We herewith submit the Notice of the 35th Annual General Meeting of the Company to be held on Monday, August 24, 2026, at 11.30 hrs (IST) through Video Conference (VC)/ Other Audio Visual ....

\\Online Submission\\ IPR/SE/017/2026-27 July 27, 2026 BSE Limited, P.J Towers, Dalal Street, Mumbai-400001. Stock Code: 523638 Dear Sir / Madam, Sub: Annual Report 2025-2026 as per Regulation 34 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”): Pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform that the 35th Annual General Meeting (“AGM”) of the Company will be held on Monday, August 24, 2026 at 11.30 A.M. (IST) through Video Conference/ Other Audio Visual Means (“VC/OAVM”). We herewith submit the copy of the 35th Annual Report along the Notice of the 35th AGM sent to the shareholders for your reference. Further, in accordance with Regulation 36 (1) (b) of the SEBI Listing Regulations, a letter containing the web-link and QR Code for accessing the Annual Report is being sent to all those Members who have not registered their email IDs with the Company/Registrar & Transfer Agent/Depository Participants. The Annual Report is also available on our website at https://iprings.com/investors/annual- reports/. We request you to take the above on record as compliance with relevant regulations of SEBI Listing Regulations and disseminate to the stakeholders. Kindly take the above on record. Yours Faithfully, For IP Rings Limited M. Sathyanarayanan Company Secretary and Compliance Officer Encl: as above IP Rings Ltd. . . D11 /12, Industrial Estate, Maraimalai Nager• 603 209, Chengalpattu District, Tamil Nadu, India. Phone: +91-44-27452816, www.iprings.com CIN : L28920TN1991 PLC020232 Annual Report 2025-26 ANNUAL REPORT 2025-26 IP Rings Limited STHGILHGIH LAICNANIF ECNALG ECNAMROFREP SRAEY shkaL 62-5202 52-4202 42-3202 32-2202 22-1202 12-0202 02-9102 91-8102 81-7102 71-6102 sralucitraP 26.87633 55.733,03 88.176,13 65.923,23 92.172,72 12.648,91 12.397,91 72.902,12 25.966,02 83.531,91 selaS 05.9943 19.384,2 12.555,2 93.029,2 05.145,3 07.155,2 19.222,2 97.268,2 83.335,2 30.145,1 TIDBP 81.962 )97.913( )41.372( 6.371 84.128 18.694 11.011 96.497 43.337 47.441- retfa tiforP 67.621 25.352 41.091 67.621 diaP dnediviD dnediviD 95.762,1 95.762,1 95.762,1 95.762,1 95.762,1 95.762,1 95.762,1 95.762,1 95.762,1 95.762,1 latipaC erahS 13.023,9 26.740,9 28.193,9 10.1389 08.719,9 17.1729 94.738,8 08.498,8 46.701,8 26.583,7 sevreseR sulpruS 09.785,01 12.513,01 14.956,01 06.890,11 93.581,11 03.935,01 80.501,01 93.261,01 32.573,9 12.356,8 htrow 03.219,72 83.819,52 55.556,42 37.767,32 52.392,22 04.019,91 90.312,61 92.010,51 97.447,11 52.749,9 dexiF ssorG stessA 21.2 25.2- 51.2- 73.1 84.6 29.3 78.0 72.6 97.5 46.1- 35.38 83.18 90.48 65.78 42.88 41.38 27.97 71.08 69.37 72.86 /eulaV kooB erahS 27.0 46.0 65.0 95.0 46.0 34.0 44.0 93.0 53.0 ytiuqE tbeD )tbeD mret gnoL( - 0 - - - - - BOARD OF DIRECTORS Mr. A. VENKATARAMANI Managing Director Mr. M GOVINDARAJAN Non-Executive Director Mr. VIKRAM VIJAYARAGHAVAN Independent Director Mr. NAVIN PAUL Independent Director Ms. ANANDI IYER Independent Director Mr. RYOSUKE HASUMI Non-Executive Director (Upto May 14.2026) Mr. NAGARAJAN BALAAVUIJDAYIATN COMNMonI-TExTeEcuEtive Director (with effect from May 29, 2026) Mr. VIKRAM VIJYARAGHAVAN Chairman Ms. ANANDI IYER Member STAKEHMOrL. NDAEVRINS P’ ARUELLATMIOemNbSeHrIP COMMITTEE Mr. VIKRAM VIJYARAGHAVAN Chairman Mr. A VENKATARAMANI Member NOMINATMIOr. NNA AVNIND P ARUELMUNMEemRbAeTrION COMMITTEE Mr. NAVIN PAUL Chairman Mr. A VENKATARAMANI Member MCr.O VRIKPROAMR AVTIJAEY ASROACGIHAALV ARNESPOMNemSIbBerILITY COMMITTEE Mr. NAVIN PAUL Chairman Mr. A VENKATARAMANI Member Mr. VIKRAM VIKJAEYYAR MAGAHNAAVAGNERIAMLe mPEbeRrSONNEL Mr. R. JANAKIRAMAN Chief Financial Officer Mr. M. SATHYANARAYANAN Company Secretary - - - - - 0 - Annual Report 2025-26 AUDITORS COST AUDITORS M.S. Krishnaswami & Rajan M/s. A N Raman & Associates GB, Anand Apartments, JP Avenue No.1, Muthukumara Swamy Salai Dr Radhakrishnan Road, 6th Street, Baby