Shareholders meeting

JULY 20, 2026 To, To, The Managing Director The General Manager National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1 Department of Corporate Services G-Block, Bandra-Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (E), Mumbai – 400051 Dalal Street, Mumbai - 400001 NSE Symb ol-SIRCA BSE Scrip Code:543686 SUB: ANNUAL REPORT OF THE COMPANY FOR THE FINANCIAL YEAR 2025-26 ALONG WITH NOTICE OF THE TWENTYFIRST ANNUAL GENERAL MEETING Dear Sir/Ma’am, Pursuant to the provisions of Regulation 34(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended from time to time), please find enclosed herewith the copy of the Annual Report for the Financial Year 2025-26 along with Notice of the Twenty-first Annual General Meeting (“AGM”) scheduled on Tuesday, August 11, 2026 at 12:30 P.M. (IST) through Video Conferencing (“VC”)/ Other Audio-Visual Means (“OAVM”). Further, the aforesaid Annual Report along with Notice of the AGM has also been uploaded on the website of the Company at: www.sircapaints.com AGM Details as mentioned below: E-voting Details Particulars Details Time and date of AGM TUESDAY, AUGUST 11, 2026 AT 12:30 P.M. IST Mode VIDEO CONFERENCE AND OTHER AUDIO-VISUAL MEANS Cut-off date for e-voting 04TH AUGUST, 2026 Record date 31ST AUGUST, 2026 E-voting start time and date AUGUST 6, 2026 AT 09:00 A.M. IST E-voting end time and date AUGUST 10, 2026 AT 05:00 P.M. IST Kindly take the same on record. Thanking you, Yours faithfully, For Sirca Paints India Limited Hira Kumar Company Secretary & Compliance Officer Encl: As above SIRCA PAINTS INDIA LIMITED ANNUAL REPORT 2025-26 CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS PG. CORPORATE PG. FINANCIAL OVERVIEW STATEMENTS 1 182 3 Corporate Information 182 Standalone Independent Auditor’s Report 10 Company Overview & Key Highlights 214 Standalone Balance Sheet 12 Chairman & Managing Director’s Message 215 Standalone Statement of Profit and Loss 14 About Us 216 Standalone Cash Flow Statement 16 Our Journey 20 Brand & Product Portfolio 22 Key Product Attributes 23 Business Model & Operations 25 Manufacturing Excellence & Network 28 Wembley & Welcome Acquisitions PG. FINANCIAL 32 Events and Exhibitions 36 Management Discussion and STATEMENTS Analysis 262 217 Standalone Notes to Financial Statements Risk Management Consolidated 250 Consolidated Independent Framework Cash Flow Auditor’s Report Statement 260 Consolidated Balance Sheet 261 Consolidated Statement of Profit and Loss 263 Consolidated Notes to Financial Statements What’s inside STATUTORY 44 REPORTS 44 Notice of AGM 46 Notes to Notice 65 Director’s Report 85 Report on Corporate Governance www.sircapaints.com Business 123 Form AOC-1 Responsibility 125 FORM NO. MR-3 & Sustainability To read or download this report, 129 Annexure to the Secretarial Audit Report or for any other information Report 177 Form AOC-2 Scan this code to check the report on your hand-held screen SSIIRRCCAA PPAAIINNTTSS IINNDDIIAA LLIIMMIITTEEDD AANNNNUUAALL RREEPPOORRTT 22002255--2266 CCOORRPPOORRAATTEE OOVVEERRVVIIEEWW SSTTAATTUUTTOORRYY RREEPPOORRTTSS FFIINNAANNCCIIAALL SSTTAATTEEMMEENNTTSS Directors Committee Chairperson Members Mr. Sanjay Agarwal Mr. Aman Arora Mrs. Anu Chauhan | Mr. Sanjay Kapoor Audit Committee (Chairman & Managing Director) (Chairperson) | Mr. Shyam Lal Goyal Mr. Apoorv Agarwal Nomination & Mrs. Anu Chauhan Mr. Sanjay Kapoor | Mr. Aman Arora (Joint Managing Director) Remuneration Committee (Chairperson) Mr. Gurjit Singh Bains Stakeholders Mr. Aman Arora Mrs. Anu Chauhan | Mr. Sanjay Kapoor (Non-Executive Director) Relationship Committee (Chairperson) Mr. Guido Scappini Corporate Social Mr. Sanjay Agarwal Mrs. Anu Chauhan | Mr. Apoorv Agarwal (Non-Executive Director) Responsibility Committee (Chairperson) Mr. Sanjay Kapoor Mrs. Anu Chauhan Mr. Aman Arora | Mr. Shyam Lal Goyal Risk Management (Non-Executive Independent Director) (Chairperson) Committee Mr. Aman Arora (Non-Executive Independent