The Standalone and Consolidated Financial Statements of your Company for the Financial Year ended March 31, 2026 have been prepared in accordance with Indian Accounting Standards (IND-AS), the relevant provisions of Sections 129 and 133 of the Companies Act, 2013 (“the Act”) and Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations/SEBI LODR”) which have been audited by the Statutory Auditors.

2. OVERVIEW OF COMPANY’S FINANCIAL PERFORMANCE

The Company continued to advance its transformation agenda during the year, strengthening its position as a leading health and hygiene solutions provider. Guided by a consumer-centric approach, the Company remained focused on driving sustainable growth through innovation, portfolio expansion, enhanced customer engagement, and service excellence.

The transformation initiatives undertaken by the Company are aimed at strengthening its core water business, expanding its presence in adjacent health and hygiene categories such as robotic vacuum cleaning, enhancing

direct-to-consumer and omni-channel capabilities, and leveraging digital technologies to improve customer experience and operational effectiveness. The Company also continued to invest in product innovation, brand building, talent development, and capability enhancement to support its long-term growth aspirations.

Leveraging its trusted brand portfolio, extensive service network, and deep consumer relationships, the Company remains well positioned to capitalise on the growing demand for health and hygiene solutions in India. The Board believes that the continued focus on innovation, execution excellence, productivity improvement, and customer-centricity will further strengthen the Company's competitive position and support sustainable value creation for all stakeholders.

The Company delivered consistent double-digit revenue growth for the second consecutive year, with revenue increasing by 11.3% in both FY25 and FY26. This growth was accompanied by sustained margin expansion, with adjusted EBITDA margin improving from 6.3% in FY23 to 12.2% in FY26, and robust cash generation resulting in a net cash surplus of f44,325.30 lakhs as of FY26, compared to a net debt position of f3,142.41 lakhs in FY23.

3. MANAGEMENT DISCUSSION & ANALYSIS REPORT

Management Discussion & Analysis Report as stipulated under the SEBI Listing Regulations is presented in a separate section forming part of this Integrated Annual Report. It provides details about the overall industry structure and development, opportunities and threats, performance of various products, outlook, risks and concerns.

4. DIVIDEND

Your Directors propose to retain the entire Profit After Tax (PAT) in the Statement of Profit and Loss and do not recommend any dividend. The balance in the Statement of Profit and Loss account remains available for distribution in future.

Pursuant to Regulation 43A of the SEBI Listing Regulations, your Company has approved and adopted a Dividend Distribution Policy. The Dividend Distribution Policy of the Company is available at: www.eurekaforbes.com/media/ investor-relations/Dividend Distribution Policy.pdf.

5. TRANSFER TO RESERVES

Your Company does not propose to transfer any amount to the General Reserve.

6. UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND PROTECTION FUND (“IEPF”)

As per the provisions of the Act read with the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, all unpaid or unclaimed dividends are required to be transferred to the IEPF Authority, after completion of seven years.

Further, according to the said Rules, the shares on which dividend has not been paid or claimed by the shareholders for seven consecutive years or more shall also be transferred to the IEPF Authority. Although the Company has never declared a dividend, there are shares in the IEPF due to the Composite Scheme of Arrangement.

Members whose shares are transferred to IEPF as stated above, can still claim the shares from the IEPF Authority by submitting an application in Web Form No. IEPF-5 available on www.iepf.gov.in. The voting rights on shares transferred to the IEPF Authority shall remain frozen until the rightful owner claims the shares. The shares held in such Demat account shall not be transferred or dealt with in any manner whatsoever except for the purpose of transferring the shares back to the claimant as and when he approaches the Authority. All benefits except rights issue accruing on such shares e.g. bonus shares, split, consolidation, fraction shares etc., shall also be credited to such Demat account. Any further dividend received on such shares shall be credited to the IEPF Fund.

7. MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE COMPANY OCCURRED DURING THE FINANCIAL YEAR AND BETWEEN THE END OF THE FINANCIAL YEAR TO WHICH THIS FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT

There were no material changes and commitments affecting the financial position of the Company, that have occurred during the Financial Year and between the end of the Financial Year to which the Financial Statements relate and the date of this report.

8. DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANY’S OPERATIONS IN FUTURE

No significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and Company's operations in future.

