Annual Report for FY 2025-26

Date: 03.09.2026 BSE Limited (BSE) Corporate Relationship Department, P.J.Towers, Dalal Street, Fort, Mumbai-400 001 Scrip Code: 512493 Dear Sir/Mam, Sub: Submission of Electronic copy of Annual Report for the Financial Year ended 31.03.2026. In terms of the requirement of Regulation 34(1) of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 please find enclosed herewith the Annual Report of the Company for the Financial Year 2025-2026, including Notice of the 44th Annual General Meeting being sent to the members through electronic mode. The said Annual Report containing the Notice can also be accessed on the website of the Company at www.garnetint.com. We request you to take the same on records. Thank You For Garnet International Limited Ramakant Gaggar (Managing Director) DIN : 01019838 GARNET INTERNATIONAL LIMITED ANNUAL REPORT 2025-26 Board of Directors Mr. Suresh Gaggar – Chairman Mr. Ramakant Gaggar – Managing Director Mr. Navratan Gaggar Mr. Vishnu Kanth Bhangadia Mrs. Sandhya Lotlikar Mr. Suresh Kumar Gaur NNUAL EPORT Chief Financial Officer 2025-26 Mr. Sanjay Ravindra Raut Company Secretary CONTENTS Ms. Shipra Rathi Statutory Auditors M/s. Sarda Soni Associates LLP Chartered Accountants CORPORATE GOVERNANCE Secretarial Auditors STA NDALONE FINANCIALS M/s. Siddharth Sharma & Associates Independent Auditor`s Report…………………………… 46-57 Company Secretaries Principal Bankers State ment of Profit & Loss ………………………………………. 59 Statement of Cash Flow ………………………….................... 60 HDFC Bank Limited Statement of Changes in Equity ……..………………………. 61 Registrar & Transfers Agents Note s forming part of Financial Statements …… 62-89 MUFG Intime India Private Limited CONSOLIDATED FINANCIALS Independent Auditor`s Report……………………………..90-98 Stock Exchange (Shares Listed on) Bombay Stock Exchange Limited BSE Code: 512493 Statement of Profit & Loss ………………………………………..100 Statement of Cash Flow ………………………….....................101 Registered Office Statement of Changes in Equity ……..………………………..102 901, Raheja Chambers, Free Press Journal Marg, Notes forming part of Financial Statements …..103-126 Nariman Point, Mumbai – 400 021 Annual General Meeting on Wednesday, 30th September, 2026 through Video Conferencing/ Other Audio-Visual Means at 11.00 a.m. (IST) Disclaimer: The Company has taken utmost care in preparation of these documents. However, in case of any discrepancy, the shareholders are requested to bring the same to the notice of the Company. In such case, the information contained in original documents approved by the Board of Directors of the Company shall prevail. Garnet International Limited Annual Report 2025-26 NOTICE Notice is hereby given that the Forty-Fourth Annual General Meeting (44th AGM) of Garnet International Limited will be held on Wednesday, 30th Day of September, 2026, at 11.00 a.m. (IST), through Video Conferencing (“VC”)/ Other Audio-Visual Means (“OAVM”), to transact the following business: ORDINARY BUSINESS: 1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2026, together with the Report of the Board of Directors and the Auditors thereon. 2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026, together with the Report of the Auditors thereon. 3. To appoint a director in place of Mr. Ramakant Gaggar (DIN: 01019838), who retires by rotation and, being eligible, offers himself for re-appointment. NOTES 1. Pursuant to the General Circular No. 20/2020 dated May 5, 2020, read with other relevant circulars including Circular No. 9/2024 dated September 19, 2024 and Circular No. 03/2025 dated September 22, 2025, issued by the Ministry of Corporate Affairs (‘MCA’) (collectively referred to as ‘MCA Circulars’), the Company is convening the Annual General Meeting (‘AGM’) through Video Conferencing (‘VC’) / Other Audio Visual Means (‘OAVM’), without the physical presence of the Members at common venue. In compliance with the provisions of the Companies Act, 2013 (‘Act’), SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’) and MCA Circulars, the AGM of the Company is being held through VC / OAVM on Wednesday, 30th September, 2026, at 11:00 a.m. (IST). The deemed venue for the 44th AGM will be 901, Raheja Chambers, Free Press Journal Marg, Nariman Point, Mumbai – 400 001. 2. The Register of Beneficial Owners, Register of Members and the Share Transfer Books of the Company will remain closed from Thursday, 24th September 2026 to Wednesday, 30th September 2026 (both days inclusive) for the purpose of Annual General Meeting. 3. The relevant details, pursuant to Regulation 36(3) of the SEBI Listing Regulations and Secretarial Standard - 2 on General Meetings issued by the Institute of Company Secretaries of India, in respect of Directors seeking re-appointment at this AGM are also annexed. 4. Pursuant to the provisions of the Act, a member entitled to attend and vote at the AGM is entitled to appoint a proxy to attend and vote on his/her behalf and the proxy need not be a Member of the Company. Since this AGM is being held pursuant to the MCA Circulars through VC / OAVM, physical attendance of Members has been dispensed with. Accordingly, the facility for appointment of proxies by the Members will not be available for the AGM and consequently the Proxy Form, Attendance Slip and Route Map of the AGM are not annexed to this Notice. 5. In line with the relevant MCA Circulars and SEBI Circulars the Notice of the AGM along with the Annual Report for FY 2025-26 is being sent only through electronic mode to those Members whose email addresses are registered with the Company / Depositories. The Notice convening the Forty- Fourth AGM has been uploaded on the website of the Company at www.garnetint.com, and may also be accessed from the relevant section of the websites of the Stock Exchange i.e. BSE Limited at www.bseindia.com. Garnet International Limited Annual Report 2025-26 6. Members are hereby informed that under the Act, the company is obliged to transfer any money lying in the unpaid dividend account, which remains unpaid or unclaimed for a period of seven years from date of such transfer to the Unpaid Dividend Account, to the credit of the Investor Education and Protection Fund (“the Fund”) established by the Central Government. The company has uploaded the details of unpaid or unclaimed dividend transferred to the Fund till date on the website of the Company. Further attention of the members is also drawn to the provisions of Section 124(6) of the Act which require a company to transfer in the name of IEPF Authority all shares in respect of which dividend has not been paid or claimed for 7 (seven) consecutive years or more from the date of transfer to Unpaid Dividend Account of the Company. In view of this, Members are requested to claim their dividends from the Company, within the stipulated timeline. The Members, whose unclaimed dividends or shares have been transferred to IEPF, may claim the same by making an online application to the IEPF Authority in web form IEPF-5 available on www.iepf.gov.in. 7. SEBI vide circular dated 3rd November, 2021, read with subsequent clarification circulars, has mandated all listed companies to register PAN, KYC, bank details, and Nomination for shareholders holding shares in physical form. Service requests for folios lacking any of these details will not be processed. Shareholders holding physical shares are urged to submit Form ISR-1 (PAN and KYC details) and Form ISR-2 (Signature Verification) along with supporting documents to the RTA at the earliest. Shareholders holding shares in dematerialized form must update these details directly with their respective Depository Participants (DPs). 8. Members holding shares in physical form, in identical order of names, in more than on [Showing first 8,000 characters — download PDF for full document]