Online Vigilance Clearances to handle bulk NOC request creation & approval and workflow driven system has been evolved. This has increased transparency and drastically reduced the total time of according NOC for various purposes. Similarly, e-Voting was successfully done for CONCOR shareholders. File tracking system was implemented at Corporate office of CONCOR.

The Company has introduced AI/ML based Container Terminal Management System (CTMS) at ICD/ Tughlakabad. It is first known project to automate KYCL capture on a 3D basis.

Digital transformation initiatives and ease of doing business CONCOR introduced online registration of customer & PDA (Pre-Deposit Account). Further for hassle free process of bills introduced real time integration of GeM with CONCOR e-MB system. CONCOR developing rake management system for monitoring and optimum utilization of rakes. GPS based trailer monitoring systems has been introduced to ensure timely delivery to the satisfaction of customer. The Company has launched mobile app for Exim e-filing (covering reports & queries) for its stakeholders.

Various system improvements have been adopted like dispense submission of e-tender document with an undertaking. Make available all circulars and guidelines of various departments to all employees on intranet with name Compendium.concorindia.com. Introduced auto refund of EMD on e-tendering system.

The Company has implemented:

(i) e-office replacing the physical files with electronic files as a step towards office automation and paper less working. Aadhar linked e-Signing facility for digitally signing of e-office files implemented; (ii) App based GMS (Grievance Management System) implemented both for employees and customer; (iii) Online Bill payment system (e-MB) implemented for payment to all contractors; (iv) Auto Mail & auto SMS will be sent with payment details to respective contractor on registered mail and mobile number; (v) Integration of commercial applications with Oracle Financials ERP. Developed dash board to glance the performance and various reports of CONCOR; (vi) e-contractor billing for online submission of invoices by contractors through their digital signature only processed till payment; (vii) KYCL for online track and trace of container for its customers through mobile app, chatbot etc. (viii) Bill tracking system to its vendors through website; (ix) Insider trading policy through system; and (x) Aadhar linked e-Signing facility for digitally signing of e-office files.

CONCOR locations as on 31-03-2025 are 50 for ISO 9001:2015 Quality Management System (QMS). Apart from the ISO 9001:2015, Two CONCOR Terminals (i.e. Dadri & Tughlakabad) are Certified for ISO 14001:2015 Environmental Management System (EMS) and ISO 45001:2018 Occupational Health & Safety Management System. CONCOR has been certified ISO/IEC-27001:2022 certification from STQC IT Certification Services (Ministry of Communication & Information Technology) for establishing an Information Security Management System (ISMS).

It is an illustration of the commitment of your Company towards Quality Management System. Quality Policy clearly provides for ensuring complete customer convenience & satisfaction and value for money through continual improvement of system and processes. The Quality Policy has been prominently displayed at all locations of CONCOR. Safety Slogans are displayed at prominent locations at various terminals of CONCOR. ISO Certification is available for most of the units of the Company. Disaster Management System has been hosted on CONCOR website. Further, in its endeavor to maintain high standards of quality, your Company has been taking various steps, which includes conducting periodical Management Review Meetings, wherein various actions were taken with regard to Disaster Management, Safety Norms and Quality Standards.

Your Company continued to place emphasis on providing total logistics and transport solutions to its customers by exploring the possibilities of expanding the presence of the Company in all segments of Logistics value chain in the EXIM as well as Domestic segments. Strategic alliances firmed up, both for optimal utilization of infrastructure as well as expansion into other segments of the value chain for effectively achieving the goals.

Your Company has formed various Subsidiaries/ Joint Ventures Companies for different business areas such as Container Freight Station (M/s Star Track Terminals Pvt. Ltd., M/s Transworld Terminals Dadri Pvt. Ltd., M/s CMA-CGM Logistics Park (Dadri) Pvt. Ltd. and M/s Allcargo Logistics Park Pvt. Ltd.), Port Operations (M/s India Gateway Terminal Pvt. Ltd. and M/s Gateway Terminals India Pvt. Ltd.), End to End Logistics (M/s TCI CONCOR Multimodal Solutions Pvt. Ltd.), Multi Modal Logistics Parks (MMLP) (M/s Punjab Logistics Infrastructure Ltd. and M/s SIDCUL CONCOR Infra Company Ltd.) and Rail connectivity (M/s Angul Sukinda Railway limited).

Brief particulars about the subsidiaries of the Company are as under:

SIDCUL CONCOR Infra Company Ltd. (SCICL), a Joint Venture Company (JVC) with shareholding of 74% and 26% of Container Corporation of India Limited (CONCOR) and State Infrastructure & Industrial Development Corporation of Uttarakhand Ltd. (SIIDCUL) respectively has been doing operations in both the stream i.e. EXIM and Domestic at its Multimodal Logistic Park (MMLP) at Pantnagar, Uttarakhand.

MMLP- Pantnagar is strategically located near national highway No.87. It has wide hinterland covering industrial areas like Pantnagar, Haldwani, Bazpur, Gadarpur, Kichha, Sitarganj, Khatima, Lalkuwa, Bareilly etc. The MMLP provides Rail/Road transportation, Handling and warehousing services to EXIM and Domestic customers. The

MMLP is also providing facility of handling conventional railway wagons like NMG, BCN, BOXN, etc.as it’s a notified PFT. The facility provides Rail connectivity to/from three gateway ports i.e. Mundra & Pipavav in Gujarat and JNPT in Mumbai. And in domestic segment MMLP is providing services on pan India basis in general and particularly to Mumbai/ Dronagiri/ Gandhidham in West, Hyderabad/Chennai and Bangalore in south and Shalimar

(Kolkata) in East. In addition to the above MMLP is also providing "First Mile Last Mile" road transportation services for its customers.

In addition to the transportation service, the MMLP is also providing warehousing facility for domestic and EXIM customers along with facility of Bonded & Transit warehousing. During FY 2024-25, SCICL handled 521 rakes which were 607 rakes in FY 2023-24. The total containers handled at MMLP, Pantnagar for the current period were 35,833 TEUs which was 41,172 TEUs in FY 2023-24 and its revenue from business operations for the FY 2024-25 was Rs.18.58 crores. The company’s net profit after tax is Rs. 4.99 crores in FY 2024-25 which was Rs.5.51 crores in FY 2023-24. During FY 2024-25, it has declared maiden dividend of 1% to its shareholders. The JVC is doing well and is emerging as a major logistics service provider for rail logistics for the rapidly industrializing State of Uttarakhand.

Punjab Logistics Infrastructure Limited (PLIL) is a Joint Venture Company (JVC) of Container Corporation of India Limited (CONCOR) and Punjab State Container and Warehousing Corporation Limited (CONWARE), with equity participation of 51% by CONCOR and 49% by CONWARE. PLIL has been instrumental in strengthening the logistics infrastructure in Punjab, facilitating trade and industry in the State and is positioning it on the international trade map.

During the financial year 2024-25, PLIL achieved turnover of Rs.47 crores as compared to Rs.39.09 crores during the previous financial year 2023-24, which shows an increase of 20.23%. The total expenditure increased by 8.75% from Rs.39.06 crores to Rs.42.48 crores during the financial year 2024-25.

Profit before tax during in FY 2024-25 stood at Rs.4.97 crores as compared to Profit before tax for Rs.0.19 crore during the previous financial year 2023-24, which shows an improvement by 2515%. The profit after tax during the FY 2024-25 stood at Rs.3.65 crores as compared to the Profit after tax for Rs.0.14 crores during the previous FY 2023-24, which shows an improvement by 2507 %.

In March 2025, PLIL has commenced EXIM (Export-Import) operations at its MMLP which is expected to:

Strengthen trade facilitation for industries in Punjab.

Reduce transit time and logistics costs for exporters and importers.

Improve connectivity with major international trade routes.

This will contribute to PLIL's income through handling, transportation, and access charges. PLIL continues to play a crucial role in enhancing logistics infrastructure in Punjab and remains committed to expanding its capabilities to support the growing trade demands of the region.

