Annual Report 2026 along with AGM Notice

DALAL STREET INVESTMENTS LIMITED Regd. Office: 409, Dev Plaza S V Road, Opp Fire Brigade Andheri West Mumbai 400 058. Tel: + 91 22 2620 1233 Email id:info@dalalstreetinvestments.com CIN No:-L65990MH1977PLC357307 Website: www.dalalstreetinvestments.com DSIL/OUTWARD /2025-26/34 August 26, 2026 Corporate Relationship Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001 Fax No. 022-22723121/3027/2039/2061 Security Code: 501148, Security ID : DSINVEST Dear Sir/Ma’am, Re: ISIN - INE422D01012 Sub: Notice of the 49T Annual General Meeting and Annual Report for FY 2025-26 of Dalal Street Investments Limited (‘the Company’) This is with reference to the provisions of Regulation 30 and 34 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 and our letter no. DSIL/OUTWARD/2026-27/32 dated August 20, 2026 informing about the 49% Annual General Meeting (‘AGM’) of the Company scheduled to be held on Tuesday, September 22, 2026 at 10.30 a.m. (IST) through Video Conferencing/Other Audio Visual Means (‘VC/OAVM’), in accordance, with the relevant circulars issued by Ministry of Corporate Affairs and SEBI. In this regard, we wish to inform the following: Pursuant to the said circulars, AGM Notice and Annual Report for the financial year 2025-26 are being sent through electronic mode to those Members whose email ids are registered with the Company/Registrar and Transfer Agent (‘RTA’)/Depository Participant (‘DP’). These documents are also available on the Company’s website at www.dalalstreetinvestments.com The Company has provided the facility to its Members to cast their vote electronically, through the remote e-Voting facility (before the AGM) and e-Voting facility (at the AGM), on all the resolutions set out in the AGM Notice to the Members, who are holding shares on the Cut-off date i.e. September 15, 2026. The remote e-voting will commence at Saturday, September 19, 2026 (09.00 a.m. IST) and end on Monday, September 21, 2026 (05.00 p.m. IST). Detailed instructions for registering email address(s) and e-voting/attendance at the AGM are given in the AGM Notice. The AGM Notice and Annual Report for the financial year 2025-26 are enclosed herewith. This is for your information and records. Yours faithfully, for DALAL STREET INVESTMENTS LIMITED Digitally signed by Geeta Geeta Manekshana Manekshana Date: 2026.08.26 11:47:27 +05'30" GEETA MANEKSHANA MANAGING DIRECTOR DIN: 03282077 Encl: As above DALAL STREET INVESTMENTS LIMITED SS SS 8 ANNUAL REPORT FINANCIAL YEAR 2025-26 DALAL STREET INVESTMENTS LIMITED 49th ANNUAL REPORT 2025-26 CORPORATE INFORMATION BOARD OF DIRECTORS MR. MURZASH MANEKSHANA NON EXECUTIVE DIRECTOR MRS. GEETA MANEKSHANA MANAGING DIRECTOR MR. UMESH PADAMSI GOSAR NON EXECUTIVE - INDEPENDENT DIRECTOR MR. PRANAV PINAKIN JOSHI NON EXECUTIVE - INDEPENDENT DIRECTOR KEY MANAGERIAL PERSONNEL MRS. GEETA MANEKSHANA CHIEF EXECUTIVE OFFICER MS. STEFANIE LEENA DSILVA CHIEF FINANCIAL OFFICER MR. MAHESH DESHMUKH COMPANY SECRETARY & COMPLIANCE OFFICER COMPOSITION OF COMMITTEES:- AUDIT COMMITTEE MR. UMESH GOSAR - CHAIRMAN MR. PRANAV JOSHI - MEMBER MR. MURZASH MANEKSHANA - MEMBER NOMINATION & REMUNERATION MR. PRANAV JOSHI-CHAIRMAN COMMITTEE MR. UMESH GOSAR - MEMBER MR. MURZASH MANEKSHANA - MEMBER MRS. GEETA MANEKSHANA - MEMBER STAKEHOLDERS RELATIONSHIP MR. UMESH GOSAR - CHAIRMAN COMMITTEE MR. PRANAV JOSHI - MEMBER MR. MURZASH MANEKSHANA - MEMBER CORPORATE SOCIAL RESPONSIBLE MRS. GEETA MANEKSHANA - CHAIRPERSON COMMITTEE MR. MURZASH MANEKSHANA - MEMBER MR. UMESH GOSAR - MEMBER AUDITORS KARIA & SHAH CHARTERED ACCOUNTANTS BANKERS AXIS BANK LIMITED REGISTERED OFFICE 409 DEV PLAZA, S.V. ROAD, OPP. FIRE BRIGADE, ANDHERI WEST MUMBAI 400058 PHONE NO - 91 22 2620 1233 Email ID: info@dalalstreetinvestments.com, www.dalalstreetinvestments.com CORPORATE INDENTITY NO. (CIN) L65990MH1977PLC357307 REGISTRARS & SHARE M/s. MUFG Intime India Pvt. Ltd. TRANSFER AGENTS (formerly known as Link Intime India Pvt. Ltd.) C-101, Embassy 247, L. B.S. Marg