Annual Report for the year 2025-2026

September 08, 2026 To, To, The Listing Compliance Department The Department of Corporate Services BSE Limited National Stock Exchange of India Limited P. J. Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai -400001. Bandra (E), Mumbai - 400 051. Script Code- AARNAV SUB: - ANNUAL REPORT OF THE COMPANY FOR THE FINANCIAL YEAR 2025-2026 ALONG WITH NOTICE OF THE ANNUAL GENERAL MEETING SCRIPT CODE: 539562 SECURITY ID: AARNAV Dear Sir/ Madam, Pursuant to the provisions of Regulation 34(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended from time to time) please find enclosed herewith the copy of the Annual Report for the Financial Year 2025-2026 along with Notice of the Annual General Meeting (“AGM”) scheduled to be held on Wednesday, September 30th 2026, at 03:00 P.M. Further, the aforesaid Annual Report along with Notice of the AGM has also been uploaded on the website of the Company at www.aarnavgroup.com. Kindly take the same on your record and oblige. Thanking You Yours faithfully, FOR AARNAV FASHIONS LIMITED CHAMPALAL AGARWAL CHAIRMAN AND WHOLE TIME DIRECTOR DIN- 01716421 AARNAV FASHIONS LIMITED CIN: L17100GJ1983PLC028990 43rd ANNUAL REPORT 2025-2026 AARNAV FASHIONS LIMITED CIN: L17100GJ1983PLC028990 Regd. Office: - Survey No. 302-305, Isanpur, Narol-Vatva Road, Ahmedabad – 382405 (India). COMPANY INFORMATION BOARD OF DIRECTORS MR. CHAMPALAL GOPIRAM AGARWAL WHOLE TIME DIRECTOR & CHAIRMAN MR. SUMIT CHAMPALAL AGARWAL MANAGING DIRECTOR MR. MADHUR MURARI TODI INDEPENDENT DIRECTOR MR. SOURABH VIJAY PATAWARI INDEPENDENT DIRECTOR MR. KULDEEP ASHOKBHAI SHAH INDEPENDENT DIRECTOR MS. NIDHI AGGRAWAL NON-EXECUTIVE DIRECTOR COMPANY SECRETARY & MS. MILEE CHANDRESH KAMDAR COMPLIANCE OFFICER CHIEF FINANCIAL OFFICER MR. RADHAKISHAN LEKHARAM SHARMA SECRETARIAL AUDITOR: RAVI KAPOOR & ASSOCIATES INTERNAL AUDITORS COMPANY SECRETARY IN PRACTICE M/S B MAYUR & ASSOCIATES CHARTERED ACCOUNTANTS STATUTORY AUDITORS M/S. NAHTA JAIN & ASSOCIATES COST AUDITORS CHARTERED ACCOUNTANTS M/S KIRAN J. MEHTA & CO COST ACCOUNTANTS SHARE REGISTRARS & MCS SHARE TRANSFER AGENT LIMITED TRANSFER AGENT 101, SHATDAL COMPLEX, OPP. BATA SHOW ROOM, ASHRAM ROAD, AHMEDABAD-380009 REGISTERED OFFICE & SURVEY NO. 302-305, ISANPUR, WORKS GOPI COMPOUND, NAROL - VATVA ROAD, NAROL, AHMEDABAD-382405 EMAIL: aarnavfashions@gmail.com BANKERS PUNJAB NATIONAL BANK LARGE CORPORATE BRANCH, S. G. HIGHWAY, SATELLITE, AHMEDABAD – 380015. STATE BANK OF INDIA, OVERSEAS BRANCH, S. G. HIGHWAY, SATELLITE, AHMEDABAD – 380015. WEBSITE www.aarnavgroup.com CIN L17100GJ1983PLC028990 2 | 43rd ANNUAL GENERAL MEETING INDEX CONTENTS PAGE No. NOTICE TO THE SHAREHOLDERS 4 DIRECTOR’S REPORT 18 SECRETARIAL AUDIT REPORT 28 CORPORATE GOVERNANCE REPORT 35 MANAGEMENT DISCUSSION & ANALYSIS 54 INDEPENDENT AUDITORS' REPORT 61 BALANCE SHEET 72 STATEMENT OF PROFIT & LOSS 74 CASH FLOW STATEMENT 76 NOTES ON ACCOUNTS 88 PROXY FORM 113 ATTENDANCE SHEET 114 3 | 43rd ANNUAL GENERAL MEETING NOTICE Notice is hereby given that the 43rd Annual General Meeting of AARNAV FASHIONS LIMITED will be held on Wednesday, 30th day of September, 2026 at Survey No. 302-305, Isanpur, Gopi Compound, Narol - Vatva Road, Narol, Ahmedabad-382405 at 03.00 P.M. ORDINARY BUSINESS: ITEM NO.: 1 - ADOPTION OF AUDITED FINANCIAL STATEMENTS: To receive, consider and adopt (a) the Audited financial statement of the Company for the Financial Year ended on March 31, 2026 and the report of the Board of Directors and Auditors thereon; in this regard, To consider and if thought fit, to pass, with or without modification(s), the following resolutions as an Ordinary Resolutions: “RESOLVED THAT the Audited financial statement of the Company for the financial year ended on 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.” ITEM