The dividend payment is in accordance with the Dividend Distribution Policy, which is available on the website of the Company.

OVERVIEW OF THE FINANCIAL PERFORMANCE

The financial performance highlights for the year ended 31^st March, 2026, are as follows -

The Company sold 753907 MT of Plastic goods and achieved Revenue from operations of R 11217.67 Crores during the year under review against sales of 674510 MT and Revenue from operations of R 10446.25 crores in the previous year achieving volume and revenue growth of about 12% and 7%, respectively.

Total Income and Operating Profit for the year under review amounted to R 11320.33 crores and R 1553.87 crores respectively as compared to R 10559.07 crores and R 1432.74 crores, in the previous financial year.

The Profit before Tax and Profit after Tax for the year under review amounted to R 1199.28 crores and R 911.29 crores respectively as compared to R 1175.05 crores and R 896.80 crores, in the previous financial year.

MANAGEMENT DISCUSSION AND ANALYSIS

The Management's Discussion and Analysis forms an integral part of this report and gives detail of the overview, industry structure and developments, different product groups of the Company, operational performance of its various business segments.

CREDIT RATING

The Company's financial discipline and prudence is reflected in strong credit rating ascribed by CRISIL as under:-

FIXED DEPOSITS

The Company has not accepted any deposits as per the provisions of the Companies Act 2013 during the financial year 2025-2026.

CHANGES IN SHARE CAPITAL

During the year under review, there was no changes in the paid- up share capital of the Company.

DIRECTORS' RESPONSIBILITY STATEMENT:

The Board of Directors acknowledge the responsibility for ensuring compliances with the provisions of Section 134(3)(c) read with Section 134(5) of the Companies Act, 2013 in the preparation of annual accounts for the year ended on 31^st March, 2026 and state that:

• in the preparation of the annual accounts, the applicable accounting standards had been followed and there is no material departures from the same;

• the Directors have selected such accounting policies and applied consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31^st March, 2026 and of the profit of the Company for the year ended on that date;

• the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

• the Directors have prepared the annual accounts on a going concern basis;

• the Directors have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively; and

• the Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively;

CORPORATE GOVERNANCE

The Company has taken the requisite steps to comply with the recommendations concerning Corporate Governance.

A separate report on Corporate Governance together with a certificate from the auditors of the Company regarding compliance of conditions of Corporate Governance as stipulated under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 forms part of this Annual Report.

ENERGY CONSERVATION, TECHNOLOGYABSORPTION AND FOREIGN EXCHANGE EARNING / OUTGO

Information on conservation of energy, technology absorption, foreign exchange earnings and outgo required to be given pursuant to Section 134(3) (m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014 is annexed herewith as Annexure - I to this report.

PARTICULARS OF EMPLOYEES AND RELATED DISCLOSURES

The prescribed particulars of Employees required under Section 197(12) of the Companies Act, 2013 read with Rule 5(1) of the as Annexure - II to this Report.

The information required under Section 197(12) of the Companies Act, 2013 read with Rule 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and forming part of the Boards' Report for the year ended 31^st March, 2026 is given in the separate Annexure of this Report.

The Annual Report excluding the aforesaid Annexure is being sent to the Members of the Company in terms with the provision of Section 136 of the Companies Act, 2013. Members who are interested in obtaining these particulars may write to the Company Secretary at the Registered Office of the Company. The aforesaid Annexure is also available for inspection by Members at the Registered Office of the Company, 21 days before the 84^th Annual General Meeting and up to the date of the ensuing Annual General Meeting during the business hours on working days.

CONSOLIDATED FINANCIAL STATEMENT

The consolidated financial statements of the company & its subsidiary & associate which form part of Annual Report have been prepared in accordance with section 129(3) of the Companies Act, 2013. Further, a statement containing the salient features of the Financial Statement of Subsidiary Company & Associate Company in the prescribed format AOC-I is annexed herewith as Annexure - III to this Report. The statement also provides the details of performance and financial position of the Subsidiary Company & Associate Company.

The Consolidated net profit after tax of the company R 953.98 crores for the financial year ended 31^st March, 2026 as compared to R 960.88 crores for the previous financial year ended 31^st March, 2025.

Additional details regarding performance of the Associate Company & Subsidiary Company have been mentioned in the succeeding paragraphs.

