Annual report 2025-26

Date: September 05, 2026 The Secretary BSE Limited Department of Corporate Services Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai — 400001 RUDRAECO | 514010 | INE723D01021 SUB.: SUBMISSION OF ANNUAL REPORT FOR THE FINANCIAL YEAR 2025-26 OF “RUDRA ECOVATION LIMITED” Dear Sir / Madam, Pursuant to Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 we are submitting herewith the Annual Report of the Company for the Financial Year ended 31st March, 2026 together with Notice convening of 45th Annual General Meeting (AGM) of the Company scheduled to be held on Wednesday, 30th September, 2026 at 01:00 P.M through Video Conferencing (VC) / Other Audio Visual Means (OAVM). In compliance with relevant circulars issued by Ministry of Corporate Affairs and the Securities and Exchange Board of India, the Notice convening the 45th AGM and the Annual Report of the Company for the Financial year 2025-26 is being sent through electronic mode to all the members of the Company whose email addresses are registered with the Company/Company’s Registrar and Transfer Agent i.e. Beetal Financial & Computer Services Pvt. Ltd/Depository Participant(s). Further, a letter has been sent to the members whose email addresses are not registered with the Company/ Company’s RTA or Depository Participant(s), providing the weblink, path or QR code for accessing Notice convening the AGM and the Annual Report of the Company. The Annual Report for the Financial Year 2025-26 including the Notice convening the 45th AGM is also available on the website of the Company at https://rudraecovation.com/investor-relations/annual-reports/# . You are requested to kindly take note of the above information on your records. Thanking You, Yours faithfully For Rudra Ecovation Limited (Formerly Known as Himachal Fibres Limited) Nancy Singla Company Secretary cum Compliance officer RUDRA ECOVATION LIMITED ANNUAL REPORT 2025-26 Corporate Information New Delhi-110062, beetalrta@gmail.com Board of Directors REGISTERED OFFICE/ WORKS Mr. Gian Chand Thakur- Whole Time Director Plot No. 43-44, Industrial Area, Barotiwala-174103 (Himachal Pradesh) Mr. Akhil Malhotra- Non- Executive Director (Chairman) Mr. Vinod Kumar Goyal- Executive Director cum CEO CORPORATE OFFICE (Resigned on 30.04.2025) Mr. Bhim Sain Goyal- Independent Director 4th Floor, Woodstock, Tower, B-35/958, Adarsh Nagar, Ferozepur Road, Opposite Waves Mall, Ludhiana, Punjab, India- 141012 Mr. Surjit Singh- Independent Director (Resigned w.e.f. 13.08.2025) INDEX Ms. Kajal Rai- Independent Director Mr. Akhilesh Kumar Tiwari- Executive Director cum CEO Content Page No. (appointed w.e.f. 09.05.2025 and resigned w.e.f. 02.09.2026) Notice 2-15 Mr. Dharam Veer Singh- Independent Director (Appointed w.e.f. 13.08.2025) Director’s Report & Annexures 16-34 Chief Executive Officer Management Discussion & Analysis Report 34-40 Mr. Vinod Kumar Goyal (Resigned on 30.04.2025 Mr. Akhilesh Kumar Tiwari (Appointed on 09.05.2025 and resigned on Report on Corporate Governance 41-57 02.09.2026) CEO and CFO Certification 57 Chief Financial Officer Mr. Ravi Passi Certificate of Compliance for Corporate Governance 58 Company Secretary cum Compliance officer Certificate of Non-Disqualification of Directors 58-59 Ms. Nancy Singla Independent Auditor’s Report 60-86 Unit Heads Ishani Bansal- Director- Marketing Officer Balance Sheet 87 Statutory Auditors Profit & Loss 88 M/S Manjul Mittal & Associates Chartered Accountant Cash Flow Statement 89 32, Green Enclave, Near Ferozepur Road, Octroi Post, Barewal, Ludhiana-141001 Notes to Financial Statement 90-106 Secretarial Auditors Bhambri & Associates Company Secretary in practice 45th Annual General Meeting SCO-9, 2nd Floor, Jandu Tower, Wednesday, September 30, 2026, Miller Ganj, Ludhiana-141003 At 01:00 P.M. Bankers: Mode: Video Conference (VC) or other State Bank of India Audio Visual Means (OAVM) HDFC Bank Indusind Bank Registrar & Share Transfer Agent Beetal Financial & Computer Services (P) Ltd. Beetal House, 3rd Floor, 99, Madangir, Behind Local Shopping Centre, Near Dada Harsukh Dass Mandir, Chairman’s Message Dear Shareholders, It gives me immense pleasure to present the Annual Report of the Company for the financial year ended March 31, 2026. The year under review has been an important one for the Company as we continued to strengthen our position in the textile manufacturing sector while remaining firmly committed to sustainability, innovation, operational excellence, and long-term value creation. Our core business of manufacturing textile yarn, fibre, and fabrics from recycled materials places us at the forefront of the transition towards a more circular and sustainable textile industry. As global markets increasingly emphasize responsible sourcing, resource efficiency, and environmentally conscious manufacturing, our business model remains well aligned with these evolving opportunities. The financial year was marked by a challenging operating environment, characterized by fluctuations in raw material prices, changing regulatory requirements, global supply-chain uncertainties, and evolving customer preferences. Despite these challenges, the Company remained resilient and focused on strengthening its operational capabilities. Through process optimization, technological improvements, enhanced quality standards, and prudent resource management, we continued to build a strong foundation for sustainable growth. Sustainability remains at the heart of our business philosophy. During the year, we continued to enhance our recycling capabilities and broaden our range of sustainable textile products. These initiatives not only support our environmental objectives but also enable us to respond effectively to the growing demand for eco-friendly and responsibly manufactured textiles across domestic and international markets. An important corporate development regarding the proposed merger of Rudra Ecovation Limited with Shiva Texfabs Limited: The Hon’ble National Company Law Tribunal (NCLT) has reserved its order in relation to the proposed merger. We remain committed to complying with all applicable regulatory requirements and will continue to keep our stakeholders appropriately and prom informed of material developments in this regard. Looking ahead, we remain confident in the opportunities emerging within the sustainable textile sector. Our priorities continue to be innovation, responsible manufacturing, operational efficiency, portfolio enhancement, and long-term value creation for all stakeholders. By maintaining our focus on recycled and sustainable textiles, we are well-positioned to drive growth in the circular economy. I would like to place on record my sincere appreciation to our Board of Directors for their guidance and leadership, our employees for their dedication and commitment, our customers and business partners for their continued confidence, and, most importantly, our valued shareholders for their unwavering support and trust. Together, we remain committed to weaving a better future—one that is more sustainable, responsible, resilient, and prosperous. Chairman RUDRA ECOVATION LIMITED RUDRA ECOVATION LIMITED ANNUAL REPORT 2025-26 NOTICE Notice is hereby given that the 45th Annual General Meeting (AGM) of the members of RUDRA ECOVATION LIMITED Company will be held on Wednesday, the 30th day of September, 2026 at 01:00 p.m. through Video Conferencing (VC) / Other Audio Visual Means (OAVM), in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and Securities & Exchange Board of India in this regard, to transact the following businesses: ORDINARY BUSINESS: 1. To receive, consider and adopt the audited financial statements along with reports of the Board of Directors and Auditors thereon for the financial year ended 31st March, 2026. (Ordinary Resolution) 2. To consider and approve, with or without modification, the appointment of Mr. Akhil Malhotra [Showing first 8,000 characters — download PDF for full document]