Annual Report for the Financial Year 2025-2026

MOHIT INDUSTRIES LIMITED AN ISO 9001:2015 CERTIFIED COMPANY September 04, 2026 To, To, BSE Limited The National Stock Exchange of India Limited 1st Floor, New Trading Ring, Exchange Plaza, 5th Floor, Rotunda Building, Plot No. C-1, Block G, P. J. Towers, Dalal Street, Bandra — Kurla Complex, Fort, Mumbai — 400 001 Bandra (East), Mumbai—400 051 Scrip Code: 531453 Symbol: MOHITIND Sub: Annual Report of Mohit Industries Limited (“the Company”) for the Financial Year 2025- 2026 Dear Sir/Madam, Pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Annual Report of the Company for the Financial Year 2025-2026, sent through electronic mode to the Members. The Annual Report containing the Notice of 36th Annual General Meeting is also uploaded on the Company's website at https://mohitindustries.com/downloads/annual-report/ Kindly take the same on your records. Thanking you, Yours faithfully, For Mohit Industries Limited Narayan Sitaram Saboo Managing Director & CFO DIN: 00223324 CIN NO.: L17119GJ1991PLC015074 Office No. 908, 9th Floor, Rajhans Montessa, Dumas Road, Magdalla, Surat-395007 (Ph.): +91-261-2463262, 2463263 Email: contact@mohitindustries.com Visit us: www.mohitindustries.com Welcome to Mohit Industries Limited’s Annual Report, which provides a concise overview of the Company’s performance, strategy, governance, and value creation across the short, medium and long term. The report reflects our commitment to transparency, accountability and sustainable growth, while upholding the highest standards of corporate governance. Reporting cycle Financial reporting 01 31 Companies Act, 2013 (and the rules made thereunder), Indian Accounting Standards, Securities and Exchange Board of India April 2025 March 2026 (Listing Obligations and Disclosure Requirements) Regulations 2015, Secretarial Standards issued by the Institute of Company Secretaries of India. PARTICULARS PAGE NO. Corporate Information A Notice of 36th Annual General Meeting 1 Director’s Report 27 Secretarial Audit Report 42 Management Discussion and Analysis Report 46 Corporate Governance Report 50 Managing Director & CFO Certification 67 Certificate on Corporate Governance 68 Certificate of Non-disqualification of Directors 69 Auditor’s Report on Standalone Financial Statements 70 Standalone Financial Statements 84 Auditor’s Report on Consolidated Financial Statements 117 Consolidated Financial Statements 126 CORPORATE INFORMATION BOARD OF DIRECTORS Mr. Narayan Sitaram Saboo Chairman – Managing Director & CFO Mr. Naresh Sitaram Saboo Non - Executive Director Mr. Mohit Narayan Saboo Non - Executive Director Mr. Dishant Kaushikbhai Jariwala Non - Executive & Independent Director Mrs. Samiksha Rajesh Nandwani Non - Executive & Independent Director Mrs. Anshula Sachinkumar Jain Non - Executive & Independent Director COMPANY SECRETARY & COMPLIANCE OFFICER Mr. Shrikanth Masarm (till June 03, 2025) Ms. Zinal Modi (w.e.f. June 17, 2025) REGISTERED OFFICE Office No. 908, 9th Floor, Rajhans Montessa, Dumas Road, Magdalla, Choryasi, Surat- 395007, Gujarat, India STATUTORY AUDITORS M/s. Rajendra Sharma & Associates 311, International Finance Center, Near Vesu Fire Station, VIP Road, Vesu, Surat – 395007 Ph. No. 0261-2312322 SECRETARIAL AUDITOR M/s. Dhirren R. Dave & Co. B-103, International Commerce Center (ICC), Near Kadiwala School, Ring Road, Surat- 395002 Ph. No. 0261-2460903, 2475122 REGISTRAR & SHARE TRANSFER AGENT M/s. Adroit Corporate Services Private Limited 17-20, Jafferbhoy, Industrial Estate, 1st Floor, Makwana Road, Marol Naka, Andheri (East), Mumbai-400059 Email Id: info@adroitcorporate.com Website: www.adroitcorporate.com Tel: +91-022-42270400 / 28596060 Tele Fax: +91-022-28503748 Axis Bank Limited The SVC Co-operative Bank Limited NOTICE NOTICE is hereby given that the Thirty-Sixth (36th) Annual General Meeting of the members of MOHIT INDUSTRIES LIMITED will be held on