Annual Report for the financial year 2025-26

August 31, 2026 The Manager Corporate Relationship Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001 BSE Scrip Code: 544378 Symbol: PSPL Subject: Annual Report of the Company for Financial Year 2025-26. Dear Sir/ Madam, The 17th Annual General Meeting (‘AGM’) of PDP Shipping & Projects Limited (‘the Company’) will be held on Friday, September 25, 2026 at 03:00 p.m. (I.S.T.) through Video Conferencing (‘VC’)/ Other Audio Visual Means (‘OAVM’) in compliance with relevant circulars issued by the Ministry of Corporate Affairs (‘MCA’) and the Securities Exchange Board of India (‘SEBI’). Pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘SEBI LODR Regulations’), we are enclosing herewith the Annual Report of the Company for the financial year 2025-26, which is being sent through electronic mode to those Shareholders who have registered their email addresses with the Company/ Depository Participant(s). Further, pursuant to Regulation 36(1)(b) of SEBI LODR Regulations, a letter providing the web-link and QR code, where the Annual Report for financial year 2025-26 is available, will be sent to those Shareholders whose e-mail addresses are not registered with the Company/ Depository Participants(s). Annual Report of the Company for Financial Year 2025-26 is also available on the website of the Company at following link: https://www.pdpprojects.com/Investor_info/Annual_Reports/Annual_Report_2025-26.pdf. The aforesaid being submitted for your kind information and records. Thanking You, For PDP Shipping & Projects Limited Animesh Kumar Managing Director DIN: 02534914 Encl.: As above Content CORPORATE INFORMATION 2 MD’s MESSAGE 4-5 17TH AGM NOTICE 7-25 STATUTORY REPORTS BOARD’S REPORT 26-55 FINANCIAL STATEMENTS Independent Auditor’s Report on Financial Statement 56 - 67 Balance Sheet 68 Statement of Profit and Loss 69 Statement of Cash Flow 70 Notes to the Financial Statement 71-83 PDP Shipping & Projects Limited Annual Report 2025-2026 Page 1 of 83 CORPORATE INFORMATION DEPOSITORIES PDP SHIPPING & PROJECTS LIMITED  National Securities Depository Limited CIN: L61100MH2009PLC192893  Central Depository Service (India) Limited Email - compliance@pdpprojects.com Contact No. - + 91 22 2756 5053 LISTING INFORMATION BOARD OF DIRECTORS:  Script Code: 544378  ISIN: INE0ABU01016 EXECUTIVE DIRECTORS:  Listed on BSE SME  Mrs. Shalini Abhiuday Verma (Whole-time Director) COMMITTEES:  Mr. Animesh Kumar (Managing Director) AUDIT COMMITTEE: INDEPENDENT DIRECTORS:  Mr. Yogesh Gupta (Chairman)  Mrs. Shalini Verma (Member)  Mr. Sunil Mishra  Mr. Sunil Mishra (Member)  Mr. Debabrata Samaddar  Mr. Yogesh Gupta STAKEHOLDERS RELATIONSHIP COMMITTEE: KEY MANAGERIAL PERSON  Ms. Sheela Anand Nadar  Mr. Debabrata Samaddar (Chairman) (Chief Financial Officer)  Mr. Yogesh Gupta (Member)  Mr Vijay Kumar Jha  Mrs. Shalini Verma (Member) (Company Secretary & Compliance Officer) STATUTORY AUDITOR NOMINATION REMUNERATION COMMITTEE:  M/s Bilimoria Mehta & Co.  Mr. Sunil Mishra (Chairman) 507-508 Inizio, Opp. P.G Plaza  Mr. Debabrata Samaddar (Member) Cardinal Gracious Road, Chakala  Mr. Yogesh Gupta (Member) Andheri East, Mumbai, Maharashtra aakash@bilimoriamehta.com REGISTRAR AND SHARE TRANSFER AGENT: SECRETARIAL AUDITOR  KFIN Technologies Limited  M/s M Sancheti & Associates Tower - B, Plot No 31 & 32, Selenium Building C-54A/3, Krishna Marg, Bapu Nagar Financial District, Nanakramguda, Gachibowli, Jaipur, Rajasthan - 302015 Hyderabad - 500 032, Telangana (India) man.sancheti@gmail.com Tel: 040 - 67162222; Fax: 040 - 23431551; Email: einward.ris@kfintech.com; INTERNAL AUDITOR Website: www.kfintech.com  M/s Abhishek M Agrawal & Co. BANKER Office No. 8, Ground Floor, V Mall Thakur Complex, Kandivali East  Union Bank in India Mumbai, Maharashtra  Axis Bank Limited abhishek@caamac.com  Punjab National Bank  IDBI Bank Limited PDP Shipping & Projects Limited Annual Report 2025-2026 Page 2 of 83 Mr. Animesh Kumar - Chairman