Updates

Date: July 9, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Listing Department Bandra Kurla Complex, P.J. Towers, 1st Floor, Bandra (E), Dalal Street, Fort, Mumbai- 400051 Mumbai – 400 001 Scrip Name: BHAGERIA Scrip Code: 530803 Sub: Notice of 37th Annual General Meeting (“AGM”) and Integrated Annual Report for the FY 2025-26 of Bhageria Industries Limited (‘the Company’) Ref: Regulation 34(1) & 53(2) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (‘Listing Regulations’) Dear Sir/Ma’am, Pursuant to Regulation 34 (1) & 53(2) of Listing Regulations, please find attached herewith Notice convening the 37th Annual General Meeting (‘AGM’) and the Integrated Annual Report of the Company for the FY 2025-26, which will be circulated to the Shareholders through electronic mode whose email IDs are registered with the Company/ Registrar and Share Transfer Agent (‘RTA’) and the Depositories. Further to Regulation 36 (1) (b) of the Listing Regulations, the company is also sending a letter to those shareholders whose e-mail addresses are not registered with the company/RTA/Depositories, providing them a web-link and QR code for accessing the Notice of the AGM and Integrated Annual Report. The Notice of the AGM and Integrated Annual Report are available on the Company’s website i.e. www.bhageriagroup.com/financial-information/ This is for your information and records. Thanking You, Yours faithfully, For Bhageria Industries Limited Deepa Toshniwal Company Secretary & Compliance Officer ICSI Membership No. A66073 cc: 1. National Securities Depository Limited 2. Central Depository Services (India) Limited 3. MUFG Intime India Private Limited BHAGERIA INDUSTRIES LIMITED Annual Report 2025-26 Capacity | Capability | Continuity BHAGERIA INDUSTRIES Business Overview Statutory Reports Financial Statements LIMITED Contents Theme of the Vision & Our 04 05 08 Year Mission Journey Corporate Our Board of Chairman’s 11 12 14 Information Directors Message Financial Global Our 16 18 20 Performance Presence Offering Commitment Statutory Reports Standalone Financial Statements Notice 26 Auditors’ Report 92 Director’s Report 50 Balance Sheet 102 Corporate Governance 67 Statement of Profit and Loss 103 Management Discussion and Analysis Report 85 Statement of Changes in Equity 104 Cash Flow Statement 105 Notes to the Financial Statements 107 Consolidated Financial Statements Bhageria Industries Limited Auditors’ Report 157 37th ANNUAL GENERAL MEETING Balance Sheet 164 Day & Date : Saturday, August 1, 2026 Statement of Profit and Loss 165 Time : 12:30 p.m. Statement of Changes in Equity 166 Cash Flow Statement 167 Notes to the Financial Statements 169 To view this report online or to know Form AOC-1 222 more about us, please visit Six Years Financial Summary 223 www.bhageriagroup.com 2 Capacity | Capability | Continuity Capacity | Capability | Continuity 3 BHAGERIA INDUSTRIES Business Overview Statutory Reports Financial Statements LIMITED THEME OF THE YEAR VISION & MISSION Some years ask a company to reinvent itself. FY more reach. Capability speaks to what 2025-26 asked something different of Bhageria made that ground worth covering — the — to keep doing what already works and do it people, processes and judgment that turned MISSION a little better. That is a quieter kind of success, investment into results rather than just VISION but no less real for it. expense. And continuity speaks to what we We exist to keep innovating — in Our chemicals business grew sharply this year were careful not to disturb along the way: the To be counted among the products, in process, in the way we on the back of capacity we had already built and relationships, the values and the steady hand foremost names in dyes and dye work — without losing sight of the export relationships we had already nurtured. of leadership that has carried this Company intermediates — not by chasing customer relationships that built this Our solar arm switched on new generation through every market cycle it has faced. scale alone, but by pairing cleaner, Company. That means investing in the capacity that had been under construction It is a theme built around the discipline of more sustainable technologies people who carry our values forward, for some time. Our community programmes showing up for the same commitments — with manufacturing discipline and treating the social, economic, continued reaching the same villages, schools chemistry, clean energy and care — and trusting strong enough to keep our and environmental health of our and health centres they always have. Nothing that each year’s progress, quietly added to the customers choosing us first. communities as a responsibility we here is a sudden pivot — it is the compounding last, eventually becomes something worth hold permanently, not periodically. effect of choices made, and remade, year after pointing to. year. “Capacity, Capability, Continuity” is our way of naming that pattern honestly. Capacity speaks to the ground we covered this year — more output, more generation, OUR VALUES Integrity Excellence Safety Sustainability Thorough A constant push The wellbeing of Every business professionalism in toward the best level our employees, activity carried out every activity, with of performance and suppliers, buyers with an eye toward a absolute honesty and the discipline to keep no compromise on our improving once we get and society guides better tomorrow for principles. there. every operational the generations that decision we make. follow. 4 Capacity | Capability | Continuity Capacity | Capability | Continuity 5 BHAGERIA INDUSTRIES Business Overview Statutory Reports Financial Statements LIMITED FY 2025–26 AT A GLANCE KEY FINANCIAL METRICS The numbers this year tell a simple story: a Chemical segment running close to full capacity, translating directly into the EBITDA PAT Company’s strongest revenue growth in several years. ₹ 102.25 ₹ 50.30 (` IN CRORE) (` IN CRORE) EBITDA MARGIN DIVIDEND 11.61% 21.69% (IN %) (IN %) TOTAL INCOME EARNING PER SHARE ₹ 880.56 ₹ 11.52 (` IN CRORE) (IN `) 6 Capacity | Capability | Continuity Capacity | Capability | Continuity 7 BHAGERIA INDUSTRIES Business Overview Statutory Reports Financial Statements LIMITED BUILDING STEADILY, THE YEARS, IN BRIEF YEAR ON YEAR Rahuri Cleantech successfully Incorporated as Bhageria Dye commissioning a 7 MW Solar Chem Limited on July 12, 1989, 2026 1989 Power Plant at Pimpalgaon Bhageria’s growth has never depended on a single breakthrough moment. It has been assembled, year by promoters Mr. Suresh Bhageria Wagha, Ahilyanagar in February by year, out of capacity expansions, new certifications, fresh export relationships and an ever-deepening and Mr. Vinod Bhageria. 2026, followed by another 7 MW solar footprint — each one ordinary on its own, but cumulatively the reason the Solar Power Plant at Bhatkudgaon, Company stands where it does today. Establishment of specialty Maharashtra, in March 2026 and 7 MW solar PV plant online at chemicals manufacturing FY 2025-26 added its own chapter to that record. Two of the Company’s 1990 Khanapur, Maharashtra in May operations, building expertise and three core businesses — Specialty Chemicals and Solar Energy — 2026. we entered the dye intermediates each took a concrete step forward this year, while the business by setting up a Vinyl  Commenced - Plasticizers foundations for the third, Pharmaceuticals, continued Sulphone plant with a capacity of Production 2025 to be laid for the years ahead. 540 TPA  Plant Under Development - H-Acid capacity from 400 to 500 MT/month at Tarapur. Went public with an objective to 1995 fund additional capacity for new Acquired Bhageria & Jajodia Pharmaceuticals Private Limited products 2021 as a subsidiary - marking the Company’s formal entry into pharmaceuticals. Expanded the Vinyl Suplhone 2002 plant capacity from 540 TPA to Commissioned a [Showing first 8,000 characters — download PDF for full document]