Submission of Annual Report of the Company for the FY 25-26.

SHRIB AJRANAGL LIANLCIEM ITED RegOdf.f i&cW eo rk:5s 2 1U/rCl,Ia n dusCtormipalUler xlR,aa ,i p4u9r3 2(2C1. IGn.d)i,a Pho:n+ e91-771-4F2a:8x+ 89010-07,7 1-4288001 E-M:as iall es.sbal@gWoeebls:tiw mtwtew. .csobma,l .co.in AddPil.a ocfeB usin:Ke shNs.o 5.2 1/D5h8a,r siwRao-aTVdii,ll dla. -TTeahnsdiwla-,T ilda, Dist-R4a9i3p1(u1Cr6. G.) GOEL CINNo :.L 27103CT1990PLC005964 Date1d7:. 08.2026 BSE L imited, PhirJoezeej eTeobwheorys , DalSatlr Meuemtb,-a 4i0 000 1 ScrCiopd 5e2:6 981 SubS.u:b misosfAi nonnu Raelp oorftt h Ceo mpafonryt hFeY 2 025-26. PL!rtsoRu eagnutl 3a4(t Iio)ofS n E B(IL isOtbilnigg aantDdii osncsl Roesquurier ements) Regulation 201p5l,e fianseden clhoesreedAw nintuhRa elp oorftt hC eo mpafnotyrh FeY 2 025i-n2c6l uding Notciocnev etnh3iet 6n h Ag n nuGaeln eMreaelt( iAnGgMt )ob eh eoldn1 t0hS eptember, 2026. TiAlnen uraelpa olrotwn igNt oht oiftch eAe G M-2i0as2l 6as voa iolnta hbwelee b soiftt hCeeo mpany i.wew.w,. sbaaln.ccdao bn.ea i cnc eassps eetrdhd ee tgaiivlbesen l ow: AnnuRaelp o2r0t2 5-26: InvesFtionras>n> Ac ninauRlaelp> o F1Yi2 025-26 NotiocfAe G Mt o hbeelo dn1 0th Septem2b0e2r6,: InvesNtootrisc>e s/Intima>t Niootnoisfc3/ e6FA onrnmuGsae/lnR eMeretaeultrn tiobn ehg e lodn I0 .09.2026 Yoaur ree quteots attkehedae b oivnef oromnra etcioornd . Thanykoiun g Youfrasi thfully Encl: A/a ▶ BOARD OF DIRECTORS Mr. Narendra Goel Chairman and Director Mr. Anand Goel Managing Director Mr. Archit Goel WTD & CFO Mr. Rakesh Kumar Mehra Independent Director Mr. Anshul Dave Independent Director Mr. Ravindra Singh Rajput Independent Director Ms. Shalini Gaurav Pandey Independent Director Mr. John Cherian Non-Executive Non-Independent Director ▶ CHIEF FINANCIAL OFFICER Mr. Archit Goel ▶ COMPANY SECRETARY Ms. Anshu Dubey ▶ AUDITORS SSSD &Co., Chartered Accountants, Raipur ▶ BANKERS HDFC Bank, Raipur ▶ LEGAL ADVISOR V.K. Munshi & Associates, Raipur ▶ REGISTERED OFFICE 521/C, Urla Industrial Complex, Urla, Raipur- 493221 (C.G.) Phone: 0771-4288000, Fax: 0771-4288001 Website: www.sbal.co.in, Email: cs.sbal@goelgroup.co.in ▶ WORK Steel Division: 521/C, Urla Industrial Complex, Urla, Raipur-493221 (C.G.) Agro Division: Kh. No. 150, Urla Guma Road, Village Borjhara, Raipur- 493221 (C.G.) ▶ REGISTRAR AND SHARE TRANSFER AGENT MUFG INTIME INDIA PRIVATE LIMITED (Formerly known as Link Intime India Private Limited) C-101, 1ST Floor C Tower, 247 Park, L.B.S Marg, Vikhroli (West) Mumbai- 400 083. Tel: +91 8108116767, Toll-free number: 1800 1020 878 E-mail: rnt.helpdesk@in.mpms.mufg.com 36th Annual Report | 2025-26 C O N T E N T S Particulars Page No. Notice to Shareholders 01 Directors’ Report 16 Annexure to Directors’ Report 25 CEO / CFO Certification 38 Report on Corporate Governance 39 Auditor’s Certificate on Corporate Governance 48 Certificate on Non-Disqualifications of Directors Management 49 Management Discussion & Analysis (MD&A) Report 50 Standalone Financial Statements 60-98 Auditor’s Report 60 Balance Sheet 72 Profit & Loss Account 73 Cash Flow Statement 75 Accounting Policies and Notes forming part of Financial Statements 76 Consolidated Financial Statements 99-128 Auditor’s Report 99 Balance Sheet 108 Profit & Loss Account 109 Cash Flow Statement 111 Accounting Policies and Notes forming part of Financial Statements 112 36th Annual Report | 2025-26 Notice is hereby given that the 36th Annual General Meeting (Listing Obligations Disclosure Requirements) Regulations, (AGM) of the members of Shri Bajrang Alliance Limited will 2015 [“SEBI Listing Regulations, 2015”] and other be held through Video Conferencing (“VC”) or Other Audio- applicable provisions of the Companies Act, 2013 read with Visual Means (“OAVM”) on Thursday, 10th September 2026 related Rules made thereunder, and subject to such other at 04:00 p.m. to transact the following business: - approvals, consents, permissions and sanctions as may be necessary, consent of the members be and is hereby accorded ORDINARY BUSINESS for entering into material related party