Annual 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.: Notice of the Twenty Ninth Annual General Meeting (“29th AGM”) and the Annual Report for the financial year 2025-26. Ref.: 1. Regulation 34(1) read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”); and 2. Outcome of the Board Meeting dated 06th August, 2026, inter-alia, informing the date of 29th AGM and related information (“Outcome”). Dear Sir/Madam, This has reference to Listing Regulations and Outcome dated 06th August, 2026, inter-alia, informing that the Twenty Ninth (29th) Annual General Meeting (“AGM”) of the Company is scheduled to be held on Thursday, the 10th day of September, 2026 at 11.30 A.M. (IST) through Video Conferencing/Other Audio-Visual Means (VC/OAVM) Pursuant to Listing Regulations, we are enclosing the Notice convening the 29th AGM of the Company and the Annual Report for the financial year 2025-26, which is being sent through electronic mode to the Members, who have registered their e-mail addresses with the Company/ Registrar and Transfer Agent/ Depository Participants/ Depositories. Further, pursuant to Regulation 36(1)(b) of the SEBI Listing Regulations, a letter is also being sent to the Members, whose email addresses are not registered, providing the web-link where the Annual Report for FY 2025-26 is made available on the Company’s website. The Notice of the AGM and the Annual Report for FY 2025-26 are available on the website of the Company at https://www.carraroindia.com/investors/investor-information/general-meeting-postal- ballot and https://www.carraroindia.com/investors/financial-information/annual-reports respectively. The Company is pleased to provide its members the facility to exercise their right to vote on the resolutions proposed to be passed at the AGM by electronic means. The date and time of remote e- voting facility are as under: Cut-off date for e-voting Thursday, 03rd September, 2026 E-voting start date and time Monday, 07th September, 2026 at 9:00 a.m. (IST) E-voting end date and time Wednesday, 09th September, 2026 till 5:00 p.m. (IST) 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 Notice CARRARO INDIA LIMITED (Formerly Known as Carraro India Private Limited) CIN: L52609PN1997PLC132629 Registered Office: B2/2 MIDC, Ranjangaon, Pune 412 220, Maharashtra, India Email: company_secretary@carraroindia.com || Website: https://www.carraroindia.com/ Tel: +91 2138 662666 NOTICE Notice is hereby given that the Twenty Ninth (29th) Annual 2013 and Rules framed thereunder (including any General Meeting (“AGM”) of the Members of the Company statutory modification(s) or re-enactment(s) thereof will be held on Thursday, the 10th day of September, 2026 at for the time being in force), and all other applicable 11.30 A.M. (IST) through Video Conferencing (“VC”)/Other provisions, if any, and upon the recommendation of the Audio-Visual Means (“OAVM”) to transact the following Audit Committee, the Board of Directors recommends businesses: the appointment of M/s. MSKC & Associates LLP (formerly known as MSKC & Associates), Chartered ORDINARY BUSINESS: Accountants (Firm Registration No.001595S/S000168) 1. To receive, consider and adopt the Audited Standalone as the Statutory Auditors of the Company for a term Financial Statements of the Company for the financial of 5 (five) consecutive years i.e., 29th Annual General year ended 31st March, 2026, together with the report Meeting till the conclusion of the 34th Annual General of the Board of Directors (“the Board”) and Auditor’s Meeting of the Company to be held in the year 2031, thereon. at such remuneration as may be recommended by the Audit Committee and approved by the Board of 2. To receive, consider and adopt the Audited Consolidated Directors of the Company from time to time. Financial Statements of the Company for the financial year ended 31st March, 2026, together with the report of RESOLVED FURTHER THAT the Audit Committee/ Auditor’s thereon. Board of Directors of the Company be and are hereby authorized to revise/alter/modify/amend the terms and 3. To declare a final dividend on 56,851,538 equity shares conditions and/or remuneration, from time to time, as of the Company at the rate of ` 6.75/- per equity share may be mutually agreed with the Auditors, during the of face value of ` 10 each (67.50%) fully paid up, for the tenure of their appointment. financial year ended 31st March, 2026. RESOLVED FURTHER THAT the Board [including any 4. To appoint a director in place of Mr. Davide Grossi Committee(s) and/or any of the Director(s) or Official(s) (DIN:10252992), Whole-Time Director and Chief of the Company, duly authorised by the Board] and Financial Officer, who retires by rotation in terms of the Company Secretary & Compliance Officer of the Section 152(6) of the Companies Act, 2013, and being Company be and is hereby authorised to issue certified eligible, offers himself for re-appointment. true copies of the above resolution to any governmental, 5. To appoint a director in place of Mr. Andrea Conchetto statutory or regulatory authority as may be required (DIN: 10669692), Non-Executive Director, who retires from time to time and to take all such steps as may be by rotation in terms of Section 152(6) of the Companies necessary, proper and expedient to give effect to this Act, 2013, and being eligible, offers himself for re- resolution.” appointment. SPECIAL BUSINESS: 6. To consider appointment of M/s. MSKC & Associates 7. ToconsiderRatificationofremunerationpayabletoCost LLP (formerly known as MSKC & Associates) as the AuditorsoftheCompanyforfinancialyear2026-27. Statutory Auditors of the Company To consider and if thought fit, to pass, the following To consider and if thought fit, to pass the following resolution as an Ordinary resolution: resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of “RESOLVED THAT pursuant to the provisions of Section Section 148(3) of the Companies Act 2013 read with 139, Section 141, Section 142 of the Companies Act, Carraro India Limited 1 NOTICE (CONTD.) Rule 14 of the Companies (Audit and Auditors) Rules, RESOLVED FURTHER THAT the aforesaid transactions 2014 and such other provisions as maybe applicable, shall include, inter alia: the remuneration of `3,40,000/- (Rupees Three Lakh • Sale of goods including agricultural transmissions, and Forty Thousand only) plus taxes, payable to M/s construction equipment transmissions, axles, Adawadkar Deshmukh & Associates (FRN: 000421), gears and allied components. Cost Auditors of the Company financial year 2026-27, as recommended by Audit Committee and approved by • Purchase of goods including certain components the Board of Directors, be and is hereby ratified.” required for its manufacturing activity (such as ECUs, brakes, clutches, Double-U joints, switches, 8. Toconsiderandapprovemodificationtothematerial various consumables, prototype etc.) related party transaction To consider and if, thought fit, to pass, with or without • Corporate service charges paid to CDTI for availing modification(s), the following resolution as an Ordinary corporate services (such as Sales & Marketing Resolution: support, Global Sourcing, Supply Chain, etc.); and “RESOLVED THAT pursuant to the provisions of Section • Payment of warranty charges in relation to 188 of the Companies Act, 2013 (“Act”), Regulation 23 products sold to CDTI. of the Securities and Exchange Board of India (Listing RESOLVED FURTHER THAT the said transactions shall Obligat [Showing first 8,000 characters — download PDF for full document]