Annual Report of the Company for the Financial year ended March 31, 2026.

Date: 06-11-2026 BSE Limited, Dept. of Corporate Services, Floor 25, PJ Towers, Dalal Street, Mumbai- 400001. Scrip Code: 526445 Dear Sir/Madam, Sub: Intimation of Notice of 34th Annual General Meeting (AGM) and Annual Report of the Company for the Financial year 2025-26 – Reg. In Compliance with the applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, please find enclosed the Notice of 34th Annual General Meeting and the Annual Report of the Company for the Financial year ended March 31, 2026. The said Annual Report containing the AGM Notice is also uploaded on the Company's website - https://indrayani.com/investor-relations Kindly take the same on record. Thanking you, Yours Faithfully, For Indrayani Biotech Limited Swaminathan Govindarajan Whole-time Director (DIN: 02481041) Block 1, 33, SIDCO Electronic Complex, Thiru Vi Ka Industrial Estate, Guindy, Chennai 600032 Ph: +91-44-24463751 / +91-44-22502146 | www.indrayani.com | info@indrayani.com | CIN: L40100TN1992PLC129301 Indrayani Biotech Limited Annual Report 2025-26 Rejuvenate and Rise… CORPORATE INFORMATION CHAIRMAN Mr. N. M. Ranganathan (DIN: 06377402) MANAGING DIRECTOR Mr. Kasiraman Sayee Sundar (DIN: 01295584) DIRECTORS Mr. G. Swaminathan (DIN: 02481041) Mr. Muthukrishnan Ramesh (DIN: 01016291) Dr. B. N. Padmaja Priyadarshini (DIN: 06416242) CHIEF FINANCIAL OFFICER M r . V i n a y a k a B o d a l a – u n t i l 0 3.04.2025 Mr. Dhinakaran Rajagopal – w.e.f. 03.04.2025 - until 26.02.2026 Mr. Kunisetty Venkateswara Rao – w.e.f. 27.02.2026 COMPANY SECRETARY Mr. V Santhanakrishnan – until 13.06.2025 Ms. Ramya Ravi– w.e.f. 27.09.2025 - until 03.06.2026 Mr. C.S. Shanmuga Sundar– w.e.f. 09.09.2026 till 02.11.2026 STATUTORY AUDITORS M/s. Venkatesh & Co., Chartered Accountants, Chennai SECRETARIAL AUDITOR Mr. Krishnamurthi Ravichandran, PCS – until 05.08.2026 Ms. Nattery Srinivasan Poornima PCS- W.e.f. 02.11.2026 BANKERS Axis Bank Ltd, Corporate Banking Branch, Chennai - 600002 SHARE TRANSFER AGENT M/s. MUFG Intime India Private Limited Surya 35, Mayflower Avenue Behind Senthil Nagar, Sowripalayam Road, Coimbatore – 641028 Phone: 0422-2314792 Email: coimbatore@in.mpms.mufg.com REGISTERED OFFICE Block 1 Module No.33, 3rd Floor, SIDCO Electronic Complex, Thiru-vi-ka Industrial Estate, Guindy, Chennai- 600032 Phone: +91-44-22502146 Email: info@indrayani.com www.indrayani.com COMMITTEE INFORMATION AUDIT COMMITTEE Mr. Nangavaram Mahadevan Ranganathan, Chairman Mr. G Swaminathan, Member Dr. Bokara Nagarajan Padmaja Priyadarshini, Member NOMINATION AND Dr. Bokara Nagarajan Padmaja Priyadarshini, Chairperson REMUNERATION Mr. Nangavaram Mahadevan Ranganathan, Member COMMITTEE STAKEHOLDERS Mr. Nangavaram Mahadevan Ranganathan, Chairman RELATIONSHIP Dr. Bokara Nagarajan Padmaja Priyadarshini, Member COMMITTEE ALLOTMENT COMMITTEE Mr. Nangavaram Mahadevan Ranganathan, Chairman Mr. G Swaminathan, Member Dr. Bokara Nagarajan Padmaja Priyadarshini, Member RIGHTS ISSUE COMMITTEE Mr. Nangavaram Mahadevan Ranganathan, Chairman Mr. Kasiraman Sayee Sundar, Member Indrayani IBnidortaeycahn Li iBmioitteedc h- ALinmniuteadl R -e Apnonrtu 2al0 R2e5p-2o6r t 2020 FROM THE CHAIRMAN’S DESK Dear Shareholders, The past financial year has been a period of reflection, consolidation and strategic realignment for our Company. While our long-term vision and business model remain firmly rooted in the significant opportunities offered by India's growing MSME sector, the challenging market environment and funding constraints over the last two years have impacted our ability to pursue business expansion and achieve the growth momentum we had envisaged. Despite these challenges, our conviction in the underlying potential of our business model remains unwavering. Our strategy of identifying promising MSMEs, bringing them under our fold and supporting them in unlocking their growth potential continues to offer a meaningful opportunity to create long-term value