Business Responsibility and sustainability Report for the FY 2025-26

18th August, 2026 The Manager, The Manager, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra-Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 001 Mumbai - 400 051 BSE Scrip Code: 544320 NSE Symbol: CARRARO Sub.: Business Responsibility and Sustainability Report of the Company for the Financial Year 2025-26. Ref.: Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”). Dear Sir/Madam, Pursuant to above-referred Listing Regulations, please find enclosed the Business Responsibility and Sustainability Report (“BRSR”), which also forms part of the Annual Report for the Financial Year 2025-26. The aforesaid Report has been uploaded on website of the Company at https://www.carraroindia.com/investors/financial-information/annual-reports You are requested to take this intimation on record. Thanking you, Yours faithfully, For Carraro India Limited Mr. Mohith Kumar Khandelwal Company Secretary and Compliance Officer Membership No.: F11243 Encl.: As above Statutory Reports BUSINESS RESPONSIBILITY AND SUSTAINABILITY BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT FY 2025-26 (CONTD.) REPORT FY 2025-26 SECTION A: GENERAL DISCLOSURES III. Operations I. Details of the listed entity 18. Number of locations where plants and/or operations/offices of the entity are situated: 1 Corporate Identity Number (CIN) of the L52609PN1997PLC132629 Location Number of plants Number of offices Total Listed Entity National 02 02* 04 2 Name of the Listed Entity Carraro India Limited (formerly Carraro India Private Limited) International 0 0 0 3 Year of incorporation 11th April, 1997 *Both our offices are situated within our plant premises at Ranjangaon, Maharashtra. 4 Registered office address B2/2 MIDC, Ranjangaon, Pune 412 220, Maharashtra, India 5 Corporate address B2/2 MIDC, Ranjangaon, Pune 412 220, Maharashtra, India 19. Markets served by the entity: 6 E-mail company_secretary@carraroindia.com a. Number of locations 7 Telephone +91 20 66216700 Locations Number 8 Website www.carraroindia.com National (No. of States) 07 states and 02 union territories 9 Financial year for which reporting is FY 2025-26 being done International (No. of Countries) 14 10 Name of the Stock Exchange(s) where BSE Limited (“BSE”) b. What is the contribution of exports as a percentage of the total turnover of the entity? shares are listed National Stock Exchange of India Limited(“NSE”) 35.11% 11 Paid-up Capital `56,85,15,380 c. A brief on type of customers 12 Name and contact details (telephone, Mr. Mohith Kumar Khandelwal email address) of the person who may be Company Secretary and Compliance Officer C arraro India Limited covers a comprehensive range of axles, transmission systems, and gears that are custom contacted in case of any queries on the Telephone: +91 2138 662666 engineered to meet the demanding requirements of local & global OEMs in the agriculture and construction sectors. BRSR report E-mail: company_secretary@carraroindia.com Importantly, our key customers are primarily India-based OEMs, including large domestic OEMs and international 13 Reporting boundary For the current financial year, the Company has reported data on a OEMs with Indian subsidiaries or operations. We export to our holding company Carraro SPA which exports the Standalone Basis for the period, i.e., April 2025 to March 2026. products further to international markets. We have long-term relationships with our top 10 customers based on their 14 Name of assurance provider Not Applicable revenue contribution on consolidated groups basis as of 31st March, 2025, which have continuously engaged us 15 Type of assurance obtained Not Applicable for at least 15 years, a reflection of our commitment, reliability, and shared long-term alignment. We expanded our product footprint across segments and geographies, onboarded six new customers, and extended collaborations II. Products/services with long-standing OEM partners. 16. Details of business activities (accounting for 90% of the turnover): T he Company primarily manufactures axles and transmission systems for agricultural tractors and construction S. Description of Main Activity Description of Business Activity % of Turnover of the entity vehicles such as backhoe loaders, soil compactors, cranes, self-loading concrete mixers, and small motor graders. No. The Company’s products are critical for its customers, as the products constitute important components of its 1 Manufacturing of axles, The Company is a technology 99.55% customers’ final products. The Company provides a diverse range of products including axles and transmission transmission systems, and gears driven integrated supplier that systems of different HP ranges for off-highway vehicles in the agricultural tractor and construction vehicle sectors, that are custom engineered to develops complex engineering as well as gears, shafts and ring gears for industrial and automotive vehicles. meet the demanding requirements products and solutions for its of global OEMs primarily in the original equipment manufacturer IV. Employees agriculture and construction (“OEM”) customers. The Company sectors is an independent solution provider 20. Details as at the end of Financial Year: of axles, transmission systems and gears for industries. a. Employees and workers (including differently abled): 17. Products/Services sold by the entity (accounting for 90% of the entity’s Turnover): S. Particulars Total (A) Male Female No. No. (B) % (B / A) No. (C) % (C / A) S. Product/Service NIC Code % of total Turnover No. contributed EMPLOYEES 1 Transmission Axles and Gears 29301 99.55% 1. Permanent (D) 289 271 94% 18 6% 2. Other than Permanent (E) 17 17 100% 0 0 3. Total employees (D + E) 306 288 94% 18 6% WORKERS 4. Permanent (F) 619 595 96% 24 4% 5. Other than Permanent (G) 716 716 100% 0 0 6. Total workers (F + G) 1,335 1,311 98% 24 2% 110 Annual Report 2025-26 Carraro India Limited 111 Statutory Reports BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT FY 2025-26 (CONTD.) BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT FY 2025-26 (CONTD.) b. Differently abled Employees and workers: (ii) Turnover (in ` Million)* 22,674.31 S. Particulars Total (A) Male Female No. No. (B) % (B / A) No. (C) % (C / A) (iii) Net worth (in ₹ Million) DIFFERENTLY ABLED EMPLOYEES 5,754.08 1. Permanent (D) 0 0 - 0 - * The Turnover is provided as the sum of “Revenue from Operations” and “Other Income” of the Company in alignment 2. Other than Permanent (E) 0 0 - 0 - with the Company’s disclosures in the Annual Report. The Revenue from Operations stands at ` 22,388.94 Million. 3. Total differently abled 0 0 - 0 - employees (D + E) VII. Transparency and Disclosures Compliances DIFFERENTLY ABLED WORKERS 25. Complaints/Grievances on any of the principles (Principles 1 to 9) under the National Guidelines on Responsible 4. Permanent (F) 0 0 - 0 - Business Conduct: 5. Other than permanent (G) 0 0 - 0 - Stakeholder Grievance Current Financial Year Previous Financial Year 6. Total differently abled 0 0 - 0 - group from Redressal (2025-26) (2024-25) workers (F + G) whom Mechanism Number of Number of Remarks Number of Number of Remarks complaint is in Place complaints complaints complaints complaints 21. Participation/Inclusion/Representation of women received (Yes/No) filed during pending filed during pending the year resolution at the year resolution at Particulars Total (A) No. and percentage of Females close of the close of the No. (B) % (B / A) year year Board of Directors 09 01 11% Communities Yes, Carraro 0 0 NIL 0 0 NIL India Limited Key Management Personnel 01* 0 0 Investors has a 0 0 NIL 0 0 NIL (other than Stakeholder * The Company’s Managing Director, CFO, and COO are KMPs as well as Board of Directors of the Company. We have shareholders) Engagement only considered them in BoDs for disclosure purposes. Shareholders and 0 0 NIL 5 0 Grievances [Showing first 8,000 characters — download PDF for full document]