Submitting herewith Annual Report 2025-2026.

www.asigroup.co.in Dated: 25th August, 2026 BSE Ltd. Listing Department, P. J. Towers, Dalal Street, Mumbai – 400 001. Script Code: 502015 Script Name: ASIIL ISIN: INE 443A01030 Dear Sirs, Sub: Annual Report for the F.Y. 2025-26 In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please find enclosed herewith the Annual Report of the Company for the FY 2025-26 which is being circulated to the members. Kindly take the same on your record. Thanking you, Yours faithfully, For ASI Industries Limited MANISH P. KAKRAI Company Secretary & Compliance Officer WORKS : REGISTERED OFFICE : ASI House, Marathon Innova, A Wing, 7th Floor, Kudayala Indl. Area, Ramganjmandi, Off G K Marg, Lower Parel, Kota – 326519, Rajasthan. Mumbai – 400 013, Maharashtra, India. mail@asigroup.co.in +91 22 40896100 | info@asigroup.co.in GST No.08AACCA3549F1ZU CIN : L14101MH1945PLC256122 ni.sserpnretsew.www detnirP 80th Annual Report 2025-2026 2-402 Building from a Solid Foundation If undelivered, please return to: ASI Industries Limited Marathon Innova, A wing, 7th Floor, Off G.K. Marg, Lower Parel Mumbai-400013 CORPORATE MANAGEMENT FINANCIAL OVERVIEW REPORTS STATEMENTS TABLE OF CONTENT Corporate Overview  Corporate Information .......................................... 2 Management Report  Management Discussion and Analysis ................. 4  Board’s Report ..................................................... 8  Corporate Governance Report ............................. 25 Financial Statements  Independent Auditors’ Report ............................... 43  Financial Statements ............................................ 52 2025-26 ANNUAL REPORT Corporate Information BOARD OF DIRECTORS Mr. Deepak Jatia Mr. Rajaram Agarwal Chairman & Managing Director Independent Director Mrs. Anita Jatia Mr. Padamkumar Poddar Executive Director Independent Director Mr. Tushya Jatia Mr. Arunanshu Agarwal Executive Director Independent Director COMPANY SECRETARY & COMPLIANCE OFFICER Mr. Manish P. Kakrai MANAGEMENT EXECUTIVES Mr. Pavan Soni Chief Financial Officer STATUTORY AUDITORS SECRETARIAL AUDITOR COST AUDITOR M/s. B.LAjmera & Co GMJ & Associates N.D.BIRLA & Co Chartered Accountants Company Secretaries Cost Accountant Jaipur- 302001 Mumbai - 400069 Ahmedabad - 380006 BANKERS HDFC Bank Limited CORPORATE MANAGEMENT FINANCIAL OVERVIEW REPORTS STATEMENTS LISTED ON Bombay Stock Exchange Limited Security ID: ASIIL Security code: 502015 REGISTERED OFFICE Marathon Innova, ‘A’ Wing, 7th Floor, Off: Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013 Email: cs@asigroup.co.in; website: www.asigroup.co.in REGISTRAR AND SHARE TRANSFER AGENTS M/s MUGF Intime India Private Limited, C-101, 247 Park L.B.S. Marg, Vikhroli (West), Mumbai- 400 083, Tel: 022 - 49186270, Fax: 022 - 49186060, Email: rnt.helpdesk@in.mpms.mufg.com WORKS Mining : Kudayla Industrial Area, Ramganjmandi Dist. Kota, Rajasthan 2025-26 ANNUAL REPORT Management Discussion and Analysis GLOBAL ECONOMY In CY 2026, the global economy sustained a stable growth trajectory of 3.4%, navigating trade frictions and policy ambiguity with notable resilience. This performance brings the adaptability of major economies to the fore. Accommodative financial conditions and fiscal & monetary policy support facilitated expansion. Advanced economies recorded a growth of 1.9%. The US exhibited steady growth, attributable to strong domestic demand and sustained investments in advanced technologies. Growth moderated across the Eurozone due to subdued industrial activity and weaker external demand. In contrast, emerging economies expanded by 4.4%. This was driven by strong export performance and steady trade across several Asian economies. This is expected to result in a slight rise in inflation, with projections at 4.4% in CY 2026. However, inflation is expected to decline to 3.7% in CY 2027, reflecting easing labour market conditions in several economies and subdued demand for tradable goods. INDIAN ECONOMY India continues