This is to inform you that the 38th Annual General Meeting ('AGM') of the Company will be held on Friday, September 25, 2026, at 3:00 p.m. through Video Conferencing / Other Audio Visual ....

September 2, 2026 To, To, BSE Limited National Stock Exchange of India Ltd. 1st Floor, New Trading Ring, Exchange Plaza, 5th Floor, Rotunda Building, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Mumbai - 400 001. Bandra (E), Mumbai - 400 051. Scrip Code: 513269 Scrip ID: MANINDS Sub.: Notice of 38th Annual General Meeting along with the Annual Report of the Company for the Financial Year 2025-26. Dear Sir / Madam, This is to inform you that the 38th Annual General Meeting (“AGM”) of the Company will be held on Friday, September 25, 2026, at 3:00 p.m. through Video Conferencing / Other Audio Visual Means in accordance with the applicable Circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. Pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Annual Report of the Company along with the Notice of 38th AGM for the financial year 2025-26. The Annual Report containing the Notice of 38th AGM is also uploaded on the Company’s website and can be accessed at https://mangroup.com/reports-2/ This is for your kind information and record. Thanking you, Yours faithfully, For Man Industries (India) Limited Rahul Rawat Company Secretary M. No.: A27891 Encl.: As above TIPPING POINT ANNUAL REPORT 2025-26 Annual Report 2025-26 | 1 Annual Report 2025-26 | 1 CORPORATE OVERVIEW 01-14 Vision - Mission 02 About us 03 Our Manufacturing Scale 04-07 Company Overview 08 Our Highlights 09 Chairman’s Statement 10-11 The Saudi Arabia Acquisition 12-13 Company Synopsis 14 STATUTORY REPORTS 15-116 Notice of AGM 15 Directors Report 28 Management Discussion & Analysis 84 Corporate Governance Report 97 FINANCIAL STATEMENTS 120-272 Auditor’s Report on Standalone Financial Statement 121 Standalone Financial Statements 132 Auditor’s Report on Consolidated Financial Statement 198 Consolidated Financial Statements 206 AOC-1 272 2 | Man Industries (India) Ltd. “Look at the world around you. It may seem like an immovable, implacable place. It is not. With the slightest push—in just the right place—it can be tipped.” - Malcolm Gladwell, The Tipping Point: How Little Things Can Make a Big Difference Tipping point presents the moment when vision, resilience and strategic execution converge to unlock accelerated growth. For Man Industries, it marks a defining phase of transforming opportunities into sustainable value through innovation, operational excellence and expanding leadership. Annual Report 2025-26 | 1 AAnnnnuuaall RReeppoorrtt 22002255--2266 || 11 WHO WE ARE Vision To obtain market leadership by delivering innovative, quality products and services that improve the quality of life and the environment — in an unrelenting pursuit of excellence. Mission To partner with every major global client in the oil, gas and water sectors through quality solutions delivered within committed timelines, enhancing value for all stakeholders. 2 | Man Industries (India) Ltd. 22 || MMaann IInndduussttrriieess ((IInnddiiaa)) LLttdd.. About us The Man Group, founded by the Mansukhani family in the 1970s, has grown into a diversified business conglomerate with a strong presence across infrastructure, real estate, trading and manufacturing. Its flagship company, Man Industries (India) Ltd. (MIIL), incorporated in 1988, has emerged as one of the leading global manufacturers of line pipes, recognised for its engineering excellence, quality standards and trusted partnerships across the energy and infrastructure sectors. An internationally benchmarked Global Manufacturer With the completed acquisition of National Pipe Man Industries (India) Ltd., an ISO 9001:2015, ISO Company (NPC) in Saudi Arabia, MIIL now operates a third 14001:2015 and ISO 45001:2018 certified company, is manufacturing facility at Dhahran, Saudi Arabia taking the one of the world’s largest manufacturers and exporters of Company’s global footprint to 3 manufacturing