Vikhroli (W), Mumbai - 400 083 Tel No. : 8108116767 Fax No. : 022-49186060 email : mt.helpdesk@in.mpms.mufg.com Management Discussion and Analysis Report Company Overview & Economy Analysis Global economy faces heightened uncertainty due to geopolitical tensions in west Asia although the 2-week truce between US and Iran offers hope of early resolution of the conflict. Before the start of conflict in west Asia, growth in India too had held up well on the back of fiscal (income tax and GST cuts) and monetary (lowering of interest rates) stimulus. High frequency indicators have steadily improved over the last few months with rural demand continuing to hold up well and urban demand too showing signs of uptick. Inflation remains well anchored and though it is expected to rise from here on due to rise in crude oil and other commodity prices and adverse base effect, it is unlikely to increase significantly. RBI has projected an average inflation of 4.6% in FY27. Looking ahead, the medium-term outlook for the Indian economy seems optimistic. This optimism is driven by policy continuity, benefits from production-linked incentive schemes, opportunities arising from shift in the global supply chain and the likely boost to private consumption due to income tax relief and lower borrowing cost. However, the flare up in geo-political tensions remains a key risk to growth this year. The global economy today faces unprecedented uncertainty as supply chains get disrupted leading to rise in general increase in prices and lower growth. Given the global uncertainties, the importance of stock selection increases even more. Over medium to long term, optimism on Indian equities remain, considering key trade deals, attractive domestic growth outlook, healthy corporate profitability and supportive pro-growth policies like income tax and GST relief to consumers and renewed reform momentum. However, near-term risks include risk of elongated conflict in West Asia and cyclical moderation in corporate earnings. Source for various data points: Bloomberg, NSDL, CMIE, RBI, Kotak Institutional Research, World Bank, Daily valuation provided by ICRA/CRISIL As per estimates by the National Statistical Office (NSO) and guidance from the Reserve Bank of India (RBI), India’s GDP growth for FY26 is expected to be in the range of 7.4-7.6%, reflecting strong and broad-based economic momentum, despite global uncertainties such as geopolitical tensions and fluctuating commodity prices. This growth has been underpinned by strong government spending on infrastructure, including roads, railways and digital connectivity, as well as policy initiatives aimed at boosting manufacturing, such as the PLI schemes. The services sector continues to be the backbone of the economy, contributing more than half of GDP, with IT, financial services and telecom playing leading roles. At the same time, manufacturing has been gaining traction, supported by efforts to position India as a global supply chain alternative. Overall, the Indian economy still presents a compelling picture of growth combined with certain manageable complexities. Its trajectory is shaped by a balance of domestic strengths and external vulnerabilities, with long-term prospects underpinned by resilient domestic demand, prudent fiscal policies, demographic dividend, accelerating digital transformation, infrastructure transformation and ongoing policy reforms. Retail investors continued to dominate market flows, supported by rising financial awareness and digital penetration. Non-Banking Financial Companies (NBFCs) play a pivotal role in India’s financial ecosystem, catering to a wide spectrum of borrowers including MSMEs and financially underserved populations thereby advancing financial inclusion and generating employment across the country. In FY 2026-27, the sector is expected to benefit from supportive macroeconomic measures. Budgetary tax reliefs and sustained repo rate cuts are likely [Showing first 8,000 characters — download PDF for full document]