Shareholders meeting

Date: 31-08-2026 To, To, BSE Limited National Stock Exchange of India Limited P. J. Towers, Dalal Street, Exchange Plaza, BandraKurla Complex, Fort, Mumbai 400001 Bandra East, Mumbai – 400051 Sub: Annual Report (F.Y. 2025-26) of the Company, Notice Convening 6th Annual General Meeting & E-Voting Information Dear Sir, Pursuant to applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the 6th Annual General Meeting (‘AGM’) of the Members of the Company will be held on Tuesday, 29th September, 2026 at 11:30 a.m. through Video Conferencing (‘VC’)/ Other Audio Visual Means (‘OAVM’), in compliance with the relevant circulars issued by the Ministry of Corporate Affairs (‘MCA’) and the Securities and Exchange Board of India (‘SEBI’). Further, the Company has fixed Tuesday, 22nd September, 2026 as the cut-off date to ascertain the eligibility of Members entitled to cast their vote electronically on all the resolutions to be passed at the AGM. The Company has engaged the services of National Depository Services Limited (‘NSDL’) to provide the e-Voting facility. The remote e- Voting schedule is as under: Commencement of remote e-Voting Saturday, September 26, 2026 (09:00 am onwards) End of remote e-Voting Monday, September 28, 2026 (upto 05:00 Pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Annual Report (F.Y. 2025-26) along with the Notice convening the 6th AGM of the Company. The said documents are also available on the website of the Company at https://www.boranagroup.in Kindly take the same in record. Thanking You Yours Faithfully For Borana Weaves Limited Ankur Mangilal Borana Executive Director and Chief Executive Officer (DIN: 01091164) INTEGRATED TEXTILE MANUFACTURING WEAVING EXCELLENCE FOR DECADES. An integrated textile platform built on experience, technology, disciplined execution and responsible growth. THE BORANA EDGE INTEGRATED MANUFACTURING Connected capabilities from Fibre to fabric PRECISION-LED EXECUTION Technology, control and dependable quality RESPONSIBLE GROWTH Scale built with disciplined stewardship ANNUAL REPORT NSE: BORANA | BSE: 544404 2025-26 NAVIGATE THE REPORT Across the pages A concise route through the Company, statutory disclosures and audited financial statements. INTEGRATED SCALE TECHNOLOGY | PRECISION | PROGRESS Corporate Overview Statutory Reports 02-09 10-80 Business, process, performance, leadership and AGM Notice, Board’s Report, governance and governance annexures Financial Statements Back Cover 81-129 130 Auditor’s Report and audited standalone statements Registered office and digital access Corporate overview map Company at a glance Integrated manufacturing Legacy and strategic compass 03 04 05 Performance and progress Management team Chairman’s message 06 07 08 Corporate information ABOUT THIS REPORT This Annual Report presents Borana Weaves Limited’s business context, FY 2025-26 performance, operating priorities, governance disclosures and audited standalone financial statements. Forward Looking Statement - Some of the statements made in this Annual Report may be forward looking. Such statements are based on certain assumptions, estimates, projections or plans that are inherently subject to significant risks, uncertainties and contingencies that are liable to change. BORANA WEAVES LIMITED | ANNUAL REPORT 2025-26 CORPORATE OVERVIEW 02 COMPANY AT A GLANCE From fibre to fabric. Under one roof. A technology-led textile manufacturer combining integrated capabilities, operating scale and precise execution. 98% 99% Repeat orders, reflecting enduring Fabric enabled by in-house texturising customer confidence. and twisting. 