Pursuant to Regulations 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the 33rd Annual Report of the Company. The copy ....

To, Date: 25/08/2026 Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001 Ref: Scrip Code: 530977 Scrip Name: M/s. Shri Keshav Cements and Infra Limited. Dear Sir, Pursuant to Regulations 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the 33rd Annual Report of the Company. The copy of the same is also available on the website of the Company viz., www.keshavcement.com. Kindly acknowledge receipt. Thanking You, Yours faithfully, For Shri Keshav Cements and Infra Limited Nikita Karnani Company Secretary SHRI KESHAV CEMENTS AND INFRA LIMITED 33rd Annual Report 2025-26 Growth continued in FY 25-26……  Achieved highest revenue till date of Rs. 161.31 Crores.  Achieved higher year-on-year sales and dispatch growth (FY26 vs FY25) compared to peers in the southern region.  Dispatches increased 36% year-on-year, outperforming regional competitors despite industry over-capacity. SHRI KESHAV CEMENTS AND INFRA LIMITED INDEX Sl. CONTENT PAGE 1. Annual General Meeting Notice 4 2. Directors’ Report 21 3. Management Discussion & Analysis Report 32 4. Corporate Governance Report 52 5. Auditor’s Report 73 6. Balance Sheet 91 7. Profit & Loss Account 92 8. Cash Flow Statement 93 9. Notes to Accounts 95 10. Prox y Form 134 11. Atten dance Slip & Route Map 136 33rd Annual Report 2025-26 Page 1 SHRI KESHAV CEMENTS AND INFRA LIMITED Corporate Information BOARD OF DIRECTORS Mr. Venkatesh H. Katwa - Chairman / Executive Director Mr. Vilas H. Katwa - Managing Director Mr. Deepak H. Katwa - CFO / Executive Director Mrs. Savita Metrani - Independent & Non Executive Mr. Balasaheb A. Mestri - Independent & Non Executive Mr. K. C. Patil - Independent & Non Executive COMPANY SECRETARY - Mrs. Nikita Karnani STATUTORY AUDITORS SECRETARIAL AUDITORS Singhi & Co., Akshay Jadhav & Associates, Chartered Accountants Company Secretaries, 114/1, Sai Complex, 3rd Floor 5th Floor, DK Residency, Roy Road, M G Road, Bangalore – 560001. Tilakwadi, Belgaum-590006 COST AUDITORS M/s. Santosh Kalburgi & Co. Cost Accountants 201, 2nd Floor, R K Pine Tree Apmts, 5th main, Hoyasala Nagar,TC Palaya Main Road, Ramurthy Nagar Bengaluru– 560016. REGISTRAR AND SHARE TRANSFER AGENT MUFG INTIME INDIA PRIVATE LIMITED C-101, Embassy 247 Park , L B S Marg, Vikhroli West, Mumbai 400083 Phone No.: +91 22 49186000 E-mail: rnt.helpdesk@in.mpms.mufg.com Website: www.in.mpms.mufg.com REGISTERED OFFICE 215/2, “Jyoti Tower”, 6th Cross, Nazar Camp, Karbhar Galli, M. Vadgaon, Belagavi – 590 005 33rd Annual Report 2025-26 Page 2 SHRI KESHAV CEMENTS AND INFRA LIMITED PLANTS Plant I: R. S. No.346, at Kaladgi Village Dist.: Bagalkot – 587 313 [KA]. Plant II: R. S. No. 15/4, Mudhol Industrial Area At Nagnapur, Tal.: Mudhol Dist.: Bagalkot – 587 122 [KA]. SOLAR PLANT 1 & 2: Shri Krishna Solar Power Survey No.241 & 245 At Biserahalli, Dist: Koppal Karnataka – 583231[KA]. BANKERS Canara Bank ICICI Bank CORPORATE IDENTITY NUMBER (CIN) L23959KA1993PLC014104 GOODS AND SERVICES TAX (GST) NUMBER 29AAACK8074H1Z8 - Karnataka 27AAACK8074H1ZC - Maharashtra 30AAACK8074H1ZP - Goa 33rd Annual Report 2025-26 Page 3 SHRI KESHAV CEMENTS AND INFRA LIMITED NOTICE Notice is hereby given that the 33rd appointed by the Board on the Annual General Meeting of the recommendation of the Audit Company will be held on Friday, 18th Committee of the Company, to September, 2026 at 10.00 AM at conduct the audit of the cost “Jyoti Tower” 215/2, Karbhar Galli, records of the Company for the Nazar Camp, M. Vadagon, Belagavi – financial year ending March 31st, 590005 to transact the following 2027, be paid remuneration of business:- Rs. 95,000/- (Rupees Ninety-Five Thousand Only) in addition to ORDINARY BUSINESS: applicable taxes and any reimbursement of expenses which may be incurred during the audit 1. To consider and adopt the Audited process. Balance Sheet as at 31st March, 2026 and Profit and Loss Account RESOLVED FURTHER THAT any for the year ended as on that date Director of the company be and is and the Reports of the Directors’ hereby authorized to do all and the Auditors’ thereon. necessary acts and take all such steps as may be necessary, proper 2. To appoint a Director in place of or expedient to give effect to the Mr. Deepak Katwa (DIN: resolution.” 