Annual Report of the company for Financial Year 2025-26.

MAX EARTH RESOURCES LTD. (Formerly known as MAX ALERT SYSTEMS LTD) CIN: L74999MH2004PLC144034 103 Wellington Business Park 1, Andheri, Kurla Road, Jb Nagar, Marol Opp Hindh Swarastra Industrial Estate, Mumbai - 400059, J.B. Nagar, Mumbai, Mumbai, Maharashtra, India, 400059* Tel: 022-26879168 / 022-26879178 August 17, 2026 The Manager - CRD BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400001. Ref.: Scrip Code - 534563 Sub: Annual Report of the company for Financial Year 2025-26. Dear Madam/Sir, Pursuant to Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the Annual Report of the Company for the financial year 2025-26 along with Notice of the 23rd Annual General Meeting of the Company scheduled to be held on Thursday, September 10, 2026, at 12.00 pm. through Video Conferencing / Other Audio Visual Means. The same is also available on the Company's website viz., www.maxearth.in Request you to take the same on record. Thanking You. For MAX EARTH RESOURCES LIMITED (Formerly known as Max Alert Systems Limited) Amit Vengilat (Director) DIN-07544088 A N N U A L R E P O R T 2025-26 stnetnoC Company Information 03 Chairman's Speech 04 Notice of the Annual General Meeting 06 Director’s Report and Annexures 15 Management Discussion & Analysis Report 33 Independent Auditor’s Report 40 Standalone Financial Statements 48 STATUTORY REPORTS FINANCIAL STATEMENTS COMPANY INFORMATION BOARD OF DIRECTORS INTERNAL AUDITORS: KKAB & Co. LLP, Chartered Accountants Mr. Amit Anand Vengilat Managing Director SECRETRIAL AUDITOR M/s. Amruta Giradkar and Associates Mr. Abhilash Kochuparambil Sasi Add: Office No. 820, 8th Floor, Ecstasy Business Park, Executive Director City Of Joy, Mulund West, Mumbai, Maharashtra, 400080 Mrs. Bhakti Manish Visrani REGISTERED OFFICE Non-Executive Independent Director 103 Wellington Business Park 1, Andheri, Kurla Road, Jb Nagar, Marol Opp Hindh Swarastra Industrial Estate, J.B. Nagar, Mumbai, Maharashtra, India, 400059. Mrs. Kinjal Darshit Parkhiya Email ID: info@maxearth.in Non- Executive Independent Director Ph: 7666379471 Mr. Balachandran Nair Sankaran REGISTRAR & SHARE TRANSFER AGENT Non- Executive Independent Director Skyline Financial Services Private Limited Add: D-153A, 01st Floor, Okhla Industrial Area, Phase-1, New Delhi-110020. KEY MANAGERIAL PERSONNEL Tel: 011-26812682/011-26812683 Chief Executive Officer & Whole- Time Director Fax: 011-26812682 Mr. Dinanath Singh Email:info@skylinerta.com/mumbai@skylinerta.com Chief Financial Office BANKERS HDFC Bank Mr. Tayappa Marenna Koli Ahura Branch Andheri East LISTED AT Bombay Stock Exchange Limited STATUTORY AUDITORS: M/s Jain Vinay & Associates (appointed w.e.f August 04, 2025) Max Earth Resources Limited | ANNUAL REPORT 2025-26 Chairman's Message FROM OPERATIONS TO A RESOURCE PLATFORM During the year, we continued our transition towards becoming a more diversified natural resources and infrastructure materials company. Our strategic focus extends beyond mining and crushing operations to resource ownership, mineral development, processing capabilities, and value-added infrastructure materials. We believe this integrated approach will strengthen our competitive position, enhance operational resilience, and create sustainable long-term value for our stakeholders. Our vision is to build a scalable enterprise supported by a strong resource base, efficient processing infrastructure, and disciplined execution. By integrating mineral resources, quarry development, extraction, crushing, screening and market supply, we seek to capture greater value across the entire value chain while reducing dependence on external resource sources wherever commercially viable. Our growth strategy is anchored by tangible operating assets that form the foundation of our infrastructure-materials platform. The Company owns a stone quarry asset spanning approximately 8.47 acres in Jamtara, Jharkhand, which supports our resource base, along with a 200 TPH stone-crushing plant at Khunti, Jharkhand. These assets provide an important operational platform as we continue to strengthen our presence across the mining, processing and infrastructure materials value chain.S DEAR SHAREHOLDERS INDUSTRY OUTLOOK It gives me immense pleasure to present the Annual Report of Max India's mining and infrastructure materials sector continues Earth Resources Limited for FY 2025-26. to benefit from strong structural growth drivers. Sustained investments in highways, railways, industrial corridors, ports, The year under review has been a year of significant progress for logistics infrastructure, manufacturing facilities and urban the Company. As India continues to witness rapid infrastructure development projects are expected to support long-term demand development and industrial expansion, we have remained focused for aggregates, construction materials and mineral resources. on strengthening our operational capabilities, enhancing financial Infrastructure-led development remains a key pillar of India's performance and building a strong foundation for sustainable growth story, creating significant opportunities across the long-term growth. On behalf of the management team, I extend mining ecosystem. my sincere gratitude to our shareholders, customers, business partners, and employees for their continued trust and support. The industry is also benefitting from the policy initiatives aimed at strengthening domestic mineral production, encouraging private PERFORMANCE & PROGRESS sector participation, and promoting the development of strategic and critical minerals. These developments are expected to create FY 2025-26 was marked by strong financial and operational a favourable environment for responsible and growth-oriented performance. Revenue from operations increased from ₹1,458.72 mining companies in the years ahead. lakh in FY 2024-25 to ₹2,329.41 lakh during the year, representing growth of approximately 59 .7%. Profit Before Tax increased Against this backdrop, Max Earth Resources is well positioned from ₹327.39 lakh to ₹557.56 lakh, while Profit After Tax to participate in the evolving opportunities across mining, quarry increased from ₹324.62 lakh to ₹551.80 lakh, reflecting growth development, crushing, processing and infrastructure materials. of approximately 70% over the previous year. Basic Earnings Per Share also registered a significant improvement. These results STRATEGIC INITIATIVES AND GROWTH reflect our continued focus on operational efficiency, disciplined PRIORITIES execution, and value creation. Our growth strategy remains focused on strengthening our mineral Our mining and crushing operations in Jharkhand continued to resource base, enhancing operational efficiency, and evaluating serve as a strong operational foundation, enabling us to maintain attractive opportunities that align with our long-term vision. We reliable supply and strengthen customer relationships while continue to assess quarry development and mineral resource supporting our growth ambitions. opportunities while expanding our processing and value-addition STATUTORY REPORTS FINANCIAL STATEMENTS capabilities. Furthermore, we remain attentive to opportunities in LOOKING AHEAD strategically important mineral segments, including manganese The opportunities before Max Earth Resources remain significant. and other resources that support long-term growth. Supported by a stronger operating platform, improving financial Alongside expansion, we remain committed to maintaining performance and a favourable industry environment, we are well operational discipline through improved working capital positioned to participate in India's long-term infrastructure and management, prudent capital allocation, cost optimisation and industrial growth story. efficient utilisation of assets. We believe sustainable growth is As we move forward, our focus will remain on strengthening create [Showing first 8,000 characters — download PDF for full document]