enclosed the annual report 2025-26

RISHI LASER LIMITED Registered Office: 612, Veena Killedar Industrial Estate, 10-14 Pais Street, Byculla (w), Mumbai 400 011. Tel.: +91 22 2307 5677, 4585, 2307 4897 Email: rlcl.mumbai@rishilaser.com, Website: www.rishilaser.com CIN: L99999MH1992PLC066412 31st August, 2026 RLL/35/2026-27 Department of Corporate Services BSE Limited Floor 25, P. J. Towers, Dalal Street Mumbai- 400 001 Ref: SCRIP-526861 ISIN: INE988D01012 Sub: Intimation under Regulation 30 and 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/ Madam, Pursuant to Regulation 30 and 34 of SEBI Listing Obligation and Disclosure Requirement) Regulations, 2015, please find enclosed herewith:  The Notice of the 34th Annual General Meeting schedule to be held on Friday, 25th September, 2026 at 11.00 a.m. (IST) through Video Conferencing (“VC”)/ Other Audio Visual Means (“OAVM”).  34th Annual Report for the Financial Year ended March 31, 2026. The above-mentioned documents are being dispatched today i.e. August 31, 2026 through electronic mode to those Members whose email addresses are registered with the Company/ Depository Participants/ Registrar and Transfer Agent and also being made available on the website of the Company at www.rishilaser.com. In addition, pursuant to Regulation 36(1)(b) of the SEBI Listing Regulations, a letter is also being sent to the shareholders whose email addresses are not registered, providing the web-link where the Annual Report is uploaded on website. This is for your information and for the public at large. Kindly take the same on your record. Thanking You, Yours Faithfully For Rishi Laser Limited Vandana Patel Company Secretary Enclosed a/a ANNUAL REPORT 2025-26 +91-22 23075677 www.rishilaser.com 10/14 Pais Street, Byculla(W), Mumbai-400 011 CONTENTS Overview Corporate Information 01 Chairman Speech 02 Key Numbers at a Glance 03 Company’s Performance Trend 04 Notice Notice of AGM 07 Statutory Reports Boards’ Report 17 Report on Corporate Governance 30 Compliance Certificate 41 Declaration of code of conduct 41 Certificate on Corporate Governance 42 Management Discussion and Analysis Report 44 Financial Statements Independent Auditors’ Report 52 Balance Sheet 60 Profit and Loss Account 62 Cash Flow Statement 63 Changes in Equity 65 Significant Accounting Policies and Notes to Financial Statements 66 Overview BOARD OF DIRECTORS Name of Directors Designation DIN Mr. Harshad Patel Managing Director 00164228 Mr. Kirti Rathod Independent Director 00377056 Mrs. Sheela Ayyar Independent Director 06656579 Mr. Mahesh Solanki Non- Executive Director 09213491 CHIEF FINANCIAL OFFICER COMPANY SECRETARY Mr. Ganesh Prasad Agrawal Ms. Vandana Patel AUDITORS Statutory Auditors Secretarial Auditor M/s. Shah Mehta and Bakshi M/s. Sudhanwa S. Kalamkar & Associates 2nd Floor, Prasanna House Office No 203, 2nd Floor, Flying Colors, Pandit Deen Associated Society, Opp. Radhakrishna Park, Dayal Upadhyay Marg, Nr. Mulund West Check Naka Bus Depot, Above “Croma”, Mulund West, Mumbai, Near Akota Stadium, Akota, Vadodara - 390 020 MH - 400 080 Internal Auditor Cost Auditor M/s. P C Chhajed & Co. M/s. P. K. Chatterjee & Associates, Chartered Accountants 25, Radhey Nagar Housing Society, (Ground Floor), 10/4, Murai Mohalla, Chhawani, Opp. Sargam Shopping Centre, Parle Point, Surat - 395 007 Indore (M.P.) - 452 001 BANKERS HDFC Bank REGISTRAR AND SHARE TRANSFER AGENT Adroit Corporate Services Private Limited 17/20, Jaferbhoy Industrial Estate, 1st Floor, Makwana Road, Marol Naka, Andheri (E),Mumbai – 400 059. Tel No. 022-42270400 REGISTERED OFFICE 612, Veena Killedar Industrial Estate, 10/14, Pais Street, Byculla (W), Mumbai – 400 011. Tel No. 022-23075677/23074585 MANUFACTURING UNITS Pune Gat No. 229, Alandi Markal Road, Village- Markal, Taluka- Khed, Dist- Pune-412 105 Vadodara-Savli Plot No. 578-587, GIDC, Savli, Vadodara-391 770 Kundli Plot no. 428, E.P.I.P. industrial Estate, industrial estate, kundli,Sonipat, Haryana, 131 028 Bommsandra Plot No. 144 C, 