00206445), who retires by rotation and being eligible, offers himself for reappointment. 4. To reappoint Mr. Vilas Katwa (DIN: 00206015) as the Managing Director of the SPECIAL BUSINESS: company. 3. To ratify the remuneration of To Consider and if thought fit, to the Cost Auditors for the pass, with or without financial year ending 31st modification(s), the following March, 2027. resolution as Special resolution: To Consider and if thought fit, to "RESOLVED THAT pursuant to pass, with or without provisions of Sections 152, 196, modification(s), the following 197, 198 and 203 read with resolution as Ordinary Schedule V and the Companies resolution: (Appointment and Remuneration of Managerial Personnel) Rules, “RESOLVED THAT pursuant to 2014, the Securities and Exchange the provisions of Section 148 and Board of India (Listing Obligations all other applicable provisions of and Disclosure Requirements) the Companies Act, 2013 and the Regulations, 2015 and other Companies (Audit and Auditors) applicable provisions, if any, Rules, 2014 (including any (including any statutory statutory modification(s) or re- modi cation(s) or re-enactment(s) enactment thereof, for the time thereof, for the time being in force) being in force), M/s. Santosh the consent of the members be and Kalburgi & Co., Cost Auditors, re- is hereby accorded to re-appoint 33rd Annual Report 2025-26 Page 4 SHRI KESHAV CEMENTS AND INFRA LIMITED Mr. Vilas Katwa (DIN: 00206015), limits as prescribed under as the Managing Director of the Regulation 17(6)(e) of SEBI (LODR) Company, liable to retire by Regulations, 2015 be and is rotation, for a further period of hereby approved. five years i.e. from 27th May, 2027 to 26th May, 2032 at a payment of RESOLVED FURTHER THAT any Managerial remuneration of Rs. Director of the Company be and is 3,00,000/- per month or at such hereby authorised to do all acts remuneration as may be and take all such steps as may be recommended by the Nomination necessary, proper or expedient to and Remuneration Committee, give effect to this resolution.” subject to the limits or extended limits as prescribed under section 197 and 198 of the Companies 6. To approve remuneration of Mr. Act, 2013 and Regulation 17(6)(e) Venkatesh Katwa, Executive of SEBI (LODR) Regulations, 2015 Director/Chairman, in excess of and approved by the Board the limits as prescribed under /Shareholders, as applicable, from section 197 of Companies Act, time to time. 2013 and Regulation 17(6)(e) of SEBI (LODR) Regulations, 2015. RESOLVED FURTHER THAT any Director of the Company be and is To Consider and if thought fit, to hereby authorised to do all acts pass, with or without and take all such steps as may be modification(s), the following necessary, proper or expedient to resolution as Special resolution: give effect to this resolution.” “RESOLVED THAT pursuant to the provisions of Section 197 & 5. To approve remuneration of Mr. 198 read with Schedule V and The Vilas Katwa, Managing Director, Companies (Appointment and in excess of the limits as Remuneration of Managerial prescribed under Regulation Personnel) Rules, 2014 and 17(6)(e) of SEBI (LODR) Regulation 17(6)(e) of SEBI (LODR) Regulations, 2015. Regulations, 2015 and all other applicable provisions, if any, of the To Consider and if thought fit, to Companies Act, 2013 and the pass, with or without rules made thereunder and SEBI modification(s), the following (LODR) Regulations, 2015 resolution as Special resolution: (including any statutory modification(s) or re-enactment(s) “RESOLVED THAT pursuant to thereof, for the time being in force), the provisions of Regulation the [Showing first 8,000 characters — download PDF for full document]