for all stakeholders. We believe that the MSME sector will continue to play a pivotal role in India's economic development, and our aggregation model positions us to participate in this growth opportunity. Recognising the need to strengthen our financial position and create the necessary resources for the next phase of growth, the Company initiated a Rights Issue in October 2026 to mobilise additional capital. This represents an important step towards addressing our funding requirements, improving financial flexibility and enabling the Company to pursue its business objectives with renewed vigour. As we look ahead, our immediate priority is to strengthen our capital base, improve cash flows and establish a more robust financial foundation. With these priorities addressed, we intend to renew our focus on business expansion, identifying promising opportunities, onboarding high-potential MSMEs and unlocking value through our established business model. We remain optimistic about the opportunities ahead and believe that the coming years can mark the beginning of a renewed growth phase for our Company. I would like to place on record my sincere appreciation to our shareholders for their continued trust and patience during this challenging period. I also thank our employees, business associates and all other stakeholders for their commitment and support. Together, we look forward to rebuilding our growth momentum and creating sustainable value for our shareholders. Regards, Sd/- Nangavaram Mahadevan Ranganathan Chairman Indrayani IBnidortaeycahn Li iBmioitteedc h- ALinmniuteadl R -e Apnonrtu 2al0 R2e5p-2o6r t 2020 CONTENTS COMPANY PROFILE ................................................................................................................................................. 1 NOTICE OF THE 34TH ANNUAL GENERAL MEETING................................................................................................. 3 EXPLANATORY STATEMENT...................................................................................................................... 8 NOTES ..................................................................................................................................................... 13 REMOTE E-VOTING INSTRUCTIONS FOR SHAREHOLDERS...................................................................... 18 PROCESS AND MANNER FOR ATTENDING THE ANNUAL GENERAL MEETING THROUGH INSTAMEET .. 24 BOARD’S REPORT .................................................................................................................................................. 26 ANNEXURE-I: SALIENT FEATURES OF FINANCIAL STATEMENTS OF SUBSIDIARIES ................................. 39 ANNEXURE-II: RELATED PARTY TRANSACTIONS ..................................................................................... 41 ANNEXURE-III: CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO.......................................................................................................................... 44 ANNEXURE-IV: SECRETARIAL AUDIT REPORT ......................................................................................... 45 ANNEXURE-A: ANNEXURE TO THE SECRETARIAL AUDIT REPORT ............................................ 49 ANNEXURE-V: SECRETARIAL AUDIT REPORT OF MATERIAL SUBSIDIARY ............................................... 50 ANNEXURE A TO ANNEXURE-V ................................................................................................ 53 ANNEXURE-VI: DIRECTOR REMUNERATION ........................................................................................... 54 MANAGEMENT DISCUSSION AND ANALYSIS REPORT .......................................................................................... 55 GLOBAL ECONOMIC OVERVIEW ............................................................................................................. 55 ECONOMIC OVERVIEW – INDIA ...................... 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