Enclosed herewith the Annual Report of Associated Coaters Limited for the financial year ended 31st March 2026, along with Notice of the Ninth Annual General Meeting of the company.

Associated Coaters Limited Powder Coating and Wood Finish on Metals. CIN: L28129WB2017PLC224001 | Mob.: 9830437701 Date: 03.09.2026 Listing Compliance BSE Limited Phiroze Jeejebhoy Towers, Dalal Street, Mumbai- 400001 Scrip code: 544183 Symbol: ASSOCIATED Subject: Notice of the 09th Annual General Meeting and the Annual Report for the Financial Year 2025-26 Dear Sir/ Madam, Pursuant to Regulation 30 & 34(1)(a) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform you that the Ninth Annual General Meeting ('AGM') of the Company will be held on Friday, 25th September, 2026 at 03:00 P.M. (IST) through Video Conferencing / Other Audio Visual Means. We are enclosing herewith a copy of the Notice of the 09th AGM and the Annual Report for your reference. The Notice of the 09th AGM and the Annual Report for FY 2025-26 will also be available on the website of the Company at https://associatedcoaters.in/investor-relations/#section15. This is for your information and record. Thanking you, for Associated Coaters Limited Heenal Hitesh Rathod Company Secretary & Compliance Officer Membership No.: A70585 Regd. Office: Ganney Gangadharpur Road, Ashuti, Khanberia, Kolkata 700141 info@associatedcoaters.in www.associatedcoaters.in ANNUAL REPORT 2025-26 Associated Coaters Limited Committed to Superior Quality & Results Registered Office: Associated Coaters Limited Ashuti Khanberia Maheshtala LP 20/83/46, Vivekanandapur, South 24 Parganas, Thakurpukur Maheshtala, Kolkata - 700141 West Bengal, India info@associatedcoaters.in www.associatedcoaters.in Table of CONTENTS Page No. CORPORATE INFORMATION Company Overview 4-5 Managing Director's Message 6 Management Team 7-8 Corporate Information 9 Our Services 10-11 Key Financial Performance 12 STATUTORY REPORT Board's Report 13-21 Annexure A - Conservation of Energy, Technology Absorption & Foreign Exchange 22 Annexure B - Management Discussion and Analysis Report 23-24 Annexure C - Particulars of Employees 25 Annexure D - Form No. AOC-2 26-27 Annexure E - Secretarial Audit Report (Form No. MR-3) 28-31 FINANCIAL STATEMENTS Independent Auditor's Report 32-36 Significant Accounting Policies and Notes to Accounts 37-39 Balance Sheet 40 Statement of Profit and Loss 41 Statement of Cash Flows 42 Notes to Financial Statements 43-55 Computation of Total Income & Tax 56 ANNUAL GENERAL MEETING Notice of 9th Annual General Meeting 57-61 Company Overview About Us Associated Coaters Limited is engaged in the business of pre-treatment and powder coating of aluminium extrusions, primarily serving the architectural and real estate sectors. Our process begins with a thorough surface cleaning to eliminate dirt, grease, or other contaminants, followed by the application of a strategic chemical solution to enhance powder coating adhesion. Techniques such as acidic surface etching and specialized pretreatment agents ensure optimal surface wettability, leading to high-performance coating finishes. Our Vision To lead the architectural coatings industry through innovation, quality, and sustainability. We strive to be the preferred choice for transformative coating solutions that elevate products and redefine industry benchmarks. Our Coating Journey 1984 FOUNDATION 1 Mr. Gurmel Singh Dhillon founded “Associated Engineers,” specializing in electrical panel manufacturing. 1990 FIRST FACTORY Established a 5,000 sq. ft. facility in Maheshtala, Kolkata. 2000 ENTRY INTO POWDER COATING 3 Launched powder coating operations with a 20-ton monthly capacity. 2006 BUSINESS EXPANSION Production capacity doubled to 40 tons/month. 2009-2015 INFRASTRUCTURE GROWTH 5 Added a second 4,500 sq. ft. unit and introduced a fully automatic coating line with a 250-ton monthly capacity. 2016 NEW LINE Commenced operations of the Wood Finish Coating Line. Dec 2017 INCORPORATION 7 Associated Coaters Private Limited was formally incorporated on December 22, 2017. 