As enclosed

July 30, 2026 The D.G.M. (Listing) The Asst. Vice President Corporate Relation Department Listing Department BSE Ltd National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C/1, G Block, Dalal Street Bandra-Kurla Complex Mumbai-400 001 Bandra (E), Mumbai – 400 051 Security Code: 520043 Security Code: MUNJALSHOW Sub: Submission of Annual Report for the FY 2025-26 and Notice of Annual General Meeting under Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/ Madam, With reference to the captioned subject, please find attached herewith the Annual Report for the financial year 2025-26 along with the Notice of 41st Annual General Meeting as required under Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and sent to the shareholders of the Company. Link of Annual report 2025-26 is as under: https://munjalshowa.net/wp-content/uploads/Munjal-Showa-AR-2025-26.pdf This is for your information and records. Thanking You, For MUNJAL SHOWA LIMITED (Ravinder Sharma) Company Secretary & Compliance Officer M.No. A72077 Encl.: As above CORPORATE INFORMATION BOARD OF DIRECTORS CHIEF FINANCIAL OFFICER Mr. Yogesh Chander Munjal (Chairman & Managing Director) Mr. Pankaj Gupta Mr. Hitoshi Fukagawa (Joint Managing Director) Mr. Neeraj Munjal (Appointed w.e.f May 26,2025) COMPANY SECRETARY & COMPLIANCE OFFICER Mr. Katsumata Tetsuya (Appointed w.e.f May 26, 2025) Mr. Ravinder Sharma (Appointed w.e.f. November 14, 2025) Mr. Abhaya Shankar (Appointed w.e.f May 26, 2025) Mrs. Neha Bansal (upto August 23, 2025) Mr. Ashok Kumar Munjal STATUTORY & TAX AUDITORS Mrs. Kavita Venugopal M/s Deloitte Haskins & Sells LLP, Gurugram Dr. Neetika Batra Mr. Kazuhiro Nishioka (upto April 08, 2025) INTERNAL AUDITOR M/s Vaish & Associates, Chartered Accountants, New Delhi AUDIT COMMITTEE Dr. Neetika Batra- Chairperson SECRETARIAL AUDITOR Mr. Ashok Kumar Munjal- Member M/s AKU & Associates, Practicing Company Secretaries, Delhi Mrs. Kavita Venugopal –Member Mr. Neeraj Munjal – Member (Appointed w.e.f. August 04, 2025) BANKERS State Bank of India SHARE TRANSFER/ STAKEHOLDERS RELATIONSHIP COMMITTEE Citi Bank N.A. Kotak Mahindra Bank Limited Dr. Neetika Batra- Chairperson Mr. Ashok Kumar Munjal-Member SHARE TRANSFER AGENT Mr. Yogesh Chander Munjal-Member MCS Share Transfer Agent Limited Mr. Hitoshi Fukagawa–Member F 179-180 DSIDC SHED 3rd floor Okhla industrial area phase I NOMINATION AND REMUNERATION COMMITTEE New Delhi 110020 Mr. Ashok Kumar Munjal –Chairman Tel: 011-41406149-52; Fax; 41709881 Ms. Neetika Batra –Member Email: helpdeskdelhi@mcsregistrars.com Mrs. Kavita Venugopal –Member Mr. Yogesh Chander Munjal-Member TECHNICAL & FINANCIAL COLLABORATOR Astemo Ltd. Japan (erstwhile Hitachi Astemo Limited) CORPORATE SOCIAL RESPONSIBILITY COMMITTEE 1-14-1, Fujiwara –Cho Gyoda- shi Saitama-361-8506, Japan Mr. Yogesh Chander Munjal- Chairman Mr. Ashok Kumar Munjal –Member (Appointed w.e.f. April 01, 2024) REGISTERED OFFICE & WORKS Mr. Hitoshi Fukagawa –Member (Appointed w.e.f May 29, 2024) Gurugram Plant & Registered Office 9-11, Maruti Industrial Area, Sector-18 Gurugram-122015 RISK MANAGEMENT COMMITTEE Haryana Mr. Yogesh Chander Munjal- Chairman Manesar Plant Mr. Ashok Kumar Munjal –Member Plot No. 26 E & F, Sector 3, IMT Manesar, Gurugram- 122050 Mr. Hitoshi Fukagawa –Member Haryana Mrs. Kavita Venugopal Haridwar Plant Plot No. 1, Industrial Park-2, Phase-1, Salempur Mehdood, Haridwar- 249403 Uttarakhand MunJal Showa liMited Contents Particulars Page Number Corporate Information Cover Inside Chairman Message 02 Financial Highlights 04 Notice 05 Board’s Report 24 Management Discussion and Analysis Report 38 Corporate Governance Report 45 CEO and CFO Certification 74 Secretarial Audit Report 75 Conservation of Energy, Technology Absorption and 79 Foreign Exchange Earnings and Outgo Annual Disclosure on Corporate Social Responsibility (CSR) Activities 84 Certificate of Non-Disqualification of Directors 88 Auditor’s Certificate on