Annual Report for the Financial Year 2025-26

June 22, 2026 BSE Limited, Corporate Relationship Department Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001 Scrip Code: 530145 Subject: Annual Report for the Financial Year 2025-26 Dear Sir/Madam, Pursuant to the provisions of Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a copy of the Annual Report of the Company for the financial year 2025-26 which is being sent through E-mail to members of the Company whose E-mail IDs are registered with Company/Registrar and Transfer Agent/ Depository Participants. Further, in accordance with Regulation 36 (1) (b) of Listing Regulations, a letter containing the web-link and path for accessing the Annual Report for FY 2025-26 is being sent to members who have not registered their E-mail IDs with Company/Registrar and Transfer Agent/ Depository Participants. The same is also available on the Company’s website i.e., www.kisangroup.com. You are requested to take the above information on records. Thanking you, Yours sincerely For Kisan Mouldings Limited Ranveer Kumar Company Secretary & Compliance Officer Encl.: as above A N N U A L R E P O R T 2 0 2 5 - 2 6 KISAN MOULDINGS LIMITED CORPORATE STATUTORY FINANCIAL NOTICE OVERVIEW REPORTS STATEMENTS Contents 1. CORPORATE OVERVIEW 1. CORPORATE INFORMATION 04 2. PRODUCT SEGMENTS 05 2. STATUTORY REPORTS 1. DIRECTORS’ REPORT 08 2. MANAGEMENT DISCUSSION & ANALYSIS 25 3. REPORT ON CORPORATE GOVERNANCE 31 4. CERTIFICATES 57 3. FINANCIAL STATEMENTS 1. INDEPENDENT AUDITOR’S REPORT ON STANDALONE FINANCIAL STATEMENTS 61 2. STANDALONE FINANCIAL STATEMENTS 71 3. INDEPENDENT AUDITOR’S REPORT ON CONSOLIDATED FINANCIAL STATEMENTS 121 4. CONSOLIDATED FINANCIAL STATEMENTS 127 4. NOTICE 1. NOTICE OF ANNUAL GENERAL MEETING 180 2. EXPLANATORY STATEMENTS 192 3. ANNEXURE A 202 Date: Friday, 17th July, 2026 Friday Tuesday, Thursday, Time: 11.00 A.M. IST 10th July, 2026 14th July, 2026 16th July, 2026 (9:00 A.M. IST) (5:00 P.M. IST) Forward looking statement In this Annual Report, we have disclosed forward-looking information to enable Stake Holders to comprehend our prospects and take Relative decisions. This report and other statements - written and oral - that we periodically make, contain forward-looking statements that set out anticipated results based on the management’s plans and assumptions. We have tried wherever possible to identify such statements by using words such as ‘anticipate’, ‘estimate’, ‘expects’, ‘projects’, ‘intends’, ‘plans’, ‘believes’, and words of similar substance in connection with any discussion of future performance. We cannot guarantee that these forward-looking statements will be realised, although we believe we have been prudent in assumptions. The achievements of results are subject to risks, uncertainties and even inaccurate assumptions. Should known or unknown risks or uncertainties materialise, or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated, or projected. Readers should keep this in mind. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. CORPORATE STATUTORY FINANCIAL NOTICE OVERVIEW REPORTS STATEMENTS Corporate Overview 37th ANNUAL REPORT 2025-26 3 CORPORATE STATUTORY FINANCIAL NOTICE OVERVIEW REPORTS STATEMENTS Corporate Information BOARD OF DIRECTORS EXECUTIVE DIRECTORS CHIEF FINANCIAL OFFICER • Mr. Sanjeev Aggarwal - Chairman & Managing Director Mr. Suresh Purohit – Chief Financial Ocer (DIN: 00064076) (Resigned w.e.f. May 05, 2026) COMPANY SECRETARY AND COMPLIANCE OFFICER • Mr. Rishav Aggarwal - Whole-time Director Mr. Ranveer Kumar (DIN: 05155607) (Appointed w.e.f. May 05, 2026) Ms. Falak Mody – Company Secretary NON EXECUTIVE DIRECTORS (From August 04, 2025 till April 30, 2026) • Mr. Arun Agarwal – Non Executive & Non Independent Mr. Vijay Joshi - Company Secretary Director (DIN: 10067312) (Resigned w.e.f. July 25, 2025) • Mr. Ajay Kumar Jain - Non Executive & Non Independent Director (DIN: 