51st Annual Report of the Financial Year 2025-2026

JYOTI STRUCTURES LIMITED Corporate Office: Valecha Chambers 6th Floor, New Link Road Oshiwara Andheri (West) Mumbai -400053 Corporate Identity No: L45200MH1974PLC017494 .Ref: JSL/HO/CS/GEN/26-27/30 Date: 22.07.2026 BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeeboy Towers, Exchange Plaza, 5th Floor, Dalal Street, Fort, Plot No. C/1, G Block, Mumbai 400 001. Bandra Kurla Complex, Bandra (East), Mumbai 400 051. BSE Scrip Code: 513250 NSE Scrip Symbol: JYOTISTRUC Sub: 51st Annual Report of the Company for the financial year 2025-2026 Dear Sir/Madam, Pursuant to Regulation 34(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith copy of 51st Annual Report of the Company for the financial year 2025-2026 as circulated to the shareholders through electronic mode today. The said 51st Annual report is placed on the Company’s website i.e. https://jyotistructures.in/annual-reports Please acknowledge the receipt and update the records. Thanking You. Yours Faithfully, For Jyoti Structures Limited Sonali K. Gaikwad Company Secretary FCS 13908 Nashik Factory: 52A/53A, D.Road, Satpur Industrial Complex, Nashik - 422007, Maharashtra, India Raipur Factory: 1037/1046, Sarora Ring Road, Urla Industrial Complex, Raipur - 493221, Chhattisgarh, India| Testing Station & R&D Center: Ubhade Shivar, Village - Deole, Ghoti - Bhandardara Road, Taluka - Igatpuri, Dist. - Nasik 422402| Tel.: (01-22)-4091-5000 | Website: www.jyotistructures.in FINANCIAL HIGHLIGHTS Rs. In Crores 2025-26 2024-25 2023-24 2022-23 SALES & EARNINGS : Gross Sales & Other Income 772 505 463 231 EBIDTA 70 44 28 2 EBIDTA Margin (In %) 9.1% 8.8% 6.1% 0.7% Profit before Taxes 55 36 20 (4) Profit after Taxes 56 36 29 (4) ASSETS : Non-Current Assets 84 55 45 43 Total Assets 2,913 2,997 2,341 2,285 EQUITY & LIABILITIES : Share Capital 239 238 146 127 Other Equity 261 349 (139) (70) Total Liabilities 2,913 2,997 2,341 2,285 Net Worth 499 587 7 57 EARNING PER SHARE : EPS - Basic (In Rs.) 0.4703 0.4062 0.4205 (0.0639) EPS - Diluted (In Rs.) 0.4698 0.3959 0.4031 (0.0639) Profit After Tax (PAT) (Rs. In Crore) FY 22-23 FY 23-24 FY 24-25 FY 25-26 BOARD OF DIRECTORS 51st ANNUAL GENERAL MEETING Day : Thursday 1. Dr. Rajendra Prasad Singh Independent (Non-Executive) Director Date : August 13, 2026 (Deceased on July 17, 2026) Time : 10.00 AM through Video Conferencing 2. Dr. Govind Prasad Saha Independent (Non-Executive) Director 3. Mrs. Monica Akhil Chaturvedi Independent (Non-executive) Director 4. Mr. Rajeev B. Batra Independent (Non-executive) Director CONTENTS 5. Mr. Abhinav Rishi Angirish Non-Executive Nominee Director Page No. 6. Mr. Abdul Hameed Khan Directors’ Report 12 Whole Time Director CHIEF EXECUTIVE OFFICER (CEO) Corporate Governance Report 34 Mr. Rajesh Kumar Singh (Resigned w.e.f. May 29, 2026) Management Discussions and Analysis 50 CHIEF FINANCIAL OFFICER (CFO) Auditors’ Report 75 Mr. Abdul Hameed Khan, FCA Balance Sheet 86 COMPANY SECRETARY & COMPLIANCE OFFICER Statement of Profit and Loss 87 Ms. Sonali K. Gaikwad, FCS, LLB Changes in Equity 88 STATUTORY AUDITORS Cash Flow Statement 89 M/s SARC & Associates, Chartered Accountants BANKERS Notes to Financial Statements 91 State Bank of India Statement relating to subsidiary, joint venture 128 Asset Care and Reconstruction Enterprises Ltd (ACRE) (DBS Bank) and associate companies in Form AOC 1 Bank of India Canara Bank Consolidated Financial Statements 129 Bank of Baroda ICICI Bank Notice 180 IDBI Bank Indian Bank Phoenix ARC (South Indian Bank ) Standard Chartered Bank Union Bank of India REGISTERED OFFICE REGISTRARS & SHARE TRANSFER AGENTS Valecha Chambers, 6th Floor, New Link Road, Big Share Services Private Limited A ndheri (West), Mumbai-400 053 Office No S6-2, 6th Floor, Pinnacle Business Park, Maharashtra State, India Next to Ahura Centre, Mahakali Caves Road, Tel.: +91 3515 5000 Andheri (East) Mumbai – 400093. Email :investor@jsl.co.in Tel: +91 22 62638200 | Fax: +91 22 62638299 