Annual Report 2025-26 and AGM Notice 2026.

KL/SEC/2026-27/38 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: KAMDHENU B S E Scrip Code: 532741 Subject: Submission of the Annual Report for the financial year 2025-26 along with Notice of 32nd Annual General Meeting of Kamdhenu 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 32nd Annual General Meeting of the Company scheduled to be held on Friday, 25th September, 2026 at 12:00 Noon (IST) through Video Conferencing/ Other Audio Visual Means. The Annual Report of the Company is also available on the website of the Company at: https://www.kamdhenulimited.com/pdf/annual-reports/The-Annual-Report-(2025- 2026).pdf We request you to kindly take the same on records. Thanking you, Yours faithfully, For Kamdhenu Limited Khem Chand, Company Secretary & Compliance Officer FCS: 10065 Encl.: as above. KAMDHENU LIMITED ANNUAL REPORT 2025-26 .TSURT REGNORTS .ECNAMROFREP DEREWOP KAMDHENU LIMITED CIN: L27101HR1994PLC092205 Regd. Office: 2nd Floor, Building No. 9, Tower-A, DLF Cyber City, Phase - III, Gurugram - 122002, Haryana Ph.: 0124-4604500 (30 lines) Email: cs@kamdhenulimited.com Website: www.kamdhenulimited.com Kamdhenu Limited Annual Report 2025-26 ACROSS THE PAGES 01-36 37-170 Corporate Overview Statutory Reports 01 Performance Dashboard 37 Management Discussion and Analysis 02 FY 2025-26 at a Glance 53 Directors’ Report 94 Business Responsibility and Sustainability Report 04 About Kamdhenu Limited 136 Corporate Governance Report 08 Our Journey 10 Chairman and Managing Director’s Message 171-239 12 Chief Financial Officer’s Message 14 Financial Performance Financial Statements 16 Building India’s Branded Steel Market 171 Statutory Auditor’s Report 18 The Brand-led Business Model 182 Financial Statements 20 A Nationwide Brand Ecosystem 22 Brands that Build India Explore Our Investor Zone Or, scan the QR code 28 Creating Brand Preference For Annual Reports, financial results, investor presentations 30 Growing with Communities (CSR) and other disclosures, please 32 Recognition and Awards visit: https://www.kamdhenulimited. 34 Governance com/investor/annual-report 36 Corporate Information Investor Information ` 1,013 Crores *as of 29th July, 2026 Market Cap : (Date of Meeting) CIN : L27101HR1994PLC092205 BSE Code : 532741 NSE Symbol : KAMDHENU ISIN : INE390H01012 Dividend Declared : 40% on face value AGM Date : 25th September, 2026 AGM Venue/Mode : Video Conference (VC)/Other Audio- Visual Means (OAVM) This document contains statements about expected future events and financials of Kamdhenu Limited (‘The Company’), which are ‘forward-looking’. 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. STRONGER TRUST. POWERED BY PERFORMANCE. Every enduring brand is built on trust. It is earned Our asset-light, franchise-led business model through consistent performance, strengthened through transforms this trust into sustainable growth. meaningful relationships, and sustained by the ability to Supported by technical expertise, product deliver on every promise. innovation, and strong brand stewardship, we have built a nationwide manufacturing ecosystem. At Kamdhenu Limited, this belief has shaped our It delivers consistent quality while remaining journey for over three decades. From a manufacturing- responsive to the markets we serve. Every product driven company, we have evolved into one of India’s carrying the Kamdhenu name reflects the same leading branded steel businesses and a brand-building promise of quality and confidence, regardless of company at our core. We create preference for the where it is manufactured. Kamdhenu name through sustained investment in brand promotion, consumer awareness, channel engagement Stronger Trust. Powered by Performance. captures and consistent product quality. This approach has the essence of our journey. Every milestone enabled us to build strong brand equity and earn the strengthens our brand. Every partnership expands confidence of customers, franchise partners, dealers, our reach. Every achievement reinforces the trust we distributors and communities. have earned over the years. It creates enduring value for our stakeholders and for every structure built with the Kamdhenu name. FY 2025-26 at a Glance ENHANCING PERFORMANCE. DRIVING GROWTH. Trust remains the foundation of Kamdhenu’s journey. During FY 2025-26, we strengthened that foundation through consistent business growth, a larger franchise network, and broader market reach under strict financial discipline. These outcomes elevated our brand while creating sustainable value for our stakeholders. BRAND PERFORMANCE 23,000 39.1 37.9 ~` Crores Lakh MT Lakh MT Brand Sales Turnover Total Volume Sold Franchise Volume 174.5 22.9% ` Crores Royalty Income Royalty Contribution to Revenue FINANCIAL PERFORMANCE 763.4 105.5 78.4 ` Crores ` Crores ` Crores Revenue from Operations Profit Before Tax (PBT) Profit After Tax (PAT) 13.8% 26% PBT Margin ROCE Zero 22% Debt ROE 2 Annual Report 2025-26 Corporate Overview Statutory Reports Financial Statements OUR ECOSYSTEM 100+ 12,500+ 500+ Franchise Manufacturing Units Dealers Distributors 52.5 1,20,000 Lakh MT p.a. MT p.a. Annual Franchise Manufacturing Capacity In-House Manufacturing Capacity Kamdhenu Limited 3 About Kamdhenu Limited POWERING PROGRESS. BUILDING TOMORROW. Trust remains the foundation of Kamdhenu’s journey. During FY 2025-26, we strengthened that foundation through consistent business growth, a larger franchise network, and broader market reach under strict financial discipline. These outcomes elevated our brand while creating sustainable value for our stakeholders. Today, Kamdhenu is the market leader in branded TMT bars in the retail segment. Our powerful asset-light business model combines manufacturing excellence with extensive market reach. Our network of over 100 franchise manufacturing units, 12,500+ dealers and 500+ distributors enables us to serve customers efficiently across the country. It also ensures consistent product quality and brand standards. INDIA’S LARGEST BRANDED TMT BAR PLAYER IN THE RETAIL SEGMENT 44 Annual Report 2025-26 Corporate Overview Statutory Reports Financial Statements Innovation remains integral to our growth journey. Our portfolio includes Kamdhenu NXT, India’s next-generation interlocking TMT bar, and Kamdhenu PAS 10000, engineered for superior strength and performance in highly seismic zones. Supported by continuous product development, stringent quality assurance and technical expertise, our solutions cater to the evolving needs of modern infrastructure and construction. Over the years, Kamdhenu has earned widespread recognition for its quality, trust and brand leadership. An ISO 9001:2015 certified organization, Kamdhenu is listed on both the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE). Driven by a legacy of tr [Showing first 8,000 characters — download PDF for full document]