Enclosed herewith 43rd Annual Report for the Financial Year 2025-26

PANJON LIMITED Date: 05-09-2026 The Secretary, The Bombay Stock Exchange Limited PhirozeJeejecbhoy Towers Dalal Street Mumbai- 400001. BSE CODE: 526345 Subject: ANNUAL REPORT FOR F.Y. 2025-26, NOTICE OF 43"” ANNUAL GENERAL MEET) (“AGM™) Dear Sir/Ma’am, As required under Regulation 30 and Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we submit herewith the Annual Report of the Company for the Financial Year 2025-26 along with the Notice convening the 43" Annual General Meeting scheduled to be held on Wednesday, 30" September, 2026 at 12:00 P.M. (IST) through Video Conferencing ("VC") / Other’ Audio-Visual Means ("OAVM") in accordance with the circular issued by Ministry of Corporate Affairs ("MCA") and Securities and Exchange Board of India ("SEBI"). In compliance with above mentioned circulars, the Annual Report of the Company for the Financial Year 2025-26 along with the Notice convening the 43" Annual General Meeting has been sent in electronic mode to Members whose E-mail IDs are registered with the Company or the Depository Participant(s). In compliance with Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, as amended from time to time, Regulation 44 of the Listing Regulations and Secretarial Standard - 2 on General Meetings issued by The Institute of Company Secretaries of India, the Company is providing the facility to Members to exercise their right to vote by electronic means on Resolutions proposed to be passed at AGM. The Company has engaged CDSL and you will be redirected to website for providing facility for voting through remote e-Voting, for participation in the AGM through VC/OAVM and e-Voting during the AGM. The Register of Members and the Share Transfer books of the Company will remain closed from Thursday, 24" September, 2026 to on Wednesday, 30™ September, 2026 (both days inclusive). ) f{cd, For Pamjuh — Director. Corporate Office : 01 Panjon Farm House, Near Hinkargiri Jain Tirth, Bijasan Airport Road, Indore 452005 Madhya Pradesh, India Production.Unit : 104 Industrial Area, Sector 1, Pithampur, District Dhar 454775 Madhya Pradesh, India CIN : L24232MP1983PLC002320 | Phone :+91 9300008787 | E-mail : info@panjon.in | Website : www.panjon.in - swad M@ Hfim@ -@ lsi‘gza;lar.com_/ PANJON LIMITED KIENYF ORMATION: Cut Off Date Wednesday, 23" September, 2026 Day, Date and Time of commencement of remote Sunday, 27 September, 2026 at 09:00 A.M. (IST) e-voting Day, Date and Timof eend of e-voting Tuesday29," September, 2026 at 05:00 P.M. (IST) Annual General Meeting Wednesday, 30" September, 2026 at 12:00 P.M. The copy of the Notice of AGM and Annual Report is also available on the Company website at https://www.panjon.in/annual-report.php and on the website of the Stock Exchange at the BSE Limited at Kindly acknowledge and take on record the same. Thanking You, Eor and on, pgpm{o[rmwtfimnea Jay Kothari Director. Managing Director DIN: 0057254 Corporate Office : 01 Panjon Farm House, Near Hinkargiri Jain Tirth, Bijasan Airport Road, Indore 452005 Madhya Pradesh, India . Production Unit : 104 Industrial Area, Sector 1, Pithampur, District Dhar 454775 Madhya Pradesh, India CIN : L24232MP1983PLC002320 | Phone : +91 9300008787 | E-mail : info@panjon.in | Website : www.panjon.in E— Swad® M@ m - SB‘:za;lar.com_/ PANJON LIMITED CIN : L24232MP1983PLC002320 Registered Office: 1, Panjon Farm House, Near Hinkargiri Tirth, Airport Bijasan Road Indore Indore MP 452005 India 43rd Annual Report 2025-2026 1. CORPORATE INFORMATION BOARD OF DIRECTORS Mr. Jay Kothari Managing Director (DIN-00572543) Mr. Anju Kothari Executive Director (DIN-00567422) Mr. Athak Mahajan Non-Executive Independent (DIN-10292097) Mr. Rajiv Kumar Non-Executive Independent (DIN-10292119) Mrs. Pooja Vishal Bhandari Woman Independent Director (DIN-07867093) Mr. Archit Jay Kothari Additional Director (DIN: 06625327) Mrs. Arpita Vijay Varg iya Company Secretary and Compliance Officer Mr. Pramod Kumar Ajmera- Chief Financial Officer 2. Registered Office: 1, Panjon Farm House, Near Hinkargiri Tirth, Airport Bijasan Road Indore MP 452005 India 3. Statutory Auditor: M/s Goyal Parul & Co., Chartered Accountant 4. Secretarial Auditor: Parul Dwivedi & Associates G2, Narmada Avenue Plot No. E1, Scheme No. 103 Kesar Bagh Road, Indore (M.P.) 4520125. 