Corrigendum & Addendum to the Annual Report (with C&AG Comments & replies thereto) for the FY 2025-26

@ hnnk 2uE0L3 OE3EE va ow ¢ fafiks HMT LIMITED /4 ‘P’ (%3003 geOF eVB,a) (¥RA TR BT 39BH) (A Gowt. of India Undertaking) ; j*)‘f-r S0KT I, #59, D OF, T W, # 50, FeeTAl1 HMT BHAVAN Azadi D B YL R#5 0P9, Bell0ary RI0oNaOdK, Amrit M h 9,5° 91-80-23339111 %: 91-80-23339111 Fax: 91-80-23339111 ahotsav e-weer chd@hmtindia.com 3- & : cho@hmtindia.com E-mail: cho@hmtindia.com Ses® - w ww.hmtindia.com 94 FTEE: www hmtindia.com Website : www.hmtindia.com e, S-5 25 T 2026 Secl. $-5 25 September, 2026 dows fafAes A FiF TEESS 36 SR s BSE Limited National Stock Exchange of India Limited RS Sheiteir erad "TFEGS TS Phiroze Jeejeebhoy Towers “Exchange Plaza” 258t #fSre, o Tie aigT-Fell HlecTT 25th Floor, Dalal Street Bandra-Kurla Complex ;mg Yoooog a';a'[(\{é’). flaé - goooug Mumbai- 400 001 Bandra (E), Mumbai - 400 051 THT H13: 500191 =i : HMT Scrip Code: 500191 Scrip Symbol: HMT R #Feleal wgrean, Dear Sir/ Madam, Sub: Corrigendum & Addendum to the Annual Report (with C&AG Comments & replies thereto) for the Financial Year 2025-26 This has reference to our letter dated September 08, 2026, whereby the Company had submitted its Annual Report for the Financial Year 2025-26 together with the Notice convening the 73 Annual General Meeting (‘AGM") of the Company scheduled to be held on Wednesday, September 30, 2026, at 02:00 P.M. IST through Video Conferencing / Other Audio-Visual Means. We wish to inform you that certain inadvertent printing error were noticed, subsequent to the circulation of the annual report for the financial year 2025-26 in the following sections including cover page: . Chairman’s Address (Il - Ill) & Board of Directors (VIII) . Performance Highlights (Page 02) . Director’s Report (Page 08 to 12) . Management Discussions and Analysis (Page 24) . Independent Auditors Report a. Annexure — A (Page 87 & 92) b. Annexure - B (Page 95) c. Annexure — C (Page 96, 97 & 98) . Standalone Material Accounting Policy (Page 110 & 111) . Standalone Balance Sheet (Page 113) . Standalone Cash Flow Statement (Page 117) ®ON~oo CIN: L29230KA1953G0I000748 QS To0LBF oL 2251,2 #509, 288308 0F, orktich- A I - U9 U0 A U o0 SR 712 Shres cen 011 A PA . LI KT B - 9. Statement of Changes in equity (Page 118) 10. Notes forming part of Standalone Financial Statements (Page 133 to 138 & 144) 11.Consolidated Material Accounting Policies (Page 171) 12. Consolidated Balance Sheet (Page 186) 13. Notes forming part of Consolidated Balance Sheet (Page 207, 209, 230) The corrections undertaken in the Annual Report primarily relates to certain typographical/formatting and inadvertent errors and do not have any material impact on the financial statements, financial position, disclosures, or overall substance of the Annual Report. Further, Comments of the Comptroller and Auditor General of India (C&AG) under section 143 (6) (b) of the Companies Act, 2013 on the Financial Statements (Standalone and Consolidated) of the Company for financial year 2025-26 has been received. Updated Annual Report for the FY2025-26 including C&AG Comments (from page no. 241 onwards) along with management replies thereto, has been made available on the Company's website at https:/www.hmtindia.com/wp- content/uploads/2026/09/Updated-Annual-Report-2025-26.pdf. C&AG Comments along with management replies, forms part of the Annual Report for the FY2025-26. The updated annual report for the FY 2025-26 is attached herewith for reference. HIE/ Yours faithfully TauAd fAfAes & faw For HMT Limited Encl: As above (fiR $AR T8/ KISHOR KUMAR S) TSI (F9=T TfAF) /AGM (Company Secretary) AnnuAl RepoRt 2025 - 26 Chairman’s Address 73rd Annual General Meeting of HMT Limited My Dear Shareholders, Manufacturing impact on future of Indian Economy Namaskar Manufacturing remains pivotal to India’s economic transformation, driving industrial growth, I am honoured to present to employment generation, and technological you the Annual Report of HMT advancement. The Government has prioritised Limited