Annual Report along with the Notice of 36th Annual General Meeting of the Company for Financial Year 2025-26

Date: August 28, 2026 The Listing Department, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai -400001, Maharashtra, India. Scrip Code: 513528 Subject: Submission of the Annual Report for FY 2025-26 together with the Notice of the 36th Annual General Meeting pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Piirsuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"), please find enclosed the Annual Report of the Company for the Financial Year 2025-26, together with the Notice convening the 36th(Thirty-Sixth) Annual General Meeting ("AGM") of the Members of the Company. The AGM is scheduled to be held on Tuesday, September 22, 2026, at 11 :30 A.M. (IST) through Video Conferencing ("VC") / Other Audio-Visual Means ("OAVM"), in accordance with the applicable provisions of the Companies Act, 2013, the rules made thereunder and the applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. Pui.suaiit to Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 and Regulation 44 of the SEBI LODR Regulations, the Company is providing remote e-voting. Members attending the AGM through VC/OAVM who have not cast their vote through remote e-voting shall be entitled to cast their vote electronically during the AGM. The I.elevant schedule is as follows: Key dates for tlie AGM and e-voting Cut-off date for determining voting eligibility Tuesday, September 15, 2026 Commencement of remote e-voting Saturday, September 19, 2026 at 9:00 a.in. (IST) Conclusion of remote e-voting Monday, September 21, 2026 at 5:00 p.in. (IST) A copy of the Annual Report for F.Y. 2025-26 is enclosed herewith. The Noticeand Annual Report is also available on the Company's website atlittos://www.glittek.com/. You` are requested to take the above information and the enclosed Annual Report on record. Yours faithfully, For Glittek Granites Limited L#agpth Company Secretary REGD. Office : Honnappa Building , 2nd Floor, V.V. Extension , Behind MCM ITI College , Old Madras Road , Hoskote , Bangalore Rural , Karnataka , India-562114, Phone-91-80-7971565, 7971566, 7971896, Email : info@glittek.com ,Website : www.glittek.com , CIN : L14102l(A1990PLC023 497 GLITTEK GRANITES LIMITED ANNUAL REPORT FY 2025-26 Email: info@glittek.com Website: https://www.glittek.com/ GLITTEK GRANITES LIMITED ANNUAL REPORT FY 2025-26 INDEX Sr. No. Particulars Page No. 1. Corporate Information 3 2. Letter from Managing Director 6 3. Notice of 36th Annual General Meeting 9 4. Board Report 75 5. Corporate Governance Report 97 6. Management Discussion and Analysis 121 7. Audited Financial Statements 129 Index 2 www.glittek.com CORPORATE INFORMATION Board of Directors, auditors, registrar and registered office GLITTEK GRANITES LIMITED ANNUAL REPORT FY 2025-26 CORPORATE INFORMATION ■ Board of Directors ■ Statutory Auditors Existing, whose term is scheduled to expire in Managing Director the ensuing 36th AGM: Mr. Ashoke Agarwal (DIN: 00050213) M/s. G R V & P K (Resigned w.e.f. June 25, 2026) Chartered Accountants Mr. Tushar Agarwal (DIN: 07484201) Ganpathi Plaza, No. 58, 59th 'A' Cross 4th 'N' (Resigned w.e.f. June 25, 2026) Block, Rajajinagar, Bangalore, Karnataka, 560010, India Mr. Bhargav Girjashankar Thanki (DIN: 00046364) (Appointed w.e.f. June 25, 2026) New Auditors proposed to be appointed in the Executive Non-Independent Directors ensuing 36th AGM: Mr. Maheshkumar Jatashankar Thanki (DIN: M/s. R. R. Tibrewala & Co. 00045946) Chartered Accountants 503, Atlanta Estate, G.M. Link Road, Off Western (Appointed and designated as Whole-time Director Express Highway, Goregaon- East, Mumbai- and Chairperson w.e.f. June 25, 2026) 400063, Maharashtra, India Mr. Bhavin Harihar Thanki (DIN: 00046393) (Appointed as Whole-time Director w.e.f. June 25, ■ Secretarial Auditors 2026) Resigned with effect from August 12, 2026 Non-Executive Independent Directors