Annual Report for the Financial Year 2025-26.

METAL COATINGS (INDIA) LTD. @ e r) Regd. Office: 912, Hemkunt Chambers, 89, Nehru Place, New Delhi - 110 019 (India) c_ CIN: L74899DL1994PLC063387 Phone: 011-41808125 ets 1200m] Website: www.mcil.net E-mail: info@mcilindia.net NISDSOCVERTLIRE2D 0COtMPRSNY Date: 24t July, 2026 BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai- 400 001 Ref.: Scrip Code —531810; Scrip Id - METALCO; ISIN No. INE161E01014 Sub.: Annual Report for the Financial Year 2025-26. Dear Sir/Madam, Pursuant to the Regulation 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith a copy of Annual Report for the Financial Year 2025-26 which is being sent only through electronic mode to the Members of the Company, who have registered their e-mail addresses with the Company’s Registrar and Transfer Agent (RTA)/ Depository Participants (DPs). The 32°¢ Annual General Meeting (“AGM”) of the Company is scheduled to be held on Thursday, 20" August, 2026 at 12:30 P.M. IST through video conferencing (“VC”) / other audio-visual means (“OAVM”). Further, in compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company is also sending a letter to the Members whose e-mail addresses are not registered with Company’s RTA/DPs providing the weblink from where the Annual Report for the FY 2025-26 can be accessed on the website of the Company. The said Annual Report containing the Notice for convening the 32* Annual General Meeting for the Financial Year 2025-26 is also uploaded on the Company's website at www.mcil.net. You are requested to kindly take the above information on your records. Thanking you. Yours faithfully, For Metal Coatings (India) Limited Shimpy Goyal Company Secretary & Compliance Officer Encl: As above BOARD OF DIRECTORS KEY MANAGERIAL PERSONNEL Ramesh Chander Khandelwal Pramod Khandelwal Chairman & Whole Time Director Managing Director Rupali Aggarwal Sachin Khurana Aanchal Gupta Non-Executive Non-Executive Non-Executive Independent Director Independent Director Independent Director Ram Awtar Sharma Shimpy Goyal Chief Financial Officer Company Secretary & Compliance Officer CORPORATE INFORMATION REGISTERED OFFICE 912, Hemkunt Chambers, 89, Nehru WORKS Place, New Delhi -110 019 Plot No. -113, HSIIDC Phone No.: 011-41808125 Industrial Estate, Sector – 59, Faridabad – 121 Email Id: info@mcilindia.net 004,Haryana Website: www.mcil.net REGISTRAR AND SHARE TRANSFER AGENT M/s. MUFG Intime India Private Ltd. (formerly known as Link Intime India Private Ltd.) Noble Heights, 1st Floor, NH-2 C-1 Block LSC, Near Savitri Market, Janakpuri New Delhi - 110058 Phone No.: 011- 49411000, Telefax: 011-41410591 E-mail: investor.helpdesk@in.mpms.mufg.com STATUTORY AUDITORS SECRETARIAL AUDITOR M/sMehraGoel&COLLP M/s CPA & Co. (formerly known as Mehra Goel & Co.) Company Secretaries CharteredAccountants Global Business Square Building Unit No. 309, 3rdFloor, Chiranjiv Tower, No-32, Sector-44 Institutional Area, 43, Nehru Place, New Delhi-110019 Gurugram,Haryana122002 BANKERS COST AUDITOR The Hongkong and Shanghai Banking Mr. Ramawatar Sunar Corporation Ltd. Cost Accountant 25, Barakhamba Road, New Delhi- A-3/105 2ndFloor, Sector 8, Rohini, 110001 New Delhi –110085 Content Management Discussion & Corporate Governance Report……………......................................-39 Independent Auditor’s Report….-75 Statement of Profit & Loss……….. -88 Statement of Changes in Equity…-89 Cash Flow Statement………………..