The Directors are pleased to present this 39^th Annual Report and the Audited Statement of
Accounts for the year ended 31^st March, 2026.

1. FINANCIAL RESULTS

The consolidated Financial Statements of the Company and its associate, prepared in
accordance with Indian Accounting Standards (IND AS) including the Rules notified
under the relevant provisions of the Companies Act, 2013, form part of the Annual
Report and Accounts.

2. DIVIDEND AND RESERVES

Your Directors have recommend for approval of the Members at the ensuing Annual
General Meeting, dividend @ 5% ie. Re.0.50 paise per equity share of Rs. 10/- each, for
the financial year ended 31^st March, 2026 (Previous year 2024-2025: Dividend on Equity
Shares @ 5% i.e. Re. 0.50 paise per equity share). The quantum of dividend to be paid
is Rs. 77.46 Lakhs. The dividend will be paid in compliance with the applicable rules and
regulations.

No amount was transferred to General Reserve during the year.

3. SHARE CAPITAL

The paid up Equity Share Capital of the Company as on 31^st March, 2026 is Rs.
15,49,38,520/- . The Company has not issued any new equity shares during the year.

4. LISTING FEES

The Company has paid the Listing Fees for the financial year 2026-2027 to each of the
Stock Exchanges, where its equity shares are listed.

5. PERFORMANCE OF THE COMPANY

During the year, total income of the Company was Rs. 12,701.26 Lakhs as against Rs.
11,751.66 Lakhs in the previous year i.e. a increase of about 8.08 %. The PBT stood at
Rs. 939.48 Lakhs as against Rs. 1,121.33 Lakhs in the previous year and PAT at Rs.
697.00 Lakhs against Rs. 800.97 Lakhs in the previous year.

As in the previous year, the Company's focus continues to be on job work and local sales
as against exports. During the year, the turnover thereof contributed to Rs. 11550.42
Lakhs (job work and local sales) as against Rs. 11,724.53 Lakhs in the previous year.

There has been no change in the business of the Company during the year as compared
to the previous year.

6. SUBSIDIARY / ASSOCIATES / JOINT VENTURE COMPANIES

The Company does not have any Subsidiary and Joint Venture Company. However, the
Company has formulated policy for determining material subsidiary and the same may
be accessed on the website of the company - www.weizmann.co.in .

Windia Infrastructure Finance Ltd is the only Associate Company. In accordance with
Section 136 of the Companies Act, 2013 read with Rule 10 of The Companies
(Accounts) Rules, 2014, a Company may forward statement of accounts containing the
salient features in the prescribed form and simultaneously ensure that copies of the
financial statements including consolidated financial statements along with Auditors
Report, Directors Report and other documents that are required to be attached are
annexed with the financial statements and made available for inspection at the registered
office of the Company, during working hours for a minimum period of 21 days prior to the
meeting of the shareholders. Accordingly, Accounts in the Abridged Form as prescribed
in Form AOC-3A of the subject rules are being forwarded to all the members of the
Company with complete set of financial statements available on the website of the
Company www.weizmann.co.in. Also, salient features in the financial statement of
associate company compiled in Form AOC-1 of the subject Rules are attached to the
financial statements.

No Company became or ceased to be an Associate during the year under review.

7. DIRECTORS AND KEY MANAGEMENT PERSONNEL

In accordance with the provisions of the Section 152(6)(e) of the Companies Act, 2013,
Shri. Chetan D Mehra (DIN : 00022021), Director of the Company, will retire by rotation
at the ensuing Annual General Meeting and being eligible, offers himself for
reappointment.

Shri. Suryanarayanarao Narendra (DIN: 00417828) was appointed as an Additional
Director of the Company (Non-Executive and Independent) for a period of 5 years with
effect from 12th August, 2025, subject to the approval of Shareholders in the Annual
General Meeting to be held in 2025. The Shareholders at the Annual General Meeting
held on 25^th September, 2025 approved the appointment of Shri. Suryanarayanarao
Narendra as an Non-Executive and Independent Director of the Company for a period of
5 years with effect from 12^th August, 2025.

