Outcome of 34th AGM

IMIL/SE/33AGM/OC/0826 August 07, 2026 By Online Submission BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, 5th Floor ,Plot No.C/1, 1st Floor, New Trading Ring, G-Block, Bandra Kurla Complex, Bandra (East), Rotunda Building, P J Towers, M umbai 400 051 Dalal Street, Fort, Email [cmlist@nse.co.in] Mumbai 400 001 Stock Code : IGARASHI Email [corp.relations@bseindia.com] Stock Code : 517380 Kind Attn: Compliance Dept Dear Sir/Madam, Subject: Outcome of 34th Annual General Meeting –reg. Ref: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; Letter No. IMIL/SE/AR26/0726 dated July 13, 2026 Further to our letter dated above, the 34th Annual General Meeting (“AGM”) of the Company was held on Friday, August 07, 2026 started at 10:00 A.M (IST) and concluded at 11:25 A.M (IST) (including time allowed for e-voting at AGM) through Video Conference (VC) / Other Audio Visual Means (OAVM) and considered the following business which was mentioned in our AGM notice dated May 21, 2026. Item No. Particulars Nature of Resolution Ordinary Business 1 To receive, consider and adopt the Audited Financial Statements for the financial Ordinary Resolution year ended March 31, 2026, and the Reports of the Board of Directors’ and Auditor’s Report thereon 2 Approval for payment of final Dividend of Rs. 1.30/- per Equity Share of the face Ordinary Resolution value of Rs. 10 each fully paid-up, for the financial year ended March 31, 2026 3 Appointment of Mr. Haruo Igarashi, [DIN 08587832], who retires by rotation and Ordinary Resolution being eligible, seeks re-appointment Special Business 4 Approval for Material Related Party Transactions with Igarashi Electric Works Ordinary Resolution Limited, Japan – operational transaction 5 Approval of Remuneration to Related Party holding Office or Place of Profit Ordinary Resolution 6 Ratification of remuneration payable to M/s. B Y & Associates, Cost Auditors of the Ordinary Resolution Company for the Financial Year 2026-27 IGARASHI MOTORS INDIA LIMITED Reg. Off & Plant 1: Plot B12 to B15, Phase II, MEPZ-SEZ, Tambaram, Chennai- 600 045, India CIN : L29142TN1992PLC021997, e-mail: investorservices@igarashimotors.co.in, Website: www.igarashimotors.com Tell: +91-44-42298199/22628199 We are enclosing the Annual Report for the FY 2025-26, which was reviewed by the Members at the Annual General Meeting. Kindly take the above information on your records. Thanking you, Yours truly, For Igarashi Motors India Limited P Dinakara Babu Company Secretary & Compliance Officer Encl: As stated above IGARASHI MOTORS INDIA LIMITED Reg. Off & Plant 1: Plot B12 to B15, Phase II, MEPZ-SEZ, Tambaram, Chennai- 600 045, India CIN : L29142TN1992PLC021997, e-mail: investorservices@igarashimotors.co.in, Website: www.igarashimotors.com Tell: +91-44-42298199/22628199 34TH ANNUAL REPORT 2025-26 GROUNDED IN STRENGTH. GEARED FOR TOMORROW. stnetnoC CORPORATE OVERVIEW 02 04 GROUNDED IN STRENGTH. FY 2025-26 GEARED FOR TOMORROW. HIGHLIGHTS 06 14 ABOUT IMIL MESSAGE FROM HEMANT M NERURKAR, CHAIRMAN 18 20 MESSAGE FROM KEY FINANCIAL KEIICHI IGARASHI, HIGHLIGHTS PRESIDENT IGARASHI GROUP 21 29 ENVIRONMENTAL, SOCIAL CORPORATE AND GOVERNANCE INFORMATION Forward-looking Statement The information and opinions contained in this document do not constitute an offer to buy any of Igarashi Motors India Ltd.’s securities, businesses, products, or services. The document might contain forward-looking statements qualified by words such as ‘expect’, ‘plan’, ‘estimate’, ‘believe’, ‘project’, ‘intends’, ‘exploit’, and ‘anticipates’, that we believe to be true at the time of preparation of the document. The actual events may differ from those anticipated in these statements because of risk, and uncertainty of the validity of our assumptions. Igarashi Motors India Ltd. does not take on any obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. STATUTORY REPORTS 30 47 MANAGEMENT DISCUSSION NOTICE AND ANALYSIS (MD&A) 70 88 DIRECTORS’ REPORT BUSINESS RESPONSIBILITY & SUSTAINABILITY REPORT 124 140 CORPORATE GOVERNANCE SECRETARIAL AUDIT REPORT REPORT FINANCIAL 34TH ANNUA2L0 R2E5P-O2R6T STATEMENTS GROUNDED IN STRENGTH. GEARED FOR 148 Independent Auditor’s Report TOMORROW. 