2023 TECHNOLOGICAL ADVANCEMENT Introduced PVDF Coating Line – the first in Eastern India. 2024 PUBLIC LISTING 9 Successfully listed on the BSE SME Platform on June 6, 2024. 2025-26 CAPACITY EXPANSION Commissioned a new plant dedicated to heavy metal coating applications, raising overall production capacity by about 1.5 times. Managing Director's Message Dear Shareholders, It gives me immense pleasure to welcome you to the 9th Annual General Meeting of your Company. FY 2025-26 was a year of continued growth and strategic progress. Despite market volatility, the Company achieved a revenue of Rs. 826.33 lakhs, reflecting the resilience of our business and focused execution. Our core strengths in wood finish and PVDF coatings continued to grow, supported by an expanded range of custom shades and advanced technologies. We remain focused on strengthening our market presence and evaluating strategic collaborations and acquisition opportunities to drive sustainable growth and enhance stakeholder value. On behalf of the Board, I sincerely thank our shareholders, customers, employees, partners and other stakeholders for their continued trust, support and contribution to the Company's growth. Warm regards, Sd/- Jagjit Singh Dhillon Managing Director & CFO Associated Coaters Limited Management Team Board of Directors The Board of Directors of Associated Coaters Limited comprises a balanced mix of experienced professionals and industry veterans who bring strategic vision, operational excellence, and strong governance to the Company. Together, they guide the organization towards sustainable growth, innovation, and shareholder value creation. Mr. Jagjit Singh Dhillon Managing Director & Chief Financial Officer | DIN: 07980441 Mr. Jagjit Singh Dhillon is the Founder and a Promoter Director of the Company. A graduate in Commerce from The Bhawanipur Education Society College, Kolkata, he has over 17 years of hands-on experience in the powder coating industry. He is a dynamic leader known for his strategic thinking, deep operational knowledge, and ability to navigate complex business challenges. Under his stewardship, the Company has seen robust expansion — from a modest unit to a listed entity with state-of-the-art coating technologies including PVDF and wood finish lines. He was appointed as the Managing Director for a period of five years effective from December 09, 2023, to December 08, 2028. Mrs. Navneet Kaur Whole-time Director and Chairperson | DIN: 07980468 Mrs. Navneet Kaur holds a Bachelor of Science degree, a Master of Education, and a Master of Arts in Punjabi from Punjab University. She has been associated with the Company since its inception and was appointed as a Whole-time Director and Chairperson of the Board w.e.f. April 01, 2026. With a strong academic background and a sharp sense of organizational oversight, she contributes meaningfully to the Company's governance and policy frameworks, especially in matters concerning social and community alignment. Mr. Harbhajan Singh Thethi Non-Executive Director | DIN: 10416459 Mr. Harbhajan Singh Thethi is a seasoned professional with rich experience in managing large-scale industrial operations. He is highly regarded for his focus on workforce development, project execution, and leadership in operational excellence. He has played a critical role in project monitoring, team training, and ensuring timely delivery. Known for his excellent communication and managerial capabilities, Mr. Thethi contributes significantly to the Company's productivity and culture. He was appointed as Non-Executive Director w.e.f. April 01, 2026. Ms. Chetna Gupta Non-Executive and Independent Director | DIN: 02212440 Ms. Chetna Gupta is a qualified Company Secretary and a Fellow Member of the Institute of Company Secretaries of India (ICSI). She also holds a Bachelor's degree in Business Administration and Law (LL.B), as well as a Post Graduate Diploma in Business Administration from Symbiosis Cent [Showing first 8,000 characters — download PDF for full document]