Shareholders meeting

MURUDESHWAR Cha. BV § CERAMICS LTD. NAVAEN Naveen Complex, 7th Floor, 14, M.G. Road, Bengaluru - 560001 India. Ph : 080 - 42897000, 25584181 GSTN : 29AABCM2526R12Z2 E-mail : corporate_office@naveentile.com, mclblore@naveentile.com CIN : L26914KA1983PLC005401 Date: 18.08.2026 National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, Floor 25, P J Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, MUMBAI 400 051, MUMBAI 400 001, Stock Code: MURUDCERA Stock Code: 515037 Sub.: Notice of 43" Annual General Meeting (AGM) scheduled to be held on Friday, 18" September, 2026 at 3:00 P.M. along with Annual Report for the financial year ended 31% March, 2026. Dear Sirf Madam, We wish to inform you that the 43 Annual General Meeting of the Company will be held on Friday, 18" September, 2026 at 3:00 P.M. at Hotel Naveen, Unkal Lake, Hubballi - Dharwad Highway, Bairidevarkoppa, Hubballi - 580025, Karnataka. In terms of Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Section 91 of the Companies Act, 2013 including rules made thereunder, the Register of Members/ Share Transfer Books of the Company will remain closed from Friday, September 11, 2026 to Friday, September 18, 2026 (both days inclusive), for the purpose of 43 Annual General Meeting for the financial year 2025-26. The Company has fixed Friday, September 4, 2026 as the "Cut-off Date" for the purpose of determining the Members eligible to vote on the resolutions set out in the Notice of the 43'¢ AGM. The remote e-voting period commences on September 15, 2026 (9.00 a.m. IST) and ends on September 17, 2026 (5.00 p.m. IST). During this period, Members of the Company, holding shares either in physical form or in dematerialized form, as on Friday, September 04, 2026 (Cutoff date) may cast their vote electronically. The e-voting module shall be disabled by NSDL for voting thereafter. Once the vote on resolutions is cast by the Member, shall not be allowed to change it subsequently. Please find enclosed the Notice of 43’ Annual General Meeting along with Integrated Annual Report for the financial year 2025-26 comprising the standalone and consolidated audited financial statements, including Board's Report, Auditors' Report and other documents required to be attached thereto. You are requested to take the above in your records and disseminate the same on your website. Thanking you. Yours faithfully. For Murudeshwar Ce 18.08.2026, Bengaluru An ISO 9001-2008 Certified Company Registered Office : Murudeshwar Ceramics Limited, 604/B, Murudeshwar Bhavan, Gokul Road, Hubballi - 580030. Ph: 0836 - 2331615 / 18, E-mail : mclho@naveentile.com, Website : www.naveentile.com MURUDESHWAR (cid:31)(cid:30)(cid:29)(cid:28)(cid:27)(cid:26)(cid:25)(cid:30)(cid:24)(cid:23) CERAMICS LTD. About Murudeshwar Ceramics The cornerstone of our corporate journey of more than 30 years has been in Leadership through Quality.” Murudeshwar Ceramics Limited is the pioneer in manufacturing world class Vitrified tiles and Ceramic tiles under the brand name “NAVEEN”. Since its inception in the year 1983, Murudeshwar Ceramics Ltd. is working in the direction to meet the quality, performance, and price expectations of its valued customers. The right mix of cutting-edge technology and aesthetic designs has helped Murudeshwar ceramics in steadily becoming one of the largest manufacturers of tiles in India. Its brand name Naveen Ceramics and Naveen Diamontile have become synonymous with quality, producing the widest range of products in ceramic and vitrified tiles. The company, through the years, has earned many distinctions, like the first to produce and export large format vitrified tiles in India, the largest manufacturer of vitrified tiles and so on. It has three large-scale, state-of-the-art manufacturing facilities (Sira in Karnataka & Karaikal in Pondicherry), which are in technical collaboration with the world- leaders Sacmi Imola & Breton, Italy. With an unfailing commitment to