Annual report

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Otfice Nari Road, Bhavnagar I NSO A B4 L5 0 A0 c1 c redited : 2 L0 a1 b8 1271 00GJ1 975P1C002692 & Works Guiarat, lndia 364 006 Certified Company Telephone (91) (278) 252 3300 To 04 ANNIVERSARY (91 ) 70695 80001 / 70695 80002 E-mait directl @ipcl.in Website www.ipcl.in Date - 1o"07 The Corporate Relationship Department BSE Limited Plnir oze Jeej eebhoY Towers, Dalal Street, MUMBAI - 4OO OO1 scRIP CODE -504786 Dear Sir/Madam, Sub: Notice of the 51sr AGM along with Annual Report 2o125-26' This is to inform that the 51sr Annual General Meeting ("AGM") of the members of the Company wil1be held on Thursday, 13tu August, 2026 at 4:3O p'm' (IST) at Efcee Sarovar Portico, Sarovar Hotels, Iscon Mega City, opp. victoria Park, Bhavnagar, Gujarat 364002, to transact the business specified in the notice of AGM, in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of india. Pursuant to Regulation 30 and 34(1) of the sEBI (Listing obligations and Disclosure Requirements), Regulations, 2015, please find enclosed herewith Annual Report of the company for the financial yeat 2025'26 including the Notice convening AGM which is being sent to the members through electronic mode. The Annual Report including Notice is a'lso uploaded on the Company's website at www.ipcl.in Link for Annual RePort - /*rt htto",/ /***.io"l.irr/*"bIil.*/irr,r.*tor/rrrt rlult"oott* .r.lyo2Ottoott%202025- 26.pdf we hope you will find the same in ordEr and take the same on records Thanking You, Yours faithfullY, For Investment and Precision Castings Limited Mr. Piyush I Tamboli BI{AVilAGM Chairman and Managing Director DIN- OO146033 A Legacy of Reliability. A Future of Precision. Annual Report 2025-26 INVESTMENT & PRECISION CASTINGS LIMITED A LEGACY OF RELIABILITY. A FUTURE OF PRECISION. Fifty years of IPCL are a testament to the trust placed in us by every customer, partner and stakeholder who chose to build their success upon the consistency of ours. As we enter our 51st year, we carry that trust forward as the clearest possible proof that reliability, when sustained across decades, becomes the most durable competitive advantage of all. The Legacy Five decades of uncompromised quality, earned customer-by-customer, casting- by-casting — a record that stands the test of time and is built to grow. The Future An expanding global footprint, deeper manufacturing capability and the measured embrace of digital technologies, each built upon the foundation that reliability made possible. Since our inception in 1975 INVESTMENT & PRECISION CASTINGS LIMITED (IPCL) has been on a progressive growth journey, continuously evolving to meet the changing demands of the manufacturing and industrial landscape. Backed by decades of engineering expertise and a strong understanding of the industry, the Company has steadily strengthened its capabilities across precision casting solutions while adapting to emerging technologies, quality standards, and customer expectations. A Legacy of Reliability. A Future of Precision. Corporate Overview Statutary Reports Financial Reports While our foundation is rooted in manufacturing excellence and metallurgical expertise, we have consistently expanded our operational scale, product capabilities, and market presence to serve diverse industrial applications across domestic and international markets. Today, our comprehensive portfolio of castings caters to multiple sectors, re(cid:277)ecting our commitment to precision, reliability, operational ef(cid:276)ciency, and long-term customer partnerships. Communication Shared Values Aligning processes and Fostering human platforms towards responsibly development and shared communicating our value creation in the community we operate in sustainability principles and performance to broader audiences Core Focus Our core focus on sustainability rests on the principles of shared