Annual Report of FY 2025-26 and AGM Notice 2026.

Ref: KVL/SEC/2026-27/37 Date: 31st August, 2026 To, To, The Manager- Listing The Manager- Listing National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (E), Mumbai-400 051 Dalal Street, Mumbai- 400 001 NSE Symbol: KAMOPAINTS B S E S c rip Code: 543747 Subject: Submission of the Annual Report for the financial year 2025-26 along with Notice of 7th Annual General Meeting of Kamdhenu Ventures Limited. Dear Sir/ Madam, In furtherance to our earlier letter dated 20th August, 2026 and in compliance with the Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Annual Report of the Company for the financial year 2025- 26 along with the Notice of the 7th Annual General Meeting of the Company scheduled to be held on Friday, 25th September, 2026 at 3:30 P.M. (IST) through Video Conferencing/ Other Audio-Visual Means. The Annual Report of the Company is available on the website of the Company at www.kamdhenupaints.com and can be downloaded from the below link: https://kamdhenupaints.com/pdf/annual-report-2025-2026.pdf We request you to kindly take the same on records. Thanking you, Yours faithfully, For Kamdhenu Ventures Limited Ankit Company Secretary & Compliance Officer Membership No. – ACS 51774 Encl.: as above. Kamdhenu Ventures Limited Annual Report 2025-26 Kamdhenu Ventures Limited Annual Report 2025-26 KAMDHENU VENTURES LIMITED CIN: L51909HR2019PLC089207 Regd. Office: 2nd Floor, Building No. 9, Tower A, DLF Cyber City, Phase - III, Gurugram - 122002, Haryana Ph.: 0124-4604500 (30 lines) Email: cs@kamdhenupaints.com Website: www.kamdhenupaints.com What's Inside Corporate Overview 2-37 Who We Are How We Create Value Structure behind the Brand 6 Chairman's Message 30 About Kamdhenu Paints 8 MD’s Message 32 FY 2025-26 Key Highlights 10 Financial Highlights 34 Governance 36 Corporate Information 37 How We Grow Product Portfolio 14 Presence 20 Branding 22 Chairman’s MD’s Message Message Pg. 30 Pg. 32 Statutory Reports 38-120 Scan the QR code or click on the link below to access investor-related information https://www.kamdhenupaints.com/ Management Discussion and Analysis 38 Directors’ Report 48 Corporate Governance Report 90 Financial Statements 121-211 Standalone Auditor’s Report 121 Standalone Financial Statements 130 Consolidated Auditor’s Report 159 Consolidated Financial Statements 166 Disclaimer This document contains statements relating to future business developments, performance expectations and financial Product outcomes of Kamdhenu Ventures Limited (‘KVL’), including those pertaining to its wholly owned subsidiary, Kamdhenu Colour and Portfolio Coatings Limited (‘The Company’), which operates the paints business under the Kamdhenu Paints brand. Pg. 14 By their nature, forward-looking statements require the Company to make assumptions and are subject to inherent risks and uncertainties. There is a significant risk that the assumptions, predictions and other forward-looking statements may not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements as several 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 section of this Annual Report. Every vibrant shade begins brand visibility, and deepening with an unseen foundation. engagement with dealers and In the same way, enduring painters, alongside advancing the business success is built through premiumization of our product deliberate investments in portfolio. In parallel, investments capabilities, relationships and in distribution infrastructure, market presence, made long market development initiatives and before outcomes come into view. operational capabilities reinforced Guided by this belief, Kamdhenu the business’s ability to serve Paints devoted FY 2025-26 to evolving customer aspirations strengthening the building across India. At the same time, blocks that will support prudent capital allocation and its future growth journey. a stronger financial position enhanced our flexibility to pursue Kamdhenu Ventures Limited future opportunities. (KVL) is the holding company, while the paints business is The theme, ‘Investing in Growth. carried out entirely through Building Value.’, reflects our clear its wholly owned subsidiary, strategic intent. We continue to Kamdhenu Colour and Coatings invest in the core drivers that Limited (KCCL). Accordingly, create sustainable competitive the business developments advantage, steadily transforming and operational initiatives today’s efforts into long-term presented in this Annual Report stakeholder value. As Kamdhenu primarily reflect the performance Paints moves forward, it remains and progress of KCCL, which focused on building a stronger represents the Group’s principal platform for growth, guided operating business. by discipline, resilience and an unwavering commitment to This year, we focused on creating lasting value. expanding reach, enhancing Section 1 We Are Structure behind the Brand About Kamdhenu Paints FY 2025-26 Key Highlights Structure behind the Brand Shaping Direction. Enabling Growth. Long-term success requires the right balance of direction and execution. Through a clearly defined structure, the business combines strategic stewardship with operational capabilities. Together, these foundations enable growth, resilience and lasting stakeholder value. Guiding the Business. Coatings Limited (KCCL), a wholly to strengthen its presence in the owned subsidiary of KVL. KCCL decorative paints market. Powering the Brand. oversees all operational activities, Together, KVL, KCCL and the Kamdhenu Ventures Limited (KVL) including manufacturing, product Kamdhenu Paints form an is the holding company of the development, distribution, brand integrated ecosystem. KVL provides Kamdhenu Paints (‘The Brand’) building and market execution. strategic oversight, KCCL drives business. As the listed entity, At the center of this ecosystem is execution and the Brand builds it provides strategic direction, Kamdhenu Paints, connecting with customer trust, creating a platform governance oversight and capital customers across India. Through for sustainable growth and long- support, creating a strong a growing product portfolio, term value creation. foundation for long-term growth. expanding distribution network The paints business is operated and strong dealer and painter through Kamdhenu Colour and relationships, the Brand continues 6 Kamdhenu Ventures Limited Corporate Overview Statutory Reports Financial Statements 02-37 38-120 121-211 How Value Flows through Our Ecosystem Kamdhenu Ventures Limited Strategic Holding Company Owns 100% Kamdhenu Colour and Coatings Limited Operating Paints Company Operates Kamdhenu Paints Consumer Brand Creates value for Customers Dealers Painters Employees Communities Shareholders Annual Report 2025-26 7 About Kamdhenu Paints Coloring Spaces. Enriching Lives. Established in 2008, Kamdhenu Paints has emerged as a recognized name in India’s decorative paints industry. Operated by Kamdhenu Colour and Coatings Limited, a wholly owned subsidiary of Kamdhenu Ventures Limited, the Brand continues to deliver innovative and reliable solutions. With a commitment to excellence, we aim to create lasting value through our diverse product portfolio. 8 Kamdhenu Ventures Limited Corporate Overview Statutory Reports Financial Statements 02-37 38-120 121-211 We offer a comprehensive portfolio that spans interior strengthening the trust associated with the Kamdhenu and exterior emulsions, primers, wood finishes, textured Paints brand. and designer coatings, and construction chemi [Showing first 8,000 characters — download PDF for full document]