CONCOR had incorporated Fresh & Healthy Enterprises Ltd. (FHEL) in the year 2006 as its wholly owned subsidiary to create world class cold storage infrastructure in the country, to provide complete cold chain logistics solutions to the various stakeholders in this field.

Due to changed business dynamics with implementation of Goods and Service Tax (GST), customized storage requirements, intense competition with un-organized sector, it had been decided in the year 2018 to re-engineer its facility at Rai, Sonepat (Haryana) in two phases for development as an Agri-logistics Centre with changed business model of leasing/renting out the warehousing space for Cold Storage, Controlled Atmosphere (CA) storage and Custom Bonded Warehousing (CBW) to interested parties.

Under Phase-I of re-engineering Plan, the existing CA (Controlled Atmosphere) facility was modified with infusion of Rs.15.10 crores by CONCOR, to make it more versatile and suitable for storage of variety of products apart from Apple. Further, two new warehouses (30,160 sq. ft. each) were constructed under Phase-II with investment by CONCOR of Rs.12.02 crores. FHEL has leased out these two warehouses on mutually agreed terms for a period of 10 year.

The financial year 2024-25, has been mixed year for business especially for Imports of fresh fruit cargo in Delhi-NCR area. Despite all the hardships, the facility was running throughout the year.

During the year under review, total income of Company increased from Rs.8.02 crores in FY2023-24 to Rs.9.44 crores in FY 2024-25. The increase is on account of capturing additional customs cleared imported fruits where the cargo turnaround is faster, resulting in higher handling revenue in CA Store and revenue realization from leasing of Phase-2 warehouses. This Company earned net profit of Rs.1.09 crores during FY 2024-25 in leasing/ warehousing business model as against net profit of Rs.0.63 crores for financial year 2023-24.

In order to expand its span of operations and make its presence felt in Air cargo business with a view to establish itself in this Industry, CONCOR had formed CONCOR Air Ltd. (CAL) in the year 2012. It was formed mainly to carry out its business under a concession agreement entered with Mumbai International Airport Limited (MIAL). It is 100% subsidiary of CONCOR and has an authorised share capital of Rs.50 crores.

CONCOR had made an Investment of Rs.36.65 crores in the Company and till the end of year 2025, it had already received total returns in the form of dividends and professional Income totalling to Rs.69.32 crores from it. Through the above arrangement with MIAL, it has gained valuable experience in the aircargo field which will be useful in its future endeavours.

In previous years, due to continued uncertainty in the business mainly on account of new guidelines of the Bureau of Civil Aviation Security (BCAS), Regulatory Body of the Aviation Sector for complying with the guidelines pertaining to Regulatory Agent, diversion of business due to privatization of Air India to Tata group, merger of Air India and Vistara and delay in hike in the tariff from regulatory agency Airports Economic Regulatory Authority (AERA) which may entail loss to the organization till notification of new revised tariff, etc., CAL mutually settled the domestic concession it had with MIAL w.e.f. 01.04.2022. However, as per agreed terms CAL continued same business activities of SACT on hand holding basis for the year 2022-23 and all the Assets of the CAL were transferred to MIAL at Book Value and the business and operations were run-on Cost-plus basis upto 31.03.2023.

CAL is not having any business operations since F.Y 2023-24 and it was exploring the opportunities for capturing new business tie-up in India in the field of Air-cargo handling/warehousing business either in domestic or international or both at various airports and other opportunities available. During the year 2024-25, its income comprising of interest earned from deposits was Rs.2.01 crores and it earned a net profit of Rs.2.03 crores.

During the last quarter of the Current Financial year 2024-25, CAL had signed a working agreement with CONCOR for utilizing CONCOR's infrastructure including FMLM & Business solution services etc. at various terminals to provide single window solution to its customers for Air Cargo Activities. In this regard, presently CAL is in the process of starting operations at CONCOR terminals at ICD Ludhiana and ICD Dadri.

The Consolidated Financial Statements of the Company prepared in accordance with the provisions of the Companies Act, 2013 and the applicable Indian Accounting Standards (Ind AS) forms part of the Annual Report of the Company.

At CONCOR, Human Resource Management (HRM) is strategically aligned to maximize employee performance in pursuit of organizational goals. As a progressive organization, CONCOR recognizes its workforce as its most valuable asset and continuously strives to foster a performance-driven, inclusive and growth-oriented work environment.

During the year, CONCOR continued to refine its HR strategy in alignment with its business objectives. Focus remained on developing systems and policies that enhance organizational capabilities while supporting individual aspirations. This strategy fosters motivation and ensures that employee performance aligns with CONCOR’s long-term vision.

CONCOR’s HR philosophy emphasizes employee empowerment, personal development and the cultivation of a workplace culture that encourages innovation and rewards performance. The company promotes an open, dynamic, and participative work environment, backed by the strong support of senior leadership. As a result, CONCOR remains an employer of choice, consistently attracting top talent across disciplines.

Post-induction, employees are placed in roles suited to their skills and further trained to ensure alignment with organizational goals. The company places high importance on maintaining a safe, healthy and hygienic work environment.

Beyond statutory benefits, CONCOR offers a comprehensive suite of voluntary perks under a cafeteria model, allowing employees to select benefits tailored to their needs. Additional facilities include residential accommodation, telecommunication services, advances, and various welfare amenities. Social security measures such as compassionate appointments, voluntary benevolent funds for bereaved families, and post-retirement pension and medical facilities supplement statutory entitlements like Provident Fund and Gratuity.

In accordance with the Maternity Benefit Act, 1961, the Company provides statutory maternity benefits, including paid leave, medical benefits and related facilities for its female employees and affirms complete compliance with the provisions of the Maternity Benefit Act, 1961.

In its pursuit of becoming a digitally empowered organization, CONCOR has implemented Digital HR Business Processes. The focus is on leveraging technology to enhance HR delivery, develop a performance -oriented culture and nurture a digital mindset across the organization. Employees now have widespread access to HR services via HRMS and mobile applications, fostering transparency and accessibility.

CONCOR’s dedicated training division addresses the developmental needs of its workforce through a blend of in-house programs and specialized training modules. Training needs are identified through employee feedback and performance reviews. Employees also undergo on-the-job training to assess placement suitability and identify developmental gaps.

In alignment with national objectives, CONCOR facilitated internships for 50 students from various academic institutions, offering 8 12 weeks of exposure in Finance, Marketing, MIS, and Public Relations. Additionally, final-year engineering students participated in six- month stipendiary internships, helping the company identify and nurture future talent. CONCOR’s employee- centric policies have contributed to a low attrition rate of under 2%, reflecting high levels of job satisfaction and retention.

CONCOR believes that constructive and harmonious Industrial Relations (IR) are central to sustainable business operations. The company emphasizes a community-of-interest approach over conflict, encouraging collaborative problem-solving and open dialogue among stakeholders.

Throughout the financial year, CONCOR successfully maintained industrial peace, with no loss of man-days due to work stoppages or industrial actions. The company fosters a participative culture, open communication channels, and platforms for idea-sharing, ensuring employee motivation and alignment with organizational goals. Maintaining robust and positive industrial relations continues to be a key focus of the HR department, supporting both employee well-being and organizational resilience.

CONCOR is a Central Government Public Sector Undertaking (PSU). It follows all Government mandates in true spirit. The representation of various categories against the total strength of 1,256 (excluding deputationists) on 31.03.2025 is as under:

India has emerged as the fastest-growing major economy in the world and is expected to be one of the top three economic powers in the world over the next 10-15 years, backed by its robust democracy and strong partnerships. According to the April 2025 edition of the IMF’s World Economic Outlook, India’s economy is expected to grow by 6.4 per cent in 2025 and 2026, maintaining a solid lead over global and regional peers. Over the years, the Indian government has introduced many initiatives to strengthen the Nation's economy.

Strengthening emerging sectors and improving global competitiveness will ensure India remains a dominant player in the services sector in the times to come.

