Bodal Chemicals Limited herewith submit Annual Report for year ended 31st March 2026. AGM scheduled to be held on 25th September 2026

By online submission Sec/26-27/62 Date:31-08-2026 To, To, The General Manager, The General Manager, Department of Corporate Services National Stock Exchange of India Ltd. BSE Ltd. Exchange Plaza, 1st Floor, New Trading Ring, Plot No. C/1, G Block, Rotunda Building, P. J Tower, Bandra Kurla Complex, Dalal Street, Fort Bandra (E), Mumbai-400 051. Mumbai-400 001 NSE Code: BODALCHEM BSE Code: 524370 Dear Sir /Ma’am, Subject: Annual Report for FY 2025-26: Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a copy of the Annual Report of 40th Annual General Meeting (“40th AGM”) for the financial year 2025-26. The 40th AGM is scheduled to be held on Friday, September 25, 2026 at 12.00 Noon (IST) through Video Conferencing (“VC”)/Other Audio-Visual Means (“OAVM”). The Annual Report for the financial year 2025-26 including the Notice of the 40th AGM is made available on the website of the company i.e. https://www.bodal.com/files/report_1788158428_6a9521dc2adff.pdf You are requested to take the same on record. Thanking you, Yours faithfully, For, BODAL CHEMICALS LTD Ashutosh B Bhatt Company Secretary Encl: As Above Operational Excellence Anchored in Sustainability A strong pursuit towards excellence, while fostering a sustainable future. BODAL CHEMICALS LIMITED ANNUAL REPORT 2025-26 Underpins our mission of continuous improvement, operational rigor, and disciplined execution, enabling the Company to maintain high standards of quality, efficiency, and stakeholder trust. ABOUT OUR REPORT Our Annual Report for the year encapsulates both our financial and non-financial performance for the year, offering a comprehensive update to our stakeholders on our governance practices, material issues, risks, opportunities, strategy, and future outlook. Through this report, we present the Company’s vision for driving delivery excellence, aligned with our core purpose, strategic priorities, and business model. It provides a transparent account of how we generate value for our stakeholders in the short, medium, and long term, encompassing our financial outcomes, environmental initiatives, societal contributions, and key achievements. Scroll Down For... SCOPE OF REPORTING Reporting Period CORPORATE OVERVIEW This report is published annually, covering the period Forward-Looking Statements from 01st April, 2025 to 31st March, 2026. Chairman’s Communique 2 This document contains statements about expected Financial and Non-Financial Reporting future events and financials of Bodal Chemicals Bodal Chemicals Limited - At A Glance 6 This report extends beyond financial metrics to Limited, which are forward looking. By their nature, Building Momentum. Expanding Horizons. 8 forward-looking statements require the Company to encompass Bodal Chemicals Limited’s non-financial Defining Strengths- The Bodal Approach 9 make assumptions and are subject to inherent risks performance, opportunities, risks, and outcomes linked and uncertainties. There is a significant risk that the Geographic Footprint 9 to our key stakeholders, who play a vital role in shaping assumptions, predictions, and other forward-looking our capacity to create value. Performance Across The Years 10 statements may not prove to be accurate. Readers Materiality are cautioned not to place undue reliance on forward- Powering Presence Across Borders 12 looking statements as several factors could cause This report highlights information that is critical to our A Humble Beginning. A Relentless Journey Forward. 14 assumptions, actual future results, and events to differ business, offering a concise summary of the Company’s materially from those expressed in the forward-looking State-Of-The-Art Production Capabilities 16 performance, future prospects and commitment to statements. Accordingly, this document is subject delivering sustainable value to all stakeholders. It Diverse Segments. Unified Growth. 18 to the disclaimer and qualified in its entirety by the reflects the legitimate interests of our stakeholders, assumptions, qualifications, and risk factors referred to Integrated Environmental Management Infrastructure 19 ensuring that all relevant material information is in the Management Discussion and Analysis section of included. Advancing With Scale. Growing With Purpose. 20 this Annual Report. REPORTING PRINCIPLES A Year Of Accolades And Awards 21 For the purpose of this report, Bodal Chemicals Limited Integrated Portfolio. Expanded Progress. 22 is referred to as, “Bodal”, “Bodal Chemicals”, “the Milestones That Shaped 2026 26 Company”, “we”, “our”, and “us”. Our Annual Report aims to offer both quantitative and qualitative insights into Creating A Better Tomorrow 28 key material aspects, as well as our interactions with Strategic Leadership. Responsible Governance. 30 stakeholders. Corporate Information 32 STATUTORY REPORTS SHAREHOLDER INFORMATION Management Discussion and Analysis 34 CIN : L24110GJ1986PLC009003 Board’s Report 50 For more investor-related information, BSE Code : 524370 Please visit: Corporate Governance Report 76 www.bodal.com/annual-report-audit.php NSE Symbol : BODALCHEM Business Responsibility and Sustainability Report 99 Or simply scan the QR code Bloomberg Code : tBODAL: IN FINANCIAL STATEMENTS AGM Date : 25th September, 2026, Friday Standalone Financial Statements 138 AGM Mode : Virtual Consolidated Financial Statements 198 CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL REPORTS Operational Excellence Anchored in Sustainability ANNUAL REPORT 2025-26 CHAIRMAN’S COMMUNIQUE As we enter the next fiscal, we do so with measured confidence, supported by our strong manufacturing facilities, robust operational capabilities, and deep professional expertise. Our integrated infrastructure, process efficiencies, and engineering strength position us well to respond to evolving market demands with agility and precision. Dear shareholders, Our Dye Intermediates The financial year 2025-2026 marked division delivered a pivotal chapter in Bodal Chemicals’ strong volume and journey defined by strategic clarity with revenue momentum, reaffirming which we chose to pursue it. Amid a its role as the operational and financial dynamic operating landscape shaped backbone of the Company. Revenue Strategic Shift: by shifting global supply chains, from Dye Intermediates grew 6% From Volume to Value regulatory developments, and evolving YoY. Dyestuffs grew 6% and Basic customer expectations, the Company Central to this progress was the Chemicals grew 80%, supported by remained resolute in its commitment successful commissioning of our in-house intermediates and a robust to building a stronger, more agile, and greenfield manufacturing facility at SOP-based quality model. future-focused enterprise. Saykha, Gujarat. This marks our entry Our Chlor-Alkali business has reported into the benzene derivatives segment- A Year of Transition and Traction revenue of Rs. 3,387mn, remained in MCB, PNCB, ONCB, MNCB, and DCB, The fiscal year presented its share line on YoY basis as demand gained enabling access to pharmaceuticals, of challenges. The global chemical traction from water treatment and agrochemicals, pigments, and industry grappled with volatility, hygiene segments. Export volumes polymer markets. The Saykha facility inflationary headwinds, and shifting also experienced healthy growth, is equipped with German Adiabatic trade dynamics. Against this backdrop, driven by improved performance from Nitration Technology (one of the Bodal Chemicals delivered steady our subsidiaries in Southeast Asia. world’s greenest nitration systems) and progress across multiple dimensions, India’s first Continuous Crystallisation achieving one of its strongest revenue system for PNCB, sourced from performances to date. This growth was Switzerland. This is not merely a driven by improved demand across key capital investment; it is a forward- verticals, an optimised product mix, look [Showing first 8,000 characters — download PDF for full document]