Shareholders meeting

PIIL:SEC:NSE/BSE:29:2026-27 July 20, 2026 BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Department Exchange Plaza, Plot No. C/1, G-Block Bandra PJ Towers, 25th Floor, Dalal Street, Kurla Complex, Bandra (East), Mumbai 400 001 Mumbai 400 051 Code No. 523642 Code No. PIIND Dear Sir/Madam, Sub.: Integrated Annual Report for the Financial year 2025-26 and Notice convening the 79th Annual General Meeting of the Company Pursuant to the Regulation 30 and 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith Integrated Annual Report for the financial year 2025-26 and the Notice convening the 79th Annual General Meeting ( AGM ) of the Company, scheduled to be held on Friday, August 14, 2026, at 10:30 a.m. (IST) through Video Conferencing / Other Audio-Visual Means. The Company has fixed Friday, August 7, 2026, as the Record Date for the purpose of determining the entitlement of the Members to receive the final dividend of Rs. 10/- per equity share for the financial year 2025-26, if declared at the AGM. The Notice of the AGM along with the Integrated Annual Report for the financial year 2025-26 is also uploaded on website of the Company, at https://www.piindustries.com/investor/ and on the website of KFin Technologies Limited, Registrar to an Issue & Share Transfer Agent and e-voting service provider at https://evoting.kfintech.com/public/Downloads.aspx. This is for your information and record. Thanking you, Yours faithfully, For PI Industries Limited Shruti Joshi Company Secretary and Compliance Officer Encl: As above Registered Office: Pl Industries Limited Udaisagar Road, Udaipur - 313001, Rajasthan, India. Tel.: 0294 6651100, 2492451 55 I CIN: L24211RJ1946PLC000469 info@piind.com www.piindustries.com Integrated Annual Report 2025-26 Integrated Annual Report 2025-26 Integrated Annual Report 2025-26 Table of Contents Corporate Overview Leading with science, technology and human 4 ingenuity to innovate in life sciences Story behind our new logo 6 Pioneering innovation in life sciences 8 Approach to reporting 10 About PI Industries Limited 12 From Our Leadership Executing PI’s Future outlook 33 Strategic Vision Business strategy 34 Value creation model 36 Sustainability goals and targets 38 Corporate Governance & Leadership at PI Risk Management 47 Integrated Approach to Stakeholder engagement and materiality assessment 54 Sustainable Growth Financial capital 64 Manufactured capital 70 Intellectual capital 76 Social & relationship capital 90 Human capital 107 Natural capital 133 Management Discussion and Analysis Statutory Reports Board’s report 160 Corporate governance report 195 Business responsibility & sustainability report (BRSR) 230 Financial Statements Standalone financial statements 314 Consolidated financial statements 406 Notice 502 Annexures 527 Integrated Annual Report 2025-26 Integrated Annual Report 2025-26 Leading with science, technology and human ingenuity to innovate in life sciences The world is undergoing rapid and structural change and PI is responding with clarity of purpose and agility of execution. Geopolitical realignments, climate pressures and advances in artificial intelligence and biology are redefining the life sciences landscape. In this context, PI enters its 80th year with a clear ambition, to pioneer innovation in life sciences from India to the world. PI’s journey reflects a deliberate, science-led transition from an agrisciences foundation to a globally relevant life sciences enterprise. Built on decades of capability in complex chemistry, process engineering and trusted global partnerships, the Company has evolved into a more integrated, end-to-end operating model. This evolution marks a defining shift, from being a participant in global value chains to becoming an increasingly important originator of innovation, with India at its core and the world as its market. We are pleased to present our Integrated Annual Report for FY 2025-26, marking the fourth edition of PI’s integrated reporting journey and offering a unified account of how PI creates, preserves and shares value across financial, social and environmental dimensions. This report captures the essence of our 80-year journey, driven by curiosity, guided by integrity and propelled by a relentless pursuit of innovation that translates science into real-world impact. AgChem Plant - Jambusar, Gujarat 44 55 Integrated Annual Report 2025-26 Integrated Annual Report 2025-26 The story behind our new logo THE SUN DNA DOUBLE HELIX A source of energy and abundance. It Form inspired by the precision of represents our commitment to solutions a DNA helix. It reflects our agility, that empower ecosystems, protect life discipline and the intelligence that and drive sustainable progress. drives breakthrough science. INTERCONNECTEDNESS DEVANAGARI Script A seamless structure representing Rooted in Indian scientific excellence how chemistry, biology and for global impact. It symbolizes the technology work together in one pride of taking India to the world intelligent system. through innovation that serves life. From plant health to planet health. From India to the crop protection, biologicals and human health. The world. The renewal of the PI identity reflects how far new identity carries this evolution forward with greater the Company has travelled and where it is going next. clarity, confidence and global relevance. It signals not a change in who we are, but a clearer expression of who we have become. The refreshed logo retains the equity of the PI name while presenting the brand in a more modern, unified Over eight decades, PI has built enduring trust through and future-ready form. It reflects PI’s evolution into a science, innovation and consistent performance. What science-led, purpose-driven global enterprise, rooted began with a strong foundation in Agri Sciences has in Indian ingenuity and guided by our purpose of grown into a broader Life Sciences enterprise, spanning Reimagining a Healthier Planet. Integrated Annual Report 2025-26 Integrated Annual Report 2025-26 Pioneering innovation in Life Looking ahead, PI is entering its next phase of growth platforms complemented by deep and enduring with a clear shift towards an innovator mindset. In agri- customer relationships and a strong understanding sciences, the focus is on taking new active ingredients to of global operating environments. Together, these Sciences: from India to the world global markets. In life sciences, the company is building strengths enable the company to participate in and a scaled pharma Contract Research, Development shape global markets. and Manufacturing Organizations (CRDMO) platform, while also expanding into adjacent domains such as As PI continues its journey, it reflects a larger idea, electronic chemicals. This broadening of its scientific science from India creating impact across the world. PI’s journey reflects the emergence of India as a global process expertise, it is now expanding its role as and business canvas creates multiple pathways for The ambition is clear: to move from not only being a innovation hub in life sciences, shaped by scientific a centre for scientific innovation. PI stands at the growth across sectors and geographies. trusted partner in global value chains to becoming depth, execution capability and an increasingly central forefront of this transition, contributing across the one of the most respected innovation-led life sciences role in global value chains. What began as a strong lifecycle of innovation, from molecule discovery and PI’s plans are supported by a strong balance sheet, companies globally. foundation in AgChem has evolved into a broader life process development to commercial-scale delivery. robust technological capabilities and globally integrated sciences enterprise anchored in research, innovation Deep capabilities in complex chemistry, [Showing first 8,000 characters — download PDF for full document]