The discussion hereunder covers the Companys performance and its business outlook for the future. This outlook is based on an assessment of the current business environment and Government policies. Changes in future economic and other developments are likely to cause variation in this outlook.

The Managements views on the Companys performance and outlook are discussed below:

ECONOMIC OVERVIEW-GLOBAL AND INDIA

Global Economy:

The conflict in the Middle East has triggered sharp energy price increases, renewed inflation, and tighter monetary policy globally. According to the World Banks Global Economic Prospects report (June 2026), global growth is forecast to slow to 2.5% in 2026, down from 2.9% in 2025, before improving to 2.8% in 2027 as energy supplies recover and trade strengthens. Forecasts for nearly two-thirds of the worlds economies have been downgraded relative to projections made earlier in the year. Average oil prices are projected at around USD 94 per barrel in 2026, with the risk of a sharper spike should the conflict persist and disrupt supply through the Strait of Hormuz.

Risks to the outlook remain tilted to the downside and include escalating geopolitical hostilities, further commodity market disruptions, weaker-than-expected growth in major economies with adverse global spillovers, and extreme weather events. On the upside, broader adoption of artificial intelligence (AI) and a durable resolution of trade tensions among major economies could support a stronger recovery. The ongoing global headwinds underscore the need for coordinated multilateral policy efforts to restore a more predictable and transparent environment for trade, alongside national measures to contain inflation, strengthen fiscal positions, and support job creation.

(Source: https://www.worldbank.org/en/news/press-release/2026/06/11/global-economic-prospects-june-2026-press-release )

Indian Economy Outlook:

India continues to be positioned among the fastest-growing major economies in the world. The Indian economy expanded by 7.6% in real terms during FY 2025-26, revised higher from earlier estimates, marking one of its sharpest annual growth rates in recent years and reinforcing Indias position as the fastest-growing economy among G20 nations, supported by resilient private consumption, strong gross fixed capital formation, and sustained Government capital expenditure.

In its June 2026 monetary policy statement, the Reserve Bank of India projected real GDP growth for FY 2026-27 at 6.6%, with quarterly growth estimated at 6.6% in Q1, 6.3% in Q2, 6.5% in Q3, and 6.8% in Q4, reflecting continued support from domestic demand, services sector growth, and steady private consumption, even as global supply chain disruptions and elevated energy prices pose risks to the outlook. The Monetary Policy Committee kept the policy repo rate unchanged at 5.25%, balancing the need to support growth against the risk of rising inflation.

CPI inflation, which remained below the RBIs target at 3.4% and 3.5% in March and April 2026 respectively, is projected to rise gradually over FY 2026-27 to an average of around 5.1%, on account of a sharp increase in global crude oil prices - with the Indian crude basket averaging approximately USD 110 per barrel during April-May 2026 - along with elevated input, logistics, and commodity costs, including for chemicals, metals, rubber, and plastic products. Indias foreign exchange reserves remained healthy at approximately USD 682.3 billion as of end-May 2026, providing around 11 months of import cover.

For the Companys plastic granules and plastic households products, this environment of resilient domestic demand alongside rising crude-oil-linked input costs is particularly relevant, given the direct exposure of polymer feedstock prices to global crude oil movements. The broader trajectory of industrial activity, infrastructure spending, and consumption demand is expected to remain a key determinant of growth in FY 2026-27, even as elevated raw material costs warrant close monitoring.

(Source: https://ambedkarchamber.com/economy/indian-economy-june-2026-facts-rbi-governor-statement/ )

INDUSTRY STRUCTURE AND DEVELOPMENTS:

The Company is engaged in the Trading of plastic granules and plastic households products, which serve as the foundational raw material for a vast range of downstream applications including packaging, automotive components, construction, consumer goods, electronics, agriculture, and household products.

The Indian plastics industry, which began commercial production in 1957, has grown into one of the more significant contributors to the countrys manufacturing base, comprising tens of thousands of processing units and employing several million people across the value chain. The India plastic industry is estimated at approximately USD 47.04 billion in 2026 and is projected to grow at a CAGR of around 6.2% through 2031, supported by Production-Linked Incentive (PLI) schemes, large-scale infrastructure programs, and rising consumer demand across packaging, construction, and mobility. By polymer type, polyethylene and polypropylene together account for the largest share of demand, while packaging remains the single largest end-use application.

