GK Energy Limited has informed the Exchange about the Annual Report for the FY 2025-26 and 18th Annual General Meeting Notice.

THE BILLION-DOLLAR GK ENERGY LIMITED Formerly known as B L U E P R I N T GK Energy Private Limited & GK Energy Marketers Private Limited Annual Report 2025-26 TODAY India’s solar story has moved firmly into a season of momentum, as rooftops, farmlands, and rural grids across the country turn toward the sun faster than ever before. Schemes like PM-KUSUM, Magel Tyala Saur Krushi Pump Yojana and PM Surya Ghar Yojana are carrying clean energy into the last mile, into farms in need of reliable power and homes awaiting solar access, precisely where GK Energy has spent nearly two decades building its presence. This is the moment the Company has been engineering for: a nation’s energy transition and GK Energy’s own journey converging on the same horizon. This is the foundation of the Billion-Dollar Blueprint, where today’s execution lays the path to tomorrow’s ambition. VISION & 2030 MISSION $1 Billion Business by 2030 GK Energy targets building a USD 1 billion enterprise anchored across Decentralized Billion-Dollar Renewable Energy, BESS, Utility-Scale, and future-ready RE products with a willingness to invest organically or pursue strategic Blueprint acquisitions where required. India’s Largest A roadmap that connects today’s Decentralized execution strength to tomorrow’s ambition transforming GK Energy’s RE Execution Platform proven scale and capabilities into its GK Energy is committed to maintaining 2030 vision of a $1 billion enterprise, and extending its position as India’s largest and establishing the Company as decentralized renewable energy infrastructure a foundational enabler of India’s execution platform, expanding into new states renewable energy transition. and districts, while continuing to deepen its established presence in existing geographies, and adding new product categories including BESS and hybrid systems. 1 Million Installed Systems by 2030 From 140,000 cumulative systems today to 1 million by 2030, a 7x expansion target underpinned by strong product demand, an established execution platform, and a scalable Low-Capex operating model. Annual Report 2025-26 GK ENERGY LIMITED ANNUAL REPORT 2025–2026 BSE: 544525 | NSE: GKENERGY | CIN: L74900PN2008PLC132926 | ISIN: INE1AG301022 AGM Date: 31st August, 2026 | AGM Mode: Virtual Mode REPORTING PRINCIPLES GK Energy Limited presents its 18th Annual Report for the fiscal year 2025-26, offering a comprehensive overview of our financial and non-financial performance. For the purpose of this report, GK Energy Limited is referred to as, “GK”, “GK Energy”, “the Company”, “we”, “your”, “our” and “us”. Our Annual Report aims to offer both quantitative and qualitative insights into key material aspects, as well as our interactions with stakeholders. REPORTING PERIOD This Annual Report comprehensively assesses the Company’s financial and non-financial achievements during the period from April 01, 2025 to March 31, 2026. In addition to presenting current performance metrics, comparative data spanning the last three to five years has been integrated into the report, offering valuable insights into performance trends over time. RESPONSIBILITY STATEMENT Our Board, in collaboration with management, recognizes the shared responsibility for ensuring the integrity of the information presented in this report. Both the Board and management affirm that the contents of this report are presented in a fair, transparent, and balanced manner. REPORTING SCOPE AND BOUNDARY This company’s financial reports, including the Director’s Report, Management Discussion and Analysis, and Corporate Governance Report, adhere to the Companies Act of 2013, Indian Accounting Standards, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations of 2015. INDEPENDENT ASSURANCE The financial statements' assurance is provided by our statutory auditors as mentioned in the Corporate Information section. Cautionary Statement Regarding Forward-Looking Statement This document contains statements about expected future events and financials of GK Energy Limited, which are forward-looking. By their nature, forward-looking statements require the Company to make assumptions and are subject to inherent risks and uncertainties. There is a significant risk that the assumptions, predictions and other forward-looking statements may not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements as several factors could cause assumptions, actual future results and events to differ materially from those expressed in the forward- looking statements. Accordingly, this document is subject to the disclaimer and qualified in its entirety by the assumptions, qualifications and risk factors referred to in the Management Discussion and Analysis section of this Annual Report. Corporate Overview Statutory Reports Financial Statements Annual Report 2025-26 ACROSS THE PAGES Corporate Overview GK Energy at a Glance 06 Our Journey 08 Chairman and Managing Director’s Message 10 Our Products 12 Value Proposition 16 Financial Performance 18 Business Model 20 Environmental Social Governance 22 Corporate Social Responsibility Initiatives 24 Leadership Team 28 Corporate Information 31 Statutory Reports Notice of AGM 32 Directors’ Report 51 Corporate Governance Report 75 Management Discussion and Analysis 110 Financial Statements Standalone Financials 126 Consolidated Financials 182 Corporate Overview Statutory Reports Financial Statements Annual Report 2025-26 GK ENERGY AT A GLANCE BECOMING INDIA’S MOST TRUSTED RENEWABLE ENERGY BRAND GK Energy stands Since its founding in 2008, the extending across more than 7,500 Company has built a technology- villages. This execution capacity among India's leading driven business model powered by is underpinned by an extensive decentralized renewable flexible sourcing strategies with an network of trained installation energy infrastructure extensive OEM/ODM manufacturing and commissioning partners companies, with a ecosystem, decentralized logistics and supported by dedicated focus on solar-powered capabilities, and one of the warehousing and logistics sector's largest field execution infrastructure spread across agricultural pumping networks. This architecture allows multiple states. systems, rooftop solar GK Energy to deploy renewable systems, and distributed GK Energy's core operations energy systems at scale across span solar-powered agricultural clean energy solutions. rural and distributed markets pumping systems, rooftop solar without the burden of heavy systems, distributed renewable manufacturing capital. infrastructure, and emerging clean To date, the Company has energy solutions, all aligned with installed more than 140,000 India's long-term energy transition decentralized renewable energy and sustainability agenda. systems and commissioned over 617 MW of capacity nationwide, with an operational footprint Corporate Overview Statutory Reports Financial Statements 140,000+ ` 15,325 Mn 140 Days Revenue (Standalone) Debtors Days Systems Installed Reflecting a 40% year-on-year Debtors collection period, growth over FY 2025. consistent with the nature of government-linked project receivables. 7,500+ ` 3,132 Mn 49 Days EBITDA (Standalone) Villages Covered Creditors Days Strong operating profitability Creditor payment cycle with an EBITDA margin of reflecting disciplined 20.4% for FY 2026. payables management and strong supplier relationships. 617+ ` 2,013 Mn MW Capacity Installed 21 Days PAT (Standalone) Reflecting robust bottom-line Inventory Days growth of 51.1% over previous Lean inventory year. management reflecting efficient supply chain and 18 Years asset-light operating model. ` 2,406 Mn Of Experience Surplus Cash Post IPO proceeds, reflecting a strong and net debt-free balance sheet. Annual Report 2025-26 OUR JOURNEY PURSUING THE PROMISE OF GROWTH 2008 Commenced operations in relation to solar water heaters. 2011 Awarded a consultancy assignment for the developm [Showing first 8,000 characters — download PDF for full document]