Enclosed is the Annual Secretarial Compliance Report for the financial year ended 31-Mar-2025

Valson Industries filed its Annual Secretarial Compliance Report for FY2024-25 with BSE on June 18, 2025, after a delay of 18 days, which the company attributes to the peer review process of the practicing company secretary M/s. P. C. Shah & Co. The company has requested BSE not to levy any penalty for the delay. The report confirms that for FY2024-25, the company is broadly compliant with SEBI regulations: no new non-compliances were observed, no actions were taken by SEBI or stock exchanges during the year, and all applicable policies, secretarial standards, and disclosures are in order. However, the report highlights five unresolved historical non-compliances from FY2019 to FY2023, all relating to the non-appointment of a Company Secretary as Compliance Officer. BSE imposed fines of approximately Rs. 92,000, Rs. 90,000, Rs. 71,000, Rs. 92,000, and Rs. 59,000 (each plus 18% GST) and froze the shares of all promoters. The company's waiver requests have been rejected by BSE, and fines remain unpaid.