The Directors present this Integrated Annual Report of Engineers India Limited ('the Company' or 'Your Company' or 'EIL') along with
Audited Standalone and Consolidated Financial Statements of Accounts, the Auditors' Report and Review of the Accounts by the
Comptroller & Auditor General of India for the Financial Year ended March 31,2026.

1.    2025-26 in Retrospect -

During the year under review, your Company has reported a roburst finanacial performance reflecting stong exectution
capbilities and sustained busniess momentum. The company has secured highest Order Book position, highest ever revenue
from opertations, highest Profit After Tax (PAT) and highest ever Earning Per Share (EPS). The key highlights of the financial
performance of the Company for the year, as stated in the audited financial statement, along with the corresponding
performance for the previous year are as under:

Financial Performance -

Segment wise Performance

*Property, Plant & Equipment and other assets used in the Company's business or segment liabilities contracted have not been identified to any of the reportable segments, as
these assets and support services are used interchangeably between segments. Accordingly, no disclosure relating to total segment assets and liabilities has been made and capital
employed has been presented.

2.    Dividend

The Board of Directors of your Company has recommended
final dividend of H 2.50 per share (on face value of H 5/-
per share) for the financial year 2025-26, in addition to
H 2.50 per share paid as interim dividend (1^st interim
diviedend of H 1 per share & 2^nd interim dividend of H 1.50
per share) during the year. With this, the total dividend
for the financial year 2025-26 works out to H 5/- per share
amounting to H 28,102.12 lakh Lakhs and Dividend payout
of 44% of standalone profits of the Company.

The final dividend shall be paid to the Members whose
names appears in the Register of Members as well as
beneficial ownership position provided by NSDL/ CDSL as
on record date on Thursday, 24^th September, 2026

The Board has formulated Dividend Distribution Policy, in
terms of Regulation 43A of the Securities and Exchange
Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015 ("SEBI Listing Regulations")
and dividends declared/ recommended as per the Policy.
The Policy is hosted on the website of the Company at
https://www.engineersindia.com/Investor/Landing.

3.    Transfer to Reserves

Your Company is proposing to transfer to general reserves
in FY 2026-27, after adjustment of payment of proposed
final dividend, if approved by the shareholders in the
Annual General Meeting for FY 2025-26, from balance of
retained earnings of H 49088.43 Lakhs as on 31^st March,
2026 excluding loss on account of remeasurement of
Defined Benefit Plans of H 11652.65 Lakhs.

4.    Investor relations

It has been a constant endeavour of your Company to
achieve highest standards of corporate governance and all
measures are being taken to enhance market confidence
and improve shareholder engagement through periodic,
regular, transparent and open communication.

The Management is committed to share information
with investor community on the Company's performance
and convey essential updates on expected projects, new
business initiatives, future outlook, industry insights
and avenues of growth potential and investment
plans periodically.

Investor Relations provides timely communication of such
information which acts as an effective bridge between
the management and investor community. The Investor
Relations Cell handles all investor concerns and issues
efficiently, aligning it with disclosure requirements,
transparency and Corporate Governance Rules &
Regulations, thereby inculcating a "trust relationship" with
the stakeholders.

The Management and Investor Relations Cell are actively
communicating with the investors by means of one-on-
one meetings, conference calls/earning call, investor
conferences, etc. The print and web media are also being
utilized for timely dissemination of vital information, which
is extremely significant in the financial world.

5.    Management Discussion and Analysis Report

The Management Discussion & Analysis Report, as
required in terms of the SEBI Listing Regulations and
Corporate Governance Guidelines for CPSEs issued by
Department of Public Enterprises (DPE), is forming a part
of the Annual Report.

6.    Business Responsibility and Sustainability Report

The Company has provided Business Responsibility and
Sustainability Report which indicates the Company's
performance against the principles of the 'National
Guidelines on Responsible Business Conduct'. This
would enable the Stakeholders to have an insight into
Environmental, Social and Governance initiatives of the
Company and forms a part of this Report.

7.    Setting up of Bio-Gas/Compressed Bio-Gas Plant

To take forward the Green Growth agenda initiative of the
Government of India and to promote circular economy,
your company is establishing a Press Mud feedstock based
Compressed Bio Gas (CBG) plant at MIDC Halkarni Industrial
Area, Kolhapur, Maharashtra with CBG production capacity
of 5 TPD. The proposed plant will be utilizing 125 TPD of
Press mud available from nearby sugar mills as feedstock to
produce 5 TPD of CBG. By utilizing press mud (a by-product
of the sugar manufacturing process) as the feedstock, the
project aims to convert agro-industrial waste into valuable
energy. The project represents a significant step in driving
India's energy transition toward cleaner and renewable
biofuels while promoting environmental sustainability.
MIDC has already allotted the land to the company and site
enabling activities (including site grading and boundary
wall construction) have already started.

8.    Consultancy Assignments (Domestic)

During the year, your Company has successfully completed
major assignments across its business operations and
achieved considerable progress in other assignments as
highlighted below:

Upstream Oil and Gas

Your Company continued to achieve new benchmarks
in Offshore Oil & Gas and LNG sectors. The following
consultancy assignments were successfully completed
during the year:

• Engineering, Procurement and Construction
Management (EPCM) Services for Dahej Regasification
Expansion Project (17.5 to 20 MMTPA) of
Petronet LNG Ltd.

•    Engineering, Procurement and Construction
Management (EPCM) Services for Dahej Regasification
Expansion Project (20 to 22.5 MMTPA) of
Petronet LNG Ltd.

•    Mechanical completion and commissioning of LNG
Import, Storage and Regasification Terminal Project,
Chhara (Gujarat).

•    Commissioning of two LNG Storage Tanks Project of
Petronet LNG Ltd., Dahej (Gujarat).

•    Completion of Breakwater Project at Konkan LNG
Limited, Dabhol and the jetty has been declared as
all weather port.

•    Gap closure and Feed for SHELL LNG capacity
enhancement project facilities at Dahej, GCPL, Gujarat.

The following assignments are currently under execution:

•    Revamp of Gas Terminal II of ONGC, Hazira Plant
under OBE mode.

•    Third berth (jetty) at Petronet LNG terminal, PLL, Dahej.

•    Consultancy Services for Life Extension of Wellhead
Platform (LEWP) 1,2 and 4, Western Offshore of ONGC.

•    FEED Engineering Services for Unloading Pipelines,
Onshore Storage Tank Farm and Associated Facilities
for GCPL, Dahej, Gujarat.

•    FEED Services and preparation Technical Bid Package
for Capacity Expansion Project, Phase-I for Shell
Energy India Pvt Ltd (SEIPL), Hazira, Gujarat.

•    Revamping of Sectionalizing valve stations of 36"& 42"
TPLs and additional requirements for Gas Terminal
and Kribhco (ONGC Hazira Part B)

Pipelines

Your Company has established an outstanding track record
in design, engineering and execution of cross-country
pipelines for transportation of crude oil, refined petroleum
products, natural gas and LPG across diverse geographies
and demanding terrains in domestic as well as international
geographies. EIL scope of services encompasses the entire
project life cycle ranging from Detailed Feasibility Reports,
EPCM (Engineering, Procurement and Construction
Management) services, PMC (Project Management
Consultancy) services, Integrity Studies etc. By virtue of
EIL's skills in executing world class pipeline projects, EIL
is the most sought-after technical consultant for major
clientele. Considering Government of India's (GOI) thrust
on National Gas Grids, EIL is best placed to exploit the
opportunities in pipeline sector which are likely to unfold
in the next few years.

Your Company had successfully completed the following
pipeline assignments during the year:

• EPCM Services for Krishnapatnam - Hyderabad Multi
Product Pipeline (16" x 450 km), of BPCL (Part B & C).

•    PMC services for Installation of Gas Turbine
Compressor (GTC) at GAIL, Gandhar, Gujarat.

•    PMC services for Storage Augmentation of Light
Hydrocarbon (LHC) Products at GAIL, Vijaipur,
Madhya Pradesh.

•    PMC Services for Dhamra-Haldia Pipeline Project of
GAIL. Part Section "Dispatch Terminal (CH - 00.00) to
IPS-01 (CH 124.89)".

•    PMC services for Capacity Augmentation of Jamnagar
- Loni LPG Pipeline for GAIL.

•    PMC Services for carrying out HDD across Yamuna
River in 20" Gauna - Bawana PL on emergency
basis, of GAIL.