7x 398M Production-capacity growth between Metres of annual fabric production 2021 and 2026. capability. Borana Weaves Limited is a trusted name in textile manufacturing, providing a seamless journey from Fibre to fabric. As one of India’s leading producers of high-quality microfilament woven fabrics, the Company uses advanced technology and disciplined process controls to deliver uncompromised quality. Its integrated operations span POY-to-PTY texturising, warping, sizing and weaving. Modern high-speed water-jet looms support rapid production, consistent specifications and dependable turnaround, while experienced teams bring craftsmanship and engineering precision to every stage. 1,212 24 04 high-speed water-jet looms texturising machines manufacturing units HANDS-ON QUALITY CONTROL ACROSS HIGH-SPEED TEXTILE OPERATIONS BORANA WEAVES LIMITED | ANNUAL REPORT 2025-26 CORPORATE OVERVIEW 03 INTEGRATED MANUFACTURING Precision through every stage Process integration strengthens quality control, production visibility and customer responsiveness. FROM POLYMER YARN TO HIGH-QUALITY SYNTHETIC AND BLENDED GREIGE FABRIC 1 2 3 4 5 POY Texturising Warping Weaving Greige fabric Raw material Texture and Yarn preparation Water-jet precision Quality-led output performance One fabric. Multiple possibilities. APPAREL HOME TEXTILES TENT FABRICS Soft, comfortable everyday and Durable bedding and furnishing Weather-resistant material performance wear for men and foundations with a premium feel. engineered for demanding women. applications. Specialised bleaching creates a neutral base suited to bed linen and hospital garments, while dyeing, printing and finishing unlock colour, pattern and application diversity. BORANA WEAVES LIMITED | ANNUAL REPORT 2025-26 CORPORATE OVERVIEW 04 Borana Group’s Legacy and Strategic Compass Experience that moves forward A continuous evolution from trading roots to an integrated, technology-led textile platform. MOVING FORWARD OUR GOAL Deliver exceptional value through high-quality textiles, advanced manufacturing technologies and new market opportunities that deepen customer trust. 2026 Efficiency and renewables OUR MISSION 2025 Public market milestone Build on hard work, integrity and quality while advancing manufacturing capability and creating innovative products for evolving markets. 2020-23 Integrated scale 2005-12 OUR VISION Water-jet transformation Lead textile manufacturing through technology, expanded capabilities and sustainable growth, setting a benchmark for efficiency, reliability and excellence. 1983 Manufacturing begins 1975-85 Trading roots ON TRACK FOR LONG-TERM VALUE CREATION Decades of experience. A continuous journey of excellence. The Borana Group’s progress is anchored in deep sector knowledge, purposeful investment and a commitment to build capabilities that remain relevant for the next generation of textile demand. BORANA WEAVES LIMITED | ANNUAL REPORT 2025-26 CORPORATE OVERVIEW 05 PERFORMANCE AND PROGRESS Scale with disciplined returns FY 2025-26 reflects growth, stronger profitability and continued investment in operating resilience. Rs. 388.59 Cr Rs. 396.81 Cr Rs. 78.40 Cr Rs. 64.61 Cr Revenue from operations Total revenue Profit before tax Profit after tax 23.03% 0.25x 4.33x 6.42x Return on net worth Debt-equity ratio Current ratio Interest coverage CAPACITY-LED GROWTH UNIT 4 EXPANSION +192 LOOMS | +3 TEXTURISERS Targeted commercial production: December 2026 MODERN INFRASTRUCTURE. DISCIPLINED EXECUTION. BRICKWORK RATINGS BWR BBB BBB STABLE OUTLOOK LONG TERM Assigned to the Company’s long-term bank facilities, reflecting a balanced operating and financial profile. BORANA WEAVES LIMITED | ANNUAL REPORT 2025-26 CORPORATE OVERVIEW 06 CORE MANAGEMENT TEAM Founder-led. Experience-driven. Leadership continuity combines deep textile knowledge with hands-on responsibility across finance, operations and growth. RAJKUMAR M. BORANA | MANGILAL A. BORANA | ANKUR M. BORANA 51+ YEARS 25+ YEARS 25+ YEARS Mangilal Ambalal Borana Rajkumar Mangilal Borana Ankur Mangilal Borana Chairman & Managing Director Executive Director & CFO Executive Director & CEO A textile industry veteran who Leads the commercial and finance Overs [Showing first 8,000 characters — download PDF for full document]