Corporate Governance 90 Independent Auditor’s Report 91 Balance Sheet 102 Statement of Profit and Loss 103 Cash Flow Statement 104 Statement of Changes in Equity 106 Notes to Financial Statements 108 MunJal Showa liMited AnnuAl RepoRt 2025-26 From the desk of Chairman & Managing Director Dear Stakeholders, Every enterprise is tested not by the years when growth efforts the Company has undertaken in building a more comes easily, but by how it responds when conditions efficient, resilient and future-ready organisation. turn demanding. FY 2025–26 was such a year for Munjal Reflecting our confidence in the Company’s underlying Showa. We delivered steady revenue growth and continued fundamentals and long-term prospects, your Board has to invest in strengthening the capabilities that will recommended a dividend of ` 4.50 per equity share, support the Company’s long-term competitiveness. These maintaining the same level as the previous year. investments—across manufacturing, engineering, and Strengthening the Core digital infrastructure—reflect our belief that enduring value The strength of Munjal Showa has always been built on is created by building a stronger business, not simply by disciplined execution and manufacturing excellence. delivering short-term results. We have further strengthened our presence in the premium Our Performance motorcycle segment while enhancing our manufacturing Revenue from operations for the year grew 5.2% to capabilities through lean manufacturing, Total Productive ` 1,315.42 crore, compared with ` 1,250.45 crore in the Maintenance (TPM) principles, in-house automation, previous year. While the combined impact of input-cost and continuous process improvement. This reflects our volatility, fixed cost of technology, and investments made philosophy of developing robust, practical, and low-cost during the year to strengthen our digital infrastructure automation solutions that improve productivity, simplify affected profitability in the short term, they represent the maintenance and support sustainable cost competitiveness. MunJal Showa liMited AnnuAl RepoRt 2025-26 The successful transition from SAP ECC to SAP S/4HANA capabilities, manufacturing discipline, and the ability to during the year marked an important milestone in our develop differentiated products for changing customer digital transformation journey, strengthening process requirements. integration, operational visibility and data-driven decision- Engineering Ahead making while providing a scalable foundation for future As we look ahead, we remain focused on the capabilities growth. that will define Munjal Showa’s competitiveness in the Building Future Capabilities years ahead. We will continue to strengthen our operational Alongside operational excellence, we continued to excellence, deepen our engineering capabilities, continued strengthen our engineering capabilities through our digitalisation and disciplined investment in product strategic technology collaborations with Astemo (Japan), development that supports the evolving needs of the Soben (France) and TFX Suspension (Netherlands). These automotive industry. partnerships expand our access to advanced premium By remaining focused on these fundamentals, we are suspension technologies and enhance our ability to offer positioning Munjal Showa to respond to changing customer differentiated solutions to Indian OEMs as demand shifts expectations, strengthen our competitive position and towards EVs and premium vehicle platforms. create sustainable long-term value. While the collaborations with Soben and TFX are still at Sustainability an early stage and have yet to translate into commercial Sustainability remains an important part of our long-term supplies, they provide an important platform for capability approach to building the business. We continue to invest in development in a segment that has historically been [Showing first 8,000 characters — download PDF for full document]