BSEOthers28 Aug 2026 · 28 Aug 2026, 08:06 pm
Submission of Integrated Annual Report of the Company for the financial year 2025-2026.
Indo Farm Equipment Ltd · 544328
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Indo Farm Equipment Ltd submitted its Integrated Annual Report for the financial year 2025-2026, as per SEBI regulations.
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Earnings Impact5/10
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Full Announcement
Indo Farm Equipment Ltd - 544328 - Reg. 34 (1) Annual Report.
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August 28, 2026
To, To,
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor
Dalal Street, Mumbai – 400001 Plot No. C/1, “G” Block
BSE Symbol: INDOFARM Bandra-Kurla Complex
BSE Scrip Code: 544328 Bandra (E), Mumbai – 400 051
NSE Symbol: INDOFARM
Dear Sir/Madam,
Subject: Submission of Integrated Annual Report of the Company for the financial year 2025-
2026.
Pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“Listing Regulations”), as amended from time to time, please find enclosed the
26th Integrated Annual Report of the Company for the Financial Year ended 31st March, 2026
comprising of the Notice of the AGM, Financial Statements (Standalone & Consolidated) along
with Directors’ Report, Independent Auditors’ Report and other documents required to be
attached thereto, which is being sent through an email to those members of the Company whose
email addresses are registered with the Company /Company’s Registrar and Share Transfer
Agent (RTA) / Depository Participant(s).
In compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as amended, a letter is also being sent to members whose email
addresses are not registered, providing the web-link to access the Annual Report for FY 2025-26.
The Integrated Annual Report for the financial year 2025-26 is also being uploaded on the
Company's Indo-Farm-Integrated Annual Report-FY 2025-26.
You are requested to kindly take the above information on record.
Thanking you,
Yours faithfully,
For Indo Farm Equipment Limited
Navpreet Kaur
Company Secretary & Compliance Officer
Membership No. F8353
Encl: As above
ANNUAL
REPORT
2025-26
From the Field to
the Foundation
Corporate Overview Statutory Report Financial Statements
Table of Content Corporate Information
Board of Directors Board Committees
01 Corporate overview
Mr Ranbir Singh Khadwalia Audit Committee Corporate Social Responsibility
From the Fields to the Foundation 4 Chairman and Managing Director Mr. Brij Kishore Mahindroo Committee
Chairman Mr. Ranbir Singh Khadwalia
About this Report 6
Mr Anshul Khadwalia Chairman
Whole-Time Director Mr. Ranbir Singh Khadwalia
About the Company 8
Member Mr. Brij Kishore Mahindroo
Our Journey 10 Mr Amit Kumar Member
Whole-Time Director Ms. Arshdeep Kaur
Key highlights 12 Member Mr. Anshul Khadwalia
Mr Brij Kishore Mahindroo Member
Message from Chairman & MD 14 Non-Executive Independent Ms. Babita Dosajh
Director Member Risk Management Committee
Board of Directors 18
Mr. Ranbir Singh Khadwalia
Ms Arshdeep Kaur Stakeholders Relationship Chairman
Value Creation Model 20
Non-Executive Independent Committee
Director Mr. Brij Kishore Mahindroo Mr. Brij Kishore Mahindroo
The Indo Farm Value Chain 22
Chairman Member
Ms Babita Dosajh
Manufacturing Competencies 24
Non-Executive Independent Mr. Ranbir Singh Khadwalia Mr. Anshul Khadwalia
Business Review: Agri Machinery 28 Director Member Member
Business review: Construction Equipment 34 Key managerial personnel Mr. Anshul Khadwalia
Chief Financial Officer: Mr Varun Member
Building Capacity for the Next Phase of Growth 38
Sharma
Nomination and Remuneration
Business review: Financing 41
Company Secretary and Committee
Expanding Horizons 42 Compliance Officer: Ms Navpreet Mr. Brij Kishore Mahindroo
Kaur Chairman
Strategic priorities 44
Ms. Arshdeep Kaur
The Investment case 45 Member
Financial review 46 Registered office and plant Ms. Babita Dosajh
Member
Registered office:
Corporate Social Responsibility 48
SCO 859, NAC Manimajra, Kalka
Management Discussion & Analysis 50 Road, Chandigarh 160101.
