Shareholders meeting

July 17, 2026 The Bombay Stock Exchange Ltd The National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block Dalal Street, Bandra Kurla Complex, Mumbai 400 001 Bandra East, Mumbai 400 051 Security Code:-523301 Trading Symbol:- TCPLPACK Dear Sirs, Re:- Integrated Annual Report for the Financial Year 2025-26 including the Notice convening the 38th Annual General Meeting (AGM) In terms of Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), enclosed please receive Integrated Annual Report of the Company for the Financial Year 2025-26, including the Notice of the 38th AGM of the Company to be held on Tuesday, August 11, 2026 at 4.30 p.m. (IST), through Video Conferencing / Other Audio Visual Means, in accordance, with the relevant circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India (SEBI). The Integrated Annual Report is being sent simultaneously to the Members of the Company through electronic mode to the Members of the Company whose e-mail addresses are registered with the Company / Depository Participants (DPs) and is also uploaded on the website of the Company. Further, in accordance with Regulation 36(1)(b) of the Listing Regulations, a letter providing the weblink, including the exact path to access the Integrated Annual Report for the financial year 2025-26 is being sent to those Members whose e-mail addresses are not registered. Kindly take the above information on record. Thanking You For TCPL Packaging Limited Compliance Officer Thirty Eighth Annual Report 2025-26 38th Annual Report 2025-26 Inside this Report About the Report 03 Financial Statements and Statutory 90 Reports  Introduction 04  Management Discussion and Analysis 91  TCPL at a Glance 06  Directors’ Report 94  Mission Statement 07  Standalone Financial statements 108  Leadership Team 08  Standalone Independent Auditors’ Report 148  Leadership Message 10  Consolidated Financial statements 158  Key Financial Highlights 12  Consolidated Independent Auditors’ Report 198  ESG Highlights 16  Annual Report on CSR activities 206  Strategic Highlights 17  BRSR 208  Foundation of TCPL’s Value Creation 18  Independent Assurance Statement 256  TCPL’s Presence 20  Secretarial Audit Report 258  Subsidiaries 22  Report on Corporate Governance 261  Expanding Customer Relationships 23  Notice 284  Awards and Recognition 25  Annexures to the Notice 287  Products and Solutions 26  GRI Content Index 305 Value Creation at TCPL 30  Value Creation Model 30  Natural Capital 32  Financial Capital 46  Human Capital 52  Social Capital 63  Intellectual Capital 74  Manufactured Capital 80 2 Integrated Report 2025-2026 Corporate Overview Statutory Reports Financial Statements About the Report This Integrated Annual Report presents TCPL Packaging the Company’s continued efforts to align its disclosures with Limited’s approach to creating long-term value through a evolving regulatory expectations, stakeholder priorities and balanced view of financial performance, operational progress, responsible business practices. governance practices and sustainability priorities. Covering FY 2025-26, the report brings together the Company’s strategy, Unless stated otherwise, the reporting boundary covers TCPL business model, key capitals and stakeholder outcomes in an Packaging Limited’s operations, including manufacturing integrated narrative. facilities, offices, subsidiaries and relevant business activities. Financial information is presented in accordance with applicable The report reflects how TCPL deploys and strengthens its statutory requirements, while sustainability-related disclosures capitals - Financial, Manufactured, Intellectual, Human, Social are based on internal systems, policies and applicable reporting and Relationship, and Natural Capital - to support resilience, frameworks. responsible growth and future readiness. It also demonstrates 38th Annual Report 2025-26 Introduction Established in 1987, TCPL Packaging Limited has evolved into one manufacturing depth and the ability to respond to changing of India’s leading integrated packaging companies, with a strong market requirements. As packaging continues to move towards position in paperboard packaging and an expanding presence premiumisation, convenience, functionality, recyclability and across flexible packaging and other value-added formats. From its lower-impact material choices, TCPL remains focused on early roots in folding cartons, the Company has built a diversified developing solutions that combine performance with responsibility. packaging platform that today serves leading brands across India and international markets. This evolution is supported by a broader commitment to sustainable and responsible growth. During the year, TCPL continued to TCPL manufactures a broad range of packaging and converting strengthen its work across recyclable and mono-material packaging solutions, including paperboard-based packaging materials such as structures, responsible sourcing, climate and energy transition, folding cartons, printed blanks, outers and litho-laminated cartons, circularity, workforce safety and community development. The and flexible packaging products such as printed laminates, pouches, Company’s formal alignment with the United Nations Global wrap-around labels and shrink sleeves. Its wider packaging Compact (UNGC) further reinforced its commitment to globally ecosystem also includes rigid boxes through COPPL, gravure recognised principles covering human rights, labour, environment printing and embossing cylinders through Accura Technik, and and ethical conduct. Alongside its commitment to achieve carbon recyclable films, enabling the Company to address varied customer neutrality for Scope 1 and Scope 2 emissions by 2040, these requirements with a more integrated offering. priorities reflect TCPL’s effort to embed sustainability more deeply into its business model and long-term value creation approach. The Company serves a diverse set of industries, including FMCG, food and beverages, pharmaceuticals, tobacco, e-commerce, consumer durables and electronics. Its growth has been shaped by quality-led execution, long-standing customer relationships, 4 Integrated Report 2025-2026 Corporate Overview Statutory Reports Financial Statements 38th Annual Report 2025-26 TCPL at a Glance TCPL Packaging Limited combines manufacturing scale, technical During FY 2025-26, TCPL reported consolidated revenue from capability and customer proximity to serve leading brands across operations of ₹ 1,835.59 crore and was supported by a workforce domestic and international markets. Headquartered in Mumbai, of 3,714 employees and workers. The year also reflected continued the Company operates ten state-of-the-art manufacturing progress across the Company’s value-creation platform, including facilities across India, supported by marketing offices in key the scale-up of manufacturing capabilities, advancement of metropolitan cities and an international office in the UAE. Its recyclable and mono-material packaging structures, alignment portfolio spans paperboard packaging, flexible packaging, rigid with the United Nations Global Compact (UNGC) and increased boxes, recyclable films, gravure printing cylinders and embossing community investment through the TCPL Foundation. TCPL’s cylinders, serving sectors such as FMCG, food and beverages, focus on quality, innovation and execution was also recognised pharmaceuticals, tobacco, e-commerce, consumer durables and through select industry and customer awards during the year, electronics. reinforcing its position as a trusted packaging partner. 6 Integrated Report 2025-2026 Corporate Overview Statutory Reports Financial Statements Mission Statement Maintain and acquire customers and contribute to their success To be the most admired Indian [Showing first 8,000 characters — download PDF for full document]