•    Consultancy Services for various Critical/Emergency
Jobs encountered during Operation and Maintenance
of Pipeline, Pipeline Installation and Gas Processing
Unit of GAIL, Uttar Pradesh.

•    Feasibility Study for Jalandhar - Gurdaspur - Jammu -
Srinagar Pipeline (JGSPL) Project of GAIL.

Your Company is executing following major pipeline

projects and associated facilities assignments for various

clients which are in advance stages of execution:

•    EPCM Services for Crude Oil Import Terminal (COIT)
at Paradip, Paradip - Numaligarh Crude Oil Pipeline
(PNCPL) with cumulative length of 1637 Km and NRL -
Siliguri Marketing Terminal (SMT).

•    EPCM services for Pipeline (22" X 43.5 Km, 10" X 46
Km and 8" X 46 Km) from Mumbai Refinery, Mahul to
Rasayani complex, BPCL, Raigad.

•    EPCM Services for Upgradation of Facilities of
Numaligarh - Siliguri Product Pipeline (NSPL) for
transportation of additional products.

•    EPCM services for Offsite Pipelines and Inlet Receiving
Tanks for MRPL Refinery Complex.

•    EPCM services for Offsite Pipelines and Jetty
Infrastructure projects for MRPL Aromatics Complex.

•    EPCM Services for Anjar Palanpur Pipeline
Project of GSPL.

•    PMC services for Part-B for 18" x 693 km (Nagpur -
Jharsuguda mainline and NTPC Korba Spurline of
MNJPL Project (Mumbai - Nagpur - Jharsuguda Natural
gas Pipeline) of GAIL.

•    PMC services for 30"/ 24"/ 18"/ 12" x 827 km Dobhi -
Durgapur - Haldia Natural Gas pipeline of GAIL.

•    PMC services for C₂/C₃ product injection scheme in
HVJ Pipeline at GAIL, Vijaipur, Madhya Pradesh.

•    PMC services for 24" x 300 km Krishnagiri Coimbatore
section of Kochi - Koottanad - Bangalore - Mangalore
Gas Pipeline - II (KKBMPL) Project of GAIL.

•    PMC services for HRRL Onshore Pipeline Project,
Rajasthan and Gujarat.

•    PMC services for C₂/C₃ Pipeline from Vijaipur
to Pata of GAIL.

•    Capacity augmentation of Vadinar Bina Crude
Pipeline of BPCL.

•    DFR for replacement of 259 KM old pipeline section
of Numaligarh Siliguri Product Pipeline (NSPL) from
Oil India Limited.

•    Jettyless green ammonia transfer system (offshore
part of the project) of ACME'S 300 MTPD (Phase-I)
green ammonia project of ACME.

The following Major Projects were secured by the Company
in the Pipeline Segment of hydrocarbon value chain during
the year and are in progress:

•    EPCM services for Visakh Raipur Pipeline
Project of HPCL.

•    Capacity Expansion of Jamnagar -Loni Pipeline (JLPL)
Project of M/s GAIL.

•    PMC services for Additional Facilities at Pata for C₂/C₃
Pipeline of GAIL.

•    Remodelling of existing Gurugram water supply
channel (GWS) of Haryana Irrigation & Water
Resources Department (HIWRD).

•    FEED of 2^nd SPM and EPCM tender evaluation for 2^nd
SPM & pipeline project of HPCL.

Petroleum Refining

Your Company has carved a niche as one of the leading
Engineering Consultancy service providers to the
Petroleum Refining Sector in India, having its footprints in
20 out of 23 operating refineries including 10 grass root
refineries in the country. Your Company has also executed
Major Projects like, Diesel Hydro-desulphurization Projects,
Fuel Specification Upgradation Projects and Revamp/
Modernization Projects for most of the Oil and Gas majors.

The following Refinery Projects/Assignments were
successfully completed during the year:

•    Offsite work (OBE): Offsite works for 9.0 MMTPA
Rajasthan Refinery Project of HRRL at Barmer,
Pachpadra, Rajasthan

•    Detail Engineering for Installation of Automated Valve
Blind in FCC Reactor Overhead Line, Provision of
parallel catalyst loading/ unloading from regenerator
to hopper in FCCU and Segregation of PRU from FCC
Unit for HMEL Refinery, Bathinda.

•    Detail engineering services for ISO Butane unit for
HMEL Refinery, Bathinda.

•    Vizag Refinery Modernization Project of HPCL,
Visakhapatnam, Andhra Pradesh (PMC): Residue
upgradation unit, largest process unit in the world
having capacity 3.55 MMTPA is commissionined.

•    Consultancy service for LEPC Selection, DFR
preparation and Basic design of OSBL for Green
Hydrogen Plant for Bharat Oman Refinery, Bina,
Madhya Pradesh.

•    Capex Estimation and early Project works for New
Refinery Project (Train-II) at Vadinar Refinery of
Nayara Energy completed.

•    Detailed Feasibility report (DFR) for LNG transport
from Kochi to Sri Lanka through ISO-Container.

•    Piping Stress Analysis of FSS to TSS Line for HMEL
Refinery, Bathinda.

During the year, Your Company achieved significant

progress in the following projects/assignments, which are

under progress/ final stage of completion:

•    EPCM services for Coker-B Revamp of Barauni
Refinery Capacity Expansion (from 6.0 MMTPA to 9.0
MMTPA) Project of IOCL in Bihar.

•    EPCM services for New Biturox plant (300 KTPA) and
allied facilities Phase-II, Barauni Refinery, IOCL

•    EPC Reimbursable (OBE) basis: Demo BIO ATF Plant
Project of Mangalore Refinery and Petrochemicals Ltd.

•    EPCM -2 services for Refinery facilities for Bina
Petrochemical & Refinery Expansion Project (BPREP).

•    LEPCM services for DCU-Revamp of Numaligarh
Refinery Expansion Project (NREP), Assam.

•    Phase - II, Consultancy for overall project management
and EPCM/ PMC services for capacity expansion of
IOCL Panipat Refinery, Haryana from 15 MMTPA to 25
MMTPA (P-25) project.

•    EPCM Services for Site Enabling for Bina Petrochemical
and Refinery Expansion Project (BPREP) at Bina,
Madhya Pradesh.

•    PMC services for 9.0 MMTPA Rajasthan Refinery
Project of HRRL at Barmer, Pachpadra, Rajasthan.

•    Project Management Consultant services for Lube
Modernization & Bottom Up-Gradation (LMBU)
Project of HPCL, Mumbai.

•    PMC services for New Biturox Plant along with Allied
Facilities at IOCL Paradip Refinery.

•    PMC services for setting up 4.3 TPD Electrolyser for
producing Green Hydrogen at GAIL, Vijaipur.

•    PMC Services for De-Bottlenecking and Augmentation
of Cryogenic facilities of BPCL LPG Import Terminal at
Uran, Maharashtra.

•    FEED + PMC Services Including RFP document
preparation for Ethylene Tank with associated
facilities at GCPL, Dahej.

•    Phase-II of DCU Revamp Project, Nayara Energy,
Vadinar Refinery.

•    Consultancy services for Bitumen Maximization
Project at IOCL Gujarat Refinery.

•    Consultancy service for feasibility studies for BPCL
Mumbai Refinery Revamp, Petro Resid Fluidized
Cracker, (PRFCC) unit and PP unit, at Rasayani,
Mumbai refinery.

•    Consultancy Services for Coke Drum Replacement at
PRPC IOCL Panipat.

•    Licensing and Project execution in Depository Mode
basis for Aqueous Ammonia Project of Numaligarh
Refinery, NRL, Assam.

•    Engineering services to BHEL for 525 TPD standby
Sulphur Recovery Unit (SRU) train at IOCL Paradip
Refinery, Odisha.

•    Lender's Independent Engineer for State Bank of India
(SBI) for Project Review and Assessment for financing
of HRRL's 9.0 MMTPA Refinery cum Petrochemical
complex, Barmer, Rajasthan.

The following projects were secured during the year and

work is in progress:

•    EPCM Services for Ethylene DWST Tank with associated
facilities at GCPL, Dahej.

•    EPCM Services (Phase-II) for OHCU Revamp, CDWU
and Related Offsite Facilities for LOBS Project at
Manali Refinery of CPCL.

•    PMC/ EPCM Services for Lube Modernization and
Bottoms Upgradation (LMBU) Project, Mumbai
Refinery, HPCL.

•    PMC Services for the Sustainable Aviation Fuel (SAF)
Project at Panipat Refinery & Petrochemical Complex
(PRPC), Indian Oil Corporation Limited.

