Business Responsibility and Sustainability Report for the Financial Year 2025-26

August 31, 2026 BSE Limited, National Stock Exchange of India Limited, P J Towers, Exchange Plaza, Bandra Kurla Complex Dalal Street, Bandra (East) Mumbai – 400 001. Mumbai 400051. BSE Scrip Code: 524735 NSE Symbol: HIKAL Dear Sir/ Madam, Subject: Business Responsibility & Sustainability Report for FY 2025-26 Pursuant to Regulations 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Business Responsibility & Sustainability Report of the Company for financial year 2025-26, this also forms part of our Annual Report for financial year 2025-26. This is for your information and records. Yours sincerely, For Hikal Limited Rajasekhar Reddy Company Secretary and Compliance Officer Encl: As above Hikal Ltd. Admin. Office: Great Eastern Chambers, 6th Floor, Sector 11, CBD Belapur, Navi Mumbai - 400 614, India. Tel. + 91–22–6277 0299, + 91–22–6866 0300 Regd. Office: 717/718, Maker Chambers - 5, Nariman Point, Mumbai - 400 021, India. Tel. +91-22 6277 0477. Fax: + 91-22 6277 0500 www.hikal.com info@hikal.com CIN: L24200MH1988PTC048028 Corporate Management ESG at Statutory Financial Overview Discussion and Analysis Hikal Reports Statements Business Responsibility and Sustainability Report SECTION A: GENERAL DISCLOSURES I. Details of the listed Entity 1. NSE Symbol HIKAL 2. BSE Scrip Code 524735 3. MSEI Symbol NOT LISTED 4. ISIN INE475B01022 5. Corporate Identity Number (CIN) of the Listed Entity L24200MH1988PTC048028 6. Name of the Listed Entity Hikal Limited 7. Date of incorporation 08th July 1988 8. Registered office address 717/718, Marker Chambers V, Nariman Point, Mumbai, 400021 9. Corporate address Great Eastern Chambers, Sector-11, 6th Floor, CBD Belapur, Navi Mumbai – 400614 10. E-mail secretarial@hikal.com 11. Telephone +91 22 6277 0299 12. Website www.hikal.com 13. Financial year for which reporting is being done 1 April 2025 to 31 March 2026 14. Name of the Stock Exchange(s) where shares are listed BSE Limited (BSE) National Stock Exchange of India Limited (NSE) 15. Paid-up Capital ₹ 24.66 crore 16. Name and contact details (telephone, email address) of the Name: Jai Hiremath person who may be contacted in case of any queries on the Designation: Executive Chairman BRSR report DIN number: 00062203 Telephone number: 022 6277 0299 E-mail ID: secretarial@hikal.com 17. Reporting boundary - Are the disclosures under this report Disclosures made in this report are on a consolidated made on a standalone basis (i.e. only for the entity) or on basis a consolidated basis (i.e. for the entity and all the entities which form a part of its Whether the company has undertaken assessment or Yes assurance of the BRSR Core? 18. Name of assessment or assurance provider Sustain Right 19. Type of assessment or assurance obtained Reasonable assurance II. Products/services 20. Details of business activities (accounting for 90% of the turnover): Percentage of Turnover S. No. Description of Main Activity Description of Business Activity of the entity 1 Manufacturing Manufacturing of pharmaceuticals, animal health, 100% crop protection and specialty chemicals 21. Products/Services sold by the entity (accounting for 90% of the entity’s Turnover): S. No. Product/Service NIC Code % of total Turnover contributed 1 Manufacture of Basic Chemical Elements 20116 40% 2 Manufacture of Pharmaceutical Products 21001 60% iii. Operations 22. Number of locations where plants and/or operations/offices of the entity are situated: Location Number of plants Number of offices Total National 6* 3 9 International 0 3 3 Note: *Hikal Limited has five manufacturing facilities and one Research and Technology (R&T) centre in India. Annual Report 2025-26 BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT (CONTD.) 