Annual Report of the Company for the financial year ended 31st March, 2026 is enclosed.

EEfficApiTALANDFINANclALSERvicESLTD. (A NON-BANKING FINANCIAL COMPANY) Regd. Offlco & Corporate Office : "Nahar Tower", 375 lndustrialArea-A, Ludhiana -141003 (I NDIA) Phones : 91-161-2600701 to 705, 2606977 to 980 Fax : 91-161-2222942, 2601956 E-mall : secncfs@owmnahar.com W®bsite : www.owmnahar.com CIN No. : L45202P82006PLC029968 GST No. : 03AACCN2866QIZ2 NCFSL/SD¢026-27I/ August 27, 2026 Corporate Relations Department Corporate Listing Department The National Stock Exchange of India Limited The BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1, G-Block 25th Floor, P.J. Tower, Dalal Street, Mumbai Bandra-Kurla Complex, Bandra (E) MUMBAl -400 001 MUMBAI -400 051 SCRIP CODE: 532952 SYMBOL: NAHARCAP SUB: ANNUAL REPORT 2025-26 Dear sir/Madam, Pursuant to the requirements of Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Annual Report of the Company for the financial year 2025-26. The same has also been uploaded on the Company's website i.e. www.owmnahar.com. This is for the information of the general public as well as members of the Exchange. Thanking you, Yours faithfully, For NAHAR CAPITAL AND FINIAP!]£!A`L SERVICES LTD. (ANJALI MODGIL) COMPANYSECRETARY M. NO. F9650 Encl. As above Gurugram : Plot No. 22-a, Sector-18, Gurugram-120 015 (India) Ph. : 91 -124-2430532 -2430533 Fax : 91-124-2430536 Email : delhi@ow/mnahar.com ARK OF INTEGRITY The Nahar Group ANNUAL REPORT 2025-26 Capital and Financial Services Limited BOARD OF DIRECTORS Mr. Jawahar Lal Oswal Chairman Mr. Dinesh Oswal Managing Director Mr. Kamal Oswal Director Mr. Dinesh Gogna Director Mr. Satish Kumar Sharma Director Dr. Manisha Gupta Independent Director Dr. Vijay Asdhir Independent Director Dr. Roshan Lal Behl Independent Director Dr. Yash Paul Sachdeva Independent Director Dr. Rajan Dhir Independent Director CHIEF FINANCIAL OFFICER COMPANY SECRETARY Mr. Hans Raj Kapoor Mrs. Anjali Modgil REGISTERED OFFICE BANKERS 375, Industrial Area-A ICICI Bank Limited L udhiana-141 003, Punjab STATUTORY AUDITORS REGISTRAR & SHARE TRANSFER AGENT M/s Gupta Vigg & Co. M/s Alankit Assignments Limited Chartered Accountants Alankit House, 4E/2, 101-Kismat Complex Jhandewalan Extension G.T. Road, Miller Ganj, New Delhi - 110 055 Ludhiana-141003 21ST ANNUAL GENERAL MEETING CONTENTS PAGE NO. NOTICE 1 Day : Friday DIRECTORS' REPORT 17 Date : 25th September, 2026 CORPORATE GOVERNANCE REPORT 33 Time : 12:30 p.m. MANAGEMENT DISCUSSION & ANALYSIS REPORT 49 INDEPENDENT AUDITORS' REPORT 52 Mode : Video Conferencing (VC)/ Other Audio Visual Means STANDALONE FINANCIAL STATEMENTS 60 (OAVM) CONSOLIDATED INDEPENDENT AUDITORS' REPORT 97 CONSOLIDATED FINANCIAL STATEMENTS 103 Annual Report NAHAR CAPITAL AND FINANCIAL SERVICES LIMITED 2025-2026 NOTICE and based on the recommendation and approval of Nomination and Remuneration Committee and Board of NOTICE IS HEREBY GIVEN THAT THE 21ST ANNUAL Directors of the Company, the consent and approval of GENERAL MEETING (AGM) of the members of NAHAR the Members be and is hereby accorded for the re- CAPITAL AND FINANCIAL SERVICES LIMITED (“the appointment of Mr. Dinesh Oswal (DIN : 00607290), as a Company”) will be held on Friday, the 25th day of Managing Director of the Company, for a period of five (5) September, 2026 at 12.30 pm through Video years w.e.f. January 1, 2027 to December 31, 2031 on the Conferencing (VC)/ Other Audio Visual Means (OAVM) to remuneration and perquisites as set out below: transact the following businesses: 1. Salary (Scale) : Rs. 45,00,000 - 3,00,000 - 57,00,000 ORDINARY BUSINESS: per month; ITEM NO. 1 – ADOPTION OF FINANCIAL 2. Commission : 2% of the Net Profit; STATEMENTS 3. Perquisites : Following perquisites shall be allowed I. To consider and adopt the Standalone Financial in addition to salary and commission:- Statements of the Company for the financial year ended March 31, 2026 and the Reports of the Board of a. Medical Reimbursement: Reimbursement of Directors and Auditors