Annual Report FY 2025-26.

Date: 05th September, 2026 BSE Limited Stock ID: MEERA Corporate Relationship Department, Scrip Code: 540519 14th Floor, P. J. Towers, Dalal Street, Fort, Mumbai – 400001. Dear Sir/ Ma’am, SUB: ANNUAL REPORT FOR THE FINANCIAL YEAR 2025-26. Pursuant to provisions of Regulation 34 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015, we are submitting herewith the Annual Report of the Company, which is also sent through electronic mode to those members whose e-mail addresses are registered with the Company/Registrar and Transfer Agent/ Depositories. For Members who have not registered their e-mail address, a letter containing web-link of the website where details pertaining to the entire Annual Report is hosted is being sent at the address registered in the records of RTA/Company/Depositories. The Annual Report for the Financial Year 2025-26 is also available at the website of the Company i.e www.meeraind.com We request you to kindly take the same on record. Thanking You, Yours Sincerely, For Meera Industries Limited, Mrs Bhavisha Kunal Chauhan Company Secretary & Compliance Officer M NO- FCS: 12515 Encl as above CORPORATE OVERVIEW 01 Board of Directors P. 005 02 MEERA at a Glance P. 006 03 Letter to Shareholders P. 014 04 Company Information P. 023 GOVERNANCE 05 Board of Director's Report P. 024 06 Annexures to Board Report P. 040 07 Management Discussion and Analysis P. 080 Engineering excellence that FINANCIAL STATEMENTS moves the world of textiles CONSOLIDATED forward - driven by ideas, 08 Independent Auditors' Report on Consolidated Financial Statements P. 101 powered by precision. As we 09 Consolidated Balance Sheet P. 154 innovate with intent and 10 Consolidated Statement of Prot and Loss P. 156 operate with integrity, our 11 Consolidated Cash Flow Statement P. 158 12 Notes to the Consolidated Financial Statements P. 160 journey continues to shape the global textile landscape. STANDALONE 13 Independent Auditors' Report on Financial Statements P. 186 14 Balance Sheet P. 240 15 Statement of Prot and Loss P. 242 16 Cash Flow Statement P. 244 17 Notes to the Financial Statements P. 246 INFORMATION FOR SHAREHOLDER 18 Notice of Annual General Meeting P. 270 CORPORATE OVERVIEW 01 Board of Directors P. 005 02 MEERA at a Glance P. 006 03 Letter to Shareholders P. 014 04 Company Information P. 023 GOVERNANCE 05 Board of Director's Report P. 024 06 Annexures to Board Report P. 040 07 Management Discussion and Analysis P. 080 Engineering excellence that FINANCIAL STATEMENTS moves the world of textiles CONSOLIDATED forward - driven by ideas, 08 Independent Auditors' Report on Consolidated Financial Statements P. 101 powered by precision. As we 09 Consolidated Balance Sheet P. 154 innovate with intent and 10 Consolidated Statement of Prot and Loss P. 156 operate with integrity, our 11 Consolidated Cash Flow Statement P. 158 12 Notes to the Consolidated Financial Statements P. 160 journey continues to shape the global textile landscape. STANDALONE 13 Independent Auditors' Report on Financial Statements P. 186 14 Balance Sheet P. 240 15 Statement of Prot and Loss P. 242 16 Cash Flow Statement P. 244 17 Notes to the Financial Statements P. 246 INFORMATION FOR SHAREHOLDER 18 Notice of Annual General Meeting P. 270 Mr. Dharmesh Desai Mrs. Bijal Desai Ms. Kenny Desai CA. Mayank Desai Chairman & Managing Director & CFO (KMP) Mr. Hetal Mehta CA. Sanjay Mehta Mr. Rajendra Kalyani Mr. Hitesh Agnihotri Mr. Dharmesh Desai Mrs. Bijal Desai Ms. Kenny Desai CA. Mayank Desai Chairman & Managing Director & CFO (KMP) Mr. Hetal Mehta CA. Sanjay Mehta Mr. Rajendra Kalyani Mr. Hitesh Agnihotri 08 09 08 09 10 11 10 11 12 13 12 13 Chairman Communique CAPACITY BUILT. RETURN AHEAD. OUR PRIORITIES FOR FY 2026-27 The capital work-in-progress of 7.32 crore carried at the To fill the new capacity and restore operating margin to end of the previous year has been capitalised during the double digits year, taking gross fixed assets from 18.31 crore to 