•    PMC services for Upcoming Facilities (RFQ - 2 to RFQ
- 4) Construction Works at GCPL, Dahej

•    Preparation of Detailed Feasibility Report (DFR)-
Firming up configuration, Licensor Selection and
obtain Environment Clearence for Greenfield
Refinery cum Petrochemical Complex in Andhra
Pradesh for BPCL.

Petrochemicals

Your Company has been involved in the establishment
of several Mega Petrochemical Complexes in India. The
Company has provided Engineering Consultancy services
for various processes including Gas based/ Naphtha
based Cracker Complexes and Aromatic plants comprising
Naphtha Splitters, Pre-treaters/ Reformers, Benzene -
Toluene Extraction units, Pyrolysis Gasoline Hydrogenation
Units, Xylene Fractionation and Isomerization units
including overall integration and optimization of
such complexes.

The following Petrochemical Projects/Assignments were
successfully completed during the year:

•    EPCM services for 60 KTPA Polypropylene plant at
Pata Petrochemical Complex, Uttar Pradesh of GAIL.

•    PMC Services for De-Aromatized Solvents (DAS) unit
at BPCL Mumbai Refinery, Maharashtra

Significant progress has been made on the following

Petrochemical Projects, some of which are under final

stage of completion:

•    EPCM Consultancy Services for Petchem Marketing
Terminal of HPCL at Barmer, Pachpadra, Rajasthan.

•    EPCM Services for Iso Propyl Alcohol Plant at GAIL
Usar, Maharashtra

•    EPCM services for 500 KTPA Propane Dehydrogenation
(PDH)/ Polypropylene (PP) Unit at GAIL, Usar
in Maharashtra.

•    EPCM Services for Hydrogenated Pyrolysis Gasoline
(HPG)-2, Butene-1 and Pressure Swing Adsorption
(PSA) units in BCPL, Lepetkata, Assam.

•    EPCM services for Polypropylene Project at
Numaligarh of NRL.

•    PMC services for Styrene Project, IOCL Panipat Refinery.

•    PMC-1 - Phase I services for Paradip Naphtha Cracker
(PDNC) block and High-Density Polyethylene (HDPE)
units under the Paradip Petrochemical Complex
(PDPC) project of Indian Oil Corporation Limited at
Paradip, Odisha.

•    Project Management/Managing Project Management
Consultancy (MPMC) - Phase I services for the overall
project and Project Management Consultancy (PMC-
2) - Phase I services for PP, IPA, EDC/VCM units and
Offsites & Utilities (O & U) under the PDPC project at
Paradip, Odisha.

•    Overall Project Management as Managing PMC and
PMC/EPCM Services for Ethylene Cracker Unit and
Utilities & Offsites (MPMC and EPCM-1) related to Bina
Petrochemical & Refinery Expansion Project (BPREP).

•    Project Management Consultant (PMC) and
Engineering, Procurement & Construction
Management (EPCM) Services for Polypropylene Unit
and PFCC Unit Revamp of BPCL at Kochi, Kerala.

•    PMC 1 Services for Polypropylene unit and Butene-1
unit of Bina Petrochemical and Refinery Expansion
Project (BPREP) at Bina, Madhya Pradesh.

•    Consultancy services for setting up of 750 KTA PDH
and 500 KTA PP Plant with Ethane and Propane
Storage and handling facility at Dahej Petrochemical
Complex, Petronet LNG Limited.

•    Planning & site PMC for VAM & VAE project, at Dahej,
Gujrat for Asian Paints Ltd.

•    Feasibility Study of Polycarbonate and Bisphenol-A
Project at Paradip- IOCL.

Strategic Storages

The Strategic Crude Oil Storage Program is the flagship
Energy Security initiative of the Govt. of India which aims
at creating a buffer stock of crude oil in underground
caverns to meet requirements in case of any disruption of
supplies from abroad.

The following consultancy assignment was successfully
completed during the year:

• PMC Services for Storage of 80,000 LPG in
Underground Rock Caverns at Mangalore,
Karnataka for HPCL.

LPG Underground Storage Project, Mangalore

Metallurgy

Your Company is a leading Engineering Consultancy Service

Provider for non-ferrous metallurgy having executed a large

number of greenfield Smelter and Alumina Refineries in India.

During the year, the Company achieved significant progress

in following projects:

•    Basic & Detailed Engineering of Balance of Plant
for direct reduce Iron plant at Jindal Steel & Power
Limited (JSPL), at Angul, Odisha.

•    Consultancy services for Retrofitting of HRD (High-
Rate Decanter) and DCW (Deep Cone Washer) in
Stream - 1, Stream - 2 and Stream - 3 of NALCO at
Damanjodi, Odisha.

•    Consultancy services for 2^nd Raw Water Intake Pump
House and Pipeline at Damanjodi, Odisha of NALCO.

•    Consultancy services and construction management
for addition of 11th Rectifier Group (Swing Group)
between Potlines 3 and 4 of Aluminium Smelter at
NALCO, Angul, Odisha.

•    Owner's Engineer Services for MDO and Evacuation
facilities at Kurmitar Iron Ore Mines for Odisha Mining
Corporation Ltd., Odisha.

•    Consultancy services for Capacity Enhancement of
Tailing Dam of Malanjkhand Copper Project of HCL,
Madhya Pradesh.

•    Detailed Engineering Consultancy Services for
Aditya Aluminium Smelter Expansion Project,
Lapanga, Odisha.

•    Basic Engineering and Detailed Engineering services
for New Reactor Furnace for DRI-2, Jindal Steel &
Power Limited (JSPL), at Angul, Odisha.

The following assignment was secured by the Company
during the year and work is in progress:

•    Detailed Engineering Services for Aditya Expansion
Project Phase 2 and 3D Modelling of 360 pots at
Lapanga, Odisha

Infrastructure

Your Company has developed a strong track record in
Infrastructure sector by providing a wide spectrum of services
such as Project Management (including on Depository Basis),
Third Party Inspection (TPI), Quality Assurance, Independent
Engineer and Lender’s Engineer services, Project Appraisal
and Project Execution Services in some of the important
Projects of Key Clientele in the Sector.

During the year, following major projects were completed:

•    Construction of World Class Convention Centre
at ONGC, Goa at ATI, GOA, on EPC
reimbursable/OBE basis.

•    Construction of Management Training facilities at
ONGC Goa on EPC Reimbursable (OBE) basis.

•    PMC services for Rajiv Gandhi Knowledge Service &
Innovation Hub at Jodhpur, Rajasthan for RajCOMP
Info Services Ltd.

•    PMC services for Rajiv Gandhi Centre for IT
Development and E-governance, Jaipur, Rajasthan.

•    PMC services for Construction of Petronet LNG Ltd.'s
office Building at Dwarka Sector - 14, Delhi.

Upholding our commitments to customers, your Company

continued to achieve substantial progress in following

infrastructure projects:

•    Principal Consultant Firm (PCF) for Setting up of
Reserve Bank of India’s (RBI) Greenfield Data Center
and Training Institute at Bhubaneswar in Odisha.

•    Extension of Third Party Inspection services
for Infrastructure Projects of Pune Municipal
Corporation, Maharashtra.

•    Third Party Inspection services for completing
Unitech’s incomplete Projects across India.

•    Third Party Assessment for Engineering Review and
Project Management for Fintech Digital Institute,
Jodhpur, Rajasthan.

•    Third Party Inspection Services for Indo-China Border
Road (ICBR-1) for Border Management-Ministry of
Home Affairs (MHA).

•    PMC Services for Development India International
Horticulture Market at Ganaur, Haryana of
Haryana International Horticultural Marketing
Corporation Limited.

•    Construction of Multi-storied Building for Integrated
Office-cum-Data Centre Complex in Delhi for
Intelligence Bureau.

•    Comprehensive Design Engineering & PMC
services for Development and Upgradation of
Infrastructure at NSEZ Noida.

•    Construction of Yatri Niwas Complexes at Baltal
Camp, Nunwan camp, Bijbehara and Sidra in J&K on
OBE mode of execution.

•    Redevelopment of Residential Properties-Phase-1 at
ONGC Mumbai on EPC Reimbursable (OBE) basis.

•    Construction of 32 D Type Flats, 01 E type Asset House
& 64 B Type Residential Accommodation for SRPF at
ONGC Nagar, Mehsana Asset on OBE basis.

