67TH ANNUAL REPORT FORTHE FY 2025-26

Nirlon Limited CIN: L17120MH1958PLC011045 Pahadi Village, off the Western Express Highway, Goregaon (East), Mumbai 400 063. Tele: +91 (022) 4028 1919 / 2685 2257 / 58 / 59 E-mail id : info@nirlonltd.com,Website:www.nirlonltd.com ============================================================== August 17, 2026 The Secretary, BSE Limited, P.J. Towers, Dalal Street, Mumbai- 400 001. Security Code: 500307 Dear Sir, Sub: 67th Annual Report of the Company – F.Y. 2025-26 Ref: Regulation 34 of the SEBI LODR, 2015 We are sending the 67th Annual Report for the F.Y. 2025-26 to the Members of the Company through electronic mode to those Members whose e-mail addresses are registered with the Company / Share Transfer Agent/Depositories. The 67th Annual Report is available on the website of the Company at https://nirlonltd.com/pdf/20252026/nirlon_annual_report_2025_26.p The filing is done under pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. This is for your information and records. Kindly acknowledge receipt of the letter. Thanking you, Yours faithfully, For Nirlon Limited Jasmin K. Bhavsar Company Secretary, V. P. (Legal) & Compliance Officer FCS 4178 Encl: a.a 67th Annual Report 2025-26 CONTENTS Sr. No. Particulars Page No. 1. 67th Annual General Meeting Notice and Explanatory Statement {including Notes to the 5-28 67th Annual Report for the Financial Year 2025-26 and instructions for e-voting and Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”) } 2. Directors’ Report (including Dividend Distribution Policy) and Annexures 1 to 5 31-64 3. Corporate Governance Report (Annexure 6 ) 67-93 4. Management Discussion and Analysis (Annexure 7) 94-98 5. Business Responsibility and Sustainability Reporting (BRSR) (Annexure 8) 99-134 6. Independent Auditor’s Report 136-145 7. Balance Sheet 146 8. Statement of Profit and Loss 147 9. Cash Flow Statement 148-149 10. Statement of Changes in Equity 150 11. Notes to the Financial Statements 151-191 12. KYC Updating Form ISR 1, 2 & 3 192-196 13. Request for issue of Duplicate Certificates and other Service Requests – Form ISR 4 197-198 67th Annual Report 2025-26 3 Board of Directors: (As on August 10, 2026) 1. Mr. Rajinder Pal Singh Chairman & Non-Executive Independent Director (DIN:02943155) 2. Ms. Anjali Seth Non-Executive Independent Director (DIN:05234352) 3. Mr. Chandresh Ruparel Non-Executive Independent Director (DIN:01669081) (effective from September 26, 2025) 4. Mr. Kunnasagaran Chinniah Nominee Director (DIN:01590108) 5. Mr. Arjun Khullar Nominee Director (DIN:10671903) 6. Mr. Rahul V.Sagar Executive Director & Chief Executive Officer (DIN:00388980) Key Managerial Personnel: 1. Mr. Rahul Sagar Executive Director & Chief Executive Officer 2. Mr. Jasmin K. Bhavsar Company Secretary, Vice President (Legal) & Compliance Officer (FCS 4178) 3. Mr. Manish B. Parikh Chief Financial Officer & Vice President (Finance) Legal Advisors: 1. Matubhai Jamietram & Associates, Advocates, Mumbai 2. JSA, Advocates & Solicitors, Mumbai Auditors: 1. Statutory • SRBC & Co. LLP, Chartered Accountants, Mumbai (FRN 324982E/E300003) 2. Internal • KPMG Assurance & Consulting Services LLP ( Up to F.Y. 2025-26) • Price Waterhouse Coopers Services LLP (effective from F.Y. 2026-27) 3. Cost • Vinay Mulay & Co., Cost Accountants, Mumbai 4. Secretarial • Alwyn Jay & Co., Company Secretaries, Mumbai Secured Lender/Banker: • The Hongkong and Shanghai Banking Corporation Ltd. Registered Office: Nirlon Limited, Pahadi Village, off the Western Express Highway, Goregaon (East), Mumbai 400 063. Tele : +91 (022) 4028 1919 / 2685 2257/ 58/ 59 Fax : +91 (022) 4028 1940 CIN : L17120MH1958PLC011045 E-mail id : info@nirlonltd.com Website : www.nirlonltd.com Share Transfer Agent (STA): MUFG Intime India Pvt. Ltd.