Annual Report

INDO RAMA IRSL: STEXCH: 2026-27: 17" August 2026 Corporate Listing Department Corporate Relations Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5" Floor, Floor 25, P. J. Towers, Bandra - Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 051. Mumbeai - 400 001. Thru.: NEAPS Thru.: BSE Listing Centre Stock Code NSE: INDORAMA Stock Code BSE: 500207 ISIN: INE156A01020 Sub.: Regulations 30 and 34-Submission of Notice of the 40" Annual General Meeting (“AGM”) and Annual Report of the Company for the financial year 2025-26 Dear Sir/Madam, This is furtherance to our letters dated 29" July 2026 and 11" August 2026, wherein the Company has informed that the 40" AGM of the Company is scheduled to be held on Tuesday, 8" September 2026, at 11:30 AM IST, through VC/OAVM facility. In terms of the requirements of Regulations 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, please find enclosed following documents, for the financial year 2025-26: i) Notice of 40" Annual General Meeting; iy Annual Report 2025-26; iiiy Business Responsibility and Sustainability Report; and iv) Letter to Shareholders, whose email addresses are not registered with the Company/RTA/Depository Participants. Further, in accordance with Regulation 36(1)(b) of the SEBI Listing Regulations, the Company is sending a letter to the Shareholders whose e-mail addresses are not registered with the Company/Registrar and Share Transfer Agent/Depository Participants, providing a web-link from where the Annual Report can be accessed on the website of the Company. The soft copy of the Annual Report of the Company for the financial year 2025-26 along with Notice of 40" AGM is being sent on 17* August 2026, through email to all the Members whose Email IDs are registered with the Company/Depository Participants/RTA. The said Notice and Annual Report are also placed on the Company's website, http://www.indoramaindia.com/annual_reports.php. Page 10f 2 ASHOK YADAV 22 ssisns e INDO RAMA SYNTHETICS (INDIA) LTD. Corporate Office. . Plot No. 53 & 54, Delhi Press Building, Phase-IV, Udyog Vihar, Gurugram- 122015, Haryana, India. Tel : 0124-4997000 Regd. Office & Manufacturing Complex : A-31, MIDC Industrial Area, Butibori, Nagpur - 441122, Maharashtra, India. Tel : 07104-663000 / 01, Fax : 07104-663200 CIN : L17124MH1986PLC166615 + E mail : corp@indorama-ind.com + Website : www.indoramaindia.com INDO RAMA Brief details of the 40" AGM of the Company are as below: Date and Time of AGM Tuesday, 8" September 2026, 11:30 AM IST Video Conferencing (‘VC”") / Mode Other Audio-Visual Means (“OAVM") Cut-off Date for e-Voting Tuesday, 1% September 2026 Wednesday, 2™ September 2026 to Book Closure Tuesday, 8" September 2026 (both days inclusive) Remote e-Voting start date & time Saturday, 5" September 2026, 9:00 AM IST Remote e-Voting end date & time Monday, 7" September 2026, 5:00 PM IST CS Jaya Yadav (FCS 10822, CP 12070), Practicing Details of Scrutinizer Company Secretary, Email D jayayadav@whitespan.in, a member of the Institute of Company Secretaries of India, has been appointed as the Scrutinizer to scrutinize the Remote e-Voting process and casting vote through e-Voting system during the meeting in a fair and transparent manner. e-Voting Website https://www.evoting.nsdl.com You are requested to kindly take the same on record. Yours faithfully, for Indo Rama Synthetics (india) Limited ASHOK YADAV 3ooss Ashok Yadav Company Secretary and Compliance Officer ACS: 14223 Encl.: As above Copy to: 1) National Securities Depository Ltd. 4" Floor, ‘A’ Wing, Trade World, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai-400013 2) Central Depository Services (India) Ltd. 16" Floor, P J Towers Dalal Street, Fort Mumbai - 400 001 3) MCS Share Transfer Agent Limited F-65, First Floor, Okhla Industrial Area, Phase-1 New Delhi-110 020 Page 20f 2 Efficiency Resilience Growth ANNUAL REPORT 2025-26 CONTENTS Corporate Overview 01 Corporate Information 03 Efficiency | Resilience | Growth 