CONCOR moves more than 90% of its Inland Container Movement through Rail. CONCOR is making intensive efforts to increase the Rail Share in line with Indian Railways’s vision of increasing the overall Rail Traffic to 3,000 MT by 2030 including 400 MT of Container Traffic. Some key highlights of the business of the Company for the year under review are as below:

Exim Business witnessed a growth rate of 6.78% and Domestic Business witnessed a growth of 11.90% during the year.

New direct Rail service from ICD Tughlakabad, New Delhi to Kattupalli Port, Tamil Nadu has been introduced, operating Twice a week reduces transit times by 30% for Exports to South America. This initiative enhances efficiency and empowers Exports from North India, marking another milestone in strengthening India's Logistics and trade network.

Direct Port Delivery (DPD) Rail Movement has started from Gateway Terminals India at Jawaharlal Nehru Port. CONCOR has started evacuating Direct Port Delivery (DPD) containers landing at JNPA by Rail in a first of its kind initiative aimed at reducing load on Terminal gates, offering a sustainable alternative to road transport and reducing emissions.

The first Export Train from Khemli Depot to MDCC under the Direct Port Entry (DPE) movement, in collaboration with Maersk Shipping Line was successfully commenced. This milestone will enhance direct export connectivity from Udaipur, benefiting industries in the Mewar region with seamless and efficient logistics solutions.

DPD movement from Mundra to Barhi Sonepat has been initiated. CONCOR is offering attractive and customized Logistics solutions to the Trade for promoting DPD/DPE movement in order to divert traffic from Road to Rail. We are successfully serving commodities like Prime Paper, PVC Resin & Calcium Carbonate.

In a landmark development for India’s Logistics and Freight Sector, CONCOR has established Rail connectivity for the Gati Shakti Multi-Modal Cargo Terminal (GCT) at Varnama with the Western Dedicated Freight Corridor (WDFC) at New Makarpura Yard. This achievement underscores India’s commitment to modernize its logistics and transportation infrastructure under the ‘Gati Shakti’ initiative.

Handled its First Outward Rake, dispatched from Kolayat (Bikaner Division) to Virat Nagar (Nepal) successfully. CONCOR ICD/DDL (Ludhiana) has moved the first Block Rake (DICD-MDCC) of CMA CGM to Mundra.

Commenced its maiden Block Rake container train service from MDPT (Mundra Port) to Ludhiana. A new chapter begins for CONCOR at MDPT (Mundra Port) with the commencement of Weekly Block Rake container train services from MDPT.

The first Rake was flagged off from CTKR Terminal to Haldia with empty ISO container and returned back from Haldia Port to CTKR/CFS Kolkata with Import Cargo. The roundtrip movement is being done by SITC shipping line for its new import service from China. This is a collaborative effort of CONCOR and SITC Line.

Dronagiri Terminal has started handling ODC Export & Import Flat Rack containers with First Mile & Last Mile transport services from & to DRT CFS & J.N. Port Terminals with Low Bed Trailers.

Launched a new logistics route in the Cement Industry connects Chettinad Cement Siding (CCTC) near Tummalacheruvu, Andhra Pradesh to CONCOR's Terminal at Shalimar (CTCS), West Bengal.

Handled Inaugural rake at Gangavaram Port with Export loads from M/s Vedanta, Jharsuguda.

Completed, 3 Grade A Domestic Warehouses to serve the Trade, with a total of 2,42,100 SQFT of premium space. Each Warehouse is equipped with modern facilities, including 6 automatic dock levelers, dual entry/exit gates, and top-tier fire safety systems. Constructed with Vacuum Dewatered Flooring (VDF) supporting 8 MTs/SQMT, these warehouses are designed to enhance efficiency and meet all logistics requirements.

MMLP Dadri has been Notified as LCL Consolidation Hub. This facility is set to reduce logistics costs and transit times, providing a significant boost to LCL business- particularly in Delhi NCR area.

Commenced regular Container Train services from KPRK (Kandla) with maiden Double Stack Rake carrying Empty Reefer & Dry Boxes to Dadri on 25.05.2024 for utilization of Export traffic.

Commenced e-Booking of Containers at our flagship Terminal ICD Tughlakabad. This is another significant step towards Ease of Doing Business for our esteemed customers. Aligned with the Govt's vision of a digitally empowered logistics sector under the National Logistics Policy.

Commenced the full integration of CONCOR’s e-Billing system with the GeM Portal in Real-Time. This development is set to streamline procurement, enhancing transparency and efficiency. A proud leap forward in the digital transformation journey for public procurement.

Has launched facility for online processing of application for opening of CPDA for the customers. This online registration has significantly improved customer experience by making the process more accessible and efficient.

Development of an independent CONCOR PRMS Web-Portal encompassing continuous sharing/ display of all information with regard to policy, instructions, and to provide an interactive service delivery mechanism through IT for the Superannuated Employees of the Company.

With the support from Southern Railway, Madurai Division (MDU) and TCI CONCOR Multimodal Logistics Solutions has flagged-off its inaugural Container Train carrying Solar Panels Cargo of M/s. Tata Power Solar from Gangaikondan (GDN) to ICD-Whitefield.

Started the first Banana Export Train of the Season from Tadipatri, Andhra Pradesh. This event marked a significant step towards bolstering India’s position in the global fruit export market.

In order to promote environment-friendly logistics solutions in the country, CONCOR has commissioned In-House LNG station at MMLP Khatuwas, in collaboration with IOCL, to ensure uninterrupted supply of LNG to be used primarily for First Mile Last Mile services to customers on CONCOR-owned LNG-powered Road Trailers. This is the first of its kind facility at any MMLP in North India.

The first ever movement of Temperature-Sensitive Pharma Products in CONCOR's Ice Battery fitted Swaraj Mazda Truck was flagged-off from ICD Baddi, thereafter another movement of Temperate-Sensitive Pharmaceutical products in its Ice-Battery fitted Truck was managed from Baddi (Himachal Pradesh) to IGI Airport New Delhi as well.

In a significant development for India’s logistics and maritime transport sector, CONCOR has successfully bridged the logistical gap between Chennai and Sri Vijayapuram (Port Blair) with the successful dispatch of it's first ICE BATTERY container with set Temperature of 5?C from Chennai to Sri Vijayapuram. This breakthrough aims to revolutionize the transportation of Goods between the Indian mainland and the Andaman and Nicobar Islands, significantly improving the efficiency, sustainability, and reliability of this vital shipping route.

CONCOR’s Multi Modal Logistics Park - Visakhapatnam (MMLPV) with support from Customs and Railways flagged off inaugural Train carrying Export Laden Reefer containers to JNPT.

CONCOR, in collaboration with Indian Railways and the Chennai Port Authority, kicked-off the inaugural TVS Go Green Express container Train, which was loaded with TVS Motor Company’s

Direct Port Entry (DPE) Export Containers.

CONCOR Ranked 269th on the "Fortune India 500" list of 2024. CONCOR comes under one of the most reliable, efficient companies in India and is also very well respected & performing ethically as well as allied with growing, innovative & inordinate customer services in logistics.

CONCOR Shined at the PSU & Government Summit 2024: CONCOR has been Honored to receive the Best ‘Public Sector Excellence Award’ in the "Transport Service - Rail (Central PSU)" Category". The award was presented by Dr. Bibek Debroy, Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), and received by our Director (Projects & Services), Shri Ajit Kumar Panda.

The Company has secured the First Rank in the iGOT Karmayogi Wall of Fame (1-10K Category) for January 2025 under Mission Karmayogi. This remarkable achievement makes CONCOR the first PSU under the Ministry of Railways to receive this recognition. This milestone underscores our commitment to continuous learning and capacity building.

CONCOR Shined at the 16th Edition of CONquest 2025, Northern India Multimodal Logistics Awards 2025 and received the "Inland Container Depot and Rail Operator of the Year (Public)" Award, organized by EXIM INDIA.

CONCOR’s Hindi Magazine Madhubhashika has been conferred the Second Prize by ( -I), under the Best Category.