•    PMC Services for Design & Development of lndian
Institute of Management Nagpur (Maharashtra) for
Phase-ll & lll of New Campus.

•    Project Management Consultant (on Depository
Mode) for Development of llT Jammu, Phase 'B'.

•    Office Building of Newtown, Kolkata through EPC
Reimbursable Procurement Strategy / OBE Method.

•    Third Party Audit Services for Construction of Shri
Ram Temple Ayodhya.

•    PMC for Establishment of Guest House, Trust Office,
Multipurpose Hall and Allied Facilities at Ayodhya.

•    PMC (on depository basis) for Construction of
boundary wall around the Shri Ram Mandir
Complex in Ayodhya.

•    Project Management Consultancy for execution of
project for development of memorial for Barunei
Paika Sangram Project.

The Company's footprints in Infrastructure Sector received

an impetus with securing of the following assignments

during the year:

•    Authority Engineer for Construction of Working
Women's Hostel Near Sea Food Parkat Deras, Odisha.

•    Preparation of Concept Master Plan and Detailed
Project Report (DPR) for the proposed Power
Technology Experience Centre (PTEC), at Hirakud,
Sambalpur, Odisha of NTPC.

•    Construction of ONGC Offshore Crew Change Facility,
Santacruz, Mumbai on EPC reimbursable/OBE basis.

•    Project Management Agency (PMA) for Planning,
Design and Construction of various Buildings and its
services at Indian Institute of Technology, Jodhpur.

•    Construction of New Office Building at ONGC Uran
Plant, Uran on EPC reimbursable/OBE basis.

•    Construction of assembly hall cum Cultural Centre
at Rairangpur, Odisha -Project Management
Consultancy (PMC) for end-to-end services for NTPC.

Airport

Your Company has established a robust presence
in the Airport sector, offering wide range of project
management services such as DPR preparation &
Independent Engineering services and PMC services for
several major projects of key clients in the Sector.

During the year, following major project was completed:

•    I ndependent Engineers' Services for    N oid a

International Airport, Jewar, Uttar Pradesh for Noida
International Airport Limited (NIAL).

Upholding our commitments to customers, your Company
continued to achieve substantial progress in following
Airport projects:

•    PMC Services for Construction of Domestic Terminal
of Leh Airport.

•    Independent Engineers' Services for Bhogapuram
International Airport.

The Company has secured the following major assignments
during the year in the Airport Sector of Infrastructure and
substantial progress achieved in the Project:

•    Preparation of Revised Detailed Project Report (DPR)
for Second Runway for Greenfield International
Airport at Chingen, Great Nicobar Island.

•    Peer Validation of Terminal T2 Phase 2 Area
Requirements for Kempegowda International Airport
Expansion Project (BIAL), Bangalore.

Water and Waste Management

Your Company has the expertise to undertake a multitude
of Water Treatment projects such as raw water intake
and treatment systems, Desalination plants, Cooling
Water plants, Water Injection plants, Demineralization
Plants, Condensate Polishing plants etc. The Company has
also evolved basic engineering for standard modules for
Municipal Sewage Treatment Plants as well as Standalone
Recycle Plants.

Following projects are in progress and at various
stages of execution:

•    PMC for Construction of 60 ML Guard Pond, 30 ML
Equalization Tank and Boosting Pumping Station for
Narmada Clean Tech (NCT) at Final Effluent Treatment
Plant Ankleshwar, Gujarat.

•    PMC services for replacement of existing pipe line at three
locations in Jhagadia-Kantyajal Section and construction of
Guard Pond (45 MLD) and associated work at FETPJhagadia.

•    Review of Due Diligence of existing Detailed Project Report
& PMC services of augment & upgrade water supply
to various consumers in the Jhagadia industrial area
Jhagadia, Gujarat.

Fertilizers

Your Company is leveraging its capabilities to tap significant
business opportunities presented by fertilizer sector in
India and Overseas. Following projects are in progress and
at various stages of execution:

•    PMC services for EPC contract for Revamp of Ammonia
Plant Line-1 and Line-II at Thal Maharashtra, from
Rashtriya Chemical and Fertilizer Ltd.

•    PMC services for Zero Discharge Plant of
NFL, Vijaipur (MP)

The following assignments were secured by the Company
during the year and work is in progress:

•    PMC & EPCM service for New Fertiliser Plant (Train
3,4,5,6) at Nigeria, from Dangote Fertilizer FZE.

•    Construction of new natural draught pril tower & its
associated process system of MFL.

Coal

Your Company is providing Consultancy services for
various coal-based Projects.

During the year, following Assignment was
successfully completed:

•    Techno-economic feasibility study to establish a plant
to produce 400 TPD capacity Ammonium Nitrate Melt
through gasification of coal in command areas of
Singareni Collieries Company Ltd.

The following project is in progress:

•    PMC services for pre-award activities, including
preparation of tender documents, tendering process,
and selection of a suitable firm on Lump Sum Turnkey
(LSTK) / LEPC / EPC basis, for the Lignite to Methanol via
Gasification Project (capacity: 1200 MTPD of Methanol)
by NLCIL at Neyveli, Tamil Nadu.

The following assignment was secured by the Company
during the year:

•    Engineering services for Coal to Synthetic Natural Gas
Plant at Talaipalli, Raigarh, Chhattisgarh of NTPC Ltd.

Non-Conventional Source of Energy

In the Alternate Fuels space, your Company provided
EPCM services for the Assam Bio Refinery Project of M/s
Assam Bio Ethanol Private Limited (ABEPL), India's first
bioethanol plant of its kind. The project was inaugurated
by the Hon'ble Prime Minister in September 2025, marking
a significant milestone in the country's biofuel and clean
energy journey.

Following project is in progress:

•    PMC Services for setting up of 13.7 MWp Roof Top
Solar Project for HMEL Green Energy Pvt Ltd.

Government Policy Implementation
Services

The following assignments are in various stages of execution:

•    Independent Engineers' Services for the Production
linked Incentives (PLI) scheme for Advanced
Chemistry Cell (ACC) for Ministry of Heavy Industries,
Govt. of India.

•    Project Management agency for the Electronic
Component Manufacturing Scheme (ECMS) for
Ministry for Electronics and Information Technology
(MEITY), Govt. of India

Speciality Chemicals

During the year, your Company achieved significant

progress in the following projects/assignments:

•    PMC Services for ambient air heating system
at KLL, Dabhol.

•    Design, Engineering, Procurement assistance, Project
management and control for SNI, SNA, Offsites &
Utilities, Infrastructure including Outside plant limit of
DOIL (Deepak Oman Industries LLC).

•    MIBC, MIBK and O & U Projects at DCTL Dahej,
Gujarat, India.

Captive Power Plant

The following assignments achieved considerable progress

during the year:

•    Engineering & Project Management Consultancy
Service for creation of CPP at ONGC Geleki, Assam
asset.

•    Design,    Engineering & Project Management

Consultancy Service for creation of CPP at ONGC
Rudrasagar, Assam asset.

Defence

The following assignment is under execution:

•    TNT Project at the High Explosives Factory (HEF) in
Khadki, Pune for Munitions India Limited (MIL)

Marketing Terminal

Following projects are in progress and at various

stages of execution:

•    Detailed Project Report (DPR) for Panchgram
Marketing Terminal & EPCM Services for Boundary
Wall Construction at Panchgram, NRL.

•    Detailed Project Report (DPR) for Crude Oil Tank
wagon (TW) loading at OIL, Duliajan.

C₂/C₃ Plant

The following assignment was secured by the Company
during the year and is under execution:

•    Selection of Flare Gas Recovery System (FGRS) and
FEED Preparation for ONGC Dahej Plant.

9. Overseas Consultancy Assignments

Your Company has leveraged its strong track record in
the Indian Hydrocarbon sector to successfully expand its
international operations. Over the years, the Company has
emerged as a global player with the execution of a number
of prestigious assignments for International Energy majors
in Middle East, Africa, South & Central Asia, East Asia
and South America.

During the year, following Overseas Assignments were
successfully completed:

•    FEED of SARB Produced Water Treatment Project at
Zirku Island - E-2041 (11549), ADNOC Offshore, UAE.

•    Engineering Services for MOL Welding Workshop,
FEED for Upgradation of Crude Storage Tanks Foam
System and FEED for Replacement of the Obsolete
F&G Detection System at JD, ADNOC Onshore, UAE.

•    Revalidation Of Pre-FEED Process Waste Steam for
Power Generation through BPST in Ruwais Train -4,
ADNOC Gas, UAE.

