Submission of Annual Report for FY 2025-26

Date: 26th August, 2026 To To The General Manager, The General Manager, Department of Corporate Services, Listing Department, Bombay Stock Exchange Limited, National Stock Exchange of India Limited PhirozeJeejeebhoy Towers, Exchange Plaza, Plot No C/1, G Block, Dalal Street, Mumbai- 400001. BandraKurla Complex, S crip Code : 540692 Bankdra (East), Mumbai - 400 051. Scrip Symbol : APEX Dear Sirs’ Sub: Submission of Notice of 14th Annual General Meeting & Annual Report for FY 2025-26 Ref: Regulation 30 and Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”). We wish to inform you that the 14th Annual General Meeting ("AGM") of the APEX FROZEN FOODS LIMITED (“Company”) will be held on Thursday, 17th day of September 2026 at 10.00 A.M. through video conferencing ('VC') / other audio visual means ('OAVM'), without physical presence of the members at a common venue, in compliance with the provisions of the Companies Act, 2013, (the 'Act') and relevant circulars as issued by Ministry of Corporate Affairs (“MCA”) and the Securities and Exchange Board of India In terms of the provisions of Regulation 30 and Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), the Annual Report of for the Financial Year 2025-26 (“Annual Report”) along with the Notice of the 14th Annual General Meeting is enclosed herewith. The Annual Report including Notice of AGM shall be uploaded on the Company’s website and can be accessed at https://apexfrozenfoods.in/investors/annual-reports/ Further, in accordance with the aforesaid MCA Circulars and SEBI Circular, the Notice of the AGM along with the Annual Report is being sent only by electronic mode to those Shareholders whose email addresses are registered with the Company/ Depository Participants. The Annual Report together with the Notice of the AGM is being dispatched to the Shareholders today. Kindly take the above information on record. Thanking you, Yours Faithfully, for Apex Frozen Foods Limited K. Subrahmanya Chowdary Managing Director DIN 03619259 Encl: As above EXPANDING HORIZONS, ENHANCING STABILITY ANNUAL REPORT 2025-26 Contents 2025-26 Highlights Corporate Overview 9,311 02 Who We Are ₹ million 04 Product Portfolio Net Revenue 14% Y-o-Y growth 06 Integrated Value Chain 08 Presence 10 Journey ₹ million 12 Key Performance Indicators EBITDA 145% Y-o-Y growth 14 Chairman’s Message 16 Operating Context 18 Board of Directors ₹ million Profit After Tax (PAT) 902% Y-o-Y growth Statutory Reports 20 Directors’ Report 28 Report on Corporate Governance 56 Management Discussion and Analysis Financial Statements 61 Audit Report 72 Standalone 109 Notice EXPANDING HORIZONS, ENHANCING STABILITY FY 2025-26 was a defining Global trade remained volatile, shaped by tariff- related uncertainties in the United States and year for Apex Frozen Foods geopolitical disruptions that impacted logistics that demonstrated the strength and supply chains. Yet, despite these challenges, Apex delivered strong revenue growth, improved of preparation, the value of profitability, further strengthened the balance sheet, diversification, and the resilience of and maintained stable volumes. an integrated business model. This resilience was not incidental. Over the last several years, Apex has consciously expanded its presence beyond traditional markets, laying the groundwork for a more diversified and balanced export portfolio. In FY 2025-26,, these efforts translated into tangible results, with non-U.S. markets emerging as the largest contributor to revenues for the first time in the Company’s history. Strong growth in the European Union market helped offset temporary disruptions in the U.S., validating our long-term strategy of reducing concentration risk while creating multiple avenues for growth. At the same time, our integrated operations, expanded value-added product portfolio, and focus on operational efficiencies along with firm global shrimp realisation enabled us to protect margins and enhance profitability even in a challenging environment. Supported by strong cash generation, disciplined working capital management, and significant debt reduction, we entered FY 2026-27, with one of the strongest balance sheets to date. As global markets evolve, we remain focused on broadening opportunities while strengthening our foundations. With diversified markets, scalable processing capabilities, growing value-added offerings, and a lean financial structure, Apex is well-positioned to capitalise on future growth opportunities while navigating uncertainties with confidence. "EXPANDING HORIZONS, ENHANCING STABILITY" captures this journey—expanding our reach across geographies, customers, and product segments, while reinforcing the operational, financial, and strategic pillars that create sustainable long- term value. APEX FROZEN FOODS LTD. | Annual Report 2025-26 Who We Are APEX FROZEN FOODS AT A GLANCE Established in 1995, Apex Frozen Key Value Proposition Foods has developed into one of Well-integrated shrimp processor and India’s prominent processors and exporter with end-to-end operational control across hatchery, processing, and export exporters of value-added shrimp. functions, enabling tighter control over We strategically expanded our quality, consistency, and traceability across the value chain. presence across critical parts of the shrimp value chain. Strong focus on value-added, ready-to-cook and ready-to-eat products. From our origins as a processing-led business, Apex has steadily advanced capabilities through sustained Established global customer base across investments in backward integration and value the USA, the UK, and Europe, spanning food enhancement. This has enabled greater control over companies, retail chains, restaurants, club quality parameters and consistency, positioning the stores, and distributors. Company as a dependable global supplier of premium shrimp to leading international customers. Large-scale capacity in place, 1.2–1.4 The Company supplies ready-to-cook (RTC) and billion SPF seed breeding capacity, along ready-to-eat (RTE) processed shrimp (mainly L. with 34,240 MTPA processing capacity and Vannamei) to a wide-ranging customer base that 3,500 MT cold storage. includes food manufacturers, retail chains, restaurant operators, club stores, and distributors across the Robust cold chain infrastructure supported USA, Europe, UK and other countries. Products are by cold storage facilities and temperature- marketed both under customer labels and under controlled logistics. Apex’s own brands. Apex operates an integrated model covering hatchery Compliance with stringent international operations, pre-processing, processing, and export quality standards across developed markets. activities. Every stage of the value chain is governed by strict quality standards aligned with requirements Strong capability to deliver reliable, high- of developed markets. Supporting this infrastructure quality supply at scale. are strategically located cold storage facilities and a dedicated fleet of temperature-controlled vehicles, ensuring product freshness and integrity throughout Strong leadership with decades of expertise the supply chain. in shrimp processing and export. Corporate Overview Statutory Reports Financial Statements Key Facts Region-wise Export Mix Years of Experience FY26 10,286 Sales Volume (FY26) 34,240 MTPA USA 48% Others 5% Europe 47% Total Capacity APEX FROZEN FOODS LTD. | Annual Report 2025-26 Product Portfolio ENHANCING VALUE, EXPANDING OPPORTUNITIES Our value-added product capabilities help us to adapt to evolving global consumer preferences while enhancing realisations and strengthening customer relationships across developed markets. With advanced processing infrastructure, we offer The increasing focus on value-added offerings a diversified portfolio o [Showing first 8,000 characters — download PDF for full document]