Annual Report for Financial Year 2025-26.

03rd September 2026 To To The Department of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Tower Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai – 400 001 Mumbai-400051 SCRIP CODE: 531109 SYMBOL: ISHANCH Sub: FILING OF 33RD ANNUAL REPORT 2025-26 UNDER REGULATION 34(1) THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015. Dear Sir, Please refer to our letter dated 14th August, 2026 intimating that the 33rd Annual General Meeting (“AGM 2026”) of the Members of the Company is scheduled to be held on Tuesday, 29th September, 2026 at 03:00 PM IST through Video Conferencing (VC) or Other Audio Video Means (OAVM). Pursuant to Regulation 30 and 34(1) of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) as amended from time to time, we are submitting herewith the copy of the Annual Report 2025-26 of the Company. As per the circulars issued by Ministry of Corporate Affairs and SEBI, the aforesaid documents are electronically dispatched to those members whose email IDs are registered with the Company/ MCS Share Transfer Agent Limited ("Registrar and Share Transfer Agent" of the Company) or the Depositories. The Annual Report 2025-26 will also be uploaded on the Company’s website. You are requested to kindly take the note of the above and display the same on notice of the exchange. Thanking you, Yours faithfully, For and on behalf of Ishan Dyes and Chemicals Limited Shrinal P. Patel Whole-Time Director DIN – 02992519 Enclosed: A/a ISHAN DYES AND CHEMICALS LIMITED 33RD ANNUAL REPORT 2025-26 Ishan Dyes and Chemicals Limited 33rd Annual Report 2025-26 Index Corporate Information 1 Notice of the 33rd Annual General Meeting 2 Board of Directors’ Report 11 Annexures to Board of Directors’ Report 22 Management Discussion and Analysis Report 44 Statutory Auditors’ Report 46 Balance Sheet 59 Profit & Loss Account 61 Cash Flow Statement 62 Notes Forming Part of Financial Statements 65 Ishan Dyes and Chemicals Limited 33rd Annual Report 2025-26 CORPORATE INFORMATION BOARD OF DIRECTORS SHRI PIYUSHBHAI NATVARLAL PATEL - Managing Director (Promoter) SHRI SHRINAL PIYUSHBHAI PATEL - Whole-Time Director (Promoter) Non-Executive and Non-Independent Director SMT ANILABEN PIYUSHBHAI PATEL - (Promoter) (Upto October 16, 2025) SMT MIRALI HEMANTBHAI PATEL - Executive Director (Promoter) SHRI RONAK YATINKUMAR DESAI - Independent Director (Upto September 28, 2025) SHRI NIRMAL TIWARI - Independent Director SMT APEXA AJAYKUMAR PANCHAL - Independent Director SHRI DARSHAN BIPINCHANDRA SHAH - Independent Director CHIEF FINANCIAL OFFICER - Shri Chintan Prakashbhai Pancholi Anisha Jain (Upto January 27, 2026) COMPANY SECRETARY & COMPLIANCE OFFICER - Vidushi Jain (w.e.f. February 03, 2026) The Kalupur Commercial Co. Op. Bank Limited. Kotak Mahindra Bank Limited. BANKERS - CITI Bank. HDFC Bank Limited STATUTORY AUDITORS - A. R. Sulakhe & Co., Chartered Accountants. INTERNAL AUDITORS - H D Panchal & Co., Chartered Accountants. SECRETARIAL AUDITORS Kunal Sharma & Associates, Company Secretaries 18, GIDC Estate, Phase – 1, Vatva, Ahmedabad – 382 445, Gujarat, INDIA Tel.: 079-25832144/25893607 REGISTERED OFFICE & FACTORY ADDRESS - Fax: 079-25833643 E-mail: cs.ishandyes@gmail.com Website: www.ishandyes.com CIN - L24110GJ1993PLC020737 MCS Share Transfer Agent Limited 1st Floor, Neelam Apartment, 88, Sampatrao Colony, Above Chappanbhog Sweet, Alkapuri, Vadodara – 390 REGISTRAR AND SHARE TRANSFER AGENT (RTA) - 007, Gujarat, INDIA Tel No: 0265-2314757/2350490 E-mail: mcsltdbaroda@gmail.com BSE Limited (Scrip Code - 531109) LISTING STATUS - National Stock Exchange of India Limited (Symbol – ISHANCH) Ishan Dyes and Chemicals Limited 33rd Annual Report 2025-26 NOTICE OF THE 33RD ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT THE THIRTY THIRD (33RD) ANNUAL GENERAL MEETING (“AGM”) OF THE EQUITY SHAREHOLDERS