Annual Report of the company for the Financial year 2025-26

To, VPIL/BSEL/2026-27/18082026 BSE Ltd., Tuesday, August 18, 2026 Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001 (Maharashtra) Sub.: Annual Report for financial year 2025-26 under Regulation 34(1) of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 Dear Sir / Madam, Please find attached herewith the Annual Report of the Company for financial year 2025-26 under Regulation 34(1) of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. Further, in accordance with the Regulation 36 (1) (b) of the SEBI Listing Regulations, a letter containing the web-link for accessing the Notice of 17th AGM and Annual Report for financial year 2025-26 is being sent to all those Members who have not registered their email IDs. The notice of AGM along with the Annual Report for the financial year 2025-26 will also be hosted on the website of the Company and the same can be accessed at www.vinayakpolycon.com This is for your information and records. Thanking You, For Vinayak Polycon International Limited Shikha Natani Company Secretary & Compliance Officer Membership No.: 45901 Enclosed: As above ANNUAL REPORT 2025-2026 ANNUAL REPORT 2025-26 Page CONTENTS Nos. Financial Highlights 2 Notice 3-15 Board’s Report 16-38 Secretarial Auditor Report 39-42 Annexure to Board Report 43-49 Independent Auditor’s Report 50-60 (with Annexures) Balance Sheet 61 Statement of Profit and Loss 62 Statement of Changes in Equity 63 Statement of Cash Flow 64 Notes forming part of the Financial 65-89 Statements ANNUAL REPORT 2025-26 Board of Directors Board Committees CA Bharat Kumar Baid (DIN: 00212506) Audit Committee Managing Director Mr. Abhishek Laxmipat Nahata Mr. Mahendra Singh Bhandari (28.08.2023 to 18.08.2025) CA Vikram Baid (DIN: 00217347) Mr. Tarun Dugar Executive Director Mrs. Samta Baid Nomination and Remuneration Committee Mrs. Samta Baid (DIN: 08104727) Mr. Abhishek Laxmipat Nahata Non-Executive Director Mr. Mahendra Singh Bhandari (28.08.2023 to 18.08.2025) Mr. Tarun Dugar Mr. Abhishek Laxmipat Nahata Mrs. Samta Baid (DIN: 10286323) Independent and Non-Executive Director Stakeholders’ Relationship Committee Mr. Abhishek Laxmipat Nahata Mr. Mahendra Singh Bhandari Mr. Mahendra Singh Bhandari (28.08.2023 to 18.08.2025) (DIN:03622017) (28.08.2023 to 18.08.2025) Mr. Tarun Dugar Independent and Non-Executive Director Mrs. Samta Baid Mr. Tarun Dugar (DIN:06615184) Independent and Non-Executive Director Key Managerial Personnel Statutory Auditor A. Natani & Co. CA Bharat Kumar Baid Chartered Accountants Chief Executive Officer Room no.-7, Second Floor, Samod Tower, Sansar Chand Road, Jaipur CA Vikram Baid Chief Financial Officer Secretarial Auditor V.M. & Associates CS Shikha Natani Company Secretaries Company Secretary and Compliance Officer 403, Royal World, Sansar Chand Road, Jaipur Registrar and Share Transfer Agent M/s MAS Services Limited T-34 2nd Floor, Okhla Industrial Area, Phase-II, New Delhi-110020, Phone No: 91-11-26387281-13, Fax:-91-11- 26387384 Email: -info@masserv.com Principal Bankers Bank of Baroda Registered and Correspondence Office 312, Navjeevan Complex, 29, Station Road, Jaipur- 302 006 (Rajasthan), India Phone No: 91-141-2377007, Email: - investor@vinayakpolycon.com Website: - www.vinayakpolycon.com Unit-1 16, Pandur Village, Kayarambedu Post, Via Guduvanchery Dist. Chengalpattu – 603202, TAMIL NADU Unit-2 H-13-14, Heerawala Industrial Area, Kanota, Jaipur-303012, Rajasthan ANNUAL REPORT 2025-26 FINANCIAL HIGHLIGHTS For the Year Ended on 31st March: (Amount In Lakhs) Particulars 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 PROFIT & APPROPRIATIONS Sale & Other Income 1774.00 1894.50 2328.85 1559.25 1157.00 1528.71 2187.27 2153.39 2119.74 1993.14 Profit Before Depreciation & Tax 126.27 91.22 110.87 75.12 46.42 64.65 84.87 116.03 98.79 71.38 Depreciation 105.71 86.19 90.82 71.89 68.61 61.98 66.25 78.57 68.53 57.69 Profit before Tax 20.56 5.03 20.05 3.23 -22.19 2.67 