Shri Balady S Shetty (DIN: 01262317) completed his second and final term as an
Independent Director of the Company and consequently ceased to be a Director of the
Company w.e.f. the close of business hours on 25th September, 2025. The Board of
Directors and the Management of the Company expressed deep appreciation and
gratitude to Shri Balady S Shetty for his extensive contribution and stewardship.

During the year under review, the Members approved the continuation of directorship of
Shri. Dharmendra Gulabchand Siraj (DIN: 00025543) as a Non-Executive Non¬
Independent Director of the Company post attaining the age of 75 years through Postal
Ballot.

8. BOARD AND COMMITTTEE MEETINGS

The Board of Directors had 5 (five) meetings during financial year 2025-2026. Necessary
quorum was present for all the meetings.

There have been no instances during the year where recommendations of the Audit
Committee were not accepted by the Board.

The details of the composition of the Board and its Committees and the number of
meetings held and attendance of Directors at such meetings are provided in the
Corporate Governance Report, which forms part of the Annual Report.

9. STATEMENT INDICATING THE MANNER IN WHICH FORMAL EVALUATION HAS
BEEN MADE BY THE BOARD OF ITS OWN PERFORMANCE AND THAT OF ITS
COMMITTEES AND INDIVIDUAL DIRECTORS

Pursuant to provisions of the Companies Act and the Listing Regulations, the Board has
carried out the annual performance evaluation of its own performance, performance of
the Chairman, the Committees and independent Directors without participation of the
relevant Director. The Nomination and Remuneration Committee of the Board
continuously evaluates the performance of the Board and provides feedback to the
Chairman of the Board. The independent directors had a separate meeting without the
presence of any non independent directors and management and considered and
evaluated the Board's performance, performance of the Chairman and other non
independent directors and shared their views with the Chairman. The Board had also
separately evaluated the performance of the Committees and independent directors
without participation of the relevant director.

10. ANNUAL RETURN AS PER SECTION 92(3) OF COMPANIES ACT, 2013

The Annual Return in the Form MGT-7 as at 31^st March, 2026 pursuant to Section 92(3)
of the Companies Act, 2013 is available on the website of the Company at
www.weizmann.co.in

11. DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to Section 134(3) of the Companies Act, 2013, your Directors confirm:

i) that in the preparation of the annual accounts, the applicable accounting standards
had been followed along with proper explanation relating to material departures;

ii) that the Directors had selected such accounting policies and applied them
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 at the end of the
financial year and of the profit of the Company for that period;

iii) that the Directors had 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 for preventing and detecting fraud and other
irregularities;

iv) that the Directors had prepared the annual accounts on a going concern basis.

v) that the Directors had laid down internal financial controls to be followed by the
Company and that such financial controls are adequate and were operating
effectively;

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

12. STATEMENT OF DECLARATIONS GIVEN BY INDEPENDENT DIRECTORS

All the Independent Directors of the Company have given their declarations to the
Company under Section 149(7) of the Act that they meet the criteria of independence as
provided under Section 149(6) of the Act and Regulation 16(1)(b) of Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,
2015 ('the Listing Regulations'). In the opinion of the Board, they fulfil the conditions of
independence as specified in the Act and the Listing Regulations and are independent of
the management. The Independent Directors have also confirmed that they have
complied with the Company's Code of Business Conduct & Ethics.

13. COMPANY’S POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION
INCLUDING CRITERIA FOR DETERMINING QUALIFICATIONS, POSITIVE
ATTRIBUTES, INDEPENDENCE OF A DIRECTOR, KEY MANAGERIAL PERSONNEL
AND OTHER EMPLOYEES

The Company has constituted a Nomination and Remuneration Committee with the
responsibilities of formulating the criteria for determining qualifications, positive attributes
and independence of a director and recommend to the Board a policy relating to the
remuneration for the directors, Key Managerial Personnel and other employees;
formulating criteria for evaluation of independent directors and the Board; Devising policy
on Board diversity; Identifying persons who are qualified to become directors and who
may be appointed in senior management in accordance with the criteria laid down and
recommend to the Board their appointment and removal.