9. SUBSIDIARY, JOINT VENTURE AND ASSOCIATE COMPANIES

The details of the Subsidiaries of the Company are as follows:

a. Forbes Aquatech Limited

Forbes Aquatech Limited having CIN: U28122KA2003PLC032492 is a Subsidiary of the Company incorporated on September 03, 2003 to manufacture, buy, sell, exchange, alter, improve, market, distribute, import or export or otherwise deal in all kinds of water filters, water purifiers, purifiers of all types and kinds, and allied products and also to supply, undertake and execute any works involving or relating to water purifiers, water filters, other products for purification of water or any other liquids or material of all kinds.

Total Revenue booked for the Financial Year ended March 31, 2026 was f 622.16 Lakhs (including f 31.32 Lakhs as other income). The Loss After Tax for the current year was f 7.63 Lakhs as compared to a profit of f 12.47 Lakhs in the previous year.

b. Infinite Water Solutions Private Limited

Infinite Water Solutions Private Limited having CIN: U74999MH2008PTC180918 is a Wholly Owned Subsidiary of the Company incorporated on April 07, 2008 to manufacture, buy, sell, exchange, alter, improve, market, distribute, import or export or otherwise deal in all kinds of water filters, water

purifiers or other water purification systems of all types and kinds and allied products, including manufacturing and processing of home reverse osmosis membrane elements and other related water treatment products and also to supply, undertake and execute any works involving or relating to water purifiers, water filters, other products for purification of water or other liquids or material of all kinds.

Total Revenue booked for the Financial Year ended March 31, 2026 was ? 4,875.36 Lakhs (including ? 78.50 Lakhs as other income). The Profit After Tax for the current year was ? 292.18 Lakhs as compared to a profit of ? 172.36 Lakhs in the previous year.

c. Euro Forbes Limited

Euro Forbes Limited having registration number 145214 is a Wholly Owned Subsidiary of the Company, incorporated on April 12, 2011 in Dubai to carry out general trading and investment holding worldwide and to invest in Companies/ Properties, joint Business Ventures with overseas entities and Investment in Overseas Entities and also Investment in properties of Dubai World, Nakeel, Emaar, Dubai Holdings and/or any other approved projects by Jebel Ali Free Zone.

Total Revenue booked for the Financial Year ended March 31, 2026, was ? 6.87 Lakhs, entirely comprising other income. Net Loss After Tax was ? 885.70 Lakhs as compared to a loss of ? 1.65 Lakhs in the previous year.

d. Forbes Lux FZE, Dubai

During the year under review, Forbes Lux FZE, Dubai has been liquidated pursuant to the letter received from the Jebel Ali Free Zone authority dated November 13, 2025.

Forbes Lux FZE having registration number 147235, was a Wholly Owned Subsidiary of Euro Forbes Limited, Dubai and was a step-down Subsidiary of the Company incorporated on June 26, 2011 in Dubai to trade in Cookers & Cook Stoves Trading, Refrigerators, Washing Machines & Household Electrical Appliances, Trading Water Heaters, Filters & Purifications Devices, Electrical & Electronic Appliances Spare Parts.

Total Revenue booked till November 13, 2025 was ? 17.53 Lakhs, entirely comprising of other income. Net Loss After Tax was ? 16.38 Lakhs as compared to a loss of ? 56.46 Lakhs in the previous year.

The Company does not have any material subsidiary. The policy for determining material subsidiaries of the Company is available at www.eurekaforbes.com/cms/ assets/prod/Policy on Material Subsidiary.pdf.

Pursuant to Section 136 of the Act, the Audited Financial Statements including the Consolidated Financial Statements and related information of the Company and Audited Annual Accounts of each of its Subsidiaries are placed on the website of the Company at: www.eurekaforbes.com/ investor-relations/financial-information/subsidiaries-eurekaforbes-ltd.

Further, your Company does not have any Associate or Joint Ventures. Further, no Companies became or ceased to be subsidiaries, Joint Ventures or Associate Companies of the Company during the year under review except Forbes Lux FZE, Dubai which has been liquidated.

Pursuant to Section 129(3) of the Act, a statement containing the salient features of the Financial Statements of the Company's subsidiaries are set out in the Form AOC-1, attached herewith as Annexure - 1.

10. EMPLOYEE STOCK OPTION PLAN 2022

Your Company had by way of Postal Ballot passed a special resolution on November 10, 2022, to approve the Employee Stock Option Plan 2022 (“ESOP 2022”) in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (“SEBI SBEB Regulations”).

