Annual Report for the Financial Year 2025-26

August 02, 2026 The Manager The Manager The Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited P. J. Towers Exchange Plaza, Bandra Kurla Complex Dalal Street, Mumbai - 400 001 Bandra (East), Mumbai - 400 051 Scrip Code - 544615 Symbol - KSR Dear Sir / Madam, Subject: Annual Report for the financial year 2025-26 of KSR Footwear Limited (“the Company”) in terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Pursuant to Regulation 34 of the Listing Regulations, please find enclosed herewith the Annual Report of the Company for the financial year 2025-26 along with the Notice convening the 3rd (Third) Annual General Meeting (‘AGM’) of the Members of the Company scheduled to be held on Monday, August 24, 2026 at 11:30 a.m. IST through Video Conferencing / Other Audio-Visual Means. The same is also available on the website of the Company at www.ksrfootwear.com. This is for your information and record. Thanking you, Yours faithfully, For KSR Footwear Limited Company Secretary Membership No.: A58192 Encl: As above KSR FOOTWEAR LIMITED ANNUAL REPORT 2025-26 KSR FOOTWEAR LIMITED CORPORATE OFFICE 7TH FLOOR, TOWER C, RDB PRIMARC TECHPARK 08 MAJOR ARTERIAL ROAD BLOCK - AF, NEW TOWN (RAJARHAT), KOLKATA-700156 REGISTERED OFFICE 25/1, 25/2 & 25/3, PANPUR ROAD, MOUZA-MADRAL P.O. NARAYANPUR, P.S. JAGATDAL 24 PARGANAS (N), WEST BENGAL - 743126 compliance@ksrfootwear.com 033 4009 0501 www.ksrfootwear.com KSR FOOTWEAR LIMITED What’s Inside Corporate Information Statutory Reports 02 06 21 Management Discussion Board’s Report on and Analysis Report Corporate Governance ANNUAL REPORT 2025-26 Financial Statements 41 50 51 Independent Standalone Standalone Statement Auditor’s Report Balance Sheet of Profit and Loss 52 53 55 Standalone Statement Standalone Statement Notes to Standalone of Changes in Equity of Cash Flows Financial Statements Notice To view this report online or for any other information please visit https://www.ksrfootwear.com KSR FOOTWEAR LIMITED CORPORATE OFFICE 7TH FLOOR, TOWER C, RDB PRIMARC TECHPARK 08 MAJOR ARTERIAL ROAD BLOCK - AF, NEW TOWN (RAJARHAT), KOLKATA-700156 REGISTERED OFFICE 25/1, 25/2 & 25/3, PANPUR ROAD, MOUZA-MADRAL P.O. NARAYANPUR, P.S. JAGATDAL 24 PARGANAS (N), WEST BENGAL - 743126 compliance@ksrfootwear.com 033 4009 0501 www.ksrfootwear.com Corporate Information Board of Directors Mr. Suman Barman Roy Chairman Mr. Rittick Roy Burman Managing Director Mr. Ritoban Roy Burman Non-Executive Non-Independent Director Mrs. Dhritipriya Raydasgupta Independent Director Mr. Basab Ray Independent Director Mrs. Suman Murarka Independent Director Chief Financial Officer Registrar and Share Transfer Agent Mr. Suvajit Choudhury MUFG Intime India Private Limited [Ceased to be Chief Financial Officer w.e.f. June 30, (Formerly, Link Intime India Private Limited) 2026 (COB)] C -101, Embassy 247, Lal Bahadur Shastri Marg, Company Secretary (Compliance Officer) Vikhroli (West), Ms. Shikha Jindal Mumbai - 400 083 Email: investor.helpdesk@in.mpms.mufg.com Statutory Auditors Website: www.in.mpms.mufg.com M/s. Agarwal & Associates Tel: 022 4918 6000 Chartered Accountants, Kolkata Corporate Office Secretarial Auditors 7th Floor, Tower C, M/s. Arpan Sengupta & Co. RDB Primarc TechPark Company Secretaries, Kolkata 08 Major Arterial Road Block – AF, New Town (Rajarhat), Banker Kolkata -700 156 Union Bank of India West Bengal, India Registered Office / Panpur Factory Board Committees 25/1, 25/2 & 25/3, Panpur Road Audit Committee Mouza – Madral Mrs. Dhritipriya Raydasgupta Chairperson P.O. Narayanpur, P.S.