facilities large-diameter carbon steel line pipes LSAW, HSAW and across 2 countries and combined installed capacity to ERW. These products serve critical applications in oil & gas approximately 1.63 million+ TPA. Full details of the NPC transmission, petrochemicals, water, fertilizers, dredging, acquisition are set out in the dedicated section later in hydrocarbons and the city gas distribution (CGD) sector. this report. World-Class Manufacturing Facilities Global Recognition and Clientele MIIL operates two advanced manufacturing facilities in Within a decade of entering international markets, MIIL India, one in Anjar, Kutch District, Gujarat, and another in has emerged as a world-class manufacturer of line pipes Pithampur, Madhya Pradesh together spanning over ~182 and coating systems, successfully supplying marquee acres, with a combined domestic capacity exceeding 1.2 clients such as GAIL, IOCL, HPCL, BPCL, ONGC, Reliance, million tonnes per annum (TPA) producing LSAW, HSAW Adani, Shell, Kinder Morgan, Kuwait Oil Company and and ERW pipes, along with coating as a value-added Hyundai Engineering & Construction Ltd., among many offering, under stringent quality control at every stage. others reinforcing its reputation as a trusted global Both facilities are ISO 9001:2015, ISO 14001:2015 and partner. ISO 45001:2018 certified, equipped with state-of-the-art infrastructure and multi-stage inspection processes, and hold quality approvals from leading global clients. Annual Report 2025-26 | 3 AAnnnnuuaall RReeppoorrtt 22002255--2266 || 33 Manufacturing Scale Anjar Plant, Gujarat • Easy and fast access to Kandla and Mundra ports for the global market. • Close proximity to rail and national highway networks. Pithampur Plant, Madhya Pradesh • Close to the national highway, reducing logistics cost. • Strategically located to serve the domestic market. Dhahran Plant, Saudi Arabia (NPC- Acquired on 21st May’2026) • Saudi Aramco-approved, API-certified HSAW and LSAW manufacturing facility, with a commercial office in Al Khobar. • Installed capacity of 430,000 MTPA, giving MIIL its first manufacturing base outside India and direct access to Middle East oil & gas demand. 4 | Man Industries (India) Ltd. 44 || MMaann IInndduussttrriieess ((IInnddiiaa)) LLttdd.. Annual Report 2025-26 | 5 AAnnnnuuaall RReeppoorrtt 22002255--2266 || 55 Milestones 2007 USD 225 Mn order from the USA; two 1996 new HSAW lines of LSAW plant at Pithampur 200,000 MT each. (50,000 TPA). 2012 1999 Strategic HSAW plant established relationship with (50,000 TPA); LSAW capacity Kobe Steel Ltd., raised to 135,000 TPA. Japan. 1970 - 1999 2000 - 2006 2007 - 2012 2001 Coating plant (PE & CTE), 2 mn & 1.6 mn sq. mtr. 2005 New pipe & coating complex, 365,000 TPA LSAW at Anjar. 2006 7 MW windmill installed in Gujarat for captive consumption. Journey so far... 6 | Man Industries (India) Ltd. 66 || MMaann IInndduussttrriieess ((IInnddiiaa)) LLttdd.. 2019 First Indian company to export an 80-inch diameter, 18-metre long pipe (24 mm thickness) for a prestigious water sector project. 2026 5-year MoU signed with 2023 Aramco Asia India. 100% ERW unit, 1,25,000 TPA at Anjar; equity stake acquired in hydrogen pipe testing. National Pipe Company (NPC), 2024 Saudi Arabia, for USD 102 Mn Additional 50,000 TPA ERW (~₹1,000 Cr) through wholly- capacity added. owned subsidiary MISIC. 2013 - 2017 2018 - 2024 2025 2026 2016 2025 5,600-ton hydraulic JCO Advanced Spiral Mill press commissioned at and PU Coating facility Gujarat, developed in- installed at Pithampur, house. adding 50,000 TPA. Approved as a certified 2017 vendor of Qatar Energy Concrete Weight Coating LNG. Merino Shelters real (CWC) plant for offshore estate asset monetised. projects, 1,25,000 cubic metres p.a. Annual Report 2025-26 | 7 AAnnnnuuaall RReeppoorrtt 22002255--2266 || 77 Company Overview 3 1.63 3 Decades of presence Manufacturing facilities- in the pipe industry Million+ India + Saudi Arabia Tota [Showing first 8,000 characters — download PDF for full document]