contracts/ arrangements/ transactions with Shri Bajrang Power and 1. To receive, consider, and adopt the Standalone and Ispat Limited, a Promoter Group Company (as detailed in the Consolidated Financial Statements as of 31st March 2026, Explanatory Statement annexed to the Notice) for an including the Audited Balance Sheet, Audited Statement of aggregate value not exceeding Rs.500 Crores (Rupees Five Profit and Loss for the financial year ended on that date, Hundred Crores) only, for a period of 1 year commencing Statement of Cash Flow for the financial year ended on that from April 01, 2026, on such terms and conditions as may be date and the reports of the Board of Directors and Auditors’ agreed between the Company and Shri Bajrang Power and thereon. Ispat Limited, provided that such transactions shall be undertaken on an arm’s length basis and in the ordinary 2. To appoint a Director in place of Mr. John Cherian, Non- course of the company’s business. Executive Non- Independent Director (holding DIN: 10530786) of the Company who retires by rotation and being RESOLVED FURTHER THAT the Board of Directors of eligible, offers himself for re-appointment. the Company be and is hereby authorised to do all such acts, SPECIAL BUSINESS deeds, matters and things as may be necessary, expedient or desirable in connection with or incidental to the aforesaid 3. To consider and if thought fit, to pass with or without resolution, including negotiating, finalising, executing, modification(s), the following resolution as an Ordinary modifying, amending, renewing, ratifying or terminating any Resolution: contracts, arrangements or transactions, making or receiving payments, executing such documents and writings, making Ratification of Remuneration of Cost Auditors of the necessary filings with the appropriate authorities and settling Company for the Year 2026-27: any question, difficulty or doubt that may arise in this regard. “RESOLVED THAT pursuant to the provisions of Section RESOLVED FURTHER THAT the Board of Directors be and 148(3) of the Companies Act, 2013 read with Companies (Cost is hereby authorised to delegate all or any of the powers Records and Audit) Rules, 2014 (including any statutory conferred upon it by or under this resolution to any Committee modification(s) or re-enactment thereof) (“the Act”) and on of Directors, Director(s), Key Managerial Personnel, officer(s) recommendation of the Audit Committee and approval of or authorised representative(s) of the Company, as it may deem Board of Directors at their meeting dated 30.05.2026, the appropriate, for giving effect to this resolution.” consent of the Company be and is hereby accorded for ratification of the remuneration, to M/s. Sanat Joshi & 5. To consider and if thought fit, to pass with or without Associates, Cost Accountants, (FRN No.: 000506), as the Cost modification(s), the following resolution as an Ordinary Auditors of the Company to conduct the audit of cost records Resolution: of the Company for the financial year 2026-2027, be paid the remuneration as set out in the Statement annexed to the Notice Approval of Material Related Party Contracts/ convening this Meeting.” Arrangements/ Transactions with Shri Bajrang Chemical Distillery LLP: 4. To consider and if thought fit, to pass with or without modification(s), the following resolution as an Ordinary “RESOLVED THAT pursuant to the applicable provisions of Resolution: the Companies Act, 2013 and the Rules made thereunder, Approval of Material Related Party Contracts/ Regulation 23(4) and other applicable provisions of the Arrangements/ Transactions with Shri Bajrang Power and Securities and Exchange Board of India (Listing Obligations Ispat Limited: and Disclosure Requirements) Regulations, 2015, including any statutory modification(s), clarification(s), substitution(s) or re- “RESOLVED THAT pursuant to the provisions of enactment(s) thereof for the time being in force, the Company’s Regulation 23 (4) of Securiti [Showing first 8,000 characters — download PDF for full document]