Shareholders meeting

September 08, 2026 National Stock Exchange of India Ltd., Exchange Plaza, BandraKurla Complex, Bandra (East), Mumbai – 400051 NSE Symbol: ICEMAKE Sub: Submission of Notice of 17th Annual General Meeting and Annual Report 2025-26 Dear Sirs; Pursuant to Regulation 30 and 34(1)(a) of SEBI (LODR) Regulations, 2015, we are enclosing herewith: - Notice of 17th Annual General Meeting of the members of the Company along with Annual Report for FY 2025-26. Kindly acknowledge receipt of the same. Thanking you, Yours faithfully, For Ice Make Refrigeration Limited Mandar Desai Company Secretary & Compliance Officer Encl: As above. MAKE REFRIGERATION LIMITED ANNUAL REPORT 2025-26 Built for Today. Scaled for Tomorrow. Ice Make Refrigeration Limited Plant and Corporate Office 226, Dantali Industrial Estate, on Gota-Vadasar Road Near Ahmedabad City, at Dantali, Taluka Kalol District Gandhinagar - 382 721, Gujarat, India CIN: L29220GJ2009PLC056482 Website: www.icemakeindia.com | Phone: +91-98 7910 7881 (Ext: 220/221) Email: investor@icemakeindia.com Ice Make Refrigeration Limited cs@icemakeindia.com info@icemakeindia.com Annual Report 2025-26 BUILT FOR ACROSS THE PAGES TODAY. Corporate Overview 02-29 Highlights of 2025-26 2 https://www.icemakeindia.com/ About the Company 4 investor-update/ Our Journey 8 SCALED FOR Product Portfolio 10 Creative Solutions 12 Scan this QR Code to access the Investor Relations page Presence and Manufacturing Excellence Financial Highlights 16 Investor Information Chairman’s Message 18 Market Business Model 20 Capitalization (as of ₹1,212 Crores March 31, 2026) Drivers of Growth 22 CIN L29220GJ2009PLC056482 As cold chain networks evolve and Built for Today reflects our commitment to delivering Environmental, Social, and Governance 24 dependable refrigeration solutions that combine BSE Code NA industries demand greater efficiency, Awards and Accolades 26 performance, energy efficiency, and operational Board of Directors 27 NSE Symbol ICEMAKE reliability, and responsiveness, cooling excellence. Designed to address the evolving Next Generation Leaders 28 Bloomberg Code ICEMAKE:IN solutions must go beyond meeting demands of the industry, our systems enable Corporate Information 29 Dividend Proposed `2.25 Per share immediate requirements. They should customers to operate with confidence, enhance adapt to changing operational needs productivity, and maintain consistent performance AGM Date September 30, 2026 across diverse applications. while creating the flexibility to grow AGM Mode VC/OAVM Statutory Reports 30-105 alongside businesses. Scaled for Tomorrow represents our focus on enabling long-term growth through adaptable, Management Discussion and Analysis 30 At Ice Make Refrigeration, this understanding guides future-ready refrigeration solutions as customer Notice 42 our approach to design, manufacture, and deliver requirements and market dynamics continue to Explanatory Statement 53 innovative cooling solutions. Supported by a diverse evolve, our solutions are designed to support growth product portfolio and integrated capabilities, we through flexibility, advanced technologies, and Director’s Report 65 help customers to address current challenges while continuous innovation. Our expanding portfolio Corporate Governance Report 90 Disclaimer preparing ourselves for emerging opportunities across including continuous panels, chest freezers, visi our various verticals, like cold room, commercial coolers, and other next-generation offerings This document contains statements about expected future events and financials of Ice Make Refrigeration Limited (‘The Company’), refrigeration, industrial refrigeration, transport strengthens our ability to create sustainable value Financial Statements 106-196 which are ‘forward-looking’. By their nature, forward-looking refrigeration, and ammonia refrigeration, among while addressing emerging opportunities across the statements require the Company to make assumptions and are others, reinforcing our ability to serve diverse customer refrigeration ecosystem. subject to inherent risks and uncertainties. There is a significant Standalone 106 risk that the assumptions, predictions, and other forward-looking requirements across multiple industries. Together, this theme reflects Ice Make’s strategic Consolidated 152 statements may not prove to be accurate. Readers are cautioned not approach to strengthening capabilities for today to place undue reliance on forward-looking statements as several factors could cause assumptions, actual future results and events while creating the foundation for tomorrow’s to differ materially from those expressed in the forward-looking opportunities. 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. Corporate Overview Statutory Reports Financial Statements Highlights of 2025-26 DELIVERING RESULTS. BUILDING SCALE. Standalone Operational Numbers Footprint `668.41 5 65+ 50+ Crores Revenue Manufacturing Plants Business Associates Products `43.73 `1.24 26,000+ 21+ Crores Crores EBITDA R&D Spend Customers Countries Catered through Exports 6.54 8 EBITDA Margin Business Segments `10.89 Crores Social 1,249+ 1.63 Total Workforce PAT Margin `6.90 Crores Total CSR Spend 2 Annual Report 2025-26 Ice Make Refrigeration Limited 3 Corporate Overview Statutory Reports Financial Statements About the Company MEETING TODAY’S NEEDS. 5 8 EXPANDING TOMORROW’S Manufacturing Facilities Business Segments POSSIBILITIES. In Gujarat In Tamil Nadu Ice Make Refrigeration excellence and innovation, and a customer-centric Limited (also referred to we have established approach, we continue to as ‘Ice Make’, ‘The ourselves as one of the drive sustainable growth, 1 Company’ or ‘We’) is leading names in the operational efficiency and In Kolkata a leading provider refrigeration industry. industry transformation. of high-quality, Backed by advanced energy-efficient and technology, a robust customized cooling manufacturing ecosystem solutions. With a legacy of Mission Dedicatedly produce high-quality end-to-end customized cooling solutions for a diverse set of customers across industries Consistently exceed customers’ expectations through quality, on-time delivery and after-sales service Cold Room Commercial Refrigeration Ammonia Refrigeration Constantly remain agile and adaptable to change and challenges Persistently achieve sustainable business growth by value creation through hard work Continually maintain trust and respect of clients and stakeholders Vision Create Ice Make brand an industry leader in offering total cold chain and food processing solutions with energy-saving and eco-friendly products and excellent Industrial Refrigeration Transport Refrigeration Continuous PU/PIR Sandwich after-sales service. Panels Products Ice Make’s solutions cater to a wide range of diverse temperature- controlled applications across storage, processing, and distribution environments. This diversity helps balance demand across sectors and supports scalable operations across multiple end-use sectors. Guided by customer needs and enabled by cutting-edge technologies, Ice Chest Freezers Visi Coolers Make offers an extensive portfolio across eight strategic verticals 4 Annual Report 2025-26 Ice Make Refrigeration Limited 5 Corporate Overview Statutory Reports Financial Statements Drivers of Success Industries Served Industry-Wise Share Customer Outcomes 30-40% 15-20% Dairy Hospitality Delivering reliable solutions, Dairy and Ice Cream Food Processing and Hospitality aligned with application- specific requirements Food 15-20% 3-5% Cold Chain 2 Processing Workforce Capability Pharma and Chemicals Logistics Strengthening skills, accountability, and a safe operating environment Ice Cream Pharmaceutical 5-7% 3 E-Commerce Sustainable Returns Disciplined c [Showing first 8,000 characters — download PDF for full document]