Annual Report for FY 2025-26

August 25, 2026 The Listing Department Department of Corporate Services/Listing National Stock Exchange of India Limited BSE Limited Phiroze Jeejeebhoy Tower, “Exchange Plaza” Bandra-Kurla Complex, Dalal Street, Fort, Bandra (E), Mumbai-400051 Mumbai-400001 NSE Symbol : SGMART Scrip Code: 512329 Sub: Annual Report for the Financial Year 2025-26 Pursuant to the provisions of Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, please find enclosed herewith Annual Report of the Company, for the Financial Year 2025-26 which is also being sent through E-mail to all those members of the Company whose E-mail IDs are registered with Company/Registrar and Transfer Agent/ Depository Participants. Further, in accordance with Regulation 36 (1) (b) of Listing Regulations, a letter containing the web- link and path for accessing the Annual Report for FY 2025-26 is being sent to all those Members who have not registered their E-mail IDs with Company/Registrar and Transfer Agent/ Depository Participants. This is for your kind reference and records. The same will be available on the Company’s website i.e., www.sgmart.co.in Yours faithfully, For SG Mart Limited Sachin Kumar Company Secretary and Compliance Officer ICSI M. No. F13972 Place: Noida Encl: a/a SG MART LIMITED (formerly known as Kintech Renewables Limited) Registered Office: H. No. 37, Ground Floor, Hargovind Enclave, Vikas Marg, Delhi-110092 Corporate Office: SG Centre, Plot No. 37C, Block-B, Sector-132, Maharishi Nagar, Gautam Buddha Nagar, Noida, Uttar Pradesh, India – 201304. Tel: 0120-6918000| Email: compliance@sgmart.co.in Website: www. sgmart.co.in | CIN: L46102DL1985PLC426661 SG MART LIMITED ANNUAL REPORT 2025-26 ONE MART. INFINITE POSSIBILITIES Hardest Part Is Done Hardest Part is Done Every business begins with ambition. But building something that endures demands far more than growth Scan the QR code to know alone. It requires clarity shaped through experience, more about us discipline strengthened by challenges and the or visit our website: conviction to evolve with purpose. www.sgmart.co.in Contents For SG Mart, the past few years have marked growth is built by strengthening foundations, a defining phase of transformation. What building the right capabilities and creating began as a trading-led business steadily the operational structure needed to support evolved into a more integrated platform future opportunities. 02-23 across the metals and infrastructure value Corporate Overview Today, SG Mart stands as more than an chain, with an expanding presence across expanding enterprise. It is a platform built on 02 _ About Us processing, Steel Profiling Products and 04 _ Director’s Message stronger foundations, integrated capabilities solar structures. Each step strengthened our 06 _ Key Performance Indicators and increasing participation in value-added 07 _ Our Strategic Roadmap operational capabilities, deepened market 08 _ Network of Service Centres and renewable segments. understanding and sharpened our strategic 10 _ Steel Profiling Products direction. Hardest Part is Done reflects this transition. 12 _ Solar Structures. 14 _ B2B Metal Trading Because often, the hardest part of building a The journey demanded adaptability, 16 _ Client Testimonials business is not growing it, but building the 17 _ Environment disciplined execution and the willingness to 18 _ Corporate Social Responsibility capability, conviction and foundation to grow make choices aligned with long-term value 20 _ Corporate Governance it the right way. 23 _ Corporate Information creation rather than short-term momentum. Along the way, we learned that scale alone And that part is done. does not create resilience. Sustainable 24-112 Statutory Reports Each challenge strengthened our thinking. 24 _ Management Discussion and Analysis Forward-looking statements 34 _ Board’s Report Each decision sharpened our direction. Some information in this report may contain forward-looking statements 50 _ Corporate Governance Report which include statements regarding Company’s expected financial 71 _ Business Responsibility & Sustainability Report position and results of operations, business plans and prospects etc. and are generally identified by forward-looking words such as “believe,” “plan,” Each experience transformed ambition into “anticipate,” “continue,” “estimate,” “expect,” “may,” “will” or other similar words. Forward-looking statements are dependent on assumptions or 113-239 basis underlying such statements. We have chosen these assumptions a more focused and future-ready business. or basis in good faith, and we believe that they are reasonable in all material respects. However, we caution that actual results, performances Financial Statements or achievements could differ materially from those expressed or implied in such forward-looking statements. We undertake no obligation to update 113 _ Standalone Financial Statements or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. 178 _ Consolidated Financial Statements SG MART LIMITED ANNUAL REPORT 2025-26 STATUTORY REPORTS FINANCIAL STATEMENTS CORPORATE OVERVIEW ONE MART. INFINITE POSSIBILITIES About Us We operate as a India’s Integrated Building & Infrastructure Materials Platform for the supply of metals and building materials, including steel products such as hot rolled coils, billets, TMT bars and structural steel. Our offerings support a wide range of application across construction, industrial applications, infrastructure and manufacturing sectors. Our operations are organized across Vision Mission Our Values four business verticals, which includes B2B metal trading, a network of service centres, Steel Profiling Products and solar structures. This enables us to participate across multiple stages of the value chain To be the leading To enhance SG Mart’s values from sourcing and bulk trading to value- added processing and downstream platform for Building accessibility and make encompass quality, distribution. This integrated model enhances our ability to deliver consistent Material solutions the procurement Transparency, customer quality, improve cost efficiencies and simplifying process for all focus ensuring and respond to evolving customer requirements with agility. Industries we serve business solutions. stakeholders easy. customer satisfaction and success, integrity, collaboration, Construction Infrastructure Manufacturing sustainability, and real estate and engineering and reliability. MSME and Renewable fabrication energy 63,153 Mn 1,367 Mn Revenue from operations EBTIDA 8% 33% Growth in Revenue y-o-y Growth in EBTIDA y-o-y K 7,527 Mn 1.095 Mn Tons Net cash Steel products sold in FY26 0022 03 SG MART LIMITED ANNUAL REPORT 2025-26 STATUTORY REPORTS FINANCIAL STATEMENTS CORPORATE OVERVIEW ONE MART. INFINITE POSSIBILITIES Director’s Message additional centres in FY27 and are 20 locations. To support this next actively evaluating opportunities in phase of growth, we have approved Hyderabad, Chennai, and Punjab. a capital expenditure plan of at least ₹1500+ cr in next 3 years towards Our Renewable Structures business new service centres, land acquisition, delivered its first full year of and additional profiling machines. meaningful volumes during FY26, Importantly, these investments are driven primarily by utility-scale solar expected to be funded through mounting structures processed at internal accruals and our net cash our Dujana and Pune facilities. While position, without any material dilution. short-term volumes were impacted by coated steel shortages arising The convergence of India’s from gas supply disruptions at steel manufacturing ambitions, renewable mills, we expect these constraints to energy expansion, and the continued normalize gradually. By the upcoming formalization of the MSME sector fiscal year, we are targeting an annual presents [Showing first 8,000 characters — download PDF for full document]