Pursuant to Regulation 34 of SEBI (LODR) Regulations, 2015 we have attached herewith the Annual Report of the Company for the FY 2025-26.

AANCHAL ISPAT LIMITED AN 1S0 9001:2015 COMPANY Voaod MAKE IN INDIA Date: 31/08/2026 Department of Corporate Services BSE Limited Phiroze Jeejeebhoy towers Dalal Street Mumbai — 400001 Dear Sir, Ref:-SCRIP CODE: 538812; ISIN: INE322R01022 Subject: 31°" Annual Report of Aanchal Ispat Limited. With reference to the above-captioned subject, please find attached a copy of the 3157 Annual Report of the Company under Regulation 34 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The Annual report is also available on the website of the company www.aanchalispat.com. You are requested to take note of the same. Yours Faithfully Thanking You For and on behaloff Board ofD irectors of Aanchal Ispat Ltd Mr.Puspendu Kayal (Company Secretary & Compliance Officer) Encl: as above UAN : WB10C0007296 GSTIN : 19AAACV8542M1ZQ CIN : L27106WB1996PLC076866 MSME : UDYAM-WB-08-0007012 Visit us as www.aanchalispat.com B & 5sE° W Email : info@aanchalispat.com | aanchalispat1996@gmail.com Registered Office : National Highway No.6, Chamrail, Howrah 711114 beyond steel cutww cwseme neroo eun CORPORATE INFORMATION AANCHAL ISPAT LIMITED CIN: L27106WB1996PLC076866 WEBSITE: www.aanchalispat.com BOARD OF DIRECTORS Mr. Mukesh Goel Managing Director Mr. Manoj Goel Non-Executive Director Ms. Nilu Nigania Non-Executive Independent Women Director Mr. Amit Kumar Agarwalla Non-Executive Independent Director Mr. Mukesh Kumar Agarwal Chief Financial Officer Mr. Puspendu Kayal Company Secretary STATUTORY AUDITOR M/s Rajesh Jalan & Associates Chartered Accountants 56, Metcalfe Street, 1st Floor, Room No. 1A, Kolkata 700 013 INTERNAL AUDITOR M/s Sailesh Agarwal & Associates Llp Chartered Accountants 4/1 Panchanan Tala Road, 1st Floor, Howrah West Bengal-7111101 SECRETARIAL AUDITOR M/s Manisha Saraf & Associates 11, Dacres Lane, 1st Floor, Kolkata- 700069 COST AUDITOR Mr. Rana Ghosh 9-B, Arpuli Lane, Kolkata-700012 REGISTRAR & SHARE TRANSFER AGENT Purva Sharegistry (India) Pvt. Ltd. Unit no. 9, Shiv Shakti Ind.Estt. J.R. Boricha Marg Opp. Kasturba Hospital Lane Lower Parel (E) Mumbai-400 011 Email: support@purvashare.com REGISTERED OFFICE Mouza-Chamrail National Highway-6 11, Liluah, Howrah-711114 E-Mail: cs@aanchalispat.com CONTENTS SL. PARTICULARS PAGE NO. NO. S 01 NOTICE OF THE 31st ANNUAL GENERAL MEETING 1-11 02 MANAGEMENT DISCUSSION AND ANALYSIS REPORT 12-19 03 REPORT OF THE COMPANY’S BOARD OF DIRECTORS 20-28 04 ANNEXURES TO THE BOARD’S REPORT 29-41 05 REPORT ON CORPORATE GOVERNANCE 42-61 06 AUDITED FINANCIAL STATEMENTS FOR THE FY 62-110 2025-2026 ABOUT THE REPORT This Annual Report presents a comprehensive account of the business operations, financial performance, corporate governance practices, and statutory disclosures of Aanchal Ispat Limited (“the Company”, “Aanchal Ispat”, “we”, or “our”) for the Financial Year 2025-26 (April 1, 2025 to March 31, 2026), and coincides with the Company’s 31st Annual General Meeting. Reporting Period and Scope Unless otherwise stated, all information, data, and disclosures contained in this Report pertain to the Financial Year 2025-26. Wherever relevant, prior-year figures for FY 2024-25 have been presented for comparative purposes. The scope of this Report extends to the operations, manufacturing facilities, and financial affairs of Aanchal Ispat Limited on a standalone basis in accordance with the applicable accounting standards. Reporting Framework and Compliance This Report has been prepared in compliance with the applicable provisions of the Companies Act, 2013, and the Rules made thereunder, the Indian Accounting Standards (Ind AS) as prescribed by the Ministry of Corporate Affairs, the Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI), and, to the extent applicable, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial statements have been audited by the Statutory Auditors of the Company, and