Notice of 39th Annual General Meeting of the company to be held on Saturday, September 26, 2026 along with Annual Report for the Financial Year ended as on March 31, 2026.

(Formerly known as Pooja Entertainment and Films Limited) To, Date: 01-09-2026 BSE Limited Phiroze Jeejeebhoy Towers, Rotunda Bldg, Dalal Street, Fort, Mumbai– 400 001 Dear Sir/ Ma’am, SUB: SUBMISSION OF ANNUAL REPORT FOR THE FINANCIAL YEAR 2025-26 REF: SCRIP ID: POOJAENT, SCRIP CODE: 532011 & ISIN: INE147C01017 Dear Sir/ Ma’am, Pursuant to the provisions of Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, kindly find enclosed h/w the copy of Annual Report of the Company for the Financial Year 2025-26 along with Notice of AGM. This is for the information of the Exchange and members thereof. You are requested to take same on record. Thanking You, Yours Sincerely, For Vashu Bhagnani Industries Limited Shweta Ramesh Soni Company Secretary & Compliance Officer Enclosed: A/a CIN: L68100MH1986PLC040559 Regd. Off. : Flat No 1 Coelho House No 2 Juhu Vasant Bahar CHS LTD Juhu Tara Road, Juhu, Near Sea Princes Hotel, Mumbai 400049 Email: cs@poojaentertainment.in|Tel. No.: 9096796404 Website: http://vashubhagnaniindustries.com 39th Annual Report 2025-2026 Vashu Bhagnani Industries Limited 1 | P age 39th Annual Report 2025-2026 CONTENTS Particulars Page No. Corporate Information 3 Overview of Company 5 Notice & Boards’ Report 6 Report on Corporate Governance 36 Management Discussion & Analysis Report Standalone Auditors’ Report 71 Standalone Balance Sheet 82 Standalone Statement of Profit & Loss 83 Standalone Cash Flow Statement 84 Notes on Standalone Financial Statements Consolidated Auditors’ Report 107 Consolidated Balance Sheet 114 Consolidated Statement of Profit & Loss 115 Consolidated Cash Flow Statement 116 Notes on Consolidated Financial Statements 2 | P age Vashu Bhagnani Industries Limited 39th Annual Report 2025-2026 CORPORATE INFORMATION Board of Directors and Key Managerial Personnel Mrs. Puja Vashu Bhagnani Managing Director Mr. Vashu Lilaram Bhagnani Non-Executive Director Mrs. Deepshikha Deshmukh Non-Executive Director Mr. Narendrakumar Badrinarayan Patel Independent Director Ms. Kavita Hitesh Jain Independent Director Mr. Ashish Radheyshyam Goyal Independent Director Mr. Omkar Dronacharya Pathak Chief Financial Officer Ms. Shweta Ramesh Soni Company Secretary & Compliance Officer COMMITTEES Audit Committee Nomination and Remuneration Committee Mr. Narendrakumar Badrinarayan Patel Ms. Kavita Hitesh Jain Ms. Kavita Hitesh Jain Mr. Narendrakumar Badrinarayan Patel Mrs. Deepshikha Deshmukh Mrs. Deepshikha Deshmukh Stakeholder Relationship Committee Corporate Social Responsibility Committee Ms. Kavita Hitesh Jain Mr. Narendrakumar Badrinarayan Patel Mrs. Deepshikha Deshmukh Ms. Kavita Hitesh Jain Mr. Narendrakumar Badrinarayan Patel Mrs. Deepshikha Deshmukh BANKERS Bank of Baroda Union Bank of India Dr. Ambedkar Road, Dr Ambedkar Road Hill Queen, Pali Hill, Hill Queen, Pali Hill, Dr. Ambedkar Road, Dr. Ambedkar Road, Bandra (West), Bandra (West), Mumbai - 400052 Mumbai - 400052 AUDITORS Statutory Auditor Internal Auditor Secretarial Auditor M/s D S M R & Co. M/s. Manish R. Mehta & Associates M/s B.K. Pradhan & Associates Chartered Accountants Chartered Accountants Practising Company Secretaries (Resigned on August 13, 2026) Vashu Bhagnani Industries Limited 3 | P age 39th Annual Report 2025-2026 REGISTERED OFFICE REGISTRAR & SHARE TRANSFER AGENTS Vashu Bhagnani Industries Limited Bigshare Services Private Limited 1, Coelho House No 2, Juhu Vasant Baha Office No: S6-2, 6th Floor, Pinnacle Business CHS Ltd, Juhu Tara Road, Juhu, Near Sea Park, Next to Ahura Centre, Mahakali Caves, Princes Hotel, Juhu, Mumbai - 400049 Road, Andheri East, Mumbai- 400093 Email: cs@poojaentertainment.in Tel: 022-62638200 Fax: 022-62638299 Website: www.vashubhagnaniindustries.com Email Id: investor@bigshareonline.com CIN No.: L68100MH1986PLC040559 EQUITY SHARES LISTING Bombay Stock Exchange Limited (BSE Limited) Security Code: 532011 4 | P age Vashu Bhagnani Industries