Pursuant to Regulation 30 & 34(1) of SEBI (LODR) Regulation, 2015, please find enclosed soft copy of Company''s Annual Report for Financial Year ended 2025-2026 along with Notice of 47th ....

Forward Looking Statement This Annual Report for the financial year 2025–26 contains certain forward-looking statements intended to enable investors and other stakeholders to better understand the Company’s future business prospects and make informed decisions. These statements, whether written or oral, are based on the current expectations, estimates, assumptions and projections of the management regarding future events and business performance. Forward-looking statements can generally be identified by the use of words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other similar expressions that indicate future events or performance. While the Company believes that the expectations reflected in these forward-looking statements are reasonable and based on prudent assumptions, there can be no assurance that such expectations will prove to be correct. Actual results may differ materially from those expressed or implied in these statements due to various risks and uncertainties, including changes in economic conditions, government policies, regulatory developments, industry trends, market demand, raw jute availability and prices, input costs, competition, and other factors beyond the Company’s control. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required under applicable laws and regulations. The Annual Report for the financial year 2025–26 is available on the Company’s website at www.ludlowjute.com. BETWEEN THE COVERS STATUTORY SECTION 1-49 Corporate Information 1 Notice 2-16 Board’s Report 17-22 Management Discussion & Analysis 23-25 Annexure to the Board Report 26-30 Report on Corporate Governance 31-49 FINANCIAL SECTION 50-114 Independent Auditor’s Report 51-61 Balance Sheet 62 Statement of Profit & Loss 63 Cash Flow Statement 64-65 Statement of Changes in Equity 66 Notes on Financial Statements 67-114 CORPORATE INFORMATION Forty Seventh Annual Report 2025-26 BOARD OF DIRECTORS AUDITORS Statutory Auditor J K V S & Co. Mr. Ashish Chandrakant Agrawal Chartered Accountants Managing Director Edcons Court, 7/1B, Hazra Road,2nd Floor Mr. Anand Agarwal Kolkata-700026 Non- Executive Independent Director Mr. Parimal Gunvantrai Ajmera Internal Auditor Non- Executive Independent Director B J B & Associates Mr. Sanjay Kumar Agarwal Secretarial Auditor Non- Executive Non Independent Director Sachin Pilania, Practicing Company Secretary Cost Auditor Ms. Sruti Sukul SPK & Associates Non- Executive Non Independent Director BANKERS CHIEF FINANCIAL OFFICER YES Bank Limited Mr. Rajesh Kumar Gupta Canara Bank COMPANY SECRETARY & COMPLIANCE OFFICER REGISTRAR & SHARE TRANSFER AGENTS Ms. Neha Jain MCS Share Transfer Agent Limited 383 Lake Gardens, 1st Floor, Kolkata – 700 045 Phone: (033) 4072 4051/52/53 Fax: (033) 4072 4050 E-mail id: mcssta@rediffmail.com REGISTERED OFFICE Kankaria Estate, 5th Floor, 6 Little Russell Street, Kolkata – 700 071, West Bengal, India CIN: L65993WB1979PLC032394 Email: info@ludlowjute.com Website: www.ludlowjute.com Ph. No. (033) 2288-0064 PLANT LOCATION P.O. Chengail, Howrah – 711 308 ANNUAL REPORT 2025-2026 Statutory Section Notice NOTICE is hereby given that the Forty Seventh Annual General Meeting of the members of Ludlow Jute & Specialities Limited (herein after referred as the “Company”) will be held on Friday, 11th day of September 2026 at 11:30 A.M. through video conferencing (VC) or other audio-visual means (OAVM) to transact the following business: ORDINARY BUSINESS: 1. To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2026 and the Reports of the Board of Directors and Auditors thereon. 2. To appoint a director in place of Ms. Sruti Sukul (DIN: 10794840), who retires by rotation at this Annual General Meeting and being eligible, offers herself for re-appointment. SPECIAL BUSINESS: 3. Re-appointment of Mr. Ashish Chandrakant Agrawal as Managing Director To consider and, if thought fit to pass with or without modification(s), the following resolution as a Special Resolution: “RESOLVED THAT pursuant to the provisions of Sections 196, 197, 198, 203 and all other applicable provisions, if any, of the Companies Act, 2013 (“the Act”), read with Schedule V to the Act and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including any statutory modification(s) or re-enactment(s) thereof for the time being in force, and pursuant to the recommendation of the Nomination and Remuneration Committee and the approval of the Board of Directors, the consent of the Members be and is hereby accorded for the re-appointment of Mr. Ashish Chandrakant Agrawal (DIN: 10198821) as the Managing Director of the Company for a further term of three (3) consecutive years, on the same terms and conditions, including remuneration, as approved by the Board of Directors, and whose office shall not be liable to determination by retirement of directors by rotation.” RESOLVED FURTHER THAT the Board of Directors or Chief Financial Officer or Company Secretary of the Company be and are hereby authorised to do all such acts, deeds, matters and things and to execute all such documents, writings and filings as may be necessary, desirable or expedient for giving effect to this Resolution, including filing the requisite forms and returns with the Registrar of Companies and other statutory authorities.” 4. Amendment of Articles of Association of the Company To consider and, if thought fit to pass with or without modification(s), the following resolution as a Special Resolution: “RESOLVED THAT pursuant to the provisions of Section 14 of the Companies Act, 2013, the Articles of Association of the Company be and is hereby altered by insertion of Article 133 under Clause VIII immediately after (6) General Power with new heading “(7) Appointment of Chairman Emeritus” as follows: Article No. APPOITMENT OF CHAIRMAN EMERITUS 133 i. The Board shall be entitled to appoint any person who has rendered significant or distinguished services to the Company or to the Industry to which the Company’s business relates or in the public field, as the Chairman Emeritus of the Company. ii. The Chairman Emeritus shall hold office until they resigns office or a resolution to that effect is passed by the Board. iii. The Chairman Emeritus may be invited to attend any meetings of the Board or Committee thereof, but shall not have any right to vote and shall not be deemed to be a party to any decision of the Board or Committee thereof. iv. The Chairman Emeritus shall not be deemed to be a Director for any purposes of the Act or any other statue or Rules made thereunder or these Articles including for the purpose of determining maximum number of Directors which the Company can appoint. v. The Board may decide to make any payment in any manner for any services rendered by the Chairman Emeritus to the Company. vi. If at any time the Chairman Emeritus is appointed as a Director of the Company they may at their discretion retain the title of the Chairman Emeritus. Annual Report 2025-26 1 Notice RESOLVED FURTHER THAT the Board of Directors or Chief Financial Officer or Company Secretary of the Company be and are hereby authorised to do all such acts, deeds, matters and things and to execute all such documents, writings and filings as may be necessary, desirable or expedient for giving effect to this Resolution, including filing the requisite forms and returns with the Registrar of Companies and other statutory authorities.” 5. Appointment of Mr. Awanti Kumar Kankaria as Chairman Emeritus To consider and, if thought fit to pass with or without modif [Showing first 8,000 characters — download PDF for full document]