Respected Members,

I extend my heartfelt greetings to all of you on behalf of myself and the Board of Directors for your gracious presence at the 66th Annual General Meeting of our Bank. It gives me immense pride and satisfaction to present before you the Annual Report and Financial Statements for the financial year 2024–25.

Our Bank was established in 1960 under the visionary leadership of our founder, guide, and former MLA, Late Dr. Appasaheb urf Sa. Re. Patil. Under his guidance, over the past six decades, the Bank has built a strong operational base across Maharashtra, Karnataka, and particularly in the Belagavi district. Strengthening the philosophy of cooperation, the Bank has continuously supported the economic empowerment of the common people by providing sustained credit for agriculture, trade, and industrial development in rural areas.

Today, under the able guidance of Sahakarmaharshi Udyanpandi t Shr i Ganpatrao Appasaheb Patil (Dada), Chairman of Shri Datt Shetkari Sahakari Sakhar Karkhana Ltd., Shirol, our Bank has earned recognition as a reputed Multi-State Cooperative Bank through the effective use of modern technology. Expansion efforts are ongoing, Bank has opened its 19th Branch at Athani in state of Karnataka & going to open its 20th branch at Kagwad in Karnataka State, futher we firmly committed to accelerating business growth by opening additional branches in the near future.

During the reporting year, the Bank achieved a business turnover of Rs. 712 crore through 18 branches, with a goal to increase composite business to Rs. 1,000 crore within the next two years. Deposits stood at Rs. 465 crore and advances at Rs. 247 crore, aimed at positively transforming the lives of our members by providing credit for agriculture, industry, and personal purposes at reasonable interest rates tailored to their varied needs. As part of our social commitment, the Bank has undertaken initiatives to improve 7,000 acres of saline-affected land in Bubnal, Alas, Ganeshwadi, Arjunwad, Shedshal, Danoli, Kavathe Sar, Herwad, Shirol, Ghalwad, and Majarewadi villages of Shirol Taluka, and to bring 300 acres in Jambhli, Nandani, Kondigre, and Yadrav villages under drip irrigation through credit support.

In the digital era, the secure management of customers' financial transactions remains our foremost priority. The Bank has implemented all cyber security standards recommended by the RBI, including advanced firewalls, real-time monitoring, data encryption, and multi-factor authentication systems. Regular cyber security training sessions are conducted for employees, and preventive controls have been established to mitigate potential threats. These measures ensure that all transactions remain secure, reliable, and transparent.

To provide customers with faster and more convenient banking services, our systems have been integrated with UPI, Google Pay, PhonePe, and other modern digital payment platforms. By extending digital banking services to rural areas, we have ensured that transactions are swift, costeffective, and secure, significantly increasing engagement among younger, technologysavvy customers.

A strategic branch expansion plan has been formulated to drive the Bank's long-term business growth. Following the successful launch of Bedkihal and Shirguppi branches, we plan to establish additional branches in the near future to further strengthen our presence in both rural and urban areas. This will provide members and customers with access to highquality banking services at convenient locations, while ensuring sustained business growth and revenue enhancement.

Our Bank has been classified by the Reserve Bank of India as Financially Sound and Well Managed (FSWM), having met all regulatory benchmarks under this category. With a robust capital position, effective risk management, consistent profitability, and full regulatory compliance, our Bank's credibility has been further strengthened. This recognition enhances customer confidence and provides a solid foundation for future business expansion.

All these achievements are a testament to the unwavering support and trust of our members, depositors, customers, borrowers, well-wishers, and dedicated staff. I take great pride in our collective efforts to maintain effective control over non-performing assets (NPAs).

On behalf of the Board of Directors, I extend my sincere gratitude to each one of you. With your continued support and trust, the bank will sustain its growth trajectory. On behalf of the Board, I present the 2024–2025 Balance Sheet, Profit and Loss Account, Budget, and Profit Appropriation for members' approval.

— Shri Suresh Bhupal Patil, Chairman