Limited 39th Annual Report 2025-2026 OVERVIEW OF COMPANY Vashu Bhagnani Industries Limited (“VBIL”) (Formerly known as Pooja Entertainment and Films Limited) is an established and growing player in India’s Media and Entertainment industry, with a longstanding presence in film production, content creation and allied entertainment activities. Over the years, the Company has built a recognised presence in the industry through its involvement in the development, production and distribution of motion pictures and other forms of entertainment content. Since its inception, the Company has remained focused on creating and delivering commercially viable and engaging content for audiences across different segments. With experience spanning content development, production and distribution, VBIL has progressively evolved its business operations to build an integrated entertainment platform. The Company continues to leverage its creative capabilities, industry relationships, content library and distribution network to strengthen its position in the evolving Media and Entertainment landscape. During the year under review, the Company continued to focus on strengthening its core business operations while exploring opportunities for diversification and long-term growth. The Company has been adopting a forward-looking approach towards expanding its operational capabilities, enhancing its content portfolio and exploring opportunities arising from the increasing adoption of digital and streaming platforms. These initiatives are aimed at creating a more diversified and resilient business model while enabling the Company to respond effectively to changing consumer preferences and developments within the entertainment industry. The Company also continues to place emphasis on strengthening its operational and financial foundation, supported by its experienced management team, creative and technical resources and established industry relationships. Through these capabilities, VBIL seeks to build a sustainable, scalable and future-ready business with a continued focus on value creation for its stakeholders. During FY 2025–26, the Company, along with Pooja Leisure and Lifestyle, pooled its expertise and resources towards undertaking the development of a multi-storey premium residential project, namely “POOJA LUMINAIRE”, situated at Juhu, Mumbai. The project represents an initiative towards leveraging the Company's experience and capabilities in the construction and real estate development space and is envisioned to offer premium residential spaces in one of Mumbai’s prominent and sought-after localities. The development is aimed at combining contemporary design, quality construction and modern lifestyle requirements, thereby creating a distinctive residential offering in the city. The development of “POOJA LUMINAIRE” also reflects the Company's broader approach of identifying opportunities that complement its existing capabilities and contribute towards diversification of its business activities. The Company intends to continue evaluating opportunities across complementary sectors while maintaining a disciplined and strategic approach towards deployment of its resources. During FY 2025–26, the revenue generated by the Company was derived from its regular and ordinary business activities. The Company did not undertake any special, one-time or extraordinary projects during the year, and its operations during the period continued to be carried out in the ordinary course of its business. The Company remained focused on its established business activities while continuing to evaluate opportunities for sustainable growth and expansion. Going forward, VBIL remains committed to strengthening its presence in the Media and Entertainment sector, enhancing its creative and operational capabilities and selectively pursuing opportunities in allied and complementary businesses. With its industry experience, established relationships, growing capabilities and forward-looking strategy, the Company aims [Showing first 8,000 characters — download PDF for full document]