Annual Report for the Financial Year 2025-26

ACKNIT INDUSTRIES LIMITED Date: 20-08-2026 To, To, BSE Ltd. The Calcutta Stock Exchange Ltd. Floor 25, P.J Towers 7, Lyons Range Dalal Street, Mumbai-400001 Kolkata-700001 SCRIP CODE: 530043 SCRIP CODE: 10011078 Dear Sir/ Madam, Sub: Annual Report for the Financial Year 2025-26 Pursuant to Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith a copy of the Annual Report of the Company for the Financial Year 2025-26. Kindly take the same on your records. Thanking you. Yours’ faithfully, For ACKNIT INDUSTRIES LIMITED Sneha Gupta Company Secretary & Compliance Officer M.No.: A74327 Encl: Annual Report 2025-26 Registered & Corporate Office : “Ecostation”, Block-BP, Plot No. - 7, Sector V, 5th Floor, Suit No. - 504, Salt Lake, Kolkata – 700 091 (India) Phone : 033-2367-5555 / +91-8420047801, Email: calcutta@acknitindia.com, Website : https://www.acknitindia.com CIN – L32902WB1990PLC050020 A I L CKNIT NDUSTRIES IMITED A I L CKNIT NDUSTRIES IMITED CIN : L32902WB1990PLC050020 BOARD OF DIRECTORS Mr. Shri Krishan Saraf -M anaging Director Mr. Deo Kishan Saraf -W hole-Time Director Mr. Abhishek Saraf -W hole-Time Director Mrs. Rashi Saraf -N on-Executive Non-Independent Director Mr. Rajarshi Ghosh -N on-Executive Independent Director Mr. Shankar Lal Bajaj -N on-Executive Independent Director Mr. Mukul Banerjee -N on-Executive Independent Director till 29th May 2026 (completion of tenure) Mr. Jadav Lal Mukherjee -N on-Executive Independent Director till 29th May 2026 (completion of tenure) Mr. Tushar Jhunjhunwala -A dditional Director Mr. Amitava Mazumder -A dditional Director CHIEF FINANCIAL OFFICER (CFO) Mr. Bishnu Kumar Kesan COMPANY SECRETARY & COMPLIANCE OFFICER Ms. Paulami Mukherjee till 17th June, 2025 Ms. Sneha Gupta Appointed w.e.f. 13th August, 2025 AUDITORS SRB & Associates Chartered Accountants A-3/7, Gillanders House, 8, N.S. Road, Kolkata- 700 001 BANKERS State Bank of India REGISTERED OFFICE “Ecostation”, Block - BP, Plot No. 7, Sector - V 5th Floor, Suit No. 504, Salt Lake, Kolkata - 700 091 Ph : (033) 2367-5555 E-mail : calcutta@acknitindia.com Website : www.acknitindia.com REGISTRAR & SHARE TRANSFER AGENT S. K. Infosolutions Pvt. Ltd. D/42, Katju Nagar Colony, Ground Floor, PO & PS - Jadavpur, Kolkata - 700 032 Telephone No.- (033) 2412 0027/0029 E-mail: contact@skcinfo.com/skcdilip@gmail.com Website: www.skcinfo.com ACKNIT INDUSTRIES LIMITED ACKNIT CONTENTS Notice 1-11 Directors’ Report 12-33 Independent Auditor's Report 34-40 Balance Sheet 41 Statement of Profit & Loss 42 Statement of Changes in Equity 43 Cash Flow Statement 44 Notes to the Financial Statements 45-71 ACKNIT INDUSTRIES LIMITED ACKNIT NOTICE OF THE 36TH ANNUAL GENERAL MEETING RESOLVED FURTHER THAT the Board of Directors of the Company and the Company Secretary of the Company be and NOTICE is hereby given that the 36th Annual General are hereby authorised to do all such acts, deeds and things and Meeting ("AGM") of the Members of ACKNIT INDUSTRIES execute all such documents, instruments and writings as may LIMITED ("the Company") will be held on Wednesday, the be necessary, proper or expedient to give effect to this 16th day of September, 2026 at 11:30 a.m. through Video resolution." Conferencing ("VC") / Other Audio-Visual Means ("OAVM") to transact the following business.: 6. To approve appointment of Mr. Tushar Jhunjhunwala (DIN:00025078) as a Non-Executive Independent Director ORDINARY BUSINESS : To consider and if thought fit, to pass with or without 1. To receive, consider and adopt the Audited Standalone modifications, the following resolution as a Special Resolution: Financial Statements of the Company together with the Reports of the Directors and Auditors thereon for the financial "RESOLVED THAT pursuant to the provisions of Sections year ended 31st March, 2026. 