Please find the attached Annual Report of the Company for the 39th Annual General Meeting for the FY 25-26.

VAISHNO CEMENT COMPANY LIMITED ANNUAL REPORT 2025-26 Chairman Message Dear Valued Shareholders, On my behalf and on behalf of the Board of Directors, I welcome you all to this 39th Annual General Meeting of Company. I feel honored and privileged once again to present you with the Annual Report for the Financial Year 2025-26. It gives me an opportunity to share my thoughts and the Company’s progress during the year as well as the way forward. It will not be out of place at this juncture to say that your Company’s ability deliver growth and sustain business gradually. The momentum is attributable to its ability to remain relevant to its esteemed customer’s changing choice, preference and need. I would like to take this opportunity on behalf of the Board of Directors and its leadership team to thank each shareholder, Banks for their continued co-operation, support and commitment to the Company. Success is working together and not a destination; it is with this hope and faith I look forward to your continuous confidence in your Company embarking on the next phase of its growth journey. Jatin Nanji Chheda Whole Time Director & Chairman VAISHNO CEMENT COMPANY LIMITED ANNUAL REPORT 2025 - 26 Contents Page No Corporate Information 1 Notice of the Annual General Meeting 2-23 Directors Report 24-41 Management Discussion & Analysis Report 42-43 Secretarial Audit Report 44-48 Particulars of Employees and Managerial Remuneration 49-50 Certificate by CFO 51 Certificate of Non- Disqualification of Director 52-53 Independent Auditors Report 54-60 Financials along with Notes and Policies 61-72 VAISHNO CEMENT COMPANY LIMITED ANNUAL REPORT 2025-26 CORPORATE INFORMATION BOARD OF DIRECTORS Mr. Jatin Nanji Chheda Whole Time Director Mrs. Rajeswari Bangal Independent Director Mr. Suman Das Independent Director Mr. Jagannath Jadhav Independent Director Mrs. Jayita Bagchi (upto 10th November, 2025) Independent Director REGISTERED OFFICE STATUTORY AUDITORS 14B Ramchandra Moitra Lane, Kolkata, Kolkata, M/s. Manish Mahavir & Co., Chartered West Bengal, India, 700005. Accountants BANKERS REGISTRAR & TRANSFER AGENT RBL Bank M/s. S K Infosolutions Pvt Ltd. D/42, Katju Nagar, Ground Floor, (Near South City Mall), Jadavpur Kolkata- 700 032. COMPANY SECRETARY & COMPLIANCE OFFICER CHIEF FINANCIAL OFFICER Ms. Nandani Mimani Mr. Jatin Nanji Chheda SECRETARIAL AUDITOR CORPORATE IDENTIFICATION NO. M/s. Nishant Bajaj & Associates L26942WB1992PLC057087 Practicing Company Secretaries, Mumbai OTHER INFORMATION LISTED ON - BSE Limited & The Calcutta Stock Exchange Ltd. WEBSITE- www.vaishnocement.com ISIN- INE116E01018 BSE Scrip Code – 526941 CSE Scrip Code - 32033 VAISHNO CEMENT COMPANY LIMITED ANNUAL REPORT 2025-26 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT 39th ANNUAL GENERAL MEETING OF THE MEMBERS OF VAISHNO CEMENT COMPANY LIMITED WILL BE HELD ON TUESDAY, 15TH SEPTEMBER, 2026 AT 02:00 P.M THROUGH VIDEO CONFERENCING (‘VC’)/ OTHER AUDIO VISUAL MEANS (‘OVAM’) 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, the Reports of the Board of Directors & Auditors thereon; 2. To appoint a director in place of Mr. Jatin Nanji Chheda (DIN: 09342630), who retires by rotation and being eligible, offers himself re-appointment. SPECIAL BUSINESS 3. RE-APPOINTMENT OF MRS. RAJESWARI BANGAL (DIN: 09440356) AS NON-EXECUTIVE INDEPENDENT DIRECTOR OF THE COMPANY: To consider and, if thought fit, to pass the following resolution as a Special Resolution: “RESOLVED THAT pursuant to the provisions of Sections 149, 152 read with Schedule IV and other applicable provisions, if any, of the Companies Act, 2013 (“the Act”) and the Companies (Appointment and Qualification of Directors) Rules, 2014 (including any statutory modification(s) or re-enactment(s) thereof, for the time being in force and Regulation 