23. Markets served by the entity: a. Number of locations Locations Number National (No. of States) Pan-India 1. Overseas office in Japan International (No. of Countries) 2. Overseas office in USA 3. Representation in Europe b. What is the contribution of exports as a percentage of the total turnover of the entity? Total contribution of exports as a percentage of the turnover is 69%. c. A brief on types of customers Hikal caters to a diversified global customer base across the pharmaceuticals, crop protection, personal care and specialty chemicals sectors. The Company primarily supplies to pharmaceutical companies, generic pharmaceutical manufacturers, agrochemical innovators, crop protection formulators, and specialty chemical companies through long-term manufacturing partnerships, custom synthesis, contract development and manufacturing (CDMO), and supply of active ingredients, intermediates, and specialty products. IV. Employees 24. Details as at the end of Financial Year: a. Employees and workers (including differently abled): S. Total Male Female Particulars No. (A) No. (B) % (B/A) No. (C) % (C/A) EMPLOYEES 1. Permanent (D) 2044 1890 92% 154 8% 2. Other than Permanent (E) 33 27 82% 6 18% 3. Total employees (D + E) 2077 1917 92% 160 8% WORKERS 4. Permanent (F) 108 108 100% 108 100% 5. Other than Permanent (G) 948 880 93% 880 93% 6. Total workers (F + G) 1056 988 94% 988 94% b. Differently abled Employees and workers: S. Total Male Female Particulars No. (A) No. (B) % (B/A) No. (C) % (C/A) DIFFERENTLY ABLED EMPLOYEES 1. Permanent (D) 3 3 100% - - 2. Other than Permanent (E) 0 0 0 - - 3. Total differently abled employees (D + E) 3 3 100% - - DIFFERENTLY ABLED WORKERS 4. Permanent (F) - - - - - 5. Other than Permanent (G) - - - - - 6. Total differently abled workers (F + G) - - - - - Corporate Management ESG at Statutory Financial Overview Discussion and Analysis Hikal Reports Statements 25. Participation/Inclusion/Representation of women No. and percentage of Females Total (A) No. of Females % (B/A) Board of Directors 11* 3 30% Key Management Personnel 7 0 0% Note: Board composition changed from 11 Directors (27.3% women representation) to 10 Directors (30% women representation) from October 2025 onwards due to resignation of 1 Director. 26. Turnover rate for permanent employees and workers Turnover rate in FY 2025-26 Turnover rate in FY 2024-25 Turnover rate in FY 2023-24 Male Female Total Male Female Total Male Female Total Permanent Employees 29% 2% 31% 29% 2% 31% 24% 2% 26% Permanent Workers 6% NA 6% 6% 0% 6% 4% 0% 4% V. Holding, Subsidiary and Associate Companies (including joint ventures) 27. (a) Names of holding/subsidiary/associate companies/joint ventures Name of the holding/ Indicate whether Does the entity indicated at S. Subsidiary/associate holding/Subsidiary/ % of shares held column A, participate in the No. companies/Joint ventures Associate/Joint by listed entity Business Responsibility initiatives (A) Venture of the listed entity? (Yes/No) 1 Acoris Research Limited Subsidiary 100% No 2 Hikal LLC Subsidiary 100% No VI. CSR Details 28. (i) Whether CSR is applicable as per section 135 of Companies Act, 2013: Yes (ii) Turnover (in ₹): 17,12,60,00,000 (iii) Net worth (in ₹): 11,99,00,00,000 VII. Transparency and Disclosures Compliances 29. Complaints/Grievances on any of the principles (Principles 1 to 9) under the National Guidelines on Responsible Business Conduct: FY 2025-26 FY 2024-25 Grievance Number of Number of Stakeholder group from Redressal Number of complaints Number of complaints whom complaint is Mechanism complaints pending complaints pending received in Place filed during resolution filed during resolution (Yes/No) the year at close of Remarks the year at close of Remarks the year the year Communities Yes Nil Nil Nil Nil Nil Nil Investors (other than Yes Nil Nil Nil Nil Nil Nil shareholders) Shareholders Yes 2 0 Nil Nil Nil Nil Employees and workers Yes Nil Nil Nil Nil Nil Nil Customers Yes 20 1 Under 34 4 Resolved Investigation Value Chain Partners Yes Nil Nil Nil Nil Nil Nil Others NA NA NA NA NA NA NA Weblink to Grievance Redressal Policy: https://www.hikal.com/docume [Showing first 8,000 characters — download PDF for full document]