24.72 To grow the technical-textile and export mix, where crore. That expenditure is now commissioned capacity — realisations and stickiness are both better it is on the shop floor, not on a drawing board. The Dear Shareholders, To continue reducing debt and working capital depreciation associated with the newly commissioned Twenty years ago, Meera began with a simple belief-that assets, together with higher finance costs during the year, To keep engineering, not discounting, as the basis on Indian engineering could compete on quality, precision has been absorbed in FY 2025-26; the volumes it is which we compete. and reliability. Today, with more than one million spindles designed to carry lie ahead of us. This is the single most installed across India and overseas, that belief has important point I can make about the year under review: become the foundation of our business. The the cost has been taken; the return is still to come. responsibility before us is not merely to preserve that legacy, but to build on it. THANK YOU SHARES, SHAREHOLDERS AND CONFIDENCE I record my thanks to my colleagues on the Board for their During the year the Board also approved the sub-division counsel through a demanding year, and in particular to of the Company's equity shares in the ratio of 2:1, our Independent Directors for the rigour they bring to the reducing the face value from 10 to 5 per share with boardroom. To our team at Sachin - many of whom have effect from 6 March 2026. The purpose was been with Meera for the better part of two decades - my A YEAR OF INVESTMENT. NOT RETREAT straightforward — to improve liquidity in the counter and gratitude is personal. To our customers, suppliers, It is my privilege to write to you as your Company widen retail participation. Your shareholder base now bankers and to the regulatory authorities, thank you for completes its twentieth year. I want to begin not with the stands at over 4,600 holders. Notwithstanding the lower your continued confidence. numbers, but with the reason behind them — because FY profit for the year, your Board has maintained the 2025-26 was a year in which Meera deliberately chose to dividend, reflecting confidence in the Company's cash invest ahead of the cycle, and the profit and loss account generation. carries the cost of that choice. On a consolidated basis, your Company recorded TO OUR SHAREHOLDERS revenue from operations of 37.83 crore, against 39.85 A DIVERSIFIED FOUNDATION. A STRONG you have backed a company that chose to build capacity crore in the preceding year. Operating profit stood at FUTURE. in a soft year rather than protect a quarterly number. I 2.86 crore with a margin of 7.56%, and profit after tax was believe that will prove to be the right call, and I intend to 0.98 crore, against 3.72 crore in FY 2024-25. The fourth Meera today is an ISO 9001 certified manufacturer of report to you next year on the strength of it. quarter was the weakest of the year and closed in a loss, twisting, cabling, winding and heat-setting machinery for on account of subdued order conversion and higher the textile and technical textile industry, with over one depreciation and finance costs following the million spindles installed in India and abroad, and a Building today commissioning of new capacity. I will not understate the wholly owned subsidiary serving the United States With warm regards, for a stronger tomorrow. significance of this: it was a disappointing close to the market. Our machines go into carpets and rugs, sewing year, and your Board has examined it closely. and embroidery threads, twines, ropes and industrial yarns. That diversity across end markets remains one of Dharmesh V. Desai NVESTI%AHEAD our greatest strengths: when one segment slows, another Chairman & Managing Director usually does not. OF THE CYCLE THE BALANCE SHEET TELLS THE FULL STORY What I would ask you to read alongside that number is BUILDING CAPACITY. t [Showing first 8,000 characters — download PDF for full document]