East India Drums & Barrels Manufacturing Ltd Directors Report

To
The Members,

We are pleased to present the 45th Annual Report of the Company as follows:

Financial Results:
(Amount in Lakhs)

Particulars	Year ended 31.03.2026	Year ended 31.03.2025
Income	25019.51	27217.69
Profit/(Loss) Before Depreciation, Finance Charges and Taxation	1882.05	1510.07
Profit/(Loss) before Depreciation and Taxation	1039.57	741.81
Profit/(Loss) after Depreciation and Taxation	467.41	360.12
Balance carried over to Balance sheet	467.41	360.12

Dividend

During the Financial Year 2025-26, the Board of Directors declared two Interim Dividends on the equity shares of the Company. The first Interim Dividend of ?1.00 per equity share (face value ?10 each) was declared for the quarter ended June 30, 2025, and the second Interim Dividend of ?0.50 per equity share (face value ?10 each) was declared for the quarter ended September 30, 2025.

Indian Accounting Standards

The Financial Statements of the Company for the Financial Year ended March 31, 2026 have been prepared in accordance with the Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015, as amended.

Amount transferred to Reserves
The Board of Directors has not proposed to transfer any amount to its reserve for financial year 2025-26.

Nature of Industry
The Company is directly engaged in the business of manufacturing of Drums and Barrels.

Statement of Company Affairs
In view of tough competition from local and international market, the company is making all efforts to increase the activities.

During the year ended 31st March, 2026, your company has made Profit after tax of Rs. 467.41 lakhs as against Profit of Rs. 360.12 lakhs in the previous year.

Material Changes since end of Financial Year till date of this Report

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

Deposits
The Company has neither accepted nor renewed any deposits from the public within the meaning of Sections 73 to 76 of the Companies Act, 2013 read with the Companies (Acceptance of Deposits) Rules, 2014 during the year under review.

Associate Companies, Subsidiaries and Joint Ventures
As on 31 March 2026, the Company does not have any subsidiary, associate company or joint venture.

Borrowings
During the Financial Year 2025-26, the Company availed certain credit facilities from banks and financial institutions for meeting its business and operational requirements. The details of such borrowings are disclosed in the Financial Statements forming part of this Annual Report.

Particulars of Loans, Guarantees and Investments
Particulars of the loans, Investments, or guarantees or security provided covered under 186 of Companies Act, 2013 are disclose in the notes forming part of the Financial Statement.

Particulars on Change in Business
There was no change in the business operations of the Company during the period under review.

Voluntary Revisions of Financial Statements
The Company has not made any Voluntary Revision of Financial Statements during the Financial Year 2025-2026.

Web Address
The Companys website is www.eidb.in and all the data, including Annual Report and various others matters are displayed on our website.

Annual Return
Pursuant to Section 92(3) of the Companies Act, 2013 and Rule 12 of the Companies (Management and Administration) Rules, 2014, the Annual Return has been disseminated on the Companys website and can be accessed at www.eidb.in under Investor Relation.

Statutory Auditors
At the 43rd AGM of the Company held on August 26, 2024, the Members had appointed M/s. Dhiraj and Dheeraj (Firm Registration Number 102454W), as the Auditors of the Company, for a term of 5 years to hold the office until the conclusion of the 47th AGM to be held in the year 2029.

Cost Auditor
Pursuant to the provisions of Section 148 of the Companies Act, 2013 read with the Companies (Cost Records and Audit) Rules, 2014, the Board of Directors, On the recommendation of the Audit Committee the Company has appointed M/s. Raja Dutta and Co., Cost Accountants, FRN 101555 as the Cost Auditor for the financial year 2026-27, subject to ratification of their remuneration by the Members, wherever applicable.

Secretarial Audit Report
The Secretarial Auditors Report dated July 22, 2026 issued by M/s. Pranay Mandhana and Associates are attached in ANNEXURE IV forming part of Directors Report. As regards the Qualification, the same are self-explanatory.

