Annual Report for the financial year 2025-26 including Notice of the Thirty-seventh Annual General Meeting

Lotus Chocolate Company Limited LCCL/SEC/26-27 September 03, 2026 BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400001 Scrip Code: 523475 Sub: Annual Report for the financial year 2025-26 including notice of Thirty-Seventh Annual General Meeting This is further to the disclosure dated August 31, 2026. The Annual Report of the Company for the financial year 2025-26, including the Notice convening Thirty-seventh Annual General Meeting (“Notice”), being sent through electronic mode to all the Members whose e-mail address is registered with the Company / Company's Registrar and Share Transfer Agent / Depository Participant(s) / Depositories, is attached. The Annual Report including Notice is also uploaded on the Company’s website at:https://www.lotuschocolate.com/uploads/investor/1788265510_Annual%20R eport%20for%20the%20year%202025-2026.pdf Further, pursuant to Regulation 36(1)(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, a letter providing the web-link of the Annual Report, being sent to those members who have not registered their e-mail address, is also attached and available on the Company’s website at: https://www.lotuschocolate.com/uploads/investor/1788410303_Letter_to_share This is for information and records. Thanking you, Yours faithfully, For Lotus Chocolate Company Limited Utsav Saini Company Secretary and Compliance Officer Encl.: as above Registered Office: Pranava One, 6th Floor, 6-5-654, Punjagutta Road, Raj Bhavan Quarters Colony, Somajiguda, Hyderabad, Nampally, Telangana - 500 082, INDIA Email: info@lotuschocolate.com Website: www.lotuschocolate.com CIN: L15200TG1988PLC009111 Tel: 1800-425-3949 Lotus Chocolate Company Limited Copy to: Central Depository Services (India) National Securities Depository Limited Limited Marathon Futurex, A-Wing, 25th Floor, 3rd Floor, Naman Chamber, NM Joshi Marg, Lower Parel, Plot C-32, G-Block, Bandra Kurla Mumbai -400013, Maharashtra Complex, Bandra East, Mumbai - 400 051, Maharashtra KFin Technologies Limited Selenium Tower B, Plot 31&32, Gachibowli, Financial District, Nanakramguda, Hyderabad – 500032, Telangana Registered Office: Pranava One, 6th Floor, 6-5-654, Punjagutta Road, Raj Bhavan Quarters Colony, Somajiguda, Hyderabad, Nampally, Telangana - 500 082, INDIA Email: info@lotuschocolate.com Website: www.lotuschocolate.com CIN: L15200TG1988PLC009111 Tel: 1800-425-3949 LOTUS CHOCOLATE COMPANY LIMITED Lotus Chocolate takes great pride in being one of India's select manufacturers of the finest chocolates, cocoa products, and cocoa derivatives. Our products are supplied to chocolate makers and chocolate users across the world, from local bakeries to multinational companies. Lotus is a renowned and reliable business partner for the supply of cocoa and chocolate products. Lotus starts right from the sourcing of fine quality cocoa beans, to processing of cocoa beans, to delivering the finest chocolates. Lotus has a fully-integrated manufacturing facility, and is built with the best technologies and expertise from across the globe. Cocoa Mass Pure chocolate at its heart, pour a rich, intense flavour into your special creations - both chocolate and confectionery. Cocoa Butter Nature's luxurious fat, extracted from premium cocoa beans. Smooth, aromatic, and delectable, perfect for crafting melt-in-your-mouth chocolates. Cocoa Powder Dark, full-bodied, and versatile, prepare to tantalise your taste buds with a punchy chocolate flavour. Be spoilt for choice between natural or alkalised flavour profiles. Chocolates & Couvertures Indulge in pure, velvety temptation. Discover our range of premium chocolates and couvertures, a dance even on the most discerning taste buds. Compound Chips Little drops of heaven in the mouth! Bake cookies and cakes to your heart’s content with our dark or white compound chips. Decoratives Shine your desserts and chocolate creations into a visual delight with choco chips, choco