ANNUAL REPORT FY 2025-26

Let’s Explore! CORPORATE OVERVIEW 02 – 35 There comes a stage in every organisation’s 02 / About Us | 04 / Chairman and MD’s Message | 06 / A Story Woven Over Time evolution when growth is no longer defined by how much more it can build, but by how 08 / Consistency in Action | 10 / Many Markets, One Standard effectively everything it has built works together. 12 / Solutions Across the Textile Chain - Our Product Portfolio For us, that understanding has been shaped over years of investment, experience and a clear focus 17 / The Measure of Our Progress - Our Financial Highlights | 18 / Value Creation Model on creating long-term value. Scale has been an 20 / Raising the Standard - Our Culture of Operational Excellence important part of our story. But scale, by itself, is only potential. Its real value lies in the ability to 24 / ESG As a Way of Working | 26 / Our ESG Pillars | 27 / Protecting What Matters translate it into performance, year after year, while maintaining the standards that customers have 29 / The Human Side of Progress | 31 / Strength Through Governance come to expect from us. 32 / Board of Directors | 33 / Corporate Information 34 / Recognised for What We Have Built Over time, we have What gives us strengthened far more confidence today is than our manufacturing not any single asset, footprint. We have facility or achievement. STATUTORY REPORTS 37 – 110 expanded our It is the way our technical expertise, people, processes, 37 / Board’s Report | 56 / Business Responsibility and Sustainability Report widened our product infrastructure and 90 / Management Discussion and Analysis | 98 / Corporate Governance Report portfolio, refined our experience come processes and built together every day to relationships that do the job well. Over have grown stronger time, this has created through changing something that cannot FINANCIAL STATEMENTS 112 – 163 market conditions. be built overnight— Most importantly, the ability to deliver 112 / Independent Auditors’ Report | 122 / Balance Sheet we have created a with consistency. It is 123 / Statement of Profit and Loss | 124 / Cash Flow Statement business where each a quality that earns part supports the next. trust, strengthens 125 / Statement of Changes in Equity | 126 / Notes to Financial Statements From fibre to finished relationships and fabric, from sourcing to allows progress to build customer delivery, the steadily, one year at a strength of the whole time. comes from the way these parts connect and work together. This gives us greater control over quality, greater flexibility in responding to customer needs and a stronger foundation for future growth. SCAN QR CODE / Visit us at https://nitinspinners.com Forward Looking Statements Some information in this report may contain forward looking statements. We have based these statements on our current beliefs, expectations and intentions as to facts,actions and events that will or may occur in the future. Such statements generally are identified by futuristic words such as ‘believe’, ‘plan’, ‘anticipate’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’ or other similar words. These statements may include assumptions or basis underlying the futuristic statement. We have chosen these assumptions or basis in good faith, and we believe that they are reasonable in all material respects. However, we caution you that these statements might vary from actual results, and the differences between the results implied by the statements and actual results can be material, depending on the circumstances. NITIN SPINNERS LTD CORPORATE OVERVIEW Annual Report 2025-26 STATUTORY REPORTS FINANCIAL STATEMENTS 55+ 1,931Cr. Our Vision Become an Integrated Textiles manufacturer through forward and vertical integration. Countries Market Capitalisation as of 31st March 2026 Remain at the forefront in high-quality textile products manufacturing. Care A+, stable Create value for shareholders and allied industries. Increase foreign exchange earnings by being the preferred international supplier. Stay effective and proactive in developing new markets and products. Long Term Credit Rating Endeavour for the ultimate satisfaction of our allied partners with: 1) The Right Technology, 2) The Right Raw Material, 3) The Right People and 4) The Right Attitude. 1,471Cr. 33+ Our Mission Net Worth years of existencee To be the most reliable supplier across the textile value chain. To provide superior quality products at competitive prices and establish a brand value in the international arena. To exceed industry standards with exceptional customer and About Us technical service. To maintain our competitive strategic position through cutting-edge A Business Built to Deliver technology. To promote partnerships with government agencies and institutions Built step by step, strengthened year after year and of international recognition. connected across the value chain. To provide a safe, fulfilling and rewarding work environment for Established in 1992, Nitin Spinners has evolved into a quality-focused and employees. fully integrated textile manufacturer with capabilities spanning spinning, To provide training to our employees for their future development. knitting, weaving, processing, finishing and printing. Over the years, we have built a diversified portfolio of cotton and blended yarns, knitted fabrics and finished woven fabrics, serving customers across both domestic and international markets. Our Strategic Advantages Today, our products reach customers in more than 55 countries. Supported by an integrated value chain and modern manufacturing A well-diversified export presence across all continents, supporting facilities. We are able to maintain greater control over quality, improve overseas growth momentum. operational efficiency and respond quickly to changing customer An integrated business model spanning yarns, knitted fabrics and requirements. Our facilities are backed by rigorous quality systems and finished woven fabrics, enabling greater control across the value internationally recognised certifications, helping us deliver products that chain and improved operational efficiency. meet the expectations of customers across markets. Strong capacity utilisation and an increasing share of value-added products, supporting improved product mix and profitability. As we have evolved, our focus has remained firmly centred on Continued focus on sustainability through the use of sustainable strengthening our capabilities, improving product quality and creating fibres, renewable energy initiatives and responsible water greater value for our customers. Continued investments in technology, management practices process improvements and product development have helped us enhance Established capabilities in finished fabrics, enabling us to our competitiveness and broaden our market reach. By combining participate in a larger share of the textile value chain and serve manufacturing expertise with a culture of continuous improvement and evolving customer requirements. a long-term approach to growth, we continue to strengthen our position A measured approach to capital investment and working capital in the global textile industry while creating sustainable value for all our management, supporting financial strength and long-term value stakeholders. creation. 02 03 years ahead. improving quality of life, expanding access to opportunities and supporting community Powering Progress development. Our efforts included Sustainably development of community infrastructure, Sustainability remains firmly embedded education contributions towards cotton in our long-term strategy and investment development and research, sports, etc. priorities. During FY 2025-26, we expanded our renewable energy portfolio Building on Our Momentum through the commissioning of a 4.6 MW AC solar plant and the execution of a As we look ahead, improving demand power supply agreement for an 18 MW conditions, better price realisations and a [Showing first 8,000 characters — download PDF for full document]