Notice of the 45th (Forty-Fifth) Annual General Meeting along with the Annual Report for the Financial Year 2025-26

August 28, 2026 To, To, National Stock Exchange of India Limited BSE Limited Manager – Listing Department Manager – Listing Department 5, Exchange Plaza, Bandra-Kurla Complex Floor 25, P. J. Towers, Bandra (East), Dalal Street, Mumbai 400 051 Mumbai 400 001 Symbol: FINPIPE S crip Code: 500940 Sub.: Notice of the 45th (Forty-Fifth) Annual General Meeting along with the Annual Report for the Financial Year 2025-26 Ref.: Regulation 30 & Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the Notice of the 45th (Forty-Fifth) Annual General Meeting (“AGM”) along with the Annual Report for the Financial Year 2025-26 which are being sent to those members, whose email addresses are registered with the Company/Registrar and Share Transfer Agent (“RTA”)/their respective Depository Participants (“DP”), through electronic mode and being made available in physical form, who request for the same. The Schedule of the AGM is as under: Event - 45th (Forty-Fifth) AGM Details Time (IST) Date and Time of AGM Tuesday, September 22, 2026 4:00 p.m. Mode Video Conferencing / Other Audio-Visual Means - Link for participation through video https://emeetings.kfintech.com/ - conferencing & E-voting platform of Kfin (RTA) Cut-off date for E-voting Friday, September 11, 2026 - E-voting start date and time Saturday, September 19, 2026 9.00 a.m. E-voting end date and time Monday, September 21, 2026 5.00 p.m. Record Date for the payment of Final Friday, September 11, 2026 - Dividend Dividend Payment date On/before Wednesday, October 21, 2026 - Please note that the Notice of the 45th (Forty-Fifth) AGM along with Annual Report of the Company for the Financial Year 2025-26, are also available on the website of the Company at www.finolexpipes.com. You are requested to kindly take the above on your records. Thank you, Yours sincerely, For Finolex Industries Limited Dakshinamurthy Iyer Company Secretary & Compliance Officer M. No.: A13004 Encl: As above Annual Report 2025-2026 Just as in the physical body of the embodied being is the process of childhood, youth and old age; similarly by transmigration from one body to another, the wise are never deluded. Bhagavad Gita, Ch. 2.13 I have not gone, just moved on. Each morning we are born again to work hard and live another beautiful journey... Shri Pralhad P. Chhabria (12.03.1930-05.05.2016) FY26 ₹ 4,113 Crore ₹ 580 Crore Highlights Revenue from Operations Profit After Tax (PAT) ₹ 679 Crore EBITDA Contents Corporate Information 02 Message from the Chairman 10 Board of Directors 04 Business Model 12 Company Overview 06 Branding & Corporate Marketing Initiatives 14 Our Presence 08 Overview Corporate Social Responsibility 20 Ten-Year Financial Highlights 09 ESG Initiatives 47 02 Management Discussion Business Responsibility & & Analysis 50 Sustainability Report 78 Statutory Board’s Report 62 Corporate Governance Report 128 Reports 03 Independent Auditor’s Report Independent Auditor’s Report on Standalone Financials 150 on Consolidated Financials 222 Financial Standalone Balance Sheet 162 Consolidated Balance Sheet 232 Statements Statement of Standalone Statement of Consolidated Profit and Loss 163 Profit and Loss 233 Statement of Standalone Statement of Consolidated Cash Flows 164 Cash Flows 234 Statement of Standalone Statement of Consolidated Changes in Equity 166 Changes in Equity 236 Notes to the Standalone Notes to the Consolidated Financial Statements 167 Financial Statements 237 Notice of 45th Annual General Meeting 293 Finolex Industries Limited Annual Report 2025-26 Corporate Information Board of Directors Corporate Social Responsibility Committee Mr. Prakash P. Chhabria Executive Chairman Mrs. Ritu Prakash Chhabria, Chairperson Mrs. Kanchan Chitale Mr. Prakash P. Chhabria Independent Director Mrs. Kanchan Chitale Mr. Vijay Bhatt Mr. Debabrata Sarkar Independent Director Mr. Vijay Bhatt