01052886) • Mr. Sunil Agarwal - Independent Director STATUTORY AUDITOR (DIN: 10068195) M/s. AKGVG & Associates, (Resigned w.e.f. May 05, 2026) Chartered Accountants • Mr. Hosdurg Sundar Upendra Kamath - (Appointed w.e.f. May 07, 2026) • Independent Director E-1, 2nd Floor, Prashant Vihar (DIN: 02648119) North west, Delhi – 110085 • Mr. Abhilash Lal - Independent Director (DIN: 03203177) M/s. Sen & Ray, • Mrs. Asha Anil Agarwal - Independent Director Chartered Accountants (DIN: 09722160) (Resigned w.e.f. May 06, 2026) LISTING 332,V Mall, Near Sai Dham Temple, Thakur Complex, BSE Limited Kandivali (E), Mumbai-400101 REGISTERED OFFICE SECRETARIAL AUDITOR Kisan Mouldings Limited M/s. Nidhi Bajaj & Associates 26 ‘A’, 3rd Floor, K-wing, “Tex Centre”, Company Secretaries Chandivali, O Saki Vihar Road, Andheri (East), Mumbai – 400 072. India. A/401, Kailash Mansarovar, AMRITVANI Lane, Near Tel: 42009100/9200, Maxus Mall, Bhayander(West), Thane-401101 Email ID: cs.kisan@kisangroup.com Website: www.kisangroup.com BANKERS HDFC Bank Limited CORPORATE IDENTIFICATION NUMBER ICICI Bank Limited L17120MH1989PLC054305 Punjab National Bank Union Bank Of India REGISTRAR AND SHARE TRANSFER AGENT MUFG Intime India Private Limited C-101, 247 Park, LBS Marg, Vikhroli West, PLANT LOCATIONS Mumbai - 400083 Survey No. 64/1, 63/1, 70, 71, 72, 74/1/1 Village- Tel. No.: 022 – 4918 6270/6000, Mahagaon, Taluka-Palghar, Boisar, Dist, Thane Fax No. : 022-4918 6060 (Maharashtra). Email: rnt.helpdesk@in.mpms.mufg.com Survey No. 108/1/6, Surangi Road, Near Khadoli Sub Station, Silvassa – 396 230. 4 37th ANNUAL REPORT 2025-26 CORPORATE STATUTORY FINANCIAL NOTICE OVERVIEW REPORTS STATEMENTS Product Segments Kisan Mouldings Limited (KML) has built a plethora of products in the plastic piping and irrigation industry and is positioned to gain traction in the market there by bringing in with it stronger sales, higher growth, improved customer services and higher profitability. The products address the needs of various customers spanning from architects, builder, farmers and individuals. The refresh in the existing product line and the introduction of new products are uniquely placed to cater to dierent target markets. This gives KML the confidence to be aggressive in re-gaining market share. We are confident of the fact with the investments made in technical know-how and the product line will reap rich dividends over the coming years. Our Product basket consists of the following: 1. KML CLASSIC CPVC Plumbing System: The Chlorinated Polyvinyl Chloride pipe is manufactured at the plant CORPORATE which is located in Boisar, Maharashtra the usage of these products is mainly Residential, Commercial Buildings, Hotels, Educational Institutions and Swimming Pools whose application is used to distribute water Oof boVth hot aEnd colRd tempVeraturesI. ThEe prodWucts are manufactured using high quality resin and technology from Japan. The pipes are free from corrosion and work well in conditions where the soil or atmospheric conditions are at an extreme. The CPVC pipes are usually known to have longer life expectancy (50 years) in comparison to the galvanized iron pipes. 2. FREE flow UPVC plumbing pipes (ASTM): The Unplasticized Polyvinyl Chloride (UPVC) pipes are manufactured in the state-of-the-art plants based in Tarapur location. These pipes are used in multifarious application like any other CPVC product. The pipes are mainly installed for transporting drinking water without causing any changes to the water properties. The pipes manufactured by KML are chemical and corrosion resistant and are durable and stronger. The pipes are easy to install, low in maintenance and high life expectancy making it a cost eective solution for the user. 3. Soil, Waste & Rain water system (S.W.R): These pipes find their usage in drainage & sewerage applications and are [Showing first 8,000 characters — download PDF for full document]