Annual Report-2025-26 enclosed.

ANNUAL REPORT 2025 - 2026 Sixty First Annual Report - 2025-26 Debenture Trustee Board of Directors IDBI Trusteeship Services Limited Universal Insurance Building, Ground Floor, Shri P.R. Venketrama Raja, B.Tech., MBA Sir P.M. Road, Fort, Mumbai – 400 001, India. Chairman Contact No.: 91 22 4080 7032 Shri P.V. Abinav Ramasubramaniam Raja, B.Sc. (Indl. Engg.) Email: ankit.kumar@idbitrustee.com Managing Director Auditors Shri S.S. Ramachandra Raja, B.Sc. Shri N.K. Shrikantan Raja, B.Com. M/s. Ramakrishna Raja and Co. Shri Ajay Bhaskar Baliga, B.Tech. (Chem.Engg.) Chartered Accountants Shri Hariharan Thiagarajan, B.Tech., M.B.A. 1-D, GD Apartments, 6, Shanthinikethan Justice Shri P.P.S. Janarthana Raja (Retd.) B.A., B.L. V.P. Rathinasamy Nadar Road, Smt. Soundara Kumar B.Sc. (Maths) Bibikulam, Madurai – 625 002. M/s. SRSV & Associates Chief Executive Officer Chartered Accountants Shri Prem G Shanker F2, 1st Floor, B Block, Sivams Padmalaya, 28/25, Neelakanta Metha Street, T.Nagar, Chief Financial Officer Chennai – 600 017. Shri K. Sankaranarayanan Cost Auditors Secretary M/s. N. Sivashankaran & Co. Shri S. Balamurugasundaram Cost Accountants Registered Office Ap 13, (New No.15) 6th Street, First Sector, 47, P.S.K Nagar, K.K. Nagar, Chennai – 600 078. Rajapalayam – 626 108, Tamil Nadu Secretarial Auditors Corporate Office M/s. RSGK & Associates “Auras Corporate Centre”, VI Floor, Company Secretaries 98-A, Dr. Radhakrishnan Road, Mylapore, No. 3, State Bank of India, 3rd Colony, Chennai – 600 004, Tamil Nadu Nanganallur, Chennai - 600 061. CIN: L26943TN1965PLC005297 Registrar & Transfer Agent Email: bms@ramcoind.com Phone No.: 044-2847 8585 Website : www.ramcoindltd.com, www.ramcohilux.com M/s. Cameo Corporate Services Limited Subramanian Building No: 1, Club House Road, FACTORIES Chennai – 600 002. Online Investor Portal; I. Building Products Division WISDOM - https://wisdom.cameoindia.com Arakkonam, Tamil Nadu Phone No.: 044-4002 0700. Bihiya, Bihar Gangaikondan, Tamil Nadu Karur, Karnataka Kharagpur, West Bengal Kotputli, Rajasthan Maksi, Madhya Pradesh Sinugra, Gujarat Silvassa, Uninon Territory of Dadra & Nagar Haveli Vijayawada, Andhra Pradesh II. Textile Division (Cotton Yarn) Contents Page No. Sri Ramco Spinners, Rajapalayam, Tamil Nadu Financial Highlights 2 Subsidiary Companies Notice to the Members 3 Sudharsanam Investments Limited, India Sri Ramco Lanka (Private) Limited, Sri Lanka Board’s Report 11 Sri Ramco Roofings Lanka (Private) Limited, Sri Lanka Corporate Governance Report 31 Bankers Auditors’ Report and 96 HDFC Bank Limited Financial Statements of IDBI Bank Limited Ramco Industries Limited Kotak Mahindra Bank Limited Bank of Bahrain & Kuwait Auditors’ Report and 170 Axis Bank Limited Consolidated Financial ICICI Bank Limited Statements of Indian Bank Ramco Industries Limited and its Subsidiaries IndusInd Bank Limited ` in Crores FINANCIAL HIGHLIGHTS 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 Earnings Sales & Other Income 785.30 825.42 897.75 826.31 1,002.93 1,186.57 1,310.06 1,298.52 1,402.40 1,443.50 EBIDTA 116.46 131.11 137.70 131.61 197.53 198.10 154.55 138.56 165.42 197.51 Cash Generation 94.61 122.13 122.64 117.01 188.04 189.57 135.43 114.06 148.64 180.00 Net Profit / Loss [PAT] 59.87 72.05 73.19 65.52 110.78 106.93 97.33 59.60 88.36 111.26 Assets Employed Net Fixed Assets 398.47 398.55 414.94 456.85 480.90 514.88 547.37 542.55 535.65 543.10 Investments 241.26 251.50 263.74 283.90 339.58 409.15 411.50 442.26 538.44 525.67 Other Net Assets net off other Liabilities 298.80 258.35 253.93 301.03 275.95 373.12 508.00 487.97 491.99 503.49 TOTAL 938.53 908.40 932.61 1,041.78 1,096.43 1,297.15 1,466.87 1,472.78 1,566.08 1,572.26 Financed By: A. Shareholders' Funds Share Capital 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 Bonus Shares 7.67 7.67 7.67 7.67 7.67 7.67 7.68 7.68 7.68 7.68 Reserves and Surplus 581.06 655.51 726.50 776.04 892.44 998.38 1,096.20 1,167.62 1,245.73 1,336.21 Deferred Tax, Government