- Jagatdal Mr. Basab Ray Member 24 Parganas (N), Mrs. Suman Murarka Member West Bengal – 743126 Nomination & Remuneration Committee Serampore Factory Mr. Basab Ray Chairman Plot No. 154, 157 & 158 at Delhi Road, Mr. Suman Barman Roy Member Mouza Belumilki, Jl No. 11, Mrs. Dhritipriya Raydasgupta Member P.O. Belumilki, P.S. Serampore, Hooghly, West Bengal – 712223 Stakeholders’ Relationship Committee Mr. Basab Ray Chairman CIN: L46413WB2023PLC264443 Mr. Suman Barman Roy Member Email: compliance@ksrfootwear.com Mr. Rittick Roy Burman Member Website: www.ksrfootwear.com Phone: 033 4009 0501 Annual Report 2025-26 Management Discussion and Analysis Industry Structures and Developments Company Overview The global economy remained resilient in FY 2025- KSR Footwear Limited is engaged in the manufacturing 26 despite heightened geopolitical tensions, evolving and wholesale distribution of footwear products. trade policies and continued supply chain disruptions. Pursuant to the Scheme of Arrangement between Ongoing conflicts in the Middle East, coupled with Khadim India Limited and KSR Footwear Limited, rising trade restrictions and policy uncertainty, weighed the Company’s business comprises the erstwhile on global trade, investment and commodity markets. distribution and manufacturing undertaking of However, stable labour markets, continued fiscal Khadim India Limited, effective from April 01, 2025. As support and technology-led investments, particularly an independent entity, KSR Footwear is strategically in Artificial Intelligence (AI), supported economic positioned to focus on manufacturing excellence, activity, while supply chain diversification and energy distribution-led growth and operational efficiency security measures helped strengthen resilience. while leveraging an established industry presence and extensive product expertise. The global footwear market size was valued at USD The Company provides branded and affordable 476.8 billion in 2025 and is projected to grow from footwear in the Mass footwear category. Our business USD 496.2 billion in 2026 to USD 675.6 billion by 2033, operates through a wide network of distributors at a CAGR of 4.5% from 2026 to 20331. The global catering to lower and middle-income consumers footwear industry is influenced by the increasing in metros and Tier I - III cities, who primarily shop in population and urbanization, which create a demand MBOs. for varied types of footwear, ranging from casual to sports footwear. Health awareness increases the sale The Company’s product portfolio addresses varied of athletic and sports shoes, while fashion trends drive consumer preferences. The Company offers a diversified demand for style and design. Additionally, comfort and portfolio of footwear catering to men, women and customization are still essential factors determining children across multiple categories, including casual, growth, with consumers preferring shoes that express formal, athleisure, school footwear, sandals, slippers individuality and offer ergonomic advantages.2 etc. consists of EVA, basic and premium Hawaai, PVC, PVC DIP, PU and Stuck On products. The Company India remained one of the world’s fastest-growing sells trendy products ranging in price from ₹ 75 to major economies in FY 2025-26, supported by resilient ₹ 999. The Company’s Distribution business follows a domestic consumption, robust public investment and highly scalable model on the front-end with a mix of continued policy reforms. Despite external challenges in-house and contract manufacturing. arising from geopolitical tensions, trade uncertainties and volatile energy prices, the economy demonstrated The Company is having License Agreement with strong resilience, underpinned by a diversified trade Khadim India Limited for using its brand and base and sustained domestic demand. However, at specified sub-brands. The Company manufactures the fag end of FY 2025-26, the gulf conflict has set in and distributes products under the well-established uncertainties as to sourcing and pricing of petroleum Khadim brand and its portfolio of sub-brands namely, based raw materials. Kalypso, Wash n’ Wear, Fliers, FitNxt, Dunford, Pugo each having a targeted end user enabling broad Valued at USD 20.67 billion in 2025, the Indian footwear market coverage across cust [Showing first 8,000 characters — download PDF for full document]