value, ethics. innovation. enablement, & communication Enablement Ethics Enabling internal and external Governing with ethics and stakeholders for greater moral code of conduct to visibility and participation in the foster a culture of model governance process workplace and healthy competition Innovation Strategically investing in energy transition and fostering frugal innovation to drive productivity 2An 0nu 2al 5 Re -p 2o 6rt 1 INVESTMENT & PRECISION CASTINGS LIMITED Inside This Report CONTENTS COMPANY OVERVIEW Company Information 03 Company Vision 05 Key Performance Indicators 18 STATUTORY REPORTS Notice 42 Board’s Report 52 Management Discussion & Analysis 73 Corporate Governance Report 75 FINANCIAL STATEMENTS Standalone Financial Statements 96 Consolidated Financial Statements 135 2 A Legacy of Reliability. A Future of Precision. Corporate Overview Statutary Reports Financial Reports Corporate Information Board Of Directors Key Managerial Personnel MR. PIYUSH I. TAMBOLI MS. HETAL KAPADIYA Chairman & Managing Director Company Secretary & Compliance Of(cid:276)cer MR. JAINAM P. TAMBOLI Auditors Whole time Director & Chief Financial Of(cid:276)cer STATUTORY AUDITORS MR. B PRATAPKUMAR PARK & Co. Whole time Director Chartered Accountants MRS. VISHAKHA P. TAMBOLI Non-Executive Non Independent Director SECRETARIAL AUDITORS M/s. Devesh Mehta & Associates MRS. MAMTA DEVI RAOL Practicing Company Secretaries Non-Executive Independent Director (upto 12.01.2026) INTERNAL AUDITORS MR. SAURABH PODDAR J. B. Vanra & Co. Non-Executive Independent Director Chartered Accountants MR. PANKAJ NAGINDAS BHAYANI COST AUDITORS Non-Executive Independent Director Borad Sanjay B & Associates. Cost Accountants MR. JATAN G. SHAH Non-Executive Independent Director Banker MRS. ASHWINI R. DOSHI Non-Executive Independent Director Bank of Baroda - Bhavnagar Kotak Mahindra Bank Ltd - Bhavnagar MR. AKSHAY R. SHAH Non-Executive Independent Director (w.e.f 22.05.2025) Corporate & Registered Of(cid:276)ce Registrar & Transfer Agent Nari Road, Bhavnagar, Gujarat – 364006, MCS SHARE TRANSFER AGENT LIMITED India 101, Shatdal Complex, Opp: bata Show Room Phone : (91)(278)2523300 to 04 Ashram Road, Ahmedabad-380009 Email : direct@ipcl.in Website : www.ipcl.in Corporate Identi(cid:276)cation No BSE Scrip Code L27100GJ1975PLC002692 504786 ISIN INE155E01016 2An 0nu 2al 5 Re -p 2o 6rt 3 INVESTMENT & PRECISION CASTINGS LIMITED About Our Report Our Annual Report for the year risks, opportunities, strategy, and a transparent account of how we encapsulates both our (cid:276)nancial future outlook. Through this report, generate value for our stakeholders and non-(cid:276)nancial performance for we present IPCL’s vision for driving in the short, medium, and long term, the year, offering a comprehensive delivery excellence, aligned with our encompassing our (cid:276)nancial outcomes, update to our stakeholders on our core purpose, strategic priorities, environmental initiatives, societal governance practices, material issues, and business model. It provides contributions, and key achievements. Scope of Reporting • Reporting Period the Company’s performance, inherent risks and uncertainties. future prospects and commitment There is a signi(cid:276)cant risk that the This report is published annually, to delivering sustainable value assumptions, predictions, and covering the period from 01st to all stakeholders. It re(cid:277)ects other forward-looking statements April, 2025 to 31st March, 2026. the legitimate interests of our may not prove to be accurate. • Financial and Non-Financial stakeholders, ensuring that all Readers are cautioned not to Reporting relevant material information is place undue reliance on forward- included. looking statements as several This report extends beyond factors could cause assumptions, (cid:276)nancial [Showing first 8,000 characters — download PDF for full document]