their Report forms part of this Annual Report. Structure of this Report This Annual Report is organised into the following sections: the Notice of the 31st Annual General Meeting; the Management Discussion and Analysis Report, providing an overview of industry trends, operational performance, and future outlook; the Report of the Board of Directors along with its Annexures, detailing governance, compliance, and business highlights; the Report on Corporate Governance, outlining the Company’s governance structure and practices; and the Audited Financial Statements for FY 2025-26, presenting a true and fair view of the Company’s financial position and performance. Feedback and Queries Aanchal Ispat Limited values the views of its shareholders and stakeholders. For any queries, clarifications, or feedback relating to this Annual Report, stakeholders may write to the Company Secretary at the Company’s registered office, or through the contact details provided elsewhere in this Report. NOTICE TO THE MEMBERS OF THE COMPANY NOTICE IS HEREBY GIVEN THAT THE THIRTY-FIRST 31ST ANNUAL GENERAL MEETING OF THE MEMBERS OF AANCHAL ISPAT LIMITED WILL BE HELD ON WEDNESDAY, 23RD SEPTEMBER, 2026 AT 1.30 P.M. THROUGH VIDEO CONFERENCING (“VC”) /OTHER AUDIO VISUAL MEANS (‘OAVM’) TO TRANSACT THE FOLLOWING BUSINESS: ORDINARY BUSINESS 1. TO RECEIVE, CONSIDER AND ADOPT THE AUDITED STANDALONE FINANCIAL STATEMENTS OF THE COMPANY FOR THE YEAR ENDED 31ST MARCH, 2026, TOGETHER WITH THE REPORTS OF THE BOARD OF DIRECTORS AND THE AUDITORS THEREON. 2. TO APPOINT A DIRECTOR IN PLACE OF MR. MANOJ GOEL (DIN: 00554986), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT. To appoint a director in place of Mr. Manoj Goel (DIN: 00554986), who retires by rotation in terms of section 152(6) of The Companies Act, 2013 and being eligible, offers himself for re-appointment. SPECIAL BUSINESS 3. RATIFICATION OF REMUNERATION PAYABLE TO MR. RANA GHOSH, THE COST AUDITOR OF THE COMPANY FOR THE FINANCIAL YEAR 2026-27. To consider and if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Section 148 and all other applicable provisions, if any of the Companies Act, 2013 and rules made there under (including any statutory modification(s) or re-enactment thereof) and subject to applicable notification or circular as may be issued by the Ministry of Corporate Affairs (MCA) in this regard, the Company hereby ratifies the Remuneration of ₹ 40,000/- plus applicable taxes and reimbursement of out-of-pocket expenses payable to Mr. Rana Ghosh, Cost Accountants (Firm Registration Number: 102189, Membership No. 09356), who, based on the recommendation Audit Committee, have been appointed by the Board of directors of the company, as the Cost Auditors of the Company, to conduct the Audit of the cost records maintained by the company for the financial year ending March 31st, 2027. RESOLVED FURTHER THAT the Board of Directors be and are hereby authorised to do all such acts, deeds, matters and things and take all such steps as may be deemed necessary, proper or expedient to give effect to the above resolution.” On behalf of the Board of Directors of Aanchal Ispat Limited Sd/- Puspendu Kayal Date: 29/08/2026 (Company Secretary & Compliance Officer) Page 1 NOTES 1. An Explanatory Statement pursuant to Section 102(1) of the Companies Act, 2013 (“Explanatory Statement”) in relation to the Special Businesses to be transacted at the Meeting is annexed hereto and forms part of this Notice convening this AGM. 2. Pursuant to General Circular issued by the Ministry of Corporate Affairs (MCA) vide Circular No. 14/2020 dated April 8, 2020, Circular No.17/2020 dated April 13, 2020, Circular No. 20/2020 dated May 05, 2020 and latest being the 09/2024 dated September 19, 2024 read with SEBI Circular No. SEBI/ HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 3, 2024 the 31st AGM of the Company is being conducted through Video Conferencing or Other Audio- [Showing first 8,000 characters — download PDF for full document]