ESOP 2022 was conceptualised with a view to motivate the key workforce seeking their contribution to the corporate growth, to create an employee ownership culture, to attract, retain, incentivise and motivate its eligible employees for ensuring sustained growth.

Under the above plan, the Company can grant up to 1,75,21,597 (One Crore Seventy-Five Lakhs Twenty-One Thousand Five Hundred and Ninety-Seven) options exercisable into not more than 1,75,21,597 (One Crore Seventy-Five Lakhs Twenty-One Thousand Five Hundred and Ninety-Seven) fully paid-up equity shares of ? 10/-(Rupees Ten Only) each.

During the year under review, 19,36,596 (Nineteen Lakhs Thirty-Six Thousand Five Hundred and Ninety Six) options were granted to the eligible employees under ESOP 2022.

I n compliance with the requirements of the SEBI SBEB Regulations, a Certificate from the Secretarial Auditors is obtained, confirming that the Schemes have been implemented in accordance with the SEBI SBEB Regulations and will also be available for electronic inspection by the members during the Annual General Meeting (“AGM”) of the Company.

Further, the disclosures required to be made under SEBI SBEB Regulations are available at www.eurekaforbes. com/media/investor-relations/ESOP-Disclosure/FY-2025-26.pdf.

11. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS

The Company has not given any loan or provided any security or guarantee which are covered under the provisions of Section 186 of the Act during the year under review.

The details of investments made by the Company under Section 186 of the Act forms part of this Integrated Annual Report and are given in the Notes to the Standalone Financial Statements for the Financial Year ended March 31, 2026.

12. BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

a. Board of Directors

There was no change in the composition of the Board of Directors during the year under review.

None of the Directors are disqualified from being appointed as the Director of the Company in terms of Section 164 of the Act. During the year under review, the Non-Executive Directors of the Company had no pecuniary relationship or transactions with the Company, other than sitting fees, commission, perquisites and reimbursement of expenses incurred by them for the purpose of attending meetings of the Board/Committees of the Company.

In accordance with the provisions of Section 152 of the Act and the Company's Articles of Association, Mr. Sahil Dalal (DIN: 07350808), Non-Executive, Non-Independent Director is liable to retire by rotation at the AGM and being eligible offers

himself for re-appointment. The Board recommends re-appointment of Mr. Sahil Dalal (DIN: 07350808) for the consideration of the Members of the Company at the forthcoming AGM. The relevant details as required under Secretarial Standard -2 and Regulation 36 of SEBI Listing Regulations including profile of Mr. Sahil Dalal (DIN: 07350808) is included separately in the Notice of AGM and Report on Corporate Governance, forming part of this Integrated Annual Report.

b. Key Managerial Personnel (KMP)

Following were the KMPs as on March 31, 2026 and as on date pursuant to Sections 2(51) and 203 of the Act read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014:

During the year under review, Ms. Pragya Kaul ceased to serve as the Company Secretary & Compliance Officer (Key Managerial Personnel) of the Company, effective from the close of business hours on August 29, 2025.

Subsequently, the Board, based on the recommendation of the Nomination and Remuneration Committee, appointed Ms. Shilpa Jain as the Company Secretary & Compliance Officer (Key Managerial Personnel) of the Company, with effect from September 02, 2025.

13. BOARD OF DIRECTORS

a. Declaration by Independent Director

The Board confirms that based on the written affirmations from each Independent Director, all Independent Directors fulfil the conditions specified for independence as stipulated in Regulation 16 of the SEBI Listing Regulations, as amended, read with Section 149(6) of the Act along with rules framed thereunder and are independent of the Management. Further, the Independent Directors have also registered their names in the Databank maintained by the Indian Institute of Corporate Affairs (“IICA”), Manesar, Gurgaon as mandated in the Companies (Appointment and Qualification of Directors), Rules, 2014. None of the Independent Directors have any other material pecuniary relationship or transaction with the Company, its Promoters, or Directors, or Senior Management which, in their judgement,

would affect their independence. In terms of Regulation 25(8) of the SEBI Listing Regulations, they have confirmed that they are not aware of any circumstance or situation which exists or may be reasonably anticipated that could impair or impact their ability to discharge their duties with an objective independent judgement and without any external influence. Further, none of the Directors are related to each other.

b. Number of Meetings of Board

During the year under review, 07 (Seven) Meetings of the Board of Directors were held. The details of such meetings held and attended by the Directors during the Financial Year 2025-26 are given in the Report on Corporate Governance forming part of this Integrated Annual Report.

