Transcript of 47th AGM of Company held on August 12, 2026.

lndag Rubber Limited Regd. Office: Khemka House, 11, Community Centre, Saket, New Delhi ·110017, India Phone: 26963172-73, 26961211, 26863310, 41664818, 41664043; Fax: 011- 26856350 E-mail: info@indagrubber.com; Website: www.indagrubber. com; CIN-L74899DL1978PLC009038 Works: VPO Bhogpur, Jhiriwala, Tehsil Nalagarh, Distt. Solan, Himachal Pradesh - 174101, India Phone: +91-9736000123 ISO 900 1: 2015 ISO 14001:2015 ISO 45001:2018 August 19, 2026 BSE Limited (Company code-1321) Phiroze Jeejeebhoy Towers, (Scrip code-509162) Dalal Street, Mumbai-400001 Subject: Transcript of the 47th Annual General Meeting of the Company Dear Ma’am/Sir, Please find enclosed the transcript of the 47th Annual General Meeting of the Company held on Wednesday, August 12, 2026 at 05:00 P.M. (IST), through video conferencing/ other audio-visual means. This transcript is also available on the Company’s website at www.indagrubber.com. This is for your information and records please. Thanking you, Yours faithfully, For Indag Rubber Limited Sonal Garg Company Secretary & Compliance Officer (ACS 24598) ---------- The only alternative to new tyres ------------- Transcript of 47th Annual General Meeting (AGM) Indag Rubber Limited August 12, 2026, 05:00 P.M. (IST) Company Secretary: Good afternoon Ladies & Gentlemen! I, Sonal Garg, Company Secretary, have joined the 47th AGM through video conferencing from New Delhi on 12th August, 2026 at 05:00 PM. Before I hand over the proceedings to the Chairman, I would like to highlight the following points: 1. Company had provided the facility to cast the votes electronically, on all resolutions set forth in the Notice of this AGM. Members who have not cast their votes electronically and who are participating in this meeting have been given an opportunity to cast their votes during the meeting, details of which have already been shared in the Notice. 2. We have received requests from some Members for registration as speaker shareholders in the AGM today. Such Members shall be allowed to speak once the Chairman directs the same. We request speakers to limit their speech to 2 minutes to provide an opportunity to other Members. 3. The Register of Directors and Key Managerial Personnel and their shareholding, the Register of Contracts, and other documents referred to in the AGM Notice are available for inspection during the meeting, as uploaded on the website of the Company at the link provided in the Notice. 4. The proceedings of this meeting are being recorded for compliance purposes. I hereby confirm that requisite quorum is present. Before the Chairman starts the meeting, may I request all other Directors and KMPs present in the meeting to kindly state their name and confirm their location. Company Secretary: Mr. Nikhil Khanna. Mr. Nikhil Khanna: My name is Nikhil Khanna and I am attending this meeting from my residence in Sundar Nagar, New Delhi. Company Secretary: Thank you sir. Mr. Raj Agrawal is facing some technical issues, so he will join us soon. Ms. Ranjana Agarwal. Page 1 of 14 Ms. Ranjana Agarwal: Good afternoon. I am attending the meeting from my residence in New Delhi. Company Secretary: Thank you ma'am. Mr. Shiv Khemka. Mr. Shiv Khemka: Good afternoon, everyone. This is Shiv Khemka attending this meeting from New Delhi. Thank you. Company Secretary: Thank you sir. Mr. Sushil Kumar Dalmia. Mr. Sushil Kumar Dalmia: A very good afternoon ladies and gentlemen. I am Sushil Kumar Dalmia, Independent Director of your Company and I have joined the meeting from New Delhi. Thank you. Company Secretary: Thank you sir. Mr. Uday Khemka. Mr. Uday Khemka: Good afternoon, everyone. I am Uday Khemka. I am joining this call from my residence in New Delhi. Nice to be with you. Company Secretary: Thank you sir. Mr. Vijay Shrinivas. Mr. Vijay Shrinivas: Good afternoon, everyone. I am Vijay Shrinivas, Chief Executive Officer and Whole-time Director of your Company. I am attending this meeting from our Corporate office at Saket, New