Intimation

SHRI GANG INDUSTRIES AND ALLIED PRODUCTS LIMITED Corporate office: F-32/3, Okhla Industrial Area, Phase- II, New Delhi- 110020 Regd Off & Works: - Plot No B-2/6, B-2/7, UPSIDC Industrial Area- Phase IV, Sandila, Distt Hardoi, U.P-241204 Sikandrabad Works-A-26 UPSIDC Industrial Area, Sikandrabad, Bulandshahar, U.P.-203205 E. id:-secretarial@shrigangindustries.com website:-www.shrigangindustries.com Tel No: 011-42524499 September 03, 2026 The Executive Director BSE Limited Floor 25, P J Towers Dalal Street, Mumbai-400001 Scrip Code: 523309 Sub: Submission of 37th Annual Report of the Company for the Financial Year 2025-26. Dear Sir, Pursuant to Regulation 34(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”), please find enclosed herewith the Annual Report of the Company for the Financial Year ended March 31, 2026, which is being sent through electronic mode to those members whose e-mail addresses are registered with the Company/RTA/Depository Participant(s). Further, a physical communication in accordance with Regulation 36(1)(b) of SEBI LODR is also being sent by the Company to all those members, whose email addresses are not updated in records, which contains the exact link of the Company’s website to access the Notice and Annual Report and other relevant information. The Annual Report for the Financial Year 2025-26 is also available on the Company’s website www.shrigangindustries.com & can be accessed through the following link/QR code: Link https://www.shrigangindustries.com/Investor-Section/pdfs/Annual%20Report%20-%202025- 26.pdf Code Kindly take note of the same and acknowledge the receipt. Thanking You Yours Truly For Shri Gang Industries and Allied Products Limited Kanishka Jain (Company Secretary and Compliance Officer) Encl: as above CIN: L11011UP1989PLC011004 Shri Gang Industries and Allied Products Limited ANNUAL REPORT 2026 2026 CRAFTING EXCELLENCE. CREATING ENDURING VALUE. SUSTAINABLE RESPONSIBLE STRONG GROWTH COMMUNITIES GOVERNANCE ROOTED IN HERITAGE. DRIVEN BY INNOVATION. GROWING SUSTAINABLY, BUILDING TOMORROW. TABLE OF C O N T E N T S CORPORATE OVERVIEW Who We Are 01 Our Mission, Vision & Values 03 Chairman’s Message 04 COO’s Message 06 Leadership Team 08 Our Integrated Operations 09 Our Strategic Brand Portfolio 12 Our Capitals 13 Beyond Business: our CSR Commitment 14 Key Performance Indicator(s) 18 Financial Performance Overview 19 STATUTORY REPORTS Board’s Report 25 Report on Corporate Governance 47 Management Discussion and Analysis Report 76 Shri Gang Industries and Allied Financial Statement 89 Products Limited Notice of Annual General Meeting 151 WHO WE ARE “A Legacy of Transformation and Growth” “BUILDING ON A LEGACY. CREATING A SCALABLE ALCOBEV PLATFORM.” SHRI GANG INDUSTRIES & ALLIED PRODUCTS LIMITED has undergone a significant transformation from its origins in the edible oils business to emerge as an integrated alcoholic beverages manufacturing company. The Company's evolution has been guided by a clear focus on adapting to changing market opportunities, strengthening manufacturing capabilities and building a platform capable of supporting sustainable, long-term growth. Today, the Company operates an integrated Alcobev manufacturing platform at Sandila, Hardoi, Uttar Pradesh, combining grain-based Extra Neutral Alcohol (ENA) production with IMFL bottling and contract manufacturing. This operating configuration provides the Company with greater visibility across the manufacturing value chain and a strong foundation from which to pursue measured capacity expansion, deepen customer relationships and develop its own brand portfolio. OUR EVOLUTION The Company's transformation has been progressive and capability-led. Beginning with edible oils, it entered the alcoholic beverages segment in 2020, commissioned its grain-based distillery in 2022, expanded distillation capacity to 66 KLPD in 2025 and further broadened its manufacturing relationships in FY2025-26. Each stage has added a new capability to the Company's operating platform. 1989 – Commenced operations in Sikandrabad, District Bulandshahar, Uttar Pradesh, with entry into the edible oils industry. 1990 – Commissioned a modern refinery for Vanaspati and refined oils. 2020 – Entered the alcoholic beverages segment through a state-of-the-art liquor bottling facility at Sandila, Hardoi. 2022 – Commissioned a 55 KLPD grain-based distillery, establishing an integrated source of ENA. 2025 – Enhanced distillery capacity from 55 KLPD to 66 KLPD. FY2025-26 – Strengthened the manufacturing opportunity set through a contract manufacturing tie-up for IMFL brands of Tilaknagar Industries. AN INTEGRATED OPERATING PLATFORM The Company's principal strength lies in the integration of its distillery and bottling operations. The grain-based distillery processes rice and maize through fermentation and distillation to produce ENA, which can be utilised for in-house requirements as well as third-party manufacturing. The downstream bottling facility enables the Company to convert this manufacturing capability into finished products, providing a connected operating model from feedstock to finished beverages. 66 KLPD grain-based distillery with ENA production capability. 10-line state-of-the-art bottling facility with annual capacity of approximately 5.6 million cases. Integrated manufacturing infrastructure supporting quality, supply and cost management. Presence across contract manufacturing as well as proprietary UPML brands. Strategic location at Sandila, Hardoi, providing access to the Uttar Pradesh market and key agricultural feedstocks. QUALITY, PARTNERSHIPS AND CUSTOMER CREDENTIALS The Company's manufacturing credentials are reinforced by its relationship with United Spirits Limited (USL), part of Diageo PLC, for the production and bottling of premium IMFL and Scotch brands in Uttar Pradesh. The relationship provides a strong operating reference for the Company's manufacturing standards and execution capabilities. During FY2025-26, the Company produced approximately 2.9 million cases for Diageo and supplied approximately 8.72 million litres of ENA from its in-house distillery. Revenue from Diageo contracts was approximately Rs. 236 crore, representing around 64% of total revenue, while approximately 75% of bottling capacity was utilised for the relationship. The Company also secured a contract manufacturing tie-up for IMFL brands of Tilaknagar Industries, further widening its customer and manufacturing opportunity set. A BALANCED PLATFORM FOR FUTURE GROWTH The Company is pursuing growth through a combination of established manufacturing relationships, increasing utilisation of its integrated asset base and development of proprietary brands. Its UPML portfolio includes Golden Cascade and Bulldozer, which are progressively building visibility and consumer acceptance. Over time, the combination of contract manufacturing and own-brand development is expected to provide greater breadth to the Company's business model. FY2025-26 – PROGRESS WITH FINANCIAL DISCIPLINE FY2025-26 marked another step forward in the Company's financial and operational transformation. The Company's FY26 investor material indicates a 38% revenue CAGR, 27% EBITDA CAGR and 12% PAT CAGR over FY23-FY26. At the same time, the balance sheet has strengthened materially, with Net Debt/EBITDA declining to 1.4x in FY26 from 14.5x in FY22 and interest coverage improving to 6.2x. Net worth turned positive in FY25, supported by sustained operating profitability. The Company reported more than Rs. 25 crore of annual cash profits over the last two years, as highlighted in its FY26 investor material. CFO/EBITDA stood at 0.72x in FY26, reflecting continued conversion of operating performance into cash generation. Promoter capital infusion through warrant subscription and sweat equity during FY26 further demonstrated long-term commitment to the Company' [Showing first 8,000 characters — download PDF for full document]