The Annual Report alongwith notice of 60th AGM and other statutory reports of the company for the Financial Year 2025-26 is enclosed.

Indokem Limited (CIN: L31300MH1964PLC013088) Registered Office: Phone : 022-61236767 “KHATAU HOUSE,” Ground Floor Fax : 022-61236718 Mogul Lane, Mahim (West), E-mail : iklsecretarial@gmail.com Mumbai - 400 016. Website: www.indokem.co.in BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 504092 Subject: Submission of the Annual Report under Regulation 34 (1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Respected Sir/ Madam, The 60th Annual General Meeting of the Indokem Limited (“the Company”) will be held on Thursday, September 24, 2026, at 2:00 p.m. (IST) via Video Conferencing /Other Audio-Visual Means. Pursuant to Regulations 30 and 34(1) of the SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Annual Report along with the Notice of the 60th AGM and other Statutory Reports of the Company for FY 2025-26. The same is being sent through electronic mode to those Members whose email addresses are registered with the Company/its Registrar and Transfer Agent (RTA)/Depositories. Further, pursuant to Regulation 36(1)(b) of the SEBI Listing Regulations, the Company is also sending a letter to those shareholders whose email addresses are not registered with the Company/RTA/Depositories, providing the weblink and QR code for accessing the Annual Report on the Company’s website. The said Annual Report and Notice of 60th AGM are also available on the website of the Company at the following link: https://www.indokem.co.in/Annual-Report.php. This is for your information and records. Thanking You, Yours Truly, For INDOKEM LIMITED Rajesh D. Pisal Company Secretary and Compliance Officer Mumbai, 26th August, 2026 Encl: As above A Khatau Enterprise ANNUAL REPORT 2025-26 APPEAL TO SHAREHOLDERS In accordance with the SEBI Master Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/91 dated June 23, 2025, as amended from time to time, Members holding equity shares in physical form are requested to update their PAN, KYC details, bank account particulars, specimen signature and nomination details with the Company’s Registrar and Share Transfer Agent (“RTA”). Members may note that investor service requests in respect of physical folios are processed only upon registration of the prescribed PAN, KYC details, bank account particulars, specimen signature and nomination. Further, payment of dividend and other monetary benefits is made only through electronic mode after registration of valid bank account details. Further, pursuant to SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026, SEBI has provided a special window from February 5, 2026 to February 4, 2027 for transfer and dematerialisation of physical securities that were sold or purchased prior to April 1, 2019, including cases where transfer requests were rejected, returned or remained unprocessed due to deficiencies in documentation. Eligible shareholders are encouraged to avail themselves of this one-time opportunity by submitting the requisite documents to the Company’s RTA within the prescribed timeline. In compliance with the applicable circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI), the Notice of the Annual General Meeting (AGM) and the Annual Report for FY 2025–26 are being sent only through electronic mode to those members whose email addresses are registered with the Company, the Depositories (NSDL/CDSL) or the Company’s Registrar and Share Transfer Agent (“RTA”). Members whose email addresses are not registered have been sent an AGM intimation letter containing the web- link to access and download the Notice of the AGM and the Annual Report. Members are requested to register/update their email addresses with their respective Depository Participants (for shares held in dematerialised form) or with the Company’s RTA (for shares held in physical form). Registration of an email address will ensure timely receipt of all future