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HINDUSTAN FOODS LIMITED A Vanity Case Group Company A Government Recognised Two Star Export House Registered Office: Office No. 3, Level 2, Centrium, Phoenix Market City, 15, Lal Bahadur Shastri Road, Kurla (West), Mumbai, Maharashtra, India, 400 070. Email: business@thevanitycase.com, Website: www.hindustanfoodslimited.com Tel. No.: +91 22 6980 1700/01, CIN: L15139MH1984PLC316003 Date: September 23, 2026 To, To, The General Manager The Manager, Department of Corporate Services National Stock Exchange of India Limited, BSE Limited Listing Department, Floor 25, P. J. Towers, Dalal Street, Exchange Plaza, C-1, Block G, Mumbai- 400 001 Bandra Kurla Complex, Tel: (022) 2272 1233 / 34 Bandra (East), Mumbai 400 070 Company Scrip Code: 519126 Company Symbol: HNDFDS Dear Sir /Madam, Sub: 41st Annual General Meeting of the Members of the Company held on Wednesday, September 23, 2026 Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, We enclosed herewith the copy of the Chairman’s Speech of the 41st Annual General Meeting (‘AGM’) of the Members of the Company held on Wednesday, September 23, 2026 at 11:30 a.m. through Video Conference facility (‘VC’) or Other Audio ‐ Visual Means (‘OAVM’) and the deemed venue was the Registered Office of the Company at Office no. 3, level-2, Centrium, Phoenix Market City, 15, LBS road, Kurla (West), Mumbai - 400 070. You are requested to take the same on record. Yours faithfully, For HINDUSTAN FOODS LIMITED Bankim Purohit Company Secretary and Legal Head ACS 21865 Encl.: As above Hindustan Foods Limited September 23, 2026 Shashi Kalathil Chairman’s Speech 41st Annual General Meeting Mumbai Ladies and Gentlemen, Good morning! It is with great pride and pleasure that I welcome you all to the 41st Annual General Meeting of your company Hindustan Foods Limited. I consider it a privilege that I get to formally so share insights on your company’s performance. With your consent having reviewed the Director’s report and audited financial statements for FY 2025-26, I will consider them read. FY 2025-26 has been the strongest year in the Company’s history, a year in which your Company delivered its highest-ever annual performance while continuing to invest decisively in building the foundations for future growth. What began four decades ago as a modest manufacturing venture has today evolved into one of India’s largest and most diversified contract manufacturers, through 42 manufacturing facilities across 12 states, we now operate in Home & Personal Care, Food & Beverages, Ice Cream, Healthcare and Footwear sectors. Today, our products touch the lives of millions of consumers every day, reflecting the scale, diversity and depth of capabilities we have built over the years. This performance is a testament to the trust of our customers, the commitment of our employees and the strength of our business model. At the same time, we remain focused on the opportunities ahead and continue to invest in capacities, capabilities and new growth platforms that will enable us to sustain this momentum in the years to come. This year reaffirmed your company’s belief that growth must be architected through intent, foresight and disciplined execution, even amid a challenging macroeconomic environment. In Home & Personal Care, we continued to strengthen our position through investments in capacity, infrastructure and customer acquisition. The acquisition of the Aurangabad personal care facility has expanded our ability to serve emerging and D2C brands through smaller production runs, while strengthening our product development and formulation capabilities. Our investments in Silvassa and Lucknow will further enhance our presence across liquid detergents, household cleaning, personal care and formulation-led products. In Food & Beverages, your company strengthened its platform through focused investments across beverages, dairy, snacks and adjacent high-growth categories. Capacity expansion undertaken ahead of the summer season enabled several factories to achieve their highest-ever production levels. Looking ahead, your company is entering Greek yoghurt manufacturing and expanding its bottled water capacity in Aurangabad and South India. In the Food business, we are also undertaking a brownfield expansion in South India, while in Beverages, we are setting up a greenfield facility for bottled water and juices. Hindustan Foods Limited The Ice Cream business had a defining year. We commissioned the greenfield Nashik facility and expanded our Lucknow operations, with this we have now invested a total Capex* in our Ice cream division of approx. Rs. 630 Crores. We also accelerated backward integration through acquisition of the waffle cone and packaging material unit and commissioned our dedicated stick manufacturing facility. These investments strengthen our ability to serve customers with scale while improving efficiency, quality and margin resilience. The Healthcare business continued to strengthen its manufacturing readiness, product development and quality systems, adding new customers on the back of successful regulatory and customer audits. Your company further expanded its presence in wellness-led and Ayurveda-oriented categories, with a new Ayurvedic wellness manufacturing facility at Baddi currently underway. The Footwear business crossed an important milestone of Rs. 500 crores in annual turnover during the year, even as it remained the vertical most affected by geopolitical conditions including volatility and increase in petrochemical prices. Your company continued to invest in new brand relationships and in capacity expansion across North and South India to strengthen the division’s long-term positioning. Across all our verticals, your Company signed projects worth Rs. 780 crores in FY 2025-26, marking the highest annual project commitment in our history. More than 70% i.e. Rs. 550 crores has been already commercialised, the balance we expect will be commercialised during FY 2026-27. This strong project pipeline reflects the continued confidence of our customers in our capabilities and provides a solid foundation for our next phase of growth. On the financial front, I am pleased to report that your Company delivered record performance in FY26. Consolidated revenue increased by 17% to Rs. 4,265 crores. EBITDA grew by 20% to Rs. 377 crores, while Profit After Tax increased by 29% to Rs. 149 crores. Earnings per share increased from Rs. 9.85 in FY25 to Rs. 12.34 in FY26. This performance surpassed the Company’s stated guidance and represented the strongest financial performance in our history. What is particularly encouraging is the quality of this growth. Despite operating through a challenging macroeconomic environment and a period of significant investment, our expanding manufacturing network, diversified customer relationships and focus on operational excellence are translating into sustainable earnings growth. We have also remained disciplined in our approach to capital allocation. Despite being in a peak investment phase, adjusted ROCE stood at 18.9% after normalising for recently commissioned and under-utilised assets. Our internal minimum ROCE threshold of 18% continues to be adhered to for new projects and acquisitions. Our balance sheet continues to remain well managed, with net debt-to-equity at 0.84x and cash and cash equivalents of Rs. 90 crores at the end of FY26. At the same time, we recognise that higher working capital requirements impacted cash flow during the year, partly due to the inverted GST duty structure and our conscious decision to build inventory amid geopolitical uncertainty. * Includes CWIP, Capital Advances and excluding ROU Hindustan Foods Limited Our commitment to responsible growth also remains strong. During the year, we progressed our green power initiatives through Group Captive Solar projects, commenced installation of bio [Showing first 8,000 characters — download PDF for full document]