ASSOCIATE COMPANY - SUPREME PETROCHEM LIMITED (SPL)

Consolidated Net Revenue and Net Profit of that Company for the year ended 31^st March, 2026 was R 5449.78 crores and R 329.90 crores, as against R 6096.54 crores and R 390.52 crores respectively during the previous year.

During the year under review, your Company received an aggregate amount of R 57.87 crores as Dividend, including R 14.46 crores of Interim Dividend for the year 2025-2026.

SPL has acquired 100% equity stake in XMOLD Polymers Pvt. Ltd., a specialist in engineered thermoplastic compounds, as part of its strategy to strengthen downstream and value added businesses. Consequent to the acquisition of shares, XMOLD Polymers Pvt. Ltd. has become a subsidiary of the Company with effect from 17 April 2025.

During the year under review, First Line of ABS project having 70,000 TPA capacity at Amdoshi, Dist. Raigad, Maharashtra, under license from M/s Versalis S.PA. ltaty, was Successfully commissioned and production started from September, 2025.

Second phase of EPS capacity expansion project is also nearing completion and is liked to be commissioned in the second week of April 2026 leading to it's total enhanced production capacity from existing 85,000 TPA to 1,15,000 TPA.

SPL has proposed final dividend of R 8 per share in its Board meeting held on 24^th April, 2026, subject to the approval of shareholders, which would entitle the Company to receive an amount of R 46.30 crores as dividend during the year 2026-27.

SUBSIDIARY COMPANY

In F.Y. 2025-2026, international sales increased in value terms engulfing new geographies with a growth of about 10%. Efforts are on to increase the geographical reach resulting in the opening of business in new countries and territories. Economic conditions impacted expected growth and execution of large projects still remain slow.

Due to evolving geo-economic situation, exports from India to Europe, USA & erstwhile USSR countries is expected to improve in coming years. During F.Y. 2026-2027, Supreme is making focussed efforts by deploying more human resources to capture such new opportunities. Further, volume growth is also envisaged from expansion of business in current markets, by introducing new products & capturing high value project orders. An ongoing process of product improvement & obtaining product conformity certificates to varied international standards will continue substantiating commitment of Supreme towards quality. Supreme continues to participate in various international exhibitions & conferences to raise awareness as a potential leading brand in piping product segment and getting encouraging response.

MATERIAL SUBSIDIARY

The Board of Directors of the Company had adopted a Policy for determining material subsidiary company in line with the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The Policy is uploaded on the Company's website at www. supreme.co.in. Presently there is no material subsidiary company.

DIRECTORS APPOINTMENT / RE APPOINTMENT

Shri VK. Taparia Executive Director (00112567) of the Company, retires by rotation at the forthcoming Annual General Meeting in accordance with provision of the Companies Act, 2013 and being eligible, offers himself for re-appointment in terms of Section 152(6) and 196(3) of the Companies Act 2013, up to expiry of his present term of office i.e. up to 30^th September, 2027.

CESSATION

The Board of Directors condoled the sad demise on 30^th January, 2026, of Shri B.L. Taparia, a sitting Member of the Board of Directors and Chairman of the Company. Shri B.L. Taparia had been a Member of the Board of Directors of the Company since 15^th June, 1977. Shri B.L. Taparia was elected as Chairman of the Company on 27^th October, 1994. He had significantly contributed to the setting up of strategies/policies conducive to the growth and successful working of the Company. As a Member of CSR Committee, he spearheaded the CSR activities of the Company.

The Board places on record its appreciation for his highly valuable contribution to the performance of the Company.

KEY MANAGERIAL PERSONNEL

Shri M P Taparia, Chairman & Managing Director, Shri P C Somani, Chief Financial Officer and Shri R J Saboo, VP (Corporate Affairs) & Company Secretary were appointed as Key Managerial Personnel of your Company, in accordance with the provisions of Section 203 of the Companies Act 2013 and there is no change in the same during the year under review.

a. Board Meetings:

The Board of Directors met on 7 occasions virtually/ physically during the year ended 31^st March, 2026, in accordance with the provisions of the Companies Act, 2013 and rules made there under. The details thereof are given in the Corporate Governance Report.

