43rd Annual report for the year ended 31st March 2026

IGIL INDO GULF INDUSTRIES LIMITED Corporate Office: 154, Rajpur Road, Jakhan, Dehradun Uttarakhand-248001 E-mail: rj.headoffice@gmail.com Phone: 0135-2114568/ 2735249, Fax': 0135-2733960 Website: www.indogulfind.com Corporate Identity Number {CIN}: L74900DL1981PLC011425 3rd September, 2026 BSE LIMITED The Corporate Relationship Department 1st Floor, New Trading Wing, Rotunda Building, Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai-400001 Scrip Code: 506945 Dear Sir/Madam Sub: Submission of Annual Report – 2025-26 along with cover letter. In terms of Regulation 34(1) of the Listing Regulations, please find enclosed the Annual Report for the Financial Year 2025-26 along with the Notice of the Annual General Meeting being dispatched to shareholders of the Company through electronic mode whose e-mail addresses are registered with the Company / Depository Participants / Registrar and Transfer Agent. The 43rd Annual General Meeting (‘AGM’) of the Company will be held on Wednesday, 30th September, 2026 AT 11.00 A.M. through Video Conference / Other Audio Visual Means, in accordance with the General Circular No. 20/2020 dated May 5, 2020 read with General Circular No. 14/2020 dated April 8, 2020, General Circular No. 17/2020 dated April 13, 2020 and General Circular No. 02/2021 dated January 13, 2021 issued by the Ministry of Corporate Affairs (‘MCA’), and Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/79 dated May 12, 2020 further SEBI Circular No. SEBI/HO/CFD/CMD2/CIR/P/2021/11 dated January 15, 2021 issued by the Securities and Exchange Board of India (‘SEBI’). This is for your information and record. Thanking you, Yours truly, For Indo Gulf Industries Limited Director Registered Office: Narendra Bhawan, 2nd floor, House No 4237/11, 1 Ansari Road, Daryaganj, New Delhi – 110002 Phone No: +91 7982905409/9718828062 Factory: Village Koti, Sukhwa&Prithi Pura, Nayakheda, Babina, Distt Jhansi (UP) Phone No: +919413385249/7318033279 43rd Annual Report 2025- 26 2026 Indo Gulf Industries Limited INDO GULF INDUSTRIES LIMITED ANNUAL REPORT 2025-26 BOARD OF DIRECTORS Mr. Rajesh Jain Mr. Arjun Singh Bhandari Mr. Ashok Sarkar (Independent Director) Ms. Shivani Naithani (Independent Director) STATUTORY AUDITORS M/s. Hemant Arora & Co.LLP, Chartered Accountants 1117-1119, 11th Floor, DLF Galleria Tower, DLF Phase-IV, Gurgaon-122002 BANKERS Indian Bank FACTORIES Babina Plant EXPLOSIVE DIVISION Village Koti Sukhwa & Prithi Pura, Babina Distt. Jhansi (U.P.) ACCESSORIES UNIT Village Koti, Sukhwa & Prithi Pura, (Detonating Fuse etc.) Babina, Distt. Jhansi (U.P.) REGISTERED OFFICE 4237/11, IInd Floor, Narendra Bhawan 1, Ansari Road, Daryaganj New Delhi- 110002 Email: rjheadoffice@gmail.com REGISTRAR & SHARE TRANSFER AGENTS BEETAL Financial & Computer Services Pvt Ltd. BEETAL HOUSE, 3rd Floor, 99, Madangir, Behind LSC, New Delhi - 110062 SECRETARIAL AUDITORS M/s Samir Bhatnagar & Companny Practicing Company Secretaries Off.: 314, Deepshikha Building, Rajendra Place, New Delhi - 110008 WEBSITE WWW.INDOGULF.IN CIN L74900DL1981PLC011425 CONTENTS PAGE Notice 2-12 Directors’ Report 13-39 Auditors’ Report 40-51 Balance Sheet 52-53 Statement of Profit and Loss 54-55 Cash Flow Statement 56-57 Statement of Change in Equity 58 Significant Accounting Policies 59-67 Notes to Accounts 68-100 INDO GULF INDUSTRIES LIMITED CIN: L74900DL1981PLC011425 Registered Office: 4237/11, IInd Floor, Narendra Bhawan 1, Ansari Road, Daryaganj New Delhi - 110002 Phone: 0135-6531441, Email: rjheadoffice@gmail.com Website: www.indogulfind.com NOTICE is hereby given that the 43rd Annual General Meeting of the Members of INDO GULF INDUSTRIES LIMITED will be held on Wednesday, the 30th day of September, 2026 at 11.00 A.M. through Video Conferencing/ Other Audio Visual Means (“VC/OAVM”) Facility in conformity with the regulatory provisions and the circulars issued by the Ministry of Corporate Affairs, Government of India to transact following business: ORDINARY BUSINESS: 1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended on 31st March, 2026, including the Balance Sheet as at 31st March, 2026, the Statement of Profit and Loss and the Cash Flow Statement for the financial year ended on that date and the Reports of the Board of Directors and the Auditors thereon. 