NO.: 2 - TO APPOINT A DIRECTOR IN PLACE OF MS. NIDHI SANJAYKUMAR AGGRAWAL, DIRECTOR (DIN: 08364168), WHO RETIRES BY ROTATION AND BEING ELIGIBLE OFFERS HERSELF FOR RE-APPOINTMENT. “RESOLVED THAT in accordance with the provisions of Section 152 read with the Companies (Appointment and Qualification of Directors) Rules, 2014 and other applicable provisions of the Companies Act, 2013, Ms. Nidhi Sanjaykumar Agarwal, (DIN: 08364168), who retires by rotation at this meeting and being eligible, offers herself for reappointment, be and is hereby appointed as a Non-Executive Director of the Company.” SPECIAL BUSINESS: ITEM NO.: 3 - TO RATIFY THE REMUNERATION PAYABLE TO M/S. KIRAN J. MEHTA & CO, COST ACCOUNTANTS COST AUDITOR OF THE COMPANY FOR THE FINANCIAL YEAR ENDED ON MARCH 31, 2027 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 148(3) and other applicable provisions, if any, of the Companies Act, 2013, read with Rule 14 of the Companies (Audit and Auditors) Rules, 2014 including any statutory modification(s) or re- enactment(s) thereof for the time being in force and as approved by the Board of Directors of the Company, remuneration of 55,000/- (Rupees Fifty Five Thousand Only) (plus applicable taxes and reimbursement of out of pocket expenses incurred in connection with the audit) to be paid to M/s Kiran J. Mehta & Co., Cost Accountants, Ahmedabad appointed by the Board of Directors of the Company for carrying out Cost Audit of the Company for Financial Year 2026-2027, be and is hereby approved and ratified.” “RESOLVED FURTHER THAT the Board of Directors of the Company be and is hereby authorized to do all acts and take all such steps as may be necessary, proper or expedient to give effect to above resolution.” ITEM NO.: 4 - APPROVAL OF APPOINTMENT OF RAVI KAPOOR & ASSOCIATES AS SECRETARIAL AUDITOR 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 Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Section 204 of the Companies Act, 2013 read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, and upon recommendation of the Audit & Compliance Committee and the Board of Directors, 4 | 43rd ANNUAL GENERAL MEETING the appointment of Ravi Kapoor & Associates, a Peer Reviewed Firm of Company Secretaries in Practice, having Registration No. F2407, as the Secretarial Auditor of the Company, for a period of five years i.e. to hold office from the conclusion of this Annual General Meeting of the Company (i.e. 43rd AGM) till the conclusion of 48th Annual General Meeting of the Company, be and is hereby approved to conduct the Secretarial Audit of the Company for a period of five consecutive financial years (i.e. from FY 2026-27 to FY 2030-31), in compliance with applicable laws.” “RESOLVED FURTHER THAT the shareholders of the Company hereby approve the fixation of a maximum cap on remuneration payable to the Secretarial Auditor, Ravi Kapoor & Associates, for a period of five consecutive financial years commencing from FY 2026-27 to FY 2030-31, at such remuneration including applicable taxes and out-of pocket expenses, payable to them during their tenure as the Secretarial Auditors of the Company, as may be mutually agreed between the Board of Directors and the Secretarial Auditors from time-to-time.” FOR AND ON BEHALF OF BOARD OF DIRECTORS AARNAV FASHIONS LIMITED Sd/- CHAMPALAL GOPIRAM AGARWAL CHAIRMAN & WHOLE TIME DIRECTOR AHMEDABAD DIN: 01716421 SEPTEMBER 07, 2026 REGISTERED OFFICE: Survey No. 302-305, Isanpur, Gopi Compound, Narol - Vatva Road, Narol, Ahmedabad-382405 WEBSITE: www.aarnavgroup.com EMAIL: aarnavfashions@gmail.com 5 | 43rd ANNUAL GENERAL MEETING NOTES: 1. A statement pursuant to Section 102(1) of the Companies Act, 20 [Showing first 8,000 characters — download PDF for full document]