Nagar, Velachery, Mylapore, Chennai 600 004 Chennai 600 042 SECRETARTIeAl:L 0 4A4U-4D2I0T4O66R2S8 TLeEl:G 0A44L- 3A2D90V6I8S3O1RS Mr. R. Mukundan [CS in Practice] KS Law Chambers 215, Velachery Main Road, Ground Floor, "Century Centre" Chennai – 600 042 TTK Road, Chennai - 600 042 Mobile: +91 98409 70898 New No. 75 (Old No. 39) BANKERS STeHl:A 0R44E-2S4 L9I9S0T01E4D WITH Central Bank of India BSE Limited Mumbai State Bank of India HDFC Bank Limited Standard Chartered Bank ICICI BanCk OLiMmiPteAdNY WEBSITE REGISTERED OFhtFtpICs:E//ipriSngHsA.coRmE/ TRANSFER AGENTS D 11/12, Industrial Estate Cameo Corporate Services Limited Maraimalai Nagar, No 1, Club House Road, Chengalpattu Dist. Tel: (044) 2556 5121 Tamil Nadu – 603 209 Fax (044) 2556 5131 Tel: (044) 2745 2816 / 2745 2929 E-mail: investor@cameoindia.com E-mail: cs@iprings.com / investor@iprings.com - 0 - - - - - IP Rings Limited TABLE OF CONTENTS 1 NOTICE 6 2 DIRECTORS' REPORT 20 3 MANAGEMENT DISCUSSION AND ANALYSIS REPORT 38 4 CORPORATE GOVERNANCE REPORT 43 5 STANDALONE INDEPENDENT AUDITOR'S REPORT 68 6 STANDALONE BALANCE SHEET 82 7 STANDALONE STATEMENT ON PROFIT AND LOSS 83 8 STANDALONE CASH FLOW STATEMENT 84 9 CONSOLIDATED INDEPENDENT AUDITOR'S REPORT 130 10 CONSOLIDATED BALANCE SHEET 140 11 CONSOLIDATED STATEMENT ON PROFIT AND LOSS 141 12 CONSOLIDATED CASH FLOW STATEMENT 142 - - - - - 0 - Annual Report 2025-26 NOTICE OF ANNUAL GENERAL MEETING 35th ANNUAL GENERAL MEETING Monday, August 24, 2026, at 11.30 A.M NOTICE is hereby given that the of IP Rings Limited will be held on [Indian Standard Time (IST)] through Video Conferencing/ Other Audio Visual Means to transact the following business: ORDINARY BUSINESS: To consider and adopt the Audited Financial Statement of the company for the year ended March 31, 2026, together with the reports of the Board of Directors and the Auditor thereon. Ordinary Resolution: To conRsEidSeOr LpVaEssDi nTg HthAeT f ollowing resolution(s) as an (i) “ the Standalone Audited Financial Statement of the Company for the year ended March 31, 2026, together with the reports of the Board of Directors and the Auditor thereon, as circulated tRoE tShOeL mVeEmD bTeHrsA aTnd presented to the meeting be and are hereby adopted. (ii) the Consolidated Audited Financial Statement of the Company for the year ended March 31, 2026, together with the report of the Auditor thereon, as circulated to the members and presented to the meeting be and are hereby adopted.” SPECIAL BUSINESS: To approve the re-appointment of Mr. Muthalagu Govindarajan (DIN: 09264840) as Non-Executive and Non-Independent Director. To consider and if thought fit, to pass with or without modification(s), the following Resolution as an Ordinary RReEsoSlOuLtiVoEnD. THAT “ pursuant to the provisions of Section 152 and all other applicable provisions of the Companies Act, 2013 read with the Companies (Appointment and Qualifications of Directors) Rules, 2014 (including any statutory modification(s) or enactment thereof for the time being in force) (the “Act”), on the recommendation of Nomination and Remuneration Committee and the Board of Directors, Mr. Muthalagu Govindarajan (DIN:09264840), in respect of whom the Company has received notice in writing under Section 160 of the Act from a member proposing his candidature for the office of Director, be and is hereby reappointed as a Non-Executive and Non-Independent Director, of the Company, liable to retire by rotation for a period of 1 Tyeoa ar pwpirtho veeff ethcte f aropmpo Ainugtmuset n0t2 o, 2f 0M2r6. Ntoa g Aaurgaujasnt 0 B1a, l2a0v2ij7a.”yan (DIN 02751431) as Non-Executive and Non- Independent Director of the Company To consider and if thought fit, to pass with or without modification(s), the following Resolution as an Ordinary RReEsoSlOuLtiVoEnD: THAT “ pursuant to the provisions of Section 152, 161 and all other applicable provisions of the Companies Act, 2013 read with the Companies (Appointment and Qualifications of Directors) [Showing first 8,000 characters — download PDF for full document]