Shareholders meeting

July 20, 2026 To, To, National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex Floor no.25, PJ Towers Bandra (E) Dalal Street Mumbai - 400 051 Mumbai – 400 001 Trading Symbol: “SOLARINDS” Scrip Code: 532725 Through NEAPS Through BSE Listing Center Sub: Integrated Annual Report for the financial year 2025-26 including Notice convening the 31st Annual General Meeting (AGM) and Intimation of Record Date. Dear Sir/Madam, This is to inform you that, pursuant to Regulation 34(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), please find enclosed herewith Integrated Annual Report of the Company for the financial year 2025-26 including the Notice convening 31st Annual General Meeting ("Notice") sent to the members through electronic mode. The AGM of the Company will be held on Tuesday, August 11, 2026 at 11.30 a.m. (IST) through Video Conference ('VC')/Other Audio Visual Means (OAVM). The Secretarial Audit Report of material unlisted subsidiary also forms part of this Annual Report. The Notice of AGM along with the Annual Report for the financial year 2025-26 is also being made available on the website of the Company at www.solargroup.com. Further, to our outcome of the Board Meeting dated May 15, 2026 wherein we had intimated details relating to Book Closure. Please note that the Company has fixed Tuesday, July 28, 2026 as the Record Date for determining entitlement of members to final dividend for the financial year ended March 31, 2026. Payment of dividend will be made on Thursday, August 20, 2026, subject to approval of the members at the ensuing 31st AGM of the Company. This is for your information and records. Thanking you, Yours Truly, For Solar Industries India Limited Khushboo Pasari Company Secretary & Compliance Officer Solar Industries India Limited Annual Report 2025-26 We rise with conviction and a shared vision, strengthened by innovation, resilience and commitment to national progress. We shine through purposeful action, advancing indigenous defence capabilities, enabling landmark infrastructure projects and delivering sustained growth. Every milestone reflects our determination to scale new heights, create lasting values and contribute to a stronger, safer and more self-reliant India. A Landmark in Powering India’s First Indigenous Defence High Speed Train Project Solar Defence and Aerospace Limited became the Solar Industries India Limited is contributing first private-sector company in India to dispatch the to India’s first High-Speed train project Pinaka Enhanced MK -I rockets to the Indian Army, through advanced blasting solutions, superior marking a significant milestone in strengthening the product enabling safe, precise and efficient nation’s indigenous defence capabilities. infrastructure development. Inside the Report Corporate Overview Statutory Reports 06 About Us 94 Management Discussion and Analysis 08 Global Presence 108 Board’s Report 10 Milestones 132 Report on Corporate Governance 12 Year in Action 177 Business Responsibility and 14 Chairman’s Message Sustainability Report 18 MD and CEO’s Message 24 Strategic Growth Drivers 26 Business Model To know more about us in digital Financial Statements 28 Stakeholder Engagement mode, scan this QR code in your 31 Risk Management QR mobile application. 38 Financial Capital 216 Standalone Financial Statements Forward-looking statements 42 Manufactured Capital 294 Consolidated Financial Statements Some information in this report may contain forward-looking statements which include statements 46 Intellectual Capital BSE scrip code: regarding Company’s expected financial position and results of operations, business plans and prospects, 50 Human Capital and are generally identified by forward-looking words such as ‘believe,‘ ‘plan,‘ ‘anticipate,‘ ‘continue,‘ 532725 56 Social and Relationship Capital ‘estimate,‘ ‘expect,‘ ‘may,‘ ‘will‘ or other similar words. Forward-looking statements are dependent on Annual General Meeting assumptions or basis underlying such statements. We have chosen these assumptions or basis in good 60 Natural Capital faith, and we believe that they are reasonable in all material respects. However, we caution that actual 66 Solar’s Path to Sustainable Growth results, performances or achievements could differ materially from those expressed or implied in NSE Trading Symbol: 91 Corporate Information 382 Notice such forward-looking statements. We undertake no obligation to update or revise any forward-looking “SOLARINDS” 93 Board of Directors statement, whether as a result of new information, future events, or otherwise. A National Honour for Visionary Leadership FY26 marked a moment of national This honour acknowledges decades of institution recognition for Solar Industries as our Founder building, a belief in indigenous capability, and a sharp focus on execution. It also marks Solar’s Chairman, Shri Satyanarayan Nuwal, was role in advancing critical technologies and conferred the Padma Shri for his contribution supporting the country’s vision of self-reliance in to trade and industry. defence manufacturing. For us, the recognition is a reminder that From pioneering industrial explosives to building enduring impact is created through conviction, capabilities across defence and aerospace, his persistence, and the courage to pursue journey mirrors the evolution of Solar itself. What opportunities ahead of their time. began as an entrepreneurial ambition has grown into an enterprise contributing to India’s strategic and technological aspirations. Rising on Strong Foundation We rise on the strength of our vision, and we shine through our actions—advancing progress, enabling infrastructure and contributing to a stronger, self-reliant India. Rise & Shine Annual Report 2025-26 Solar Industries India Limited Corporate Overview About Us About Us Our Vision Our Mission Rising Stronger, To emerge as a To provide To forge To contain Shining with excellence global leader in the innovative technology and nurture alliances product and service manufacturing of and services through that are complimentary costs through constant industrial and military Research and to the Company’s global reengineering and explosives and an Development ambitions improvement in all innovative solution business processes Solar Industries India Limited operates at the intersection of manufacturing precision provider with a focus and national responsibility. For over three decades, we have developed products, on safety, quality and To retain To ensure reliability. our responsive, efficient high quality delivery of services technologies and capabilities that support economic progress, infrastructure and effective processes offering exemplary technical, safety, development and strategic self-reliance. We continue to rise through engineering and services to realise administrative and professional excellence, innovation and scale and shine through the value we create for industries, our vision at all times excellence with commitment to environmental safeguards communities and the country. Our Strategic Strengths A Year of Progress Exported the first batch of Nagastra-1 loitering munition Safety, Quality, Global Manufacturing Integrated Value R&D-driven Guided deployed by the Indian Army during Reliability Network Chain Innovation Operation Pinaka Sindoor Rigorous safety and Production presence End-to-end control Developing next- Rockets quality frameworks across multiple across critical operations generation strategic geographies solutions to Armenia, marking Solar’s entry into international precision-guided Acquired munitions supply 223 Governance and Diversified Strong Order Capital acres in MIHAN SEZ, Nagpur, for Compliance Revenue Base Visibility Discipline developing and manufacturing The Company achieved 100% UAVs, robotics platforms and next- Strong oversight and Balanced exposure [Showing first 8,000 characters — download PDF for full document]