Pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to submit the 35th Annual Report of Riddhi Siddhi Gluco Biols ....

02.09.2026 BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 524480 Subject: Annual Report for the F.Y. 2025-26 of Riddhi Siddhi Gluco Biols Limited (“Company”) Dear Sir/Madam, Pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to submit the 35th Annual Report of the Company for the Financial Year 2025-26 along with the Notice convening 35th Annual General Meeting of the Company to be held on Friday, 25th September, 2026. The said Annual Report of the Company is also available on the website of the Company at www.riddhisiddhi.co.in. Please update the same on your records. Thanking You, For, RIDDHI SIDDHI GLUCO BIOLS LIMITED SHARAD JAIN COMPANY SECRETARY & COMPLIANCE OFFICER MEMBERSHIP NO. F13058 35TH ANNUAL REPORT INDEX Contents Page No. Corporate Information 01 Notice of 35th Annual General Meeting 02 Directors’ Report for the F.Y. ended 31.03.2026 21 Secretarial Audit Report 37 Corporate Governance Report 40 Management Discussion and Analysis 56 Auditor’s Report on Standalone Financial Statements 61 Standalone Financial Statements 72 Auditor’s Report on Consolidated Financial Statements 124 Consolidated Financial Statements 132 Statutory Reports Standalone Financial Consolidated Financial Corporate Information 35th Annual Report 2025-2026 Riddhi Siddhi Gluco Biols Limited CIN: L10620GJ1990PLC013967 Board of Directors Mr. Ganpatraj L. Chowdhary Chairman & Managing Director Mr. Siddharth G. Chowdhary Whole-Time Director Mr. Balveermal Singhvi Independent Director Mr. Mahendra Kumar Bhandari Independent Director Mrs. Sangita Shingi Independent Director Mr. Pratik Shah (upto 22.06.2026) Independent Director Chief Financial Officer Registrar and Share Transfer Agent Mr. Mukeshkumar Samdaria MUFG Intime India Private Limited (Formerly known as Linkintime India Private Limited) Company Secretary & Compliance Officer 5th Floor, 506-508, Amarnath Business Center-1, Mr. Sharad Jain Beside Gala Business Center Off. C.G. Road, Ellisbridge Ahmedabad- 380009 Statutory Auditor Registered Office M/s. Batliboi & Purohit 10, Abhishree Corporate Park, Chartered Accountants Nr. Swagat Bunglows BRTS Bus Stand Mumbai Ambli-Bopal Road, Ambli Ahmedabad- 380058 Bankers Gujarat, India Yes Bank Limited www.riddhisiddhi.co.in Kotak Mahindra Bank Limited HSBC Bank Works Secretarial Auditor 1. Village Belludi, Dist. Davangere, Mr. Kinjal Shah Karnataka Practicing Company Secretary 2. Taluka: Alangulam/Tenkasi Ahmedabad District: Tirunelveli (Tamil Nadu) 3. Village: Vandhiya District: Kutch (Gujarat) Annual Report 2025-26 1 CHAIRMAN’S MESSAGE Dear Shareholders, It gives me great pleasure to present the 35th Annual Report of Riddhi Siddhi Gluco Biols Limited for the financial year 2025-26. The year marks an important new chapter in the journey of your Company. Built over decades on a strong foundation of agro-processing expertise, we have continued to evolve with changing markets while staying true to our core strengths. A significant strategic development during the year was the execution of an Asset Purchase Agreement in January 2026 for the acquisition of the corn wet-milling facility at Davangere, Karnataka from Cargill India Private Limited. The acquisition was subsequently completed in April 2026, after the close of the financial year, marking an important step in strengthening our manufacturing footprint in southern India. With its established infrastructure and processing capabilities, the facility provides a strong platform to enhance our presence in corn wet milling and serve customers across India and international markets. It is an opportunity to build a stronger, more integrated and competitive business, creating new avenues for growth across starches, sweeteners and value-added maize derivatives. The ingredients industry continues to offer attractive long-term opportunities, supported by the growth of food processing, evolving consumer preferences and increasing demand for quality ingredients. We believe our manufacturing capabilities, industry experience and customer relationships position us well to participate in this growth. Our focus going forward will be on disciplined execution, operational excellence, capacity utilisation, innovation and expansion into new markets. At the same time, we remain committed to responsible capital allocation and sustainable value creation. Sustainability remains an important part of our journey. We will continue to focus on resource efficiency, renewable energy and responsible manufacturing, while creating value for the wider ecosystem in which we operate. I would like to sincerely thank our employees, customers, farmers, suppliers, business partners and all our stakeholders for their continued support. I am particularly grateful to our shareholders for the confidence they have placed in the Company. As we embark on this next phase, we remain confident in our capabilities and optimistic about the opportunities ahead. We will continue to build on our legacy, embrace change and pursue growth with purpose and responsibility. Thank you for your continued trust and support. GANPATRAJ CHOWDHARY Chairman & Managing Director Riddhi Siddhi Gluco Biols Limited EXECUTIVE DIRECTOR’S MESSAGE Dear Stakeholders, FY 2025-26 has been a year of renewed momentum for Riddhi Siddhi Gluco Biols Limited. A significant strategic development during the year was the execution of an Asset Purchase Agreement in January 2026 for the acquisition of the corn wet-milling facility at Davangere, Karnataka. The acquisition was completed in April 2026, subsequent to the close of the financial year, and marks an important step in strengthening our operational platform and rebuilding our presence in corn wet milling. With the acquisition having been completed in April 2026, our immediate priority is to undertake the necessary preparatory activities for commissioning and commencement of operations at the facility. The Company is taking all necessary steps, including obtaining the requisite licences, registrations and statutory approvals, as applicable, to enable commencement of operations. Subject to completion of these activities and receipt of the requisite approvals, the operations of the facility are expected to commence in October 2026. We remain focused on ensuring a smooth transition, operational readiness and efficient utilisation of the facility, while progressively harnessing its potential. We see significant opportunities to grow our range of starches, sweeteners, and value-added maize derivatives, while remaining closely aligned with evolving customer needs. This growth will be supported by our focus on people, technology, operational excellence, and consistent quality. Sustainability will remain integral to our operations, with continued emphasis on energy efficiency, renewable energy, and responsible manufacturing. As we move forward, disciplined execution, agility and a commitment to our customers will remain at the heart of our journey. We are confident that the foundations we are building today will enable us to create a stronger, more competitive and sustainable business. I thank our employees for their commitment and our customers, farmers, suppliers, business partners, and shareholders for their continued trust and support. Together, we look forward to building the next phase of growth for Riddhi Siddhi Gluco Biols Limited. SIDDHARTH CHOWDHARY Executive Director Riddhi Siddhi Gluco Biols Limited Notice of 35th Annual General Meeting NOTICE IS HEREBY GIVEN THAT THE 35TH ANNUAL GENERAL MEETING (“AGM”) OF RIDDHI SIDDHI GLUCO BIOLS LIMITED (“COMPANY”) IS SCHEDULED TO BE HELD ON FRIDAY, 25TH DAY OF SEPTEMBER, 2026, AT 04.30 P.M. THROUGH VIDEO CONFERENCING (“VC”) / OTHER AUDIO VISUAL MEANS (“OAVM”) TO TRANSACT THE FOLLOWING BUSINESS: ORDINARY BUSINESS: 1. (a) To receive, consider, approve and adopt the Audited Standalone Financial Statements [Showing first 8,000 characters — download PDF for full document]