Annual Report of the Company for the Financial Year ended 2025-26

ITFL/SEC/2026-27/AUG/08 18th August 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, G Block, Bandra-Kurla Complex, Mumbai – 400 001 Bandra (East), Mumbai- 400 051 Scrip Code – 533329 NSE Symbol: INDTERRAIN Dear Sir/Madam, Sub.: Submission of Annual Report of the Company for FY ended 31st March 2026 along with Notice convening 17th Annual General Meeting Ref.: Reg. 30 and 34 of SEBI (LODR) Regulations, 2015 As per the captioned subject and reference, we inform that the 17th Annual General Meeting (AGM) of the Company is scheduled to be held on Wednesday, 9th September 2026 at 11:00 AM IST through video conferencing/ other audio-visual means. The Notice convening the 17th AGM of the Company along with the Annual Report of the Company for the Financial Year ended 31st March 2026 is enclosed. The Annual Report along with the Notice of AGM has been dispatched to all the eligible shareholders as on the cut-off date 14th August 2026 through e-mail mode only. The said Annual Report along with Notice of AGM will be available in the website of the Company at https://www.indianterrain.com/pages/investor-information. In compliance with section 108 of the Companies Act, 2013 and Regulation 44 of SEBI (LODR) Regulations 2015, the Company is providing the facility of Remote E-voting and E-voting at the 17th AGM through Central Depository Services Limited (CDSL) for the resolutions proposed to be passed at the 17th AGM. The remote E-voting shall commence from Friday, 4th September 2026 at 09.00 A.M. (IST) and end on Tuesday, 8th September 2026 at 05.00 P.M. (IST). The cut-off date for determining the eligibility of the Shareholders to cast their vote is Wednesday, 2nd September 2026. This is for your information and records. Kindly acknowledge the receipt of the same. Thanking you, Yours faithfully, For Indian Terrain Fashions Limited Sainath Sundaram Company Secretary & Compliance Officer Encl.: As above INDIAN TERRAIN FASHIONS LIMITED Registered office and Address for communication: Survey No. 549/2 & 232, Plot No 4 Thirukkachiyur & Sengundram Industrial Area, Singaperumal Koil Post, Chengalpattu – 603204, Tamil Nadu NDIAN ERRAIN Email ID: response.itfl@indianterrain.com Website: www.indianterrain.com CIN: L18101TN2009PLC073017 Ph: 044 – 4227 9100 INDIAN TERRAIN FASHIONS LIMITED Over the past year, we have therefore remained focused on improving the quality of our revenues rather than pursuing growth at any cost. We have continued to sharpen our channel strategy, strengthen our relationships with key retail partners, improve inventory discipline and make our sourcing and supply chain more agile and responsive to market requirements. As we scale up further, we aim to once again reach our peak revenue of `500 Crore by Financial Year 2028, with a much better profitability and stronger financials. We will cautiously expand our exclusive retail presence coupled with E-Commerce and Deepening Distribution which will drive our revenue scale up. The coming years will therefore be about profitable growth, disciplined execution and continuous improvement by strengthening margins and cash flows. We remain conscious that the apparel and retail is undergoing tremendous change. Consumers are becoming more discerning, competition is evolving rapidly and the boundaries between physical retail, digital commerce and other channels are becoming increasingly fluid. Our strategy therefore continues to be centred around deepening our brand presence, improving productivity across channels and focusing on segments where we have a genuine competitive advantage. We will remain selective in our expansion, ensuring that growth is supported by sound economics rather than simply by scale. We also believe that the Indian consumer is increasingly looking for brands that stand for something beyond the product itself – brands that represent quality, authenticity, responsibility and a clear point of view. This creates a meaningful opportunity for us to strengthen our positioning and build deeper consumer engagement. I would like to take this opportunity to express my sincere gratitude to NOTE FROM THE CHAIRMAN our shareholders for their continued trust and confidence in the Company, particularly during the years when the path ahead was uncertain. Your Dear Shareholders, support has been an important source of strength. It gives me immense pleasure to address this year’s Annual General I would also like to thank our customers, franchisees, retail partners, Meeting and to share with you the progress that your Company has distribution partners, vendors and other business associates for standing made over the past year. The progress of the last few years has been by us and supporting our transformation. Their continued confidence in one of transformation, resilience and learning. We have navigated a our brand and our business is deeply valued. We have spent the last few challenging business environment, taken difficult decisions, restructured years strengthening the foundation. We are now ready to build upon it. I our operations and, most importantly, stayed committed to building a am confident that we can create a stronger and more valuable Company in business that is sustainable, profitable and capable of delivering long- the years ahead. I look forward to continuing this journey together – with term value to all our stakeholders. greater confidence, greater discipline and an unwavering focus on creating sustainable long-term value. Thank you, and I wish the Company and all its Today, I believe we are at an important inflection point in that journey. stakeholders continued success, prosperity and excellence. The transformation that we embarked upon is beginning to demonstrate tangible results. For the Financial Year ended 31st March 2026, our total Comprehensive Income has increased by 88%, while our Profit Before Tax has turned positive and registered a significant 108% improvement. These does not merely interpret the numbers, rather they are evidence of the fundamental changes which we have made to our business model along Sincerely, with its operating philosophy. A significant contributor to this progress has been our continued adoption of the Theory of Constraints (ToC) as a management philosophy which has become an integral part of the way we think about and manage the business. We have increasingly come to appreciate that sustainable growth is not about trying to improve everything simultaneously. It is Venky Rajagopal about identifying the most important constraint holding the business Executive Chairman and Whole Time Director back, addressing it decisively, and then re-iterating the process. This philosophy has helped us bring greater clarity and discipline to our decision-making – whether in sourcing, inventory, retail, distribution, e-commerce, working capital or channel productivity. As we move forward, we intend to continue capitalising on this to identify constraints earlier, allocate resources more effectively and ensure that growth is accompanied by profitability and healthy cash generation. BBPPii INDIAN TERRAIN FASHIONS LIMITED INDIAN TERRAIN FASHIONS LIMITED CONTENTS NOTICE OF THE AGM BOARD’S REPORT MANAGEMENT DISCUSSION & ANALYSIS CORPORATE GOVERNANCE REPORT INDEPENDENT AUDITOR’S REPORT FINANCIAL STATEMENTS BPiii INDIAN TERRAIN FASHIONS LIMITED INDIAN TERRAIN FASHIONS LIMITED Board of Directors Statutory Auditors Mr. Venkatesh Rajagopal Chairman & Whole Time Director M/s. SRSV & Associates, Mrs. Rama Rajagopal Non-Executive & T.Nagar, Chennai – 600017 Non-Independent Director Mr. Charath Ram Narsimhan Managing Director & CEO Internal Auditors Mr. Tarique Ansari Independent Director M/s. RVKS & Associates Mrs. Nidhi Reddy Independent Director T.Nagar, Chennai – 600017 Mr. Suresh Jandhyala Independent Director (appointed w.e.f 21st April 2026) Secretarial Auditors Audit Committee M/s. B [Showing first 8,000 characters — download PDF for full document]