158 Balance Sheet 160 Statement of Profit and Loss 161 Statement of Cash Flows 163 Statement of Changes in Equity 165 Notes forming part of the Financial Statements For more details, please visit: https://www.igarashimotors.com GROUNDED IN STRENGTH. GEARED FOR TOMORROW. ROOTED IN THREE DECADES OF INNOVATION, PRECISION ENGINEERING AND MANUFACTURING EXCELLENCE, IGARASHI INDIA HAS BUILT A STRONG AND DIVERSIFIED. DELIVERING INTERNATIONALLY BENCHMARKED TECH-NEUTRAL SOLUTIONS, FROM ACTUATOR MOTORS POWERING CRITICAL AUTOMOTIVE SYSTEMS TO ENERGY-EFFICIENT BLDC SOLUTIONS, WE CONTINUE TO STRENGTHEN OUR CAPABILITIES, DRIVING RESPONSIBLE GROWTH AND EXPANDING OUR PRESENCE ACROSS DOMESTIC AND GLOBAL MARKETS. In a year marked by global uncertainty and operational excellence and enhancing customer industry transition towards hybrid technology , satisfaction, solidifying our position as a trusted we stayed focused and disciplined, delivering player in the ecosystem. steady progress while realigning our strategic positioning, enduring stakeholder value and In the dynamic automotive sector, IMIL continued achieving moderate revenue growth supported to broaden its application portfolio in response to by strong customer demand and disciplined cost evolving customer needs across global markets. management. Long-term customer relationships Our journey began with Electronic Throttle and deep manufacturing expertise sustained Control (ETC) within Engine Air Management our competitive positioning even as we pursued (EAM), and has since expanded steadily into new product opportunities and expanded our EGR, WGA, VTG, CCV, and ETV applications for export footprint. two-wheeler platforms. In parallel, we extended our reach well beyond EAM stepping into During the year, we strengthened our OEM safety-critical applications including EPB, PLA, relationships, expanded manufacturing efficiency, GBA and ABS, as well as Body applications such enhanced supply chain resilience and invested as TOCD, Seat, and HRA, reflecting the growing in technology and product development, driving complexity and ambition of our product offering. Our entry into the Korean market stands as a By Segment landmark achievement, adding meaningful depth to our international presence. The sustained growth of In Value (` in Lakhs) our Seat Sub-assembly and EPB Actuator businesses has allowed us to build trusted partnerships with Korean domestic Tier-1 suppliers alongside global automotive leaders. To support this momentum, we further strengthened our manufacturing capabilities for safety applications ensuring agility and precision in meeting the fast-changing demands of global Tier-1 customers and OEMs. These efforts collectively drove our domestic automotive revenue share to 31%, cementing our position as a partner of choice across key automotive corridors. Automotive 76,178 In the Non-Automotive segment, IMIL pressed ahead Non-Automotive 10,413 with its strategy of diversification, actively identifying and pursuing high-potential opportunities beyond traditional boundaries. In the Fast-Moving Electrical Revenue Share (%) Goods (FMEG) space, growth was anchored by rising demand for Brushless DC (BLDC) Motors and Driver Electronics (ESDM) – technologies that sit at the heart of today’s energy-efficient consumer appliances. Even as the BLDC Ceiling Fan Motor (CFM) market experienced measured growth, we held firm to our position by nurturing existing customer relationships and onboarding new ones. Our pipeline continues to widen, with active exploration underway in TPW Fans and a range of other BLDC solutions including automotive. [Showing first 8,000 characters — download PDF for full document]