Ms. Kriti Daga Practising Company Secretary Mr. Siddhartha Agarwal (DIN: 07987858) 4, Ho CHI Minh Sarani, KBR Complex, Flat No. (Resigned w.e.f. June 25, 2026) 3C, Kolkata, 700071, India Mr. Manish Killa (DIN: 01099954) (Resigned w.e.f. June 25, 2026) New Auditors proposed to be appointed in the ensuing 36th AGM: Mrs. Malvika Sureka (DIN: 09481072) (Resigned w.e.f. June 25, 2026) KJB & CO. LLP Practicing Company Secretaries Dr. Deependra Singh (DIN: 03020561) 604, Solaris One, N. S. Phadke Marg, Near East- (Appointed w.e.f. June 25, 2026) West Flyover, Andheri (East), Mumbai – 400 069, Mr. Sunil Kumar Bansal (DIN: 00713868) Maharashtra, India (Appointed w.e.f. June 25, 2026) ■ Registered Office Mrs. Kavita Rakesh Shah (DIN: 02566732) (Appointed w.e.f. June 25, 2026) Honnappa Building, 2nd floor, V.V. Extension, Behind MCM ITI College, Old Madras Road, ■ Key Managerial Personnel Hoskote, Bangalore Rural, Karnataka, 562114, India Chief Financial Officer Mr. Ashok Kumar Modi ■ Corporate Office (Resigned w.e.f. June 25, 2026) 602, Sankalp Square 3A, Near Taj Skyline, Sindhu Mr. Gautam Ashwinkumar Thanki Bhavan Marg, Ahmedabad – 380 059, India (Appointed w.e.f. June 25, 2026) Company Secretary & Compliance Officer Ms. Lata Bagri Corporate Information 4 www.glittek.com LETTER FROM THE MANAGING DIRECTOR On the change in control and the direction of the Company GLITTEK GRANITES LIMITED ANNUAL REPORT FY 2025-26 LETTER FROM THE MANAGING DIRECTOR To the Members of Glittek Granites Limited Dear Shareholders, I write to you for the first time as Managing Director of your Company, and should begin plainly. For several years this Company did very little. Revenue fell away, the factory was sold, and by the close of the year under review operations had all but stopped. Many of you stayed on the register through that period with little reason to. That is the first thing we intend to change. Control passed to us on 25 June 2026, following a share purchase agreement executed in January and an open offer completed under the Takeover Regulations. We now hold 70.59 per cent of the equity. I mention the figure not for its own sake but for what it means: we have bought in with our own money, and our fortunes now move with yours, in the same direction and in the same proportion. We are not financial investors. The Rawmin group has spent close to three-quarters of a century in the ground, mining and processing bauxite, laterite and industrial minerals across Gujarat, Maharashtra and Goa and shipping them worldwide. Three generations of our family have run that business. What we bring here is not a thesis. It is a habit of operating. Why this Company, and why now. The world is rebuilding the way it makes, moves and stores energy, and India means to do that at home. Two things stand between the intention and the capability: storage, and materials. Storage, because renewable generation without it is unreliable by construction. Materials, because the cells, the magnets and the electronics on which the transition depends all begin as minerals, few of which are refined here today. We have spent our working lives at the mineral end of that chain, and intend to move up Subject to your approval at the forthcoming Annual General Meeting, three changes are placed before you: an alteration of the main objects to permit battery energy storage systems, solar photovoltaic cells and modules, and rare earth elements, critical minerals and advanced materials; a change of name to Rawmin Neo Elements Limited, so that the name reflects what the Company will do; and a shift of the registered office to Mumbai, from where the business will be run. Changes to a memorandum do not build anything. The work does. That work is a battery energy storage assembly and integration capability, raised in stages, and a position in advanced materials drawn from what this group already [Showing first 8,000 characters — download PDF for full document]