Mr. Debabrata Sarkar Mr. Aditya Sapru Independent Director Mr. Munesh Khanna Mr. Aditya Sapru Mr. Pradeep Udhas Independent Director Mr. Munesh Khanna Independent Director Stakeholders Mr. Pradeep Udhas Relationship Committee Independent Director Mr. Munesh Khanna, Chairman Mrs. Ritu Prakash Chhabria Mr. Prakash P. Chhabria Non-Executive & Non- Mr. Vijay Bhatt Independent Director Mr. Aditya Sapru Mr. Udipt Agarwal Mr. Debabrata Sarkar Managing Director Mrs. Kanchan Chitale Mr. Rambabu Sanka Mr. Pradeep Udhas Director – Technical Key Managerial Personnel Nomination & Remuneration Committee Mr. Chandan Verma Chief Financial Officer Mr. Debabrata Sarkar, Chairman Mr. Dakshinamurthy Iyer Mrs. Kanchan Chitale Company Secretary & Head Legal Mr. Aditya Sapru Mr. Munesh Khanna Mr. Vijay Bhatt Audit Committee Mr. Pradeep Udhas Mr. Vijay Bhatt, Chairman Mrs. Kanchan Chitale Risk Management Committee Mr. Munesh Khanna Mr. Aditya Sapru Mrs. Kanchan Chitale, Chairperson Mr. Debabrata Sarkar Mr. Prakash P. Chhabria Mr. Pradeep Udhas Mr. Vijay Bhatt Mr. Munesh Khanna Mr. Aditya Sapru Mr. Debabrata Sarkar Mr. Pradeep Udhas Corporate Overview Statutory Reports Financial Statements Auditors Corporate Office Statutory Auditors: Walker Chandiok & Co., LLP IndiQube ‘The Kode’ - 11th Floor, S. No. 134, Hissa No. 1/38 Baner Pashan Link Road, Pune - 411 045, Internal Auditor: M. M. Nissim & Co., LLP Maharashtra, India, Tel. No.: 020-27408200 Secretarial Auditors: SVD & Associates, Pune Cost Auditors: S. R. Bhargave & Co., Pune Registrar and Share Transfer Agent Solicitors & Advocates KFIN Technologies Limited Crawford Bayley & Co., Mumbai Unit: Finolex Industries Limited Selenium Building, Tower-B, Plot No 31 and 32, Financial District, Nanakramguda, Bankers Serilingampally, Hyderabad - 500032, Telangana India ICICI Bank Limited Axis Bank Limited WhatsApp: +91 910 009 4099 Kotak Mahindra Bank Limited Toll Free: 1800 309 4001 Citibank N.A. Email ID: einward.ris@kfintech.com HDFC Bank Limited Corporate Registry (RIS) Website Link: https://ris.kfintech.com Hongkong and Shanghai Banking Corporation Limited (HSBC) Investor Support Centre Link: https://kprism.kfintech.com/ KPRISM Mobile Application: Registered Office https://kprism.kfintech.com/signup RTA Search: Gat No. 399, Village Urse, Taluka Maval, https://www.registrarsassociation.com/search District Pune 410 506, Maharashtra, India, Tel. No.: 02114-237251 Scan this code with QR reader app on CIN:L40108PN1981PLC024153 your smartphone or tablet and know Email: investors@finolexind.com more about us. Website: https://www.finolexpipes.com/ Finolex Industries Limited Annual Report 2025-26 Board of Directors Mr. Prakash P. Chhabria M Executive Chairman C M Mr. Debabrata Sarkar Independent Director Mrs. Kanchan Chitale Independent Director M M M M C M M M Mr. Vijay Bhatt Mr. Aditya Sapru Independent Director Independent Director C Chairman Audit Committee Risk Management Committee Stakeholders Nomination & Corporate Social M Member Relationship Committee Remuneration Committee Responsibility Committee Corporate Overview Statutory Reports Financial Statements Mr. Munesh Khanna Mr. Udipt Agarwal Independent Director Managing Director Mr. Rambabu Sanka Director - Technical Mr. Pradeep Udhas Independent Director Mrs. Ritu Prakash Chhabria Non-Executive & Non- Independent Director Finolex Industries Limited Annual Report 2025-26 Company Overview Finolex Industries Limited, a leading player in India’s PVC pipes and fittings market has made significant strides in its production capacity and product portfolio. With an annual production capacity for pipes and fittings now at 5,20,000 metric tons in FY26, up from 4,95,000 metric tons in FY25, we have solidified our position in the industry. Additionally, Finolex maintains a strong backward integration with a robust PVC resin production capacity of 2,72,000 metric tons annually. Our diver [Showing first 8,000 characters — download PDF for full document]