to be one of the fastest-growing major economies globally, supported by its favourable demographic profile, strong domestic consumption, ongoing structural reforms, and a sustained drive towards digital transformation. Key contributors to this growth include healthy GST collections, expanding infrastructure, manufacturing sectors, and rapid technological adoption across industries. The government’s emphasis on improving the ease of doing business and nurturing a vibrant startup ecosystem has further bolstered economic momentum. Despite global uncertainty, India’s economy maintains strong momentum with a steady growth rate of 7.7%. Robust consumption and heightened investment activity positioned India as the fastest growing major economy for the fourth consecutive year. Inflation stayed well below the Reserve Bank of India’s (RBI) target band, at around 3.4%. Falling food prices primarily drove this decline. The price moderation reflects improved real purchasing power and supported consumption. As price pressures declined, monetary support was provided through a total reduction of 125 basis points in the policy repo rate. Despite global uncertainties and downward revisions in growth forecasts for other large economies, India is set to maintain its leadership in global economic growth. Supported by strong fundamentals and strategic government initiatives, the country is well-positioned to navigate the challenges ahead. With reforms in infrastructure, innovation and financial inclusion, India continues to enhance its role as a key driver of global economic activity. India’s merchandise imports grew faster than merchandise exports, resulting in a widening of the trade deficit. Gross FDI inflows remained robust, primarily benefiting the manufacturing and energy sectors. By year-end, the rupee hit an all-time low of approximately ₹95/USD, driven by Middle East conflict volatility and FPI outflows. Despite this, the INR remained one of the least volatile emerging market currencies, supported by a modest current account deficit and strong forex reserves. A weakening rupee accelerates domestic inflation by driving up import costs (especially crude oil) and widens the trade deficit, though it provides a competitive boost to Indian exporters. FINANCIAL AND OPERATIONAL PERFORMANCE During the year under review, company recorded sales of Rs. 14841.44 Lakhs (P.Y Rs. 15476.56 Lakhs). Thus, there is decrease in revenue of the company owing to which company has recorded a decreased net profit of Rs. 2269.48 Lakhs during the year under the review as compared to net profit of Rs. 2544.92 Lakhs of previous year. OUTLOOK Strong domestic demand, driven by private consumption and government spending, is expected to support India’s economic growth. Increased infrastructure spending and investments in key sectors can stimulate growth and improve productivity. Ongoing reforms in areas like taxation, digitalization, and manufacturing can help India maintain its growth momentum. STONE INDUSTRY OVERVIEW Global Stone Industry The Global Natural Stone Market is experiencing steady, long-term growth, driven by expansion in residential and commercial construction, rising investments in public infrastructure, and a growing consumer preference for premium, sustainable building materials. CORPORATE MANAGEMENT FINANCIAL OVERVIEW REPORTS STATEMENTS The global natural stone market size was estimated at USD 40.00 billion in 2025-26 and is projected to grow at a CAGR of 3.8% – 6.1% annually over the 2026–2034 forecast period. The stones market size is expected to see strong growth in the next few years. The growth in the forecast period can be attributed to : • Global Construction & Infrastructure Pipeline: High-density urban developments, smart cities, commercial real estate (hotels, shopping malls, office towers), and transit hubs are fuelling demand for hard-wearing natural surfaces. • Home Renovation & Premiumization: Increased d [Showing first 8,000 characters — download PDF for full document]