Appointment and Remuneration of Managing Director is subject to approval by members
in General Meeting and shall be in accordance with Schedule V of Companies Act, 2013
and ceiling as per Section 197 of the Act. Appointment of Independent Directors is
subject to satisfaction of conditions u/s. 149(6) of the Companies Act, 2013. The
Independent Directors shall be governed by Code of Conduct detailed in Schedule IV of
the Companies Act, 2013.

The personnel selected as Board Member or Key Management Personnel or other
senior personnel of the Company is based on their requisite qualifications, skills,
experience and knowledge in the relevant fields.

Remuneration policy of the Company includes fixation of remuneration and annual
increments based on performance, knowledge, position, target achievement, Company's
business plans, market environment and the remuneration is segregated into monthly
fixed payments, annual payments, contribution to social and retirement benefits,
reimbursement of expenses incurred for discharge of official duties, annual bonus,
welfare schemes like insurance on health for self and family, accident benefits, tying up
with agencies for managing retirement benefits like gratuity, pension schemes, etc.

The remuneration policy as above is also available on the website of the Company-
www.weizmann.co.in .

14. PARTICULARS OF THE EMPLOYEES AND INFORMATION CALLED FOR UNDER
SECTION 197 OF THE COMPANIES ACT, 2013 AND THE COMPANIES
(APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES,
2014

In terms of the provisions of Section 197(12) of the Act read with Rules 5(2) and 5(3) of
the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014,
a statement showing the names and other particulars of the employees drawing
remuneration in excess of the limits, top 10 employees in terms of remuneration drawn
and other Disclosures pertaining to remuneration are set out in the said rules are
provided in the Annual Report.

Having regard to the provisions of the proviso to Section 136(1) of the Act and as
advised, the Annual Report excluding the aforesaid information is being sent to the
members of the Company.

The said information can be made available to any member interested in obtaining such
information on request in writing to the Company Secretary.

15. DISCLOSURE OF PARTICULARS REGARDING CONVERSATION OF ENERGY,
TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

Pursuant to Section 134(3) of the Companies Act, 2013 read with Companies (Accounts)
Rules, 2014, the Report on the matters of Conservation of Energy, Technology
Absorption and Foreign Exchange Earnings and Outgo are given in Annexure I forming
part of this report.

16. FIXED DEPOSITS

Your Company has not accepted any Fixed Deposits within the meaning of Section 73 of
the Companies Act, 2013.

17. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS U/S. 186 OF THE
COMPANIES ACT, 2013

Details of loans given: NIL

Details of Investments made during the year: NIL
Details of Guarantee given: NIL

18. PARTICULARS OF CONTRACTS OR ARRANGEMENT WITH RELATED PARTIES
REFERRED TO IN SECTION 188(1) OF THE COMPANIES ACT, 2013

All Related Party Transactions that were entered during the financial year under review
were on an arm’s length basis and in the ordinary course of business and is in
compliance with the applicable provisions of the Act and the Listing Regulations. No
material Related Party Transactions were entered during the financial year by the
Company. Accordingly, there are no particulars are required to report in Form AOC-2.

All Related Party Transactions are placed before the Audit Committee for prior approval
and also before the Board in compliance with the provisions of the Act and Listing
Regulations. Prior omnibus approval of the Audit Committee is obtained for the
transactions which are repetitive in nature or when the need for them cannot be foreseen
in advance.

19. POLICY ON RELATED PARTY TRANSACTIONS

The Company has framed a policy on related party transactions and the same has been
hosted on its website at the link www.weizmann.co.in . The policy includes the specific
category of policies requiring prior approval of the Audit Committee, the Board of
Directors, Special Resolution by members at General Meeting, determining the
materiality of the related party contract both under Companies Act, 2013 and Regulation
23 of SEBI (Listing Obligations and Disclosure Requirement) Regulations 2015 and also
the procedures to be followed in complying with the statutory provisions in respect of
related party transaction, if any.