and Managing Director Mr. Animesh Kumar, Managing Director of the Company is a first generation entrepreneur having an extensive experience of 24 years at the highest level in Sales, Operations & Management in Shipping & Logistics. His expertise in ODC, Breakbulk, Heavy lifts & Project Logistics, and proven track records in numerous Innovative, Pioneer, Critical and Challenging successful operations truly establishes his visionary leadership in trade. He is dedicated to upgrade the skill management and to add value to supply chain management. He has been continuously contributing as a visiting faculty, panelist, speaker, jury, advisor in various reputed trade forums and organizations. He has been an avid social worker for the cause of ‘students in financial distresses’ due to unfortunate sudden demise of earning parent(s). He works as Hon. National Advisor for an NGO dedicated for this noble cause. His passion for Logistics & Social Services has brought for him distinction, appreciation & accolades at distinguished forums & international platforms. Mrs. Shalini Verma - Whole-time Director (HR & Admin) Mrs. Shalini Verma is an MBA and an accomplished HR & Admin Professional. In pursuit of her objective for excellence and to add value to work place, She has participated in the programme on HR Analytics held by IIM Ahmedabad and holds a Post Graduate Diploma from the renowned Xavier institute of Communications (St. Xavier’s, Mumbai). She owns a proven track record of driving forward the company to success under her dynamic team leadership since she joined in 2014. She leads a well constituted an integrated team that has developed and executed comprehensive strategies for attracting, grooming and retaining top talent and business clients. Mr. Sunil Mishra - Independent Director Mr. Sunil Mishra is an M.A., LL.B from the leading Delhi University. He superannuated from Government of India as a Joint Secretary to Govt. after more than three decades of Distinguished Service to the Nation before embarking on a successful career of a practicing Advocate in Delhi Courts. His expertise spans diverse domains of Vigilance, Admin & Establishment, aviation, Shipping & Maritime. Notably, he played a pivotal role in formulating policies for the 11 (eleven) Major Port Trusts of India and served as a Government nominee and Trustee for the Vishakhapatnam Port Trust. His dedicatedly collaborated for the welfare of seafarers with various ministries, departments, agencies, maritime organizations & NGOs instrumental in the monitoring and execution of projects aimed at enhancing the well-being of seafarers, particularly in challenging scenarios such as piracy and hostage situations at sea. His is gem of an asset to an organization showcased proven track record of contributions to the government & shipping and the legal landscape. Mr. Debabrata Samaddar - Independent Director Mr. Debabrata Samaddar is a Mechanical Engineer (B.E.) from Jadavpur University, WB and a Post Graduate in CGM from reputed IIM Kolkata. He is specialized and trained at Harvard Business School and Cambridge University. With over 21 years at Tata Steel Group, he superannuated as a Senior General Manager at Tata Steel Downstream Products Ltd, overseeing operations with a turnover exceeding US$750 million. His expertise lies in Leadership, Profit Center & Operations Management, overseeing a huge clientele (600+) and a massive workforce (1500+). Noteworthy achievements include strategic capital expenditure management, global collaborations, business expansion, and product innovation. He has diversified industry exposure, including roles at Bridgestone (Japan) Tyres India and INDAL (now Hindalco). His contributions as a Senior Business Excellence Assessor and Apex Committee Member at Tata Group reflect his commitment to safety, ethics, CSR, and capital planning, driving growth, innovation, and operational excell [Showing first 8,000 characters — download PDF for full document]