Annual Report of the Company for the FY 2025-26

REGD. OFFICE: SCO 49-50, SECTOR 8-C, MADHYA MARG CHANDIGARH- 160 009 (INDIA) CIN: L15322CH1991PLC011537, Website: www.ranasugars.com, E-mail: info@ranagroup.com TEL.: 0172-2540007, 2549217, 2541904, 2779565, 2773422, FAX: 0172-2546809 RSL/2026-27/CS Dated: 3rd September, 2026 Department of Corporate Services (DCS) National Stock Exchange of India Limited The BSE Limited, Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Mumbai-400001. Bandra (E), Mumbai- 400051 Ref: Scrip Code: 507490 Company Symbol: RANASUG Sub: Notice of the 34th Annual General Meeting to be held on 30th day of September, 2026 and Annual Report for the Financial year ended 31st March, 2026. Ref: Regulation 30 and 34 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015. Dear Sir/Ma’am, In terms of Regulation 30 and 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Notice of the 34th Annual General Meeting ("AGM") of the Company, along with the Annual Report 2025-26 for the financial year ended 31st March, 2026. In accordance with the relevant circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India, the notice of 34th Annual General meeting and Annual report 2025-26, are being dispatched electronically to those Members, whose email IDs are registered with the Company/ Depository Participants. The Notice of the 34th AGM and Annual Report 2025-26 is available on the Company's website and can be accessed at www.ranasugars.com. You are requested to take the above information on your records. Thanking you, Yours sincerely, For Rana Sugars Limited Madhur Bain Singh Company Secretary Enclosure as above Contents Particulars Page No. Corporate information 02 Performance 5 years 03 Notice of Annual General Meeting 04 Report of the Board of Directors 21 Annexure 1: Form No. AOC-2 31 Annexure 2: Conservation of Energy, Technology Absorption & Foreign Exchange Earnings & Outgo 32 Annexure 3: Statement of Disclosure of Remuneration 34 Annexure 4: Corporate Social Responsibility Report 36 Annexure 5: Secretarial Audit Report 41 Annexure 6: Corporate Governance Report 44 Annexure 7: Nomination, Remuneration & Board Diversity Policy 65 Chief Executive Officer (CEO) And Chief Financial Officer (CFO) Certification 66 Certificate of Non-Disqualification of Directors 67 Certificate on Corporate Governance 68 Management Discussion and Analysis Report 69 Auditors’ Report on Standalone Financial Statements 91 Standalone Financial Statements 103 For More information, please visit our website Caution Regarding Forward-Looking Statements In this annual report, we have disclosed forward-looking information to enable investors to comprehend our prospects and make informed investment decisions. This report and other statements - written and oral - that we periodically make contain forward-looking statements that set out anticipated results based on the management’s plans and assumptions. We have tried wherever possible to identify such statements by using words such as ‘anticipate’, ‘estimate’, ‘expect’, ‘project’, ‘intend’, ‘plan’, ‘believe’, and words of similar substance in connection with any discussion of future performance. We cannot guarantee that these forward-looking statements will be realized, although we believe we have been prudent in assumptions. The achievement of results is subject to risks, uncertainties, and even inaccurate assumptions. Known or unknown risks or uncertainties materialize, or underlying assumptions may prove inaccurate, actual results could vary materially from those anticipated, estimated, or projected. