Shareholders meeting

AEL/NSE/2026-27/14 Date: July 22, 2026 National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E}, Mumbai – 400051. Kind Attention: Head – Listing Symbol: AARVI Sub: Notice of the 38th Annual General Meeting of the Members of the Company and the Annual Report for the FY 2025 – 26 Dear Sir/Madam, This is to inform that 38th Annual General Meeting (AGM) of the Company will be held on Friday, August 14, 2026 at 11.00 A.M (IST) through Video Conferencing (“VC”)/ Other Audio-Visual Means (“OAVM”), in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. Notice convening the Forty-ninth Annual General Meeting (Post-IPO) (“Notice”) and Annual Report of the Company, for the financial year 2025-26, are being sent through electronic mode to all the members and debenture holders whose e-mail address is registered with the Company / Registrar and Transfer Agent / Depository Participants / Depositories. Notice and Annual Report are attached and the same are also available on the Company’s website at: Notice https://aarviencon.com/storage/app/uploads/public/6a6/08f/56c/6a608f56c049647931555 0.pdf Further, pursuant to Regulation 36(1)(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, a letter providing the web-link of the Annual Report, being sent to those members who have not registered their e-mail address. This is for your information and dissemination purpose to all the concerned. Thanking You, Yours Faithfully, For Aarvi Encon Limited Leela Bisht Company Secretary & Compliance Officer Membership No.: A59748 Encl: As above Aarvi Encon Limited Annual Report 2025-26 Aarvi Encon Limited Annual Report Engineering Manpower Outsourcing 2025-26 Talent on Demand ISO 9001:2015 ISO 45001:2018 ISO 14001:2015 Website : www.aarviencon.com Our Strengths Our Philosophy  30+ Years of Proven Expertise “Right Talent. Right Time. Real Results.”  Skilled Talent Pool Across Domains We believe in strategic problem-solving, on-time delivery, and continuous  Pan-India & Global Presence innovation, helping our clients stay  Flexible & Scalable Workforce Solutions competitive and future-ready.  Strong Client Partnerships with Leading Corporates Vision Mission Be a global company To serve our Customer providing excellent with specialized expertise sustainable innovative while maintaining solutions admired by all the highest ethics and stakeholders. standards. By adhering to our vision and mission, we continue to expand and provide exceptional services, ensuring that our clients receive the most reliable and skilled professionals for their specialized needs. CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS ABOUT AARVI ENCON LIMITED For nearly four decades, Aarvi Encon Limited has been at the forefront of delivering engineering support and technical workforce solutions to India’s core industrial sectors. Incorporated in 1987 and headquartered in Mumbai, the Company has evolved into one of the country’s most trusted engineering manpower service providers. Listed on the National Stock Exchange of India Limited (NSE), Aarvi Encon has established a strong domestic presence while steadily expanding its footprint across the Middle East and Southeast Asia. With a deployed workforce of over 8,000 skilled professionals, the Company plays a pivotal role in supporting the successful execution of large-scale industrial and infrastructure projects. Aarvi Encon offers a comprehensive portfolio of services, including technical manpower outsourcing, engineering support, operations and maintenance (O&M), pre-commissioning and commissioning assistance, project management support, procurement assistance, inspection services, and permanent recruitment solutions. The Company provides customised workforce solutions that enable clients to execute projects efficiently, safely, and within prescribed timelines. Over the years, the Company has developed deep domain expertise across a diverse range of industries, including Oil & Gas, Refineries, Petrochemicals, LNG, LPG, Power, Renewable Energy (Solar and Wind), Pipelines, Infrastructure, Metals & Minerals, Fertilisers, Chemicals, Railways, Metro, Ports & Terminals, Manufacturing, and other process industries. Its ability to deploy qualified engineering professionals across every phase of a project’s lifecycle has made Aarvi Encon a preferred partner for leading public sector undertakings, multinational corporations, EPC contractors, and private enterprises. Quality, environmental responsibility, occupational health and safety, and regulatory compliance are integral to the Company’s business philosophy. Aarvi Encon operates under internationally recognised management systems and is certified to ISO 9001:2015 for Quality Management Systems, ISO 14001:2015 for Environmental Management Systems, and ISO 45001:2018 for Occupational Health and Safety Management Systems. These certifications reflect the Company’s commitment to delivering quality services while promoting sustainable and safe business practices. The Company continues to strengthen its international presence through its subsidiaries and business operations in the United Arab Emirates, Oman, Qatar, Saudi Arabia, Indonesia, and Malaysia. Backed by India’s accelerating infrastructure development and increasing investments in energy, manufacturing, and industrial projects worldwide, Aarvi Encon is well positioned to capture emerging growth opportunities in both domestic and international markets. Aarvi Encon has built enduring relationships with several renowned organisations, including Reliance Industries Limited, Larsen & Toubro Limited, Hindustan Petroleum Corporation Limited (HPCL), Chennai Petroleum Corporation Limited (CPCL), and numerous other leading EPC companies and industrial enterprises. These long-standing partnerships are a testament to the Company’s technical expertise, execution capabilities, and unwavering commitment to customer satisfaction. Guided by strong corporate values, experienced leadership, and a customer-centric approach, Aarvi Encon Limited remains committed to delivering reliable engineering and workforce solutions while creating sustainable value for its customers, employees, shareholders, and the communities it serves. Annual Report 2025-26 | 1 AARVI ENCON LIMITED Index CORPORATE OVERVIEW Board of Directors and Committees 03 Board of Directors 04 Message from Managing Director 05 Message from the Executive Director & CFO 07 Corporate Snapshots 09 STATUTORY REPORTS Notice of 38th Annual General Meeting 15 Directors’ Report 25 Report on Corporate Social Responsibility 44 Report on Corporate Governance 46 Management Discussion and Analysis Report 68 CONSOLIDATED FINANCIAL STATEMENT Auditors Report 77 Balance sheet 84 Statement of Profit and Loss 85 Statement of Changes in Equity 86 Cash Flow Statement 87 Notes to the Financial Statements 88 STANDALONE FINANCIAL STATEMENT Auditors Report 126 Balance sheet 136 Statement of Profit and Loss 137 Statement of Changes in Equity 138 Cash Flow Statement 139 Notes to the Financial Statements 140 2 | Annual Report 2025-26 CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS Board of Directors and Committees BOARD OF DIRECTORS BOARD COMMITTEES Mr. Virendra D. Sanghavi AUDIT COMMITTEE Managing Director Mr. Devendra J. Shrimanker - Chairman Mrs. Sonal N. Doshi – Member Mr. Jaydev V. Sanghavi Mr. Jaydev V. Sanghavi – Member Executive Director and CFO Mr. Ramachandran Ramamoorthy – Member Dr. Padma Deverajan - Member (Upto January 31, 2026) Mr. Devendra J. Shrimanker Mr. Jagat S. Parikh- Member (Appointed w.e.f. April 22, 2026) Independent Director Mrs. Sonal N. Doshi NOMINATION AND Independent Director REMUNERATION COMMITTEE Mr. Devendra J. Shrimanker - Chairman Mr. Ramachandran Ramamoorthy Mrs. Sonal N. Doshi – Member Independent Directo [Showing first 8,000 characters — download PDF for full document]