OF ISHAN DYES AND CHEMICALS LIMITED (“THE COMPANY”) WILL BE HELD THROUGH TWO-WAY VIDEO CONFERENCING (“VC”) OR OTHER AUDIO-VISUAL MEANS (“OAVM”) ON TUESDAY, 29TH SEPTEMBER 2026 AT 03:00 PM IST TO TRANSACT THE FOLLOWING BUSINESSES: ORDINARY BUSINESS: 1. ADOPTION OF THE ANNUAL AUDITED STANDALONE FINANCIAL STATEMENTS AND REPORTS THEREON: To receive, consider, approve and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2026 together with the Reports of the Board of Directors’ and the Auditors’ thereon, and in this regard, to consider and if thought fit, to pass the following as an Ordinary Resolution: “RESOLVED THAT the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2026, along with the reports of the Board of Directors and the Auditors thereon, as circulated to the Members be and are hereby received, considered and adopted.” 2. RE-APPOINTMENT OF MR. SHRINAL P PATEL (DIN: 02992519) AS A DIRECTOR RETIRING BY ROTATION: To consider and approve re-appointment of Mr. Shrinal P Patel (DIN: 02992519) as a director, who is retiring by rotation and being eligible, offers himself for re-appointment, and in this regard, to consider and if thought fit, to pass the following as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Section 152 and other applicable provisions, if any, of the Companies Act, 2013, and the rules made thereunder including any statutory modification(s) or re-enactment thereof for the time being in force, Mr. Shrinal P Patel (DIN: 02992519), who retires by rotation at this meeting and being eligible offers himself for re- appointment, be and is hereby re-appointed as Director of the Company who shall be liable to retire by rotation in accordance with the provisions of the Companies Act, 2013.” By order of the Board of Directors For Ishan Dyes and Chemicals Limited Sd/- 14th August 2026 Piyush N. Patel Ahmedabad Managing Director DIN – 00450807 Registered office: 18, G.I.D.C Estate, Phase – 1, Vatva, Ahmedabad– 382445, Gujarat, INDIA Tel No: 079-25832144/25893607, Fax: 079-25833643 Email id: cs.ishandyes@gmail.com, CIN: L24110GJ1993PLC020737 NOTES: 1. In view of the various circulars issued by the Ministry of Corporate Affairs (“MCA Circulars”) and the Securities and Exchange Board of India (“SEBI Circulars”) from time to time and in compliance with the provisions of the Companies Act, 2013 (“the Act”) and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), the 33rd Annual General Meeting (“AGM”) of the Members of the Company is being conducted through Video Conferencing or Other Audio Visual Means (“VC / OAVM”), which does not require physical presence of members at a common venue. The deemed venue for the AGM shall be the Registered Office of the Company. Hence, the Members can attend and participate at the ensuing AGM through VC/OAVM, and physical attendance of Members is not required. 2. Pursuant to the provisions of the Companies Act, 2013 (“the Act”), a Member who is entitled to attend and vote at the AGM is also entitled to appoint a proxy to attend and vote on his / her behalf and the proxy need not be a Member of the Company. Since this AGM is held through VC/OAVM the physical attendance of members is dispensed with. Accordingly, the facility for appointment of proxies by the Members will not be available for the AGM and hence, the Proxy Form and Attendance Slip are not annexed to this Notice. However, in pursuance of Section 113 of the Act, authorized representative of the Corporate Member(s) may be appointed for the purpose of participation in the 33rd AGM through VC / OAVM and also for remote e-Voting during the 33rd AGM. 3. A body corporate intending to appoint their authorized representative(s) to attend the Meeting are requested to send a certified copy of resolution of the Board of Directors or other governing body author [Showing first 8,000 characters — download PDF for full document]