•    CED FWA T10 - ABK Facilities Engineering Framework
Package-2, ADNOC Offshore, UAE.

•    FEED Services for HALON Systems Replacement
PHASE-2 AT LZK and USSC, ADNOC Offshore, UAE.

•    Study and FEED for SE Miscellaneous Works - Package
1, ADNOC Onshore, UAE.

•    Pre-FEED Services for Valorizing excess Ethylene in
RFFCU, ADNOC Refining, UAE.

•    Engineering Design package for desalter installation in
4A CDU & 5 CDU of Bahrain Refinery, Bapco Refining.

•    EPCM services for the prestigious Dangote Refinery
and Petrochemical Project in Nigeria, comprising a
650,000 BPSD grassroots refinery and an 830 KTPA
petrochemical complex at the Lekki Free Trade Zone.
Recognised as the world's largest single-train refinery,
the project represents a significant engineering
and project-management achievement for EIL. All
process units, utilities and offsite facilities have

been commissioned and are producing a range of
products, including gasoline, kerosene, diesel, LPG,
ATF and polypropylene.

•    Engineering Services for Reduction of Flare Gas
from the Ourhoud Field, Sonatrach-Ourhoud
Organisation, Algeria.

•    CED FWA    T.16: Lower Zakum Facilities Hazop/

Engineering Packages and C5934 - Study requirements
to put DIYAB Appraisal well ZK420 (WHT ZK-374) on
Production, ADNOC Offshore, UAE.

•    FEED for Seamless Fuel Gas supply to ASAB consumers
(Power Station-Frame 5 GTA's, RDS-6 Blanketing/Flare
Pilots), ADNOC Offshore, UAE

•    T20: PMRs/FCs Zirku Pkg 6, ZR Sarb Pkg    3,

Operator Shelter and Blasting & Painting Yard,
ADNOC Offshore, UAE

•    Transient    Analysis Mandous Project Phase    II,

ADNOC Offshore, UAE

•    Pre-Feed    Study on Modification for    HP

Separator, Sour Feed Gas KOD/Cooler & Filter
Separator, ADNOC Gas, UAE

•    Feasibility Study for Provision of Active Fire Protection
for B2 Hydrogen Storage System, Borogue, UAE

•    Stress Analysis for all Piping Systems for Hydro
Cracker Revamp Project (COO7), ADNOC Refining

•    Hydraulic calculation & adequacy study of UCO Circuit,
Mechanical rerating (COO8), ADNOC Refining

•    Flare Adequacy Study - Ruwais Refinery I, II & III -
Change Order, ADNOC Refining

•    LOPA & SIL Studies, OMIFCO, Oman

•    CED.FWA.T19: PMRS/FCS FOR LZ PKG-8 & DAS PKG-
5, FEED For Alarm System Upgrade for AQ/BQ
Building & For F&G System for Utilities at Das Island,
ADNOC Offshore, UAE

•    T24: UZ EI Studies/Engineering Packages (Package 3)
& Upper Zakum Facilities Plant Modifications (Package
10), ADNOC Offshore, UAE

Various FEED Engineering, PMC, Technical Support services

are being provided to ADNOC, UAE under the following

service agreements:

•    Technical Support Services Agreement (TSSA) of
ADNOC Gas Processing and ADNOC IG, UAE.

•    PMC Services on Call Off Basis for Construction of
Industrial Projects Facilities and other Civil Projects,
ADNOC Distribution, UAE.

•    Process Engineering Services for Hydro Cracker
Revamp Projects, ADNOC Refining, UAE.

•    General Engineering Services of ADNOC Onshore, UAE.

•    Concept, Pre-Feed and Feed Framework agreement
-Phase II of ADNOC.

•    Engineering and Project Management Services for
RSI, ADNOC Refining, UAE

•    Framework Agreement for Concept Design, Pre-FEED
& FEED Services Phase 1: for Projects with CAPEX
more than USD 200M

Following overseas assignments are in progress and at

various stages of execution:

•    PMC services for 1.5 MMTPA grass root refinery in
Mongolia which is being set up under Line of Credit
extended by Govt. of India to Govt of Mongolia.

•    Consultancy Service for the Supervision of the Guyana
Integrated NGL Plant and 300MW CCGT Power
Plant for Guyana Power & Gas Inc. (A wholly owned
Company of Government of Guyana (GoG)), under
Ministry of Natural Resources (MNR). Substantial
amount of Engineering and Procurement has been
completed. Major equipment like Gas Turbine
Generator (GTG), Steam Turbines, Transformers etc.
have been delivered. Pilling & Equipment foundation
work in progress.

•    Design and Detailed engineering services for setting up
cryogenic tanks of Ethane and Propane for Aja Energy
FZE, Nigeria. EPC contract for Tank construction has
been awarded and work in progress.

•    Design and PMC services for Setting up New NG/ Off
Gas fired Boiler 250TPH capacity and BoP for Dangote
Fertilizer, Nigeria.

•    FEED and PMC Services For NHT-CCR Reforming Unit
at Arzew Refinery, Sonatrach, Algeria.

•    Consultancy Services for FEED and ITB preparation
for revamp of existing AGRP-1Unit in MAA Refinery
for KNPC, Kuwait.

•    Consultancy services for FEED development & ITB
preparation for Energy Efficiency Improvement Capital
Project at Mina Al-Ahmadi Refinery, Safat, Kuwait.

•    Consultancy Services for FEED review of
PETCHEM2 (2X600 KTPA) PDH & PP UNIT of ODUM
Energy FZE, Nigeria.

•    Engineering Design package preparation for U&O of
PETCHEM2 (2X600 KTPA) PDH & PP UNIT of ODUM
Energy FZE, Nigeria.

•    Engineering Services for Reduction of Flare Gas
from the El-Merk & HBNS oilfield, OXY (Occidental of
Algeria, LLC), Algeria.

•    PMC Services for Lower Zakum Long Term Development
Plan (LTDP-1) Projects, ADNOC Offshore, UAE

•    Engineering & Project Management Services for
Fujairah Oil Tanker Terminal (FOTT): Berth-10 and
Berth-11, Port of Fujairah, UAE

•    Engineering and Project Management Services for
RSI, ADNOC Refining, UAE

The following assignments were secured by the Company

during the year and are in various stages of execution:

•    PMC & EPCM Services for Dangote Fertiliser Project
at Lekki, Lagos, Nigeria for Dangote Fertilisers
FZE (DFFZE). The Project involves adding four new
production trains, with each train possessing a capacity
of 2,500 TPD of Ammonia and 4,235 TPD of Urea.

•    FEED Services for RMU Substation - E1846,
ADNOC Offshore, UAE.

•    CED FWA T.2: Brown Field EWRS-PMRS for LZ and DAS
Concept Design, Pre-FEED & FEED Services-Phase 2.

•    Engineering Consultancy for N ew N o.3 API
Separator Modification Project in Bahrain Refinery,
Bapco Refining.

•    Techno-commercial study for Replacement
of PLATFORMER Gas Turbine driven recycle
Gas compressor package in Bahrain Refinery,
Bapco Refining.

•    Jettyless Green Ammonia Transfer System (Offshore
Part of the Project) OF ACME'S 300 MTPD (Phase-I)
Green Ammonia Project, at Sultanate of Oman.

•    Select Study for UAD LTDP Ph-2, ADNOC Offshore, UAE

•    FEED & PMC services for Ruwais Field, Onshore
Block-1, Abu Dhabi, Urja Bharat, UAE

•    Engineering consultancy service to Identify root cause
of EU2 Cold Insulation at Borouge.

•    FEED Services-Steam Turbine Power Gen. Unit 1021 &
Unit 1025, ADNOC Refining/RSI

•    Pre-FEED    and Feed for Naphtha to Jet

Fuel, ADNOC Refining

•    HSE studies as per the SOW and Incorporation
of 3D review comments for HCK Revamp Project
(COO9), ADNOC Refining

•    FEED for Upgrade of Jetty Fire Suppression
System and Installation of H2 detectors in old
substations at ADNOC Gas

•    Process Engineering & HSE Services for Non-system
Crude Logistics Facility Project, ADNOC Refining

•    4ACDU Vacuum Heater (24F1) Energy Efficiency
Improvement Study Project for BAPCO
refining, Bahrain)

•    FEED for Deluge system Modification, ADNOC Gas

•    EPCM services for DPRP Expansion Project (DEP) at
Lekki, Lagos, Nigeria, Dangote Petroleum Refinery
and Petrochemicals FZE.

