Submission of 57th Annual Report of the Company for the year ended 31st March, 2026.

(GARWARE) GARWARE industries Premises, Opp. Golden Chemical, SYNTHETICS ee x waco ren GRAMS 7 ‘GARFLON’ LIMITED “ues fail. oeean ac ea licaie CIN : L99999MH1969PLC014371 Date: September 4, 2026 To To, The Bombay Stock Exchange Limited The DCS -CRD Department of Corporate Services The Calcutta Stock Exchange Phiroze Jeejeebhoy Towers 7, Lyons Range, Dalal Street, Mumbai- 400001 Dalhousie, Kolkata-700001, West Bengal Sub: Submission of Annual Report of the Company for the Financial Year 2025-26 Dear Sir/Madam, Pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), as amended from time to time, we hereby submit the 57% Annual Report of the Company for the Financial Year ended March 31, 2026 comprising of, inter-alia, Notice of the 57" AGM of the Company, Board's Report along with its annexures, Independent Auditors’ Report, Standalone Audited Financial Statements, including Cash Flow Statements and relevant Notes attached thereto. Further, in accordance with Regulation 36(1)(b) of the Listing Regulations, a letter providing the web- link, including the exact path where the Annual Report is available, is being sent to the Members, who have not registered their e-mail address with the Depository Participants/ Company/ Registrar and Share Transfer Agents. The Annual Report for the Financial Year 2025-26 is also being uploaded on the Company's website at WWw.garwaresyn.com. Thanking You, Yours Faithfully Director DIN: 09718203 Date: September 4, 2026 Place: Thane GARFLON BRISTLES * GARFLON RODS * GARFLON BUSH * GARFLON TUBING * GARFLON FISHING LINE GaARWARE GARWARE SYNTHETICS LIMITED CIN: L99999MH1969PLC014371 571TH ANNUAL REPORT FINANCIAL YEAR 2025- 2026 GaARWARE GARWARE SYNTHETICS LIMITED CONTENTS: Notice 3 Director’s Report 12 Management Discussion & Analysis 31 Chief Executive Officer and Chief Financial Officer Certification 34 Certificate from Practicing Company Secretary 35 Auditor’s Report 36 Balance Sheet 47 Profit & Loss Account 48 Cash Flow Statement 49 Significant Accounting Policies 52 Schedules to Balance Sheet 63 Schedules to Profit & Loss Account 68 ANNUAL REPORT 2025-26 GaARWARE GARWARE SYNTHETICS LIMITED CORPORATE INFORMATION 57% ANNUAL GENERAL MEETING Day & Date: Wednesday 30 September, 2026 Time: 11.00 A.M. Venue: Video Conferencing or Other Audio-Visual Means (““VC/ OAVM”) BOARD OF DIRECTORS: Mr. Deepak P. Kamble Executive Director Mr. Sandip K. Pawar Non- Executive Independent Director Mr. Nihal Garware Non-Executive Non-Independent Director (w.e-f. 25.07.2025) Mrs. Shital Kamble Non- Executive Independent Director (w.e-.f. 23.08.2025) Ms. Sheetal Jayesh Sawant Non - Executive Independent Director (w.e.f. 02.12.2025) Mr. Sunder K. Moolya Whole Time Director (Upto 01.07.2025) Mrs. Shilpa S. Parab Non- Executive Independent Director (Upto 23.08.2025) Mr. Harish Shriyan Non- Executive Independent Director (Upto 02.12.2025) Mr. Dinesh Balu Gurav Ms. Ujwala S. Tate (Chief Financial Officer & Compliance Officer) (Chief Executive Officer) Mrs. Swati Shah Mr. Anil Mehta (Company Secretary and Compliance Officer (Company Secretary and Compliance Officer Upto 31.03.2026) w.e.f. 06.08.2026) STATUTORY AUDITORS: SECRETRIAL AUDITORS: Jayesh Dadia & Associates LLP S.G & Associates (Chartered Accountants) (Practicing Company Secretary) 422, Arun Chambers, 203, Second Floor, Mehek Plaza, Tardeo Mumbai -400034 Maharashtra Nagar, Borivali West, Mumbai- 400092 REGISTRARS AND SHARE REGISTERED OFFICE: TRANSFER AGENTS: MUFG Intime India Private Limited Manish Textiles Industrial Premises, (EKariler Link Intime India Private Limited) Opposite Golden Chemical, C-101, 247 Park, Ist Floor, LBS Road, Penkar Pada, Mira Road (East)-401104 Gandhi Nagar, Vikhroli (West), Dist - Thane, Maharashtra Mumbai — 400 083 BANKERS HDFC Bank Ltd. ICICI Bank Ltd. 2 ANNUAL REPORT 2025-26 GaARWARE GARWARE SYNTHETICS LIMITED NOTICE Notice is hereby given that the 57 Annual General Meeting of the Members of Garware Synthetics Limited will be held on Wednesday, 30 September, 2026 at 11.00 A.M. through Video- conference (VC)/Other Audio-Visual Means (OAVM) to transact the following business: ORDINARY BUSINESS: 1. To receive, consider and adopt the Audited Balance Sheet as at March 31, 2026 and Statement of Profit and Loss for the Year ended on that date, together with the Reports of Directors and Auditor's thereon. 