Director) Mrs. Anu Chauhan Role Name / Firm Address / Contact (Non-Executive Independent Director) M/s Rajesh Kukreja & 211, LSC Pocket-B, Ashok Vihar Phase-III, Delhi – Statutory Auditor Associates 110052 | ca.rk@hotmail.com | +91-9999680099 Mr. Shyam Lal Goyal (Non-Executive Independent Director) B-34, Bijli Apartments, Gujranwala Town, GT Kar- M/s S Mahajan Internal Auditor nal Road, Delhi – 110009 | ca.smahajan@gmail. & Co. com | +91-9810902025 C-26, Lawrence Road, Keshav Puram, Delhi – M/s Pravesh Kumar Secretarial Auditor 110035 | cspravesh@gmail.com | & Associates +91-8802695515 Key Managerial Personnel Address: 1/44, 1st Floor, Gurudwara Road, Lalita Cost Auditor PAN & Associates Park, Laxmi Nagar, Delhi -110092 Mrs. Shallu Arora E-mail: info@panllp.com | PH: +91-9654409463 (Chief Financial Officer) Selenium Tower-B, Plot No 31 & 32, Gachibowli,- Registrar & Share KFin Financial District, Nanakramguda, Serilingampally, Transfer Agent Technologies Limited Mr. Hira Kumar Hyderabad – 500032, Telangana (Company Secretary & Compliance Officer Netaji Subhash Place Branch, 1st Floor, Plot No. Banker ICICI Bank C9, Pearl Best Height II, New Delhi – 110034 Elegance Sirca Paints India Limited Registered Office G-82, Kirti Nagar, New Delhi – 110015 CIN: L24219DL2006PLC145092 Engineered. +91 11-42083083 Email: info@sircapaints.com Website: www.sircapaints.com SIRCA PAINTS INDIA LIMITED ANNUAL REPORT 2025-26 CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS Beyond The Surface At Sirca, we believe every surface holds untapped potential. Our coatings go far beyond color — they protect, preserve, and perfect. From the finest wood grain to bold architectural facades, we cover it all. Decades of Italian craftsmanship refined for India’s diverse landscape. Because true beauty is not just seen — it is built to last. SIRCA PAINTS INDIA LIMITED ANNUAL REPORT 2025-26 CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS Year at a Glance A Year of Expansion, Integration, and A New Horizon Emerges Accelerated Growth FY26 marked the emergence of Sirca as a comprehensive FY 2025-26 marked a defining chapter in Sirca Paints India Limited’s multi-brand coatings platform serving every major customer growth journey as the Company successfully translated its acquisition- segment—from ultra-luxury architectural finishes to Mass- led strategy into accelerated business performance. The integration Market coating solutions. With the successful integration of the Wembley and Welcome brands strengthened Sirca’s position of Wembley and Welcome, the launch of Valentino, and across the entire coatings value chain, enabling the Company to serve ongoing technology transfer initiatives from Italy, Sirca customers from economy to luxury segments through a diversified expanded both its market relevance and competitive multi-brand portfolio. advantage. The operationalization of the dedicated Wembley manufacturing The Company strengthened its position as one of India’s facility enhanced production capabilities, improved supply-chain leading premium wood coatings players while laying efficiencies, and unlocked significant cross-distribution synergies. the foundation for future growth in acrylic, polyester, Simultaneously, the launch of Valentino expanded Sirca’s presence waterborne, and specialty coating technologies. This in the fast-growing mass-premium polyurethane coatings segment, transformation signals the beginning of a new era where bridging the gap between premium and mid-market offerings. scale, innovation, and market reach converge to create long-term stakeholder value. Supported by deeper penetration across Tier-2 and Tier-3 markets, an expanding dealer network, and stronger OEM relationships, Sirca delivered revenue growth of 31.79%, reaching ₹492.48 crore during FY26, significantly outperforming broader industry growth trends. A Heritage of Quality and Trust The Path Fo [Showing first 8,000 characters — download PDF for full document]