ANNUAL REPORT FOR FY 2025-26

BHANDARI HOSIERY EXPORTS LIMITED REGD. OFFICE: BHANDARI HOUSE, VILLAGE MEHARBAN, RAHON ROAD, LUDHIANA-141007 (PUNJAB) (INDIA) PHONES: +91-88720-16410, FAX: +91-161-2690394, E-mail: bhandari@bhandariexport.com Web: www.bhandariexport.com; Corporate Identification No.: L17115PB1993PLC013930 20.08.2026 To, To, Department of Corporate Relations, National Stock Exchange of India Ltd, BSE Limited, Exchange Plaza, C- 1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai – 400001 Mumbai– 400051 Scrip Code: 512608 Symbol: BHANDARI Dear Sir, Sub: - Submission of Annual Report as per regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), as amended from time to time, we hereby submit the 33rd Annual Report of the Company for the financial year ended March 31, 2026 comprising of, inter-alia, Notice of the 33rd AGM of the Company, Board's Report along with its annexures, Management Discussion & Analysis Report, Report on Corporate Governance, Independent Auditors' Report, Audited Financial Statements (Standalone), including Cash Flow Statements on Standalone basis and relevant Notes attached thereto. In compliance with relevant circulars issued by Ministry of Corporate Affairs and the Securities and Exchange Board of India, The Annual Report for the financial year 2025-26, the Notice of 33rd AGM and other documents required to be attached thereto, is also being sent through electronic mode to all the members of the Company whose email addresses are registered with the Company/ Company’s Registrar and Transfer Agent/ Depository Participant(s). Further a letter containing the weblink of the Annual Report for FY 2025-26, will be sent to those shareholders whose email addresses are not registered. The Annual Report for FY 2025-2026 will also be made available on the website of the Company at www.bhandariexport.com Thanking You Yours Sincerely, For Bhandari Hosiery Exports Limited, Shilpa Tiwari Company Secretary & Compliance Officer M.No. A59374 Page Nos. Corporate Overview -Corporate information 1 -At a Glance 2 -Business Verticals 2 -Financial Performance 3 -Corporate Social Responsibility 4 -Board of Directors 5 -Chairman & MD Message 6-7 Statutory Reports -Notice 8-23 -Directors’ Report 24-42 -Management Discussion and Analysis Report 43-49 -Corporate Governance Report 50-74 -Independent Auditors’ Report 75-84 Financial Statements -Balance Sheet 85 -Statement of Profit &Loss 86 -Cash Flow Statement 87 -Notes to Financial Statements 88-119 -Proxy form and Attendance Slip 120-121 - MAP - CORPORATE INFORMATION BANKERS REGISTERED OFFICE State Bank of India BHANDARI HOSIERY EXPORTS LTD. IFB Branch, Golden Tower Bhandari House, Village Meharban, Rahon Road, Dholewal Chowk, GT Road Ludhiana-141007, Punjab, India Ludhiana-141003 Phones-+91 88720-16410 Fax: +91-161-2890394 Union Bank of India Email: bhandari@bhandariexport.com (B-XV-295/B & B-XV-295/ C, Near Oswal CIN : L17115PB1993PLC013930 Street, Millerganj, G T Road, Ludhiana-141003 INDEPENDENT DIRECTORS HDFC Bank Ms. Komal Bhalla Focal Point, Industrial Branch Ms. Alka Gambhir Ludhiana-141010 Mr. Rohit Kumar Chhabra Ms. Sharon Arora South Indian Bank Cheema Chowk, Industrial Area A WEBSITE Ludhiana-141003 www.bhandariexport.com INDEPENDENT AUDITORS M/S Raj Gupta & Co. ISIN 1839, Sector 22-B, Chandigarh-160022 INE474E01029 LISTING: BSE, NSE COMPANY SECRETARY Ms. Shilpa Tiwari REGISTERAR & SHARE TRANSFER AGENTS M/S MUFG Intime India Pvt Ltd KEY MANAGERIAL PERSONNEL (Formerly known as Link Intime India Pvt Ltd) Mr. Nitin Bhandari- Managing Director Noble Heights, 1st Floor, Plot NH 2, C-1 Block LSC, Mr. Deepak Sharma- Chief Financial Officer Near Savitri Market, Janakpuri, New Delhi - 110058 Ms. Shilpa Tiwari- Company Secretary Email: delhi@linkintime.co.in, Phones: 011- 41410592-94 BHANDARI HOSIERY AT A GLANCE Fully Integrated Business Model Design > Fabrics > Garments Fabrics Division 15 tons Per Day Fabric