We are pleased to share Annual Report 25-26 of Company.

September 01, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai –400001 SCRIP CODE: 542721 Dear Sir / Madam, Sub: Annual Report of the Company for the year ended on 31st March, 2026 Pursuant to Regulation 34(1) of SEBI (Listing Obligations and Disclosures Requirements), Regulations, 2015, we are enclosing herewith Annual Report of the company for the financial year 2025-26 and is also available on the website of the company at: https://www.anandrayons.com/upload/annual%20report/Annual%20report%202025-26.pdf Kindly take the same on your record. Yours faithfully, For ANAND RAYONS LIMITED VARSHA MAHESHWARI (Company Secretary and Compliance Officer) CORPORATE INFORMATION Board Composition Bankers HDFC Bank Mr. Anand Bakshi ICICI Bank (Chairman cum Managing Director) Mrs. Shilpa Bakshi (Whole time Director) Mrs. Jigisha Chorawala 8th ANNUAL GENERAL (Non-Executive Director) MEETING Mr. Nilesh Bodiwala Date: 24th September, 2026 (Non-Executive Independent Director) Time: 3:00 P.M. Mr. Anil Merchant Mode: Through Video (Non-Executive Independent Director) Conferencing ("VC") / Other Mr. Pankesh Patel Audio-Visual Means ("OAVM") (Non- Executive Independent Director) Mr. Chetan Desai (Chief Financial Officer) Mrs. Varsha Maheshwari (Company Secretary & Compliance Officer) Registrar & Share Transfer Agent Auditors Bigshare Services Private Limited Office No S6-2, 6 Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves 1)Statutory auditors Road, Andheri (East) Mumbai – 400093 M/s M.R. Bombaywala & Co. Tel No.: 022 62638200, (Chartered Accountants, Surat) Fax No: 022 62638299 Email Id: 2) Internal Auditors bssahd@bigshareonline.com M/s Sutarwala & Associates Website: (Chartered Accountants, Surat) www.bigshareonline.com 3) Secretarial Auditors Registered Office 305-306, Jay Sagar Complex, M/s Jitendrakumar Rewashankar Rawal Opp. Sub Jail, Khatodara, Surat (Practicing Company Secretaries, Surat) 395002 Tel No : +91-261- 2635521 Email:anandrayonsltd@gmail.com, cs@anandrayons.com Web Site: www.anandrayons.com Annual Report 2025-26 1 CHAIRMAN’S MESSAGE Dear Members, It gives me immense pleasure to present the Annual Report of Company for the financial year ended March 31, 2026. The year under review was marked by both opportunities and challenges in the business environment. Despite economic uncertainties and market fluctuations, the Company remained focused on its strategic objectives, operational excellence, and sustainable growth. Through the collective efforts of our management team, employees, business partners, and stakeholders, we have continued to strengthen our market position and deliver value to our shareholders. During the year, the Company maintained its commitment to improving operational efficiencies, enhancing customer satisfaction, and pursuing growth opportunities. We continued to invest in strengthening our business processes, expanding our capabilities, and adopting innovative approaches to meet evolving market demands. The Board of Directors and management remain committed to maintaining the highest standards of corporate governance, transparency, and ethical business practices. We believe that sound governance is fundamental to long-term value creation and sustainable business success. On behalf of the Board, I would like to express my sincere gratitude to our shareholders for their continued trust and confidence in the Company. I also extend my appreciation to our customers, suppliers, bankers, regulatory authorities, and business associates for their unwavering support. Most importantly, I thank our employees for their dedication, hard work, and commitment, which continue to drive the Company's achievements. Thank you for your continued support and trust in Anand Rayons Limited. Sd/- Mr. Anand Bakshi (Chairman) Annual Report 2025-26 2 INDEX OF CONTENTS Sr. No. Contents Page No. 1 Notice of Annual General Meeting 4-23 2 Board’s Report 24-35 3 Annexures of Board’s Report 36-66 4 Corporate Governance Report 36-51 5 Other Certificates 52-54 6 Secretarial Audit Report 55-58 7 Management Discussion & Analysis Report 61-65 8 Statutory audit report along with financial statements 66-121 and schedules Annual Report 2025-26 3 NOTICE OF 8TH ANNUAL GENERAL MEETING NOTICE is hereby given that the 8th Annual General Meeting of the Company will be held on Thursday 24th September, 2026 at 03.00 P.M. through Video Conferencing ("VC") / Other Audio-Visual Means ("OAVM") to transact the following business: Ordinary Business 1. To receive, consider and adopt the Financial Statements of the company including Audited Balance Sheet as at March 31, 2026, the statement of Profit & Loss Account for the financial year ended as on the date and the Cash flow Statement together with the report of the Board of Directors & Report of Auditors thereon. 2. To re-appoint a director in place of Mrs. Jigisha Chorawala (DIN: 10820203), who retires by rotation and being eligible, offers herself for re-appointment. Special Business 3. Re-appointment of Mr. Anil merchant, (DIN: 09414010) as an Independent Director of the Company for a second term of 5 (five) consecutive years To consider and if thought fit, to pass the following resolution as a Special Resolution: RESOLVED THAT pursuant to the provisions of Sections 149, 150, 152 and other applicable provisions, if any, of the Companies Act, 2013, and the Companies (Appointment & Qualification of Directors) Rules, 2014, read with Schedule IV to the said Act, and Regulation 17, 25 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Articles of Association of the Company, as amended from time to time, and based on the recommendation of the Nomination and Remuneration Committee and Board of Directors of the Company, Mr. Anil merchant, (DIN: 09414010), who has submitted a declaration that he meets the criteria prescribed for Independent Directors under Section 149(6) of the Companies Act, 2013 and applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, be and is hereby re-appointed as an Independent Director of the Company (whose directorship is not liable to retirement by rotation), to hold office for a second term of five consecutive years, with effect from December 01, 2026 in respect of whom the Company has received a notice in writing under Section 160 of the Companies Act, 2013 from a member proposing his candidature for the office of Director. RESOLVED FURTHER THAT the Board of Directors of the Company be and are hereby authorised to do all such acts, deeds and things and execute all such documents, instruments, and writings as may be required to give effect to the aforesaid resolution. Annual Report 2025-26 4 4. Re-appointment of Mr. Anand Bakshi (DIN: 01942639) as a Managing Director for a term of 2 (two) consecutive years To consider and, if thought fit, pass the following resolution as an Ordinary Resolution: RESOLVED THAT in accordance with the provisions of Sections 196, 197, 198, 203 and all other applicable provisions of the Companies Act, 2013 read with Schedule V of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended and rules made thereunder, (including any statutory modification(s) or re-enactment thereof, for the time being in force) approval of the Members of the Company be and is hereby accorded for re-appointment of Mr. Anand Bakshi (DIN: 01942639) as Managing Director of the Company for a period of 2 (Two) years with effect from 20th September, 2026 on the terms and conditions including remuneration as set out in the explanatory statement annexed to the Notice convening this meeting, with liberty to the Board of Directors to alter and vary the terms and conditions of the said re-appointmen [Showing first 8,000 characters — download PDF for full document]