We wish to inform you that 78th Annual General Meeting of the Company is scheduled to be held on 28th September, 2026 (Monday) at 11:30 AM at the registered office of the Company

SHERVIANNDIU STRIAL SYNDICATELIMITED DatSee:p te0m1b2,e0 r2 6 LisDteipnagr tment BSLEi mited PhirJoezeej eTeobwheorys DalSatlrF eoertt, Mumbai0-0410 0 BSSEc rCiopd5 e2:6 117 DeaSri r/Madam, SubN:o toif7c t8ehA nnuGaeln eMreaelta innAdgn nuRaelp foortrthf ei naynec2ai0ra2 l5 -26 PurstuoRa engtu l3a4t(oi1fto) hn Se E (BLIi sOtbilnigga antDdii osncslR oesquurier eRmeegnutlsa)t ions, 201N5o,t oif7c t8ehA nnuGaeln eMreaelta innAdgn nuRaelp ooftr htCe o mpafnotyrh, fe i naynecaira l 2025a-rb2ee6 i snegtn htr oeulgehc tmroodtneoai ltclh m ee mbewrhsoe s-em aadidlr iersse sg istered witthhCe o mp/aC noympaRneyg'isas ntTdrr aarnA sgfe/enD rte posPiatrotriyc Dieppaonstist/o ries. Furtphuerrs,tu oRa engtu l3a6t(i1oo)ftn(h Sbee) c uarniEdtx icehsBa onagorefId n d(iLai sOtbilnigg ations anDdi sclRoesquurier eRmeegnutlsa2)t0 i1ao5l n,es tp,tr eorv tihdweie nbg- olfti hnAekn nuRaelpi osr t albseoi snegtn ott h omseem bewrhhsoa vneor te gisttheeeri-ermda a didlr weisttshhC e o mpany/RTA. CopoyAf n nuRaelpi oasrv ta iolnta hbCelo em pawneyb'sasith ttt pes ://shcemor/vaaunannli-irned.p. orts/ Thiifsso y ro iunrf oramnardte icoonr ds. Thanykoiun.g Youfrasi thfully, FoSrh erva ited CompSaencyr e Encalsa. b ove RegOdf f:i2 cK ea npRuora Pdr,a yagraj-U2.1P1-0l0n1d,i a Phon:e+ s91-532-24+39619-2773,1 11I2F 8a:1x+ 1951 -532-2436928 SHERVANI INDUSTRIAL S Y N D I C A T E L I M I T E D ANNUAL REPORT 2025-2026 BOARD OF DIRECTORS Annual Report EXECUTIVE CHAIRMAN Mr. Saleem Iqbal Shervani 2025-2026 MANAGING DIRECTOR Mr. Mustafa Rashid Shervani DIRECTORS Ms. Aradhika Chopra Mr. Kartik Singhal Dr. Tarana Husain Khan CONTENTS CHIEF FINANCIAL OFFICER Mr. Tahir Hasan NOTICE OF AGM 2 COMPANY SECRETARY DIRECTORS' REPORT 16 Mr. Shrawan Kumar Shukla CORPORATE GOVERNANCE REPORT 30 AUDITORS INDEPENDENT AUDITORS' REPORT 42 M/s P. L. Tandon & Co. Chartered Accountants, BALANCE SHEET 49 Kanpur STATEMENT OF PROFIT AND LOSS 51 CASH FLOW STATEMENT 53 BANKERS State Bank of India NOTES 54 Union Bank of India CONSOLIDATED INDEPENDENT AUDITORS’ REPORT 86 REGISTERED OFFICE 2, Kanpur Road, CONSOLIDATED BALANCE SHEET 91 Prayagraj, Uttar Pradesh, CONSOLIDATED STATEMENT OF India - 211001 PROFIT AND LOSS 93 CONSOLIDATED CASH FLOW STATEMENT 95 CONSOLIDATED NOTES 96 78TH ANNUAL REPORT (2025-2026) NOTICE OF AGM NOTICE is hereby given that the Seventy Eighth Annual Directors of the Company, based upon the General Meeting of the Members of Shervani Industrial recommendation of Nomination and Remuneration Syndicate Limited will be held on Monday, 28th September, Committee, as an Additional Director of the Company 2026 at 11:30 A.M. at the Registered Office of the Company with effect from 6th August, 2026 and who holds office at 2, Kanpur Road, Prayagraj-211001 (U.P.) to transact the upto the date of the ensuing Annual General Meeting following business: pursuant to the provisions of Section 161 and other applicable provisions, if any, of the Companies Act, 2013 ORDINARY BUSINESS: (“the Act”) and the Rules made thereunder and 1. To receive, consider and adopt: applicable provisions of the SEBI (Listing Obligations a) the Audited Standalone Financial Statements of and Disclosure Requirements) Regulations, 2015 the Company for the Financial Year ended 31st (“Listing Regulations”) (including any modification(s) March, 2026 together with the Reports of the Board and re-enactment(s) thereof for the time being in force) of Directors and Auditors thereon; and read with Articles of Association of the Company, and b) the Audited Consolidated Financial Statements of who is eligible for appointment and has consented to act the Company for the Financial Year ended 31st as Director of the Company and in respect of whom the Company has received a notice in writing from a March, 2026 and the Report of the Auditors Member under Section 160(1) of the Act proposing his thereon. candidature for the office of Director of the Company, be 2. To declare dividend for the financial year ended 31st and is hereby appointed as a Director of the Company, March, 2026. liable to retire by rotation.” 