shareholder communications while supporting the Green Initiative and reducing paper consumption. We seek your wholehearted support in embracing this eco-friendly initiative taken by the MCA and Indokem Limited. REGISTRAR & SHARE TRANSFER AGENT: SECRETARIAL DEPT. MUFG Intime India Private Limited INDOKEM LIMITED C-101, 247 Park, L.B.S. Marg, Khatau House, Plot No. 410, Vikhroli (West), Mumbai– 400 083. Mogul Lane, Mahim (West), Contact No.: +91 8108116767 / 022 - 4918 6270 Mumbai - 400016. Email: investor.helpdesk@in.mpms.mufg.com Tel No.: +91-22- 6123 6711 / 6123 6767 Service Request: Email: iklsecretarial@gmail.com https://web.in.mpms.mufg.com/helpdesk/Service_Request.html Website: www.indokem.co.in Swayam Portal: https://swayam.in.mpms.mufg.com/ Website: https://in.mpms.mufg.com/ 60th Annual Report 2025-26 NDOKEM IMITED INDOKEM LIMITED (CIN : L31300MH1964PLC013088) BOARD OF DIRECTORS: Mr. Mahendra Kishore Khatau Chairman and Managing Director Mr. Arupkumar Basu Managing Director Mr. Manish Mahendra Khatau Whole-time Director Mrs. Asha Mahendra Khatau Non-executive Director Mr. Rahul Singh Non-executive Independent Director Mr. Suyash Neelkanth Bhise Non-executive Independent Director Mrs. Sneha Vidyadhar Khandekar Non-executive Independent Director Mr. Adarsh Pankaj Shukla Non-executive Independent Director KEY MANAGERIAL PERSONNEL: Ms. Rupal Bhupendra Parikh Chief Financial Officer (Resigned w.e.f. 09th May, 2025) Mr. Sivarama Krishna Gunturi Chief Financial Officer (Appointed w.e.f. 09th May, 2025) Mr. Rajesh Dinkar Pisal Company Secretary and Compliance Officer STATUTORY AUDITORS: SECRETARIAL AUDITORS: CNK & Associates LLP Mayur More & Associates (F.Y. 2025-26 to 2029-30) COST AUDITORS: REGISTRAR & SHARE TRANSFER AGENT: Y. S. Gokhale & Associates M/s. MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) BANKERS: C-101, 247 Park, L.B.S. Marg, Karur Vysya Bank Vikhroli (West), Mumbai - 400 083 HDFC Bank Ltd. Email: investor.helpdesk@in.mpms.mufg.com Bank of India Swayam Portal: https://swayam.in.mpms.mufg.com/ Indian Overseas Bank Website: https://in.mpms.mufg.com/ ICICI Bank Limited REGISTERED OFFICE: SUBSIDIARIES: Khatau House, Plot No: 410, Indokem Bangladesh (Pvt.) Limited Mogul Lane, Mahim (West), Mumbai - 400 016. Refnol Overseas Limited Tel No.: +91-22- 6123 6767 / 6123 6711 Texcare Middle East LLC Email: iklsecretarial@gmail.com Website: www.indokem.co.in CONTENTS PAGES Chairman’s Message 2-3 Notice of Annual General Meeting 4-39 Directors’ Report 40-51 Annexure to Directors Report 52-58 Secretarial Audit Report 59-61 Management Discussion and Analysis Report 62-68 Corporate Governance Report 69-86 Standalone Financial Statements Independent Auditors Report 87-97 Financial Statements 98-145 Consolidated Financial Statements Independent Auditors Report 146-153 Financial Statements 154-197 60th Annual General Meeting (AGM) Day, Date & Time: Thursday, 24th September, 2026 at 2.00 P.M. Through Video Conferencing (“VC”) / Other Audio Visual Means. 60th Annual Report 2025-26 NDOKEM IMITED CHAIRMAN’S MESSAGE “A brand is a promise. A good brand is a promise kept.” — Muhtar Kent For over eight decades, Indokem has kept that promise to its customers, employees and shareholders. My Dear Shareholders, I hope you and your families are safe and in good health. I extend my heartfelt thanks for your enduring trust in Indokem Limited. On behalf of the Board of Directors and the Management, I sincerely thank you for your continued trust, confidence and support, which have remained the cornerstone of our journey. The year gone by reminded us that lasting success is built not only during favourable times but also through resilience, adaptability and disciplined execution. Despite a demanding macroeconomic environment, we remained focused on strengthening our fundamentals, enhancing operational excellence and creating sustainable value while staying true to the pri [Showing first 8,000 characters — download PDF for full document]