The maximum interval between any two meetings did not exceed 120 days, as prescribed by the Act and the SEBI Listing Regulations.

c. Annual Evaluation of the Board

Evaluation of the Board, Directors, Committees etc. are done on an annual basis. The process is led by the Nomination and Remuneration Committee with specific focus on the performance vis-a-vis the plans, meeting challenging situations, performing leadership role within, effective functioning of the Board, time spent by each of the Directors, accomplishment of specific responsibilities and expertise, conflict of interest, integrity of Director, active participation and contribution during discussions.

The details of the Annual Board Evaluation process for Directors are given in the Report on Corporate Governance forming part of this Integrated Annual Report.

d. Policy on Directors’ Appointment and Remuneration and Other Details

Your Company has a Nomination and Remuneration Policy for Directors and Senior Managerial Personnel in compliance with the provisions of Section 178 of the Act and Regulation 19 of SEBI Listing Regulations as approved by the Nomination and Remuneration Committee and the Board.

The policy is available on the website of the Company at www.eurekaforbes.com/media/investor-relations/ Nomination-and-Remuneration Policy.pdf.

e. Familiarisation Programme for Independent Directors

Pursuant to Regulation 25(7) of the SEBI Listing Regulations, your Company has put in place a system to familiarise its Independent Directors with their

roles, responsibilities in the Company, nature of the industry, business model, processes, policies and the technology and the risk management systems of the Company, the operational and financial performance of the Company and significant developments so as to enable them to take well informed decisions in timely manner.

During the Financial Year 2025-26, familiarisation programmes were conducted and the Independent Directors were updated from time to time on continuous basis on Company's business model, risks & opportunities, significant changes in the regulations and duties and responsibilities of Independent Directors under the Act and SEBI Listing Regulations and other matters.

The policy on Company's familiarisation programme for Independent Directors is available at www.eurekaforbes.com/cms/assets/prod/ Familiarization Programme FY 26 d179d37df2.pdf

f. Opinion of the Board with regard to integrity, expertise and experience (including the proficiency) of the Independent Directors appointed during the year

The Board after taking the Independent Directors' respective declarations/disclosures on record and acknowledging the veracity of the same, is of the opinion that the Independent Directors of the Company possess requisite qualification(s), experience, expertise, hold highest standards of integrity and are independent of the management of the Company.

14. COMMITTEES OF THE BOARD

The Committee(s) constituted by the Board focus on specific areas and take informed decisions within the framework of delegated authority, and make specific recommendations to the Board on matters within their areas or purview. The decisions and recommendations of the Committees and minutes of meetings of Committees are placed before the Board for information and/or for approval, as required. During the year under review, all recommendations received from its Committees were accepted by the Board.

As on March 31, 2026, the Board has the following Statutory Committees:

• Audit Committee

• Nomination & Remuneration Committee

• Stakeholders' Relationship Committee

• Risk Management Committee

• Corporate Social Responsibility Committee

The details of the Board and its Committees along with their terms of reference, composition, meetings held during the year are given under Report on Corporate Governance forming part of this Integrated Annual Report.

15. DEPOSITS

Your Company has not accepted any public deposit and as such no amount on account of principal or interest on public deposit under Section 73 and 74 of the Act, read together with the Companies (Acceptance of Deposits) Rules, 2014 was outstanding as on the date of the Balance Sheet.

16. RISK MANAGEMENT POLICY

Your Company has implemented a comprehensive risk management system that covers all essential operations, and functional areas. The Company has put in place a comprehensive risk management framework to identify, assess and mitigate business risks with the objective of safeguarding the interests of its stakeholders. The Company's risk management framework is designed to ensure that risks are recognised and dealt with from the top down to the bottom up in a timely and appropriate manner. It is also kept flexible to accommodate shifting business requirements.

Pursuant to Section 134(3)(n) of the Act and Regulation 21 of SEBI Listing Regulations, the Board has constituted a Risk Management Committee (“RMC”) to frame, implement and monitor the risk management plan of the Company. The RMC is responsible for reviewing the risk management plan and ensuring its effectiveness. The Audit Committee has additional oversight in the area of financial risks and controls.