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise. Rana Sugars Limited [Annual Report 2025-26] 1 Corporate Information BOARD OF DIRECTORS DESIGNATION REMARKS ON CHANGES Rana Ranjit Singh Chairman & Non- Executive Director Rana Veer Pratap Singh Managing Director Ms. Navpreet Kaur Non -Executive Independent Director Mr. Surjeet Kaushal Non -Executive Independent Director Mr. Anil Singh Negi Non -Executive Independent Director (Appointed w.e.f. 14th August, 2025) Mr. Gaurav Garg CFO/Whole-time Director (Appointed w.e.f. 26th February, 2026) Mr. Basant Kumar Bajaj Non -Executive Director ( Resigned w.e.f. 15th May, 2025) Mr. Harneet Singh Oberoi Non -Executive Independent Director (Resigned w.e.f. 15th November, 2025) KEY MANAGERIAL PERSONNEL DESIGNATION Mr. Madhur Bain Singh Company Secretary Mr. Gaurav Garg Chief Financial Officer STATUTORY AUDITORS M/s Ashwani K. Gupta & Associates Chartered Accountants, 1044-A, Sector-2, Panchkula. SECRETARIAL AUDITORS M/s A. Arora & Co. Company Secretary, SCO 64-65, Sector- 17 A, Madhya Marg, Chandigarh. REGISTRAR AND TRANSFER AGENT Alankit Assignments Limited 205-208, Anarkali Market, Jhandewala Complex, New Delhi-110055 Tel. No.: 011-42541234, 23541234 Fax No.: 011-23552001 Email: info@alankit.com, rta@alankit.com Website: www.alankit.com REGISTERED OFFICE SCO 49 - 50, Madhya Marg, Sector 8-C, Chandigarh-160009 Tel. No.: 0172-2540007/ 2549217/ 2541904/ 2779565/ 2773422 Website: www.ranasugars.com Fax: 0172-2546809 E-Mail ID: info@ranasugars.com WORKS LOCATION Works location 1 : Village Buttar Seviyan, Teh. Baba Bakala, Distt. Amritsar, Punjab. Works location 2 : Village Belwara, Teh. & Distt. Moradabad, Uttar Pradesh. Works location 3 : Village Karimganj, Teh. Shahabad, Distt. Rampur, Uttar Pradesh. Works location 4 : Village Lauhka, Teh. Patti, Distt. Tarn Taran, Punjab. BANKERS/ PUBLIC FINANCIAL INSTITUTION Indian Renewable Energy Development Agency Limited (IREDA) India Habitat Centre, East Court, Core-4A, 1st Floor, Lodhi Road, New Delhi - 110003 Zila Sahkari Bank Limited Ghaziabad R. D. C., A- 20, Raj Nagar, Post Box No. 110, Ghaziabad, Uttar Pradesh - 201002 U. P. State Co-operative Bank Limited (Formerly known as Uttar Pradesh Cooperative Bank Limited) H.O. 2 - Mahatma Gandhi Marg, Lucknow, Uttar Pradesh- 226001 UCO Bank SCO: 55-56-57, Sector 17 B, Chandigarh – 160017 Rana Sugars Limited [Annual Report 2025-26] 2 Performance (5 years) CAPACITY IN OPERATIONS Sugar capacity Distillery Installed cogeneration Units (Tonnes of Cane Crushed per day) (Kilolitres per day) capacity (MW) Buttar, Amritsar 7500 - 46 Lauhka, Tarn Taran - 225 Captive Belwara, Moradabad 6500 110 29 Sahahbad, Rampur 6500 - 27 Total 20500 335 102 FINANCIAL HIGHLIGHTS FOR FIVE FINANCIAL YEARS (Rs. in Lakhs) Particulars Mar, 2022 Mar, 2023 Mar, 2024 Mar, 2025 Mar, 2026 Revenue from operations 1,40,029.15 1,62,748.23 1,59,262.59 1,74,515.51 1,74,344.14 Other Income 406.20 2,340.29 1,789.92 3,377.08 3,086.85 Total Income 1,40,435.35 1,65,088.52 1,61,052.51 1,77,892.59 1,77,430.99 Stock adjustments -13,479.60 -5,468.87 5748.82 6182.21 19,158.68 Cost of material consumed 1,12,289.16 1,27,948.48 1,20,053.62 1,27,659.18 1,17,073.18 Gross profit 41,625.79 42,608.91 35,250.07 44,051.20 41,199.13 Overheads and all other expenditure 23,450.31 28,936.26 25,182.12 33,568.44 34,042.79 PBDIT 18,175.48 13,672.65 10,067.95 10,482.77 7,156.34 Finance costs 2,883.27 2,291.04 2,836.34 3,359.81 2,961.52 PBDT 15,292.19 11,381.61 7,231.61 7,122.96 4,194.82 Depreciation & Amortisation expenses 2,772.93 3,133.95 3,533.92 3,745.20 3,793.89 PBT and exceptional items 12,519.26 8,247.66 3,697.69 3.377.75 400.93 Exceptional items -1617.36 - - - 3,237.54 Pre-tax profit 10,901.92 8,247.66 3,697.69 4,411.12 3,638.47 Tax 2,380.42 1,908.03 900.96 972.83 1,257.07 Profit for the year 8,521.50 6,339.63 2,796.73 3,438.29 2.381.40 (Rs. in Lakhs) (Rs. in Lakhs) 40.00 20.00 0.00 2022 2023 2024 2025 2026 Rana Sugars Limited [Annual Report 2025-26] 3 EGATNECREP Gross Profit vs PBDIT vs Pre- Total Income vs Profit tax Profit 200,000.00 150,000.00 100,000.00 50,000.00 0.00 YEARS 2022 2023 2024 20 [Showing first 8,000 characters — download PDF for full document]