Integrated Annual Report of the Company for FY 2025-26.

DEEP LOCALISATION 41st Integrated Annual Report 2025-26 Contents 01 Introduction About This Report 3 Deep Localisation 5 Key Highlights 6 Message from Chairman & Managing Director 8 02 Corporate Overview Organisational Overview and External Environment 12 Five-Year Performance at a Glance 28 Strategy and Resource Allocation 30 Governance 331 Risk Management 32 03 Value Creation Approach to value creation 34 Strategic Objectives 38 Business Objectives 44 Stakeholder Engagement and Materiality Assessment (SEMA) 45 1 Integrated Annual Report FY 2025-26 Introduction | Corporate Overview | Value Creation | Capitals Performance | Outlook And Closing | Appendix | Statutory Reports | Financial Statements 07 Statutory Reports Management Discussion and Analysis 159 Report of the Directors 174 Business Responsibility and 04 Capitals Performance Sustainability Report 190 Report on Corporate Governance 244 Financial Capital 52 Auditors’ Certificate on Corporate Intellectual Capital 56 Governance 263 Human Capital 69 Social and Relationship Capital 79 08 Financial Statements Manufactured Capital 100 Independent Auditors’ Report Natural Capital 118 (Standalone) 265 AIS – Financials (Standalone) 275 Statement Related to Subsidiaries 05 Outlook and Closing / Associate Companies / Joint Ventures 320 Independent Auditors’ Report Future Outlook 147 (Consolidated) 321 AIS – Financials (Consolidated) 329 Notice to Shareholders 371 Member’s Response Form 407 06 Appendix Shareholders Reference 408 GRI Content Index 149 09 Independent Assurance Report on Sustainability Disclosures https://www.aisglass.com Integrated Annual Report FY 2025-26 2 About the Report Purpose of the Report Reporting Scope and Boundaries This Integrated Annual Report for FY 2025–26 (hereinafter This Report covers the period from 1st April, 2025, to referred to as ‘the Report’) presents AIS’s holistic account of 31st March, 2026, and encompasses both financial and value creation across the short, medium, and long-term non-financial information across AIS’s Strategic Business horizons. This report goes beyond conventional financial Units (SBUs): Auto Glass, Architectural Glass and Consumer reporting to reflect the full breadth of the AIS's performance, Glass. The reporting scope includes pan-India operations of including strategy, governance, environmental stewardship, AIS spanning across the National Capital Region and social impact. (Delhi-NCR), and the manufacturing, processing sites and warehouses at Bawal, Faridabad and Kharkhoda (Haryana), AIS's integrated reporting journey is grounded in a core Chennai (Tamil Nadu), Patan and Kadi (Gujarat), Pune, Taloja conviction: ‘Green is Green’. This Report highlights how and Nasik (Maharashtra), and Soniyana (Rajasthan), capital allocation decisions, material risks, and stakeholder Roorkee (Uttarakhand), Bangalore (Karnataka), Chennai and priorities influence outcomes across the six capitals. The Hosur (Tamil Nadu), Anantapur (Andhra Pradesh) and disclosures in the Report are designed to serve the Kolkata (West Bengal). The Report focuses on topics informational needs of all key stakeholders, including material to AIS’s operations and relevant to its stakeholders, investors, customers, employees, regulators, and the including value chain partners, customers, and communities in which AIS operates. They are guided by communities. It also provides relevant historical trends for transparency, balance, and evidence. context and clearly discloses any exclusions. The Integrated Annual Report is being published for the first time. However Annual Reports as mentioned were publised annually. For further information, please contact Mr. Gopal Ganatra, Chief Sustainability Officer at investorrelations@aisglass.com or 0124-4062212. Reporting Standards and Frameworks This Report aligns with: The Report has been prepared in accordance with the International Integrated Reporting Council (IIRC-<IR>) International Integrated Reporting framework, issued by the International Financial Council (IIRC-<IR>) Reporting Standards (IFRS) Foundation. The financial and statutory disclosures comply with the Companies Act, 2013, the Indian Accounting Standards, and Securities and Exchange Board of India Global Reporting Initiative (GRI) (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, including applicable secretarial standards. Non-financial performance in the Report has been prepared with reference to the Global Reporting National Guidelines on Responsible Initiative (GRI) Standards (2021), and AIS's sustainability Business Conduct (NGRBC) initiatives are mapped to the United Nations Sustainable Development Goals (UN SDGs). The Report also includes the SEBI’s Business Responsibility and Sustainability Report United Nations Sustainable (BRSR) as per National Guidelines on Responsible Business Development Goals (UN SDGs) Conduct (NGRBC), reflecting AIS's commitment to comprehensive and multi-framework disclosure. 3 Integrated Annual Report FY 2025-26 Introduction | Corporate Overview | Value Creation | Capitals Performance | Outlook And Closing | Appendix | Statutory Reports | Financial Statements Materiality Restatement of Information AIS’s approach to materiality is anchored in strategic In line with its commitment to accurate and transparent relevance and long-term value creation. The Report is reporting, AIS periodically reviews and refines its data structured around the issues, risks, and opportunities collection processes for Key Performance Indicators that most significantly influence the organisation’s (KPIs). When these reviews lead to revisions of ability to create value for its stakeholders over short, previously reported figures, AIS updates the data medium, and long-term horizons. The Company accordingly. Such revised data is marked with (R#) to identifies material topics through a structured process indicate a restatement made for improved accuracy or that includes stakeholder surveys, in-depth internal and alignment with current reporting standards. external consultations, topic scoring, and the development of a materiality matrix. AIS conducted a refreshed review of its materiality assessment, building Independent External Assurance on the Stakeholder Engagement and Materiality Assessment (SEMA) undertaken in FY 2023–24. This To reinforce the credibility, transparency, and reliability review incorporates peer benchmarking and an of the information presented in this Integrated Annual assessment of evolving industry standards relevant to all Report, the Company has obtained independent three Auto, Architectural and Consumer Glass SBUs. For assurance over selected financial and non-financial a detailed account of the process and outcomes, refer to disclosures. the Materiality Assessment section of the Report. Financial Information Statement of Responsibility The Standalone and Consolidated Financial Statements for the financial year ended 31st March, 2026 have been independently audited by the Company's Statutory The Board of Directors (referred to as ‘the Board’) Auditors, M/s. VSSA & Associates, in accordance with confirms that the Integrated Annual Report for the applicable provisions of the Companies Act, 2013, FY 2025–26 presents a balanced and transparent the Standards on Auditing issued by the Institute of account of the Company’s strategy, risks, and approach Chartered Accountants of India (ICAI), and other to long-term value creation. The contents of this report applicable regulatory requirements. The Independent were developed with contributions from Senior Auditors' Report is included in the Financial Management and key functional teams and have been Statements section of this Report. reviewed and approved by the Board. It is important to note that the Report contains certain ‘forward-looking Non-Financial Information statements’ reflecting AIS’s expectations regarding future performance. These statements are based on The Company's sus [Showing first 8,000 characters — download PDF for full document]