Annual Report for Financial Year 2025-26

August 26, 2026 The Department of Corporate Services, BSE Limited, Mumbai The Listing Compliance Dept. National Stock Exchange of India Ltd, Mumbai BSE Script Code: 531795 NSE Script Symbol: ATULAUTO SUB: ANNUAL REPORT FOR FY 2025-26 ALONG WITH NOTICE OF THIRTY-EIGTH ANNUAL GENERAL MEETING TO BE HELD ON SEPTEMBER 18, 2026 Pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements), 2015, we are submitting here with the Annual Report for the Financial Year 2025-26 of Atul Auto Limited (“the Company”) along with Notice of the 38th Annual General Meeting of the Company scheduled to be held on Friday, September 18, 2026 at 03.30 pm (IST), through Video Conferencing (VC)/ Other Audio Visual Means (OAVM). The said notice forms part of the Annual Report of the Company for the financial year ended March 31, 2026 and are being sent to the shareholders through electronic mode only on their registered e-mail addresses and are also available on the website of the Company at https://atulauto.co.in/wp- content/uploads/2026/08/38th-Annual-Report-2025-26.pdf The important dates for Annual General Meeting and E-voting are as below: Record Date for Final Dividend for Financial Year 2025-26 11-09-2026 Cut Off Date for determining shareholders eligible for E-voting 11-09-2026 and attending Annual General Meeting Remote e-Voting Start Date and time 15-09-2026 / IST 09:00 AM Remote e-Voting End Date and time 15-09-2026 / IST 05:00 PM Date and time of 38th Annual General Meeting 18-09-2026 / IST 3:30 PM Yours faithfully, For Atul Auto Limited, Paras J Viramgama Company Secretary & Compliance Officer ATUL AUTO LIMITED (Corporate Identification Number: L54100GJ1986PLC016999) Regd. Office & Factory: National Highway 8-B, Near Microwave Tower, Shapar (Veraval), Rajkot – 360024 (Gujarat) Phone: 02827 252999 Website: www.atulauto.co.in E-Mail: info@atulauto.co.in ATUL AUTO LIMITED Survey No. 86, Plot No. 1-4, 8B National Highway, Near Microwave Tower, Shapar (Veraval), Dist.Rajkot Gujarat 360024 India Telephone: +91 2827 252999 | Customer care: +91 89 888 70 999 E-mail: Info@atulauto.co.in | Website: www.atulauto.co.in Corporate Statutory Financial SHAPING THE FUTURE OF Review Reports Statements SMART MOBILITY. NAVIGATION Corporate Overview Driving Purpose, Progress, & Dreams 2 Competitive Strengths 4 Accelerating Momentum 5 A Promise Made 6 Engineering Tomorrow’s Mobility 8 Operational Integration 10 Key Performance Indicators 12 Our Footprint 14 Product Portfolio 18 Value Enablers 22 MOMENTUM FOR Managing Director’s Communique 24 A SMARTER Corporate Social Responsibility 26 Management Team 28 TOMMORROW Statutory Reports Management Discussion & Analysis 30 Board’s Report 42 Report on Corporate Governance 63 A journey defined by resilience, adaptability and a deep understanding of evolving mobility needs has shaped our growth over the years. Through changing market Financial Statements dynamics, technological advancements and shifting customer expectations, the Company has continued to move forward with purpose and determination. Independent Auditor’s Report (Standalone) 85 Momentum for a Smarter Tomorrow reflects this continuous progress-where every Standalone Financial Statements 96 achievement strengthens the foundation for future growth and every challenge becomes Independent Auditor’s Report (Consolidated) 157 an opportunity to move ahead stronger than before. Consolidated Financial Statements 164 Form AOC-1 222 Notice of 38th Annual General Meeting 224 ATUL AUTO LIMITED 1 CCoorrppoorraattee SSttaattuuttoorryy FFiinnaanncciiaall SSHHAAPPIINNGG TTHHEE FFUUTTUURREE OOFF RReevviieeww RReeppoorrttss SSttaatteemmeennttss SSMMAARRTT MMOOBBIILLIITTYY.. Driving Purpose, Progress, & Dreams Behind every three-wheeler, there is a story. A father who mortgaged his savings to buy one - because he believed it would change his family’s life. And it did. A young man from a small town who drives twelve hours a day, not because he has to, but because somewhere along the way, the road became his. His independence. His identity. A mother in a busy city who knows that when she steps out with her children, there will always be one waiting - familiar, accessible, and safe. A shopkeeper in a narrow lane who built his entire business on the reliability of a three-wheeler arriving every morning without fail, carrying his livelihood on its flatbed. A first-generation entrepreneur who saw not a vehicle, but a business - and with it, the courage to dream bigger than his circumstances. An ice-cream vendor who delivers joy to little hands, one smile at a time- where every turn of the wheel carries happiness to every neighbourhood. This is what a three-wheeler means to India. It is not a segment. It is not a category. It is the quiet, unstoppable engine of everyday ambition - moving people, moving goods, moving lives forward. We do not just manufacture three-wheelers. We carry the aspirations of millions - one journey at a time. 22 AANNNNUUAALL RREEPPOORRTT 22002255--2266 AATTUULL AAUUTTOO LLIIMMIITTEEDD 33 Corporate Statutory Financial SHAPING THE FUTURE OF Review Reports Statements SMART MOBILITY. Competitive Accelerating Multi-Fuel Capability Strengths Momentum A broad product portfolio spanning diesel, petrol, LPG, CNG and electric, allowing the Company to cater to evolving market preferences and regulatory developments. A momentum powered by A momentum extending across millions of journeys across India geographies, communities and Delivery Vans Comprehensive Presence Across Mobility Portfolio Vehicle Categories is shaping the future of mobility. opportunities is accelerating Atul Because the Auto’s growth story. A diversified range of over Strong positioning across both L3 From bustling cities to emerging future of mobility 20 specialised three-wheeler and L5 vehicle segments, enabling towns and rural communities, Atul By combining its global and domestic applications catering to varied participation in multiple mobility and Ice-cream Vans Auto continues to strengthen its presence with innovation-led is not just about mobility requirements, including transportation use cases. presence by delivering reliable, mobility solutions, the Company passenger transport, cargo movement accessible and efficient mobility is enhancing connectivity, moving vehicles. and purpose-built solutions such Strengthening the solutions that support livelihoods, empowering entrepreneurs and Tippers as delivery vans, tippers, garbage EV Ecosystem businesses and everyday aspirations contributing to India’s evolving It is about (Garbage Carriers for carriers for local authorities, ice Strategic collaborations with leading across the country. transportation landscape. local authorities) cream vans and other customised technology partners, including battery moving people, utility carriers. solutions developed in association A momentum built on deeper A momentum carried across with Exponent and Honda, reinforce market reach and stronger India’s roads, markets and aspirations and Multi-Platform Architecture the Company’s commitment towards customer connections is driving communities, while complying Vegetable Vans Engineering capabilities across both advancing environmentally responsible Atul Auto forward. on safety and emission norms progress forward. front-engine and rear-engine vehicle mobility solutions. Atul have EVs with reflects the Company’s enduring configurations, enabling greater various options like swappable battery, As the Company expands its footprint commitment to progress. flexibility in addressing diverse fixed battery and fast-charging battery - across India, it remains focused on customer and operating requirements. all solutions under one roof. understanding regional mobility With a growing presence across the needs, strengthening distribution country and a focus on future-ready networks and delivering solutions mobility, Atul Auto continues to move Not every journey begins w [Showing first 8,000 characters — download PDF for full document]