According to Logistics Data Bank Analytics Report (May 2024) on ICD performance benchmarking by NLDS, out of 34 ICDs functional at various parts of the country, CONCOR’s ICDs located at

Ludhiana and Dadri have been recognized as among the top-performing ICDs with the lowest dwell time. Additionally, CONCOR’s ICD at Ludhiana is rated as the Highest Potential ICD.

ICD/Dadri of the Company has been recognized for its ‘Excellent Reefer Container Operations’, at an event of "CARGONXT Recognitions" organized by Cargo Insights (SDDB Branding Solutions Pvt.

Ltd.).

As per the NLDS's Monthly December 2024 Analytics report, Dronagiri Rail Terminal (DRT) CFS, Navi Mumbai, has been benchmarked as one of the Top-Performing ICDs.

In MIS functions for energy conservation and technology absorption Virtualization is being done in the Servers of major applications, which is the latest technology, with the objective to reduce the hardware, reduce the power consumption and the cooling requirement. Implementation of MPLS connectivity in place of VSAT also reduced the power consumption by hardware equipments. To save power multiple servers are also being controlled through single console instead of having the separate monitors, which save power as well as reduce cooling requirement. All the CRT monitors have been replaced by LCD/LED monitors, which have reduced the power requirement drastically. Procurement of All in One (AIO) systems in place of Computers to consume single power for system. Most Printers of desktops/ laptop are configured in power saving mode. In addition to above, to conserve the energy and to reduce power requirement/ heat dissipation wherever possible, consolidation is practiced as per the requirement.

The following steps/ plans are taken towards energy efficiency at the terminals:

Provision of LED Lights: All conventional lights (i.e. Tube Light, Pole Light, Ceiling Light, High Bay Light and High Mast Tower Light) in all terminal of Area-1 have been successfully replaced with equivalent LED lights. This enables saving of electricity and decrease of electricity consumption compared to last year.

Details of led lights replaced in FY-2024-25: o 300 watt led lights -166nos. o 80 watt led lights - 350nos. o 36 watt led panel lights 675nos. o 20 watt led Tube lights 700nos.

Energy audit was successfully conducted in 48 terminals of CONCOR all over India. In this regard, power demand at Dhappar terminal reduced from 250KVAto102kVA & at Punjab state Wherehouse Co. leased by CONCOR reduced from 99 kVA to 35 kVA and at DDL terminal reduced from 436KVA to 200KVA. Further, for Agra terminal, it has been proposed for reducing from HT supply to LT supply.

62 KVA LNG DG Set 01 nos. has been installed at CONCOR MMLP/ Khatuwas terminal in a step towards green energy.

Procurement of Star Rating Air conditioners and fans: CONCOR has procured 20 nos. Air Conditioners, 134 nos. ceiling fan and 69 wall mounted fan with Star Ratings. This also enables to save electricity. In addition to above, Air desert coolers being used for large space to minimize the use of Air conditioners and electricity consumption. 29 nos. Air desert coolers purchased in FY- 2024-25.

Solar Light at MMLP/Khatuwas: CONCOR has provided 40 nos. 12watt solar pole light at MMLP/Khatuwas.

To reduce the air pollution, CONCOR has deployed 130 Nos. LNG Trucks along with flatbed Trailers at their different terminals. 75 Nos. are LNG Trucks commissioned during FY 2023-24 and 55 Nos. are commissioned in FY-2024-25. As per the reports, LNG powered vehicle emits 25% less CO2 emission as compared to diesel vehicle.

1^st LNG station has been successfully installed and commissioned at CONCOR MMLP/Khatuwas terminal on 22.11.2024 by M/s IOCL.

CONCOR signed MOU with The Energy and Resources Institute (TERI) on 07.03.2025 to develop strategies, detailed research and policy development work for green logistics solutions, promoting environmentally responsible freight transportation, and exploring innovative technologies for reducing carbon footprint in logistics operations.

Net Zero Carbon-Neutral Cold Storage Warehouse, Sriperumbedur, near Chennai: CONCOR is getting into niche warehousing by setting up its first Net Zero Cold Storage Warehouse with 1.39 lakh Sq. ft area at Sriperumbudur near Chennai. The facility aims to achieve Net Zero Energy, Net Zero Water and Net Zero Waste targets; and are committed to obtain certification under various green building standards. A Net Zero or Carbon Neutral Warehouse is designed to eliminate or offset carbon emissions through sustainable design, energy efficiency, and renewable energy sources. CONCOR will provide temperature-controlled warehousing services in environment friendly manner. The facility will offer both ambient and chilled warehousing for temperature- sensitive goods, with customizable environmental conditions tailored to suit the specific requirements of different types of stored items. It will extend perishable shelf life and protection of electronics from extreme temperatures, ensuring product integrity and durability in the area. This innovative facility represents CONCOR’s vision of building future- ready, sustainable infrastructure that supports India’s green logistics transformation.

During the year, there were no foreign exchange earnings.

The details of foreign exchange outgo are as under: (Rs. in crore)

In order to strengthen the load ability and improve the service level, CONCOR modified 11,070 Bogie Low Container (BLC) wagons into Bogie Low Container Modified (BLCM) wagons with increasing Axle load capacity from 20.3T to 22T.

In the recent past, NCT area witnessed high level of Air pollution in the winter months every year from around September onwards due to the range of factors including stubble burning in neighbouring states and vehicular traffic leading to huge pollution in the NCT area. Heavy Vehicles accounts for larger chunk of PM2.5 pollution to the overall vehicle emissions.

Keeping in view of huge pollutions in winter, Ministry of Environment, Forest & Climate Change and various authorities monitoring the pollution in the NCT area, a slew of measures, including a ban on entry of trucks and plying of diesel-fuelled Medium Goods Vehicles (MGVs) and Heavy Goods Vehicles (HGVs) within Delhi’s limits, was declared by the authorities from time to time, which affects the business of

CONCOR also.

However, during this period, movement of MGV’s & HGV’s are allowed in Delhi which are using green fuel

Like, LNG, CNG & e-vehicle. In view of the serious issues of pollution and their effects, CONCOR has taken following initiatives:

Under the pilot project (No-Interest EMI), CONCOR has placed order on M/s Convergence Energy Service Limited [A wholly owned subsidiary of Energy Efficiency Services Ltd, (EESL) a JV of PSU, under Ministry of Power] for supply of 2 nos. of Electric trucks to be deployed at CONCOR terminal under Delhi/NCR area for trial.

CONCOR procured and deployed 130 Nos. LNG Trucks along with flatbed Trailers at different terminal of CONCOR. In addition to 130 LNG trucks, order for procurement of 100 LNG trucks & flatbed Trailers also placed.

CONCOR floated the tender for Design, Manufacture, supply & commissioning of 05 nos. of loaded Electric Reach Stackers (RSTs).

Under make in India i.e. Aatmanirbhar Bharat, Developmental orders for 7050 containers were placed on indigenous container manufacturers. Out of these 7050 containers, during FY 2024-25 1681 containers were received and in total 4128 containers have been received by March, 2025.

Expenditure of Rs. 76.73 Crore has been incurred towards development of indigenous manufacturers for manufacturing & supply of 20FT HCEO ISO container, Tank containers for bulk Cement destuffing solution system & up-gradation of BLC Wagons into BLCM wagons.

No Presidential Directives issued by Govt. were received by CONCOR during the last three years.

The Procurement of Goods & Services from Micro and Small Enterprises, details for FY 2024-25 are as under:

Annual Procurement Target FY 2024-25 = Rs. 68.80 crores

Annual Procurement Target FY 2025-26 = Rs. 70.24 crores

The relevant clauses pertaining to the MSEs are included in all tenders and exemption of EMDs & Tender Sale Price is extended to the MSE bidders. The Annual Procurement Plan is uploaded on the Official Website and on Sambandh Portal.

CONCOR has made a lot of progress in the field of official language by complying with provisions of Official Language Act, 1963 as well as the Official Language Rules,1976. Some important achievements of this year are as follows:

Meetings of the Official Language Implementation Committee: Meetings of the Official Language Implementation Committee were held regularly at an interval of every 3 months under the chairmanship of CMD. Appropriate guidelines were given to promote the use of Hindi in official work among employee of CONCOR after reviewing their performance in each quarter. A quiz program on the official language is also organized for the officers to make the meeting useful & informative.

