BSEOthers3d ago · 17 Aug 2026, 04:19 pm
Pursuant to Regulation 34 of the SEBI (Listing obligations And Disclosure Requirements) Regulations, 2015, please find enclosed the Annual Report of the Company for the Financial Year 2025-2026
Aztec Fluids & Machinery Ltd · 544177
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Aztec Fluids & Machinery Ltd has released its Annual Report for the Financial Year 2025-2026, as per SEBI (Listing obligations And Disclosure Requirements) Regulations, 2015.
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Aztec Fluids & Machinery Ltd - 544177 - Reg. 34 (1) Annual Report.
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Date:17.08.2026
The BSE Limited
Ground Floor, PJ Towers,
Dalal Street, Mumbai-400 001
Scrip Code: 544177, Script ID: AZTEC
Dear Sir/Madam,
Subject: Annual Report of the company for the Financial Year 2025-2026.
Dear Sir / Madam,
Pursuant to Regulation 34 of the SEBI (Listing obligations And Disclosure Requirements) Regulations,
2015, please find enclosed the Annual Report of the Company for the Financial Year 2025-2026.
Pursuant to circulars issued by the Ministry of corporate Affairs and Securities and Exchange Board of
India, the Annual Report for Financial Year 2025-2026 has been sent electronically to all the members
of the Company whose email addresses were registered with the company / Depository participants on
17th August, 2026.
Further, in accordance with Regulation 36(1)(b) of the SEBI Listing Regulations, the Company has also
sent a letter containing the web-link along with the path to access the Annual Report 2025-2026
(including the Notice) to the Members whose email addresses were not registered with the
Company/RTA/Depository Participant(s) on 17th August, 2026. Those members whose Email Addresses
are not registered with the Company can access the Notice and Annual Report through Weblink
provided in Weblink Intimation.
This is for your information and records.
Thanking You,
Yours Faithfully,
FOR, AZTEC FLUIDS & MACHINERY LIMITED
PULIN VAIDHYA
MANAGING DIRECTOR
DIN: 03012651
Encl: As above
Aztec Fluids & Machinery Ltd.
(A CRISIL rated company) ISO Certified (9001 :2015) CIN No.: L241 00GJ201 0PLC060446
GSTIN No.: 24AAICA4428R1Z9 PAN No.: AAICA4428R
REGO. OFFICE: 5th Floor/ Top Floor, Takshashila Square, Krishnabag Cross Road, Opp. Sankalp Restaurant, Maninagar Ahmedabad -
380008.
Gujarat, INDIA Phone: 6356563211
FACTORY CORPORATE OFFICE: Survey No.252, 333 opp. Krishna Coil Cutter, Kanera, Kheda Gujarat 387540
Phone: +91 9227443211- +91 9099963211 I Email: info@aztecfluids.com I Visit us at www.aztecfluids.com, www.aztecindia.org
Engineering
Advanced
Coding
Solutions
Annual Report 2025-26
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About the Report
Every manufacturing revolution relies on precision. Founded to redefine
industrial coding, marking, and traceability, Aztec Fluids & Machinery Limited
has evolved into one of India’s leading integrated solution providers. Moving
beyond standard equipment sales, the company combines advanced hardware,
proprietary consumables, software integration, and comprehensive after-sales
support to serve thousands of installations across pharmaceuticals, food &
beverages, FMCG, extrusion, and industrial manufacturing.
The strategic integration of Jet Inks Private Limited significantly expanded market reach, strengthened backward
integration in consumables, and generated operational synergies that drive revenue growth and margin expansion. As
manufacturing transitions toward Industry 4.0, Aztec is heavily investing in technology ownership, digital transformation,
and next-generation printhead technologies to develop indigenous solutions and reduce external supply chain
dependencies.
