In terms of Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Annual Report 2025-26 and Notice of the 32nd ....

Date: 22nd July 2026 To, To, The Listing Manager The Manager Department of Corporate Services Listing Department Bombay Stock Exchange National Stock Exchange of India Limited P. J. Towers, Dalal Street, “Exchange Plaza”-C1,Block G Mumbai – 400001 Bandra-Kurla Complex , Bandra (E) Mumbai 400 051 Scrip Code:532841 SYMBOL: SAHYADRI Subject: Submission of Annual Report 2025-26 and Notice of the 32nd Annual General Meeting of the Company. Dear Sir/Madam, In terms of Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Annual Report 2025-26 and Notice of the 32nd Annual General Meeting (AGM) of the Company. The Annual Report along with the Notice of AGM is available on the Company’s website at www.silworld.in and can also be downloaded from the Link at ANNUAL REPORT 2025-26. We request you to take the same on your record. Thanking You, Yours faithfully, FOR SAHYADRI INDUSTRIES LIMITED RAJIB KUMAR GOPE Company Secretary and Compliance Officer M.NO: F8417 SR. NO. CONTENT PAGE NO. 1. Corporate Information 2 2. Financial Performance at a Glance 3 3. Report of Board of Directors • Board’s Report 4 - 12 • Declaration by MD, CEO & CFO 13 • Compliance Certificate by MD, CEO & CFO 14 • Annual CSR Report 15 - 18 • Secretarial Audit Report 19 - 21 • Disclosure of Remuneration and other details 22 • Conservation of Energy and others 23 • AOC-2 (Related Party Transaction) 24 • Management Discussion and Analysis Report 25 - 28 4. Corporate Governance • Corporate Governance Report 29 - 43 • Independent Auditor’s Certificate 44 - 45 • Certificate of Non-Disqualification of Directors 46 5. The Financials • Independent Auditor’s Report 47 - 59 • Balance Sheet 60 • Statement of Profit and Loss 61 • Statement of Cash Flows 62 - 63 • Statement of Changes in Equity 64 • Notes forming part of Financial Statements 65 - 110 6. Notice of Annual General Meeting • Notice of AGM 111 - 124 32nd Annual Report 2025-26 CORPORATE INFORMATION BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL Mr. Jayesh P. Patel Chairman and Whole Time Director Mr. Satyen V. Patel Managing Director Mr. Tuljaram R. Maheshwari CEO, CFO and Whole Time Director Mr. Suresh U. Joshi Whole Time Director Mr. Ankem Sri Prasad Mohan Independent Director Mrs. Moushmi Shaha Independent Woman Director Adv. Shrikant B. Malegaonkar Independent Director Mr. Ved Prakash Saxena Independent Director Mr. Rajib Kumar Gope Company Secretary and Compliance Officer AUDITORS OF THE COMPANY STATUTORY AUDITOR SECRETARIAL AUDITOR M/s.Joshi Apte & Co. M/s. Mehta & Mehta Chartered Accountants Company Secretaries Pune Pune ADDRESSES REGD OFFICE OF COMPANY REGISTRAR AND TRANSFER AGENT Sahyadri Industries Limited MUFG Intime India Private Limited CIN: L26956PN1994PLC078941 C 101, 247 Park, L B S Marg, Vikhroli 39/D, Gultekdi, J. N. Marg, Pune-411037 West, Mumbai 400083 Email ID: info@silworld.in Email:investor.helpdesk@in.mpms.mufg.com Tel No.020-26444625/26/27 Phone: 022-49186270, Fax: 022-49186060 Website: www.silworld.in Website: in.mpms.mufg.com BANKERS OF THE COMPANY v HDFC Bank Limited v ICICI Bank Limited v The Cosmos Co-operative Bank Limited v YES Bank Limited GENERAL INFORMATION General Information a) Nature of Industry The Company is mainly engaged in the business of manufacture and sale of fibre cement Corrugated Sheets, Boards. The Company is also manufacturing non-asbestos Cement Boards and products for different applications of non-asbestos Boards. The Company is operating Windmills in Maharashtra and Rajasthan. b) Date or Expected date of The Company is an existing company and is in operation since 1994. commencement of commercial production c) In case of new company, expected Not applicable as the Company is an existing company. date of commencement of activity as per project approved by the financial institution appearing in the prospectus FINANCIALS AT A GLANCE (Rs. in Crores) PARTICULARS