Annual Report for the FY 25-26

To 01st September 2026 Listing Department Listing Department BSE Limited National Stock Exchange of India Limited 25th Floor, P. J. Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra East, Mumbai – 400 001. Mumbai – 400 051. Scrip Code: 505368 Scrip Code: SEMAC Dear Sir / Madam, Sub: Submission of Annual Report for the Financial year 2025 -26. Pursuant to Regulation 34 (1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby enclose the soft copy of the Annual Report of the Company for the Financial year 2025 -26. The Notice of the 49th Annual General Meeting of the Members along with the Annual Report for the Financial year 2025-26 of the Company is being sent to all members whose names appeared in the Register of Members / Register of Beneficial owners as on close of the business hours of 18th August, 2026 maintained by the Depository Participants (DPs) /Company/ Registrar and Share Transfer Agent. A person whose name is recorded in the register of members or in the register of beneficial owners maintained by the depositories as on the cut-off date i.e. 18th September, 2026 shall be entitled to avail the facility of remote e- voting or to vote during the AGM. Kindly take the same on your records. Thanking You, For Semac Construction Limited (Formerly Known as Semac Consultants Limited) Aakriti Gupta Company Secretary and Compliance Officer Semac Construction Ltd. Corporate Identity Number Registered Office: Semac Construction Ltd. (Formerly Known as Semac Consultants L42900TZ1977PLC000780 Pollachi Road, Malumachampatti. Limited.) ISO 9001 : 2015 Coimbatore - 641 021. Plot No. 505, 3rd Floor, Udyog Vihar, Phase – III, Tel : + 91 422 2610851 Gurugram, Fax : + 91 442 6655199 Haryana – 122016, India Website: www.semacconstruction.com Email: compliance.officer@semacconstruction.com Gurugram I Bengaluru I Navi Mumbai I Muscat SEMAC CONSTRUCTION LIMITED Annual Report 2025-26 ANNUAL REPORT 2025-26 CONTENTS 01 04 Corporate Management Data Discussion and Analysis Corporate Governance Report Directors Report 51-94 Standalone Financial Statement Balance Sheet Profit and loss statement Independent Cash Flow Statement Audit Report Statement of changes in Equity Standalone Notes to the Financial Statement 105-153 Consolidated Financial Statement Independent Audit Report Balance Sheet - Consolidated Profit and Loss Statement Cash Flow Statement CORPORA TE DATA BOARD OF DIREC TORS MR. ABHISHEK DALMIA CHAIRMAN AND MANAGING DIRECTOR MS. DEEPALI DALMIA NON-EXECUTIVE - NON INDEPENDENT DIRECTOR MR. HARIVANSH DALMIA WHOLE TIME DIRECTOR MR. V V SUBRAMANIAN NON-EXECUTIVE - INDEPENDENT DIRECTOR MR. NARINDER KUMAR NON-EXECUTIVE - INDEPENDENT DIRECTOR MR. VISHAL GUPTA NON-EXECUTIVE - INDEPENDENT DIRECTOR CHIEF FINANCIAL OFFICE R MR. DEEPAK JAIN COMPANY SECRETARY MRS. AAKRITI GUPTA BANKERS HDFC BANK LIMITED ICICI BANK LIMITED IDFC FIRST BANK LIMITED BANK OF INDIA AUDITORS M/S SURESH SURANA AND ASSOCIATES LLP SECRETARIAL AUDITORS MDS & ASSOCIATES LLP, COMPANY SECRETARIES. COIMBATORE SHARE TRANSFER A GENTS MUFG INTIME INDIA PRIVATE LIMITED, “SURYA”, 35, MAY FLOWER A VENUE, BEHIND SENTHIL NAGAR, SOWRIPALAYAM ROAD, COIMBATORE – 641028 Email: coimbatore@mpms.mufg.com REGISTERED O FFICE 331, POLLACHI ROAD MALUMACHAM PATTI POST COIMBATORE – 641 050. Website : Website: https://semacconstruction.com/ Semac Construction Limited | 1 | Annual Report 2025-26 1600 1360 1400 1301 1270 1213 1200 1000 F.Y. 23 F.Y. 24 F.Y. 25 F.Y. 26 shkaL 35000 32968 30000 24792 25000 20000 17703 15000 13303 10000 5000 F.Y. 23 F.Y. 24 F.Y. 25 F.Y. 26 GROSS FIXED ASSETS shkaL ni.sR INCOME Semac Construction Limited | 2 | Annual Report 2025-26 250 237 F.Y. 23 F.Y. 24 F.Y. 25 F.Y. 26 seepuR -100 -102 -120 F.Y. 23 F.Y. 24 F.Y. 25 F.Y. 26 BOOK VALUE PER SHARE seepuR EARNING PER SHARE Semac Construction Limited | 3 | Annual Report 2025-26 MANAGEMENT DISCUSSION & ANALYSIS Overview Semac was founded in 1969 as a Design Consultancy. Over the past decade, the Company extended