for the year 2025-26. We the manufacturing ecosystem through visionary shall reflect on the past year’s initiatives such as ‘Make in India’, ‘Atmanirbhar achievements and challenges. It is also imperative Bharat’, Viksit Bharat FY 2047, the Production Linked to acknowledge the global outlook, the state of the Incentive Schemes, and the National Manufacturing Indian Economy, and the impact of manufacturing Mission announced in the Union Budget 2025–26. initiatives on the future of our nation. These programs aim to enhance domestic value Global Outlook addition, improve global competitiveness, and encourage investments across strategic sectors The global economy during FY 2025–26 was marked like defence, railways, electronics, and renewable by policy uncertainty, evolving trade dynamics, energy. and persistent geopolitical tensions, with the International Monetary Fund projecting global Business Scenario growth at 2.8 per cent in 2025. Despite near- Our business environment remained resilient term challenges, the global economy continues during FY 2025–26. Sustained public investment to demonstrate resilience, supported by easing in infrastructure and policy initiatives promoting inflationary pressures, improving labour market domestic manufacturing have created significant conditions, and vital investments in digital opportunities for the capital goods and engineering technologies and advanced manufacturing. sectors. Technology and innovation continue to Indian Economy transform the industrial landscape, accelerating the adoption of automation, Artificial Intelligence, The Indian economy maintained its robust and Industry 4.0 practices, which are essential for growth momentum during the year, driven improving productivity and operational efficiency. by strong domestic demand, sustained public capital expenditure, and solid macroeconomic Sectorial Trend fundamentals. According to the Economic Survey Manufacturing 2025–26, India’s real GDP is projected to grow in the range of 6.8–7.2 per cent in FY 2026–27, reflecting The manufacturing sector continued to remain a key sustained domestic demand, strong macroeconomic driver of India’s economic growth during FY 2025–26, fundamentals, and reinforcing India’s position as supported by sustained policy reforms, infrastructure one of the world’s fastest-growing major economies. investments and initiatives to strengthen domestic A resilient financial sector, improving industrial manufacturing. Government programmes such as activity, and continued structural reforms are Make in India, Atmanirbhar Bharat, the Production expected to support sustainable economic growth Linked Incentive (PLI) Schemes, and the National in the medium term. Manufacturing Mission are fostering industrial AnnuAl RepoRt 2025 - 26 development, enhancing competitiveness and Bangalore, has registered a production of Watches encouraging investments across strategic sectors. of Rs. 10.17 Crores and registered sales of Rs. 17.04 Continued growth in industries such as defence, Crore during the year 2025-26 as against Rs. 9.05 railways, electronics, automobiles, renewable Crore and Rs. 14.83 Crore during the previous year. energy and capital goods is expected to generate The total turnover of the Company for the year increased demand for advanced manufacturing 2025-26 stands at Rs.25.96 Crore as against Rs. technologies and engineering products. 26.17 Crore during 2024-25. The Profit Before Tax Services during the year 2025-26 is Rs. 18.38 Crore as against Rs.18.94 Crore in the previous year. The services sector remained the largest contributor to the Indian economy, driven by sustained growth in HMT Limited along with its Subsidiaries achieved an information technology, financial services, logistics, aggregate production of Rs.94.58 Crore. Revenue healthcare, tourism and digital services. Increasing from the operations reported Rs.142.65 Crore, 0.24 digital adoption, expanding financial inclusion % growth for the year 2025-26 against Rs. 1 [Showing first 8,000 characters — download PDF for full document]