Please find attached 35th Annual Report of the Company for the financial year 2025-26.

Date: September 01, 2026 BSE Limited Corporate Relation Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001. Maharashtra, India. Scrip Code: 526125 ISIN: INE00HZ01011 Sub.: Submission of 35th Annual Report for the Financial Year 2025-26 Dear Sir / Madam, Pursuant to the provisions of Regulation 34 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we hereby submit a copy of the Annual Report of the Company for the Financial Year 2025-26, including Notice of 35th Annual General Meeting (“AGM”) of the members of the Company, scheduled to be held on Wednesday, September 23, 2026 at 01:30 P.M. (“IST”) through Video Conferencing /Other Audio- Visual Means (“VC/OAVM”). Kindly take the same on record. Thanking You. Yours faithfully, For BN AGROCHEM LIMITED REETIKA MAHENDRA COMPANY SECRETARY AND COMPLIANCE OFFICER [M.No. ACS48493] 35th ANNUAL REPORT 2025-26 Agriculture From Consumer. Commodity From Specialty. An integrated Agri, Food, Oils & Specialty Ingredients platform. BN AGROCHEM LIMITED (Formerly BN Holdings Limited) ANNUAL REPORT 2025-26 CONTENTS Section A Corporate Overview Who We Are 5 Mission and Vision 7 Chairman's Message 8 Whole-Time Director & CEO's Message 10 Section B Corporate Profile Building an Integrated Agri Oils & Specialty Products Platform Building a Scalable Integrated Platform 13 Positioning Statement 14 The Proposed Merger: Creating a Stronger Operating Core 15 At a Glance: Proposed Merger of Group Entities 16 Epitome Industries: The Downstream Manufacturing & Value-Addition Engine 19 Strategic Priorities 21 Corporate Information 22 Section C Notice and Reports Notice of Annual General Meeting (AGM) 24 Board of Directors' Report & Annexures to Directors' Report 49 Secretarial Audit Report 69 Corporate Governance Report 73 Corporate Governance Compliance Certificate 85 Business Responsibility & Sustainability Report (BRSR) 87 Certificates from Company and Practicing Company Secretary. 118 Section D Financial Statements D.1 Consolidated Financial Statements D.2 Standalone Financial Statements Independent Auditor's Report 124 Independent Auditor's Report 194 Consolidated Balance Sheet 131 Standalone Balance Sheet 205 Consolidated Statement of Profit and Loss 133 Standalone Statement of Profit and Loss 207 Consolidated Cash Flow Statement 135 Standalone Cash Flow Statement 209 Notes on Consolidated Financial Statements 138 Notes on Standalone Financial Statements 212 Last Section Notes 259 CORPORATE OVERVIEW OUR VISION To build a leading integrated agri-oils and specialty products enterprise connecting agricultural origin and sourcing with processing, food ingredients, oleochemicals, bio-based products and consumer brands. Our long-term strategic direction is to move progressively across the value chain — from agricultural commodities to dierentiated products, from commodity exposure to specialty applications, and from supplying markets to building deeper ownership of customers and consumers. OUR MISSION To create greater value from agricultural and oil-based resources by integrating sourcing, processing, manufacturing, ingredients, specialty derivatives, consumer products and distribution into an ecient, scalable and value-added operating platform. We seek to maximise the value derived from common feedstocks by creating multiple product and market pathways, while continuously improving operational eciency, capital productivity, customer reach and responsible resource utilisation. Message from the Chairman Mr. Anubhav Agarwal Dear Stakeholders, BN Agrochem is entering an important phase in its FY 2025–26 marked meaningful progress in evolution. Our objective is not merely to building the architecture for this journey. The participate in the edible-oils and agricultural proposed amalgamation of A1 Agri Global Limited, commodity markets, but to build a more B.N. Agritech Limited and Salasar Balaji Overseas integrated operating enterprise that captures Private Limited with BN Agrochem is intended to value across a larger part of the agri-oils chain. create a stronger and more coordinated operating base. By bringing related businesses together, we Our foundation lies in agricultural commodities, aim to centralise procurement and inventory oilseeds and edible oils. From this base, we see a management, improve utilisation of facilities, clear opportunity to move progressively into sharpen customer engagement and strengthen processing, refining, food ingredients, working-capital and cash-flow management. oleochemicals, specialty derivatives, bio-based products and consumer-facing categories. Each The Scheme has crossed important regulatory step takes us further from pure commodity milestones, including the receipt of the requisite participation and closer to differentiated NOC from BSE Limited in March 2026 and approval products, stronger customer relationships and from the Competition Commission of India in April multiple avenues of value creation. 2026. The Scheme remains subject to sanction by the National Company Law Tribunal (NCLT). We This strategic direction can be expressed simply: view the proposed merger not simply as corporate From Agriculture to Consumer. From Commodity consolidation, but as an operating transformation to Specialty. It is not a change away from our core; that can provide a stronger platform for future it is an extension of the core into higher-value scale. opportunities built on related feedstocks, operating capabilities and market access. Our strategic investment in Epitome Industries ingredients, oleochemicals, biofuels and India Limited through Compulsorily Convertible consumer products. A common sourcing and Preference Shares represents the second distribution backbone can support multiple important pillar of this architecture. Epitome is verticals. A stronger operating platform can developing manufacturing facilities across improve resilience, broaden markets and create a multiple locations in India focused on more compelling foundation for long-term capital oleochemicals, speciality ingredients and other partnerships. value-added products. This creates a pathway for BN Agrochem to participate further downstream The next phase will require disciplined execution. in oil-derived products and specialty applications, Growth must be supported by sound capital where technology, formulation, customer allocation, prudent working-capital management, integration and product differentiation can play a strong governance and institutional-quality greater role in value creation. operating systems. These principles will remain central as we scale. The merger and Epitome therefore serve different but complementary purposes. The merger is We are building BN Agrochem with a long-term intended to strengthen the operating core; perspective an enterprise that participates from Epitome extends the platform into downstream agriculture and origin to value-added manufacturing and specialty value addition. Over manufacturing and ultimately to the consumer. time, we also intend to evaluate opportunities to The opportunity is substantial, and our strengthen origin-linked sourcing and selective responsibility is to convert that opportunity into upstream integration, including plantation sustainable operating performance and long-term participation such as palm oil, wherever stakeholder value. commercial viability, capital discipline and strategic fit are established. I thank our shareholders, employees, customers, lenders, business partners and all stakeholders for Our ambition is to build an integrated oleo their continued confidence and support. derivative platform and intent to acquire at-least 10% of market share in edible oil industry. Anubhav Agarwal A common feedstock can serve edible oils, Chairman From The desk of The Whole-time Director & CEO Mr. Chintan Ajaykumar Shah Dear Stakeholders, Our operating base today is anchored in the Our focus is therefore not consolidation [Showing first 8,000 characters — download PDF for full document]