Broadly, key risks identified by the Management covers risk related to Market Risk, Consumer/Reputation Risk, Supply Chain Risk, Information/cybersecurity Risk, People Risk and Product Risk.

Further details on the Risk Management activities, including the implementation of risk management policy, key risks identified and their mitigations are covered in Management Discussion and Analysis Report, which forms part of this Integrated Annual Report.

17. INTERNAL FINANCIAL CONTROLS

Your Company has a defined system of internal controls for financial reporting of transactions and compliance with relevant laws and regulations commensurate with its size and nature of business. The Company also has a well-defined process for ongoing management reporting and periodic review of businesses.

There is an active internal audit function carried out entirely by M/s. PricewaterhouseCoopers (PwC), an external Chartered Accountant firm. As part of the efforts to evaluate the effectiveness of internal control systems, the internal audit department reviews the control

measures periodically and recommends improvements, wherever appropriate.

The Audit Committee regularly reviews the audit findings as well as the adequacy and effectiveness of the internal control measures. Based on their recommendations, the Company has implemented a number of control measures both in operational and accounting related areas, apart from security related measures.

18. CORPORATE SOCIAL RESPONSIBILITY (“CSR”)

Your Company is dedicated to add value to every individual in the country through its business by integrating societal, economic, environmental and sustainable commitments. Business practices of the Company shall contribute to make the world a better place. The main CSR objective of the Company is to promote healthcare, sanitation, hygiene including preventive healthcare and making available safe drinking water.

Disclosures as required under Rule 9 of the Companies (Corporate Social Responsibility Policy) Rules, 2014 are annexed to this Report as Annexure - 2. The CSR Policy of the Company is available at www.eurekaforbes.com/ cms/assets/prod/CSR Policy 33a9d74e5a.pdf.

19. AUDITORS AND AUDITORS’ REPORT

a. Statutory Auditors:

In terms of provisions of Section 139 of the Act and the Companies (Audit and Auditors) Rules, 2014, M/s. Deloitte Haskins & Sells LLP, Chartered Accountants, (Firm Registration No. 117366W/W-100018) were appointed as the Statutory Auditors of the Company at the 13^th Annual General Meeting held on December 22, 2022 to hold office for a term of five consecutive Financial Years from the conclusion of the 13^th Annual General Meeting until the conclusion of the 18^th Annual General Meeting of the Company.

Statutory Auditors’ Report

The Report given by the Statutory Auditors on the Financial Statements of the Company is part of this Integrated Annual Report. There has been no qualification, reservation, adverse remark or disclaimer given by the Statutory Auditors in their Report.

Details in respect of frauds reported by Auditors

During the year under review, the Statutory Auditors have not reported any fraud under Section 143(12) of the Act.

b. Secretarial Auditors

I n terms of the amended provisions of Regulation 24A of the SEBI Listing Regulations, the Members of the Company had approved appointment of M/s. Mihen Halani & Associates, Practicing Company Secretaries (Peer Review Certificate No. 6925/2025), as the Secretarial

Auditors of the Company for a term of five (5) consecutive years from Financial Year 2025-26 to Financial Year 2029-30, at the remuneration as mutually agreed between the Board and Auditor at the 16^th Annual General Meeting held on September 19, 2025.

Secretarial Audit Report

M/s. Mihen Halani & Associates conducted Secretarial Audit pursuant to the provisions of Section 204 of the Act and submitted the Secretarial Audit Report for the Financial Year ended March 31, 2026. The said report does not contain any observation or qualification requiring explanation or comments from the Board under Section 134(3) of the Act. The Secretarial Audit Report is annexed herewith as Annexure - 3 to this Report.

Further, the subsidiaries of the Company are not material subsidiaries. Therefore, the provisions regarding the Secretarial Audit as mentioned in Regulation 24A of the SEBI Listing Regulations as amended, do not apply to such subsidiaries.

Annual Secretarial Compliance Report

Annual Secretarial Compliance Report for the Financial Year ended March 31, 2026 on compliance of all applicable SEBI Regulations and circulars / guidelines issued thereunder, was obtained from M/s. Mihen Halani & Associates, Practicing Company Secretaries, Secretarial Auditors.

