NOTICE AND ANNUAL REPORT 2025-26

Date: 03.09.2026 BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai –400001 Scrip Code: 539546 Sub: Submission of Annual Report of the Company for the Financial Year 2025-2026 pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations). Dear Sir/Madam, Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the 51st Annual Report of the Company for the Financial Year 2025–2026, along with the Notice convening the 51st Annual General Meeting (“AGM”) of the Company. The 51st AGM is scheduled to be held on Wednesday, 30th September, 2026 at 11:30 A.M. at the Corporate Office of the Company situated at 302, Signature Elite, J-7, Govind Marg, Narayan Singh Circle, Jaipur – 302004, Rajasthan. The said Notice which forms a part of the Annual Report for the financial year 2025-2026 has been sent electronically to the Members whose e-mail IDs are registered with the Company/Registrar and Share Transfer Agents of the Company/Depositories viz. the National Securities Depository Limited and Central Depository Services (India) Limited. We request you to kindly take the same on record. Thanking you. Yours faithfully, For Agribio Spirits Limited (Formerly known as Beekay Niryat Limited) Ratan Singh Managing Director DIN: 06818520 Encl: As Above AGRIBIO SPIRITS LIMITED ANNUAL REPORT 2026 Director’s Message Dear Shareholders, It is with great pride and optimism that I present to you the Annual Report for the financial year ended 2026. This past year has been a period of meaningful progress, resilience, and transformation for our company. Building on the foundations laid in previous years, we have achieved significant milestones that reflect our strategic focus, operational discipline, and the unwavering commitment of our people. A significant milestone during the year was the receipt of the Observation Letter dated February 17, 2026, from the Bombay Stock Exchange (BSE) in relation to the proposed Scheme of Amalgamation of the Company with its Associate Company, Agribiotech Industries Limited. The proposed merger is expected to strengthen the combined business by leveraging operational synergies, enhancing efficiencies, and creating long-term value for all stakeholders. Pursuant to the receipt of the said Observation Letter, the Scheme has been filed before the Hon’ble National Company Law Tribunal (NCLT) for its approval and is presently pending adjudication. Looking ahead, we are optimistic about the opportunities that lie before us. With a strong balance sheet, dedicated workforce, and robust strategies, we are confident of delivering sustainable value to our shareholders and stakeholders in the coming years. On behalf of the Board of Directors, I would like to express my gratitude to all our stakeholders — shareholders, customers, employees, financial institutions, and partners — for their continued trust and support in our journey. With warm regards, Ashutosh Bajoria OUR PRODUCTS BOARD OF DIRECTOR AND KMP Mrs. Puja Bajoria Mr. Ashutosh Bajoria (Non-Executive Director) (Non-Executive Director) Mr. Ratan Singh Mr. Nitin Hotchandani Mr. Kamal Kishore Sharma Mr. Gaurav Somani (Managing Director) (Independent Director) (Independent Director) (Chief Financial Officer) Ms. Madhuri Dhanopia (Company Secretary cum Compliance Officer) CORPORATE INFORMATION SECRETARIAL AUDITOR STATUTORY AUDITOR M/s Abhishek S Sharma & Associates M/s R P Khandelwal & Associates Company Secretary Chartered Accountants C-65-B, Mother Teresa Nagar, Near 402, Venkateshwar Tower, Central Spine, NWR Railway Office, Malviya Nagar, Vidyadhar Nagar, Jaipur-302039 RJ Jaipur-302017 RJ REGISTRAR AND SHARE TRANSFER PRINCIPAL BANKERS AGENT Niche Technologies Private Limited Punjab National Bank 3A, Auckland Place, 7th Floor, Nehru Palace, Jaipur Room No. 7A & 7B, Kolkata-700017 Phone: (033)-22806616/17/18 Fax: (033)-22806619 Email: nichetechpl@nichetechpl.com TABLE OF CONTENTS