10.    Turnkey Projects

Your Company's turnkey project portfolio consists of
projects executed on LSTK mode or on the 'Open Book
Estimate (OBE)' basis.

The following OBE/ LSTK jobs achieved considerable
progress during the year:

•    Replacement of 3 nos CSU Off Gas Compressors, 06
nos Regeneration Gas Compressors & Installation of
01 CBD Vessel at Uran, ONGC

•    Revamp of Slug Catcher IIA New (12 Fingers) at Uran
Plant of ONGC in Maharashtra.

•    Revamp of Slug Catcher at Uran Plant of ONGC
in Maharashtra.

11.    HSE Management System

Your company's ISO 45001:2018 (Occupational Health
and Safety Management Systems) and ISO 14001:2015
(Environmental Management Systems) certifications
were successfully audited and reassessed by accredited
certification body during this year and declared conforming

to ISO Standards. Apart from ensuring effectiveness of the
HSE Management System, these certifications provide an
edge in securing business, especially overseas.

HSE matters are discussed in the Management Review
Committee (MRC) meetings and are resolved. Chairman
and Managing Director and Functional Directors are
members of the MRC while all Executive Directors and
Senior officials participate in the meetings. Internal HSE
Audits are conducted across the Company by qualified
and independent Lead Auditors for ISO 45001:2018 &
ISO 14001:2015 to verify conformance with the defined
systems and procedures.

On the occupational health front, the Company conducted
various initiatives under the umbrella of HALE (Health
Assessment and Lifestyle Enrichment), including health
talks, OPD consultations, online yoga sessions, and other
health-related programs. Also, numerous health camps
were organized under this umbrella to address specific
and generic health conditions. National Safety Day /
Week was celebrated across your company's Offices and
Construction Sites with great enthusiasm and extensive
participation from the employees. The celebration further
strengthened an inclusive and proactive HSE culture
ensuring active participation from contractors, workforce
and staff thereby reinforcing collective responsibility
towards occupational health, safety and well-being. Mock
drills were conducted across your company's Offices and
Construction Sites to ensure preparedness and build
resilience towards emergency scenarios. Firefighting
training was also imparted to employees periodically.

On the environmental preservation front, a World
Environment Day campaign was organized across your
company's offices and construction sites, with a focus on
ending global plastic pollution in alignment with the year's
theme. The Company also encouraged its stakeholders
and the local community to actively participate in the
plantation of tree saplings. Further, several paper-based
processes were digitalized with the objective of reducing
paper consumption and minimizing the Company's
carbon footprint.

In line with the Company's commitment to promoting
cleanliness and environmental awareness, Swachhta
Pakhwada was observed from 01 to 15 July 2025 across
all offices and construction sites. During this period,
employees pledged to maintain cleanliness and hygiene
in the workplace and surrounding areas, and to act as
catalysts for behavioural change in pursuit of the collective
aspiration of a clean and green India.

On the engineering front, HSE aspects that are to be
addressed in the design engineering phases are built
into the procedures/specifications of various engineering

departments. Exhaustive HSE checklists are in place to
ensure that these aspects are complied positively during
process design and engineering phases.

Being a renowned engineering consultant in the
hydrocarbon sector, your company deploys proven
risk assessment methodologies like RRA (Rapid Risk
Assessment), QRA (Quantitative risk assessment),
HAZOP (Hazard and Operability Study) and SIL (Safety
Integrity Level) to ensure the process safety of the plants
being designed.

On the construction front, schemes recognizing
construction sites based on HSE performance and
issuance of appreciation certificates to best performing
construction contractors are being continued. HSE award
mechanism for Individuals, which was introduced in year
2022 is being sustained with high participation levels
across our construction sites. The objective of these
reward mechanisms is to foster and promote the culture of
Safety. HSE galleries were established at construction sites
in order to promote and create a healthy safety culture.

Your company has been conferred the prestigious 16^th
CIDC Vishwakarma Achievement Award in the category
"Construction Health, Safety & Environment" for the
project Restoration of Gas Terminal 1, Part A, ONGC Hazira.
The award recognizes the Company's commitment to
best construction practices and its respect for human life
and well-being, as reflected in its robust Health & Safety
practices across the project.

The HSE In-house publication - 'HSE Pulse' is being issued to
all employees to communicate the HSE events and updates
across the company.

12. Quality Management System

Quality is deeply embedded across the Company's
processes, workplaces, deliverables and services
supported by a strong organizational culture that
emphasizes accountability, continuous improvement
and customer-centricity at all levels. This culture
encourages proactive participation from employees and
reinforces quality as a shared responsibility rather than a
compliance requirement.

The Quality Management System (QMS) is periodically
reassessed through comprehensive external audits
conducted across the organization to ensure continual
alignment with the requirements of ISO 9001:2015, as
certified by an independent third-party agency. During the
year under review, the Company successfully underwent
a surveillance audit and was reaffirmed as compliant with
the ISO 9001:2015 standard. The current certification
remains valid until 13 October 2027.

To drive operational excellence, the Company actively
implements Quality Circle initiatives and Six Sigma projects
across multiple departments. These initiatives foster a
culture of data-driven decision-making at the operational
level and empower employees to contribute to process
improvements and innovation. The System Committee
continues to play a pivotal role in leading the quality
movement within the organization, with a strong focus on
enhancing efficiency and achieving operational excellence.

Key elements of the Company's quality framework include
a robust and comprehensive Internal Quality Audit system,
structured customer perception surveys, systematic
analysis of stakeholder feedback and ongoing oversight
by the Management Review Committee (MRC). The MRC,
chaired by the Chairman and Managing Director and
comprising all functional Directors, provides strategic
direction and ensures that quality objectives are aligned
with organizational goals.

Continuous monitoring and analysis of Quality Objective
performance data and feedback enable the identification
of improvement opportunities in processes, deliverables,
and the overall QMS. These efforts are aimed at optimizing
costs, reducing cycle times, resolving cross-functional
challenges and enhancing transparency, credibility and
stakeholder confidence. The effectiveness of the QMS has
been further strengthened through the deployment of in¬
house developed digital tools and software solutions.

Additionally, the Company's Abu Dhabi office underwent a
separate audit and reassessment during FY 2025-26 and
was also confirmed to be in compliance with ISO 9001:2015
standards. The QMS continues to provide a significant
competitive advantage by supporting the successful
acquisition and execution of projects, with a strong
emphasis on achieving complete customer satisfaction.

Furthermore, the Company remains actively engaged as
a key participant in various committees responsible for
developing and refining quality system standards under
the framework of the Bureau of Indian Standards, thereby
contributing to the broader quality ecosystem.

13. Risk Management system

The Board of Directors of the Company has a Risk
Management Committee to frame, implement and
monitor the risk management plan for the Company. The
Committee is responsible for monitoring and reviewing the
risk management plan and ensuring its effectiveness. The
Audit Committee has additional oversight in the area of
financial risks and controls.

The major risks identified by the businesses and functions
are systematically addressed through mitigating actions on
a continuing basis.

The development and implementation of risk management
policy has been covered in the Management Discussion
and Analysis as well as in Integrated Report section, which
forms part of this Report

14. Vigilance

The Vigilance Department of the Company functions with
the objective of promoting integrity, transparency, and
accountability in all its operations, in line with the laid down
guidelines in vogue. The Department is headed by the
Chief Vigilance Officer (CVO), who is supported by the Head
of Department (Vigilance) and a team of Vigilance Officers.
The CVO acts as the nodal point for coordination with
the Central Vigilance Commission (CVC) and the Ministry
of Petroleum and Natural Gas (MoPNG), and provides
guidance on vigilance-related matters to ensure adherence
to established norms of probity and good governance.

The vigilance administration in the Company is carried
out in accordance with the provisions of the extant
CVC Manual and instructions / guidelines issued from
time to time by the Department of Personnel & Training
(DoPT), Department of Public Enterprises (DPE), Central
Vigilance Commission (CVC), and MoPNG. The Department
continues to focus on strengthening vigilance mechanisms
through system improvements / advisories and enhanced
use of technology, with a view to ensuring transparency,
objectivity, and efficiency in decision-making processes.
Quarterly Progress Reports (QPRs) are regularly submitted
to CVC / CTE and MoPNG, reflecting the status of vigilance
activities and systemic improvements.