18.62 37.46 30.26 13.69 Taxation 10.33 -6.19 14.63 1.11 -2.92 -2.43 4.02 -0.72 -6.63 -8.51 Profit After Tax 10.23 11.22 41.11 2.12 -19.27 4.21 11.70 29.45 22.48 5.18 Dividend 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Earning per Share 0.33 0.36 1.33 0.07 -0.63 0.14 0.38 0.96 0.73 0.17 ASSETS EMPLOYED Fixed Assets Gross 1293.23 1324.61 1325.49 1422.79 1319.22 1318.70 1375.04 1383.60 1405.46 1436.11 Depreciation 802.88 889.06 979.88 1051.77 977.69 1025.87 945.17 1023.74 1092.27 1138.50 Net 490.35 435.55 345.61 371.02 341.53 292.83 429.87 359.86 313.19 297.61 Capital work in progress 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Investment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Net Current Assets 99.41 102.60 98.84 59.39 90.94 142.35 165.83 232.23 255.71 257.60 Other Non Current Assets 26.76 39.42 33.52 59.52 34.99 30.52 31.38 39.94 52.91 48.07 Miscellaneous Expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 616.52 577.57 477.97 489.93 467.46 465.70 627.08 632.03 621.81 603.28 FINANCED BY Equity Shares 308.13 308.13 308.13 308.13 308.13 308.13 308.13 308.13 308.13 308.13 Reserve & Surplus 89.80 101.03 142.14 144.26 124.99 129.20 140.90 170.35 192.83 198.01 Loan Funds 195.12 154.30 21.14 32.39 32.11 28.37 174.23 150.45 124.38 99.28 Deferred Tax Liability 23.47 14.11 6.56 5.15 2.23 0.00 3.82 3.10 (3.53) (2.14) 616.52 577.57 477.97 489.93 467.46 465.70 627.08 632.03 621.81 603.28 ANNUAL REPORT 2025-26 VINAYAK POLYCON INTERNATIONAL LIMITED (CIN: L25209RJ2009PLC030620) Registered Office: 312, Navjeevan Complex, 29, Station Road, Jaipur-302006 Email: investor@vinayakpolycon.com, Website: www.vinayakpolycon.com Phone: 0141-2377007 NOTICE NOTICE is hereby given that the 17th Annual General Meeting of the members of Vinayak Polycon International Limited will be held on Saturday, 12th September, 2026 at 11:00 A.M. through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”) to transact the following business: ORDINARY BUSINESS 1. To adopt the audited financial statement of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon. 2. To appoint a director in place of Mr. Vikram Baid (DIN 0217347), who is liable to retire by rotation and being eligible offers himself for re-appointment. Date: 01.08.2026 Place: Jaipur Registered Office: 312, Navjeevan Complex,29, By Order of the Board of Directors Station Road, Jaipur-302006 (Rajasthan) For Vinayak Polycon International Limited Tel: 0141-2377007 investor@vinayakpolycon.com www.vinayakpolycon.com VIKRAM BAID WHOLE TIME DIRECTOR & CHIEF FINANCIAL OFFICER DIN: 00217347 NOTES: 1. The 17th AGM is being convened through VC / OAVM pursuant to General Circular Nos. 14/2020 dated 8 April 2020, 17/2020 dated 13 April 2020, 20/2020 dated 5 May 2020, and subsequent Circulars issued in this regard, latest being Circular No. 03/2025 dated 22 September 2025, issued by the Ministry of Corporate Affairs (‘MCA’) and the Circulars issued from time to time by Securities and Exchange Board of India (‘SEBI’) hereinafter collectively referred to as ‘Circulars’, which permit the companies to hold AGM through VC / OAVM, which does not require physical presence of members at a common venue and sending physical copies of Annual Report. The deemed venue for the 17th AGM shall be the Registered Office of the Company, i.e. 312, Navjeevan Complex, 29, Station Road, Jaipur- 302006 (Rajasthan) ANNUAL REPORT 2025-26 2. The Company has appointed National Securities Depository Ltd (“NSDL”), to provide the VC facility for conducting the AGM and for voting through remote e-voting and e-voting at the AGM. The procedure for participating in the meeting through VC/ OAVM is explained in these notes. 3. In terms of the MCA Circulars, since the physical attendance of Members has been dispensed with, there is no requirement for the appointment of proxies. Accordingly, the facility of appointment of proxies by Members under Section 105 of the Act [Showing first 8,000 characters — download PDF for full document]