Annual Report for the financial year 2025-26

INDIAN ACRYLICS LIMITED CIN: L24301PB1986PLC006715 Head Office : ISO 9001-2008 Certified SCO 49-50-51, Sector 26, Madhya Marg, Chandigarh – 160019 (INDIA) Tel : +91-172-2792385 / 2793112 Fax : +91-172-2794834 / 2790887 Website : www.indianacrylics.com IAL/AGM/2026/ September 2, 2026 THE DY. MANAGER DEPTT. OF CORPORATE SERVICES BSE LIMITED PHIROZE JEEJEEBHOY TOWERS, DALAL STREET, MUMBAI - 400 001. National Securities Depository Limited Central Depository Services (India) Ltd. 4th Floor, ‘A’ Wing, Trade World, Marathon Futurex, 25th Floor, Kamla Mills Compound, Senapati Bapat NM Joshi Marg, Lower Parel (East), Marg, Lower Parel, Mumbai – 400013. Mumbai 400 013. Scrip Code: 514165 Reg : 39TH AGM NOTICE AND ANNUAL REPORT 2025-26 Dear Sir/ Madam, Further to our letter dated 24.08.2026, pursuant to Regulation 34 of the SEBI (LODR) Regulations, 2015, we are submitting herewith copy of the Annual General Meeting Notice and draft Annual Report of the Company for the financial year 2025-26 to be held on Tuesday, 29th September 2026 at 11:00 A.M. at Regd. Office of the Company. The said Annual Report and Notice of 39th Annual General Meeting has also been uploaded on the website of the Company i.e. www.indianacrylics.com Kindly take the same on your records. Yours faithfully, for INDIAN ACRYLICS LIMITED (BHAVNESH K GUPTA) COMPANY SECRETARY & COMPLIANCE OFFICER FCS-3255 Encl.: As above Works & Regd. Office : Village Harkishanpura, Patiala - Sangrur Highway, Distt. Sangrur - 148 026 (Pb.) Tel.: +91 (1672) 278106, 278104, Fax: +91 (1672) 278110 Delhi Office : S-2, Second Floor, Vasant Square Mall, Community Center, Pocket V , Plot No. A, Sector B, Vasant Kunj, New Delhi - 110 070, Phone-011-40000378, 377, 376 39TH ANNUAL REPORT 2025-2026 INDIAN ACRYLICS LIMITED COMPANY CIN: L24301PB1986PLC006715 BOARD OF DIRECTORS Mrs Surabhi Malik Chairperson Sh. Rajinder Kumar Garg Managing Director Sh. Dheeraj Garg Additional Managing Director Sh. Surinder Singh Virdi Director Raja Shivdev Inder Singh Director Sh. Shashi Bhushan Gupta Director Smt. Deva Bharathi Reddy Director Smt. Tejinder Kaur Director Sh. Sanjay Krishan Ahuja Nominee PSIDC Sh. Alok Goyal Executive Director COMPANY SECRETARY Notice 3-11 Sh. Bhavnesh K. Gupta Directors’ Report 12-19 BANKERS Management Discussion & Analysis 20-21 Punjab National Bank Corporate Governance Report 21-27 State Bank of India AOC-1 Relating to Subsidiary Company 28 HDFC Bank Limited STANDALONE FINANCIAL STATEMENTS AUDITORS Auditors’ Report 29-33 AKR & ASSOCIATES Balance Sheet 34 CHARTERED ACCOUNTANTS Statement of Profit & Loss 35 SCO 51, 2nd Floor, Chandigarh Citi Centre, VIP Road, Statement of Changes in Equity 36 Zirakpur – 140603. Cash Flow Statement 37 Notes forming part of Financial Statements 38-53 REGD. OFFICE & WORKS Village Harkishanpura CONSOLIDATED FINANCIAL STATEMENTS Distt. Sangrur (Punjab) - 148 026 Auditors’ Report 54-57 (on Patiala-Sangrur Highway) Email: shares@indianacrylics.com Consolidated Balance Sheet 58 Website: www.indianacrylics.com Consolidated Statement of Profit & Loss 59 Consolidated Statement of Changes in Equity 60 CORPORATE OFFICE Consolidated Cash Flow Statement 61 SCO 49-50, Sector 26 Notes Forming part of Consolidated Financial 62-77 Madhya Marg, Statements Chandigarh - 160 019 Proxy Form 78 INDIA INDIAN ACRYLICS LIMITED INDIAN ACRYLICS LIMITED (CIN:L24301PB1986PLC006715) Regd. Office: Village Harkishanpura, Sub-Tehsil Bhawanigarh, Distt. Sangrur (Punjab) -148026. Email: shares@indianacrylics.com, Website: www.indianacrylics.com Phone: +91-172-2793112, Fax: +91-172-2794834 NOTICE NOTICE is hereby given that the 39th Annual General Meeting of the Shareholders of the Company shall be held as scheduled below: Day & Date : Tuesday, 29th September, 2026 Time : 11:00 A.M Venue : Company’s Regd. Office at Village Harkishanpura, Sub-Tehsil Bhawanigarh, Distt. Sangrur (Punjab) - 148026 To transact the following business: ORDINARY BUSINESS: 1. To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the year ended March 31, 2026 and the Reports of Directors’ and Auditors’ thereon. 