Delhi. Thank you. Company Secretary: Thank you sir. Mr. Anil Bhardwaj. Mr. Anil Bhardwaj: Good afternoon, everyone. I am Anil Bhardwaj, Chief Financial Officer, attending this meeting from the Saket office, New Delhi. Company Secretary: Thank you very much everyone. Mr. Raj Kumar Agrawal, Chairman of Audit Committee and Stakeholders’ Relationship Committee of the company is also present at the meeting virtually from New Delhi. Apart from Directors & KMPs, authorised representatives of Khanna & Annadhanam, Statutory Auditors and RMG & Associates, Secretarial Auditors, are also present in the meeting from New Delhi. Page 2 of 14 Pursuant to Article 66 of the Articles of Association of the Company, I now request Mr. Nand Khemka, Chairman cum Managing Director of the Company, to kindly take the Chair and commence the meeting. Chairman: Good afternoon Members, a very warm welcome to you at 47th Annual General Meeting of Indag Rubber Limited, being virtually held. I, Nand Khemka, Chairman cum Managing Director of your Company have joined this AGM from New Delhi. As the requisite quorum is present, I declare the meeting open. This AGM has been convened through video conferencing in compliance with the circulars issued by Ministry of Corporate Affairs and SEBI, which exempt physical attendance of the Members to the AGM venue. As you are aware, Mr. Nikhil Khanna, Chairman of Nomination & Remuneration Committee; Mr. Raj Kumar Agrawal, Chairman of Audit Committee and Stakeholders’ Relationship Committee; Mr. Uday Khemka, Chairman of Corporate Social Responsibility Committee; and authorized representatives of Auditors are present at the meeting. Company's accounts for year ended March 31, 2026, along with Directors' and Auditors' reports, Report on Corporate Governance and Management Discussion & Analysis, have already been circulated electronically. There is no qualification, reservation or remarks in the Statutory Auditors’ Report and Secretarial Auditors’ Report. With the concurrence of all the Members present, I take them as read. During the year, your Company had total income of approx. Rs. 225 crores as against Rs. 237 crores in previous year. The profit before finance cost and depreciation amounted to Rs. 22 Crores 43 lacs against Rs. 16 crores 48 lacs in the previous year. Profit after tax in FY 2026 was Rs. 12 crores 38 lakhs against Rs. 8 crores 42 lacs in FY 2025, supported by a more favourable raw material cost environment for most of the year, along with an improved product and channel mix. Looking ahead, FY 2026–27 is expected to remain volatile subject to global supply dynamics and crude oil–linked price Page 3 of 14 cycles. The tightening of global raw material supplies following the escalation of tensions in West Asia in early 2026 is expected to impact both the tyre manufacturing and tyre retreading industries. Your Company's subsidiary, Millenium Manufacturing Systems Pvt. Ltd., also began to contribute to consolidated revenue with the receipt of its first commercial order during the year. Our strategic priorities for the coming year(s) remain firmly focused on creating sustainable value for all our stakeholders. The outlook for current financial year is constructive on the fronts of: i) The Private segment, the largest contributor to your Company's revenue, continues to demonstrate resilience. Relationships with franchisee partners have been deepened, with more frequent communication on raw material trends, technical support and product programmes. ii) Your Company is positioned as an end-to-end products and solutions provider in the retreading segment, with a clear focus on national accounts and large fleet owners. iii) The economic value proposition of retreading vis-à-vis a new tyre remains compelling due to increases in fuel, toll and tyre costs for a fleet owners and operators. Your Company will continue to invest in product, channel and operational capability to participate meaningfully in these multi-year [Showing first 8,000 characters — download PDF for full document]