Individual Orders: Under to sub-rule 8(4) of the Official Language Rules, 1976, individual orders were issued to a total 262employees/officers of Corporate office to perform their total official work in Hindi .

Inspection and Workshop: MukhyaRajbhasha Adhikari and GM Rajbhasha keep inspecting the interdepartmental Offices & area offices to find out the progress of the works done in Hindi. Inspections related to official language were conducted and total 9nos of Hindi workshops were organized in this year to mitigate problems faced by officials in the use of Hindi in their routine official work.

Hindi-Pakhwada 2024: Hindi pakhwara was successfully organized from 14th September 2024to 28th September 2024 at the Corporate Office of CONCOR. During this, 6 programmes were organized including Hindi essay writing, prashnotri, singing, Antakshari etc. Apart from this, Kavi sammelan and sangeet Program was also organized. On September 28, Prizes were distributed to 72 winning participants by the Chairman& Managing Director.

CONCOR Rajbhasha Puraskar Scheme: An amount of Rs.1,26,000/-was distributed to 80 officers/ employees of area and corporate office during the year for using Hindi in official work under CONCOR Rajbhasha Purshkar Yojna.

Inter Corporation Hindi Competition-CONCOR organized a ‘Hindi Competition named " Hindi Shabdarth Lekhan " on 22th November, 2024, under the aegis of Town Official Language Implementation Committee in order to promote use of Hindi among PSUs. Total 15 participants from various central undertakings based in Delhi participated in this competition.

Award to Madhubhashika Hindi -magazine: CONCOR's quarterly Hindi magazine 'Madhubhika' bagged 2nd prize in the category of best magazine by the Town Official Language Implementation Committee (Upkaram-I), Delhi. So far 66issues of this magazine have been published with the aim of promoting original writing in Hindi by the employees and officers of CONCOR. Its e-version is also uploaded on the website and its link is shared to other organizations.

Library: During the year CONCOR enhanced its library by purchasing 53 Hindi books thus taking the total number of Hindi books to 2,272 comprising of novels, poetry, etc. It continued to subscribe leading Hindi news papers & magazines to promote use of Hindi among its employees.

The Primary Objective of CONCOR Vigilance is to create an environment where individuals work with integrity, efficiency, and transparency while upholding the highest ethical standards within the organization. To achieve this goal, the vigilance department focuses on a balanced approach carrying out preventive, proactive and punitive actions with a strong emphasis on preventive and proactive measures.

The following activities were undertaken during the financial year 2024-25 to support the objectives of the Vigilance Department:

20 Preventive/ Surprise checks/ CTE type checks were conducted at various Area / Cluster Offices/ Inland Container Depots/ Container Freight Stations during the year 2024-25. In addition, cases were registered/ investigated on the basis of complaints and other information. Periodic surprise checks were conducted regularly in the vulnerable areas of the company. Suitable penal action was taken against erring officials and contractors. An amount of Rs.20.64 lakh was recovered from various contractors/customers during the financial year.

On the suggestion of Vigilance Division, respective user departments have issued 06 circulars for improvement in systems and procedures. In order to disseminate information among field functionaries, the Vigilance Division organised regular training programmes /workshops in different Regions covering topical issues such as Cyber Hygiene and Security, Protecting yourself in the Digital World, Ethics and Governance, Conduct Rules, Commercial Contract Management, Procurement of Goods, etc.

CONCOR continuously and regularly endeavours to ensure fair and transparent transactions through technology interventions and system /process review in consultation with various stakeholders.

Vigilance Awareness Week (VAW) was observed in all offices of CONCOR by undertaking various activities during the period 28th October 2024 to 03rd November, 2024.The theme of the Vigilance Awareness Week -2024 was:

VAW-2024 was marked by organising the numerous activities/competitions in schools, colleges, workshops/interactive sessions etc. Several workshops, training sessions, seminars, Grievances Redressal Camps were organised involving customers and contractors / vendors. Essay, slogan writing and debate competitions were organized for employees and their family.

In order to motivate the employees to be alert on work place, the award for "The Most Vigilant Employee of the Year" was instituted and Shri Kunj Bihari, Jr. Officer (C&O)/CO was selected for the year 2023-24 in recognition for his integrity and contribution towards cost saving".

Pursuant to Section 134(5) of the Companies Act 2013, your Directors hereby confirm that:

i) In the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures.

ii) 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 at the end of the financial year and of the profit and loss of the Company for that period.

iii) The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

iv) The Directors have prepared the annual accounts on a going concern basis.

v) The Directors have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively.

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

The detailed Management Discussion and Analysis forms a part of this report at Annexure-A.

Your Company has taken structured initiatives towards Corporate Governance & its practices are appreciated by various stakeholders. Your Company believes in the principle that good Corporate Governance establishes a positive organizational culture and it is evident by responsibility, accountability, consistency, fairness and transparency towards its stakeholders. As required under SEBI (LODR) Regulations and DPE guidelines on Corporate Governance, a separate report on Corporate Governance practices followed by the Company forms part of this Report at Annexure-B.

A Practicing Company Secretary has examined and certified your Company's compliance with respect to conditions enumerated in SEBI (LODR) Regulations and DPE guidelines on Corporate Governance. The certificate required under DPE guidelines and SEBI (LODR) Regulations forms part of this Report at Annexure- C.

As a responsible corporate citizen and to reduce carbon footprint, your Company has actively supported the implementation of ‘Green Initiative’. Electronic delivery of notice of Postal Ballot, notice of Annual General

Meeting (AGM) and Annual Report along with other communications is being done to those shareholders whose email ids are already registered with the respective Depository Participants (DPs) and downloaded from the depositories i.e. NSDL/CDSL and who have not opted for receiving Annual Report in physical form. Accordingly, unless otherwise desired by the shareholders, the Company sends all documents to the shareholders viz. Notice, intimation for dividend, Audited Financial Statements, Directors’ and Auditors’ Report, etc. in electronic form to their registered e-mail addresses.

In respect of financial year 2024-25, in terms of exemption granted by MCA vide General Circular No. 09/2024, dated 19.09.2024 read with earlier Circulars and by SEBI Circular no. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 3, 2024, Annual Reports are being circulated among the members whose email IDs are available with the Company through electronic mode. Accordingly, no physical copies of the Annual Reports are being circulated among the members of the Company.

CONCOR’s social initiatives in FY 2024-25 continued to be focused on overall development of society with main focus on ‘Health & Nutrition’ activities in terms of guidelines issued by Department of Public enterprises (DPE).

Activities in other areas like Education, Skill Development, Environment Sustainability, Sports, Infrastructure development etc. have also amply been addressed for the overall welfare of the society with focus on mainly deprived section of society. Some of major activities undertaken by the company during the year are:

Preventive Health camps continued to be organized like previous years in major locations of CONCOR facilities benefitting approximately 39000 stakeholders by organizing 92 health camps, 29 Janitri Workshops & 19

‘Jhanken Nanhi Aankhon Mein’ which have been instrumental in providing Primary Health Checks and arresting growth of other diseases.

Supported Northern Railway Central Hospital, New Delhi by way of providing Medical Equipments for facilitating patients to lead a better life.

Provided Seven (7) Electric Buses (SEB-18) and One (1) 09 Mtr Electric AC Bus JBM (Low Floor with 196 kwh Battery) to All India Institute of Medical Sciences (AIIMS), New Delhi under CSR activities. This will help patients and their families to commute to the respective treatment centres for treatment. It will also be helpful for green energy initiatives.

Supported Tata Memorial Hospital, Mumbai towards Research Work in the field of CAR T Cell Therapy with other approved forms of immunotherapy. This therapy is a life saving treatment, currently being studied in clinical trials, in combination with other immunotherapy and it will be helpful for Cancer patients.