MARCH MARCH MARCH MARCH MARCH 31, 2026 31, 2025 31, 2024 31, 2023 31, 2022 Sales & Other Income 684.87 608.79 638.43 597.22 546.34 Profit Before Tax 38.73 26.18 35.30 51.59 84.64 Provision for Tax 9.73 6.72 8.93 14.48 22.82 Profit After Tax 29.00 19.46 26.37 37.11 61.82 Balance of Profit brought forward from previous Year 347.41 329.14 304.44 273.20 217.40 Remeasurement gain/(loss) of net defined benefit plans (net of (0.10) (0.10) (0.04) 0.15 0.20 tax effect) Profit Available for Appropriation 376.31 348.5 330.78 310.46 279.41 Dividend Paid 1.09 1.09 1.64 6.02 6.21 Transfer to General Reserve - - - - - Profit Carried to Balance-Sheet 375.21 347.41 329.14 304.44 273.20 GREEN ENVIRONMENT !!! - PAPERLESS ENVIRONMENT !!! - CLEAN ENVIRONMENT !!! Ministry of Corporate Affairs (MCA) has vide its Circular dated May 5, 2020 read with Circulars dated April 8, 2020 and April 13, 2020, September 28, 2020 and December 31 2020, May 05, 2022 and December 28, 2022 and September 25, 2023, the latest being No. 03/2025 dated September 22, 2025 (“MCA Circulars”) including any statutory modification or re-enactment thereof for the time being in force and Circulars issued by the Securities and Exchange Board of India (‘SEBI Circulars’) for the time being in force, permitted the holding of the AGM through VC / OAVM, without the physical presence of the Members at a common venue. In compliance with the MCA Circulars and the relevant provisions of the Companies Act, 2013 (“the Act”) and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), the AGM of the Company will be held through VC / OAVM. Further the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI) has permitted the Companies to serve the documents viz. Annual Reports, Notice of General Meetings / Postal Ballot, any other Shareholders Communication etc. to the members through the electronic mode. Your Company, also prefers to preserve and protect the environment and take every opportunity to reduce and conserve resources and minimize waste. To support this Green Initiative, you are requested to: a) Register your email address to attend the Annual General Meeting and ensure prompt receipt of Communication and avoid any loss during postal transit. b) Convert your shares held in physical mode into dematerialized mode to ensure safe and speedy transaction in securities. c) Register your NECS facility (National Electronic Clearing System) for crediting your Dividend directly to your Bank Account. d) Register / update your email address with the Company / RTA by writing to the Company at cs@silworld.in or to the RTA at Investor.helpdesk@in.mpms.mufg.com, in case of Members holding shares in physical mode. 32nd Annual Report 2025-26 REPORT BOARD OF DIRECTORS BOARD’S REPORT Dear Shareholders, The Directors of your company take pleasure in presenting the Thirty-second Annual Report on the business and operations of the company together with financial statements for the financial year ended March 31, 2026. 1. Financial Results & Appropriations: a) Financial Results (Rs. in Crores) Particulars March 31, 2026 March 31, 2025 Revenue from Operations 678.73 605.22 Other Income 6.14 3.57 Total Income 684.87 608.79 Profit before finance cost, depreciation, exceptional items and extraordinary expenses (EBITDA) 67.22 58.03 Depreciation and amortization (24.52) (24.83) Finance cost (3.33) (7.02) Exceptional Items- Income / (Expenses) (0.64) - PROFIT BEFORE TAX 38.73 26.18 Current tax expense (11.69) (7.80) Deferred tax 1.96 1.08 NET PROFIT FOR THE YEAR 29.00 19.46 Profit attributable to Non-controlling interest - - Profit attributable to owners of the Company Profit brought forward from last year - - Re-measurements of defined benefit plans, net of tax (0.10) (0.10) Transfer to Debenture Redemption Reserve (DRR) - - On Account of Capital Reduction - - Balance carried forward in Balance Sheet 28.90 19.36 b) Company’s Performance Your Company reported resilien [Showing first 8,000 characters — download PDF for full document]