PARTICULARS OF LOANS, GUARANTEES, INVESTMENTS AND SECURITIES

The company has complied with the provisions of section 185 & 186 of the Act to the extent applicable, with respect to the loans and investments made.

VIGIL MECHANISM POLICY FOR THE DIRECTORS AND EMPLOYEES

A "Vigil Mechanism Policy" for Directors and employees of the Company is constituted, to provide a mechanism which ensures adequate safeguards to employees and Directors from any victimization on raising of concerns by them of any violations of legal or regulatory requirements, incorrect or misrepresentation of any, financial statements and reports, etc.

RISK MANAGEMENT POLICY

Your Company has an elaborate risk Management procedure and adopted a systematic approach to mitigate risk associated with accomplishment of objectives, operations, revenues and regulations. Your Company believes that this would ensure mitigating steps proactively and help to achieve stated objectives. The entity's objectives can be viewed in the context of four categories viz Strategic, Operations, Reporting and Compliance. The Company consider activities at all levels of the organization, viz. Enterprise level, Division level, Business unit level and Subsidiary level, in Risk Management framework. The Risk Management process of the Company focuses on three elements, viz. (1) Risk Assessment; (2) Risk Management; (3) Risk Monitoring.

A Risk Management Committee is constituted which has been entrusted with the responsibility to assist the Board in

(a) Overseeing and approving the Company's enterprise risk management framework; and (b) Overseeing that all the risk that the organization faces are properly addressed.

The key risks and mitigating actions are also placed before the Audit Committee of the Company. Significant audit observations and follow up actions thereon are reported to the Audit Committee. The Audit Committee reviews adequacy and effectiveness of the Company's internal control environment and monitors the implementation of audit recommendations, including those relating to strengthening of the Company's risk management policies and systems.

CORPORATE SOCIAL RESPONSIBILITY POLICY

The brief outline of the Corporate Social Responsibility (CSR) Policy of the company and the initiatives undertaken by the company on CSR activities during the year are set out in Annexure of this Report in the format prescribed in the Companies (Corporate Social Responsibility Policy) Rules 2014. Annexure VII (A), (B) & (C1 & C2).

The Policy is available on the website of the Company i.e. www. supreme.co.in.

BUSINESS RESPONSIBILITY AND SUSTANIBILITY REPORT

The Business Responsibility and Sustainability Report (BRSR) as approved by the Business Responsibility and Sustainability Committee and Board of Directors for F.Y. 2025-26, forms part of this Annual Report.

DISCLOSURE AS PER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

The Company has zero tolerance towards sexual harassment at the workplace and have a policy on prevention, prohibition and redressal of sexual harassment at workplace in line with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the Rules thereunder. As required under law, an Internal Complaints Committee has been constituted for reporting and conducting inquiry into the complaints made by the victim on the harassments at the work place. During the year under review, there were no cases filed pursuant to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

DISCLOSURE OF MATERNITY BENEFIT COMPLIANCE

Your Company is in compliances of Maternity Benefit Act, 1961 for the year under review.

ANNUAL RETURN

Pursuant to the provisions of Section 134(3)(a) and Section 92(3) of the Act read with Rule 12 of the Companies (Management and Administration) Rules, 2014, the extract of the Annual Return of the Company for the previoius Financial Year is uploaded on the website of the Company and can be accessed at www. supreme.co.in.

GENERAL DISCLOSURE

Your Directors state that no disclosure or reporting is required in respect of the following items as there were no transactions on these items during the year under review:

1. Details relating to deposits covered under Chapter V of the Act.

2. Issue of equity shares with differential rights as to dividend, voting or otherwise.

3. Issue of shares (sweat equity shares) to employees of the Company under ESOS.

4. Neither the Managing Director nor the Whole Time Directors of the Company received any remuneration or commission from its subsidiary.

5. No significant or material orders were passed by the Regulators or Courts or Tribunals which impact the going concern status and Company's operations in future.

ACKNOWLEDGEMENT

The Board of Directors wishes to express its gratitude and record its sincere appreciation for the commitment and dedicated efforts put in by all the employees at all the levels during the year. Your Directors take this opportunity to express their grateful

appreciation for the encouragement, co-operation and support received by the Company from the local authorities, bankers, customers, suppliers and business associates. The directors are thankful to the esteemed shareholders for their continued support and the confidence reposed in the Company and its management.