Dear Stakeholders,

On behalf of the Board of Directors, it is pleasure to present the 16^th annual report of Tinna Trade Limited, for the financial year ended 31^st March, 2024.

In and upto FY24, the company's primary activity has been in trading agricultural commodities. The agricultural commodities trading business has become more volatile and challenging over past 2-3 years due to heightened political and economic risk across the globe. The uncertainty caused to due global conflicts the Russian invasion of Ukraine, and escalating tension between Iran and Israel, Etc has directly resulted in very volatile markets making trading activity extremely difficult. Due to such challenging circumstances, , the company reduced its trading activity which resulted in lower sales in FY24. However, I am pleased to inform that company made a small profit in fy24 due to the dedicated work done by our team whose primary focus was to protect Captial in these very uncertain times.. It is for these reasons and with support of our shareholders decided to acquire 100% stake in fratelli wines Ltd. The company had been looking for a while for an alternate business which bets on the India growth story.

In FY25, we got an opportunity to acquire Fratelli wines Ltd., which is India's finest wine makers and the second largest Indian wine business. The Board approved this strategic and transformative decision in the business model of the company, with the acquisition of Fratelli Wines. In light of this move, It is our intent to progressively wind down the trading operations of trading in

ABOUT THE COMPANY

Tinna Trade Limited (renamed as Fratelli Vineyards Limited) during FY2025, in compliance with regulatory and legal requirements) was set up in 2009 and is a part of the well-diversified TINNA GROUP of Companies, established four decades ago. Under the leadership of Promoter Director Mr. Gaurav Sekhri, the Company has been involved in the trading of Agri. and Non-Agri. products. The Company deals majorly in:

The Company has played a leading role in bringing agricultural produce directly from producers to end users. In a short period of time, the Company, has carved an important place in agri-business and has consistently delivered outstanding performance.

Under a Board approved process initiated during the year under review, the Company has acquired Fratelli Wines Private Limited, as wholly owned subsidiary, engaged in manufacturing, bottling, marketing, importing, selling and distributing wines (hereinafter referred to as 'Product') in India. Fratelli Wines is one of India's finest wine making company and the second largest Indian wine business.