Annual Report for the financial year 2025-26

Annual Report 2025-26 Isgec Heavy Engineering Limited Integrated. Evolving. Resilient. INTEGRATED. Integrated EVOLVING. Integration lies at the heart of our organisation. Our diversified businesses, advanced manufacturing facilities, engineering excellence, global technology partnerships and project RESILIENT. execution capabilities function as a unified ecosystem. This interconnectedness enables us to deliver comprehensive, end-to-end engineering solutions while creating synergies that enhance efficiency, strengthen competitiveness, and unlock long-term value beyond individual business verticals. An enduring engineering enterprise is much more than the products it manufactures or the projects it delivers. It is defined by the strength of the capabilities it brings together, the agility with which it responds to change, and the resilience that enables it to create sustainable value across evolving business cycles Evolving For over nine decades, Isgec has built its reputation on these enduring strengths. Our integrated business Engineering is a constant process of transformation. model, continuous pursuit of innovation and As industries embrace new technologies, sustainability unwavering commitment to operational excellence imperatives and changing customer expectations, have enabled us to grow with purpose while adapting we continue to strengthen our capabilities through to an increasingly dynamic industrial landscape. These investments in innovation, manufacturing excellence, principles reflect in what we do, and how we create digitalisation and strategic partnerships. By expanding value for our customers, partners, employees and into emerging opportunities and enhancing our communities. technological depth, we remain well-positioned to address the needs of tomorrow while reinforcing our Integrated. Evolving. Resilient. These three defining leadership across established markets. qualities form the foundation of our journey and the lens through which we present our performance, progress and aspirations in this Annual Report. Resilient Resilience is the outcome of disciplined execution, prudent governance and a steadfast commitment to responsible growth. It is reflected in our ability to leverage changing market conditions, build on our financial strength, uphold the highest standards of quality and safety, and create lasting value for all our stakeholders. Guided by a people-centric culture and a strong sense of responsibility towards society and the environment, we continue to build an organisation that is prepared not only to withstand change, but to emerge stronger through it. WHAT’S INSIDE COMPANY OVERVIEW An Integrated Engineering Conglomerate — 93 Years of Growth 04 Three Business Segments 06 THE REPORT 12 Facilities. One Integrated Organization. 10 Our Marquee Clientele 12 Quality Accreditations 14 Financial Highlights 16 3000T Mechanical Transfer Press Line for Automobile Industry A Growing Organisation. A Deepening Talent Base. 18 External Awards & Recognitions 22 Corporate Social Responsibility 24 Leadership and Executive Management 28 STATUTORY REPORTS Board’s Report 32 Management Discussion and Analysis 46 Report on Corporate Governance 81 Business Responsibility and 108 Sustainability Report FINANCIAL STATEMENTS Standalone Financial Statements 170 Consolidated Financial Statements 267 To view the report online, log on to Scan the QR code to know www.isgec.com https://www.isgec.com/aboutus- more about the company financials-annual-reports- investor.php Corporate Overview Annual Report 2025-26 Our Enduring Principles An Integrated Engineering Through every phase of our evolution - from sugar to presses, from presses to boilers, from boilers to reactors, and from reactors to clean energy solutions, we have remained guided by the same enduring principles. Integrity in everything we do, Conglomerate — 93 Years of Growth responsible environmental stewardship, an unwavering commitment to health and safety, and a deep sense of responsibility towards the communities around our operations have shaped every milestone of our journey. These values are not simply embedded in our business,they define who we are and continue to guide how we create sustainable value for all our Isgec Heavy Engineering Limited (hereafter “Our Company” or “We”) traces its origins to 1933, when it was established as stakeholders. Saraswati Sugar Syndicate Limited with a sugar mill having a crushing capacity of 400 tonnes per day at Yamunanagar, Haryana. In 1946, we took a defining step by expanding into the manufacture of engineering goods alongside our sugar business, a strategic decision that laid the foundation for our transformation into one of India’s leading diversified heavy engineering companies. Over more than nine decades, we have continuously strengthened our capabilities, broadened our portfolio and expanded our global footprint. Today, we are a diversified, integrated heavy engineering enterprise, delivering comprehensive engineering solutions across manufacturing, industrial projects, and sugar & ethanol. Our advanced manufacturing infrastructure, engineering expertise and long-standing technology partnerships enable us to address complex customer requirements across industries and geographies. Today, with consolidated income of `6,92,228 Lakh, a permanent workforce of 2,970, and equipment supplied across 99 countries spanning six continents, we continue to build on our legacy of engineering excellence. Guided by innovation, operational discipline and a steadfast commitment to creating long-term stakeholder value, we remain focused on engineering solutions that power industries, strengthen economies and contribute to a more sustainable future. Decades of Transformation- Selected Milestones 1988 2025-26 Technology tie-up for Circulating 1933 Fluidised Bed Combustion Income `6,92,228 Lakh Founded as Saraswati Sugar (CFBC) boilers — now a global l 99 countries served Syndicate Limited — a sugar mill with leadership position l 10 manufacturing plants 400 Tonnes Crushed per Day (TCD) crushing capacity in Yamunanagar, 2012 Haryana 1965 Joint Venture with 2018 2023 Established Isgec John Hitachi Zosen Acquired 100% Ethanol capacity Thompson Ltd. for 2007 Corporation, Japan (now stake in Eagle at Saraswati Sugar industrial boilers — the Group turnover Kanadevia Corporation) Press & Equipment Mills, Yamunanagar beginning of the project crossed — Isgec Hitachi Zosen Co. Ltd., Windsor, enhanced to 160 business `100,000 Lakh Ltd. established Canada Kilo Liter Per Day 1946 1985 1998 2008 2015 2021 2024 Commenced manufacturing Technology transfer Licensing agreement with • Listed on the Three new joint ventures • Listed on the National Cavite Biofuel Producers of engineering goods agreement with Rovetta Belleli, Italy for high-pressure Bombay Stock with: Stock Exchange Inc. (Philippines) ethanol alongside sugar — the Presse Spa, Italy for reactors for oil refineries and Exchange • Sumitomo SHI FW • 100 Kilolitres Per Day plant commissioned petrochemicals founding pivot mechanical presses • Dahej plant (Finland), (KLPD) ethanol plant — our first overseas established for large • Titan Metal Fabricators commissioned at SSM manufacturing process equipment (USA), operation • Redecam (Italy) Corporate Overview Annual Report 2025-26 THREE BUSINESS SEGMENTS Cumulative Track Record 6,000+ Presses Supplied Across 5 continents 1,000+ Boilers Supplied Industrial, green & power 250+ 37% 50% 12% of Financial Year of Financial Year of Financial Year Sugar Plants & Distilleries 2025-26 Revenue 2025-26 Revenue 2025-26 Revenue Largest supplier globally Manufacturing of Machinery & Equipment Industrial Projects Sugar & Ethanol 2,75,000+ Nine facilities in India and one in Canada. Engineering-led Single-point turnkey responsibility from concept to Saraswati Sugar Mills is a premier Indian sugar producer Liquified Gas Containers design and fabrication of capital goods and engineered commi [Showing first 8,000 characters — download PDF for full document]