Dear Stakeholders,

With a timeless ambition to enrich lives through responsible businesses and institutions, we move ahead into the new fiscal year. While being conscious to the needs of the society, having faith in the potential of our people, we, at CTIL, aim to drive small and large initiatives helping communities and ecosystems, nurturing the humane elements through work. Staging a significant responsibility of being a “Force for Good”, under the leadership and policies of ABG, we understand the unique needs and aspirations of employees and their families, who make our society. As we steer our way on the evolving landscape of ESG considerations, CTIL remains dedicated to composing a culture of responsibility and innovation, across its operations.

The last year saw, our sustainability journey highlighted by significant developments primarily aimed at aligning our HR systems, processes, and structures with the values and standards of ABG. Through this, we diligently redesigned job functions and implemented scientific job evaluations to ensure accurate role allocations to improve satisfaction of the employee and improve skill-based efficacy at work. As we seek to optimise our operational efficiency and nurture a dynamic and agile workforce of total 7,708 employees and workers, specific transformation was essential. It is important to understand the imperatives to modernise, grow, develop, create awareness and to make people feel that they are transforming with the need of time and augmenting their

quality of life. That is what gives them the gratification in life and work, overall.

With a dedication to enhance gender, regional, and professional diversity within our Company we are fostering a diverse and inclusive culture at work. Through targeted recruitment practices and the creation of cross-functional teams, we empower our employees to thrive in varied environments that encourage relationships and improvements across a spectrum of possibilities, giving them a rewarding experience. Not all is work at CTIL, employee engagement through a robust calendar of engagement activities and festival celebrations are regular affairs.

Furthermore, we are proud of our initiatives at CTIL to promote employee health and well-being. Our pioneering ‘Making Individuals and Teams Resilient (MITR)’ programme focuses on mental wellness and has received accolades across the ABG Group. With the intention to offer immersive mental health, we are merging well-being into productivity developments. We have successful pilot initiatives underway within our Pulp and Paper segment. When people learn on job, they feel more confident at work and ready even for the world outside, creating lasting value for employees. This makes learning and development an essential component of our people approach as we desire to give them to take-away beyond their tenure at CTIL. Our expanded ‘Gyanodaya’ learning programme equips our workforce with the skills and knowledge needed to thrive in a rapidly evolving industry landscape. We are also going to initiate a full-cycle talent management process to nurture our leadership pipelined this year.

At CTIL, we have formulated our human rights policy which considers the rights of all stakeholders, including value chain partners and communities surrounding us. We remain unbendable in our chase to excellence in sustainability.

Our sustainability efforts are not only a reflection of our dedication to responsible business practices but also a demonstration of our devotion to our employee well-being.

Enabling and nurturing our own people can only be a win-win for all, uncontestably. Together with our employees, we will continue to drive meaningful change and set new benchmarks for the business in the new year.

I thank our entire workforce for being patient with us and assist us in taking the legacy of CTIL forward on inspiring trails of growth.

Sincerely,

Vinod Chaturvedi

Chief Human Resource Officer