Globally, the plastic Industry was Valued at approximately USD 1.01 trillion in 2026, projected to grow to over USD 1.36 trillion by 2033 with a 4.4% CAGR, with Asia Pacific - led by China and a rapidly growing Indian polymer-processing sector - accounting for the largest share of capacity and consumption. Within India, the polymer processing industry continues to see significant capacity additions along the western petrochemical corridor, alongside growing investment in chemical-recycling technologies that convert mixed plastic waste into higher-value, certified recycled resins.

Key structural developments relevant to the Companys operations include increasing regulatory focus on recyclability and Extended Producer Responsibility (EPR) obligations under the Plastic Waste Management Rules, rising adoption of recycled and bio-based granules amid sustainability pressures, continuing volatility in crude-oil-linked polymer feedstock prices, and a fragmented industry structure in which a large number of small and medium enterprises compete alongside a smaller set of large, vertically integrated players.

(Chart: Plastic Market Size, by Application, 2023 - 2033 (USD Trillion))

Source: https://www.grandviewresearch.com/industry-analysis/global-plastics-market

OUR BUSINESS:

Our Company is engaged in the business of trading of plastic granules and plastic household products which includes tub, buckets, ghamela etc. and manufacturing plastic products for household use. We have taken a land on lease in MIDC, Jalgaon, for setting up the manufacturing unit. Our core philosophy is rooted in quality, sustainability, and innovation. We are committed to building a vertically integrated business that bridges trading expertise with in-house production capabilities. Our future growth strategy includes expanding our product line, enhancing production efficiency, and exploring new markets both domestically and internationally.

The Company is also investing in robust operational systems and quality controls to ensure that we meet the evolving demands of consumers while maintaining compliance with regulatory standards. Looking ahead, Roni Household Limited aims to emerge as a leading name in the Indian plastic household segment, known for its product durability, affordability, and customer-centric approach. Through a blend of traditional values and modern enterprise, we strive to deliver value to our stakeholders and contribute meaningfully to the Indian manufacturing ecosystem.

SEGMENT-WISE OR PRODUCT-WISE PERFORMANCE:

(Image of Company Structure: Roni Households Limited -> Trading (Plastic Granuals, Plastic Household Products) & Manufacturing (Plastic Household Products))

During current financial year, the company was solely engaged in trading of Plastic household products contributing to 100% of the Revenue for the FY 2025-26 which amounted to Rs. 237.14 lakhs. As compared to previous year revenue of Rs. 778.12 lakhs for FY 2024-25.

key factors driving growth:

Indias home and household sector is expected to witness robust growth, driven by the following factors.

Premiumisation is on the rise. Growing demand for luxury homes and innovative branded products is pushing companies to enhance consumer engagement and brand strength.

The value segment remains crucial as the middle-class market drives volumes, offering significant potential for brands to expand their presence.

The shift towards omnichannel and quick commerce is transforming how consumers shop, making it essential for businesses to deliver seamless, connected experiences across digital and physical platforms.

Technology is becoming a key differentiator, with brands using VR, AI and personalised experiences to elevate consumer satisfaction and brand advocacy.

Rising disposable income: Indias per capita disposable income reached US$ 2,820 in FY25, marking a 13 percent growth over the last year, driving the demand for premium products.

Growth in real estate: The real estate sector is expected to post a 25 percent CAGR, reaching ~US$1 trillion by FY29, spurred by the demand for second homes and large properties and boosting household product sales

Increased private consumption: With private consumption accounting for 63 percent of the GDP in 2023, India is set to become the third-largest consumer market globally by 2030.

Shifting consumer preferences: Easier credit access enables young buyers to invest in premium and niche home products, emphasizing quality and customisation.

Role of influencers: Interior designers and social media influencers shape consumer choices by sharing design trends and innovative materials, elevating potential buyers aspirations.

Favourable government policies: Government initiatives, such as the PLI scheme, PMAY, SMC, UJALA and PM Mitra, have significantly enhanced capacity, stimulated demand and attracted investments in the home and household sector.