Anchored by a healthy order pipeline, growing recurring revenues from consumables and services, and expanding
opportunities in regulated industries, Aztec continues to strengthen its long-term competitiveness. Driven by India’s
increasing focus on product authentication, traceability, and manufacturing formalization, the company remains
committed to helping clients boost productivity, ensure compliance, and enhance operational efficiency
11 AAZZTTEECC AZTEC 2
Corporate Overview Statutory Reports Financial Statements Corporate Overview Statutory Reports Financial Statements
TABLE OF CONTENTS
Company Overview 3
Key Business Metrics 4
Company at a Glance 5
Message from Chairman 6
Message from CFO 9
Milestones that shaped Aztec 16
Aztec’s Business Model 17
Technology-Led Organization 21
Industries We Serve 23
Product Portfolio 25
Manufacturing & Infrastructure 27
Our Clients 29
Awards, Recognitions and Certifications 30
Market Presence 32
Jet Inks Private Limited 35
The Aztec Advantage 38
Sustainability, ESG & Governance 39
Embracing Clean Energy For a Greener Tomorrow 41
FY26 Financial Snapshot 42
Board of Directors 43
Management Of Aztec 46
Team Building Offsite 48
Industry Landscape & Market outlook 50
Statutory Reports
Notice
Board’s Report
Management Discussion and Analysis
Financial Statements
Standalone Financials 109
Consolidated Financials 159
1 AZTEC AZTEC 2
Corporate Overview Statutory Reports Financial Statements Corporate Overview Statutory Reports Financial Statements
Company Overview
Aztec Fluids & Machinery Limited is an integrated support critical applications ranging from
industrial technology company providing batch coding and expiry printing to full product
coding, marking, serialization, and track & trace authentication and complete traceability
solutions. Its end-to-end offerings combine systems.
industrial printers, specialized consumables, A key strength is its integrated business model:
inks, software, automation, and after-sales combining equipment manufacturing with
service to help manufacturers improve product proprietary consumables, software, and technical
identification, regulatory compliance, traceability, support. This approach drives meaningful
and operational efficiency. Information on recurring revenues from consumables and
its offerings is available via its website and services, supporting margin stability and
corporate disclosures. long-term customer engagement. Aztec
Headquartered with manufacturing facilities in continues to enhance its technology through
Gujarat and an expanding nationwide service R&D, manufacturing infrastructure, and product
network, Aztec serves diverse sectors including innovation, focusing on backward integration,
pharmaceuticals, food & beverages, FMCG, localization, and technology ownership to build
extrusion, packaging, chemicals, agrochemicals, supply chain resilience and expand indigenous
and industrial manufacturing. Its solutions capabilities.
3 AZTEC AZTEC 4
Corporate Overview Statutory Reports Financial Statements Corporate Overview Statutory Reports Financial Statements
Key Business Metrics
Corporate Office
Established 2010
Ahmedabad, Gujarat, India
Industry Legacy 15+ Years
Manufacturing Facility
Kanera, Kheda, Gujarat
Installed Printer Base 8,000+
Listed On
BSE SME (Since May 2024)
Industrial Printers
1,500+
Sold (FY26)
Export Presence
East Africa with expanding Industries Served 15+
global footprint
Business Presence PAN India
Business Model
Equipment • Consumables • Soft-
Employees 122 Professionals
ware • Services
Core Solutions
Coding • Marking • Serialization •
Track & Trace
Technology Portfolio
CIJ • TIJ • TTO • DOD • PIJ • Laser Coding
Manufacturing Approach
Integrated Manufacturing & Backward
Integration
Wholly Owned Subsidiary
Jet Inks Private Limited
Quality Certification
ISO 9001:2015
ISO 14001 : 2015
ISO 45001 : 2018
3 AZTEC AZTEC 4
Corporate Overview Statutory Reports Financial Statements
Company at a Glance
Aztec Fluids & Machinery Limited is evolving from a coding and marking solutions provider into a
technology-led industrial solutions company, with a growing focus on manufacturing, intellectual property
and digital traceability. With roots in coding consumables, the Company has expanded its capabilities
across printers, inks, fluids, spares, services and integrated traceability solutions, serving industries such
as extrusion, food, pharmaceuticals, FMCG, agriculture, industrial automation and packaging. Its growing
installed base of 8,000+ products across 4,000+ customers provides a foundation for recurring consumables
and service revenues. The acquisition of Jet Inks has further strengthened its ink manufacturing, R&D
capabilities, customer reach and backward integration, while investments in manufacturing inf
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