Annual Report for the FY 2025-26 is attached

August 31, 2026 To, To, The Manager The Manger Department of Corporate Services (DCS-Listing) Listing Compliance BSE Limited, National Stock Exchange India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G-Block, Dalal Street, Fort, Bandra-Kurla Complex, Mumbai- 400001 Bandra (East), Mumbai- 400051 Script Code: 531717 Trading Symbol: VIDHIING Dear Sir/Madam, Subject: Annual Report for FY 2025-26 under Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations). This has reference to our letter dated July 29, 2026, wherein the Company had informed that the 33rd Annual General Meeting ('AGM') of the Company will be held on Thursday, September 24, 2026 at 03:30 p.m. through Video Conferencing ('VC')/ Other Audio-Visual Means (OAVM). Pursuant to Regulation 34(1) of the SEBI Listing Regulations, enclosed is the Annual Report of the Company containing Notice of 33rd AGM and other Statutory Reports for the Financial Year 2025-26. The Annual Report is being sent through electronic mode to those Member(s) whose e-mail addresses are registered with the Company/Registrar and Transfer Agent/Depositories. Further in accordance with Regulation 36(1)(b) of the SEBI Listing Regulations, the Company is also sending a letter to those Members(s) who have not registered their e-mail addresses with the Company, Registrar and Transfer Agent/Depositories providing the web-link from where the Annual Report 2025-26 can be accessed on the Company’s website. The Annual Report for FY 2025-26 is also uploaded on the Company’s website and can be accessed at https://vidhifoodcolors.com/wp-content/uploads/2026/08/33rd-Annual-Report-2025-26.pdf Thanking you. Yours faithfully, For Vidhi Specialty Food Colors Limited Anupam J Vyas Company Secretary & Compliance Officer Membership No.: A60464 Email: Vsfilcs@vidhifoodcolors.com Enc. As above wwwwwwwww...vvviiidddhhhiiifffoooooodddcccooolllooorrrsss...cccooommm CORPORATE OVERVIEW 03-12 03 Financial Highlights & Performance 07 Performance Indicators 10 Board of Directors 12 Message from the Chairman and Managing Director STATUTORY REPORTS 13-129 13 Notice of Annual General Meeting 30 Board's Report 58 Business Responsibility Substitutability Report 95 Report on Corporate Governance 123 Management Discussion and Analysis STANDALONE FINANCIAL STATEMENTS 130-193 130 Independent Auditor's Report 144 Balance Sheet 145 Statement of Profit & Loss 146 Statement of Cash Flows 149 Notes formating part of the Financial Statement CONSOLIDATED FINANCIAL STATEMENTS 194-256 194 Independent Auditor's Report 204 Balance Sheet 205 Statement of Profit & Loss 206 Statement of Cash Flows 209 Notes formating part of the Financial Statement VIDHI SPECIALTY FOOD INGREDIENTS LIMITED CORPORATE INFORMATION BOARD OF DIRECTORS Bank of Baroda Mr. Bipin M. Manek (DIN: 00416441) REGISTRAR & SHARE TRANSFER AGENTS Chairman & Managing Director (R & TA): MUFG Intime India Private Limited Mr. Mihir B. Manek (DIN: 00650613) Joint Managing Director (Formerly Link Intime India Private Limited) C-101, 247 Park, L.B.S. Marg, Mrs. Vidhi H. Parekh (DIN: 07584061) Whole-time Director Vikhroli (West), Mumbai - 400 083. Mrs. Pravina B. Manek (DIN: 00416533) Tel: 8108116767 Fax: 022- 4918 6060 Non-Executive Director Website: www.in.mpms.mufg.com Mr. Ashit K. Doshi (DIN: 08486679) E-mail: investor.helpdesk@in.mpms.mufg.com Independent Director REGISTERED OFFICE: Ms. Jyoti S. Modi (DIN: 08699101) Vidhi Specialty Food Ingredients Limited Independent Director CIN: L24110MH1994PLC076156 Mrs. Pranali P. Govekar (DIN: 10727843) E/27, Commerce Centre, Independent Director 78, Tardeo Road, Mr. Anil Udeshi (DIN: 08285657) Mumbai – 400034 Independent Director Tel: + 91 22 6140 6666 Mr. Chetan P. Bavishi (DIN: 01978410) Fax: + 91 22 2352 1980 Additional Independent Director E-mail: mitesh.manek@vidhifoodcolors.com w.e.f. 11.08.2026 Website: https://vidhifoodcolors.com/ CHIEF FINANCIAL OFFICER CORPORATE OFFICE: Mr. Mitesh D. Manek Vidhi