Shifting consumer preferences: Easier credit access enables young buyers to invest in premium and niche home products, emphasizing quality and customisation.

(Source: https://www.verifiedmarketreports.com/product/plastic-granules-market-size-and-forecast/ )

INTERNAL CONTROL SYSTEMS AND THEIR ADEOUACY:

The Company has adequate internal control procedures commensurate with its size and nature of business in India. The Company has clearly laid down policies, guidelines, and procedures that form part of the internal control systems. The adequacy of internal control systems, which encompasses the Companys business processes and financial reporting systems, is examined by the Management at regular intervals.

The Company maintains internal control systems in order to identify weaknesses and suggest improvements for better functioning. Observations derived are regularly reviewed by the Management, and relevant steps are taken to mitigate the same in order to ensure effective functioning within the Company.

OUTLOOK:

Roni Households Limited operates in the trading sector, specializing in plastic granules and various household plastic products like tubs, buckets, and ghanelas. Our product portfolio includes polyethylene terephthalate (PET), a popular plastic variant used extensively in rigid packaging applications. Our vision is to leverage Indias competitive advantage in the plastic sector to boost exports. Our mission is to focus on sustainable practices, innovation, aligning with the governments initiatives to promote a circular economy. We are committed to developing eco-friendly products and improving waste management infrastructure. By adopting sustainable practices and innovative technologies, we aim to achieve responsible growth and global competitiveness.

OPPORTUNITIES AND THREATS:

1. Opportunities:

The Company operates in the plastic granules and household plastic products segment, which offers opportunities for growth driven by increasing domestic consumption, rising disposable income and changing consumer preferences. The growing demand for household products, together with the increasing adoption of organised retail, e-commerce, omnichannel and quick-commerce platforms, provides opportunities for the Company to expand its market reach and customer base.

The Company also sees opportunities in product diversification, premiumisation and development of innovative and sustainable plastic products. The proposed expansion of manufacturing capabilities can further enable the Company to improve product offerings, enhance operational efficiency and strengthen its presence in the domestic market. The Companys focus on sustainable practices and the circular economy also provides opportunities to respond to increasing demand for recyclable and environmentally conscious products.

II. Threats:

The plastic industry remains exposed to volatility in crude oil and polymer prices, which may affect the cost of plastic granules and other raw materials and consequently impact margins. The Company also operates in a competitive and fragmented market with the presence of established players as well as numerous small and medium-sized enterprises.

Changes in environmental regulations, including increasing focus on plastic waste management, recyclability and Extended Producer Responsibility (EPR) requirements, may require businesses to adapt their products and processes. In addition, changes in consumer preferences, economic conditions, supply-chain disruptions and fluctuations in demand may affect the Companys business performance.

RISK AND CONCERNS:

The Companys business is subject to various risks arising from market conditions, raw material prices, competition, regulatory developments and changes in consumer demand. The major risks and concerns relevant to the Companys operations are as follows:

Raw Material Price Risk: Volatility in crude oil and polymer prices may impact costs and margins. Market and Demand Risk: Changes in consumer preferences and market conditions may affect demand. Competition Risk: Competition in the plastic products and granules market may impact pricing and margins. Regulatory and Environmental Risk: Changes in environmental regulations, plastic waste management and EPR requirements may require operational adjustments. Supply Chain Risk: Disruptions in procurement, logistics or supply may affect business operations.

The Company regularly reviews these risks and maintains appropriate internal controls and processes to mitigate their potential impact.

DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE:

The Companys key strategic priorities remained financial strength and liquidity, professional management, timely completion of orders, customer care and enhancement of brand equity. These initiatives are aimed at supporting sustainable growth and strengthening the Companys position in the market.