Qualification/adverse remarks, if any, of the Auditor are self-explanatory and do not require any further comments from the side of management.

Conservation of Energy, Technology Absorption, Foreign Exchange Earning and Outgo
Information in accordance with Section 134(3)(m) of the Companies Act, 2013 read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 2014 is given as below. The disclosure of particulars with respect to Conservation of Energy is not applicable in the case of your Company.

Particulars as required under Companies (Disclosure of Particulars in the Report of Directors) Rules, 1988 and forming part of Directors Report for the year ended 31st March, 2026.

Sr.no.	Particulars	Current Year (Rs.)	Previous Year (Rs.)
I.	RESEARCH and DEVELOPMENT (R and D)	-	-
a)	Specific areas in which R and D carried out by the Company	-	-
b)	Benefits derived as a result of the above RandD (Generation of Solar)	-	-
c)	Further plan of action:-	-	-
d)	Expenditure on Research and Development	-	-
II	TECHNOLOGY ABSORPTION, ADAPTATION and INNO-VATION	-	-
a)	Efforts in brief made towards Technology, Absorption, Adaptation and Innovation	-	-
b)	Benefit derived as a result of solar*	-	-
c)	Particulars of Technology (solar) Amount, spent * Saving in Electricity consumption will be continuously available to the Company	2.11	2.19
III	FOREIGN EXCHANGE EARNINGS and OUTGO	-	-
a)	Activities relating to exports and export plans	-	-
b)	Total Foreign Exchange Used and Earned:	-	-
	i) Foreign Exchange Used	-	-
	ii) Foreign Exchange Earned	5.55	5.61

Stock Exchange
The Company is listed on the Bombay Stock Exchange and has duly paid Listing Fees for the year 2026-2027 within the prescribed time.

Board of Directors and KMPS
As on March 31, 2026, our Board of Directors and KMP are as under:

Sr. No.	Name	Designation	Date of Appointment	Date of cessation
1	Mr. Madhav Jayesh Valia	Director	29-03-2024	NA
2	Mrs. Madhu Kanadia	Independent (Women) Director	26-08-2024	NA
3	Mr. Hitendrakumar Ranka	Independent Director	26-08-2024	NA
4	Mr. Dayanand Sahane	Independent Director	26-08-2024	NA
5	Mr. Jayesh Palsanekar	CFO	01-04-2019	NA
6	Mr. Shrikant Kabra	Company Secretary and Compliance Officer	10-08-2024	17-04-2025
7	Mrs. Mayuri Choudhary	Company Secretary and Compliance Officer	16-06-2025	NA

Audit Committee
Pursuant to the provisions of Section 177 of the Companies Act, 2013 and Regulation 18 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has constituted an Audit Committee. As on 31 March 2026, the Audit Committee comprised the following members:
Mr. Hitendrakumar Ranka (Chairperson)
Mrs. Madhu Kanadia
Mr. Dayanand Sahane

The composition of the Audit Committee is in compliance with the applicable provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Further details of the Audit Committee, including the meetings held during the year, are provided in the Corporate Governance Report in ANNEXURE II forming part of this Annual Report.

Reporting of Fraud
The Auditors of the Company have not reported any instances of Fraud committed against the Company by its officers or employees as specified Under Section 143(12) of the Companies Act, 2013.

Familiarization Programme
The details of program for familiarization of Independent Directors with the Company, their roles, rights, responsibilities in the Company, nature of the industry in which the Company operates, business model of the company and related matters are put on the website of the company at www.eidb.in.

Risk Management
Pursuant to Section 134(3)(n) of the Companies Act, 2013, the Company has adopted a Risk Management Policy for the identification and implementation of a Risk Mitigation Plan for the Company. The company has included appropriate procedures to inform the Board about the Risk Assessment and minimization procedures. The Board periodically revisits and reviews the overall Risk Management Plan for making desired changes in response to the dynamics of the business.

Remuneration Policy
The Company has formulated a Remuneration Policy pursuant to Section 178 of the Act and the Listing Regulations. The Policy is provided as Annexure III to this Report.

