Please find attached herewith the Annual report for the year ended on 31st March 2026

Frontline Corporation Limited 37th Annual Report – 2025-2026 FRONTLINE CORPORATION LIMITED 37th Annual Report (2025-2026) Registered Office : 4, B. B. D. Bag (East), Room No. 5 Stephen House, 1st Floor, Kolkata-700001 Phone- 033-22301153, 22306825 Fax- 033 – 2243 6124 Corporate Office : 4th Floor, Shalin Building, Near Nehru Bridge Corner, Ashram Road, Ahmedabad – 380 009, Gujarat Phone-079-26578201, 26580414 Fax- 079-26576619, 26580287 Frontline Corporation Limited 37th Annual Report – 2025-2026 Contents Page No. Notice & Notes 02 Procedure for Remote E-Voting and E-Voting during the AGM 04 Directors’ Report 17 Management Discussion and Analysis Report 41 Independent Auditors’ Report on Financial Statements Balance Sheet 78 Statement of Profit & Loss Account 79 Cash Flow Statement 80 Notes to the Financial Statements 83 37th ( Thirty Seventh ) Annual General Meeting of the Members of Frontline Corporation Limited (the “Company”) will be held on Tuesday, 22nd September, 2026 at 15.00 Hours (IST) through Video Conferencing (“VC”) or Other Audio Visual Means (“OAVM”) Frontline Corporation Limited 37th Annual Report – 2025-2026 Board of Directors: Mr. Ram Prasad Agarwal : Director & Chairman Mr. Narayan Prasad Agarwal : Director Mr. Saurabh Jhunjhunwala : Director Mr. Pawan Kumar Agarwal : Managing Director Mrs. Dipika Pradeep Soni : Independent Women Director Mrs. Ummay Amen Mashraqi : Independent Women Director Mrs. Neetu Rishi Jalan : Independent Director Mr. Dipen Ashit Dalal : Independent Director Company Secretary : Mr. S. K. Verma Chief Financial Officer : Mrs. Komal Mihir shah Statutory Auditors : M/s. Paresh Thothawala & Co., Chartered Accountants, Ahmedabad. Bankers : Bank of Baroda HDFC Bank Ltd. ICICI Bank Limited Punjab & Sind Bank Union Bank of India The Jammu & Kashmir Bank Limited Indian Overseas Bank Punjab National Bank Registered Office : 4, B. B. D. Bag (East), Room No. 5 Stephen House, 1st Floor, Kolkata-700001 Phone- 033-22301153, 22306825 Fax- 033 – 2243 6124 Corporate Office : 4th Floor, Shalin Building, Near Nehru Bridge Corner, Ashram Road, Ahmedabad – 380 009, Gujarat Phone-079-26578201, 26580414 Fax- 079-26576619, 26580287 Registrar & Transfer Agent : Bigshare Services Private Limited Branch Address A-802, Samudra Complex Near Klassic Gold Hotel Girish Cold Drink, off C G Road, Navrangpura Ahmedabad Gujarat - 380009 Phone No. -079-40024135 Web: www.bigshareonline.com Frontline Corporation Limited 37th Annual Report – 2025-2026 NOTICE NOTICE is hereby given that the 37th (Thirty Seventh) Annual General Meeting of the Members of Frontline Corporation Limited (the “Company”) will be held on Tuesday, 22nd September, 2026 at 15.00 Hours (IST) through Video Conferencing (“VC”) or Other Audio Visual Means (“OAVM”) to transact the following businesses: ORDINARY BUSINESS: 1. To receive, consider and adopt the audited Statement of Profit and Loss for the year ended March 31, 2026 and the Balance Sheet for the year ended on March 31, 2026 and Cash Flow Statement for the year ended on that date and reports of the Board of Directors and the Auditors there on and other documents attached or annexed thereto. 2. To Re-appoint Mr. Ram Prasad Agarwala, Director of the Company (holding Director Identification Number 00060359), liable to retire by rotation in terms of section 152(6) of the companies Act, 2013 and, being eligible, offers himself for Re-appointment. 3. To Re-appoint Mr. Saurabh Jhunjhunwala Director of the Company (holding Director Identification Number 00060432), liable to retire by rotation in terms of section 152(6) of the companies Act, 2013 and, being eligible, offers himself for Re-appointment. By order of the Board of Directors of Frontline Corporation Limited Sd/- Place: Ahmedabad Ramprasad Agarwal Date: 24nd August, 2026 Director DIN: 00060359 NOTES: 1. Disclosures as required under Secretarial Standards – 2 on General Meetings issued by the Institute of Company Secretaries of India, for item no. 2 and 3 is annexed thereto. 