(MUFGIIPL)( formerly known as “Link Intime India Pvt. Ltd.”), C 101, 1 st Floor, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai 400 083. Tele : +91 8108116767 Toll Free no. : 1800 1020 878 Fax : +91 (022) 4918 6060 CIN : U67190MH1999PTC118368 E-mail id : rnt.helpdesk@in.mpms.mufg.com Website : www.in.mpms.mufg.co.in 4 67th Annual Report 2025-26 NOTICE TO MEMBERS NOTICE is hereby given that the 67th Annual General Meeting To Consider, and if thought fit, to pass the following (“AGM”) of Nirlon Limited will be held on Friday, September Resolution as an Ordinary Resolution: 18, 2026 at 12.00 noon (IST) through Video Conferencing “RESOLVED THAT pursuant to Section 152 and other (“VC”) / Other Audio Visual Means (“OAVM”) to transact the applicable provisions, if any, of the Companies Act, 2013 following business. The venue of the meeting shall be deemed and the Companies (Appointment and Qualification to be the Registered Office of the Company at Pahadi Village, of Directors) Rules, 2014 (including any statutory off the Western Express Highway, Goregoan (East), Mumbai modification(s) or re-enactment thereof, for the time being 400 063. in force), Mr. Kunnasagaran Chinniah (DIN 01590108), ORDINARY BUSINESS: who retires by rotation at this Annual General Meeting, being eligible has offered himself for re-appointment, 1. To receive, consider and adopt the Audited Financial and approval of the Members be and is hereby accorded Statements of the Company for the Financial Year ended for continuation of Mr. Kunnasagaran Chinniah (DIN March 31, 2026, including the Statement of Profit and Loss 01590108) as a Nominee Director of the Company, liable for the Year ended on that date, Audited Balance Sheet to retire by rotation; as at March 31, 2026 and Reports of the Directors’ and Auditors’ thereon. RESOLVED FURTHER THAT Mr. Rahul V. Sagar, Executive Director & C.E.O. or Mr. Jasmin K. Bhavsar, Company To Consider, and if thought fit, to pass the following Secretary, Vice President (Legal) and Compliance Officer, Resolution as an Ordinary Resolution: be and are hereby jointly and/ or severally authorized “RESOLVED THAT the Audited Financial Statements of to sign and submit the necessary application and forms the Company for the Financial Year ended on March 31, with appropriate authorities and to perform all such acts, 2026 and the Reports of Directors’ and Auditors’ thereon, deeds and things authorised to do all such acts, deeds and be and are hereby received, approved and adopted.” to take all such steps as may be necessary, proper and 2. To declare a final dividend of ` 15/- per equity share of face expedient to give effect to this resolution for and on behalf value ` 10/- each (@ 150%) for the Financial Year ended of the Company.” on March 31, 2026. Special Business: To Consider, and if thought fit, to pass the following 4. Ratification of Remuneration payable to the Cost Resolution as an Ordinary Resolution: Auditor for the F.Y. 2026-27 “RESOLVED THAT a final dividend of ` 15/- (@150%) per To consider, and if thought fit, to pass the following equity share of ` 10/- each be and is hereby declared for resolution as an Ordinary Resolution: the Financial Year ended on March 31, 2026; “Resolved that pursuant to the provisions of Section 148 RESOLVED FURTHER THAT the dividend be distributed and other applicable provisions, if any, of the Companies on the paid-up equity share capital to those shareholders Act, 2013 and the Companies (Cost Records and Audit) whose names appear in the Register of Members of the Rules, 2014 (including any statutory modification/s Company as on the Record date i.e. Thursday, September or re-enactment/s thereof for the time being in force), 3, 2026.” remuneration of ` 1,50,000/- (Rupees One lakh Fifty 3. To appoint a Director in place of Mr. Kunnasagaran Thousand only) payable to Mr. Vinay B. Mulay, the Chinniah (DIN 01590108), age 69 years practicing Cost Accountant (ICMAI No. 8791) of Vinay (D.O.B.10-05-1957), who retires by rotation at this Annual Mulay & Co., Mumbai, appointed by the Board of Directors General Meeting, and being eligible offers himself fo [Showing first 8,000 characters — download PDF for full document]