145 & 146, 4th Phase, 7th Road, Bommsandra Industrial Area, Bangalore Urban, Karnataka - 560 099 Banagalore -Malur 1, Plot No: 50 & 51 P, Noosigere Village, Kasaba Hobli, Medo Pharmaceuticals Ltd, Malur Industrial Area Phase 1, Malur Industrial Area, Kolar, Karnataka, 563 130 Chennai No. 68, Plot No. 1 to 8, Varadharajapuram, Chennai- Bangalore Highway, Nazerethpet, Poonamalle, Chennai-600 123 34th Annual Report 2025-26 1 CHAIRMAN SPEECH Dear Shareholders, It gives me great pleasure to present the Annual Report of Rishi Laser Limited for FY 2025-26. This was a year of significant investment and, equally, a year of significant learning. We commissioned and commercialised our new Bangalore (Malur) facility, the largest and most advanced plant in our network, but the scale-up took longer and cost more than we had projected. I want to be direct about both sides of this year, because that is what our shareholders deserve. At Rishi Laser, Total revenue grew 7.23% to Rs. 162.35 crore, compared to Rs. 151.41 crore in FY25. EBITDA improved marginally to Rs. 14.12 crore, though EBITDA margin moderated to 8.70% from 9.09%, impacted by higher employee costs following the new labour code and the additional expense of commissioning Malur. Profit After Tax declined 55.48% to Rs. 3.67 crore, with PAT margin contracting to 2.26%. These results fell short of the growth trajectory we had guided towards, and as Managing Director, I take full responsibility for that shortfall. It stemmed from execution challenges within our control, longer-than-planned commissioning of large-format machinery and a workforce transition that demanded more restructuring than we had anticipated, not from any weakness in demand or in our markets. FY26 was, at the same time, a year of real progress. The Malur facility is now fully operational, with product approvals in place and shipments underway to our largest customer. Phase 1 of our in-house paint shop went live in June 2026, giving us an integrated manufacturing capability we did not have before. Our export contribution grew to Rs. 22.83 crore, or 14.2% of revenue, and Malur, built to international standards, strengthens our ability to scale this further. Despite the scale of investment, we maintained a conservative debt-to-equity ratio of 0.29x and grew our net worth to Rs. 74.60 crore, reflecting disciplined capital management through a demanding year. Our diversified presence across construction equipment, power distribution, rail transportation and other engineering segments, served through six manufacturing units across five states, continues to provide us resilience and long-term visibility. Construction equipment alone now accounts for over half our revenue, and our customers in this segment are expanding capacity in ways that play directly to the strengths of our new facility. Looking ahead, our strategy remains unchanged, and we believe the markets we serve have only strengthened. We are targeting a revenue CAGR of approximately 20% over the next three years, with Malur alone expected to contribute around Rs. 100 crore in annual revenue by FY29. In FY27, we expect to see the benefit of the investment now behind us: higher throughput, improving margins as operating leverage builds, and no repeat of the commissioning costs that weighed on this year. Our areas of focus going forward will be ramping up Malur to its designed capacity, deepening automation and Industry 4.0 adoption across our plants, growing our export franchise, and deepening our relationships with key customers as they expand globally. I take this opportunity to express my sincere gratitude to our employees, whose resilience carried us through a demanding year, and to our customers, Board, bankers and partners for their continued trust. To our shareholders, I owe the most direct thanks. FY26 was a year we paid for our ambitions, and I have not tried to present it differently to you here. What I can tell you w [Showing first 8,000 characters — download PDF for full document]