Details in respect of frauds reported by Auditors

During the year under review, the Secretarial Auditors have not reported any fraud under Section 143(12) of the Act.

c. Cost Auditors:

Maintenance of Cost Records

In terms of provisions of Section 148(1) of the Act read with the Companies (Cost Records and Audit) Rules, 2014, your Company is required to maintain cost accounting records and is required to get its cost accounts audited.

20. SHARE CAPITAL

a. During the year under review, the paid-up equity share capital of the Company has increased from H 193,47,92,400/- consisting of 19,34,79,240 fully paid-up equity shares of H 10/- each to H 193,49,18,160/- consisting of 19,34,91,816 fully paid-up equity shares of H 10/- each on account of allotment of 12,576 equity shares of face value of H 10/- each upon exercise of Stock Options granted under “Eureka Forbes - Stock Option Plan - 2022”.

b. During the year under review, the Company has not:

i. Bought back any of its securities.

ii. Issued any Sweat Equity Shares or any Bonus Issue.

iii. Issued any equity shares with differential rights as to dividend, voting or otherwise.

c. During the year under review, the Company has not made any provision of money for the purchase of, or subscription for, shares in your Company or its holding Company, to be held by or for the benefit of the employees of the Company and hence the disclosure as required under Rule 16(4) of Companies (Share Capital and Debentures) Rules, 2014 is not required.

21. DISCLOSURES UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION & REDRESSAL)

ACT, 2013

Your Company has zero tolerance for sexual harassment at workplace and has formulated a comprehensive policy on Prevention, Prohibition and Redressal against Sexual Harassment of Women at Workplace, which is also in accordance with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (“POSH”). The said policy has been made available on the internal portal of the Company.

Your Company has constituted an Internal Complaints Committee (“ICC”) under the POSH and has complied with the provisions relating to the same. All employees (permanent, contractual, temporary, trainees) are covered under this Policy. The constitution of ICC is as per the POSH Act and includes an external member who is an independent POSH consultant with relevant experience. The Company has an e-learning tool on POSH for all regular employees and also for induction of new employees.

During the year, the Company has not received any complaint under the Policy.

a) Number of complaints of sexual harassment received in the year - NIL

b) Number of complaints disposed-off during the year

- NIL

c) Number of cases pending for more than 90 days

- NIL

22. COMPLIANCE WITH SECRETARIAL STANDARDS

Your Company has complied with all the applicable provisions of Secretarial Standards on Meetings of Board of Directors (SS-1) and Secretarial Standards on General Meetings (SS-2) issued by the Institute of Company Secretaries of India.

23. CREDIT RATING

During the year under review, CARE Ratings Limited upgraded the Company's Long-Term Bank Facilities Rating and Issuer Rating from CARE AA-/Stable to CARE AA, Stable.

Additionally, CRISIL Ratings Limited upgraded its Corporate Credit Rating from AA-/Stable to AA-/Positive, further endorsing its creditworthiness and financial stability.

The details of Credit Rating are available on the website of the Company at www.eurekaforbes.com/investor-relations/shareholders-information/credit-rating.

24. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS & OUTGO

The information in accordance with the provisions of Section 134(3)(m) of the Act regarding conservation of energy, technology absorption, and foreign exchange earnings & outgo is attached herewith as Annexure - 4 and forms part of this Integrated Annual Report.

25. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

All Related Party Transactions (“RPTs”) during the Financial Year 2025-26, were reviewed and approved by the Audit Committee and were on arm's length basis and in the ordinary course of business. There were no material transactions with Related Parties during the year as per the last Audited Financial Statements. Accordingly, the disclosure of transactions entered into with Related Parties pursuant to the provisions of Section 188(1) of the Act and Rule 8(2) of the Companies (Accounts), Rules 2014 in Form AOC-2 is not applicable.

The Policy on Materiality of Related Party Transactions and on dealing with Related Party Transactions was amended by the Board at its meeting held on February 04, 2026 to align with the relevant changes in law. In accordance with the requirements of the Act and the SEBI Listing Regulations, the Policy is available on the Company's website and can be accessed at: www.eurekaforbes.com/ cms/assets/prod/Annex 9 EFL RPT Policy Final for website uploading e825081221.pdf.