During the year 2025-2026, the Vigilance Department
carried out its functions covering preventive, punitive,
and participative vigilance. Preventive vigilance measures
included review of systems and procedures, identification
of sensitive areas, carrying out CTE Type Examinations
and issuance of advisories and systemic improvements to

minimize the scope for irregularities. Surprise inspections
and preventive checks were conducted at project sites
and offices. Complaints received were examined and
investigated in accordance with prescribed procedures, and
appropriate action was taken wherever required. A strong
emphasis was placed on the early resolution of complaints

Vigilance clearances were processed for all purposes, and
also inputs to request from PESB / MoPNG were provided
as per laid-down procedures. The Department also
undertook scrutiny of Immovable Property Returns (IPRs)
of officials and carried out regular monitoring of officials
occupying sensitive posts. Review of various audit reports
was also undertaken from a vigilance perspective.

Vigilance Awareness Week (VAW) 2025 was observed across
the Company with active participation under the theme
"Vigilance: Our Shared Responsibility (gdH>di: h_RT gp

reinforcing the collective commitment towards
ethical governance and transparency. The inaugural
function at EIL Bhawan, New Delhi, was graced by the
C&MD, Functional Directors, and Chief Vigilance Officer
(CVO), with participation from employees across locations
through webcast. The Integrity Pledge administered
by the C&MD marked the formal commencement. A
three-month precursor campaign focusing on disposal
of complaints, capacity building, and digital initiatives
further strengthened vigilance preparedness. During the
week, a series of participative and awareness initiatives
were organized, including competitions, a Walkathon,
and a "Nukkad Natak", effectively conveying the message
of shared responsibility in promoting transparency and
ethical conduct. An MSE Vendor Meet emphasized the
importance of vendors as key stakeholders and the
need for transparent, fair, and inclusive procurement
practices. The Vigilance Department continues to adopt a
proactive approach with emphasis on preventive vigilance,
system strengthening, and capacity building. Through
sustained efforts, the Department endeavors to further
institutionalize transparency, accountability, and ethical
practices across the organization.

15. Human Resource & Industrial Relation

Human resources play a crucial role in driving sustainable
performance within any organization, especially in today's
volatile, uncertain, complex, and ambiguous (VUCA)
business environment. The company places high value on
its human capital and is committed to cultivating a work
environment that empowers individuals, supports their
professional growth, and recognizes their contributions.

The Company is focused on building a motivated and
engaged workforce that is aligned with the organization's
strategic vision. To nurture a culture of empowerment
and continuous engagement, the company implements

a range of employee-centric policies and developmental
initiatives. These are regularly reviewed and updated to
remain responsive to evolving workplace trends and the
aspirations of employees.

Your Company focused on maintaining an optimal talent
mix to align with the evolving business environment. A
diversified talent pool was developed to support emerging
business areas and new growth opportunities.

As of March 31,2026, EIL employed 2,747 people, including
2,512 professionally qualified employees. Around 3.31%
of the workforce was deployed outside India, operating in
international business environments.

Talent Acquisition: EIL's talent acquisition strategy
is focused on building a resilient and agile talent pool
to address both immediate and future organizational
requirements. To meet evolving business needs and
maintain an optimal manpower mix, the company employs
a variety of recruitment models—ranging from the
induction of fresh graduates and professionals on lateral
entry for long term requirements, and domain experts
to short-term hiring through empanelled agencies, fixed-
term engagements, and onboarding of consultants and
advisors.

To ensure effective utilization of human resources,
planned job rotation initiatives have been implemented.
The recruitment approach is underpinned by a strong
commitment to diversity, equity, and inclusion, aimed at
fostering a diverse and globally minded workforce.

Employee engagement, career progression, and succession
planning are core priorities, enabling the development
of future-ready leaders and driving innovation across the
organization. EIL continuously monitors industry trends
and market dynamics to refine its talent strategy, ensuring
alignment with long-term business goals and reinforcing its
position as a leader in strategic talent management.

Welfare Measures: Keeping employee first, various
welfare measures are undertaken to enhance quality of
work life for employees as well as supporting EIL family
in their times of need. Employee welfare initiatives

undertaken under the ambit of 'HALE'- Health Awareness
and Lifestyle Enrichment' included Health Talks on
emerging health issues, health & vaccination camps
and easy accessibility of medical services by expanding
empanelment of hospitals and laboratories, "Aarogyam- an
online yoga session for employees, ex-employees and their
families", Jugnoo-a welfare initiative specifically for Young
children of EIL employees. Financial support is extended to
employees for enhancing quality of life by way of various
'loans & advances'.

As a compassionate employer, the Company introduced a
Work from Home provision for regular employees, to be
considered in cases involving serious medical conditions

Yoga session organised for children of EIL employees under 'Jugnoo'

requiring prolonged treatment, where the employee
is able to work but is unable to physically attend the
office regularly.

Considering Employee health as utmost priority, the
Company promotes sports and wellness through initiatives
such as Annual Sports Day, marathons, cyclothons, trekking
activities, and sports tournaments.

Training & Development Initiatives -EIL's Training &
Development Division is committed to creating multiple
learning opportunities for human resources at each stage
of their career. Accordingly, Training & Development
Division facilitated enhancement of employee capabilities
by organizing structured domain and soft skills training
programs as per the Annual Training Calendar 2025-26.

External Nominations- Employees participated in various
external Training Programs including Certifications
Courses, Conferences, Summits and Workshops at National
and International forums.

With a focus on building Leadership Pipeline, Leadership
Development Programs were organized throughout the
year, illustrated as under:

Shikhar: EIL's Advance Leadership Development Program
feia was organized covering 18 officers in level 19-20 and
the programme was spread across three months.

Aarohan: The Leadership Journey of Batch XIV of
Aarohan commenced in January 2024. The programme
is uniquely designed to include Action Labs that provide
Development Inputs on themes centred around 'Leading
Self, Leading Teams & Leading Organisations'. In addition
to this, participants are put in cross functional teams to
work on assigned Action Learning Projects (ALPs) related
to Organisational goals and Strategic Intent.

Pragaman: Building Managerial Excellence (BME), a six-
day junior management level executive program was
conducted for a batch of 20 officers covering the area
Managing Interpersonal Relationships at Workplace,
Planning, Organizing and Goal-Setting, Global Business
Environment & Strategy, Financial Appreciation, Strategic
Thinking, etc.

Industry Training Programs: During FY 2025-26, EIL
successfully conducted Industry technical trainings in
various areas for National and International Clients.

Training programmes for foreign Nationals in collaboration
with ITEC-MEA: In furtherance to the initiative of being
a Global Training provider to Foreign Nationals, EIL
successfully conducted training programmes under
the Indian Technical and Economic Cooperation (ITEC)
programme of Ministry of External Affairs (MEA) namely;,
'We-Lead'- Women Leadership Programme & a 10-week
technical training programme for 30 delegates from
Mongolia, which commenced on 6 March 2025, concluded
on 10 May 2025. Additionally, EIL also commenced a three-
week technical training programme for 31 delegates from
Mongolia on 24 March 2026.

Synergia: Outbound learning Intervention- Team Building
Programmes (Synergia) were organized onsite and offsite
for employees across Levels 12 to 20 with expert facilitators.

Skill Development Initiatives: In line with the
Government of India's "Skill India Mission", apprenticeship
training was conducted in accordance with the provisions
of the Apprentices Act, 1961. During FY 2025-26, structured
training programs were designed for Management
Trainees (MTs) to equip them with the necessary skills and
functional knowledge, enabling them to effectively take on
their respective roles. Additionally, interns were engaged
under the Prime Minister's Internship Scheme to provide
exposure to real-life business environments and facilitate
the development of practical skills and work experience.
Vocational training was also imparted to undergraduate
students across various disciplines during the financial year.

HR Initiatives throughout the year included Capability/
Competency Assessments of Senior Executives through
Hogan Assessment & Assessment & Development Centres
(ADC) followed by one to one feedback sessions and
development planning workshops.

Annual Awards 2024-2025: With an aim to encourage,
inspire and enthuse employees, Annual Awards were
presented to employees under various award categories
on 15^th August 2025.

Under the aegis of Youphoria, the Youth Engagement
Platform for Millennials, Engineers India Limited
successfully organized various Competition such as
"Darpan," a photography competition for millennials
and 'URJAALEKH' (Intra-Industry Technical Paper Writing
Competition), wherein employees from Maharatna and
Navratana Oil and Gas CPSEs participated.

