Notice convening 41st Annual General Meeting to be held on Monday, August 31, 2026 at 3.00 p.m. IST through video conferencing (VC) /other Audio visual mean(OAVM)

MAIL/SECY/AR/FY-2025-26 August 07, 2026 To, To, The Secretary, BSE Asst. Vice President, Ltd. National Stock Exchange of India Ltd., 25th Floor, Exchange Plaza, Plot C/1, G Block Phiroze Jeejeebhoy Towers, Dalal Bandra-Kurla Complex, Street, Fort, Bandra (E), Mumbai Mumbai – 400 001 – 400 051 Scrip Code - 520059 Symbol - MUNJALAU Sub: Submission of Annual Report for FY 2025-26 including Notice of 41st Annual General Meeting to be held on August 31, 2026 Ref: Regulation 30 & 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir, Pursuant to Regulations 30 & 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith Annual Report for the financial year 2025-26 along with the Notice of 41st Annual General Meeting (AGM). In compliance with circulars issued by the SEBI and the Ministry of Corporate Affairs, the Annual Report and the Notice of AGM are being sent to the shareholders through electronic mode and are also available on the website of the Company at www.munjalauto.com. Further, pursuant to Regulation 36(1)(b) of the SEBI Listing Regulations, the Company has also initiated dispatch of a letter to shareholders whose email IDs are not registered, providing exact path to access the Annual Report. The 41st AGM of the Company will be convened on Monday, August 31, 2026, at 03:00 P.M. through Video Conferencing (“VC”)/ Other Audio-Visual Means (“OAVM”). The members are requested to refer to the Notes annexed to the Notice of AGM to know the detailed procedure for e-voting along with other necessary instructions relevant to the AGM. Kindly take the above on your record and acknowledge the same. Thanking you, Yours faithfully For Munjal Auto Industries Limited Gauri Y. Bapat Company Secretary & Compliance Officer ACS22782 MMMMMUUUUUNNNNNJJJJJAAAAALLLLL AAAAAUUUUUTTTTTOOOOO CORPORATE INFORMATION Munjal Auto Industries Limited CIN: L34100GJ1985PLC007958 BOARD OF DIRECTORS CHAIRMAN AND MANAGING DIRECTOR Mr. Sudhir Kumar Munjal WHOLE TIME DIRECTORS Mrs. Anju Munjal Mr. Anuj Munjal DIRECTORS Ms. Avi Sabavala Mr. Atul Patel Mr. Sunil Vakil Mr. Sameer Khera Mr. Nitin Bachchavat COMPANY SECRETARY Mrs. Gauri Y. Bapat AUDITORS K C Mehta & Co LLP Chartered Accountants Meghdhanush, Race Course, Vadodara - 390007 CONTENTS BANKERS State Bank of India Board’s Report and Annexures 2-23 Axis Bank Limited Corporate Governance Report and Annexures 24-41 HDFC Bank Limited Standalone Financial Statements REGISTERED OFFICE & PLANT I Independent Auditors’ Report 42-51 187, GIDC Industrial Estate, Waghodia - 391760, Dist. Vadodara, Gujarat Balance Sheet 52 Statement of Profit and Loss 53 PLANT II Plot No.37, Sector 5, Phase II, Growth Centre, Statement of changes in equity 54 Bawal - 123501, Dist. Rewari, Haryana Cash Flow Statement 55-56 PLANT III Notes to the Financial Statements 57-100 Plot No.11, Industrial Park - 2, Village: Salempur, Mehdood, Haridwar - 249402, Uttarakhand Consolidated Financial Statements PLANT IV Independent Auditors’ Report 101-107 Plot No.32A, Industrial Area, Balance Sheet 108 Phase II, Dharuhera - 122106, Statement of Profit and Loss 109 PLANT V Statement of changes in equity 110 Plot No. AV 18, Bol Industrial Estate, Sanand 2, Chharodi - 382110, Dist. Ahmedabad, Gujarat Cash Flow Statement 111-112 CORPORATE OFFICE Notes to the Financial Statements 113-159 Unitech Business Zone, 2nd Floor, Salient Features of the Financial Statements Tower C, Nirvana Country, South City - 2, of Subsidiary 160 Sector - 50, Gurugram - 122018 BOARD’S REPORT Dear Members, Your Directors are pleased to present 41st Annual Report together with the audited financial statements for the financial year ended March 31, 2026. 