thereon. expenses incurred including premium paid for medical policy for self and family, subject to a ii. To consider and adopt the Consolidated Financial ceiling of one month's salary in a year or five Statements of the Company for the financial year months' salary over a period of five years. ended March 31, 2026 and the Reports of the Auditors thereon. b. Leave Travel Concession: Leave Travel Concession for self and family once in a year ITEM NO. 2 – DECLARATION OF DIVIDEND incurred by him. To declare a Dividend of Rs. 1.50/- per Equity Share of c. Club Fees: Fees of club subject to a maximum Rs. 5/- each for the financial year ended March 31, 2026. of two clubs including Admission Fees and Life ITEM NO. 3 – APPOINTMENT OF MR. JAWAHAR LAL Membership Fees. OSWAL (DIN: 00463866) AS A NON-EXECUTIVE d. Personal Accident Insurance: Personal DIRECTOR LIABLE TO RETIRE BY ROTATION Accident Insurance of an amount, the annual To appoint a director in place of Mr. Jawahar Lal Oswal premium of which shall not exceed Rs. 20,000/-. (DIN: 00463866) in terms of Section 152(6) of the e. Provident Fund and Super-annuation Fund: Companies Act, 2013, who retires by rotation and being Contribution to Provident Fund, Super- eligible, offers himself for re-appointment. annuation Fund or Annuity Fund in accordance ITEM NO. 4 – APPOINTMENT OF MR. KAMAL OSWAL with the rules specified by the Company. (DIN: 00493213) AS A NON-EXECUTIVE DIRECTOR f. Gratuity: Gratuity paid shall not exceed half LIABLE TO RETIRE BY ROTATION month's salary for each completed year of To appoint a director in place of Mr. Kamal Oswal (DIN: service subject to maximum limit as per 00493213) in terms of Section 152(6) of the Companies Payment of Gratuity Act, 1972. Act, 2013, who retires by rotation and being eligible, g. Leave Encashment: Encashment of leave at offers himself for re-appointment. the end of the tenure, as per rules of the SPECIAL BUSINESS: Company. ITEM NO. 5 – TO RE-APPOINT MR. DINESH OSWAL h. Car and Telephone: Free use of Company's (DIN: 00607290) AS A MANAGING DIRECTOR OF THE car with Driver for official work and telephone at COMPANY residence.” To consider and if thought fit, to pass with or without Note: For the purpose of perquisites stated herein above, modification(s) the following resolution as a Special family means the spouse, the dependent children and Resolution: dependent parents of the appointee. "RESOLVED THAT pursuant to the provisions of Section "RESOLVED FURTHER THAT abovementioned 196, 197 and 203 read with Schedule V and other remuneration be paid to Mr. Dinesh Oswal, being a applicable provisions, if any, of the Companies Act, 2013 member of Promoter/Promoter Group of the Company, read with the Companies (Appointment and notwithstanding the aggregate annual remuneration Remuneration of Managerial Personnel) Rules 2014, payable to him may exceeds the limit as provided under SEBI (Listing Obligations and Disclosure Requirements) Regulation 17(6)(e) and materiality threshold as provided Regulations, 2015 (including any statutory under Regulation 23(1) of SEBI (Listing Obligations and modification(s) or re-enactment(s) thereof, for the time Disclosure Requirements) Regulations, 2015 during his being in force) and Articles of Association of the Company tenure from January 1, 2027 to December 31, 2031.” Annual Report NAHAR CAPITAL AND FINANCIAL SERVICES LIMITED 2025-2026 “RESOLVED FURTHER THAT the Board of Directors of Resolution: the Company subject to the recommendation of “RESOLVED THAT pursuant to the provisions of Nomination and Remuneration Committee, be and are Sections 149, 152 and 164 read with Schedule IV and any hereby authorized to alter and vary the terms and other applicable provisions of the Companies Act, 2013 conditions of appointment and /or remuneration of Mr. read with the Companies (Appointment and Qualification Dinesh Oswal, as the Board of Directors may deem of Directors) Rules, 2014 (includin [Showing first 8,000 characters — download PDF for full document]