Vigil Mechanism and Whistleblower Policy
Pursuant to Section 177 of the Companies Act, 2013 and Regulation 22 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, details in respect of Vigil Mechanism and Whistle Blower Policy are provided in the Corporate Governance report forming Part of this Report.

Significant and Material Orders passed by the Regulatory/Judicial Body
There are no significant materials orders passed by The Regulatory or Courts or Tribunal, which would impact the going concern status of the company and in its future.

Corporate Social Responsibility
The provisions of Corporate Social Responsibility are not applicable to the Company during the financial year 2025-26.

Board Evaluation
In terms of the provisions of Section 134(3)(p) of the Companies Act, 2013 and Regulation 17(10) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has carried out an annual performance evaluation of its own performance, individual Directors, Chief Financial Officer, Company Secretary as well as the evaluation of the working of its Board Committees. Performance evaluation of Independent Directors was done by the entire Board, excluding the Independent Directors being evaluated.

The above criteria are broadly based on the Guidance Note on Board Evaluation issued by the Securities and Exchange Board of India on January 5, 2017.

Internal Control Systems
The Company has got internal control system commensurate to the size and the systems and operations. It is supplemented by extensive internal audit procedures, reviewed by Management and Audit Committee. The internal audit covers all the activities of the company. Company reviews findings of internal audit system on regular basis and they are upgraded based on internal audit recommendations. Your companys statutory Auditors have confirmed the adequacy of internal control systems.

Directors Responsibility Statement under Section 134 (5)
The Board of Directors of the Company confirm that:

1. The preparation of the Annual Account, the applicable accounting standards have been followed and wherever required, proper explanations relating to material departures have been given.

2. Selected such accounting policies and applied them consistently and made judgements 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 or loss of the Company for that period.

3. Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

4. The Accounts have been prepared on a going concern basis.

5. The Company had laid down internal financial controls and such internal financial controls are adequate and were operating efficiently.

6. The Company had devised proper system to ensure compliance with the provisions of all applicable laws and such systems were adequate and operating efficiently.

All documents referred to in the accompanying Notice are open for inspection at the Registered Office of the Company during the office hours of the Company on any working days From September 28, 2026 to September 30, 2026, between 12.00 noon to 4.00 p.m.

Particulars of Remuneration of Directors/ KMPs/Employees
The details as required under Sec.197 of the Companies Act, 2013, and Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel).

Details of remuneration paid to Directors during the FY 2025-2026:

Sr. No.	Name	Designation
1.	Mr. Madhav Jayesh Valia Managing Director	Rs. 84.00 lacs
2.	Mrs. Madhu Nitin Kanadia Independent (Non-Executive) (Women Independent Director	Only Allowances are paid for attending the Board /Committee Meetings.
3.	Mr. Hitendrakumar Ranka Independent Director
4.	Mr. Dayanand Sahane Independent Director

Details of remuneration paid to Key Managerial Personnels during the FY 2025-2026:

Sr. No.	Name	Salary (Rs. In Lacs.)	% increase/ decrease in remuneration
1.	Mr. Jayesh Palsanekar (CFO)	4.29	NA
2.	Mrs. Mayuri Choudhary (CS and Compliance Officer)	9.31	NA

Directors seeking Appointments and Re-appointment
Disclosure pursuant to Regulation 36 of SEBI (LODR) Regulation 2015 of the Directors proposed to be appointed in the AGM are enclosed separately.

Change in Directors and Key Managerial Personnels
A. Appointment of Non-Executive Independent Director
No changes during the year

B. Change in Key Managerial Personnels
Mr. Shrikant Kabra has resigned office with effect from April 16, 2025 and Mrs. Mayuri Choudhary was appointed as a Company Secretary and Compliance officer w.e.f. June 16, 2025.

The Board places on record the valuable services rendered by them during their tenure of services with the Company.