1. THE STATE OF COMPANY’S AFFAIRS: (i) FINANCIAL RESULTS - STANDALONE AND CONSOLIDATED The Company’s financial performance for the year ended March 31, 2026 is summarized below: - Standalone Consolidated Particulars Year ended Year ended Year ended Year ended March 31, March 31, March 31, March 31, 2026 2025 2026 2025 Revenue from operations 1,43,858.04 1,27,052.45 2,29,515.42 2,06,637.20 Other income 2,376.36 1,971.43 3,046.17 3,121.50 Total Income 1,46,234.40 1,29,023.88 2,32,561.58 2,09,758.70 Profit before depreciation, exceptional item and tax 5,338.07 6,023.28 11,954.08 11,740.25 (Less): Depreciation (1,957.35) (2112.13) (6,543.44) (5910.44) Add/(Less): Exceptional item (152.41) 893.51 (1,190.47) Profit before Tax 3,228.31 3,911.15 6,304.15 4,639.34 Add/(Less): Taxation - Current year (1117.05) (1,140.30) (2,342.77) (1775.10) - Earlier years (35.10) (33.66) (48.20) 238.36 - Deferred tax 678.73 333.37 702.29 804.11 Profit after tax 2,754.89 3,070.56 4,615.47 3,906.71 Attributable to: Add /(Less):Non-Controlling Interest - - 595.39 267.57 Shareholders of the Company 2,754.89 3,070.56 4,020.08 3639.14 Opening balance for retained earnings 39,875.16 39,018.61 39,569.62 38,119.32 (Less):Dividend (1,000.00) (1,000.00) (1,000.00) (1,000.00) Closing balance for retained earnings 41,659.34 39,875.16 42,754.70 39,569.62 Earnings per share (in `) 2.75 3.07 4.02 3.64 (ii) STANDALONE FINANCIAL HIGHLIGHTS/SUMMARY (iii) CONSOLIDATED FINANCIAL HIGHLIGHTS/ SUMMARY During FY 2025-26, total income of the Company was ` During FY 2025-26, total income of the Company was ` 1,462 Crores as compared to ` 1,290 Crores in FY 2024- 2,326 Crores as compared to ` 2,098 Crores in FY 2024- 25, showing rise of about 13.33%. 25, showing increase of about 10.87%. Profit before tax and Profit after tax were ` 63.04 Crores and ` 46.15 Crores Profit before tax and Profit after tax were ` 32.28 Crores and respectively for the FY 2025-26 as against ` 46.39 Crores ` 27.54 Crores respectively for the FY 2025-26 as against ` and ` 39.07 Crores respectively in FY 2024-25. 39.11 Crores and ` 30.70 Crores respectively in in FY 2024- 25 which can be mainly attributed to mark to market loss of investment in mutual fund. MMMMMUUUUUNNNNNJJJJJAAAAALLLLL AAAAAUUUUUTTTTTOOOOO 2. PERFORMANCE AND CONTRIBUTION OF SUBSIDIARY Pursuant to the Finance Act, 2020, dividend income is taxable in the hands of the Members w.e.f. April 1, 2020 (i) PERFORMANCE OF SUBSIDIARY and the Company is required to deduct tax at source from Revenue from operations of Indutch Composites dividend paid to the Members at prescribed rates as per Technology Private Limited (ICTPL) was ` 857 Crores in the Income Tax Act, 1961. FY 2025-26 as against ` 796 Crores in FY 2024-25. iii. Book Closure and Record Date Profit before tax and Profit after tax of ICTPL were ` 18.71 The Register of Members and Share Transfer Books of Crore and ` 18.79 Crore respectively during FY 2025-26 the Company will be closed from August 21, 2026, to as against profit of ` 17.39 Crore and ` 8.16 Crore August 31,2026, (both days inclusive) and the Company respectively in FY 2024-25. has fixed August 20, 2026, as the “Record Date” for the (ii) CONSOLIDATED FINANCIAL STATEMENTS purpose of determining the entitlement of Members to (INCLUDING CONTRIBUTION TO OVERALL receive final dividend for the financial year ended March PERFORMANCE OF THE COMPANY) 31, 2026. The consolidated financial statements of the Company are 4. CHANGE IN NATURE OF BUSINESS prepared in accordance with the Indian Accounting During FY 2025-26, there was no change in the nature of Standards (Ind AS) - 110 on Consolidated Financial Company’s business. Statements, Section 129 of the Companies Act, 2013 (“the Act”) read with the Companies (Accounts) Rules, 2014 5. CAPACITY UTILIZATION & PLANT OPERATIONS and Regulation 33 of SEBI (Listing Obligations and During FY 2025-26, your Company focused on optimizing Disclosure Requirements) Regulations 2015 (“the Listing investments and ensuring business continuity to enhance market Regulations”) along with a separate statement containing share across various platforms. the salient features of the financial performance of its subsidiary in the prescribed form. The [Showing first 8,000 characters — download PDF for full document]