Please find enclosed BRSR for the FY ended March 31, 2026.

Corporate Office & Communication Address: 40I Aza House, 24, Turner Road, Bandra (W), Mumbai 400 050. Website: www.panamapetro.com Phone : 9I-22-42I77777 I Fax : 9I-22-42I77788 I E-mail : ho@panamapetro.com CIN No. L23209GJI982PLC005062 July 28, 2026 BSE Limited National Stock Exchange of India Limited Pjiroze Jeejeebhoy Towers, Exchange Plaza,5th Floor,Plot No. C/1 Dalal Street, Fort,Mumbai 400 001 G Block,BKC, Mumbai-400 051 Scrip Code: 524820 Scrip Symbol :PANAMAPET Sub: Business Responsibility and Sustainability Report Dear Sir/Madam, Pursuant to Regulation 34(2)(f) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the Business Responsibility and Sustainability Report which also forms part of the Company’s Annual Report for FY 2025-26. We request you to take the same on your records. Thanking You. Yours faithfully, For PANAMA PETROCHEM LIMITED Gayatri Sharma Company Secretary & Compliance Officer Corporate Overview Notice Statutory Reports Financial Statements Business Responsibility & Sustainability Report SECTION A: GENERAL DISCLOSURES I. Details of the listed entity 1. Corporate Identity Number (CIN) of the Listed Entity L23209GJ1982PLC005062 2. Name of the Listed Entity Panama Petrochem Limited 3. Year of incorporation 1982 4. Registered office address Plot no. 3303, GIDC Estate, Ankleshwar, Gujarat – 393002 5. Corporate address 401, Aza House, 24 Turner Road, Bandra (W), Mumbai – 400050 6. E-mail ho@panamapetro.com 7. Telephone +91-22-421777777 8. Website http://www.panamapetro.com/ 9. Financial year for which reporting is being done 01/04/2025–31/03/2026 10. Name of the Stock Exchange(s) where shares are listed BSE Limited & National Stock Exchange of India Limited 11. Paid-up Capital C 12.10 crores 12. Name and contact details (telephone, email address) Hussein Rayani–Jt. Managing Director of the person who may be contacted in case of any Contact No. 022-42177777 queries on the BRSR report e-mail Id: hussein@panamapetrochem.com 13. Reporting boundary–Are the disclosures under this Standalone report made on a standalone basis (i.e. only for the entity) or on a consolidated basis (i.e. for the entity and all the entities which form a part of its consolidated financial statements, taken together) 14. Name of assurance provider Assurance of the BRSR Report is not applicable to the Company for financial year 2025-26 15. Type of assurance obtained Not Applicable II. Products/services 16. Details of business activities (accounting for 90% of the turnover): S. No. Description of Main Activity Description of Business Activity % of Turnover of the entity 1 Manufacturing Coke & Refined Petroleum Products 99.19% 17. Products/Services sold by the entity (accounting for 90% of the entity’s Turnover): % of total Turnover S. No. Product/Service NIC Code contributed 1. Petroleum specialty products with ‘Panoil’ 19201 (Manufacturer of refined 99.19% brand petroleum products) Panama Petrochem Limited III. Operations 18. Number of locations where plants and/or operations/offices of the entity are situated: NATIONAL INTERNATIONAL Number of Number of plants plants 8 3 Number of - - Number of Total Total offices offices 19. Markets served by the entity: a. Number of locations NATIONAL INTERNATIONAL states countries globally Union territories b. What is the contribution of exports as a percentage of the total turnover of the entity? Exports comprised 35.69% of the total turnover of the Company for the financial year 2025-26. c. A brief on types of customers Panama Petrochem Limited serves a wide range of specialty petroleum products to various industries around the world, primarily focusing on business-to-business segments. Our customer base includes companies manufacturing cosmetics, pharmaceuticals, rubber tires and other rubber products, electrical transformers, lubricant blenders and offset printing ink. IV. Employees 20. Details as at the end of Financial Year: a. Employees and workers (including differently abled): S. Male Female Particulars Total (A) No. No. (B) % (B / A) No. (C) % (C / A) EMPLOYEES 1. Permanent (D) 134 108 80.60% 26 19.40% 2. Other than Permanent (E) - - - - - 3. Total employees (D + E) 134 108 80.60% 26 19.40% 72 Annual Report 2025-26 S. Male Female Particulars Total (A) No. No. (B) % (B / A) No. (C) % (C / A) WORKERS 4. Permanent (F) 57 56 98.25% 1 1.75% 5. Other than Permanent (G) 96 92 95.83% 4 4.17% 6. Total 153 148 96.73% 5 3.27% Permanent Permanent Other Than Employees Workers Permanent Workers %06.08 %04.91 %52.89 %57.1 %38.59 %71.4 Corporate Overview Notice Statutory Reports Financial Statements Male Female b. Differently abled Employees and workers: S. Male Female Particulars Total (A) No. No. (B) % (B / A) No. (C) % (C / A) DIFFERENTLY ABLED EMPLOYEES 1. Permanent (D) - - - - - 2. Other than Permanent (E) - - - - - 3. Total differently abled employees (D + E) - - - - - WORKERS 4. Permanent (F) - - - - - 5. Other than permanent (G) - - - - - 6. Total differently abled workers (F + G) - - - - - 21. Participation/Inclusion/Representation of women S. No. and percentage of Females Particulars Total (A) No. No. (B) % (B / A) 1. Board of Directors 8 1 12.50% 2. Key Management Personnel (*) 6* 1 16.67% * Note–The above details of KMP and Board of Directors are as on March 31, 2026. KMPs includes the members of the Board. 22. Turnover rate for permanent employees and workers (Disclose trends for the past 3 years) Permanent Employees Permanent Workers FY 2025-26 (Turnover rate FY 2024-25 (Turnover rate FY 2023-24 (Turnover rate in the in current FY) in previous FY) year prior to the previous FY) Male Female Total Male Female Total Male Female Total Permanent Employees 15.63% 23.53% 17.28% 11.43% 14.29% 12.86% 34.88% 33.33% 16.10% Permanent Workers 9.68% - 9.68% 2.38% - 2.38% 21.43% - 60.00% V. Holding, Subsidiary and Associate Companies (including joint ventures) 23. (a) Names of holding / subsidiary / associate companies / joint ventures Name of the holding / Indicate whether % of shares Does the entity indicated at column A, subsidiary / associate holding/ Subsidiary/ held by listed participate in the Business Responsibility companies / joint ventures (A) Associate/ Joint Venture entity initiatives of the listed entity? (Yes/No) 1 Panol Industries RMC FZE Subsidiary 100% No VI. CSR Details 24. (i) Whether CSR is applicable as per section 135 of Companies Act, 2013 (Yes/No) : Yes (ii) Turnover (in D) C 1775.72 Cr. (iii) Net worth (in D) C 932.62 Cr. %36.51 %35.32 %82.71 %34.11 %92.41 %68.21 %88.43 %33.33 %01.61 %86.9 %86.9 %83.2 %83.2 %34.12 %00.06 Panama Petrochem Limited 2025-26 2024-25 2023-24 2025-26 2024-25 2023-24 Male Female Total Male Total 74 Annual Report 2025-26 Corporate Overview Notice Statutory Reports Financial Statements VII. Transparency and Disclosures Compliances 25. Complaints/Grievances on any of the principles (Principles 1 to 9) under the National Guidelines on Responsible Business Conduct: FY 2025-26 Current Financial Year FY 2024-25 Previous Financial Year Grievance Number of Number of Stakeholder Redressal (If Yes, then provide Number of complaints Number of complaints group from Mecha- web-link for grievance complaints pending complaints pending whom complaint nism in Remarks Remarks redress policy) filed during resolution filed during resolution is received Place the year at close of the year at close of (Yes/No) the year the year Communities Yes https://panamapetro. - - - - - - com/old-site/wp-content/ uploads/2015/12/Whistle- blower-policy.pdf Investors NA - - - - - - - (other than shareholders) Shareholders Yes http://panamapetro. - - - - - - com/contact-for- investor-greviances/ Employees Yes https://panamapetro. - - - - - - and workers com/old-site/wp-content/ uploads/2015/12/Whistle- blower-policy.pdf Customers Yes https://panamapetro. - - - - - - com/old-site/wp-content/ uploads/2015/12/Whistle- blower-po [Showing first 8,000 characters — download PDF for full document]