2. To appoint a Director in place of Shri Dheeraj Garg (DIN: 00034926), who retires by rotation and being eligible, offers himself for re-appointment. SPECIAL BUSINESS 3. To consider, and, if thought fit, to pass, with or without modification(s), if any, the following Resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Section 148 and all other applicable provisions, if any, of the Companies Act, 2013 and the Companies (Audit and Auditors) Rules, 2014 (including any Statutory modification(s) or re-enactment thereof, for the time being in force), the consent of the members be and is hereby accorded to ratify the remuneration, decided by the Board of Directors, based on the recommendation of Audit Committee, of Rs.50,000/- (Rs. Fifty thousand only) plus applicable taxes and out of pocket expenses per year to M/s V. Kumar & Associates (Firm Registration Number: 000350), Cost Accountants, appointed by the Board of Directors of the Company as Cost Auditors, to conduct the Audit of the Cost Records of the Company in respect of the Company’s Unit located at Village Harkishanpura, Tehsil Bhawanigarh, Distt. Sangrur, Punjab for the Financial Year ended 31st March 2027. RESOLVED FURTHER THAT the Board of Directors of the Company be and are hereby authorised to do all such acts, deeds and things and take all such steps as may be necessary or expedient to give effect to this resolution.” 4. To consider, and, if thought fit, to pass, with or without modification(s), if any, the following Resolution as a Special Resolution: “RESOLVED THAT in accordance with the provisions contained in section 196, 197, 198, 203 and other applicable provisions, if any, of the Companies Act, 2013 and the schedules thereto, subject to such other approvals, permissions, if any, as may be necessary, the consent of the members of the Company is hereby accorded for re-appointment of Sh. R K Garg (DIN: 00034827), as Managing Director of the Company w.e.f. 01/03/2027 for three years on the following terms and conditions:- i) SALARY : Rs.20,00,000/- (Rs. Twenty Lakhs only) per month inclusive of all perks and facilities. ii) COMMISSION : 5% of the net profits of the Company for each financial year or part thereof computed in the manner laid down under Section 198 of the Companies Act, 2013 so as not to exceed overall ceiling on remuneration laid down in Section 197 and other applicable provisions of the Companies Act, 2013. iii) In addition to the above, the Managing Director shall also be eligible for the following perquisites which shall not be included in computation of the ceiling as specified. a) Contribution to provident fund, superannuation fund or annuity fund as per the Rule of the Company, to the extent these- either singly or taken together- are not taxable under the Income Tax Act, 1961. b) Gratuity shall be payable at a rate not exceeding half-a-month’s salary for each completed year of service. c) Encashment of 30 day’s leave for each year of working at the end of the tenure. RESOLVED FURTHER THAT in the event of losses or inadequate profits in any financial year during the term of office of Shri R K Garg, as Managing Director, the aforesaid salary and all other benefits and other remuneration/ perquisites, be paid to the appointee as minimum remuneration, as approved by the members. RESOLVED FURTHER THAT the above remuneration payable to the Managing Director shall be subject to such conditions or modifications as may be required or imposed by the Central Govt. or any other authority with the liberty to the Board of Director to alter and vary the terms and conditions of his appointment within the maximum permissible limits in accordance with Schedule V of the Companies Act, 2013 or any amendments thereof as may be made from time to time without any further reference t [Showing first 8,000 characters — download PDF for full document]