Annual Report for the Financial Year 2025-26.

CIN: L55101WB1999PLC090672 Email : corporate@speciality.co.in Morya Land Mark – 1, 4th Floor, B-25, Veera Industrial Estate, Off New Link Road, Andheri (W), Mumbai 400 053 Tel. No. (022) 62686700 Website-www.speciality.co.in August 18, 2026 General Manager, Vice President, Listing Operations, Listing Compliance Department, BSE Limited, National Stock Exchange of India Limited, P.J. Tower, Dalal Street, 'Exchange Plaza', Bandra Kurla Complex, Mumbai - 400 001. Bandra (E), Mumbai - 400 051. Scrip Code: 534425 Scrip Code: SPECIALITY Dear Sir/ Madam, Ref: Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “Listing Regulations”). Sub: Submission of the Annual Report for the financial year ended March 31, 2026. The Twenty Seventh Annual General Meeting (“AGM”) of the Company is scheduled to be held on Friday, September 11, 2026 at 4.00 p.m. (IST) through Video Conferencing (VC) or Other Audio Visual Means (OAVM) to transact the business, set out in the Notice convening the AGM in compliance with all applicable provisions of the Companies Act, 2013 (the “Act”) and the Rules made thereunder read with Ministry of Corporate Affairs (MCA) General Circular Nos. 14/2020 dated April 8, 2020, 17/2020 dated April 13, 2020, 20/2020 dated May 5, 2020 and subsequent circulars issued in this regard, the latest being 03/2025 dated September 22, 2025 (collectively referred to as “MCA Circulars”). Pursuant to Regulation 34 of the Listing Regulations, we enclose herewith a copy of the Annual Report along with Notice of the AGM and other Statutory Reports for the financial year ended March 31, 2026. In compliance with the MCA Circulars read with Regulations 36(1) and 44 of the Listing Regulations, the Annual Report including the Notice of AGM is being sent ONLY through electronic mode, to those Members holders whose e-mail addresses are registered with the Company/Registrar and Transfer Agent/Depositories. The Company will be sending physical letters, providing the weblink, including the exact path where complete details of the Annual Report including the Notice of AGM are available, to those shareholder(s) who have not registered their e-mail address with the Company/Registrar and Transfer Agent/Depositories. It is also uploaded on the Company’s website www.speciality.co.in. You are requested to kindly take the same on record. Thanking you, Yours sincerely, For Speciality Restaurants Limited Avinash Kinhikar Company Secretary & Legal Head Encl.: As above. Registered Office: ‘Uniworth House’ 3A, Gurusaday Road, Kolkata – 700019. Contents Page Nos. Our Mission 1 Curtain Raiser 1 Chairman & Managing Director’s Perspective 3 Powered By Our Brands 7 Snapshots of our CSR Project Implementation 20 What the Numbers Say 21 Board of Directors 22 Brand Presence 28 Company Information 30 Notice 31 Directors’ Report 42 Business Responsibility And Sustainability Reporting 57 Management Discussion and Analysis 88 Report on Corporate Governance 99 Standalone Financial Statements Auditor’s Report 125 Balance Sheet 135 Statement of Profit and Loss 136 Statement of Cash Flows 137 Statement of Changes in Equity 139 Notes to Financial Statements 140 Consolidated Financial Statements Auditor’s Report 179 Financial Statements 187 Statement in Form AOC-1 232 Annual Report 2025-26 Our Mission To consistently provide world-class cuisine and experience at an affordable price. To create a dining experience whose uniqueness lies in elegance and refinement, brought alive by care and personalized service in a warm, vibrant environment, that makes everyone feel special. Curtain Raiser SAVOURING GROWTH Growth is most meaningful when it is built to endure. At Speciality Restaurants Limited, FY 2025-26 was a year of steady, profitable progress - shaped by the strength of our brands, the discipline of our operating model and the trust of guests who have grown with us across generations. Under the theme Savouring Growth, we celebrate progress that is deliberate: growth that deepens relevance, sharpens execution and creates enduring value. The opportunity before India's food-services sector is substantial. Kearney and Swiggy estimate that the market could expand from about US$78 billion in 2025 to more than US$125 billion by 2030, with organised players driving over 60% of the incremental growth. NRAI's 2024 study similarly points to faster formalisation, with organised food services projected to grow at 13.2% annually through 2028. For trusted, experience-led brands, this is not simply a larger market; it is an invitation to earn a larger place in the lives of consumers. A year of earned progress During FY 2025-26, consolidated revenue from operations increased 9.22% to Rs 476.47 crore. Consolidated profit after tax was Rs 20.72 crore, after absorbing an exceptional employee-benefit charge of Rs 3.34 crore. The Company completed its nineteenth consecutive profitable quarter in Q4FY26, while the Board recommended a dividend of Rs 1 per equity share. The year also demonstrated the breadth and adaptability of our portfolio. As of March 31, 2026, our network comprised of 121 restaurants and confectioneries including some franchised units, spanning legacy destinations, contemporary dining formats and cloud kitchens. The portfolio continued to be led by Mainland China and Asia Kitchen by Mainland China, complemented by Oh! Calcutta, Sweet Bengal, Siciliana, GONG, Sigree, Walters and other distinctive concepts. Annual Report 2025-26 Our omnichannel model continued to mature. In FY25-26, delivery represented 27.74% of relevant standalone sales, while dine-in remained the larger channel - reinforcing our belief that convenience and experience are complementary rather than competing propositions. The next course of growth As we move into FY 2026-27, our ambition is clear: to build a more scalable, contemporary and resilient restaurant company without diluting the authenticity that makes each brand distinctive. Our priorities are anchored in five commitments: • Elevate every guest experience – combine warm hospitality, consistently excellent food and more personalised engagement across every channel. • Scale with discipline – expand priority brands through carefully chosen locations, efficient formats and capital-conscious partnerships. • Innovate with purpose – use menu engineering, digital insight and new dining occasions to keep our brands relevant to emerging consumer cohorts. • Strengthen people and culture – develop leaders, deepen frontline capability and build an inclusive organisation where craft and performance thrive together. • Grow responsibly – pursue efficiency in energy, sourcing and packaging while maintaining rigorous governance and financial prudence. Indian consumers are exploring more cuisines, more occasions and more formats than ever before. Regional Indian traditions are being rediscovered even as global flavours enter the mainstream; health and indulgence coexist; and digital discovery increasingly shapes where and how people dine. Our portfolio is well placed at this intersection of heritage and reinvention. Savouring Growth is therefore more than a theme. We will continue to expand our reach, but also deepen our impact - creating memorable experiences for guests, meaningful opportunities for our people and sustainable value for every stakeholder. Together, we look ahead with confidence - ready to savour every possibility, and earn every milestone. Annual Report 2025-26 The shape of demand is equally encouraging. Consumers are discovering a wider range of This is continuity with renewed energy. I will continue to serve as Chairman & Managing The Way Forward for 2026–27 cuisines and restaurant brands; dining-out growth beyond the top eight cities is Director, focusing on long-term strategy, governance and mentorship, while he leads As we look ahead to 2026–27, our focus will remain firmly anchored on sustainab [Showing first 8,000 characters — download PDF for full document]