S. No. Particulars Page No. 1. Board’s Report 7 2. Annexure to the Board’s Report a. Secretarial Audit Report 16 b. Annual Secretarial Compliance Report 19 c. Details of Directors and Employees Remuneration 22 d. Nomination and Remuneration Policies 23 e. Management and Discussion Analysis 26 f. Corporate Governance Report 28 g. Certificate from CEO and CFO 42 h. Declaration regarding comCplioantctee bny Btosard members and 42 senior management personnel with the Company’s Code of Conduct i. Certificate of Non-Disqualification of Directors 43 j. Independent Auditor’s Certificate on compliance with the 44 Corporate Governance k. The Conservation Of Energy, Technology Absorption, 45 Foreign Exchange Earning and Outgo 3. Independent Auditor’s Report 46 4. Balance Sheet 47 5. Statement of Profit and Loss 54 6. Statement of Equity in Change 56 TABLE OF CONTENTS S. No. Particulars Page No. 7. Cash Flow Statement 57 8. Notes forming part of the Financial Statements for the year 58 ended March 31, 2026 9. Consolidated Financial Statements a. Independent Auditor’s Report 76 b. Balance Sheet 82 c. Statement of Profit and Loss 83 d. Statement of Change in Equity 84 e. Cash Flow Statement 85 f. Notes forming part of the Financial Statements for the year 86 ended March 31, 2026 10. Notice to Shareholders 113 11. Route map to AGM Venue 121 12. Attendance Slip 122 13. Proxy Form 123 51ST A NNUA L R EP OR T 20 2 5 - 2 6 DIRECTORS' REPORT TO THE SHAREHOLDERS Your Directors are happy to present the 51st Annual Report covering the operational and financial performance of your Company along with the Audited Financial Statements for the financial year ended 31st March, 2026. FINANCIAL RESULTS The highlights of the financial position for the year as compared to the corresponding period in the previous year are given below; (Rs. In Lakhs) Standalone Consolidated Particulars FY 2025-26 FY 2024-25 FY 2025-26 FY 2024-25 Revenue from Operations 4604.45 2007.50 4604.45 2007.50 Other Income 138.85 74.67 145.07 74.67 Total Income 4743.30 2082.17 4749.52 2082.17 Purchases 4475.56 1797.46 4489.82 1797.46 Employee Benefit Expenses 2.62 4.49 10.50 4.49 Administration and Other Expenses 59.30 97.65 77.99 97.65 Sub-Total 4537.48 1899.60 4578.31 1899.60 Profit before Interest, Depreciation and Tax 205.82 182.57 171.21 182.57 Depreciation and Amortization Expense 6.17 8.97 20.36 8.97 Profit before Interest and Tax 199.65 173.6 150.85 173.6 Finance Cost 28.35 18.34 29.38 18.34 Share of Profit/ (Loss) of Associates - - 172.88 150.50 Profit Before Tax & Extraordinary Items 171.30 155.26 294.35 305.75 Tax Expense -Current Tax 42.62 39.86 42.62 39.86 -Deferred Tax Liability/(Assets) 0.44 0.95 -42.77 0.95 -Income Tax for Earlier Years 3.76 - 3.76 - Net Profit for the Year 124.48 114.44 290.74 264.94 HIGHLIGHTS OF COMPANY’S PERFORMANCE The financial statements for the financial year 2025-26 of the company are prepared in accordance with relevant Indian Accounting Standards (Ind-AS) issued by the Institute of Chartered Accountants of India and form part of this Annual Report as notified by the Companies Act, 2013 read with Companies (Accounts) Rules, 2014 and other relevant provisions of the Act and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“The SEBI Listing Regulations”). Standalone Financial Results During FY 2025-26, the Company recorded a significant improvement in its standalone financial performance. Revenue from Operations increased to ₹4,604.45 lakh from ₹2,007.50 lakh in FY 2024-25, registering a growth of 129.38%. Total Income increased to ₹4,743.30 lakh as compared to ₹2,082.17 lakh in the previous year. Profit Before Tax increased by 10.33% to ₹171.30 lakh, while Net Profit increased by 8.51% to ₹124.48 lakh as against ₹114.44 lakh in FY 2024-25. Consolidated Financial Results On a consolidated basis, the Company reported a strong growth [Showing first 8,000 characters — download PDF for full document]