Health camps for stakeholders, Provided Health equipments to Northern Railway Central Hospital, New Delhi and handed over five electric buses (SEB 18) to AIIMS, New Delhi

Handed over two electric buses (SEB-18) & one 09 Mtr Electric AC Bus JBM to AIIMS, New Delhi

Supported for the project of Environment Sustainability Recharging Ground Water (Drilling of Soil testing holes, Soil strata test report, identification of six locations for boring of the rainy well for water harvesting, Providing and installation of pipe and Gravel, Fixing of 24 filtration cover, etc.) at MMLP, Khatuwas, Rajasthan. This project is an important step towards water conservation.

Inauguration of Recharging Ground Water facility at MMLP, Khatuwas, Rajasthan

CSR activities in Aspirational districts adopted by CONCOR in Asifabad (Telangana), Shravasti (UP) and Chandauli (UP) are continued by taking up health activities, i.e., setting up infrastructure &providing health equipment’s to Govt. Hospital/PHC/CHC at Shravasti and Chandauli, Uttar Pradesh and Infrastructure facilities in Govt. Degree Junior Colleges, Model School & Boys Hostels in Kumurambheem Asifabad in Talangana for the benefit of needy people of these aspirational districts. The facilities created utilizing CSR funds have been helpful to uncounted common people of these districts.

Infrastructure facilities in Govt. Degree Junior Colleges, Model School & Boys Hostels in Kumurambheem, Asifabad.

Continued its support towards education of under-privileged and poor students by supporting 30 bright students towards preparation for higher studies in Uttar Pradesh as well as supporting in operation and strengthening of infrastructure of primary schools and Secondary school at Haryana and Delhi benefitting 1200 such students.

Supporting in improvement and up-gradation in 23 Rural Schools of Jalna District of Maharashtra and Construction of two rooms and providing water in S.B.N.School, Mohanlalganj, Lucknow, Uttar Pradesh. CONCOR also supported construction of Narayan Computer teaching/training center etc. at Gram Ballampur, Block-Cholapur, Janpat Varanasi, Uttar Pradesh.

Supported towards development of infrastructure of sports facilities at Karnail Singh Stadium New Delhi and Railway Stadium at Bengaluru and development of Badminton Complex of Bhojpur District Badminton Association at Ara, Bhojpur Bihar.

Environment sustainability activities have been taken up in Uttar Pradesh by installing and commissioning 450 solar lights at public places of Barabanki, Malihabad & Mohanlalganj, Lucknow, Uttar Pradesh and 120 Solar Light at East Karbi Anglong district Assam.

Supported towards Skill Development Training to 240 women/girls in the field of Self-Employed Tailor (120) and Make-up Artist (120) at Tughlakabad, New Delhi and Skill development training and handholding for employment women economically empowered in Delhi stitching tailoring and Office Management at New Delhi.CONCOR also supported Computer Training to 100 children at Varanasi, Uttar Pradesh.

Support to RAAH foundation towards ecological restoration of 70 acres of barren land in Maharashtra in villages, viz., Daregaon, Kokankhede, Taluka Chandwad, District Nashik, Maharashtra. CONCOR also supported The Energy Research Institute (TERI) towards Development of one pond for water conservation, Provision of purified drinking water infrastructure in two schools training/ workshop for the community in the field of environment sustainability at Sonipat, Haryana.

CONCOR supported to Armed Forces Flag Day fund towards financial assistance for education of children/widow of ESM.

Provided support towards installation of open outdoor GYM machine in Sonbhadra, Bulandshahar and Kushinagar, Uttar Pradesh.

An amount of Rs.36.36 crores have been disbursed in FY 2024-25 towards CSR activities involving Health & Medical care, sanitation, education/literacy enhancement, community development, rural development, environment protection, conservation of natural resources and infrastructure development etc. Further, the Board of Directors are satisfied that the funds of CSR have been spent in the manner approved by it and this has also been certified by the Director (Finance) of the Company. The Annual report on CSR activities is as per

Annexure-D.

As per the requirement of SEBI (LODR) Regulations, 2015, the Company is having a Board level Risk Management Committee. The particulars of Committee, its terms of reference, meetings held, etc. are stated in the Corporate Governance Report forming part of this Report. The Company has a well laid down Risk Management (RM) system to identify, evaluate risks and opportunities. The said system seeks to create transparency, minimize adverse impact on the business objectives and enhance the Company’s competitive advantage. The risk management system defines the risk management approach across the enterprise in various business activities. The RM structure has different risk models which help in identifying risk trends, exposure and potential impact analysis at Company level and also separately for business segments. It forms an integral part of the Company’s functioning and the Board of Directors are being regularly apprised about the status of various risk elements and the mitigation plans for the same.

CONCOR’s Internal Control Systems are commensurate with its size, scale and complexity and nature of its business activities. Internal audit constitutes an important element in overall internal control systems of the Company. The scope of work of the internal audit is well defined and is very exhaustive to cover all crucial functions and businesses of the Company. The internal audit in the Company is carried out by the independent professional firms appointed for this purpose.

The respective department of the Company monitors and evaluates the efficacy and adequacy of internal control system in the Company, its compliance with operating systems, accounting procedures and policies. Based on the report of internal auditors, necessary steps are taken at regular intervals to further strengthen the existing systems and procedures. The significant observations of internal auditors and corrective actions thereon are presented to the Audit & Ethics Committee of the Board at regular intervals. In addition, the implementation and effectiveness of internal financial controls during 2024-25 was also reported by the internal and statutory auditors of the Company.

As per provisions of section 197 of the Companies Act, 2013 read with the Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, every listed company is required to disclose the ratio of the remuneration of each director to the median employee’s remuneration and such other details as may be prescribed in the Directors’ Report. However, as per Notification No. GSR 463(E) dated 5^th June, 2015 issued by the Ministry of Corporate Affairs, Government Companies are exempted from complying with provisions of section 197 of the Companies Act, 2013. Therefore, CONCOR being a Government Company, such particulars are not included as part of Directors’ Report.

Being a Government Company, the Comptroller & Auditor General (C&AG) of India had appointed Company’s

Statutory Auditors for the financial year 2024-25. M/s. Hem Sandeep & Co., Chartered Accountants were appointed as Company’s Statutory Auditors for the year 2024-25. The statutory auditors were appointed by C&AG vide its letter No. CA.V/COY/CENTRAL GOVERNMENT, CCIL(1)/85, dated 19.09.2024. The Statutory

Auditors of the Company is being paid fee of Rs.34.00 Lakh (excluding GST). The Statutory Auditors have audited the Annual Financial Statements of the Company for the financial year ended on 31.03.2025. During the year under review, Auditors have not reported to the Audit Committee or the Board, under Section 143(12) of the Companies Act, 2013 any instances of fraud committed against the Company by its officers or employees. In respect of observations of the Statutory Auditors in their report on Standalone and Consolidated Financial Statements, Management replies have been enclosed as Addendum-I and Addendum-II to this report.

The Company is in receipt of comments of Comptroller and Auditor General of India under section 143(6)(b) of the Companies Act, 2013 on the Standalone and Consolidated Financial Statements of the Company for the year 2024-25, vide its letter no. P.D.A./R.C./AA-CONCOR/03-27/2025-26/411, dated 01.09.2025. The Comments of C&AG for the financial year 2024-25 are being provided elsewhere in the Annual Report. Further, CONCOR is not required to maintain cost records as required under section 148 of Companies Act, 2013 and rules made thereunder.

