Pursuant to Regulation 34 of SEBI (LODR) Regulations, 2015, please find enclosed herewith the Annual Report of the Company for the Financial year ended March 31, 2026.

The Ravalgaon Sugar Farm Limited Date: August 25, 2026 Department of Corporate Services, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400001 Scrip Code: 507300 Dear Sir(s), Subject: Submission of the Annual Report pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 With reference to the above captioned subject and pursuant to provisions of Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Annual Report of the Company for the Financial Year ended March 31, 2026. The said Annual Report of the Company is also available on the website of the Company at www.trsfl.in. Kindly take the above on your records. Thanking you, Yours Faithfully, For The Ravalgaon Sugar Farm Limited Nihal Doshi Director & Chief Financial Officer DIN: 00246749 Encl: A/a 91st Annual Report 2025-2026 The Ravalgaon Sugar Farm Limited 91st Annual Report 2025-2026 BoARd oF diRECToRS ANd KEy MANAGERiAL PERSoNNEL Mr. Harshavardhan B. doshi Mr. Nihal doshi Mrs. Ramola Mahajani Chairman & Managing Director Executive Director & Chief Independent Director Financial Officer (Tenure completed on July 8, 2025) Mr. Subodh Mawalankar Independent Director Mr. Rajiv Jain Mrs. Sirisha Sampat Independent Director Independent Director Ms. Aarti Chheda (w.e.f. May 29, 2025) Company Secretary (w.e.f. June 16, 2025) AudiToRS BANKERS STATuToRy AudiToRS : Bank of Baroda M/s. Patkar & Pendse State Bank of India Chartered Accountants 204, Chartered House, 297/298, Dr. Cawasji Hormasji Street, Next to Queens Road Church, Marine lines, Mumbai – 400002, Maharashtra REGiSTRAR & SHARE TRANSFER AGENT Contents Purva Sharegistry (india) Private Limited 9, Shiv Shakti Industrial Estate, J. R. Boricha Marg, Notice to Members ..............................2 Lower Parel (East), Mumbai - 400011, Maharashtra Tel No.: 022 31998810 / 49614132 Directors’ Report ................................18 REGiSTEREd oFFiCE Ravalgaon, Taluka Malegaon, Auditor’s Report on Nashik – 423108, Maharashtra Standalone Accounts ..........................36 Tel No: (02554) 270274 CoRPoRATE oFFiCE Standalone Financial Statements .......46 52, 5th Floor, Maker Tower ‘F’, Cuffe Parade, Mumbai - 400005. Tel No: (022) 22184291 / 22186479 WEBSiTE www.trsfl.in 91st ANNUAL REPORT 2025 - 2026 NoTiCE NoTiCE is hereby given that the 91st (Ninety-First) Annual General Meeting (“AGM”) of the Members of The Ravalgaon Sugar Farm Limited (“the Company”) will be held on Wednesday, September 16, 2026 at 2:00 p.m. (IST) through Video Conferencing (“VC”)/ Other Audio Visual Means (“OAVM”) to transact the following business: oRdiNARy BuSiNESS: 1. To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2026, including the Audited Balance Sheet as on March 31, 2026, the statement of Profit & Loss and the Cash Flow Statement for the year ended on that date together with the Reports of the Board of Directors and Auditors thereon. 2. To appoint a Director in place of Mr. Nihal Doshi (DIN: 00246749), Director of the Company, who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, offers himself for re-appointment. SPECiAL BuSiNESS: 3. Re-appointment of Mr. Nihal Doshi (DIN: 00246749), as an Executive Director for further term of three (3) years: To consider and if thought fit, to pass the following resolution as an Ordinary Resolution: “RESoLVEd THAT pursuant to the provisions of Sections 196, 197, 198, 203 and other applicable provisions, if any, of the Companies Act, 2013 (“the Act”) read with Schedule V to the Act and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force) and in accordance with the Articles of Association of the Company and based on the recommendation of the Nomination and Remuneration Committee and Board of Directors and subject to such other approvals as may be necessary, approval of the members of the Company be and is hereby accorded for the re-appointment of Mr. Nihal Doshi (DIN: 00246749) as Executive Director of the Company for a further period of three (3) years w.e.f. January 01, 2027 up to December 31, 2029 who shall be liable to retire by rotation, upon the terms and conditions as detailed out in Explanatory Statement annexed to the Notice convening this Annual General Meeting. RESoLVEd FuRTHER THAT remuneration, if any, payable to Mr. Nihal Doshi during his tenure, as Executive Director of the Company, shall be subject to ceiling and such other terms and conditions as specified in Sections 196, 197, 198 and Schedule V to the Act, and subject to approvals, if any, required under the Act and rules thereunder. RESoLVEd FuRTHER THAT in the event of any loss or inadequacy of profits in any financial year during the tenure of Mr. Nihal Doshi as Executive Director of the Company, the remuneration as approved by this resolution, shall be payable as minimum remuneration. RESoLVEd FuRTHER THAT the Board of Directors of the Company be and is hereby authorized to do all such acts, deeds, matters and things, as it may be required for the purpose of giving effect to this resolution.” 4. Re-appointment of Mr. Rajiv Jain (DIN: 09044822) as an Independent Director: To consider and if thought fit, to pass the following resolution as a Special Resolution: “RESoLVEd THAT pursuant to the provisions of Sections 149, 150, 152 read with Schedule IV, and other applicable provisions, if any, of the Companies Act, 2013 (“the Act”) along with the rules made thereunder, including, the Companies (Appointment and Qualification of Directors) Rules, 2014 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force), applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), as amended from time to time, and other applicable provisions thereof, if any, the Articles of Association of the Company, and based on the recommendation of the Nomination and Remuneration Committee and as approved by the Board of Directors, Mr. Rajiv Jain (DIN: 09044822), who was appointed as a Non-Executive Independent Director of the Company at the Annual General Meeting of the Company held on September 28, 2021 and holds office up to the conclusion of the Ninety First (91st) Annual General Meeting of the Company and being eligible for re-appointment has submitted a declaration in writing that he meets the criteria for independence as provided under Section 149(6) of the Act along 91st ANNUAL REPORT 2025 - 2026 with the Rules framed thereunder and Regulation 16(1)(b) of the SEBI Listing Regulations, be and is hereby re-appointed as an Independent Director of the Company, not liable to retire by rotation, to hold office for a second term w.e.f. September 16, 2026 up to February 3, 2031. RESoLVEd FuRTHER THAT pursuant to the provisions of sections 149 and 197 and any other applicable provisions of the Companies Act, 2013 and the rules made thereunder, Mr. Rajiv Jain shall be entitled to receive sitting fees of such amount for attending the meetings of the Board or any committee thereof as may be decided by the Board from time to time and subject to such limits prescribed or as may be prescribed from time to time. RESoLVEd FuRTHER THAT the Board of Directors of the Company be and is hereby severally authorized to do all such acts, deeds, matters and things as may be necessary or incidental to give effect to this resolution.” 5. Re-appointment of Mr. Subodh Mawalankar (DIN: 09484724) as an Independent Director: To consider and if thought fit, to pass the following resolution as a Special Resolution: “RESoLVEd THAT pursuant to the provisions of Sections 149, 150 and 152 read with Schedul [Showing first 8,000 characters — download PDF for full document]