32nd Annual Report of the Financial Year 2025-26

AGARWAL INDUSTRIAL. cORPORATIONLTD. Petrochemicals ( Manufactures & Traders of Bitumen & Bituminous Products) IL ogistics for Bitumen & LPG I Wind Milis. CIN L99999MH1995PLC084618 AGARWAL GROUP August 29, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department "Exchange Plaza' C-1, Block G, P.J. Towers, Dalal Street, Bandra KurlaC omplex, Bandra (E), Mumbai -400 001 Mumbai -400 051 Scrip Code -531921 Symbol: AGARIND; Series: EQ Sub: Submission of Annual Report for the F.Y. 2025-26 pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir/Madam, In compliance with the Companies Act 2013, ( Act) rules framed thereunder and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (Listing Regulations) as amended from time to time, Please find enclosed the Annual Report and Notice of Annual General Meeting for the financial Ycar 2025-26, which is being sent to the Shareholders through electronic mode whose e-mail addresses are registered with the Company/Depository Participant(s) (DPs'). Further, in accordance with Regulation 36(1)Xb) of the Listing Regulations, the Company will be sending a letter to Shareholders whose e-mail addresses are not registered with Company/DPs providing the web link from where the Annual Report can be accessed on the Company's website. Information at glance: Particulars Details Thursday, September 24, 2026 Time and date of AGM Video conference and other audio-visual means Mode September 17, 2026 Dividend record date On or before October 23, 2026 Dividend payment date September 17, 2026 Record date for e-voting September, 21, 2026 at 9.00 A.M. E-voting start time and date September, 23, 2026 at 5.00 P.M. E-voting end time and date E-voting website of NSDL https://www.evoting.nsdl.com The Annual Report containing the Notice of the 32nd Annual General Meeting is also uploaded on the Company's website www.aicltd,in This is for your kind information and records. Thanking You, For Agarwal Induştrial Corporation Limited ustria Yashee Agrawal Company Secretary Encl: a/a AQARWALGROUP 9 Eastern Court, Unit No. 201/202, Plot No. 12, S.T. Road, Chembur, Mumbai -400 071. www.aicltd.in | contact@aicltd.In | (+91-22-25291149/50 | +91-22-25291147 INSIDE THIS REPORT Page No. Corporate Overview Corporate Information 4 Our Pillars Of Strength 5 Statutory Statement Notice Of Annual General Meeting 6 Directors’ Report 22 Report on Corporate Governance 39 Management Discussion And Analysis 55 Business Responsibility & Sustainability Reporting Standalone Financial Statements Independent Auditor’s Report 101 Balance Sheet 111 Statement of Profit and Loss 112 Cash Flow Statement 113 Notes to the Financial Statements 116 Consolidated Financial Statements Independent Auditor’s Report 167 Balance Sheet 174 Statement of Profit and Loss 175 Cash Flow Statement 176 Notes to the Financial Statements 179 CORPORATE INFORMATION THIRTY-SECOND ANNUAL REPORT F.Y. 2025-2026 BOARD OF Mr. Jaiprakash Agarwal Mr. Suresh Nair DIRECTORS Managing Director Independent Director ( w.e.f 28.08.2023) Mr. Ramchandra Agarwal Mr. Mahendra Pimpale Whole Time Director Independent Director ( w.e.f 28.08.2023) Mr. Mahendra Agarwal Mr. Balraj Subramaniam Non Independent, Non-Executive Director Independent Director ( w.e.f 31.07.2024) Mr. Lalit Agarwal Ms. Khushboo Lalji Whole Time Director Independent Woman Director ( w.e.f 28.08.2023) KEY MANAGERIAL Mr. Vipin Agarwal Ms. Yashee Agrawal PERSONNEL Chief Financial Officer Company Secretary AUDITORS M/s. Singhal Sanklecha & Co LLP Chartered Accountants, Mumbai – 400 093 (up to the conclusion of the ensuing 35th Annual General Meeting) REGISTERED OFFICE Eastern Court, Unit No. 201-202, Plot No. 12, V. N. Purav Marg, S.T. Road, Chembur, Mumbai – 400071 Phone Nos: +91-22-5291149/50 Fax: +91-22-25291147 Website: www.aicltd.in E-mail: contact@aicltd.in REGISTRARS & SHARE MUFG Intime India Private Limited TRANSFER AGENTS C 101, 247 Park, LBS Road, Vikhroli West, Mumbai – 400083 Tel Nos. : +91 22 4918 6000 Fax No. : 2365 Contact Person: Mr. Ram J Jaiswar BSE SCRIP ID AND CODE ID –AGARIND Code – 53192 NSE SCRIP ID AND CODE Scrip ID and Code: Symbol – AGARIND Series – EQ Taloja - Plot No. 36 -37, New Chemical Zone,Near PCI, MIDC, Taloja, Dist. Raigad, Maharashtra Baroda - Plot No. 49, Ranoli Industrial Area, GDIC, Ranoli, Vadodra, Gujarat. PLANTS Belgaum - Plot No. 40, KIADB, Honga Industrial Area, Honga, Belgaum, Karnataka Hyderabad - Survey No. 196/P, Elikatta Village, Shad Nagar- Pargi Road, Farooq Nagar Mandal, Telangana– 509216 *Cochin - Building No. II 1,2,3, Ambalamugal P.O. Ernakulam KL 682302 (Wholly Owned Subsidiary) Guwahati – Village Sotsil and Borsil, Rangia Revenue Circle, Kamrup – 781354 Rajasthan - Pachpadara BULK BITUMEN IMPORT & Karwar (Karnataka) , Haldia Port , Dighi Port , Hazira Port (Gujarat), Mangalore (Karnataka), STORAGE FACILITIES Mumbai (Maharashtra) WORKSHOP Shahapur, Asangaon (Maharashtra) BANKERS Kotak Mahindra Bank Axis Bank Limited IDFC First Bank Ltd HDFC Bank Ltd RBL Bank Limited Union Bank Of India WHOLLY OWNED Bituminex Cochin Private Limited SUBSIDIARIES AICL Overseas – FZ LLC Agarwal Translink Private Limited AICL Finance Private Limited Konkan Storage System (Karwar) Private Limited ASSOCIATES COMPANY RKCIPL Karmala Tembhurni Highways Private Limited 4 Annual Report 2025-26 CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS OUR PILLARS OF STRENGTH Shri Jaiprakash Agarwal Shri Ramchandra Agarwal Managing Director (Executive, Whole Time Director (Executive, Non Independent Director) Non Independent Director) Shri Mahendra Agarwal Shri Lalit Agarwal Director (Non Executive, Whole Time Director (Executive, Non Independent Director) Non Independent Director) Vipin Agarwal Annual Report 2025-26 5 Agarwal Industrial Corporation Limited AGARWAL INDUSTRIAL CORPORATION LIMITED (CIN: L99999MH1995PLC084618) Registered Office: Eastern Court, Unit No. 201 -202, Plot No. 12, V. N. Purav Marg, S. T. Road, Chembur, Mumbai 400 071 Tel. Nos: +91-22-25291149/50; Fax No.: +91-22-25291147: Website: www.aicltd.in; E-mail: contact@aicltd.in NOTICE OF THE 32nd ANNUAL GENERAL MEETING Notice is hereby given that the Thirty-Second Annual General Meeting of the Members of Agarwal Industrial Corporation Limited would be held on Thursday, September 24, 2026 at 12.00 Noon through Video Conferencing to transact the following business: ORDINARY BUSINESS: delegate such authority, as may be deemed necessary, proper or expedient to give effect to this 1. To receive, consider and adopt: resolution and for the matters connected herewith or (a) the Audited Standalone Financial Statements of incidental hereto as deemed fit and proper.” the Company for the Financial Year ended March 5. Omnibus Approval for Related Party Transactions 31, 2026 along with the Reports of the Board of for Financial Year 2026-27: Directors and Independent Auditors thereon: and To consider and, if thought fit to pass, with or without (b) the Audited Consolidated Financial Statements modification(s), the following Resolution as a Special of the Company for the Financial Year ended Resolution: March 31, 2026 along with the Report of the Independent Auditors thereon. “RESOLVED THAT pursuant to Section 188 of the Companies Act, 2013 and other applicable provisions 2. To declare Dividend of Rs. 3.30 (Rupees Three and of the Companies Act, 2013 and the rules made Thirty Paisa only) per Equity Share of Rs. 10/- (Rupee thereunder, as amended (including any statutory Ten only) each fully paid up for the financial year modification(s) or re-enactment thereof for the time 2025-26. being in force), and as per the SEBI (Listing Obligations 3. To appoint a Director in place of Mr. Jaiprakash and Disclosure Requirements) Regulations, 2015, as Agarwal (DIN: 01379868) who retires by rotation, amended, consent of members is hereby accorded and being eligible, offers [Showing first 8,000 characters — download PDF for full document]