This Policy deals with the review and approval of Related Party Transactions. The Board of Directors of the Company have approved the criteria to grant omnibus approval by the Audit Committee within the overall framework of the policy on related party transactions. Prior omnibus approval is obtained for related party transactions which are of repetitive nature and entered in the ordinary course of business and at arm's length. A detailed statement of all RPTs is placed before the Audit Committee every quarter for their review and noting.

28. ANNUAL RETURN

Pursuant to Section 134(3)(a) and Section 92 of the Act and Rule 12 of the Companies (Management and Administration) Rules, 2014, the draft Annual Return of the Company is available on the website at www.eurekaforbes. com/media/investor-relations/Eureka-Forbes-Limited-AnnualReturn-FY-2025-26.pdf.

29. PARTICULARS OF EMPLOYEES AND REMUNERATION

Disclosures on the remuneration of Directors, KMPs and employees as per Section 197(12) of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is given in Annexure -5 to this Report. Your Directors affirm that the remuneration paid to Directors, KMPs and employees is as per the remuneration policy of the Company.

Details of employee remuneration as required under Section 197(12) of the Act read with Rule 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, is provided in a separate annexure forming part of this report. Further, the report and the accounts are being sent to the Members excluding the aforesaid annexure. In terms of Section 136 of the Act, the said annexure is open for inspection and any Member interested in obtaining a copy of the same may write to the Company Secretary.

30. WHISTLE BLOWER POLICY

In compliance with Section 177(9) of the Act and Regulation 22 of SEBI Listing Regulations, your Company has adopted a Whistle Blower Policy. The Audit Committee oversees the functioning of this policy. The vigil mechanism provides adequate safeguards against victimisation of individuals who report concerns under the policy and allows for direct access to the Chairman of the Audit Committee. During the year, no person was denied access to the Chairman.

The Company's Whistle Blower Policy aims to provide the appropriate platform and protection for Whistle Blowers to report instances of fraud and mismanagement, if any, to promote reporting of any unethical or improper practice or violation of the Company's Code of Conduct or complaints regarding accounting, auditing, internal controls or suspected incidents of violation of applicable laws and regulations including the Company's Code of Conduct or Code for Prevention of Insider Trading and Policy of Fair Disclosure of Unpublished Public Sensitive Information.

The Whistle Blower Policy provides a mechanism for employees of the Company to approach the Chairman of the Audit Committee of the Company for redressal. Details of the Whistle Blower policy are covered in the Report on Corporate Governance forming part of this Integrated Annual Report and are made available on the Company's website at: www.eurekaforbes.com/media/pdf/whistle-blower-policy-v2.pdf.

31. CORPORATE GOVERNANCE

Pursuant to Regulation 34(3) read with Schedule V of the SEBI Listing Regulations, a separate section on Corporate Governance practices followed by the Company, together with a Certificate from Practicing Company Secretary confirming compliance with conditions of Corporate Governance, as required under SEBI Listing Regulations forms an integral part of this Report and is annexed herewith as Annexure - 6.

32. BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT (BRSR)

Pursuant to Regulation 34(2)(f) of the SEBI Listing Regulations, a report on sustainability in the format of Business Responsibility and Sustainability Report (BRSR), aligned with the Nine (9) principles of the National Guidelines on Responsible Business Conduct notified by the Ministry of Corporate Affairs, Government of India, including BRSR Core consisting of Key Performance Indicators as stipulated under the SEBI Listing Regulations forms part of this Integrated Annual Report as Annexure - 7.

33. OTHER DISCLOSURES

During the year:

a. the Company has complied with the applicable provisions of the Maternity Benefit Act, 1961;

b. no applications have been made by the Company under the Insolvency and Bankruptcy Code. However, an application is pending at the pre-admission stage. The Company has disputed the frivolous claim and is contesting the application on merits.

c. disclosures relating to difference between the amount of the valuation in case of one-time settlement is not applicable.

d. there was no change in the nature of business.

35. APPRECIATION &ACKNOWLEDGEMENTS

Your Directors take this opportunity to thank sincerely and acknowledge with gratitude, the contribution, co-operation and assistance received from customers, vendors, dealers, suppliers, investors, business associates, bankers, Government authorities and other stakeholders for their continued support during the year.

Further, the Board places on record its deep appreciation for the enthusiasm, co-operation, hard work, dedication and commitment of the employees at all levels. The enthusiasm and unstinting efforts of the employees have enabled the Company to remain an industry leader.