20. STATEMENT INDICATING DEVELOPMENT AND IMPLEMENTATION OF RISK
MANAGEMENT POLICY FOR THE COMPANY

The Company has framed its Risk Management Policy detailing the identification of
elements of risks, monitoring and mitigation of the risks. The Company has laid down
detailed process in planning, decision making, organizing and controlling. The Risk
Management Policy has been hosted on the Company's website: www.weizmann.co.in.

21. CORPORATE SOCIAL RESPONSIBILITY INITIATIVES

As part of its initiatives under “Corporate Social Responsibility” (CSR), the Company has
contributed funds for promoting health care including preventive health care and
promoting education especially to benefit the under privileged children. The contributions
in this regard have been made to a registered trust which is undertaking the activities
prescribed under Schedule VII of the Companies Act, 2013. The Annual report on CSR
activities is annexed as a separate Annexure II.

The Company has constituted CSR committee the details of which are given in
Corporate Governance Report and also a CSR policy is formulated which is uploaded on
the website of the Company: www.weizmann.co.in .

22. ESTABLISHMENT OF VIGIL MECHANISM

The company has in place a vigil mechanism pursuant to which a Whistle Blower Policy
is also in vogue. The Whistle Blower Policy covering all stakeholders including
employees and directors of the Company is hosted on the Company's website
www.weizmann.co.in .

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

There have been no material changes and commitments affecting the financial position
of the Company which have occurred between the end of the financial year of the
Company to which the financial statements relate and the date of report.

24. DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE
REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN
STATUS AND COMPANY'S OPERATION IN FUTURE

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

25. DETAILS IN RESPECT OF ADEQUACY OF INTERNAL CONTROLS WITH RESPECT
TO THE FINANCIAL STATEMENTS

The Company has an internal control system commensurate with the size, scale and
nature of its operation. The internal controls ensure that all its assets are properly
safeguarded and protected against loss from unauthorized use or disposal, all
transactions are authorized, recorded and reported correctly. The Company has also an
internal audit system for periodical audit of the internal control systems of the company.

26. STATUTORY AUDITORS

M/s. Batliboi & Purohit, Chartered Accountants (Firm Registration No: 101048W) were
re-appointed as Statutory Auditors of your Company at the 35^th Annual General Meeting
held on 28^th July, 2022 for a second term of five consecutive years to hold office from
the conclusion of the 35^th Annual General Meeting until the conclusion of the 40^th
Annual General Meeting of the Company to be held in the Year 2027.

The Report given by the Auditors on the financial statement of the Company is part of
this Report.

The Company has received a certificate from M/s Batliboi & Purohit, Chartered
Accountants confirming that they are not disqualified from continuing as Statutory
Auditors of the Company.

27. COST AUDITOR

The maintenance of cost records as specified by the Central Government under
sub-section (1) of section 148 of the Companies Act, 2013, is required by the Company
and accordingly such accounts and records are made and maintained.

The Board of Directors, on the recommendation of Audit Committee, has appointed
M/s. Bhanwarlal Gurjar & Co, Cost Accountants, (Firm Registration No. 101540) as Cost
Auditor to audit the cost accounts of the Company for the financial year 2026-2027.

28. SECRETARIAL AUDITOR

During the year under review, the Members approved the appointment of M/s Martinho
Ferrao & Associates, Practising Company Secretaries (Membership No. 6221) as the
Secretarial Auditors of the Company, to hold office for a term of five consecutive years
up to FY 2030.

The Company has received a certificate from M/s Martinho Ferrao & Associates,
Practising Company Secretaries confirming that they are not disqualified from
continuing as Secretarial Auditors of the Company.

29. SECRETARIAL AUDIT

The Secretarial Audit Report for the Financial Year 2025-2026 is attached as Annexure
III.