2. The Ministry of Corporate Affairs (‘MCA’) issued General Circular Nos. 14/2020, 17/2020, 20/2020, 02/2021, and 02/2022 dated April 8, 2020, April 13, 2020, May 5, 2020, January 13, 2021, and May 5, 2022, respectively, and by General Circular No. 10/2022 dated December 28, 2022, and subsequent circulars issued in this regard, the latest being 9/2023 dated September 25, 2023, (‘MCA Circulars’) have permitted holding of General meeting with Audio Video Conference Mode. Hence, Members can attend and participate in the ensuing AGM through VC/OAVM. 3. Pursuant to the Circular No. 14/2020 dated April 08, 2020 and subsequent circulars, if any, issued by the Ministry of Corporate Affairs, the facility to appoint proxy to attend and cast vote for the members is not available for this AGM. However, the Body Corporates are entitled to appoint Authorised representatives to attend the AGM through VC/OAVM and participate thereat and cast their votes through e-voting. 4. The Members can join the AGM in the VC/OAVM mode 15 minutes before and after the scheduled time of the commencement of the Meeting by following the procedure mentioned in the Notice. The facility of participation at the AGM through VC/OAVM will be made available for 1000 members on first come first served basis. This will not include large Shareholders (Shareholders holding 2% or more shareholding), Promoters, Institutional Investors, Directors, Key Managerial Personnel, the Chairpersons of the Audit Committee, Nomination and Remuneration Committee 2 Frontline Corporation Limited 37th Annual Report – 2025-2026 and Stakeholders Relationship Committee, Auditors etc. who are allowed to attend the AGM without restriction on account of first come first served basis. 5. Pursuant to the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended) and Regulation 44 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 (as amended), and the Circulars issued by the Ministry of Corporate Affairs dated April 08, 2020, April 13, 2020, May 05, 2020 and January 13, 2021 and May 5, 2022, respectively, and by General Circular No. 10/2022 dated December 28, 2022, the Company is providing facility of remote e-Voting to its Members in respect of the business to be transacted at the AGM. For this purpose, the Company has entered into an agreement with National Securities Depository Limited (NSDL) for facilitating voting through electronic means, as the authorized agency. The facility of casting votes by a member using remote e-Voting system as well as venue voting on the date of the AGM will be provided by NSDL. 6. AGM has been convened through VC/OAVM in compliance with applicable provisions of the Companies Act, 2013 read with MCA Circular No. 14/2020 dated April 08, 2020 and MCA Circular No. 17/2020 dated April 13, 2020 and MCA Circular No. 20/2020 dated May 05, 2020 and MCA Circular No. 02/2021 dated January 13, 2021 and MCA Circular No. 02/2022 dated May 5, 2022 and by General Circular No. 10/2022 dated December 28, 2022 and Circular No. 9/2023 dated September 25, 2023. 7. Members holding Shares in Electronic mode are requested to register/ update their e-mail address with their respective Depository Participants “DPs” for receiving all communications from the company electronically. 8. The attendance of the Members attending the AGM through VC/OAVM will be counted for the purpose of reckoning the quorum under Section 103 of the Companies Act, 2013. 9. The Members of the company holding Shares as on Friday, 21st August, 2026 (Cut-off date for entitlement of Annual Report), shall be eligible for receiving the Annual Report 2025 -26 along with the notice of the 37th Annual General Meeting, by electronic mode to all the members whose email addresses are registered with the Depository Participant(s). In accordance with the applicable MCA Circulars and the SEBI [Showing first 8,000 characters — download PDF for full document]