its offering into Design and Build Services, and has progressively transitioned towards executing projects directly rather than through subcontractors. While this has changed the economics of the business, it has also increased operational complexity. During FY26, much of our focus was directed towards strengthening the Company’s Financial Discipline, Operational Capability, Governance Framework and Internal Systems, the outcomes of which are discussed in the sections below. Alongside this, we continued strengthening commercial discipline. Our senior leadership plays an active role in reviewing tenders, negotiating commercial terms and evaluating project scope before bids are submitted, with particular attention to payment terms, working capital implications and overall capital employed. Our objective is not to maximise the size of the order book, but to build a portfolio of projects that generates acceptable returns and strengthens long-term client relationships. Industry Structure and Developments India’s Industrial Construction sector continues to benefit from favourable tailwinds. Government initiatives to strengthen domestic manufacturing, continued infrastructure investment and sustained private sector capital expenditure have encouraged both domestic and multinational corporations to expand manufac- turing capacity across the country, supporting demand for constructing industrial facilities and associated engineering services. The Company continued to strengthen its position within this market during the year. A significant milestone was the commencement of our relationship with a leading new multinational client, which we hope will develop into a long-term partnership built on trust, quality and execution excellence. We also successfully completed our second project for a repeat client — a new manufacturing facility at Kanpur involving civil works, pre-engineered building and MEP services — further strengthening what has become a valued long-term relationship. Opportunities and Threats Opportunities: Rising private sector capital expenditure, increasing investment by multinational corporations and continued emphasis on domestic manufactur- ing are expected to sustain demand for industrial construction over the coming years. During the year, we also deepened relationships within the organisations of target clients, which allowed us to begin participating in tenders floated by reputed corporates with upcoming capex plans, and to win repeat orders from some existing clients. Threats: Despite favourable demand, the competitive landscape remains challenging. Increasing competition has resulted in aggressive pricing and increas- ingly stringent commercial terms, with several market participants continuing to prioritise revenue growth over profitability, putting pressure on industry margins and working capital. Segment-wise / Product-wise Performance The Company’s operations comprise a single reportable business segment — Design and Build Services for industrial clients. Accordingly, no separate segment-wise or product-wise performance disclosure is provided. Outlook India’s manufacturing sector continues to present significant long-term opportunities. Rising private sector capital expenditure, increasing investments by multinational corporations and continued emphasis on domestic manufacturing are expected to sustain demand for industrial construction over the coming years. Looking ahead, management will continue focusing on strengthening internal controls, improving banking relationships, enhancing operational efficiency and investing in organisational capability, in order to support future growth while maintaining financial discipline. Risks and Concerns We operate in a dynamic environment influenced by a range of external factors. While we remain confident in our strategy and capabilities, the following macro and industry-wide risks merit attention: Semac Construction Lim [Showing first 8,000 characters — download PDF for full document]