3. To appoint a director in place of Mr. Saleem Iqbal “RESOLVED FURTHER THAT Mr. Shrawan Kumar Shervani (DIN: 00023909) who retires by rotation and Shukla, the Company Secretary of the Company be and being eligible, offers himself for re-appointment. is hereby authorised to do all such acts, deeds, matters SPECIAL BUSINESS and things as may be necessary, desirable or expedient 4. To ratify the remuneration of the Cost Auditors for the to give effect to this resolution.” financial year ending 31st March, 2027 and in this 6. To approve the appointment of Mr. Bal Krishna Misra regard, to consider and, if thought fit, to pass, with or (DIN:02125239) as Whole-time Director designated as without modification(s), the following resolution as an Executive Director of the Company and in this regard to Ordinary Resolution: consider and, if thought fit, to pass, with or without “RESOLVED THAT pursuant to the provisions of Section modification(s), the following resolution as a Special 148(3) and other applicable provisions, if any, of the Resolution: Companies Act, 2013 (“Act”) read with Companies “RESOLVED THAT pursuant to provisions of Section (Audit and Auditors) Rules, 2014 (including any 196, 197 and other applicable provisions, if any, of the statutory modification(s) or re-enactment(s) thereof for Companies Act, 2013 (“the Act”) read with Schedule V to the time being in force), the remuneration payable to the said Act and the Companies (Appointment and M/s. Shishir Jaiswal And Co., Cost Accountants having Remuneration of Managerial Personnel) Rules, 2014, Firm Registration No. 102450, appointed by the Board of SEBI (Listing Obligations and Disclosure Directors of the Company as Cost Auditors to conduct Requirements) Regulations, 2015 (“Listing the audit of the Cost Records of the Company for the Regulations”) (including any statutory modification(s) or financial year ending 31st March, 2027 amounting to Rs. re-enactment thereof for the time being in force), based 40,000/- (Rupees Forty Thousand Only) per year plus upon the recommendation of Nomination and taxes as applicable and re-imbursement of actual travel / Remuneration Committee and Board of Directors of the conveyance and out of pocket expenses incurred in Company, the consent of the Members of the Company connection with the aforesaid audit, as recommended be and is hereby accorded for appointment of Mr. Bal by the Audit Committee and approved by the Board of Krishna Misra (DIN: 02125239) as a Whole-time Directors of the Company, be and is hereby ratified and Director designated as Executive Director to look after confirmed.” the Finance, Accounts, Taxation and other Corporate Affairs of the Company for a period of 5 (Five) years with 5. To regularize the appointment of Mr. Bal Krishna Misra effect from 06th August, 2026 subject to his office liable (DIN:02125239) who was appointed as an Additional to retire by rotation on the following terms and conditions Director of the Company and in this regard to consider including those relating to remuneration as set out and, if thought fit, to pass, with or without hereunder which have been approved by the Board of modification(s), the following resolution as an Ordinary Directors of the Company on the recommendation of the Resolution: Nomination & Remuneration Committee for a period of 3 “RESOLVED THAT Mr. Bal Krishna Misra [DIN: (Three) years: 02125239], who was appointed by the Board of Shervani Industrial Syndicate Limited 2 78TH ANNUAL REPORT (2025-2026) NOTICE OF AGM A) SALARY: 2. The Company shall provide a Mobile phone to the Basic Salary Rs. 50,000/- (Rupees Fifty Thousand only) Whole-time Director. Use of Company's mobile for per month to be increased upto maximum of Rs. official purpose, shall not be included in the computation 1,50,000/-. of perquisites. B) PERQUISITES AND ALLOWANCES: RESOLVED FURTHER THAT where in any financial year du [Showing first 8,000 characters — download PDF for full document]