Annual Report FY 2025-26

~ ASTRAL July 31, 2026 To To BSE Limited National Stock Exchange of India Limited P J Towers Exchange Plaza, C-1, Block G Dalal Street Bandra Kurla Complex, Bandra (East) Mumbai – 400001 Mumbai – 400051 Scrip Code: 532830 Trading Symbol: ASTRAL Dear Sir/Madam, Subject: Annual Report – 2026 & Notice of 30th Annual General Meeting With reference to the captioned subject, we inform that 30th Annual General Meeting (“AGM”) of the Company shall be held on Monday, August 24, 2026 at 11:00 a.m. through Video Conferencing (“VC”)/Other Audio-Visual Means (“OAVM”), in accordance with the applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. Pursuant to Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) 2015, We enclose herewith Annual Report for the FY 2025-26 and the Notice of 30th AGM. The said reports are being sent to the shareholders through e-mail and have been uploaded on the “investor relations” section of the website of the Company at: https://www.astralltd.com/investors/report-accounts/. The “cut-off date” for determining eligibility of shareholders for remote e-voting/e- voting at AGM and for attending AGM is fixed as August 17, 2026. The remote e- voting period shall commence from August 21, 2026 (9:00 a.m.) and end on August 23, 2026 (5:00 p.m.). The detailed instruction with regard to the remote e-voting/e- voting at AGM and procedure for attending AGM is provided in the Notice of AGM. Kindly take the same on your record. Thanking you, Yours faithfully, For Astral Limited Chintankumar Patel Company Secretary Membership No.: A29326 Encl.: As above Astral Limited CIN: L25200GJ1996PLC029134 Registered & Corporate Office: 'Astral House', 207/1, Behind Rajpath Club, Off S. G. Highway, Ahmedabad -380 059, Gujarat, India. P: +91 79 6621 2000 I F: +91 79 6621 2121 I E: info@astralltd.com I W: astral ltd.com Growth with Discipline ANNUAL REPORT 2025-26 In this Report Strategic Review Statutory Reports Key Performance Highlights- 02-41 42-118 Consolidated (FY26) REVENUE FROM OPERATIONS 65,686 Message from Whole Time Director and Chief Financial Officer......�12 Business Responsibility & Sustainability Reporting (BRSR)..................��81 FY25 58,324 11,092 EBITDA (₹ IN MN) Growth FY26 11,092 FY25 9,872 with Discipline FY24 9,603 FY23 8,351 Over the years, we have grown responsibly by The annual report is also available online www.astralltd.com consistently expanding our manufacturing network, diversifying our portfolio, deepening our distribution reach, and building brands that customers trust� 5,347 The careful thought behind these decisions and PROFIT AFTER TAX their disciplined execution have well positioned our (₹ IN MN) business for the future� FY26 5,347 FY26 marks an important stage in this evolution� The disciplined FY25 5,189 investments we have made across manufacturing, product development, FY24 5,456 distribution, and brand-building are now translating into stronger market positions and new avenues of growth� While our established businesses FY23 4,595 continue to reinforce Astral's leadership, newer categories are rapidly gaining scale, contributing to a highly balanced and resilient portfolio� This year also reflects a broader ambition� Through Vision 2050, Astral is building capabilities that extend beyond our traditional strengths, Forward Looking Statement creating an integrated building materials platform for the evolving needs of construction, infrastructure, and water management� Targeted This document contains statements about expected future events, financial investments in advanced manufacturing, specialised products, and and operating results of Astral backward integration are driving competitive advancement while Limited, which are forward-looking. preparing the business for the opportunities of the decades ahead� By their nature, forward-looking statements require the Company to Our footprint continues to expand, guided by this same measured make assumptions and are subject to approach� Improved operational performance in the United Kingdom, inherent risks and uncertainties. There growing capabilities in the United States, and the establishment of is a significant risk that the assumptions, predictions, and other forward-looking operations in the UAE demonstrate a highly calculated strategy for statements will not prove to be accurate. building an international business� Across domestic markets, impactful Readers are cautioned not to place consumer campaigns, stronger brand investments, and deeper rural undue reliance on forward looking penetration have enhanced our visibility and reinforced customer statements as a number of factors could confidence across our entire portfolio� cause assumptions, actual future results, and events to differ materially from The journey forward is governed by the exact those expressed in the forward looking statements. Accordingly, this document principles that have shaped Astral from the is subject to the disclaimer and qualified beginning: careful execution, disciplined in its entirety by the assumptions, qualifications, and risk factors referred investment, and a willingness to innovate with to in the management’s discussion and purpose� These principles ensure we grow analysis of Astral Limited’s FY26 Annual consistently, adapt confidently, and create lasting Report. value for all our stakeholders� 02 ASTRAL LIMITED | ANNUAL REPORT 2025-26 GROWTH WITH DISCIPLINE GROWTH WITH DISCIPLINE ANNUAL REPORT 2025-26 | ASTRAL LIMITED 03 ABOUT THE COMPANY Building for Astral manages 21 Vision manufacturing units located in To be a global leader in the building materials India, the United Kingdom, and industry, known for our innovative products, What’s Next the United States, with a total sustainable practices, and commitment to production capacity of 5.97 lakh customer satisfaction. metric tonnes per year. Over Astral Limited, founded in 1996 as a piping solutions business in Indian markets, has the years, Astral has invested in Mission expanded beyond its original business, building capabilities across multiple categories that expanding and decentralising To provide high-quality, innovative building touch every stage of construction and infrastructure lifecycle from pipes and fittings, the its manufacturing footprint, materials that enhance the quality of life for our customers, while ensuring sustainable growth company’s portfolio has grown to include water tanks, adhesive and sealants, construction enabling greater operational and value creation for our stakeholders. chemicals, paints, bathware, specialised valves and infrastructure solutions� efficiency, faster servicing of regional markets and improved supply chain resilience. Values INNOVATION: Continuously pushing the boundaries of Astral’s products reach customers through technology and design to deliver cutting-edge products� one of the most extensive distribution networks in the industry, comprising over QUALITY: Upholding the highest standards of quality in 3,990 distributors and more than 2.7 lakh every product we manufacture� dealers across the country. This strong SUSTAINABILITY: Committed to sustainable practices that market presence is complemented by a protect the environment and benefit the community� growing international footprint, with the products reaching customers in more than INTEGRITY: Conducting business with the utmost integrity 40 countries. and transparency� CUSTOMER FOCUS: Prioritising the needs and satisfaction of our customers in every decision we make� 21 9,500+ 2,70,000+ Manufacturing Employees Dealers Export Units Destinations SPREAD ACROSS INDIA, DEDICATED EXTENSIVE DEALER EXPANDING OUR THE UK, AND THE USA, PROFESSIONALS NETWORK ENSURING GLOBAL FOOTPRINT ENSURING A ROBUST DRIVING INNOVATION WIDE REACH AND AND DELIVERING PRODUCTION CAPACITY. AND EXCELLENCE. AVAILABILITY OF QUALITY PRODUCTS PRODUCTS. WORLDWIDE. 3,990+ 5,97,089 MT Distrib [Showing first 8,000 characters — download PDF for full document]