25 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, consent of the Members be and is hereby accorded for appointment Mrs. Rajeswari Bangal (DIN: 09440356) as an Independent Director for the second term of 5 Years w.e.f. from 19th January, 2027 up to 18th January, 2032 and in respect to which the Company has received the declaration of independence under Section 149(6) of the Companies Act, 2013 and is eligible for appointment and in respect of whom the Company has received a notice in writing from a Member under Section 160 of the Companies Act, 2013 signifying his intention to propose Mrs. Rajeswari Bangal (DIN: 09440356) as a candidate for the office of Director of the Company, be and is hereby appointed as an Independent Director of the Company to hold office for second term of five years from 19th January, 2027 up to 18th January, 2032 and whose office shall not be liable to retire by rotation. VAISHNO CEMENT COMPANY LIMITED ANNUAL REPORT 2025-26 RESOLVED FURTHER THAT Mr. Jatin Nanji Chheda, Whole Time Director & CFO, or Ms. Nandani Mimani, Company Secretary and Compliance Officer of the Company, be and are hereby authorised to sign and submit the necessary application and Forms with appropriate authorities and to perform all such acts, deeds and things as they may in their absolute discretion deem necessary or desirable for and on behalf of the Company for the purpose of giving effect to aforesaid resolution.” 4. RE-APPOINTMENT OF MR. SUMAN DAS (DIN: 09440355) AS NON-EXECUTIVE INDEPENDENT DIRECTOR OF THE COMPANY: To consider and, if thought fit, to pass the following resolution as a Special Resolution: “RESOLVED THAT pursuant to the provisions of Sections 149, 152 read with Schedule IV and other applicable provisions, if any, of the Companies Act, 2013 (“the Act”) and the Companies (Appointment and Qualification of Directors) Rules, 2014 (including any statutory modification(s) or re-enactment(s) thereof, for the time being in force and Regulation 25 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, consent of the Members be and is hereby accorded for appointment Mr. Suman Das (DIN: 09440355) as an Independent Director for the second term of 5 Years w.e.f. from 19th January, 2027 up to 18th January, 2032 and in respect to which the Company has received the declaration of independence under Section 149(6) of the Companies Act, 2013 and is eligible for appointment and in respect of whom the Company has received a notice in writing from a Member under Section 160 of the Companies Act, 2013 signifying his intention to propose Mr. Suman Das (DIN: 09440355) as a candidate for the office of Director of the Company, be and is hereby appointed as an Independent Director of the Company to hold office for second term of five years from 19th January, 2027 up to 18th January, 2032 and whose office shall not be liable to retire by rotation. RESOLVED FURTHER THAT Mr. Jatin Nanji Chheda, Whole Time Director & CFO, or Ms. Nandani Mimani, Company Secretary and Compliance Officer of the Company, be and are hereby authorised to sign and submit the necessary application and Forms with appropriate authorities and to perform all such acts, deeds and things as they may in their absolute discretion deem necessary or desirable for and on behalf of the Company for the purpose of giving effect to aforesaid resolution.” 5. RE-APPOINTMENT OF MR. JATIN NANJI CHHEDA (DIN: 09342630), AS THE WHOLE TIME DIRECTOR OF THE COMPANY: To consider and, if thought fit, to pass the following resolution as a Special Resolution: VAISHNO CEMENT COMPANY LIMITED ANNUAL REPORT 2025-26 “RESOLVED THAT in accordance with the provisions of Sections 196, 197, 198, 203 and all other applicable provisions of the Companies Act, 2013 read with Schedule V of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, Securities and Exchange Boar [Showing first 8,000 characters — download PDF for full document]