2. To appoint a director in place of Mr. Deepak Pandurang Kamble (DIN: 09718203), who retires by rotation and being eligible, offers himself for re-appointment. SPECIAL BUSINESS: 3. To approve remuneration payable to Mr. Nihal Garware- Non executive Director and Chairman: To consider and if thought fit, to pass the following resolution as Special Resolution: "RESOLVED THAT pursuant to the provisions of Sections 196, 197, 198 and 203 and other applicable provisions, if any, of the Companies Act, 2013 ("the Act") read with Schedule V thereto, the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, Regulation 17(6) and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Articles of Association of the Company, and such other applicable laws, rules, regulations, circulars and guidelines (including any statutory modification(s) or re-enacstment thereof for the time being in force), and pursuant to the recommendation of the Nomination and Remuneration Committee and approval of the Board of Directors, the approval of the Members of the Company be and is hereby accorded for payment of remuneration to Mr. Nihal Garware, [Non-Executive Director], on the terms and conditions, including salary, perquisites, allowances, performance-linked incentive/commission and other benefits, in event of loss or inadequacy of profits in any Financial Year amounting to Rs. 2,50,000/- per month from Rs. 100,000/- per month from time to time as set out in the Explanatory Statement annexed to this Notice. RESOLVED FURTHER THAT the consent of the Members of the Company be and are hereby accorded for payment of aforesaid remuneration even if due to the above payment the total managerial remuneration is in excess to the overall limit specified in Section 197 of the Companies Act, 2013 and Rules made thereunder. RESOLVED FURTHER THAT The Board of Directors (hereinafter referred to as Board) which term shall include the Nomination and Remuneration Committee of the Board be and is hereby authorized to alter and vary remuneration as may deem fit within the aforesaid limit. RESOLVED FURTHER THAT the Board of Directors be and is hereby authorised to do all such acts, deeds, matters and things and execute all such documents, instruments and writings as may be necessary or expedient to give effect to this Resolution." By order of board of directors Garware Synthetics Limited Sd/- Date: 24" August, 2026 Deepak Kamble Place: Thane Director DIN: 09718203 3 ANNUAL REPORT 2025-26 GaARWARE GARWARE SYNTHETICS LIMITED CDSL e-Voting System — For e-voting and Joining Virtual meetings. 1. As you are aware, in view of the situation arising due to COVID-19 global pandemic, the general meetings of the companies shall be conducted as per the guidelines issued by the Ministry of Corporate Affairs (MCA) vide Circular No. 14/2020 dated April 8, 2020, Circular No.17/2020 dated April 13, 2020 and Circular No. 20/2020 dated May 05, 2020. The forthcoming AGM will thus be held through video conferencing (VC) or other audio-visual means (OAVM). Hence, Members can attend and participate in the ensuing AGM through VC/OAVM. 2. Pursuant to the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended) and Regulation 44 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 (as amended), and MCA Circulars dated April 08, 2020, April 13, 2020 and May 05, 2020 the Company is p [Showing first 8,000 characters — download PDF for full document]