There are no adverse observation made by Secretarial Auditor.

30. STATUTORY AUDITOR’S REPORT

There are no qualifications, reservations or adverse remarks or disclaimers made by
Statutory Auditor of the Company, in its audit report.

31. AUDIT COMMITTEE OF THE COMPANY

The Audit Committee of the Company comprises of the following Directors:

* Shri. Balady S Shetty ceased to be the Independent Director of the Company w.e.f the
close of business hours on 25th September, 2025 post completion of his second and final
term as Independent Director of the Company.

# Shri. Suryanarayanrao Narendra was appointed as Non-Executive Independent Director
of the Company w.e.f 12.08.2025. He was appointed as member of the Audit Committee
with effect from 12.08.2025 and was appointed as Chairman of Audit Committee with
effect from 25th September, 2025.

The composition of the Audit Committee is in compliance with the requirements of Section
177 of the Act, Regulation 18 of the Listing Regulations as amended from time to time
and -guidance note issued by Stock Exchanges

32. TRANSFER TO INVESTOR EDUCATION AND PROTECTION FUND

a) Transfer of Unclaimed Dividend to IEPF:

As required under Section 124 of the Act, the Unclaimed Dividend amount aggregating
to Rs. 1,56,292/- pertaining to the financial year ended on 31^st March, 2018 lying with the
Company for a period of seven years were transferred during the financial year
2025-2026 to the Investor Education and Protection Fund established by the Central
Government.

b) Transfer of shares to IEPF:

As required under Section 124 of the Act, 20374 equity shares, in respect of which
dividend has not been claimed by the members for seven consecutive years or more,
have been transferred by the Company to the Investor Education and Protection Fund
Authority (IEPF) during the financial year 2025-2026. Details of shares transferred have
been uploaded on the website of IEPF as well as the Company.

33. CORPORATE GOVERNANCE

Your Company has complied with Corporate Governance as stipulated under SEBI
(Listing Obligations and Disclosure Requirements), Regulations 2015. A report on
Corporate Governance is annexed as a separate Annexure IV. Auditors Certificate
confirming compliance of the Corporate Governance is appended to the Report on
Corporate Governance.

34. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Management Discussion and Analysis Report as required under the Listing Regulations
with the Stock Exchanges is annexed as Annexure V forming part of this report.

35. REPORTING OF FRAUDS

There was no instance of fraud during the year under review, which required the
Statutory Auditors to report to the Audit Committee and / or Board under Section 143(12)
of the Act and the rules made thereunder.

36. DISCLOSURE ON COMPLIANCE WITH SECRETARIAL STANDARDS

Your Directors confirm that the Secretarial Standards issued by the Institute of Company
Secretaries of India, have been complied with.

37. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORK PLACE
(PREVENTION, PROHIBIITION AND REDRESSAL) ACT, 2013

The Company has in place an Anti Sexual Harassment Policy in line with the
requirements of The Sexual Harassment of Women at the Workplace (Prevention,
Prohibition & Redressal) Act, 2013.

Internal Complaints Committee (ICC) has been set up to redress complaints received
regarding sexual harassment. All employees (permanent, contractual, temporary,
trainees) are covered under this policy.

The details of complaints received, disposed and pending, during FY 2025-2026 are as
follows:

38. COMPLIANCE WITH MATERNITY BENEFIT ACT, 1961

The Company is compliant with the applicable provisions of the Maternity Benefit Act,
1961 and has policies, systems and processes in place to ensure ongoing compliance.

39. ACKNOWLEDGEMENT

Your Directors express their grateful appreciation for the assistance and co-operation
received from Government Authorities, Bankers, Lending Institutions, Suppliers and
Customers during the year under review. Your Directors place on record their
appreciation for the committed services of the executives and staff of the Company.

For and on behalf of the Board

Dharmendra G Siraj

Chairman

DIN: 00025543

Place : Mumbai
Date : 28^th May, 2026