Compliance with the Sexual Harassment with Women at Workplace (Prevents, Prohibition and Redressal) Act, 2013
The Company has constituted an Internal Complaints Committee in accordance with the requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. The Company has adopted a Policy on Prevention of Sexual Harassment which is in line with the provisions of the Act and is applicable to all employees of the Company. The policy ensures a safe working environment by providing a mechanism for the redressal of complaints pertaining to sexual harassment.

During the year under review, the Company has conducted awareness programs and training sessions for employees and members of the Internal Complaints Committee. No complaints were received or pending as on March 31, 2026.

Compliance under the Maternity Benefit Act, 1961
The Company is fully compliant with the provisions of the Maternity Benefit Act, 1961. All eligible women employees are granted maternity leave and other prescribed benefits in accordance with the Act. The Company continues to promote a supportive and inclusive work environment for women and has made the necessary statutory disclosures and filings as required under applicable laws and the latest MCA guidelines.

Management Discussion and Analysis Report Overall (MD and A)
The Management Discussion and Analysis Report, which provides a detailed account of the state of affairs of the Company, forms part of this Annual Report and is annexed as Annexure I.

Corporate Governance Report
A Report on Corporate Governance, along with a Certificate from the Auditors of the Company regarding compliance with the conditions of Corporate Governance as stipulated under Part E of Schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, forms part of this Annual Report and is annexed as Annexure II.

Since the details regarding composition and meetings of the Board of Directors and its committee are covered under the Corporate Governance Report, the same are not repeated here for the sake of brevity.

Compliance with the Provisions of Secretarial Standard
The Company has complied with the applicable Secretarial Standard i.e. SS-1 and SS-2 relating to the meetings of the Board of Directors and General Meetings have been duly complied by the company.

Insider Trading Regulations and Code of Disclosure
The Board of Directors have adopted the Code of Practice and procedures for fair disclosure of Unpublished Price Sensitive Information and Code of Internal Procedures and conduct for Regulating Monitoring and Reporting of Trading by Insiders in accordance with the requirements of the SEBI (Prohibition of Insider Trading) Regulation 2015.

Related Party Transactions
All transactions with related parties during the financial year 2025-26 were reviewed and approved by the Audit Committee and are in accordance with the Policy on dealing with materiality of Related Party Transactions and the Related Party Framework, formulated and adopted by the Company. Prior omnibus approval of the Audit Committee is obtained on a yearly basis for the transactions which are of unforeseen and repetitive nature. The transactions entered into pursuant to the omnibus approval so granted are audited and a statement giving details of all related party transactions is placed before the Audit Committee for their approval on a quarterly basis.

The Company in terms of Regulation 23 of the Listing Regulations shall submit on the date of declaration of its financial results for the half year, disclosures of related party transactions on a consolidated basis, in the format specified in the relevant accounting standards to the stock exchanges. The Related Party Transactions Policy is available on the Companys website at www.eidb.in

All the Related Party Transactions entered by the Company during the year ended March 31, 2026, were at arms length and in the ordinary course of business. The Company has not entered into transactions with the Promoters, Directors and Key Managerial Personnel, which may have potential conflict of interest with the Company.

Particulars of contracts or arrangements with the related parties as prescribed in Section 188 of the Act is provided in the financial statements in Form AOC-2 (Annexure VII). All the Related Party Transactions as required under the applicable Accounting Standards are reported in the financial statements.

Green Initiatives
Electronic copies of the Annual Report 2025-2026 and the Notice of the AGM are sent to all the members whose email address are registered with the R and T Agents i.e. MUFG Intime India Private Limited.

Acknowledgements
Your directors place on records their sincere thanks to the State and Central Government for their co-operation and dedicated and devoted services rendered by the employees of the Group of Company at all levels. Your directors also thank the Bankers, customers, Stakeholders and the suppliers of services to your Company for their co-operation and valuable support.

East India Drums and Barrels Manufacturing Limited

sd/-

Madhav J. Valia

Managing Director

DIN: 03381853

sd/-

Madhu Kanadia

Director

DIN: 07049292

Place: Mumbai

Date: August 13, 2026