Shareholders meeting

MEIL/SEC/2026-27/40 5th September, 2026 National Stock Exchange of India Limited. Exchange Plaza, 5th Floor, Plot No. C/1 G Block, Bandra- Kurla Complex, Bandra (East), Mumbai – 400051 Symbol: MARINE ISIN: INE01JE01028 Dear Sir/Madam Sub: Notice of the 19th Annual General Meeting and Annual Report for the Financial Year 2025–26 This is to inform you that pursuant to Regulations 30, 34 and 36 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 (‘the Listing Regulations’),the 19th Annual General Meeting (AGM) of the Members of the Company will be held on Wednesday, 30th September, 2026 at 3:00 P.M. Indian Standard Time (“IST”), through Video Conferencing/ Other Audio Visual Means (“VC/OAVM”) facility in compliance with the applicable provisions of the Companies Act, 2013, Rules framed thereunder and the Listing Regulations read with various applicable circulars issued in this regard by the Ministry of Corporate Affairs and Securities and Exchange Board of India (SEBI). Accordingly, the Annual Report for the financial year ended 31st March, 2026 including therein the Notice convening the 19th Annual General Meeting are being sent only by email to all the Members of the Company whose email address is registered with their respective Depository Participant/s. Further, in accordance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), a letter providing a web-link for accessing the Annual Report will be sent to those Members who have not registered their e-mail IDs. The Company has fixed Wednesday, 23rd September, 2026 as the "Cut-off date" for the purpose of determining the Members eligible to vote on the resolutions set out in the Notice. Please note that copies of the said Notice and the Annual Report are also being uploaded on the Company's website viz., www.marineelectricals.com You are requested to take the same on record & oblige. Thanking You. For Marine Electricals (India) Limited Deep Shah Company Secretary & Compliance Officer ACS: 61488 Engineering Progress, Powering the Future Annual Report 2025-26 www.marineelectricals.com Founder and Visionary Marine Electricals (India) Limited 8th April, 1938 - 22nd April, 2004 A true visionary, A great philanthropist, A legacy that will always be cherished! Unified in Vision, Accelerated in Action At Marine Electricals, progress is our way of life. For more than four decades, we have grown from a trusted partner in marine and industrial solutions into a diversified, future- ready organization driving innovation across sectors. Our journey has been one of acceleration, from automation and power distribution to new frontiers like data centers, urban infrastructure, EV charging, and integrated naval solutions. This momentum is powered by continuous investment in technology, state-of-the-art manufacturing, and a passionate multi-disciplinary team committed to excellence. What makes us stronger is unity: the strength of experience, the strength of collaboration, and the strength of a shared vision. Together, we deliver complex, large- scale projects with speed, precision, and reliability across industries and geographies. We are not just part of the value chain; we are the current that connects India and the world. With four decades of trust, scale, and strength behind us, our greatest chapter lies ahead: redefining industries, powering nations, and driving progress without borders. Table of Contents Sr. No. Contents Page No. 1 Message from Chairman’s Desk 001 2 Financial Highlights 004 3 Board of Directors 005 4 Corporate Information 009 5 Notice of 19th Annual General Meeting (AGM) 010 6 Director’s Report 026 7 Management Discussion and Analysis Report 054 8 Report on Corporate Governance 086 9 Business Responsibility & Sustainability Report 115 10 Standalone Standalone Independent Auditor’s Report 155 Standalone Financial Statement 167 11 Consolidated Consolidated Independent Auditor’s Report 227 Consolidated Financial Statement 238 For more investor related information please visit https://www.marineelectricals.com/annual-report/ Or simply Scan to view online version of the report Disclaimer : This document contains statements about expected future events and financials of Marine Electricals India Limited, which are forward- looking. By their nature, forward-looking statements require the Company to make assumptions and are subject to inherent risks and uncertainties. There is a significant risk that the assumptions, predictions, and other forward-looking statements may not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements as several factors could cause assumptions, actual future results and events to differ materially from those expressed in the forward-looking statements. Accordingly, this document is subject to the disclaimer and qualified in its entirety by the assumptions, qualifications and risk factors referred to in the Management Discussion and Analysis section of this Annual Report. Message from Chairman’s Desk We are a committed company, your reliable & trusted partner empowering the nation as well as all the stakeholders. Mr. Vinay Uchil Chairman and Executive Director Marine Electricals (India) Limited Dear Shareholders, It is my privilege to present to you the Annual Report of Marine Electricals (India) Limited for the financial year 2025–26. The year under review was marked by significant shifts in the global technology, economic and geopolitical landscape. Rapid advances in Artificial Intelligence (AI) continued to accelerate innovation and transform businesses across industries, opening new avenues for productivity, efficiency and growth. At the same time, evolving global tariff regimes and geopolitical tensions, including the conflict in West Asia, created disruptions across supply chains and capital flows, contributing to an increasingly complex and uncertain operating environment. Despite these challenges, Marine Electricals (India) remained resilient and delivered a strong performance during the year. Our ability to navigate a dynamic business environment was supported by disciplined execution, operational agility, strong customer relationships and a clear focus on our strategic priorities. We continued to strengthen our capabilities, pursue emerging opportunities and build a robust foundation for sustainable, long-term growth. On behalf of the Board of Directors, I am pleased to share your Company’s performance for the year. Our order book position strengthened significantly during FY 2025–26, reaching approximately Rs. 12,546 million as at the end of the financial year, compared with Rs. 5240 million in FY 2024–25. This represents a substantial increase of nearly 139% year-on-year and reflects the growing confidence of our customers in our capabilities, comprehensive product portfolio and execution track record. With the continued expansion of our product portfolio and our ability to offer a broader range of solutions to our customers, we anticipate further strengthening of our order book during FY 2026–27. Our standalone financial performance was encouraging. Revenue grew to Rs. 7,469.37 million from Rs. 7,005.84 million in the previous year, while net profit increased by 28.9% to Rs. 528.70 million compared to Rs. 410.23 million in FY 2024–25. These results reflect not only our ability to scale but also the trust our customers continue to place in us, even in uncertain times. Looking ahead, our focus remains on R&D, indigenisation, innovation, and fiscal discipline. These pillars will sustain our growth trajectory, strengthen our order book, and ensure we continue to deliver value across our business segments. Our Foundation of Strength At Marine Electricals, our progress rests on three enduring pillars: Ÿ People: The expertise, commitment, and passion of our teams are the true engine of our growth. We continue to in [Showing first 8,000 characters — download PDF for full document]