CONCOR being a Government Company, the appointment of directors on its board are communicated by the Ministry of Railways from time to time. During the financial year 2024-25, five meetings of the Board of Directors were held for transacting various businesses. During the year and upto the date of this report, the directorship in the Company are, as under:

- Shri Sanjay Swarup, Chairman and Managing Director [DIN: 05159435]

- Shri Ajit Kumar Panda, Director (Project & Services) [DIN: 08221385]

- Shri Mohammad Azhar Shams, Director (Domestic Division) [DIN: 07627473]

- Shri Anurag Kapil, Director (Finance) [DIN:06640383] (additional charge) (w.e.f. 23.10.2024)

- Shri Vijoy Kumar Singh, Director (International Marketing & Operations) [DIN: 10391476] (w.e.f. 21.02.2025)

- Shri Prabhas Dansana (Part-Time Govt. Nominee) [DIN: 07973307] (w.e.f. 20.05.2024)

- Shri Chesong Bikramsing Terang, Independent Director [DIN: 09401230] (upto 08.11.2024 and reappointed w.e.f. 15.04.2025)

- Shri Kedarashish Bapat, Independent Director [DIN: 02535543] (upto 08.11.2024 and reappointed w.e.f. 15.04.2025)

- Shri R.C. Paul Kanagaraj [DIN:10199485] (reappointed w.e.f. 16.04.2025)

- Smt. Namita Devi alias Lovely Gupta [DIN:07436235] (w.e.f. 07.07.2025)

- Shri Manoj K. Dubey, Director (Finance) & CFO [DIN: 07518387] (upto 10.10.2024)

- Shri Satendra Kumar, Independent Director [DIN: 09344018] (upto 08.11.2024)

- Smt. Chandra Rawat, Independent Director [DIN: 09409425] (upto 08.11.2024)

- Shri Priya Ranjan Parhi, Director (International Marketing & Operations) [DIN:09499859] (additional charge) (upto 21.02.2025)

- Shri Sandeep Jain (Part-Time Govt. Nominee) [DIN: 09435375] (w.e.f. 20.03.2024 and upto 07.08.2025)

In terms of provisions under SEBI Regulations and DPE guidelines, CONCOR being a listed Company and having an executive Chairman, 50% of its Board of Directors should comprise of Independent Directors. However, the company was not having requisite number of Independent directors during the year. The Secretarial Auditor has also given observations in this respect in their report. In this respect, as Directors on the Board are appointed by Government, CONCOR had regularly requested Ministry of Railways for appointment of requisite number of Independent Directors to comply with the applicable requirements under SEBI (LODR) Regulations, DPE Guidelines and Companies Act and the same was also informed to Stock Exchanges.

As per the Companies Act, 2013 the provisions in respect of retirement of Directors by rotation will not be applicable to Independent Directors. In view of this, no Independent Director is considered to be retiring by rotation but all other directors are liable to retire by rotation. Accordingly, one third among all other directors namely Shri Sanjay Swarup, Chairman and Managing Director and Shri Prabhas Dansana, Part Time Government director are liable to retire by rotation and being eligible, offer themselves for reappointment.

As per provisions of Section 134(3)(p) of the Companies Act 2013, the Board’s Report of a Listed Company shall include a statement indicating the manner of formal annual evaluation of Board, Committees & Individual Directors etc. Ministry of Corporate Affairs has vide its notification dated 5^th June, 2015 notified the exemptions to Government Companies from the provisions of the Companies Act, 2013 which inter-alia provides that Section 134(3)(p) regarding statement on formal annual evaluation shall not apply to Government Companies in case the Directors are evaluated by the Ministry which is administratively in-charge of the company as per its own evaluation methodology. Further, it has been provided that the provisions of Sub-Sections (2), (3) & (4) of Section 178 regarding appointment, performance evaluation and remuneration shall not apply to Directors of Government Companies.

In terms of notification dated 05.07.2017 issued by MCA the provisions in Schedule IV of the Companies Act, 2013 about reviewing the performance of Chairperson and non-independent directors and the Board as a whole by the Independent Directors in their separate meeting and that on the basis of performance evaluation of Independent Directors, it shall be determined whether to extend or continue their term of appointment shall not apply to a Government Company if the requirements in respect of same are specified by the concerned Ministries or Departments of the Central Government and such requirements are complied with by the Government Companies. In view of above, since the appointment of all Directors in the Company is decided by the Govt. of India, the requirement related to evaluation of directors as stated in Schedule-IV are not applicable to CONCOR.

Similarly, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 also provides that the Nomination and Remuneration Committee to formulate the criteria for evaluation of performance of independent directors and the board of directors, evaluation of independent Directors to be done by the Board of Directors and the independent directors in their separate meeting inter-alia to review the performance of Chairperson, non-independent directors and the board of directors as a whole. Since CONCOR is a Government Company, which is exempt under Companies Act, 2013 from similar provisions, the Company has sought exemption from SEBI regarding applicability of above SEBI (LODR) provisions to it. SEBI vide its letter dated 26.03.2025 has granted exemption from certain provisions of SEBI (LODR) Regulations, 2015 which are Regulation 34(3) read with clause (d) of Para 4 of Part C of Schedule V regarding Nomination and Remuneration Committee (NRC) to lay down performance evaluation criteria for Independent Directors; Regulation 17(10)(a) regarding performance evaluation of Independent Directors by the Board; and Regulation 19(4) read with clause (2) of Para A of Part D of Schedule II regarding NRC to laid down the criteria for evaluation of Independent Directors and Board of Director.

On perusal of the above provisions, it can be concluded that there is no requirement for evaluation of Board, Non-Independent Directors, Chairperson and Independent Directors under Companies Act, 2013. For the evaluation of all the Directors in a Government Company, the Government has already laid down the procedure, which is being followed.

The above provision applicable for evaluation of the Chairperson/Directors/Board, were placed before the separate meeting of the Independent Directors in its meeting held on 08.08.2024. In the said meeting the Directors have taken note of the provisions and stated that being a Government Company the Directors performance may continue to be reviewed by the Government in the same manner as is being done every year, hitherto. The Independent Directors have also placed on record their appreciation for the Chairman and Managing Director, functional Directors as well as the entire CONCOR team for their sustained efforts during this difficult year for trade.

Similarly, the above provision applicable for evaluation of the Chairperson/ Directors/ Board and statement in board report have been taken note by the Board of Directors of the Company. In the said meeting the Board has taken note of the same and have reiterated that being a Government Company the performance of Chairman/ Directors may continue to be reviewed and evaluated by the Government in the same manner as is being done every year, hitherto. The Board also placed on record its appreciation for the contribution being made by the Independent Directors.

The selection, evaluation criteria and the remuneration guidelines which are being followed in the Company are elaborated as under:

CONCOR is a Government Company under the administrative control of Ministry of Railways. The selection procedure for all the directors is also laid down by the Government of India and all the directors of the company have been appointed in accordance with the said procedure. The functional directors including CMD are selected on the recommendations of PESB in accordance with the procedure and guidelines laid down by Govt. of India. Its Board of Directors are appointed by Government of India and there is system and procedure laid down by Department of Public Enterprises for evaluation of its functional directors including Chairman and Managing Director. The evaluation framework for assessing the performance of functional directors comprises of the following key areas:

Performance of the company under the MOU signed with Ministry of Railways.

Performance with respect to the targets fixed for the respective director.

The evaluation includes self-evaluation by the respective board member and subsequent assessment by CMD for the functional directors and thereafter final evaluation by the Ministry of Railways, the Administrative Ministry. In respect of CMD the evaluation includes self-evaluation and final evaluation by the Ministry of Railways. In respect of Government nominee directors their evaluation is done by the Ministry of Railways as per the laid down procedure.

The induction of officers at below board level is made by way of recruitment, promotion and/or lateral entry by way of deputation/immediate absorption of the officials from Ministry of Railways, Govt. Departments and other PSUs.

The performance of below Board Level Officials at Group General Manager and Executive Director Grades is evaluated on the basis of criteria laid down by DPE in which the achievement of MOU targets as approved by Administrative Ministry and DPE is given due weightage.

CONCOR follows a robust Performance Management System (PMS) in compliance with the DPE instructions for evaluation of performance of its officials in Sr. General Manager and below grade. Format for evaluation comprises broad parameters for assessment of personal traits of the officials and contribution towards performance of the organization. The Key Result Areas (KRAs) are proposed by the appraisee and approved by appraiser in the beginning of the year which is subject to mid-year review for further modification/improvement, if any. For the payment of Performance Related Pay (PRP) as per DPE guidelines/ instructions, the performance rating of an individual officer is considered.

