Due to notice of certain typographical error in 68th Annual Report of the company for Financial year 2025-26, corrigendum is issued to the shareholders. Accordingly revised Annual Report is attached.

Grauer & Weil (lndia) Limited GROWEL cHEMICALS I ENGINEERING I PAINTS I LUBRICANTS I REAL ESTATE stNcE 1957 Date:3L-A8-2O26 The Deputy General Manager, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - m00O1 Reg. SecuriW Code No.505710 Sub. Conisendum to the Annual Report for Financial Year ended March 31. 2026 Dear Sir / Madam, This is with reference to the Annual Report of Grauer & Weil (lndia) Limited ("Company'') for the financial year 2025-26, submitted to the Stock Exchanges on August 26, 2026, pursuant to Regulation 34 of the Securities and Exchange Board of lndia (Listing Obligations and Disclosure Requirements) Regulations, 2O15. Subsequent to the filing, we noticed certain inadvertent typographical errors in the Annual Report, as detailed below: Page No. 98 - Business Responsibility and Sustainability Report (BRSR): "Purchase from top 10 trading houses as % oftotal purchase from trading houses" should be read as 51.09% instead of L2.50%. 'Sales (Sales to related parties as To of Total Sales)" should be read as 0.06% instead of 5.75%. Page No. 180 - Note No. 33 J(bl (Related Party Transactions): "Purchase of Assets from an Enterprise of KMP" should be read as t0.10 Lacs instead of t9r500.00 Lacs, and the amount under the 'Total" column should be read as t89.12 Lacs instead of t9,589.02 tacs. Page No. 222- Note No. 17 (Deferred Tax Liabilities (Net)): a. * "Deferred Tax Asset Accrued expenses allowable on actual payments" should be read as <(246.30) Lacs instead of t(8O065.50) tacs. b. "lncome Tax on lnd AS adjustments" should be read as t(262.131 tacs instead of t79,557.07 l-acs. The aforesaid disclosure corrections are non-material in nature and do not have any impact on the Standalone and Consolidated Financial Statements, the Report of the Statutory Auditors, the financial position or financial performance of the Company, the Notice conveni nual Regd. offlce: Growel Corporate, Akurli Road, Kandivli MBAI Mumbai (Maharashtra) 4OO 101, lndia T +9122 66993000 F+9122 66993010 E ? * www.growel.com c I N L74999 M Ht 957 PLCO| 0975 Grauer & Weil (lndia) Limited GROWEL CHEM|CALS I ENGTNEERTNG I PATNTS I LUBRTCANTS I REAL ESTATE slNcE 1957 General Meeting the resolutions proposed for approval of the Members, the voting rights of the Members, or any otherfinancial information contained in the Annual Report. Except for the amendments set out in the Corrigendum, all other contents of the Annual Report for FY 2025-26 remain unchanged. The communication informing all the Shareholders about the Corrigendum has already been circulated. A copy of the updated Annual Report is enclosed herewith and is also being made available on the website of the Company at https ://growel.com/su bpage/a n n ua l-report We request you to take the enclosed Corrigendum on record and update the same on your portal for the information of the shareholders and investors. We regret the inconvenience caused and request you to take the enclosed Corrigendum on record. Thanking you, Yours faithfully, For Grauer & Weil (lndia) Limited sV'lEig MUMBA, 4001 0 t K. GANDHI *; COMPANY SECRETARY Regd. Office: Growel Corporate, Akurli Road, Kandivli (E), Mumbai (Maharashtra) 4OO 1O1, lndia T +9122 66993000 F +9122 669930iO E hq@growel.com www.growel.com CI N L74999M HI 957 PLCOI 0975 Catalysing Progress Annual Report 2025-2026 Every meaningful Our journey began with specialty chemicals, the foundation of who we are. Over nearly transformation begins seven decades, we have evolved this with the right catalyst. expertise to become one of India’s most integrated surface finishing platforms, In chemistry, a catalyst delivering advanced solutions that protect accelerates change, making and enhance critical assets across industries. Today, our Chemicals, Engineering, Paints and Scan the QR Code reactions more efficient Lubricants businesses catalyse growth across to know more about without losing its own industrial sectors such as Automotive, Oil & the Company essence. For Grauer & Weil, Gas, Railways, Electric Mobility, Electronics, Semiconductors, Renewable Energy, this principle extends far Aerospace and Defence, and more. To view the report online log on to beyond science. It reflects the Chapters at a https://www.growel.com/subpage/annual-report way we innovate, collaborate Catalysing progress shapes the way we build Glance capabilities. Through research, manufacturing and create value, accelerating excellence, digital innovation and global industrial advancement expansion, we help customers improve efficiency, durability, and sustainability. Every while strengthening the solution and partnership strengthens our role very foundations on which as an enabler of industrial progress. Corporate Statutory progress is built. As industries evolve, our purpose remains Overview Reports clear: to create the conditions for faster, stronger, and more sustainable progress. This is the chemistry behind our purpose. 02 About Us 46 Notice to the members 04 Our Journey 62 Directors’ Report to the Shareholders 06 Financial Highlights 69 Management Discussion 08 Geographic Presence and Analysis 10 Chairman’s Message 74 Corporate Governance 12 Managing Director’s Report Message 90 Business Responsibility and 14 Operating Environment Sustainability Report 18 Our Offerings 23 Research and Development Financial 24 Manufacturing Excellence Statements 28 Media and Exhibition 29 Environment Stewardship Standalone Consolidated This is how 32 Our People 125 Independent Auditor’s 186 Independent Auditors’ 34 Community Welfare Report Report we are 38 Governance 136 Balance Sheet 194 Balance Sheet 40 Board of Directors 137 Statement of Profit and Loss 195 Statement of Profit and Loss Catalysing 44 Corporate Information 138 Statement of Cash Flow 196 Statement of Cash Flow 45 Five-Year Performance 140 Statement of Changes in 198 Statement of Changes in Progress. Highlights Equity Equity 142 Notes to the Financial 201 Notes to the Financial Statements Statements GRAUER & WEIL (INDIA) LIMITED ANNUAL REPORT 2025-26 CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS About Us The Chemistry of Growth Our capabilities are built on deep domain Since 1957, Grauer & Weil (India) Limited (Growel) has expertise, manufacturing excellence, research-driven innovation and close shaped the evolution of surface finishing through engineering collaboration with customers. With excellence, technical expertise, and innovation. Today, we manufacturing facilities across India, an extensive domestic and international are the only company in India and among a select few sales and distribution network and one of the country's most comprehensive globally to offer fully integrated corrosion protection and surface finishing portfolios, we deliver surface enhancement solutions across diverse substrates solutions that enhance durability, improve operational efficiency and create and industries. Our portfolio spans advanced specialty long-term value for customers across chemicals, industrial coatings, engineering systems, lubricants high-growth sectors. and real estate, enabling us to address complex industrial As the first Indian surface finishing company to achieve EN9100 certification, requirements through a unified platform. we uphold rigorous standards of quality, reliability and process excellence. We strengthen our capabilities through technology advancement, capacity enhancement, and sustainable business practices, enabling us to respond effectively. With a focus on innovation and customer success, we are advancing solutions that support our customers, partners, communities and shareholders while reinforcing Growel’s position as a trusted name in surface finishing and corrosion protection. Vision Mission To be in the top 2 in To be a predominant global all our businesses on player in the field of Surface the strength of our finishing, which invokes people and values. pride in all our stakeholders through innovation, customer [Showing first 8,000 characters — download PDF for full document]