Corrigendum

ESAB/SE/2026 07th July 2026 BSE Limited National Stock Exchange of India Limited P J Towers, Exchange Plaza, 5th Floor Dalal Street, Plot No. C/1, Block Mumbai 400 001 Bandra Kurla Complex, Bandra (E) Scrip Code: 500133 Mumbai - 400 051 Scrip Code: ESABINDIA Dear Sir, Sub: Corrigendum to the Annual Report 2025-26 In furtherance to our letter dated 03rd July 2026, we wish to inform that there were inadvertent omission/ typographical errors noticed in the Annual Report for financial year 2025-26 of the Company, after the same was sent to the members/ shareholders through electronic mode on 03rd July 2026. Details of the same are as follows: 1. In page No.103, clause (vii) (b) of the report, the following details were inadvertently omitted, and it is now considered. Name of Statute Nature of Forum where Dispute is Period to which Amount Amount Dues pending the Amount Involved (Rs Unpaid (Rs Relates in Lakhs) in Lakhs) Income Tax Act, Income Tax Deputy Commissioner of AY 2003-04 190 190 1961 Income Tax Income Tax Act, Income Tax Deputy Commissioner of AY 2004-05 78 78 1961 Income Tax 2. The description mentioned in the 18th row of the five-years financial highlights table in page No.3 of the report, was inadvertently mentioned as “Retained Earnings - Current Year” instead of “Earnings for the year”. This is now corrected. 3. In page No. 57, in principle 5 point 3 of BRSR Report, the median remuneration/salary/wages of Key Managerial Personnel, was inadvertently mentioned as “1,67,38,464” instead of “1,84,63,840”. This is now corrected. 4. There were few cosmetic corrections carried out in different pages of the annual report. We hereby enclose the revised Annual Report, and the same is made available on the website of the Company at https://esabindia.com/in/ind_en/investor-relationship/financial-results/ Copy of this Corrigendum is also being made available on the website of the Company. We further wish to inform you that the said inadvertent omission / typographical errors have no impact on the financial statements of the Company for the year ended 31st March 2026. For ESAB INDIA LIMITED G BALAJI COMPANY SECRETARY Encl: As above Annual Report 2025-2026 Board of Directors Audit Committee N Ramesh Rajan Chairman Kevin Johnson (till 30th April 2026) Raja Venkataraman Member Chairman Kevin Johnson (till 30th April 2026) Member Curtis Evan Jewell (w.e.f. 1st May 2026) Curtis Evan Jewell (from 1st May 2026) Member Chairman Stakeholders Relationship Committee Rohit Gambhir Raja Venkataraman Chairman Managing Director Rohit Gambhir Member B Mohan Kevin Johnson (till 30th April 2026) Member Director & CFO Curtis Evan Jewell (from 1st May 2026) Member N Ramesh Rajan Independent Director Nomination & Remuneration Committee N Ramesh Rajan Chairman Raja Venkataraman Independent Director Cauvery Dharmaraj Member Kevin Johnson (till 30th April 2026) Member Cauvery Dharmaraj Curtis Evan Jewell (from 1st May 2026) Member Independent Director Corporate Social Responsibility Committee Key Managerial Personnel Cauvery Dharmaraj Chairperson Rohit Gambhir Rohit Gambhir Member Managing Director Kevin Johnson (till 30th April 2026) Member Curtis Evan Jewell (from 1st May 2026) Member B Mohan Director & Chief Financial Officer Risk Management Committee G Balaji Kevin Johnson (till 30th April 2026) Chairman Company Secretary & Compliance Officer Curtis Evan Jewell (from 1st May 2026) Chairman Email : balaji.g@esab.co.in Rohit Gambhir Member investor.relations@esab.co.in Raja Venkataraman Member B Mohan Member Registered Office Statutory Auditors Plot No.13, 3rd Main Road, Industrial Estate M/s. Deloitte Haskins & Sells Ambattur, Chennai - 600 058. Chartered Accountants Tel : 044-4228 1100 ASV Ramana Tower, Fax : 044-4228 1150 52, Venkatanarayana Road, www.esabindia.com T Nagar, Chennai - 600 017. CIN: L29299TN1987PLC058738 Firm Regn : 008072S Bankers to the Company Internal Auditors 1. AXIS Bank Limited M/s. KPMG Assurance & Consulting Services, LLP No. 82, Dr Radhakrishnan Salai, Mylapore, Chennai - 600 004. Chartered Accountants KRM Towers, Ground Floor, No. 1, 2. HDFC Bank Limited Harrington Road, Chetpet, Chennai - 600 031. No. 115, Dr Radhakrishnan Salai, Tel. No. 044-3914 5000 Mylapore, Chennai - 600 004. 