excellence, it utilizes the finest of raw materials and rigorously checks and controls the quality of the tiles. FACTORY Currently there are two manufacturing units are in operation located in Sira (Karnataka) and Karaikal (Pondicherry), the manufacturing facilities are equipped with state-of-the-art technology, in technical collaboration with SacmiImola & Breton, Italy. The R&D Cells attached to both the factories work independently and constantly to develop new colours, designs, textures, finish & sizes in sync with the latest global trends. The Brand ‘Naveen Diamontile’, with a complete range of products have a distinct niche in the market due to their consistent high quality. PRODUCTION CAPACITY Naveen tiles are crafted with intense care using modern technology to ensure that we live up to the expectations of our buyers. The company is equipped to manufacture Wall tiles, Floor tiles, Ceramic tiles and Parking tiles. Naveen tiles offer tiles in 300*300, 300*450, 400*400, 300*600, 600*600, 600*1200, 800*800 and 800*1200 The total production capacity of the three units is 28000 square meter a day and 8.4 million square meters a year. State of the art modern machinery is being used to manufacture world class quality tiles. The company has 10 Presses of various sizes from Sacmi, Italy and Keda, China both world leaders in ceramic machinery. Currently 5 Kilns of various lengths from Sachi, Italy are being run. Annual Report FY : 2025-26 1 MURUDESHWAR CERAMICS LTD. OUR MISSION : The cornerstone of our corporate journey of Thirty years has been” In Leadership through Quality. VISION : To be a leader in Tile manufacturing industry by delivering high quality Tiles with Innovative design concepts using sustainable manufacturing methods. GOALS : To create a large & satisfied customer base by delivering durable, defect free, environment friendly and properly designed products. To deliver excellent service at reasonable and affordable prices. To encourage our employees who are our first assets, by promoting and utilizing their best knowledge and experience. PRODUCTS : Naveen Ceramics have become synonymous with quality, producing the widest range of products in ceramic and vitrified tiles. 2 Annual Report FY : 2025-26 MURUDESHWAR (cid:31)(cid:30)(cid:29)(cid:28)(cid:27)(cid:26)(cid:25)(cid:30)(cid:24)(cid:23) CERAMICS LTD. BOARD OF DIRECTORS & KMP I N D E X Shri SATISH R SHETTY Chairman & Managing Director Particulars Page No. Notice of 43rd Annual General Meeting 5-19 Shri SUNIL R SHETTY Non-Executive Director Directors' Report 20-40 Management Discussion & Analysis Report 41-43 Shri NAVEEN R SHETTY Non-Executive Director Corporate Governance Report 44-56 Auditors' Certificate on Compliance of Corporate 57 Shri KARAN S SHETTY Governance Provisions and Declaration on Code Whole Time Director of Conduct Shri RAVINDRA BHANDARY Managing Director & Chief Financial Officer 58 Independent Director Certification Smt. SHAKUNTHALA SHETTY Independent Auditor's Report on Standalone Basis 59-68 Independent Director Standalone Balance Sheet & Statement of Profit 69-71 & Loss Shri VISHWANATH SHETTY Independent Director Standalone Cash Flow Statement 72-73 Standalone Notes Forming Part of Financial 74-104 Shri VITTAL KM SHETTY Statements Independent Director Independent Auditor's Report on Consolidated 105-111 Shri N M HEGDE Basis Vice President (Finance) & CFO Consolidated Balance Sheet & Statement of Profit 112-114 & Loss Shri ASHOK KUMAR Company Secretary Consolidated Cash Flow Statement 115-116 Consolidated Notes Forming Part of Financial 117-148 Statements Profile of all the directors is available on the website of the Company at www.naveentile.com Committees of the Board of Directors  Audit Committee  CSR Committee Shri. Ravindra Bhandary – Chairman Shri. Satish R Shetty – Chairman Smt. Shakunthala Shetty – Member Shri. Vishwanath Shetty – Member Shri. Naveen R Shetty – Membe [Showing first 8,000 characters — download PDF for full document]