sprinklers, colour sprinklers, and more. Paste, Coverings & Spray A smooth preparation with a distinct, rich flavour of cocoa. Suitable for use in ice-cream coverings, cone sprays, biscuit fillings, and much more. LOTUS CHUCKLES A crunchy, multi- textured chocolate with wafer, caramel, and rice crisps coated in milk chocolate. LOTUS HIGH 5 A soft and caramelly chocolate with nougat and a smooth milk chocolate coating. LOTUS ON&ON A chocolaty, crunchy, sugar-panned chocolate available in vibrant colours. Dear Shareholders, It gives me immense pleasure to present the Annual Report of your Company for the financial year 2025-26. This year has been a defining period for Lotus, marked by strategic resilience and a steadfast commitment to our long-term vision. The year witnessed strong volume growth, reflecting increasing consumer acceptance of our products and the growing relevance of our portfolio across markets. This momentum is a clear validation of our products, brands, and distribution strategy, and provides a strong foundation for the next phase of growth. However, the significant volatility in global cocoa prices resulted in muted value growth and impacted profitability during the year. This was further influenced by the ongoing re-engineering of our value chain as we transitioned towards a more integrated and scalable business model. These near-term impacts are deliberate investments in building a stronger, more competitive, and sustainable business for the future. Looking forward, we are operating with a dual focus on capacity and connectivity. On one side, we are significantly expanding our production capacities to support the rapid scaling of our consumer business. Parallelly, we are in the process of building a robust, pan-India distribution network for both our industrial ingredients and our B2C portfolio. To complement these operational milestones, we are currently invested in a comprehensive creative overhaul of our brand identity. This work in progress is designed to take Lotus to the next level, ensuring we not only challenge the competition but also resonate more deeply with the modern consumer. Our journey is fuelled by a desire to innovate and a commitment to deliver excellence. On behalf of the Board, I wish to express my deepest gratitude to you, our shareholders, for your unwavering trust and support. We remain humble in our achievements and ambitious in our goals as we build a future of sustainable growth and shared success. Best wishes and regards, Natarajan M. Venkataraman Whole-time Director Lotus Chocolate Company Limited LOTUS CHOCOLATE COMPANY LIMITED 1 Contents of this Report Page No. Company Information 2 Notice of Thirty-seventh Annual General Meeting 3 Board’s Report 21 Management Discussion and Analysis 35 Corporate Governance Report 40 Independent Auditors’ Report on Financial Statement 65 Balance Sheet 74 Statement of Profit and Loss 75 Statement of Changes in Equity 76 Statement of Cash Flow 77 Notes to the Financial Statement 78 2 LOTUS CHOCOLATE COMPANY LIMITED Company Information BOARD OF DIRECTORS AUDIT COMMITTEE Prof. Dipak C. Jain Prof. Dipak C. Jain, Chairman Chairman, Independent Director Mr. K. Sudarshan Mr. Ketan Mody Mr. K. Sudarshan Independent Director Mr. Ketan Mody Non-executive Director NOMINATION AND REMUNERATION COMMITTEE Mr. K. Sudarshan, Chairman Mr. Asim Parekh Prof. Dipak C. Jain Non-executive Director Mr. Ketan Mody Ms. Riddhi Bhimani Independent Director Mr. Abhijeet Pai STAKEHOLDERS’ RELATIONSHIP COMMITTEE Non-executive Director Mr. Ketan Mody, Chairman Mr. Aditya Pai Prof. Dipak C. Jain Non-executive Director Mr. Natarajan M. Venkataraman Mr. Natarajan M. Venkataraman Whole-time Director Mr. Mohammed Rafathullah CORPORATE SOCIAL RESPONSIBILITY COMMITTEE Non-executive Director Prof. Dipak C. Jain, Chairman Mr. K. Sudarshan CHIEF EXECUTIVE OFFICER Mr. Ketan Mody Mr. Sandipan Ghosh CHIEF FINANCIAL OFFICER Mr. S. Gautham (till 13.05.2026) RISK MANAG [Showing first 8,000 characters — download PDF for full document]