Annual Report

SIL/2026-27/SE Date: 24.08.2026 To To BSE Limited National Stock Exchange of India Ltd, Phiroze Jeeheebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai-400001 Bandra (East), Mumbai– 400051 Script Code: 539221 Symbol: SPORTKING Subject: Corrigendum to the Annual Report for FY 2025–26 – Correction in Other Equity at Page No. 125 Dear Sir/Madam, With reference to the Annual Report of the Company for the financial year 2025–26, we wish to inform you that an inadvertent typographical error has occurred on Page No. 125 under the heading “Other Equity.” The amount disclosed against “Retained Earnings – Balance as at 1st April, 2025” has inadvertently been stated as ₹91,240.78 lakhs. The correct amount should be read as ₹91,349.32 lakhs. Further, the amount disclosed as “Total Equity” has inadvertently been stated as ₹99,295.34 lakhs, whereas the correct amount should be read as ₹99,403.88 lakhs. Accordingly, the relevant figures appearing on Page No. 125 of the Annual Report for the financial year 2025– 26 may kindly be read with the above corrections. We confirm that the above discrepancy is purely inadvertent in nature and is a typographical error in the Annual Report. The correction does not have any impact on the underlying financial position or accounting treatment of the Company. We are enclosing herewith the revised Annual Report for the financial year 2025–26, incorporating the above corrections, for your kind information and records. We request you to kindly take this corrigendum and the revised Annual Report on record. Yours truly, For SPORTKING INDIA LIMITED LOVLESH VERMA COMPANY SECRETARY (ACS: 34171) ANNUAL REPORT 2025-26 PREMIUM QUALITY GLOBAL STANDARDS GLOBAL PRESENCE TRUSTED PARTNER LEADING TEXTILE EXPORTER Delivering value across the YEARS globe with innovation, reliability OF LEGACY & excellence. Built on quality. Driven by people. ANNUAL REPORT 2025-26 BOARD OF DIRECTORS Mr. Munish Avasthi Chairman and Managing Director Mrs. Anjali Avasthi Non-Executive Non Independent Director Mr. Chetan Rupal Executive Director Dr. Sandeep Kapur Independent Director Mrs. Harpreet Kaur Kang Independent Director Mr. Puneet Singhania Independent Director CHIEF FINANCIAL OFFICER STATUTORY AUDITORS Mr. Sandeep Sachdeva SCV & Co. LLP Chartered Accountants, Ludhiana COMPANY SECRETARY AND COMPLIANCE OFFICER SECRETARIAL AUDITOR Mr. Lovlesh Verma Sunny Kakkar & Associates Company Secretaries, Ludhiana BANKERS: COST AUDITOR State Bank of India R.R & Co. IFB Branch, Golden Tower, Cost Accountants, Ludhiana Dholewal Chowk, Ludhiana-141003 REGISTERED / CORPORATE OFFICE Punjab National Bank Village Kanech, Near Sahnewal, Large Corporate Branch G. T. Road, Ludhiana - 141120 Industrial Area-A, Ludhiana - 141003 ADMINISTRATIVE OFFICE Union Bank of India 178, Col. Gurdial Singh Road, MCB Branch Premises No. 5, Dashmesh Complex, Civil Lines, Ludhiana -141001 New Lajpat Nagar, Pakhowal Road, Ludhiana -141001 UNITS: Indian Bank Village Kanech, Near Sahnewal, LCB Branch, 165, Industrial Area, G. T. Road, Ludhiana - 141120 Cheema Chowk, Ludhiana - 141003 Village Barmalipur, Near Doraha Export Import Bank of India Ltd. G. T. Road, Ludhiana -141416 C- 213, Second floor Elante Offices, Plot No. 178-178 A Industrial Area. Phase-1 Village Jeeda, Kotkapura Road, Chandigarh – 160002 Distt. Bathinda - 151201 Bank of India REGISTRAR & TRANSFER AGENT ECCB, Basement, SCF-35, Beetal Financial & Computer Services (P) Ltd. G-Block, BRS Nagar, Beetal House, 3rd Floor, 99 Madangir, Ludhiana Punjab - 141003 Near Dada Harsukhdas Mandir, New Delhi - 110062 Yes Bank Limited B-XX/2427-928, Gobind Nagar, Ludhiana-141001 LATE SH. RAJ KUMAR AVASTHI JI Founder / Chairman of Sportking India Limited 18th June 1946- 23 July 2022 In the month of July 2022, Sh. Raj Kumar Avasthi, founding/chairman of the Company fondly called as “Bau Ji” passed away. He was instrumental in establishing Sportking Group of Industries as India's leading