Record Date

September 01, 2026 The Manager, The Secretary Listing Department, BSE Limited National Stock Exchange of India Ltd. 25th Floor, New Trading Ring, Rotunda “Exchange Plaza”, C-1, Block G, Building, PhirozeJeejeebhoy Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai – 400 051 Mumbai – 400 001 Scrip Code: HPL Scrip Code: 540136 Sub: Annual Report for FY 2025-26 alongwith Notice of the 34th Annual General Meeting, and Record Date Dear Sir/Ma’am, Pursuant to Regulations 30, 34, 42 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we hereby intimate as under: 1. The 34th Annual General Meeting (AGM) of the Company will be held on Thursday, September 24, 2026 at 11:30 A.M. (IST) through video conferencing/ Other Audio Visual Means in accordance with relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India ('Circulars'); 2. In terms of aforesaid circulars, Notice of AGM and Annual Report 2025-26 (as enclosed) are beings sent to all the members of the Company whose email addresses are registered with the Company /RTA/Depository Participant(s); Further, a letter providing the web-link, including the exact path, where complete details of the Annual Report are available are being sent to those shareholder(s) who have not so registered their email addresses. 3. The Company has fixed, Thursday, September 17, 2026 as Record date for the purpose of dividend payment, if declared, at ensuing AGM. This is for your kind information and record please. Thanking You, For HPL Electric & Power Limited Vivek Kumar Company Secretary Encl: - As stated above HPL Electric & Power Limited Diversified in Strength. Unified in Mission. ANNUAL REPORT 2025-26 Contents Corporate overview 01 Corporate Information 02 Diversified in Strength. Unified in Mission. 04 FY26 Performance Highlights 05 About HPL Electric & Power Limited 09 Our Product Portfolio 11 Message from the Chairman 13 A Talk with the Joint Managing Director & CFO 15 FY26 Performance Review 19 Insights from the Managing Director 20 Business Segment Review 30 Strategic Priorities 31 Manufacturing Infrastructure 32 R&D Excellence 34 Brand Building 35 Environmental, Social and Governance 38 Corporate Social Responsibility 39 Board of Directors 41 Awards & Accolades Statutory reports 42 Management Discussion and Analysis 55 Director’s Report 77 Corporate Governace Report 98 Business Responsibility & Sustainability Report Financial Statements 127 Standalone Financial Statements 177 Consolidated Financial Statements 225 Notice Forward-looking Statements The Annual Report may include various statements about the company’s aspirations, targets, forecasts, valuations, and anticipations, which can be considered as ‘forward-looking statements’ under relevant legal frameworks, founded on well-informed assessments and approximations. It’s important to note that actual outcomes could significantly deviate from those projected or implied in these statements. Such forward-looking statements inherently carry numerous uncertainties and risks, including, but not limited to, economic fluctuations that influence demand and supply dynamics as well as pricing in both local and international markets where the company operates, modifications in governmental regulations and policies, taxation norms, the availability and cost of raw materials, competitive challenges, and other related factors. Corporate Information Board of Directors Statutory Auditors Bankers/Lenders Mr. Lalit Seth M/s. Sakshi & Associates State Bank of India Chairman and Whole-time Director Chartered Accountants, New Delhi Union Bank of India Mr. Rishi Seth Punjab National Bank Managing Director Internal Auditors Canara Bank Mr. Gautam Seth Pricewaterhouse Bank of India Jt. Managing Director & CFO Coopers Services LLP, IDBI Bank Ltd. Gurugram (Haryana) Mr. Hargovind Sachdev* Karnataka Bank Ltd. Independent Director HDFC Bank Ltd. Cost Auditors Dr. Rashmi Vij Axis Bank Ltd. Independent Director M/s. M.K. Singhal & Co., Bank of Bahrain & Kuwait B.S.C. Mr. Dhruv Goyal Cost Accountants, Noida DCB Bank Independent Director Bajaj Finance Limited Mr. Ajit Sood** Secretarial Auditors Karur Vysya Bank Independent Director M/s. AVA Associates Shinhan Bank India Practising Company Secretaries, KEB Hana Bank Company Secretary New Delhi Mr. Vivek Kumar Works Registrar & Transfer Agent Plot No. 132-133, Pace City-I, Corporate Identification No. Sector-37, Gurugram, Haryana KFin Technologies Limited CIN: L74899DL1992PLC048945 Selenium Tower B, Plot 31-32, Plot No. 357-Q, Pace City-II, Gachibowli Financial District, Sector-37, Gurugram, Haryana Registered & Corporate Office Nanakramguda, Village - Shavela, P.O. Jabli, Distt. Hyderabad - 500 032 Registered Office Solan, Himachal Pradesh Toll Free No: 1800-345-4001 1/20, Asaf Ali Road, Village - Bigan, Dhaturi Road, Fax: 040-23001153 New Delhi - 110 002 Tehsil Gannaur, Sonepat, Haryana Email: einward.ris@karvy.com Tel.: +91-11-23234411 Website: www.kfintech.com Village - Plot No. 76-B, Fax: +91-11-23232639 Phase IV, Sector-57, Corporate Office HSIIDC Industrial Area, 76-B, Phase-IV, Sector-57, Kundli - 131 028, HSIIDC Industrial Estate, Kundli-131028, Sonepat, Haryana Sonipat, Haryana, INDIA. Main GT Karnal Road Email: hpl@hplindia.com Village - Bastawa, Website: www.hplindia.com Tehsil Gharonda, Tel.: +91-130-350 3958, 350 3437 District - Karnal, Haryana * Ceased to be a Director of the Company with effect from April 12, 2025, upon completion of the second term as an Independent Director ** Appointed as an Independent Director w.e.f. April 13, 2025 Diversified in Strength. Unified in Mission. FY26 unfolded against an evolving power and electrical landscape. Utilities continued to modernize. Infrastructure investments gathered pace. Consumer markets stayed dynamic even as businesses navigated shifting market conditions and changing customer expectations. Responding to these structural trends, HPL strengthened its position as a two-engine electrical platform: Metering, Systems & Services, providing scale, technology leadership and multi-year order visibility; and Consumer, Industrial & Services, providing faster-cycle, channel-led growth across a broad product portfolio. Unified in mission, our core businesses advance our purpose of delivering reliable, smarter, and sustainable solutions that power India’s progress. This diversified strength reflects in the way our business has evolved over the years. Our Metering, Systems & Services business remains our scale and visibility engine, supported by technology leadership, long-standing customer relationships and a strong order pipeline. Accounting for 97% of the `3,200+ crore order book, smart meters continue to be a key driver of modern India’s power distribution ecosystem. Our expansion into the smart water meter segment with the launch of ‘Neeram Pulse’, extends our proven metering expertise into high potential adjacent digital utility segments. Alongside this, our Consumer & Industrial business has emerged as a second core growth engine. Revenue grew by 25.62% in FY26 while the segment contribution increased to 43% of Revenue from Operations, from 37% in FY25, driven by broad-based growth across Wires & Cables, Switchgear and Lighting and deeper channel engagement. This balanced momentum has helped generate Revenue from Operations over `1,800 crore, with quarterly revenues exceeding `500 crore for the first time. It has also strengthened our ability to grow across market cycles and reduce dependence on a single business, positioning us strongly to capture emerging opportunities in India's evolving power and electrical landscape. While our business has diversified, a shared mission continues to guide every phase of our journey. Every new capability is built on the same commitment to innovation, quality and excellence. Investments in autom [Showing first 8,000 characters — download PDF for full document]