04 Indo Rama at a Glance 08 Chairman and Managing Director’s Message Statutory Reports 10 Notice 35 Board’s Report 51 Business Responsibility and Sustainability Report 85 Management Discussion and Analysis 93 Report on Corporate Governance Financial Statements 123 Standalone Accounts 178 Consolidated Accounts Disclaimer This document contains both historical data and forward-looking statements regarding Indo Rama Synthetics (India) Limited (‘the Company’). While much of the information is based on past performance, forward-looking statements involve inherent risks and uncertainties. Actual future results may differ materially from these statements due to various factors. Readers are cautioned against placing undue reliance on forward-looking information and are encouraged to review the detailed risk factors and assumptions in the Management Discussion and Analysis section of this Annual Report. All forward-looking information herein is qualified by these cautionary statements. For more investor-related information, please visit https://indoramaindia.com Scan this QR code to navigate investor-related information Indo Rama Synthetics (India) Limited Corporate Information Board of Directors Corporate Executives Om Prakash Lohia Umesh Kumar Agrawal Chairman and Managing Director Chief Commercial and Financial Officer Vishal Lohia Ashok Yadav Whole-time Director Company Secretary (Appointed w.e.f. November 10, 2025) Sanjay Gupta Manish Kumar Rai Whole-time Director (Appointed w.e.f. January 31, 2026) Company Secretary (Resigned w.e.f. October 1, 2025) Sanjay Thapliyal Whole-time Director (Resigned w.e.f. January 31, 2026) Vipin Kumar Statutory Auditors Non-Executive Non-Independent Director (Appointed w.e.f. January 31, 2026) S S Kothari Mehta & Co. LLP Dilip Kumar Agarwal Non-Executive Non-Independent Director Internal Auditors (Resigned w.e.f. January 31, 2026) Deloitte Touche Tohmatsu India LLP Dharmpal Agarwal (FY 2025-26) Non-Executive Independent Director Deloitte Haskins & Sells LLP Ravi Capoor (FY 2026-27) Non-Executive Independent Director Neeru Abrol Non-Executive Independent Director (Woman Director) - (Appointed w.e.f. June 24, 2025) Bankers Ranjana Agarwal Standard Chartered Bank Non-Executive Independent Director (Woman Director) - (Completed Second Term on May 17, 2025) Sumitomo Mitsui Banking Corporation Dhanendra Kumar Non-Executive Independent Director The Hongkong and Shanghai Banking (Ceased to be Director w.e.f. May 28, 2026 due to demise) Corporation Limited Ambika Sharma The Australia and New Zealand Banking Non-Executive Independent Director (Woman Director) - (Appointed w.e.f. July 27, 2026) Group Limited Atim Kabra MUGF Bank Ltd. Non-Executive Independent Director (Appointed w.e.f. July 27, 2026) DBS Bank India Limited Efficiency. Resilience. Growth. 01 EFFICIENCY RESILIENCE GROWTH Growth is built, not bestowed. It is the outcome of thousands of decisions, each one sharpening efficiency, each one deepening resilience, each one compounding into durable progress. At Indo Rama Synthetics (India) Limited, these three principles form the enterprise’s operating logic. 02 AAnnnnuuaall RReeppoorrtt 22002255--2266 Efficiency drives every layer of our operations, from integrated manufacturing and capacity optimisation to technology adoption and cost discipline, enabling the Company to compete effectively in a dynamic global market. Resilience converts that operational strength into staying power through a diversified product portfolio, robust governance, and an unwavering commitment to quality, innovation, and sustainability. Growth follows as the natural consequence, visible in our expanding value-added presence, our investments in future- ready technologies, and our commitment to creating long- term value for all stakeholders. Efficiency powers our operations. Resilience strengthens our foundation. Growth defines our future. CORPORATE OVERVIEW STA [Showing first 8,000 characters — download PDF for full document]