Grants 12.67 31.69 10.01 19.39 42.85 66.22 54.04 54.91 55.97 58.17 Total Shareholders, Funds(A) 602.40 695.87 745.18 804.10 943.96 1,073.27 1,158.92 1,231.21 1,310.38 1,403.06 B. Borrowed Funds Short Term and Long Term 336.13 212.53 187.43 237.68 152.47 223.88 307.95 241.57 255.70 169.20 Total Borrowings (B) 336.13 212.53 187.43 237.68 152.47 223.88 307.95 241.57 255.70 169.20 TOTAL (A) + (B) 938.53 908.40 932.61 1,041.78 1,096.43 1,297.15 1,466.87 1,472.78 1,566.08 1,572.26 Book value per share (`) 67.02 75.61 83.79 89.51 102.93 115.15 126.29 134.52 143.52 153.94 Earnings Per Share (`) 6.91 8.31 8.44 7.56 12.78 12.33 11.21 6.87 10.18 12.82 Dividend Per Share (`) 0.50 0.50 0.50 0.50 1.00 1.00 1.00 0.75 1.00 1.25 Dividend Payout (` in Lacs) 4.33 4.33 4.33 8.67 8.67 8.67 8.68 6.51 8.68 10.85 Dividend Payout Ratio % 7.23 6.01 5.92 13.23 7.83 8.11 8.92 10.92 9.82 9.75 Operating Profit Ratio % 14.83 15.88 15.34 15.93 19.70 16.70 11.80 10.67 11.80 13.68 Gross Fixed Assets Per Share (`) 87.92 88.53 92.33 97.28 99.00 107.52 114.07 116.79 119.33 122.12 Total Debt - Equity Ratio 0.57 0.32 0.25 0.30 0.17 0.22 0.28 0.21 0.20 0.13 Market Price of Share (`) a. As on 31st March*(Close) 239.20 229.95 213.05 114.20 256.65 210.80 124.05 201.00 226.66 233.80 b. high** 288.30 325.70 285.50 219.75 274.30 366.65 246.85 274.50 324.35 398.05 c. low** 90.50 212.40 172.10 110.00 104.60 200.00 117.35 124.15 202.10 215.00 P/E Ratio as at 31st March@ 34.62 27.67 25.24 15.11 20.08 17.10 11.07 29.26 22.27 18.24 Market Capitalisation@ (` in Cr) 2,074 1,994 1,847 990 2,225 1,828 1,077 1,745 1,967 2,029 *NSE Quotations **High & Low prices during the year ended 31st March at NSE. @ Based on the market price as on 31st March at NSE. Figures have been regrouped for comparison purposes Regd. Office 47, P.S.K. Nagar, Rajapalayam - 626 108 NOTICE TO THE MEMBERS Notice is hereby given that the 61st AGM of the Company will be held at 11.30 A.M. on Thursday the 20th August 2026. This AGM is being conducted through Video Conferencing/Other Audio Visual Means (VC), the details of which are provided in the Notes to this Notice. The following are the items of business that would be transacted at this AGM: ORDINARY BUSINESS: 1. To consider and pass the following Resolution, as an ORDINARY RESOLUTION: “RESOLVED THAT the Company’s Separate and Consolidated Audited Financial Statements for the year ended 31st March, 2026 and the Reports of the Board of Directors and Auditors thereon be and are hereby considered and adopted.” 2. To consider and pass the following Resolution, as an ORDINARY RESOLUTION: “RESOLVED THAT a Dividend of ` 1.25 per Share be and is hereby declared for the year ended 31st March, 2026 out of the profits of the Company for the year and the same be paid to those shareholders whose names appear in the Register of Members and Register of Beneficial Owners maintained by the Depositories as on 13th August, 2026.” 3. To consider and pass the following Resolution, as an ORDINARY RESOLUTION: “RESOLVED THAT pursuant to Section 159 of the Act and other applicable statutory provisions, Shri P R Venketrama Raja (DIN: 00331406), who retires by rotation, be and is hereby re-appointed as a Director of the Company.” SPECIAL BUSINESS: 4. To consider and pass the following Resolution as an ORDINARY RESOLUTION: “RESOLVED THAT pursuant to the provisions of Section 148(3) and other applicable provisions, if any, of the Companies Act, 2013 and Rule 14 of Companies (Audit and Auditors) Rules, 2014, the remuneration of ` 3,00,000/- (Rupees Three lakhs only) exclusive of GST and Out-of-pocket expenses, payable to M/s. N. Sivashankaran & Co., Cost Accountants (Firm Registration No. 100662) appointed as the Cost Auditors of the Company by the Board of Directors, for the financial year 2026-27 for auditing the Cost Records relating to manufacture of Fibre Cement Products (FCP & CSB) and Cotton Yarn, be and is hereby ratified.” By Order of the Board [Showing first 8,000 characters — download PDF for full document]