-90 Significant Accounting Policies …-91 Notes to Financial Statement …... -97 BOARD OF DIRECTOR’S REPORT The Members, Your Directors take pleasure in presenting to you their 32nd (Thirty-Second) Annual Report of Metal Coatings (India) Limited (“the Company” or “MCIL”), together with the Audited Financial Statements for the financial year (“FY”) ended March 31, 2026. The Report provides an overview of the Company's performance and year under review. FINANCIAL RESULTS: The Audited Financial Statements of the Company for the financial year ended March 31, 2026 have been prepared in compliance with the applicable Indian Accounting Standards (“Ind AS”), the provisions of the Companies Act, 2013 (“the Act”), and Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”). A summary of the financial results of the Company during the financial year under review is presented below: (Rs. in Lakhs) Particulars For the year ended 31st For the year ended 31st March, 2026 March, 2025 (2025-26) (2024-25) Revenue from Operations 14,897.55 16,025.02 Other income 83.84 74.78 Total income 14,981.39 16,099.80 Operating Expenditure 14,604.46 15,494.06 Depreciation and amortization 56.83 60.55 expense Finance Cost 1.41 237.41 Total Expenditure 14,662.70 15,792.02 Profit / loss before Tax Expense 318.69 307.78 Less: Current tax 91.33 104.70 Deferred Tax (12.61) (33.88) Profit for the year 239.97 236.96 Other Comprehensive Income / 13.34 16.65 (loss) Total Comprehensive Income 253.31 253.61 for the year Opening balance of retained 3,316.39 3,062.78 earnings Closing balance of 3,496.43 3,316.39 retained earnings REVIEW OF FINANCIAL PERFORMANCE AND STATE OF COMPANY’S AFFAIRS During the financial year under review, the Company recorded revenue from operations of Rs. 14,897.55 Lakhs as compared to Rs. 16,025.02 Lakhs in the previous financial year. The decline in revenue during the year was primarily attributable to relatively challenging market conditions prevailing in the steel industry, including increased competition, volatility in raw material and steel prices, pressure on margins, and subdued demand from certain end-user sectors. The industry also witnessed fluctuations in domestic and global market dynamics, which impacted overall sales volumes during the year. In addition, the ongoing conflict in Iran and the Middle East caused problems in global energy supply, higher freight and shipping costs, and changes in international raw material prices during the year. This also disturbed the movement of steel and raw materials across global markets, adding further uncertainty to the industry. Although the Company mainly operates in the domestic market, these global issues still had an effect on overall demand within the domestic steel industry, which impacted sales and turnover during the year. Despite these challenges, the Company continued to focus on maintaining customer relationships, operational efficiency and market presence. Further, the Company reported profit before tax of Rs. 239.97 Lakhs for the financial year ended March 31, 2026, as against Rs. 236.96 Lakhs in the previous year, reflecting a marginal growth in profitability. The improvement in profit was supported by effective cost optimization measures, improved operational efficiencies, and focused resource management initiatives undertaken by the Company. The Company continued to focus on strengthening its operational capabilities, maintaining product quality standards, and enhancing customer relationships to sustain its market position. TRANSFER TO RESERVES The Board of Directors does not propose to transfer any amount to the General Reserve for the financial year ended March 31, 2026. After accounting for all appropriations and adjustments, the balance of Retained Earnings of the Company as at March 31, 2026 stood at Rs. 3,496.43 Lakhs. DIVIDEND The Board of Directors of your company at its meeting held on May 27, 2026 has recommended a Final Dividend of 10%, i.e., Rs. 1 (Rupees One) per equity share having a face value of Rs. 10/- (Rupees Ten) each, for the financial year ended March 31, 2026, subject to the approval of the shareholders at the ensuing 32nd Annual General Meeting (“32nd AGM”) of the Company. The dividend on equity Shares is subject to the approval of the Shareholders at the Annual General Meeting (‘AGM’) scheduled to [Showing first 8,000 characters — download PDF for full document]