32nd Annual General Meeting

05th August, 2026 BSE Limited Listing Department Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai – 400 001 Security Code: 531540 Sub: Annual Report for the Financial Year 2025-2026 Dear Sir/Madam, Pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Annual Report of the Company for the financial year 2025-2026 alongwith the Notice of the 32nd Annual General Meeting (AGM) of the company. The Annual Report alongwith the Notice of AGM is also available on the website of the company https://marutiinfra.in/annual-reports/. You are requested to kindly take the same on record. Thanking you, Yours faithfully, For, Maruti Infrastructure Limited Nimesh D Patel Chairman & Managing Director Encl: As above 32 ANNUAL REPORT 2025 - 2026 MARUTI INFRASTRUCTURE LIMITED CIN - L45100GJ1994PLC023742 CORPORATE INFORMATION BOARD OF DIRECTORS Mr. Nimesh D. Patel DIN – 00185400 Chairman & Managing Director Mrs. Hiteshi N. Patel DIN – 01827517 Non Executive Director Mr. Chetan A. Patel DIN – 00185194 Whole Time Director Mr. Ronak A. Mehta DIN – 10525257 Independent Director Mrs. Dipali S. Patel DIN – 08987939 Independent Director Mr. Shrikant N Jhaveri DIN – 02833725 Independent Director (upto 15.03.2026) Mr. Paritosh J. Patel DIN – 00039575 Independent Director (from 30.05.2026) COMPANY SECRETARY & CHIEF FINANCIAL OFFICER COMPLIANCE OFFICER Mr. Alfez Solanki Mr. Pratik Acharya STATUTORY AUDITORS BANKERS M/s. Meet Shah & Associates. Axis Bank Limited Chartered Accountants, The Mehsana Urban Co. Op Bank Ltd. Ahmedabad AUDIT COMMITTEE NOMINATION & REMUNERATION COMMITTEE Ms. Dipali S. Patel - Chairperson Ms. Dipali S. Patel - Chairperson Mr. Nimesh D. Patel - Member Ms. Hiteshi N. Patel - Member Mr. Ronak A. Mehta - Member Mr. Ronak A. Mehta - Member STAKEHOLDERS RELATIONSHIP REGISTRAR & COMMITTEE SHARE TRANSFER AGENT Ms. Dipali S. Patel - Chairperson M/s MUFG Intime India Private Limited Mr. Nimesh D. Patel - Member (Formerly Known as Link Intime India Pvt Ltd) Mr. Ronak A. Mehta - Member 5th Floor, 506 to 508, Amarnath Business Centre – 1 (ABC-1), Beside Gala Business Centre, Nr. St. Xavier’s College Corner, Ahmedabad - 380006. Phone – (079) 2646 5179 Email - ahmedabad@in.mpms.mufg.com Website https://in.mpms.mufg.com/ REGISTERED OFFICE 802, Surmount , Opp. Reliance Mart, Iscon Cross Road S.G. Highway, Ahmedabad-380015 Phone – 079 40093482 Email –maruti_infra@yahoo.com Website -www.marutiinfra.in SECURITY CODE: BSE - 531540 ISIN NUMBER: INE392G01028 32 ANNUAL REPORT 2025 - 2026 INDEX CONTENTS PAGE NO. Notice 03 Directors’ Report 19 Report on Corporate Governance 35 Management Discussion & Analysis Report 50 Auditors’ Certificate on Compliance of Conditions of 54 Corporate Governance Standalone Financial Statement 56 32 ANNUAL REPORT 2025 - 2026 MARUTI INFRASTRUCTURE LIMITED CIN - L45100GJ1994PLC023742 Regd Office: 802, Surmount , Opp. Reliance Mart, Iscon Cross Road S.G. Highway, Ahmedabad-380015 Phone – 079 40093482 Email –maruti_infra@yahoo.com Website -www.marutiinfra.in NOTICE OF ANNUAL GENERAL MEETING NOTICE is hereby given that the THIRTY SECOND ANNUAL GENERAL MEETING of the Members of MARUTI INFRASTRUCTURE LIMITED (CIN - L45100GJ1994PLC023742) will be held on SATURDAY, 29th AUGUST, 2026 at 11:45 a.m. through Video Conferencing/Other Audio Visual Means (VC/OAVM) to transact the following businesses: ORDINARY BUSINESS: 1. To receive, consider and adopt the Annual Audited Financial Statements of the Company for the financial year ended March 31, 2026 along with the notes forming part thereof and the Report of the Directors and the Auditors thereon; 2. To appoint a Director in place of Mr. Nimesh D. Patel (DIN: 00185400) who retires by rotation and being eligible, offers himself for re-appointment; and SPECIAL BUSINESS: 3. Redesignation of Mr. Chetan A. Patel (DIN: 00185194) from Whole Time Director to Non Execu- tive Non Independent Director : To consider and if thought fit, to