3. JP Morgan Chase Bank, N.A. Cost Auditors Off C.S.T Road, Kalina, Santacruz (East) M/s. Geeyes & Co. Mumbai - 400 098. Cost & Management Accountants Registrar & Share Transfer Agent A-3, III Floor, 56, Seventh Avenue, Integrated Registry Management Services Ashok Nagar, Chennai - 600 083. Private Limited Tel. No: 044-4203 3470 2nd Floor, ‘Kences Towers’ No.1, Secretarial Auditor Ramakrishna Street, North Usman Road, T. Nagar, Chennai - 600 017. Mr. V Mahesh, Practicing Company Secretary Tel : 044-2814 0801 / 02 / 03 No. 555, Level 8, ‘B’ Wing, Capital Towers, Fax : 044-2814 2479 / 3378 Anna Salai, Teynampet, Chennai - 600 018. E-mail : einward@integratedindia.in Tel. No: 044-2435 4113 1 Annual Report 2025-2026 Contents Page Five Years Financial Highlights 3 Notice 5 Directors’ Report 16 Business Responsibility and Sustainability Report 37 Report on Corporate Governance 71 Practicing Company Secretary’s Certificate in Compliance with Corporate Governance 94 Independent Auditor’s Report on Audit of the Ind AS Financial Statements 96 Balance Sheet 106 Statement of Profit and Loss 107 Statement of Cash Flow 108 Statement of Changes in Equity 109 Notes to the Financial Statements 110 Annual Report 2025-2026 2 Five years Financial Highlights à in Lakhs Operating Results 2025-2026 2024-2025 2023-2024 2022-2023 2021-2022 Total Revenue 1,51,418 1,38,125 1,24,981 1,09,860 90,098 Materials 87,850 81,498 74,401 67,192 56,423 Manufacturing, Selling and 35,981 31,395 27,163 23,201 21,125 Administative Expenses Interest and Finance Charges 207 168 42 50 61 Depreciation 1,706 1,492 1,379 1,188 1,133 Operating Profit 25,674 23,572 21,996 18,229 11,356 Exceptional / Extraordinary items 1,726 – – – – Profit before Tax 27,400 23,572 21,996 18,229 11,356 Taxation (6,731) (6,030) (5,698) (4,661) (2,925) Profit after Tax 20,669 17,542 16,298 13,568 8,431 Other comprehensive income / (loss) (23) (18) (20) 44 74 Total comprehensive income 20,646 17,524 16,278 13,612 8,505 for the period, net of tax Earnings per share (Rs) 134.30 113.98 105.90 88.16 54.78 Dividends 14,162 12,005 11,699 12,007 10,005 *Dividend per share (Rs) 92 78 76 78 65 Dividend Payout Ratio 69% 69% 72% 88% 118% Earnings for the year 20,646 17,524 16,278 13,612 8,505 Financial Position 2025-2026 2024-2025 2023-2024 2022-2023 2021-2022 Sources of Funds Capital 1,539 1,539 1,539 1,539 1,539 Reserves 41,399 34,586 29,067 24,488 22,883 Net Worth 42,938 36,125 30,606 26,027 24,422 Total 42,938 36,125 30,606 26,027 24,422 Application of Funds Fixed Assets 15,358 14,537 12,956 11,455 9,251 Investments 4,377 2,372 44 15 3,116 Deferred Tax Assets 930 1,166 198 108 162 Non Current Assets / Financial Assets 806 1,288 1,021 706 557 Current Assets / Current Financial Assets 48,416 45,555 40,880 35,117 30,524 Non Current Liabilities (2,456) (1,152) (1,077) (1,010) (640) Current Liabilities and Provisions (24,493) (27,641 ) (23,416) (20,364) (18,548) Total 42,938 36,125 30,606 26,027 24,422 Number of Employees 1,003 933 867 829 822 * Dividend per share is considered based on dividend payout during the financial year. 3 Annual Report 2025-2026 Total Revenue Profit Before & After Tax 25,000 1,60,000 1,51,418 27,400 1,38,125 25,000 23,572 1,40,000 1,24,981 21,996 20,669 1,20,000 1,09,860 20,000 18,229 17,542 1,00,000 90,098 16,298 15,000 13,568 80,000 11,356 60,000 10,000 8,431 40,000 5,000 20,000 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 Earnings per Share Net Worth 160.00 Rs. 45,000 42,938 140.00 134.30 40,000 36,125 120.00 113.98 35,000 105.90 30,606 100.00 30,000 88.16 26,027 24,422 25,000 80.00 20,000 60.00 54.78 15,000 40.00 10,000 20.00 5,000 2021-2022 2022-2023 2023-2024 20 [Showing first 8,000 characters — download PDF for full document]