149, 150, 152 and other applicable provisions, if any, of the Companies Act, 2013 read with Schedule IV thereto, the 2. To declare a final dividend of Rs.1.50 (15%) per equity Companies (Appointment and Qualification of Directors) share of face value of Rs.10 each for the financial year ended Rules, 2014, including any statutory modification(s) or re- 31st March, 2026. enactment(s) thereof for the time being in force and Regulation 3. To appoint a Director in place of Mr. Deo Kishan Saraf (DIN: 17 and 25 of the SEBI (Listing Obligations and Disclosure 00128804), who retires by rotation and being eligible, offers Requirements) Regulations, 2015, Mr. Tushar Jhunjhunwala himself for re-appointment. (DIN:00025078), who was appointed as an Additional Director of the Company on 14th July, 2026, by the Board of Directors of SPECIAL BUSINESS : the Company and holds office up to the date of this Annual 4. To re-appoint Mr. Rajarshi Ghosh (DIN:05270177) as a General Meeting under Section 161 of the Act, and in respect of Non-Executive Independent Director whom the Company has received a notice in writing from a shareholder under Section 160 of the Act proposing his To consider and if thought fit to pass, with or without candidature for the office of Director of the Company, be and is modification(s), the following resolution as a Special hereby appointed as an Independent Director of the Company, Resolution: not liable to retire by rotation for a term of five (5) consecutive "RESOLVED THAT pursuant to the provisions of Sections 149, years commencing from 14th July, 2026 to 13th July, 2031." 150, 152 and other applicable provisions, if any, of the RESOLVED FURTHER THAT the Board of Directors of the Companies Act, 2013 read with Schedule IV thereto, the Company and the Company Secretary of the Company be and Companies (Appointment and Qualification of Directors) are hereby authorised to do all such acts, deeds and things and Rules, 2014, including any statutory modification(s) or re- execute all such documents, instruments and writings as may enactment(s) thereof for the time being in force and Regulation be necessary, proper or expedient to give effect to this 17 and 25 of the SEBI (Listing Obligations and Disclosure resolution." Requirements) Regulations, 2015, and based on the recommendation of the Nomination and Remuneration 7. To approve appointment of Mr. Amitava Mazumder Committee and approval of the Board of Directors of the (DIN:06441635) as a Non-Executive Independent Director Company, the consent of the members be and is hereby To consider and if thought fit, to pass with or without accorded for the re-appointment of Mr. Rajarshi Ghosh modifications, the following resolution as a Special Resolution: (DIN:05270177) as a Non-Executive Independent Director of “RESOLVED THAT pursuant to the provisions of Sections the Company for a second term of five (5) consecutive years 149, 150, 152 and other applicable provisions, if any, of the commencing from 30th June, 2026 to 29th June, 2031, not Companies Act, 2013 read with Schedule IV thereto, the liable to retire by rotation. Companies (Appointment and Qualification of Directors) RESOLVED FURTHER THAT the Board of Directors of the Rules, 2014, including any statutory modification(s) or re- Company and the Company Secretary of the Company be and enactment(s) thereof for the time being in force and Regulation are hereby authorised to do all such acts, deeds and things and 17 and 25 of the SEBI (Listing Obligations and Disclosure execute all such documents, instruments and writings as may Requirements) Regulations, 2015, Mr. Amitava Mazumder be necessary, proper or expedient to give effect to this (DIN:06441635), who was appointed as an Additional Director resolution." of the Company on 14th July, 2026, by the Board of Directors of the Company and holds office up to the date of this Annual 5. To re-appoint Mr. Shankar Lal Bajaj (DIN:00619282) as a General Meeting under Section 161 of the Act, and in respect of Non-Executive Independent Director whom the Company has received a notice in writing from a T [Showing first 8,000 characters — download PDF for full document]