Laxmipati Engineering Works Limited hereby submits the Annual Report of the Company for the Financial Year 2025-26

LAXMIPATI ENGINEERING WORKS LIMITED Date: June 23, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Scrip ID/ Code/ ISIN : LAXMIPATI/ 537669/ INE920P01019 Subject : Annual Report of the company for the financial year 2025-26 Reference No. : Regulation 34(1) and of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir/Madam, Pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Annual Report of the company for the financial year 2025-26. The Annual Report containing the Notice of 15th Annual General Meeting is also uploaded on the company's website Annual Report 2025-26. Kindly take the same on your records. Thanking you, Yours Faithfully, For Laxmipati Engineering Works Limited Rakesh Govindprasad Sarawagi Director DIN: 00005665 Place: Surat Encl: As above Regd. Office: Office Block, First Floor, Plot No. 237/2 & 3, Sub Plot No. A/25, Central Park Soc. GIDC, Pandesara, Surat-394221 E-mail: cs@laxmipatiengineering.com,Website: www.laxmipatiengineering.com,Tel. No. 0261-2894415/16, CIN: L35111GJ2012PLC068922 LAXMIPATI ENGINEERING WORKS LIMITED Particulars Page No. About the company 2 Corporate Information 8 Governance of Company 11 Understanding Our Stakeholders 14 Notice of Annual General Meeting 15 Directors’ Report 29  Annexure – I Management Discussion and Analysis Report 41  Annexure – II Corporate Governance Report 49  Annexure – III Disclosure of Remuneration 72  Annexure – IV Statement of Risk Management 75  Annexure – V Secretarial Audit Report 76  Annexure - VI Energy Conservation Measures, Technology Absorption and R&D 79 Efforts and Foreign Exchange Earnings and Outgo  Annexure – VII Certificate by CFO on Financial Statements of the company  Annexure - VIII Auditor’s Certificate on Corporate Governance  Annexure - IX Compliance Certificate on Code of Conduct  Annexure - X Certificate of non-disqualification of Directors Financial Statements  Independent Auditor’s Report 84  Balance Sheet 95  Profit & Loss Statement 96  Cash Flow Statement 97  Notes to Accounts 98 Annual Report 2025-26 1 LAXMIPATI ENGINEERING WORKS LIMITED ABOUT THE COMPANY Laxmipati Engineering Works Limited is engaged in the business of ship building, ship repair, fabrication, heavy engineering, engineering infrastructure and services, shut down maintenance projects and precision machining. The company was incorporated in 2012 as a ship building company and has in short span of time building itself as a reliable partner manufacturing, engineering services, repair and upgrade. The company is a part of the diversified Laxmipati Group which is engaged in textiles, real estate, power sector, & education. Laxmipati Engineering Works Limited has obtained the industrial license from the Government of India for manufacturing of war ships. Our Certifications: 1. ISO 9001:2015 2. ISO 45001:2018 3. ASME certification for manufacturing of Pressure Vessels 4. Indian Boiler Regulation for IBR piping and repair and erection of Class 2 Boilers. Annual Report 2025-26 2 LAXMIPATI ENGINEERING WORKS LIMITED We have state of the art engineering workshop strategically located at Palsana on NH 48. It covers more than 45000 sq. mtrs of space. Currently the workshop employs more than 400 people in various activities. The workshop has latest machines and resources like 30 MT EOT cranes, Plate rolling machine, Press, CNC cutting machines, Pipe bending machine, VMC, latest welding machines. When completely operational it can accommodate close to 1500 workmen. Following facilities are available for various projects:  Main store and material storage area  Vertical Machining Centre – VF 9  Plate rolling and cone bending machine.  Radial Drill machine  Automatic welding stations and 200+ welding machines  NDT Facilities  EOT cranes of various capacities  500 tons Press  Dual source CNC cutting machine  Hydras and other mobile cranes. The workshop is ideally suited for the following manufacturing projects depending on a client’s need:  Boilers and Heat Exchangers  Pressure Vessels  Modular Manufacturing  Pier Caps and Shutters for Infra Projects  Heavy Engineering and Fabrication  Defence Related Project  Maintenance, Repair and Upgrade  IBR Piping  Overlay Welding  Machining Some of our esteemed clients include L&T HED, L&T Defence, L& T ECC, AM/NS, Adani Ports, Ensavior and Sulzer India. Annual Report 2025-26 3 LAXMIPATI ENGINEERING WORKS LIMITED VISION AND MISSION Vision: To be Global Player in the Shipbuilding/Ship Repair, Manufacturing, Heavy Engineering, Overlay Welding and Machining. Mission:  To exceed Customers’ Expectations with a mutually cooperative approach.  To consistently deliver quality products and services at competitive costs.  To create and deliver value for all stake holders and ensure profitability.  To set world class benchmarks in the Shipbuilding/Ship Repair and Manufacturing.  To focus on new areas of growth and opportunity.  Becoming a partner in Nation building.  To recruit and retain quality manpower and talent. Annual Report 2025-26 4 LAXMIPATI ENGINEERING WORKS LIMITED CHAIRMAN’S COMMUNIQUE Dear Shareholders, It gives me immense pleasure to present to you the Annual Report of the Company for the financial year 2025-26. The year has been marked by remarkable progress, operational excellence, and significant financial achievements, reflecting the resilience and dedication of our team as well as the continued trust of our stakeholders. I am delighted to share that the Company has delivered an exceptional financial performance during the year. Through focused execution, improved operational efficiencies, and a steadfast commitment to quality, we achieved substantial growth in revenue and profitability. The significant improvement in our profit performance stands as a testament to the effectiveness of our strategic initiatives and the unwavering efforts of our employees. Despite operating in a dynamic business environment, we remained committed to strengthening our market position, enhancing customer satisfaction, and driving sustainable growth. Our continued emphasis on innovation, efficiency, and prudent financial management has enabled us to capitalize on emerging opportunities while maintaining operational discipline. As we look ahead, we remain confident about the Company's growth prospects. We will continue to focus on expanding our capabilities, improving productivity, and delivering superior value to our customers and shareholders. The strong foundation we have built this year positions us well to pursue new opportunities and achieve long-term sustainable growth. I would like to express my sincere gratitude to our shareholders, customers, business partners, bankers, regulatory authorities, and all other stakeholders for their continued support and confidence in the Company. I also extend my heartfelt appreciation to our employees, whose dedication, hard work, and commitment have been instrumental in our success. Warm regards, Sd/- Sanjaykumar Govindprasad Sarawagi Chairman & Director DIN: 00005468 Annual Report 2025-26 5 LAXMIPATI ENGINEERING WORKS LIMITED LEADERSHIP TEAM Mr. SANJAYKUMAR GOVINDPRASAD SARAWAGI Mr. Sanjaykumar Govindprasad Sarawagi is a seasoned industrialist with over a decade of experience in managing large-scale manufacturing and engineering enterprises. His leadership has been pivotal in establishing Laxmipati Engineering Works Limited as a trusted name in the heavy engineering and fabrication sector, known for its commitment to quality, innovation, and timely execution. Mr. Sanjaykumar Govindprasad Sarawagi brings deep expertise in operational strategy, engineering process optimization, and project management. He has played a critical role in scaling up production capacities, introducing modern fabrication technologies, and implementing industry-best safety and qua [Showing first 8,000 characters — download PDF for full document]