In compliance with Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to submit herewith the 13th Annual Report of the Company ....

24th August, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001. BSE Scrip Code: 544369 Subject: Submission of 13th Annual Report for the Financial Year 2025-26 along with the Notice convening the Annual General Meeting of the Company pursuant to Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements), Regulation, 2015. Dear Sir/Madam, In compliance with Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to submit herewith the 13th Annual Report of the Company for the Financial Year 2025-26 along with Notice convening the Annual General Meeting scheduled to be held on Thursday, 17th September, 2026 at 03:00 p.m. through Video Conferencing/ Other Audio-Visual Means (VC/OAVM) and the same is available on the website of the Company i.e. www.beezaasan.com. The Exchange may please take the above information on your record. Thanking You Yours Faithfully, For Beezaasan Explotech Limited (formerly known as Beezaasan Explotech Private Limited) Aakansha Kamley Company Secretary & Compliance Of(cid:976)icer M.No: 69141 ANNUAL REPORT 2026 UNLEASHING POTENTIAL WITH EVERY DETONATION FOR A BRIGHTER FUTURE CONTENTS FINANCIALS (CONSOLIDATED) CORPORATE OVERVIEW 04-22 STATUTORY REPORTS 21-60 About Beezaasan Explotech Corporate Information 14 ₹21,323.53 Lakhs ₹1,327 Lakhs Product Portfolio Notice 15 REVENUE FROM OPERATIONS PROFIT AFTER TAX (PAT) Key Milestones Directors’ Report 23 Chairman and Managing Director’s Message Management Discussion and Analysis 31 Key Performance Indicators Strategic Priorities FINANCIAL STATEMENTS 61-126 ₹2,232.44 Lakhs People Standalone 61 EBIDTA Environment Consolidated 94 Board of Directors CORPORATE INFORMATION Corporate Overview Statutory Reports Financial Reports ABOUT OUR CORE VALUES BEEZAASAN EXPLOTECH SAFETY FIRST Established in 2013 and backed by a legacy of over six decades of industry Safety is the cornerstone of everything we do. We uphold the highest standards in manufac- expertise, Beezaasan Explotech Limited has emerged as a trusted manufacturer of turing, handling, storage, and delivery, fostering a culture where the well-being of our employ- industrial explosives and explosive accessories, serving the mining, infrastructure, ees, customers, communities, and the environment remains paramount. construction, cement, quarrying, and allied industries. Drawing upon generations of technical knowledge and operational excellence, the Company combines INTEGRITY & ETHICS traditional industry expertise with modern manufacturing practices to deliver safe, reliable, and high-performance explosive solutions. We conduct our business with honesty, transparency, and accountability, building enduring relationships based on trust while adhering to the highest standards of corporate governance Since its incorporation on 21 August 2013, Beezaasan Explotech has steadily and regulatory compliance. strengthened its presence in the explosives industry through an unwavering commitment to innovation, quality, safety, and customer satisfaction. Leveraging INNOVATION & EXCELLENCE advanced manufacturing capabilities, robust quality assurance systems, and continuous investments in research and development, the Company develops and We embrace innovation and continuously invest in advanced technologies, research, and pro- manufactures world-class products tailored to meet the evolving requirements of cess improvements to deliver superior products, enhance operational efficiency, and meet the diverse industrial applications. evolving needs of our customers. Safety and compliance remain the cornerstone of the Company’s operations. Every CUSTOMER CENTRICITY aspect of its manufacturing processes, product development, and service delivery is guided by stringent quality standards and regulatory compliance, ensuring Our customers are at the heart of our business. We strive to understand their requirements, operational reliability while fostering a culture of responsibility and continuous deliver reliable solutions, and create long-term partnerships through quality, responsiveness, improvement. Complemented by a customer-centric approach and dedicated and consistent performance. technical support, Beezaasan Explotech has earned the confidence of customers by consistently delivering dependable products and customised blasting solutions. QUALITY WITHOUT COMPROMISE We are committed to maintaining the highest quality standards across every stage of our A defining milestone in the Company’s journey was its successful listing on the operations, ensuring that every product reflects our dedication to precision, reliability, and BSE SME Platform on 3rd March 2025, signifying its transition into a publicly listed excellence. enterprise and reaffirming its commitment to enhanced corporate governance, transparency, and long-term value creation. This achievement reflects the confidence of investors and stakeholders in the Company’s vision, business SUSTAINABILITY & RESPONSIBILITY model, and growth potential. We believe that responsible growth goes hand in hand with environmental stewardship and social responsibility. Through sustainable practices, resource efficiency, and community en- Headquartered in Gandhinagar, Gujarat, Beezaasan Explotech continues to build gagement, we aim to create lasting value for future generations. on its strong foundation by embracing technological advancement, sustainable business practices, and operational excellence. As India accelerates investments in mining, infrastructure, and industrial development, the Company remains well positioned to capitalise on emerging opportunities while creating enduring WHY BEEZAASAN EXPLOTECH value for its customers, employees, shareholders, business partners, and the communities it serves. TRUSTED EXPERTISE INNOVATION FOCUS VISION Over a decade of experience delivering reliable Continuous improvement through technology explosive solutions. and product development. Driving a creative revolution, redefining boundaries, elevating industries, inspiring progress, unlocking endless possibilities for a brighter, inclusive future. SAFETY FIRST CUSTOMER COMMITMENT Stringent safety standards across manufactur- Building lasting partnerships through quality ing and operations. and service. MISSION Our mission is to lead with precision, safety, and innovation in the explosive production industry. As a trusted provider to sectors MODERN MANUFACTURING SUSTAINABLE GROWTH ranging from mining and construction to defense and demolition, we are dedicated Advanced facilities supported by robust quality Creating long-term value through responsible to delivering high-quality, reliable explosive systems. business practices. solutions that empower industries to reach new heights. 6 BEEZAASAN EXPLOTECH LTD | Annual Report 2025-26 7 Corporate Overview Statutory Reports Financial Reports OUR MARKET PRESENCE PRODUCT PORTFOLIO Delivering reliable explosive solutions across India’s key mining, infrastructure, and industrial regions through a robust distribution network, technical expertise, and an unwavering commitment to safety and customer satisfaction. ENGINEERED FOR SAFETY. DESIGNED FOR PERFORMANCE. BUILT FOR RELIABILITY. Beezaasan Explotech Limited offers a comprehensive portfolio of industrial explosives and explosive accessories designed to meet the evolving requirements of mining, quarrying, infrastructure, construction, cement, and allied industries. Manufactured using advanced technology and stringent quality control systems, our products deliver consistent performance, operational safety, and superior blasting efficiency across diverse geological conditions. With a strong commitment to innovation, quality, and regulatory compliance, we provide reliable blasting solutions that enable customers to achieve enhanced productivity while maintaining the highest safety standards. OUR PRODUCT RANGE SLURRY EXPLOSIVES EMULSION EXPLOSIVES DE [Showing first 8,000 characters — download PDF for full document]