Pursuant to Regulations 31(4) Integrated Annual Report for FY 2025-26

Date: August 31, 2026 The Manager- Listing Department Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai- 400 001 BSE script Code: 526159 Subject: Integrated Annual report for the FY 2025-26 and Notice convening the 40th Annual General Meeting The 40th Annual General Meeting (“AGM”) of the Members of Nikhil Adhesives Limited (“the Company”) is scheduled to be held on Tuesday, 22nd September, 2026, at 03:00 p.m. IST through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”). In terms of the requirements of Regulations 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the Annual Report along with Notice of AGM for the financial year 2025-26. The Company has sent the same today through electronic mode to Members who have registered their email id with the Company's RTA/Depository Participants. The Notice along with the Annual Report for the financial year 2025-26 is also available on the website of the Company www.nikhiladhesives.com You are requested to kindly take the above information record. Thanking You, Yours Faithfully, For Nikhil Adhesives Limited Rajendra Sanghavi Whole-Time Director DIN: 00245637 Meahacol Tho Right cldhesive NIKHIL Since 1974 ADHESIVES LTD. NIKHIL ADHESIVES LIMITED An ISO 9001 : 2015 Certified Company ANNUAL REPORT Mehetin WATERPROOFING SPECIALIST ABOUT US Nikhil Adhesives Ltd, a listed company with the Bombay Stock Exchange is a multi-product company manufacturing, selling and exporting various types products like Emditex, Emdilith, Emdibind, Emdicryl, Mahacol, Mahafix which are well know in Adhesives, Paints, Textile & Construction Chemicals market. The company had acquired the emulsion business of M/s. Mafatlal Dyes & Chemicals Limited the Erstwhile German Company -Hoechst Dyes and Chemicals Limited in the year 2003. Nikhil Adhesives Ltd has been in this business since 1986 and has Five manufacturing units located at Dahanu (Maharashtra), Silvassa (Dadra Nagar Haveli), Dahej(Gujarat), Tumkur (Karnataka) and Mehatpur (Himachal Pradesh). A dedicated technology centre at Turbe (Navi Mumbai) and 21+ depot’s spread across various states. With it’s presence for more than three decades and current production capacity of 135,000T p.a. Nikhil Adhesives Limited has grown in local market also expanded it’s horizon into exports to various countries in Asia, Africa and the Middle East. All our speciality products are made and delivered using our well automated manufacturing plants, better RM control, substantial production capacity, quality consistency, timely deliveries, excellent technical support, nationwide distribution network and excellent team. Listed at ) \ BSE-526159 yy : y Established q ) Manufacturing in 1986 Plants ABOUT NIKHIL m= 22+ Production yp Warehouses 4 A. / 135000 Mtpa {fa Chil Dedicated Technology Centre \ G6 MISSION G6 VISION “Create customer delight through “To be a leading, speciality & supply of innovative products and performance chemicals company services using world class, lean and built on trust, innovation & sustainable technology through a I) cutting-edge technology”. talented and committed team" NIKHIL ADHESIVES LTD. BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL Mr.Umesh J. Sanghavi Chairman and Managing Director (CMD) Mr.Rajendra J. Sanghavi Whole Time Director (Executive Director) Mr.Tarak J. Sanghavi Whole Time Director (Executive Director) Mr.Jagdish B. Mali Executive Director Dr.Satish Gaonkar Executive Director (appointed w.e.f 16" June, 2025) Mr.Pravin K. Laheri Non-Executive Independent Director Mrs.Gauri S. Trivedi Non-Executive Independent Director Mr.V. Subramanian Non-Executive Independent Director Mr.Sethunathan Charlayath Laxmanan Non-Executive Independent Director Mr.Madhu T Ankleshwaria Non-Executive Independent Director (appointed w.e.f 16" June, 2025) Mrs. Anita U. Sanghavi Chief Financial Officer Mrs.Beena Khandelwal Company Secretary & Compliance Officer STATUTORY AUDITORS REGISTRAR AND TRANSFER AGENTS PHD & Associates MUFG Intime India Private Limited(Formerly Link Intime India Private Limited) Chartered Accountants C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai- 400 083 BANKERS REGISTERED OFFICE Bank of India 902, 9th Floor, A-Wing, Kaledonia HDIL Building, Yes Bank Ltd Sahar Road, Opp. D-Mart DBS Bank India Limited Andheri (East), Mumbai — 400069. HDFC Bank Limited COMPANY IDENTIFICATION NUMBER (CIN): L51900MH1986PLC041062 CONTENTS Page No. NOTICE 1-25 MANAGEMENT DISCUSSION AND ANALYSIS REPORT 26-31 DIRECTORS REPORT 32-51 REPORT ON CORPORATE GOVERNANCE 52-67 AUDITORS REPORT 68-80 BALANCE SHEET 81 STATEMENT OF PROFIT AND LOSS 82 CASH FLOW STATEMENT 83 NOTES FORMING PART OF FINANCIAL STATEMENT 84-123 ADHESIVES LTD. NOTICE Notice is hereby given that the Fortieth Annual General Meeting of Nikhil Adhesives Limited will be held on Tuesday, 22"? September, 2026 at 3:00 PM through Video Conferencing (‘VC’)/Other Audio Visual Means (‘OVAM’) to transact the following business: The proceedings of the AGM shall be deemed to be conducted at the Registered Office of the Company which shall be the deemed venue of the AGM. ORDINARY BUSINESS 1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31° March, 2026 together with the reports of the Board of Directors and Statutory Auditors thereon. 2. To appoint a director in place of Mr. Tarak Jayantilal Sanghavi, Whole Time Director (DIN: 00519403), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment. 3. To declare dividend of Re.0.22 per equity share of face value of Re. 1 each for the financial year ended 31% March, 2026. SPECIAL BUSINESS 4. Ratification of Remuneration of Cost Auditor M/s. B. F. Modi & Associates, Cost Accountants (Firm Registration No. 100604): To consider and if thought fit, to pass with or without modification(s), the following resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to Section 148(3) and other applicable provisions, if any, of the Companies Act, 2013(including any statutory modification(s) or re-enactment(s)thereof, for the time being in force), and the Companies (Audit and Auditors) Rules, 2014, as amended from time to time, the Company hereby ratifies the remuneration of Rs. 50,000/- per annum (Rupees Fifty Thousand Only) plus applicable taxes and reimbursement of out-of-pocket expenses payable to M/s. B. F. Modi & Associates, Cost Accountants (Firm Registration No. 100604), who have been appointed by the Board of Directors, 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 31, 2027. RESOLVED FURTHER THAT any of the Directors or Company Secretary or Chief Financial Officer of the Company be and is hereby authorised either severally or jointly to do all such acts, deeds and things as may be deemed proper and expedient to give effect to this Resolution.” 5. Appointment of M/s. Deepika Mishra & Associates, Practising Company Secretaries, Delhi, a Peer Reviewed Firm as the Secretarial Auditors of the Company. To consider and if thought fit, to pass with or without modification(s), the following resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Regulation 24A & other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) read with Circulars issued thereunder from time to time and Section 204 and other applicable provisions of the Companies Act, 2013, if any read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (“the Act”), and based on the recommendation of the Audit Committee and the approval of the Board of Directors of the Company, consent of the Company be and is hereby accorded for appointment of M [Showing first 8,000 characters — download PDF for full document]