2. To appoint a Director in place of Mr. Rajesh Jain, Director, who retires by rotation and being eligible offers himself for re-appointment in this regard to consider and if thought fit, to pass the following resolution as an Ordinary Resolution. “RESOLVED THAT Mr. Rajesh Jain, who retire by rotation in terms of Section 152 of Companies Act, 2013 and being eligible be and is hereby re-appointed as Director of the Company whose office shall be liable to retirement by rotation”. FURTHER RESOLVED THAT any director of the Company be and is hereby authorized to do all such acts, things and deeds as may be deemed necessary to give effect to the above stated resolutions.” SPECIAL BUSINESS 3. Material Related Party Transaction(s) between the Company and M/s Ganesh Explosives Private Limited, Holding Company. To consider and, if thought fit, to pass the following Resolution as an Ordinary Resolution: "RESOLVED THAT pursuant to the provisions of Regulations 2(1)(zc), 23(4), and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), as amended from time to time, Section 2(76) and other applicable provisions of the Companies Act, 2013 (‘Act’) read with the Rules framed thereunder [including any statutory modification(s) or re-enactment(s) thereof for the time being in force], the Company’s Policy on Related Party Transactions, and subject to such other approval(s), consent(s), and/or permission(s) as may be required, and based on the recommendation of the Audit Committee, the consent of the Members of the Company be and is hereby accorded to the Board of Directors of the Company (hereinafter referred to as the ‘Board’, which term shall be deemed to include the Audit Committee or any other Committee constituted/empowered by the Board to exercise its powers conferred by this Resolution) to enter into/continue Material Related Party Transaction(s) / Contract(s) / Arrangement(s) / Agreement(s) (whether by way of individual transactions or a series of transactions), as detailed in the Explanatory Statement annexed hereto, between the Company and Ganesh Explosives Private Limited (‘GEPL’), a Holding Company of the Company and accordingly a ‘Related Party’ of the Company, on such terms and conditions as may be mutually agreed, for an aggregate value not exceeding ₹17,00,00,000/- (Rupees Seventeen Crore Only) during the Financial Year 2026–27, provided that such transaction(s) are carried out on an arm’s length basis and in the ordinary course of business. RESOLVED FURTHER THAT the Board be and is hereby authorized to do and perform all such acts, deeds, matters, and things as may be necessary, proper, or expedient, including but not limited to finalizing the terms and conditions, executing necessary agreements, contracts, and ancillary documents, seeking statutory/regulatory approvals, settling any questions, difficulties, or doubts that may arise in this regard, and delegating all or any of the powers herein conferred to any Director, Chief Financial Officer, Company Secretary, or any other Authorized Representative of the Company, without requiring further consent from the Members. RESOLVED FURTHER THAT all actions taken by the Board in connection with any matter referred to or contemplated in this Resolution prior to the passing of this Resolution be and are hereby approved, ratified, and confirmed in all respects." 4. Material Related Party Transaction(s) between the Company and M/s Rajesh Explosives Private Limited, Holding Company. To consider and, if thought fit, to pass the following Resol [Showing first 8,000 characters — download PDF for full document]