Annual Report of Star Delta Transformers Limited for FY 2025-26.

STAR DELTA TRANSFORMERS LIMITED CIN: L31102MP1977PLC001393 REGD. OFFICE: 92-A, INDUSTRIAL AREA, GOVINDPURA, BHOPAL-462023 (M.P) INDIA TEL.: (0) 0755-2586680, 4261016, 2587343, 4261003, FAX: (0755)2580059 Email Id: star.delta@rediffmail.com, Website: www.stardeltatransformers.com Date: September 04th, 2026 BSE Limited, Listing Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001 SCRIP CODE: 539255 Subject: Submission of Annual Report of the Company for the Financial Year 2025-26 containing inter alia, the Notice Convening 50th (Fiftieth) Annual General Meeting (“AGM”) of the Members of the Company. Dear Sir/Madam, Pursuant to Regulation 30 read with Para A of Part A of Schedule III and Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Annual Report for the Financial year 2025-26 containing inter alia, the Notice of the 50th Annual General Meeting (AGM) of the Company, scheduled to be held on Tuesday, September 29th, 2026 at 12:30 P.M. at the Registered Office of the Company. Company has commenced the dispatch of the Notice of 50th AGM along with Annual Report for the Financial Year 2025-26 to its Members whose e-mail addresses were registered with the Company/the Depository Participant(s) as on August 28th, 2026, electronically through e-mail only, today viz. Friday, September 04th, 2026. The pdf version of the Annual Report for the Financial Year 2025-26 containing inter alia, the Notice of the 50th AGM of the Company is also available on the website of the Company at www.stardeltatransformers.com/investers and the website of National Securities Depository Limited (NSDL) at www.evoting.nsdl.com. Kindly acknowledge the receipt and take the same on your record. Thanking you, Yours faithfully, For Star Delta Transformers Limited Devyanshu Tiwari Company Secretary & Compliance Officer 50th ANNUAL REPORT 2025-26 CIN: L31102MP1977PLC001393 TEL.: (0) 0755-2586680, 4261016, 2587343, 4261003, FAX: (0755)2580059 EMAIL ID : star.delta@rediffmail.com, WEBSITE : www.stardeltatransformers.com REGT. OFFICE: 92-A, INDUSTRIAL AREA, GOVINDPURA, BHOPAL-462023 (M.P) INDIA Pg. 1 Table of Content CORPORATE OVERVIEW STATUTORY SECTION BOARD OF DIRECTORS 03 NOTICE OF ANNUAL GENERAL 10 MEETING CORPORATE INFORMATION 04 DIRECTOR’S REPORT 27 ABOUT THE COMPANY 05 ANNEXURES TO DIRECTOR’S 43 KEY FINANCIAL HIGHLIGHTS 07 REPORT LETTER FROM CHAIRMAN 08 MANAGEMENT DISCUSSION AND 52 & MANAGING DIRECTOR ANALYSIS REPORT LETTER FROM CFO 09 CORPORATE GOVERNANCE 57 REPORT INDEPENDENT AUDITOR’S 87 REPORT STANDALONE FINANCIAL 104 STATEMENT Visit WWWWWWWWW...SSSTTTAAARRRDDDEEELLLTTTAAATTTRRRAAANNNSSSFFFOOORRRMMMEEERRRSSS...CCCOOOMMM to download this current issue of annual report Pg. 2 BBBOOOAAARRRDDD OOOFFF DDDIIIRRREEECCCTTTOOORRRSSS FY 2025-26 Chairman & Managing Director Mr. Kishore Gupta (DIN: 00014205) Whole Time Director and CFO Mr. Rakesh Gupta (DIN: 00014139) Executive Director Mr. Mayank Gupta (DIN: 00244850) Women Independent Director Mrs. Shalini Mathur (DIN:08386168) Independent Director Mr. Ajay Gupta (DIN: 03644871) Independent Director Mr. Shashendra Lahri (DIN: 02704101) Company Secretary and Compliance Officer CS Devyanshu Tiwari Registrar and Share Transfer Agent (RTA) MUFG Intime India Private Limited DESIGNATED DEPOSITORY NATIONAL SECURITIES DEPOSITORY LIMITED (NSDL) Pg. 3 CORPORATE INFORMATION REGISTERED OFFICE: 92-A, Industrial Area, Govindpura, Bhopal-462023 (M.P) INDIA STATUTORY AUDITORS: M/s. A.K. Khabya & Co., Chartered Accountants, Bhopal SECRETARIAL AUDITORS: M/s. Piyush Bindal & Associates, Company Secretaries, Bhopal COST AUDITORS: M/s. Sanjay Kasliwal and Associates, Cost Accountants, Bhopal COMPANY SECRETARY & COMPLIANCE OFFICER: Mr. Devyanshu Tiwari AUDIT COMMITTEE: Mr. Ajay Gupta (Chairman) Mr. Rakesh Gupta (Member) Mr. Shashendra Lahri (Member) NOMINATION AND REMUNERATION COMMITTEE: Mr. Ajay Gupta (Chairman) Mrs. Shalini Mathur (Member) Mr. Shashendra Lahri (Member) STAKEHOLDERS' RELATIONSHIP COMMITTEE: Mr. Shashendra Lahri (Chairman) Mrs. Shalini Mathur (Member) Mr. Rakesh Gupta (Member) CORPORATE SOCIAL RESPONSIBILITY COMMITTEE: Mr. Kishore Gupta (Chairman) Mr. Rakesh Gupta (Member) Mrs. Shalini Mathur (Member) REGISTRAR AND SHARE TRANSFER AGENT: MUFG Intime India Private Limited (Link Intime) Address: C-101, 1st Floor, 247 Park, L. B. S. Marg, Vikhroli (West), Mumbai-400 083. Website: https://in.mpms.mufg.com/ BANKERS: HDFC Bank Pg. 4 AAABBBOOOUUUTTT TTTHHHEEE CCCOOOMMMPPPAAANNNYYY Star Delta Transformers Ltd has an experience of more than 45 years and has shown consistent growth, developing in- house designs and technical competence to manufacture transformers across a wide range of applications and utilities. Star Delta Transformers Ltd is a leading manufacturer of Power and Distribution Transformers along with special purpose transformers in India. Star Delta Transformers Ltd has been growing from strength to strength since inception way back in 1980, winning many laurels on the path towards total Customer satisfaction and maintaining consistent quality. Star Delta Transformers Limited’s manufacturing facilities are located at Bhopal, the capital of Madhya Pradesh, one of the largest states of India. CCCooorrreee VVVaaallluuueeesss High Quality without compromises Value to Customer Entrepreneurship Professionalism and Hard work Ethical Business Pg. 5 MANUFACTURING STRENGTHS The company is a multi-product and service organization, engaged in manufacturing, supplying, erecting, testing and commissioning of Power and Distribution Transformers. The company also specializes in Special/Custom type transformers like Auto, Converter, Earthing, Furnace, Generator, Instrument, Rectifier, Traction and other custom built Transformers. The company has a state-of-the-art, fully integrated facility at Industrial Area, Govindpura, Bhopal which is equipped to manufacture & test transformers upto 40 MVA, 132 KV class. The company typically manufactures 11 & 33 KV Class Transformers Single Phase to 3 Phase up to 25 MVA & also 132 KV Class Transformers 3 Phase upto 40 MVA. The company’s manufacturing facility is based in Bhopal is equipped with all machinery required to manufacture transformers. The company has an installed capacity of 1000 MVA per shift p.a. The company’s products are manufactured in accordance with IEC–76, BS-171 & IS 2026, transformer upto 16MVA have been type tested at CPRI. Pg. 6 KEY FINANCIAL HIGHLIGHTS (FY 2025-26 vs FY 2024-25) Particulars FY 2025-26 FY 2024-25 Growth Revenue from ₹173.06 Cr ₹141.86 Cr 22.00% Operations Other Income ₹1.28 Cr ₹1.35 Cr — Total Revenue ₹174.34 Cr ₹143.21 Cr 21.74% Total Expenses ₹158.30 Cr ₹128.91 Cr — Profit Before Tax ₹16.04 Cr ₹14.30 Cr 12.19% Profit After Tax ₹11.94 Cr ₹10.63 Cr 12.32% Earnings Per Share (Basic & ₹39.79 ₹35.42 12.34% Diluted) Earnings Per Share (Basic & Diluted) 12.34% Revenue from Operations 22.00% Profit After Tax 12.32% Profit Before Tax 12.19% Total Revenue 21.74% Pg. 7 LLLEEETTTTTTEEERRR FFFRRROOOMMM CCCMMMDDD Dear Shareholders, I am pleased to share that FY25-26 has been a year of continued growth for your Company, delivered against one of the most turbulent global backdrops our industry has seen in recent memory. Total revenue grew by 21.74% to ₹174.34 Cr, profit before tax rose 12.19% to ₹16.04 Cr, and profit after tax grew 12.32% to ₹11.94 Cr, with earnings per share improving to ₹39.79 from ₹35.42 in the previous year. This growth came against a genuinely difficult external environment. The US-Israel military campaign against Iran that began in early 2026, and Iran's subsequent efforts to restrict shipping through the Strait of Hormuz, triggered the sharpest disruption to global energy markets in decades. With a substantial share of the world's crude oil and LNG normally transiting that waterway, the closure and the ongoing hostilities sent crude price [Showing first 8,000 characters — download PDF for full document]