The key strategy will be focused around:

Financial strength & liquidity Professional management Timely completion of orders Customer care Brand equity

1 FINANCIAL PERFORMANCE AND REVIEW OF OPERATIONS:

( in Lakhs)

Particular	Standalone-Year Ended 31/03/2026	Consolidated-Year Ended 31/03/2026	Standalone-Year Ended 31/03/2025	Consolidated-Year Ended 31/03/2025
Revenue From Operations	237.14	241.14	778.12	1715.38
Other Income	144.47	144.47	7.16	7.16
Total Income	381.61	385.61	785.28	1722.54
Less: Total Expenses before Depreciation, Finance Cost and Tax	376.85	382.34	638.25	1574.47
Profit before Depreciation, Finance Cost and Tax	4.76	3.27	147.04	148.07
Less: Depreciation	51.53	51.35	46.82	46.82
Less: Finance Cost	17.69	17.69	19.78	19.80
Profit Before Tax	(64.28)	(65.76)	80.44	81.45
Less: Current Tax	-	0.26	6.95	(7.05)
Less: Deferred tax Liability (Asset)	(14.71)	15.05	(2.77)	1.97
Profit after Tax	(49.57)	(50.96)	68.65	64.75

DETAILS OF SIGNIFICANT CHANGES (I.E. CHANGE OF 25% OR MORE AS COMPARED TO THE IMMEDIATELY PREVIOUS FINANCIAL YEAR) IN KEY FINANCIAL RATIOS. ALONG WITH DETAILED EXPLANATIONS THEREFOR:

Ratio	Figures as at 31.03.2026	Figures as at 31.03.2025	% Change	Reason
Current Ratio	5.60	7.99	-29.91%	Decrease in current assets
Debt-Equity Ratio	0.16	0.29	-44.83%	Decrease in Debts
Debt Service Coverage Ratio	2.24	-0.97	-330.93%	Due to better operating profits
Return on Equity Ratio	-3.09%	8.43%	-136.65%	Due to losses during the year
Inventory Turnover Ratio	0.42	0.82	-48.78%	Due to reduction in inventory
Trade Receivables Turnover Ratio	0.49	1.11	-55.86%	Due to reduction in sales and trade receivables
Net Profit Ratio	-20.90%	8.82%	-336.96%	Due to losses during the year
Return on Net Worth	(3.09%)	8.43%	-136.65%	Due to net losses during the year

Details of any change in Return on Net Worth as compared to the immediately previous financial year along with a detailed explanation thereof: The Return on Net Worth decreased from 4.21% in FY 2024-25 to (3.14%) in FY 2025-26, primarily due to the net loss incurred by the Company during the year under review, as compared to the profit earned in the previous financial year.

DISCLOSURE OF ACCOUNTING TREATMENT

The financial statements of the Company have been prepared in accordance with the Indian Accounting Standards (Ind AS)/ Accounting Standards (AS) notified under the Companies (Indian Accounting Standards) Rules / Companies (Accounting Standards) Rules, read with Section 133 of the Companies Act, 2013, as applicable to the Company.

MATERIAL DEVELOPMENTS IN HUMAN RESOURCES / INDUSTRIAL RELATIONS:

The Companys relations with the employees continued to be cordial and harmonious with its employees. It considers manpower as its assets and that people had been driving force for growth and expansion of the Company. The Company acknowledge that its principal assets is it employees. The Company has continued its efforts in building a diverse and inclusive workforce.

The Company employees including factory workmen are employed daily wages basis. Hence, as on March 31, 2026 there was no employees on roll in the Company. The Company will continue to create opportunity and ensure recruitment of diverse candidates without compromising on meritocracy

CAUTIONARY NOTE:

Statements in this Report, describing the Companys objectives, projections, estimates and expectations may constitute forward looking statements within the meaning of applicable laws and regulations. Forward looking statements are based on certain assumptions and expectations of future events. These statements are subject to certain risks and uncertainties. The Company cannot guarantee that these assumptions and expectations are accurate or will be realized. The actual results may be different from those expressed or implied since the Companys operations are affected by many external and internal factors, which are beyond the control of the management. Hence the Company assumes no responsibility in respect of forward-looking statements that may be amended or modified in future on the basis of subsequent developments, information or events.

Registered office: For and on behalf of Board of Directors Plot No.F-55,Addl.MIDCArea, Roni Households Limited Ajanta Road, Jalgaon - 425003, CIN: L82990MH2017PLC300575 Maharashtra.

Place: Jalgaon Date: September 05,2026

Sd/- Sd/- Nidhi Harish Sirwani Harish Manohar Sirwani Non- Executive Chairman and Managing Director Director Director DINO:07941219 DINO:07844075