The Company follows the guidelines of Department of Public Enterprises (DPE) on salary structure for Board Level Executives and as well as Below Board Level Executives and Non-unionised Supervisors. These are adopted by CONCOR with the approval of Board of Directors and Presidential directive issued thereof by the Ministry. In respect of unionised workmen, salary and allowances are settled through collective bargaining and settlement thereof under Industrial Disputes Act 1947.

The Nomination and Remuneration Committee of the Board had taken note of the remuneration policy of the company and the procedure and policy for selection of the Directors, Senior Management and their evaluation/remuneration and also the evaluation criteria being followed for the evaluation of Chairman/Directors by the Government, Ministry of Railways (Government of India).

The related party transactions that were entered into during the year were on an arm’s length basis and were in the ordinary course of business. Omnibus approval of the Audit & Ethics Committee is being taken for the related party transactions which are of foreseen and repetitive nature. The transactions entered into pursuant to the omnibus approval so granted are placed before the Audit & Ethics Committee and the Board of Directors on a quarterly basis. The policy on material related party transactions, as approved by the Board has been uploaded on the Company’s website at https://concorindia.co.in/assets/pdf/partyfitransactions.pdf. Though there are no materially significant related party transactions entered by the Company, the particulars as required under section 134(3) of the Companies Act 2013 are as per Annexure-E to this report.

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company has appointed M/s Amit Agrawal & Associates, a firm of Company Secretaries in Practice to undertake the Secretarial Audit of the Company. The Secretarial Audit Report from the auditor is annexed as Annexure-F to this report.

The Secretarial Auditor as well as the Auditor who has given Corporate Governance Compliance certificate had given observations in their report regarding matters related to composition of Board of Directors i.e. not having adequate number of independent directors on its Board during the year and non composition of Board committees as per applicable provisions. The remarks of the directors on the same are that the independent directors in the Company are appointed by President of India, through Ministry of Railways, Government of India. The Company has regularly requested Ministry of Railways, Government of India for appointment of requisite number of independent directors on its Board. Further, on the matters of observations of the Secretarial Auditors regarding imposition of fines by the Stock Exchanges, the matters in which fines were imposed, its period, status along with management’s remarks on same in detail have been provided in the enclosed Corporate Governance Report forming part of this report.

In view of amendment in the SEBI (LODR) Regulations, 2015, now the appointment of Secretarial Auditor of the Company is required to be approved by the shareholders. The said appointment of Secretarial Auditors should be as per the provisions of Regulation 24A of the SEBI (LODR) Regulations, 2015 as amended from time to time and provisions of Section 204 of the Companies Act, 2013 and Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. In this regard, the Board of Directors have on the recommendation of the Audit & Ethics Committee and after due evaluation, has recommended the appointment of M/s Amit Agrawal & Associates, Practising Company Secretaries, a peer reviewed firm, as Secretarial Auditors of the Company for a term of five consecutive years commencing from FY 2025-26 till FY 2029-30. The appointment of Secretarial Auditor is subject to approval of the Shareholders.

A copy of the annual return is placed on the website of the company at www.concorindia.co.in. In addition, statement pursuant to Section 129 of the Companies Act, 2013 (AOC-1) relating to Subsidiary Companies and Joint Ventures is as per Annexure-G.

During the year, your Company has not made any investment into its subsidiary.

The particulars of investments in Joint Venture/Subsidiary Companies as on 31.03.2025 have been provided in the Financial Statements of the year 2024-25. There are no loans outstanding from the Joint Venture and Subsidiary Companies. In CONCOR, there was no instance of one-time settlement for any loan from the Bank(s)/Financial Institution(s) during the year.

Your Company has not accepted any deposits from public as envisaged under Sections 73 to 76 of Companies Act, 2013 read with Companies (Acceptance of Deposit) Rules, 2014.

The Company’s credit rating for the Long term Non-Fund based Bank Facilities (Rs.800 crore) and Issuer Rating, as assigned by M/s ICRA Limited is [ICRA] AAA (Stable).

The details of application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 with their status, are as under:

i) Claims against the Company:

There are no cases filed against the Company with National Company Law Tribunal (NCLT) in which claim has been made.

Two parties namely M/s. RCI Industries & Technology (Claim amount NIL) & M/s Asset Reconstruction Company (India) Ltd (Claim amount-yet to be received), filed cases in which CONCOR is not the main respondent. As per company’s assessment, no liability in these cases is being envisaged.

ii) Claims by the Company:

There are no cases filed by the Company with National Company Law Tribunal (NCLT) in which claim has been made.

There have been no material changes & commitments affecting the financial position of the Company, which have occurred between the end of the financial year and date of this report.

Container Corporation of India Ltd. (CONCOR) complies with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013and an Internal Compliant Committee has been constituted under the Act.

Container Corporation of India Ltd. (CONCOR) prohibits any kind of Act of Sexual Harassment at Work Place and included the acts amounting to Sexual Harassment at Workplace in its Conduct Rules and Certified Standing Orders and Discipline & Appeal Rules so as to prohibit any such Act. CONCOR has an Internal Complaints Committee to receive and investigate complaints related to "Sexual harassment at workplace" following the guidelines issued by Hon'ble Supreme Court of India in "Visakha Vs. State of Rajasthan".

The ‘Internal Complaints Committee’ consists of four members at the senior level including one external female member. CONCOR has 159 female employees out of total 1256 employees (excluding deputationists). The company has created a conducive work environment free from any kind of harassment and details for the year 2024-25 are as below:

Pursuant to provisions of Regulation 17(8) of the SEBI (LODR) Regulations, certificate for the year under review from Shri Sanjay Swarup, Chairman and Managing Director, Shri Anurag Kapil, Director (Finance) and Shri Harish Chandra, Principal Executive Director (Finance) & CS & CFO was placed before the Board of Directors of the Company at its meeting held on 22.05.2025. A copy of the said certificate on the financial statements for the financial year ended 31^st March, 2025 is as per Annexure-H.

BUSINESS RESPONSIBILITY & SUSTAINABILITY REPORT (BRSR):

In terms of SEBI (LODR) Regulations, for describing the initiatives taken by the companies from Environmental, Social and Governance (ESG) perspective, it has been mandated that the top 1,000 listed entities, based on market capitalisation to include Business Responsibility & Sustainability Report (BRSR) as part of the Annual Report. SEBI has provided the format for BRSR reporting in which it has elaborated a disclosure framework mapping Company's performance on the nine Principles and Core elements. In this respect, a brief of actions on the ESG front along with Business Responsibility & Sustainability Report are at Annexure-I and Annexure-J respectively.

SEBI vide its circular SEBI/HO/CFD/CFD-SEC-2/P/CIR/2023/122 dated 12.07.2023, has mandated top 150 companies on the basis of market capitalisation to obtain a reasonable assurance on BRSR Core. Accordingly, your Company has obtained the required certificate of Reasonable Assurance from M/s The Energy and Resources Institute (TERI) and a copy of the same is placed at Annexure-K.

The Code of Conduct has been laid down for the Board Members and senior management. A copy of the same is available on the website of the Company.

Based on the affirmation received from Board Members and Senior Management Personnel, it is hereby declared that all the members of the Board and Senior Management Personnel have affirmed compliance of Code of Conduct for the financial year ended on 31.03.2025.

Your Directors place on record their appreciation for the esteemed Shareholders, Institutions, State Governments where Company operates or is planning to expand its business and all other agencies for reposing their faith, trust and confidence in the Company.

Your Directors express their gratitude for co-operation, support and guidance provided by Government of India, in particular the Ministry of Railways, Customs, Ports and above all the customers who have continued to patronize the services provided by your Company.

Your Directors appreciate and acknowledge the suggestions received from Auditors and Comptroller &Auditor General of India and are grateful for their consistent support and help.

Your Directors would like to place on record its deep and sincere appreciation for the dedication, valuable contribution and focused efforts by the ‘Team CONCOR’ for the excellent performance during the year and they are looking forward with confidence and commitment for a rewarding future ahead for all stakeholders.