vertically integrated textile conglomerate, which was started by him with his father Sh. Jagdish Chandra Avasthi in 1977. In more than four decades of its existence, Sportking Group has relentlessly continued its journey on the path of fast paced growth under the benevolent vision of late. Sh. Raj Kumar Avasthi. Sh. Raj Kumar Avasthi was on the Board of the Company since inception and the Company has immensely benefitted from his vision and leadership during his tenure. His passing away will be a great loss to the Company and all the Directors and Employees of the company/group companies convey deep sympathy, sorrow and condolences to his family. We are and will always be extremely grateful for his contribution to the company and society and hold the deepest gratitude for the same. He has done a lot of important work in Punjab for the growth of textile/ readymade and yarn sector. He always focused on making the youth especially rural women folk self-reliant. For this, he had encouraged the youth in the retail sector and provided training to the youth by giving them better pay and stipend. Along with this, he was also involved in the state and national level textile committees. He also built a Sportking Fashion Institute to connect Ludhiana with lifestyle and fashion. We endeavour to fulfil the legacy that he has left behind which is eternal in the roots of the company and its employees. His ever-graceful presence will always missed. CONTENTS PAGE NO. Journey So far & Key Performance Indicators Notice 9-22 Directors’ Report 23-53 Business Responsibility & Sustainability Reporting 54-89 Corporate Governance Report 90-114 Independent Auditors’ Report 115-122 Balance Sheet 123 Profit & Loss Statement Statement of Changes in Equity Cash Flow Statement 126-127 Notes to Financial Statements 128-187 Date and Time of AGM: 12th September 2026 at 10.30 AM DETAIL OF Details of Remote E-Voting DETAIL OF Record date / cut-off date: 05th September 2026 37TH ANNUAL 35TH ANNUAL GENERAL Start date and time: GENERAL MEETING Wednesday, 09th September 2026 at 09.00 AM MEETING End date and time: Friday, 11th September 2026 at 05.00 PM JOURNEY SO FAR OVERVIEW OF BUSINESS PRODUCT RANGE 110000%% CCoottttoonn YYaarrnnss 100%cottoncombedcompactyarnsinnormalandsublimequalityforknitting andweaving 100%cottoncombedcompactslub 100%cottoncombedElitwist PPoollyyeesstteerr//CCoottttoonn BBlleennddeedd YYaarrnnss Polyester/cottoncombedyarns Polyester/cottonMelangeyarns FFaannccyyYYaarrnnss Jaspeyarns,Jaspeslubyarns,injectionslubyarnsandsnowyarns. DDyyeeddYYaarrnnss 100%cottonandPCblendeddyedyarns AAccrryylliicc && AAccrryylliicc//PPoollyyeesstteerr BBlleennddeedd YYaarrnnss 100%Acrylichighbulkyarns 100%AcrylicNonbulkyarns Acrylic/polyesterblendedhighbulkyarns MANUFACTURING FACILITIES & CAPACITIES - Leveraging Technology PRESENCE ACROSS THE GLOBE - Leading Textile Exporter Canada Germany Belgium USA Italy Portugal SouthKorea Spain China Morocco Tunisia Mexico Egypt HongKong Macao Bangladesh Vietnam Panama Ethiopia Thailand Columbia Malaysia SriLanka Kenya Singapore Brazil Tanzania Mauritius SouthAfrica MARQUEE CUSTOMERS - Reliable partner for Global Brands CERTIFICACTEERS T&I FCIOCMATPELSIA &N CCOEM - PTeLsIAtaNmCeEnSt to Quality HISTORICAL FINANCIAL CHARTS HISTORICAL PROFIT & LOSS STATEMENT ANNUAL REPORT 2025-26 Notes ANNUAL REPORT 2025-26 NOTICE NOTICE is hereby given that the 37th Annual General Meeting of the members of Sportking India Limited will be held on Saturday, the 12th day of September, 2026 at 10.30 AM at Registered Office of the Company situated at Village Kanech, Near Sahnewal, GT Road, Ludhiana- 141120 (Punjab) to transact the following business: ORDINARY BUSINESS 1. To receive, consider and adopt the Standalone 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 and in this regard, to consider and if thought fit, to pass, with or without modification(s), the [Showing first 8,000 characters — download PDF for full document]