Website: www.jyotistructures.in Email:info@bigshareonline.com Annual Report 2025-26 1 Annual Report 2025-26 3 LEADERSHIP PERSPECTIVE Message from Whole-Time Director and Chief Financial Officer Respected Chairman, Esteemed Members of the Board, Distinguished Shareholders, Ladies and Gentlemen, It is my privilege to present the financial performance of the Company for the financial year 2025-26. I am pleased to report that the Company has delivered another year of strong growth, reflecting the commitment of our employees, the confidence of our customers, and the unwavering support of our shareholders. During the year, our revenue from operations increased significantly to ₹772 crore, compared to ₹505 crore in the previous year, representing a growth of over 53%. This remarkable increase demonstrates our improved execution capabilities and strong project delivery. Our operational performance also witnessed substantial improvement. EBITDA increased to ₹70 crore from ₹44 crore in the previous year, reflecting enhanced operational efficiency, better cost management, and improved project execution. Further, the Company reported a Profit Before Tax (PBT) of ₹55 crore, compared to ₹36 crore in the previous year. This consistent improvement across all key financial parameters is a testament to the Company’s disciplined financial management and operational excellence. Our strong performance has been supported by a healthy and robust order book, providing excellent revenue visibility and positioning the Company for sustainable future growth. We continue to focus on quality execution, timely delivery, prudent risk management, and maintaining financial discipline across all our operations. One of the key milestones during the year has been the successful restart of tower manufacturing Plant-2, with an additional annual manufacturing capacity of approximately 35,000 metric tonnes. This strategic development significantly strengthens our manufacturing capabilities, enhances backward integration, and enables us to execute larger and more complex EPC projects efficiently while improving cost competitiveness. Our greatest strength continues to be our people. We have built a highly experienced and qualified leadership team across all functions, including engineering, project execution, finance, commercial, procurement, manufacturing, contracts, legal, and quality. Their dedication, expertise, and collaborative approach have played a pivotal role in the Company’s continued progress. The EPC industry presents significant opportunities, driven by increased investments in power transmission, renewable energy, infrastructure development, and grid modernization. With our strong execution capabilities, improved financial position, enhanced manufacturing capacity, and healthy order pipeline, we are well-positioned to capitalize on these opportunities. I would like to express my sincere gratitude to our valued customers, bankers, financial institutions, suppliers, business partners, government authorities, and all our shareholders for their continued trust and support. I also extend my heartfelt appreciation to every member of our team whose dedication and hard work have made these achievements possible. Thank you once again for your continued confidence and support. Mr. Abdul Hameed Khan Whole-Time Director and Chief Financial Officer Jyoti Structures Limited Annual Report 2025-26 5 JYOTI STRUCTURES LIMITED 51 Years of Legacy - A New Chapter of Growth Nashik Plant-2 Commissioned – Expanding Capacity, Enhancing • Strengthened support for Government utilities and private- Capability, Enabling Growth sector infrastructure projects Nashik Plant-2 was established by Jyoti Structures Limited to 5. Sustainability and ESG Initiatives strengthen its in-house manufacturing capabilities for transmission Jyoti Structures operates under internationally recognized line towers, substation structures, and galvanization operatio [Showing first 8,000 characters — download PDF for full document]