Dyeing Compaction width and Tubular width. Rotary Fabric Printing 6 tons per day State of Art fully computerized Rotary Fabric Printing Plant Garments Division 10,000 Pcs per day Garments Stitching & Finishing Lowest Utility Consumption Lowest water, steam and power consumption due to modernized machinery Specialized Fabrics Viscose, Lycra, Cotton and Blends Fit For Fast Changing Fashion World Fast delivery turnaround time BUSINESS VERTICLES FABRICS & GARMENTS PRODUCTS PROFILE FABRICS GARMENTS • Circular Knitted Fabrics • Women’s Wear ➢ Natural ➢ Tees ➢ Synthetic ➢ Leggings • Open & Tubular width Fabrics • Men’s Wear ➢ T-shirts ➢ Sweat Shirts ➢ Pullovers ➢ Polo • Specialised Finishes • Kids Wear ➢ Teflon ➢ T-shirts ➢ Stain resistance ➢ Sweat Shirts ➢ Viscose ➢ Pullovers ➢ Lycra ➢ Polo ➢ Joggers FINANCIAL PERFORMANCE Turnover (in Lacs) EBITDA (in Lacs) 30000 3000 20000 2000 Turnover (in 10000 1000 EBITDA (in Lacs) Lacs) PAT (in Lacs) Dividend (Per Share) 800 0.02 600 0.015 400 0.01 Profit After Tax Dividend (Per 200 0.005 (in Lacs) Share) Net Worth (in Lacs) 20000 15000 10000 Net Worth (in 5000 Lacs) CORPORATE SOCIAL RESPONSIBILITY At Bhandari Hosiery Exports Limited, we recognize that long-term business success goes hand in hand with social responsibility and environmental stewardship. Our Corporate Social Responsibility (CSR) initiatives reflect our commitment to make a positive impact on the communities where we operate, supporting sustainable practices and upholding ethical standards across all areas of our business. We supported a range of community programs, including education, healthcare and local development projects. We foster an inclusive workplace that prioritizes employee health, safety and professional growth. We remain committed to transparent governance and compliance with all applicable regulations. Our CSR strategy is aligned with global best practices and guided by clear ethical standards. Our CSR Program At Bhandari Hosiery Exports Limited, our CSR Program reflects our deep commitment to create meaningful, lasting change in the communities we serve. In FY 2025-26, our efforts were concentrated on three core focus areas: Education, Women Empowerment and Environmental Sustainability. These pillars guide our strategy and ensure our initiatives contribute to a more inclusive and sustainable future. We believe education is the cornerstone of empowerment and progress. We are committed to fostering gender equality and enabling women to achieve economic independence & leadership and we take our environmental responsibility seriously. We believe that responsible business is not just an obligation – it is a key driver of innovation, resilience and stakeholder trust. Looking ahead , we will continue to integrate sustainability and responsibility into every aspect of our operations. BOARD OF DIRECTORS MR. VIKAS NAYAR MR. NITIN BHANDARI NON-EXECUTIVE DIRECTOR CHAIRMAN & MANAGING DIRECTOR DIN: 00071047 DIN: 01385065 MS. KOMAL BHALLA MR. RAJESH KUMAR INDEPENDENT DIRECTOR NON-EXECUTIVE DIRECTOR DIN: 08805488 DIN: 05160964 MS. ALKA GAMBHIR MS. SHARON ARORA INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR DIN: 08805488 DIN: 09450764 MR. ROHIT KUMAR CHHABRA INDEPENDENT DIRECTOR DIN: 11131326 CHAIRMAN & MANAGING DIRECTOR’S MESSAGE Dear Shareholders, I hope this message finds you in good health and high spirits. This message allows me to share your company’s achievements during fiscal year 2025-26. Our aim is to build on our achievements, overcome our challenges and continue driving growth and innovation. The Financial Year 2026 was yet another year of significant challenges across the globe. Deteriorated global geopolitical situation and economic uncertainty, including higher energy and food prices, mounting inflation rates and volatile markets have impacted all the nations. India withstood the challenges by [Showing first 8,000 characters — download PDF for full document]