In compliance with Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we are enclosing herewith the Annual Report of the company ....

Duroply Industries Limited 113 Park Street, North Block 4th Floor Kolkata-700016, Ph: (033) 22652274 Ref: 5404/26-27/0022 August 10, 2026 Department of Corporate Services BSE Limited 25th Floor, P.J. Towers, Dalal Street, Fort, Mumbai - 400 001 Scrip Code : BSE : 516003 Sub: Annual Report for Financial Year 2025-26 Dear Sir/Madam, In compliance with Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we are enclosing herewith the Annual Report of the company for the financial year 2025-26 along with the Notice dated May 21, 2026 convening the 69th Annual General Meeting of the Company scheduled to be held on Friday, September 4, 2026 at 11:00 A.M. (IST). The Annual Report is being sent only through electronic mode to those Members whose e-mail addresses are registered with the Company/Registrars and Share Transfer Agent (RTA)/ Depository Participant(s). The Annual Report is available on the website of the Company at https://www.duroply.in/investor This is for your information and records. Thanking you, Yours faithfully, For DUROPLY INDUSTRIES LIMITED [KOMAL DHRUV] Company Secretary Encl: As Above Duroply Industries Limited Annual Report 2025-26 CONTENTS 02 Key Milestone 27 Our Business driver: Manufacturing 04 Duroply. Celebrating 70 years of excellence 29 Our Business driver: Human resource 07 Our personality 31 Building a responsible and future ready organisation 08 This is where we come from 32 Our corporate social responsibility 10 Our product portfolio 33 Our executive leadership team 12 This is where Duroply, is present across India 34 Notice 13 How we have performed across the years 42 Director's Report 14 India's infrastructure push 49 Management Discussion and Analysis 16 Managing Director & CEO message 58 Report on Corporate Governance 20 The Duroply advantage 78 Independent Auditor's Report 22 Our Business driver: Branding 88 Balance Sheet 25 Our Business driver: Sales and marketing 5 principal messages of this Annual Report 1 2 3 In FY 25-26, Duroply The Company implemented The Company engaged completed an extensive enterprise-wide digital a leading distribution internal transformation, tranformation through the consultancy to reimagine spanning digital systems, implementation of SAP-ERP, its go-to-market strategy, sales force architecture, HRMS, CRM, MRP, Field converting brand equity manufacturing efficiency Force Application via an into measurable market and organisational integrated IT strategy, creating share growth. culture. a data-driven, analytics-led operational culture. Disclaimer: This document contains statements about expected future events and financial and operating results of Duroply Industries Limited, which are forward-looking. By their nature, forward- 4 5 looking statements require the Company to make assumptions and are subject to inherent risks and Our focus on plant The Company’s commitment uncertainties. There is a significant risk that the assumptions, predictions and other forward-looking operations deepened, to build a quality business, statements will not prove to be accurate. Readers are cautioned not to place undue reliance on automation was defined by governance, forward-looking statements as a number of factors could cause assumptions, actual future results and accelerated, and a integrity and disciplined events to differ materially from those expressed in the forward-looking statements. Accordingly, this disciplined hybrid growth, reflected in an document is subject to the disclaimer and qualified in its entirety by the assumptions, qualifications manufacturing-cum- upward movement in and risk factors referred to in the management’s discussion and analysis of the Duroply Industries outsourcing model was EBITDA margin and the best Limited Annual Report FY 25-26. reinforced. fourth quarter in years. MILESTONES 1957 1964 Established as Sarda Plywood Stepped into commercial production Industries, laying the foundation for a of plywood legacy of quality and innovation. DUROPLY’S 70 1966 1986 Introduced the Duroply brand, which Listed on BSE as a publicly traded YEAR JOURNEY has since become one of India’s most company trusted names in plywood and wood panel products. For 70 years, DUROPLY has quietly 2018 stood within the story of India. The Company changed its name from Sarda Plywood Industries Limited to Duroply In homes built with hope. Industries Limited, aligning its corporate identity with its flagship Duroply brand and strengthening its market presence. In spaces shaped by ambition. In the hands of those who build, create, craft, and dream. 2021 2023 Duro Plus brand launched, 9’/10’ Introduced Duro Advantage, 9-layer This then is not a story about plywood. plywood, blockboards, doors. protection system It is a story about people. About the quiet role materials, craftsmanship, and trust play in nation building. The people who laid the foundations with care. The people who built trust over generations. The people who continue to shape a stronger, more thoughtful tomorrow. 02 | Duroply Industries Limited Annual Report 2025-26 | 03 DUROPLY. CELEBRATING 70 YEARS OF EXCELLENCE 04 | Duroply Industries Limited Annual Report 2025-26 | 05 PERSONALITY DUROPLY IS MORE THAN JUST A LONG-STANDING PLYWOOD BRAND. THE COMPANY IS TRUSTED FOR ITS ENDURANCE, INNOVATION AND FOR PROVIDING CUSTOMERS WITH A PEACE OF MIND. THROUGH STRATEGIC INITIATIVES, THE COMPANY HAS PROGRESSIVELY DEEPENED ITS COMPETITIVENESS. THESE INITIATIVES HAVE HELPED STRENGTHEN THE BRAND, ENHANCE VISIBILITY, ATTRACT CREDIBLE STAKEHOLDERS AND REINFORCE THE COMPANY’S FOUNDATION FOR MULTI-YEAR BUSINESS SUSTAINABILITY. 06 | Duroply Industries Limited Annual Report 2025-26 | 07 THIS IS OUR PURPOSE: TO ENSURE Background Distribution reach Big numbers as Founded in 1957 as Sarda Plywood The Company’s products are available on March 31, 2026 WHERE WE EVERY HOME IN INDIA HAS Industries, the Company entered business through more than 8,000 retail outlets through tea chest manufacturing across India, reflecting its strong market in Assam before extending to the presence and distribution reach. Its 2,942 COME FROM DURABLE WOODWORK manufacture of plywood. The divestment extensive network of dealers and of the tea business in 2021 liberated distributors spans 26 States and Union the Company to pursue the building of Territories, enabling the Company India’s most respected plywood brand. to serve customers across diverse Number of channel partners Our vision Our promise In December 2018, the Company was geographies, from Jammu to Kochi and renamed Duroply Industries Limited. from Rajkot to Agartala. To be the most admired Duroply uses the best raw materials 15,000+ wood-based company through sourced from across the world. All our innovation and excellence in products are sustainable and promote Leadership 8,000 customer service. healthy living. Mr. Sudeep Chitlangia, Chairman, has steered the Company for over 38 years. Contractors and carpenters network Our mission Our commitment Mr. Akhilesh Chitlangia, Managing Director & CEO, brings 16+ years of We aim to continuously invest We do not use raw materials sourced Duroply retail outlets 8,000+ experience with a focus on distribution, in technology and in Human from the following sources: operations and strategy. across India Capital to bring innovative ƒ Forest subject to unlawful logging and sustainable products for our clients, rapidly grow our practices Quality philosophy Number of Architects and designers Duroply experience centers market share, create profitable ƒ Harvested in breach of customary or High-grade timber sourced from growth in harmony and at the civil rights sustainable global forests. Rigorous Duroply’s flagship Experience Centre 350+ same time play a bigger role in physic-mechanical testing at every stage, in the National Capital Region (2,000 ƒ Harvested in forests where environmental sustainability and strength, stiffness, appearance and [Showing first 8,000 characters — download PDF for full document]