pass, with or without modification(s), the following resolution as a Special Resolution: “RESOLVED THAT pursuant to the provisions of section 149, 152 of the Companies Act, 2013 and all other applicable provisions, if any, of the Companies Act, 2013 (including any statutory modifica- tion or re-enactment thereof for the time being in force) and the rules made thereunder (including any statutory modification(s) or re-enactment thereof for the time being in force) and the appli- cable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 if any and on request of Mr. Chetan A Patel and pursuant to approval of Nomination and Remunera- tion Committee and Board of Directors of the Company, the Consent of the Members be and is hereby accorded to the change in designation of Mr. Chetan A Patel from Whole Time Director to Non-Executive Non Independent Director of the company, liable to retire by rotation, effective from 1st September, 2026. RESOLVED FURTHER THAT The Board of Directors of the Company, be and is hereby authorised to do all such acts, deeds, matters and things as may be considered necessary, desirable, or expedient to give effect to this resolution.” 4. Appointment of Mr. Paritosh Jitendra Patel (DIN: 00039575), as an Independent Director of the Company: To consider and if thought fit, to pass, with or without modification(s), the following resolution as a Special Resolution: 32 ANNUAL REPORT 2025 - 2026 “RESOLVED THAT pursuant to the provisions of Sections 149, 150, 152 read with Schedule IV and any other applicable provisions of the Companies Act, 2013 and the rules made thereunder (in- cluding any statutory modification(s) or re-enactment thereof for the time being in force) and the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Mr. Paritosh Jitendra Patel (holding DIN: 00039575) who was appointed as an Additional Director in the category of Independent Director of the Company by the Board of Directors with effect from 30th May, 2026 and who holds office until the date of this Annual General Meeting in terms of Section 161 of the Companies Act 2013, in respect of whom Company has received decla- ration that he meets the criteria for independence as provided in Section 149(6) of the Companies Act, 2013 and a Notice in writing from a Member under Section 160 of the Companies Act, 2013 proposing his candidature for the office of Director, be and is hereby appointed as an Independent Director of the Company not liable to retire by rotation for a period of Five consecutive years com- mencing from 30th May, 2026 to 29th May, 2031, as per the approval and recommendation of the Nomination and Remuneration Committee and Board of Directors of the Company. RESOLVED FURTHER THAT The Board of Directors of the Company, be and is hereby authorised to do all such acts, deeds, matters and things as may be considered necessary, desirable, or expedient to give effect to this resolution.” By Order of the Board For, MARUTI INFRASTRUCTURE LIMITED Place: Ahmedabad NIMESH D. PATEL Date: 28th July, 2026 CHAIRMAN & MANAGING DIRCTOR (DIN: 00185400) Registered Office: 802, Surmount, Opp. Reliance Mart, Iscon Cross Road, S. G. Highway, Ahmedabad – 380 015 32 ANNUAL REPORT 2025 - 2026 NOTES: 1. An Explanatory Statement pursuant to Section 102 of the Companies Act, 2013 relating to special business to be transacted at the AGM is annexed hereto. 2. The Ministry of Corporate Affairs (“MCA”) has, vide its General Circular dated September 22, 2025 read together with circulars dated April 8, 2020, April 13, 2020, May 5, 2020, January 13, 2021, December 8, 2021, December 14, 2021, May 5, 2022, December 28, 2022, September 25, 2023 and September 19, 2024 (collectively referred to as “MCA Circulars”), permitted convening the Annual General Meeting (“AGM” / “Meeting”) through Video Conferencing (“VC”) or Other Audio Visual Means (“OAVM”), without physic [Showing first 8,000 characters — download PDF for full document]