Specialty Food Ingredients Limited COMPANY SECRETARY & E/28 & 29, Commerce Centre, COMPLIANCE OFFICER 78, Tardeo Road, Mr. Anupam J Vyas w.e.f. 06.06.2025 Mumbai – 400034 STATUTORY AUDITORS Tel: + 91 22 6140 6615 M/s. Bhuta Shah & Co LLP. LOCATIONS OF PLANTS: Chartered Accountants Factory I and II: SECRETARIAL AUDITORS Plot No. 59/B & 68, M.I.D.C Dhatav - Roha, M/s. Hemanshu Kapadia & Associates Dist. Raigad, Maharashtra – 402 116 Practicing Company Secretaries Factory III: INTERNAL AUDITORS Plot No. Z/61 & Z/62, Dahej, SEZ Tal: Vagra Dist: M/s. Jayesh Kothari & Co. Bharuch, Gujrat-392130, India. Chartered Accountants BANKERS HDFC Bank ANNUAL REPORT 2025-26 1 VIDHI SPECIALTY FOOD INGREDIENTS LIMITED ABOUT US: Established in 1994, Vidhi Specialty Food Ingredients Limited (Formerly known as ‘Vidhi Dyestuffs Manufacturing Limited’) [‘Vidhi’] is a leading manufacturer of Superior Synthetic and Natural Food Grade Colours; providing customers with world class color solutions in applications of Foods & Beverages, Confectionaries, Pharmaceuticals, Feeds, Cosmetics, Inkjet Inks and Salt Free Colors. Our colors are being distributed and consumed in over 80 countries across 6 continents. At Vidhi, we have a transcendental combination of highly experienced and young and dynamic force of qualified chemists dedicated towards partnering the efforts of our discerning customers in developing superior colour solutions for their products. A fully equipped & functional laboratory accredited by The Bureau of Indian Standards forms the core of Quality Control Department with dedicated R&D facility with a team of PhDs and qualified chemists. Our technical team works closely with the end user, right from the stage of envisioning the product to commercial production and after sales support. Stringent procedures and fail-safe methods of testing are adopted, right from the stage of sampling of all raw materials, in process checks at various stages of the reactions and thorough testing of all finished products is carried out by our team of highly qualified and trained chemists. We share up to date information and news developments, regarding regulatory procedures and new standards being implemented across all global markets thereby securing the interests of our valued customers. Our company has two state-of-the-art manufacturing facilities, one located in the Dhatav village of Raigad district in Maharashtra and the recently commercialized Greenfield expansion in Dahej of Gujarat. This Greenfield expansion will enable Vidhi to address the growing demand supply gap and will result in increasing better realizations as the company forays into new high-margin products. Our manufacturing facilities are spread over an area of 1,76,000 square feet, located in Dhatav Village of Raigad District in the state of Maharashtra – India and and 1,08,250 square feet, located in Vagra Taluka in Bharuch District in the State of Gujrat – India. Today Vidhi is an ISO 9001:2000, ISO 22000:2005 and HACCP certified company. Vidhi is 1st Company in the field of manufacturing synthetic food colours in India to be awarded with ISO 9002 in the year of 2000. Our company continue to penetrate into newer geographies and add new customers across diversified end-user industries and further improve our wallet share from our existing customers. With the new greenfield expansion, vidhi has focus to enhance product portfolio and improve operational efficiencies and operating leverage. The board strives for a bright future for the company with overall growth and turnover, as well as profit through expansion of its production facility. Our Manufacturing facilities have been audited and found satisfactory by the U.S. FDA. All our products carry HALAL and Kosher certification. Vidhi is steadfastly working towards adoptions of standards like GFSI compliance. PRODUCT PORTFOLIO Synthetic Water Soluble Colours: (European Commission & JECFA Approved) Availa [Showing first 8,000 characters — download PDF for full document]