Wednesday, September 30, 2026, at 12:00 Noon through Video Conferencing (“VC”/Other Audio Visual Means (“OAVM”) facility deemed to be held at the Registered Office of the Company at Office No. 908, 9th Floor, Rajhans Montessa, Dumas Road, Magdalla, Choryasi, Surat- 395007, to transact the following businesses: ORDINARY BUSINESS: 1. Adoption of Audited Financial Statements To receive, consider and adopt the Audited (Standalone and Consolidated) Financial Statements of the Company for the financial year ended 31st March 2026, including the Audited Balance Sheet as at 31st March, 2026, the Statement of Profit & loss and Cash Flow Statement for the year ended as on that date and the Report of the Board of Directors and Auditors thereon. 2. Appointment of Director retiring by rotation To appoint a Director in place of Mr. Naresh Sitaram Saboo (DIN: 00223350), who retires by rotation and being eligible, offers himself for reappointment and in this regard, to consider and if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT in accordance with the provisions of Section 152 read with the Companies (Appointment and Qualification of Directors) Rules, 2014 and other applicable provisions of the Companies Act, 2013, Mr. Naresh Sitaram Saboo (DIN: 00223350), who retires by rotation at this meeting and being eligible, offers himself for reappointment, be and is hereby reappointed as a Director of the Company.” SPECIAL BUSINESS: 3. To Approve the remuneration of the Cost Auditor of the Company for the financial year 2026-27: To consider and if thought fit, to pass the following Resolution as an Ordinary Resolution: “RESOLVED THAT, pursuant to the provisions of Section 148 and other applicable provisions, if any, of the Companies Act, 2013 read with the Companies (Audit and Auditors) Rules, 2014 (including any statutory modification(s) or re-enactment thereof, for the time being in force), approval of the members of the Company be and is hereby accorded for payment of remuneration of Rs. 50,000/- (Rupees Fifty Thousand Only) plus applicable taxes and reimbursement of out–of–pocket expenses, if any to M/s. Nainesh Kantliwala & Co., Cost Accountants (Registration Number. 001303) for conducting the audit of the cost records of the Company for the Financial Year 2026-27. RESOLVED FURTHER THAT the Board of Directors of the Company, be and are hereby authorised to do all such acts, deeds, matters and things and take all such steps as may be deemed necessary, proper or expedient to give effect to this resolution. 4. Material Related Party Transaction(s) with (a) Mr. Narayan Sitaram Saboo (b) Mr. Manish Narayan Saboo (c) Mr. Mohit Narayan Saboo and (d) Mr. Naresh Sitaram Saboo for the financial year 2026-27: To consider and if thought fit, to pass the following Resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to of regulation(s) 23(4), 2(1)(zc) and other applicable regulation, if any of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the 'SEBI Listing Regulations'), Section 188 and other applicable provisions of the Companies Act, 2013 (the 'Act'), read with relevant rules made thereunder (including any amendments, statutory modifications and/or re-enactments thereof for the time being in force) read with the Company’s Policy on Related Party Transaction(s), and on the basis of the approval of the Audit Committee and the Board of Directors of the Company, the consent of the Members be and is hereby accorded to enter into and/or continue the Related Party Transaction(s)/contract(s)/arrangement(s)/agreement(s) (whether by way of an individual transaction or transactions taken together or series of transactions or otherwise), with (a) Mr. Narayan Sitaram Saboo (b) Mr. Manish Narayan Saboo (c) Mr. Mohit Narayan Saboo and (d) Mr. Naresh Sitaram Saboo and accordingly a Related Party of the Company under Regulation 2(1)(zb) of SEBI Listing Regulatio [Showing first 8,000 characters — download PDF for full document]