Annual Report FY 2025-26 is attached

August 29, 2026 BSE Limited N a t i o nal Stock Exchange of India Limited Corporate Relationship Department. E x c hange Plaza, Plot No. C/1, G-Block PJ Towers, 25th Floor, B a n d r a K urla Complex, Dalal Street, Mumbai- 400 001 B a n d ra (East), Mumbai- 400 051. BSE Scrip Code No. 543687 N S E S y m b o l : - D HARMAJ Dear Sir/Madam, Sub: Intimation regarding the Integrated Annual Report for FY 2025-26 Ref: - Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’) This is in furtherance to our letter dated August 20, 2026, wherein the Company had informed that the 12th Annual General Meeting (“AGM”) of the Company is scheduled to be held on Thursday, September 24, 2026 at 11:30 a.m. (IST) through Video Conferencing (“VC”) facility / Other Audio- Visual Means (“OAVM”). Pursuant to Regulation 34(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), please find enclosed the Integrated Annual Report of the Company for the Financial Year 2025-26, along with the Notice of the 12th AGM and other Statutory Reports. The same is being sent through electronic mode to those Members whose e-mail addresses are registered with the Company / Registrar and Transfer Agent / Depositories / Depository Participants, as applicable. The Integrated Annual Report 2025-26 is also available on the website of the Company at https://www.dharmajcrop.com/investor/annual-reports/ . This is for your information and records. Thanking you, For, Dharmaj Crop Guard Limited Malvika Bhadreshbhai Kapasi Company Secretary & Compliance Officer ACS52602 Dharmaj Crop Guard Limited Annual Report 2025-26 Momentum with Discipline Momentum Dharmaj worked through that season the way farmers work through theirs, steadily Table of contents and without pause. Every business vertical with discipline advanced: Formulations held its ground through an uneven Kharif and a subdued Rabi, Strategic Review Active Ingredients scaled with purpose in only its second full year of operations, and exports Letter to Shareholders 02 found their way back to strong growth. That Every farmer knows a simple truth: seasons are Corporate Profile 04 was the momentum of FY26, progress that did given, but preparation is chosen. FY26 gave the not wait for the industry to turn conducive. Our Journey 06 agrochemicals industry a season that demanded Key Performance Indicators 08 Discipline gave that momentum its direction. Business Verticals 10 plenty of the latter, with a monsoon that arrived It showed in our Saykha facility, which ran Branded Formulations Vertical 12 early only to turn erratic later, and a Rabi season ahead of its own utilisation targets in FY26, Institutional Formulations Vertical 16 in which demand stayed quiet, coupled with in a product mix built around molecules our Active Ingredients Vertical 20 Technicals prices that remained muted for most of formulations business consumes, in working capital watched closely and leverage held Operational Excellence in Formulations 24 the year before the West Asia crisis unsettled input comfortably. And in March, when the West Geographical Footprint 28 markets in the closing months. Asia crisis began impacting supply chains, Strategic Priorities 30 management moved early and secured Environmental Responsibility 32 supplies for the season ahead. Social Responsibility 34 That discipline was rewarded in a year when Board of Directors 36 the market offered no tailwind: our Active Management Team 38 Ingredients unit crossed profitability break- Management Discussion even, as committed at the start of FY26, and Analysis 40 delivered through better utilisation and sharper product choices. Milestones earned in lean seasons tend to last well during good ones. Our path continues. Statutory Reports FY26 also brought our first decade to a close. and with it, so does Corporate Information 53 The company that began in 2015 with a single Board’s Report 2025-26 54 formulations’ unit ended the decade with a our belief in delivering Corporate Governance Report 77 presence across the agrochemical value chain, trusted by farmers and institutions alike. And Limitless Growth. before the first decade was finished, the seeds Financial Statements of the second were already in the ground: Independent Auditor’s Report 105 Most recently, Rohit Sharma joined as our brand ambassador to make Dharmaj a pan- Standalone Financial Statements 117 India brand, and work began on a dedicated Independent Auditor’s Report 173 Herbicides Formulations unit at Kerala GIDC, to Consolidated Financial Statements 180 build for the next phase of formulations growth. A robust company ends one season already preparing for the next, and we enter FY27 the same For more information: way: supplies secured, capabilities www.dharmajcrop.com deeper, the export registration pipeline widening, and every vertical set up to grow to new Forward Looking Statement This document contains statements about expected future events, heights. The seasons ahead will financial and operating results of Dharmaj Crop Guard Limited (“Dharmaj” or “the Company”), which are forward-looking. By bring their own tests. Our answer their nature, forward-looking statements require the Company will stay the same, momentum with to make assumptions and are subject to inherent risks and uncertainties. There is a significant risk that the assumptions, discipline, in pursuit of growth that predictions, and other forward-looking statements will not prove remains, as ever, limitless. to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause assumptions, actual future results, and events to differ materially from those expressed in the forward-looking statements. Accordingly, this document is subject to the disclaimer and qualified in its entirety by the assumptions, qualifications, and risk factors referred to in the Management Discussion and Analysis chapter of the Company’s Annual Report. 02 Dharmaj Crop Guard Limited • Annual Report 2025-26 Strategic Review Statutory Reports Financial Statements 03 LETTER TO SHAREHOLDERS Momentum How Each Vertical Profitability and the unit. Once commissioned, this unit will simultaneously release capacity earned, discipline Performed Balance Sheet at the existing facility, which will be repurposed for insecticides and Domestic Institutional Formulations, In a dynamic year, full-year EBITDA fungicides to improve throughput in our largest vertical and mainstay since margins improved to 9% from 8%, and the peak Kharif season. inception, grew 15% to H5,832 millions PAT margins to 5% from 4%. Return maintained on consistent performance through the ratios also improved meaningfully, with Outlook year. Branded Formulations grew 3% ROCE increasing to 18% and ROE to to H1,979 millions, bearing the brunt of 12%, reflecting initial returns from our We enter FY27 with a positive outlook the seasonal disruption: our strongest recent investment cycle. and a clear plan, expecting overall western markets, led by Gujarat In March 2026, with input availability topline growth in line with our FY26 Highlights with parts of Madhya Pradesh and and pricing uncertain, management performance, with positive contribution Rajasthan, saw the sharpest impact from took a considered call to build from every vertical. In Branded 20% the August-September rains and the additional raw material inventories to Formulations, a normal monsoon subdued Rabi. The four southern states insulate the upcoming Kharif season to should support growth, backed by the Top Line Growth in FY26 entered in 2024 stayed firmly on course, an extent. As a result, closing inventory preparations made in team, portfolio, increasing their contribution to our Brand rose to H2,074 millions from H1,385 and brand visibility. At Saykha, we Formulations sale [Showing first 8,000 characters — download PDF for full document]