5. Bankers: Axis Bank Ltd. IDBI Bank 5. Registrar & Transfer Agents: Skyline Financials Services Pvt. Ltd. D-153A, 1st Floor, Okhla Industrial Area, Phase I, New Delhi -110020 6. Listed at: BSE Limited 7. Demat ISIN No. INE744D01019 NSDL & CDSL 8. Website www.panjon.in 9. Email Id info@panjon.in / bse@panjon.in 10. Corporate Identity No. L24232MP1983PLC002320 CONTENTS SR Particulars Page No. 1. Notice 1-13 2. Directors' Report 14-26 3. AOC-2 27-28 4. Corporate Governance Report 29-48 5. Secretarial Audit Report 49-60 6 Management Discussion and Analysis Report 61-63 6. Statement of Disclosure of Remuneration 64-65 7. Code of Conduct Declaration 66 8. AOC-1 67-70 9. Certificate of Non-Disqualification of Directors 71-72 10. MD and CFO Certification 73 11. Audit Report 74-88 12. Balance Sheet and Profit & Loss A/c 89-90 13. Cash Flow Statement, Notes Forming part of Financial Statement 91-108 & Schedule to Financial Statement 14. Attendance Slip 109 15. Proxy Form 110-112 16. Polling Paper 113-114 17. Route Map 115 NOTICE Notice is hereby given that the 43rd Annual General Meeting of the Members of PANJON LIMITED will be held on Wednesday on 30th September, 2026 at 12:00 p.m. at the registered office of the company i.e, 01, Panjon Farm House, Near Hinkargiri Jain Tirth, Airport, Bijasan Road Indore, Madhya Pradesh 452005 to transact the following businesses; ORDINARY BUSINESS: 1. TO CONSIDER AND ADOPT THE AUDITED FINANCIAL STATEMENT OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026 AND THE REPORTS OF THE BOARD OF DIRECTORS AND AUDITORS THEREON; To consider and if thought fit, to pass, with or without modification(s), the following resolutions as Ordinary Resolutions: “RESOLVED THAT the Audited financial statement of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon, as circulated to the members, be and are hereby considered and adopted.” 2. TO APPOINT A DIRECTOR IN PLACE OF MRS. ANJU KOTHARI (DIN: 00567422) WHO RETIRES BY ROTATION AND BEING ELIGIBLE, HAS OFFERED HERSELF FOR RE- APPOINTMENT To consider and if thought fit to pass with or without modification(s) the following resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Section 152 and other applicable provisions, if any of the Companies Act, 2013 and the Rules made there under (including any statutory modification(s) or re-enactment thereof for the time being in force) Mrs. Anju Kothari (DIN: 00567422) who retires by rotation from the Board of Directors and being eligible for appointment, be and is hereby appointed as a Director of the Company and whose office shall be liable to retire by rotation.” SPECIAL BUSINESS: 3. TO APPOINT / REGULARIZE MR. ARCHIT KOTHARI (DIN: 06625327) AS DIRECTOR (NON-EXECUTIVE NON-INDEPENDENT DIRECTOR) OF THE COMPANY: To consider and if thought fit to pass with or without modification(s) the following resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Section 149, 152, 161(1) and other applicable provisions, if any, of the Companies Act, 2013 (“Act”) and the rules made thereunder, Mr. Archit Kothari (DIN: 06625327) who was appointed as an Additional Director of the Company by the Board of Directors with effect from 13-08-2026 and who holds office up to the date of this Annual General Meeting pursuant to Section 161(1) of the Act, and in respect of whom the Company has received a notice in writing under Section 160 of the Act proposing his candidature for the office of Director, be and i [Showing first 8,000 characters — download PDF for full document]