Manufacturing plant: Auditors and Bankers Share Registrar/
02 Statutory reports Export Promotion Industrial Park, Transfer Agent
Statutory auditors:
Phase-II, Baddi, Dist. Solan,
M/s Deepak Jindal & Co., Registrar and share transfer
Notice 66 Himachal Pradesh 173205.
Chartered Accountants, agent:
Chandigarh M/s Mas Services Limited,
Directors Report 76 Upcoming Crane Manufacturing
Okhla Industrial Area, Phase-
plant:
Corporate Governance report 102 Industrial Area, Malku Majra, near Secretarial auditor: II, New Delhi. SEBI registration
M/s A. Arora & Co., Company INR000000049
Bhud, Tehsil Baddi, Dist. Solan,
Secretaries, Chandigarh
Himachal Pradesh.
03 Financial Reports
Bankers:
Website: www.indofarm.in
Canara Bank and Punjab National
Standalone Financial Statements 139 CIN: L29219CH1994PLC015132
Bank
Listed on: BSE Limited and the
Consolidated Financial Statements 204 National Stock Exchange of India
Limited.
Corporate Overview Statutory Report Financial Statements
The Company’s pick-and-carry cranes emerged as a natural extension of its manufacturing
From the Field strengths, combining robust design, operational efficiency and dependable performance to
serve construction sites, industrial facilities and logistics operations across the country. Over the
years, this business has evolved into a significant growth pillar, reinforcing Indo Farm’s position
to the Foundation as a diversified equipment manufacturer while leveraging the same integrated manufacturing
capabilities and engineering expertise that have defined its success.
Today, the journey is progressing even further.
Every enduring journey is defined not only by where it begins, but by the vision that shapes where it India’s urban landscape is transforming at an unprecedented pace. Affordable housing, metro
goes. rail projects, commercial developments, industrial parks and the vertical expansion of Tier I
and Tier II cities are creating demand for advanced lifting solutions capable of supporting the
country’s next generation of infrastructure. Responding to this structural opportunity, Indo Farm
For Indo Farm, that journey began in the fields, where decades of engineering excellence, manufacturing
is expanding its construction equipment portfolio with tower cranes, marking a strategic step
precision and customer trust established the Company as a dependable partner in India’s agricultural
into one of the fastest-growing segments of the infrastructure ecosystem.
progress. Every tractor produced reflected a commitment to reliability, durability and performance,
creating a legacy built on understanding the needs of those who cultivate the nation’s growth.
“The pick and carry cranes were our entry. The tower crane is our statement.”
More importantly, the field became the foundation of Indo Farm’s engineering philosophy. Years of
Supported by enhanced manufacturing capabilities at the upcoming Bhud Facility, Pick & Carry
manufacturing expertise and continuous innovation created a strong industrial backbone, one that
Cranes & Tower Cranes represent more than a product addition. They symbolize the Company’s
would eventually find applications far beyond agriculture.
evolution from manufacturing equipment that supports productivity to engineering solutions
that shape skylines. Together with its established pick-and-carry crane portfolio, they create a
“The field did not just produce crops. It produced an engineer.”
comprehensive offering designed to participate across diverse construction and infrastructure
applications while strengthening Indo Farm’s long-term growth platform.
As India entered a new phase of economic development, the same engineering excellence that
powered farms found a larger purpose in building the nation’s infrastructure.
Today, Indo Farm stands at the intersection of two of India’s most important development
stories. Its tractor business continues to serve as the trusted foundation that established its
“India is building. So are we.” manufacturing excellence, while its pick-and-carry cranes and emerging tower crane portfolio
position the Company to participate in the nation’s accelerating infrastructure and urbanisation
journey.
“From the Bharat that farms to the Bharat that builds - Indo Farm has always
been in both.”
Corporate Overview Statutory Repo
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