Women Development: Women constitute approximately
11.9% of EIL's human resources, of which 96% are in
the officer cadre. Various talks, training programmes
and workshop were organized throughout the year to
give focus to Women's Health and Well-being, Financial
Planning, women leadership & Women development.

In order to ease the re-entry of new mothers into
the work space after the maternity leave, Mother to
Mother (M2M) - New Mother Mentoring Programme
initiative was undertaken to facilitate discussion around
balancing responsibilities as new mothers with the
expectations at work.

Performance Management System:

A robust and transparent Performance Management
System is in place which enables the fostering of a
performance-based culture and performance assessment
in line with Industry best practices.

Implementation of Government Directives on
Scheduled Caste/ Scheduled Tribes

With a view to accelerate the pace of socio-economic
development of the nation, EIL has always endeavoured to
safeguard the interests of SC/ST employees. The Company
has appointed a Liaison Officer to work as a facilitator in
ensuring that due attention is paid to the issues of SC/ ST
employees. Management also encourages communication
with the office bearers of the SC/ST Employees' Welfare
Association by holding periodical meetings with the
Association. In addition, Scholarships were awarded
by EIL to 15 SC & ST (SC-10 and ST-5) undergraduate
engineering students.

On the occasion of 150^th birth anniversary of Bhagwan
Birsa Munda, period from 15.11.2024 to 15.11.2025 was
celebrated as 'Janjatiya Gaurav Varsh' in EIL. As part of year¬
long celebrations, various activities like supply of medical
equipment to Hospitals in tribal areas, organization of
health camps in EIL sites near tribal areas, distribution
of school kits and sports kits in tribal areas etc. were
undertaken. At EIL, the percentage of employees belonging
to Scheduled Castes and Scheduled Tribes was 18.6 % and
5.4% respectively of the total employee strength of the
Company (as on March 31,2026).

Implementation of Government Directives on Other
Backward Classes

The Company has appointed a separate Liaison Officer for
OBCs, to work as a facilitator in ensuring that due attention
is paid to the issues of OBC employees. The percentage of
employees belonging to Other Backward Class (OBC) was
20.7% of the total employee strength of the Company (as
on March 31,2026).

Implementation of Government Directives on
Economically Weaker Section (EWS)

The Company has implemented government directives
pertaining to reservation of Economically Weaker
Section (EWS).

Initiatives for the Benefit of Persons with Disabilities

EIL is implementing the provisions of "The Rights of
Persons with Disabilities Act, 2016" by way of providing
reservation for Persons with Disabilities. The Company has
also formulated Equal Opportunity Policy and appointed
a Grievance Redressal Officer for Persons with Disabilities
(PwD) (Divyangjan). As on March 31, 2026, there are 44
PwD employees on the rolls of the Company. Special
Transport Allowance is being granted to eligible Persons
with Disabilities as per guidelines.

Presidential Directives and Guidelines issued by GOI
regarding reservation in service for SC/ST/OBC/PwD
(Persons with Disability)/ EWS (Economically Weaker
Section) were conscientiously implemented to promote
Diversity & Inclusion.

16.    Corporate Social Responsibility

The Company's CSR initiatives and activities are aligned to
the requirements of Section 135 of the Act.

A brief outline of the CSR policy and the initiatives
undertaken by the Company on CSR activities during
the year under review are set out as a part this
report in the format prescribed in the Companies
(Corporate Social Responsibility Policy) Rules, 2014.
This Policy is available on the Company's website at
https://engineersindia.com/corporate-social-responsibility

For other details regarding the CSR Committee, please
refer to the Corporate Governance Report, which forms
part of this report.

17.    Make In India - Aatmanirbhar Bharat

Since its inception, your Company has been committed
to fostering a conducive ecosystem for the growth and
development of domestic suppliers, supporting the
objectives of Make In India. Your Company actively supports,
guides and handholds suppliers in strengthening their
capabilities and enhancing capacities. An array of initiatives
are being undertaken to promote indigenisation, including:

Aatmanirbhar Bharat Initiatives:

Vendor development and enlistment processes at EIL
place special emphasis on import substitution and
strengthening indigenous capabilities. Accordingly, the
Aatmanirbhar-1 and Aatmanirbhar-2 enlistment categories
have been created in alignment with the objectives of the
Aatmanirbhar Bharat Abhiyan.

The items, equipment and products for which the
existing list of approved manufacturers does not include
any domestic manufacturer are classified under A-1
(Aatmanirbhar-1) category. Those for which the existing list
includes up to two domestic manufacturers are classified
under A-2 (Aatmanirbhar-2) category.

•    EIL has added First Indian supplier in 65 different
item categories.

•    EIL has added Second Indian supplier in 121 different
item categories.

•    Total 187 different item categories have been enlisted
under A1 & A2 categories.

EIL's Make in India Policy

Based on GOI's Make In India campaign, your company had
issued a Make In India Policy in 2016 & revised the same in
2017. As per this policy, Indian subsidiary can be enlisted/
qualified in the tenders subject to certain conditions,
using the experience & support of either foreign principal
or another subsidiary of the foreign principal, having
the required experience. In FY 2025-26, for 03 product
categories, 2 manufacturers have been enlisted / upgraded
by EIL. Till date, 48 different product categories, 31
manufacturers have been enlisted / upgraded by EIL under
Make in India initiatives.

Enlistment through Prototype route

Your company has also issued a policy to augment
supplier's capabilities wherein maximum three Indian
players exist, even manufacturer without PTR are being
allowed to develop prototypes with handholding. They are
considered qualified based on the successful development
& testing of a prototype, meeting the stipulated technical
specifications as well as capability and capacity of the
plant being upgraded to meet the requisite standards.
Till date, 8 different product categories, 7 manufacturers
have been enlisted/upgraded by your company through
Prototype route.

EIL's other efforts for growth of domestic industry

EIL showcased a Make In India (MII) Pavilion during 4^th
edition of 'India Energy Week' held on January 27-30,
2026 with participation of 36 suppliers displaying various
latest Industrial products viz Static Equipment, Rotating
Equipment, Piping, Electrical & Instrumentation, etc.
operating in the MII ecosystem.

Lakshya Bharat Portal

Under the guidance of MoPNG, your company has
developed a reliable, scalable information system (titled
as "Lakshya Bharat Portal"). This web-based portal is
intended to provide opportunities for new entrepreneurs
as well as existing manufacturers both Indian & Foreign, to
invest/ expand their manufacturing base in India under the
Make In India Policy, with an endeavour to make India an
Aatmanirbhar Bharat.

Subsequently, in order to facilitate real time data update
by various Oil PSUs, your company has developed APIs
(Application Programming Interface) and successfully
integrated same with its database. This portal is being
used by Oil & Gas companies to highlight all Capital
goods & MRO (Maintenance Repair & Overhaul) items
procured by OPSUs.

Regular Vendor Meets

Your Company has been organising manufacturers'
meets from time to time with an intention to meet the
entire vendor community to understand their issues and
pain areas. In addition, focused meets have been held
on specific items providing the intending entrepreneurs
and existing manufacturers with the detailed perspective
of the most sought after product. Moreover, meets were
organised with MSE-SC/ST and Woman Entrepreneurs for
inclusive growth of all sections of society. In FY 2025-26,
your company has organised 14 Vendor Meets.

Start Up India

In line with the Government of India's 'Start-up India'
initiative, your company has implemented a policy to
encourage and support start-ups (with no PTR for the item
under consideration) to manufacture the item and, and
upon successful completion, become an enlisted supplier
with the company.

Online 24x7 empanelment process

To facilitate the empanelment/ development process
for various goods and services, enlistment portal in the
company is made live on 24x7 basis for all suppliers and
contractors seeking empanelment in EIL Master Supplier /
Contractor list.

Handholding through a chain of Regional
Procurement Offices

Your company has 09 (Nine) Procurement offices located
throughout India which are closely interacting with the
Indian Manufacturers in respective regions and providing
all necessary procedural and technical support & guidance
to improve quality and range of manufacturing.

18. Procurement Highlights

The Company continued to strengthen its procurement
systems and supply chain management processes during
FY 2025-26, with sustained emphasis on transparency,
efficiency, digitalisation, timely project execution and
alignment with national procurement objectives.
Procurement activities were undertaken for consultancy
assignments executed by the Company, as well as for
direct procurement relating to in-house requirements and
turnkey/LSTK/OBE/depository projects.

During the year, the total procurement handled by the
Company stood at H 31,737.03 crore, with detail as below:

•    For projects where EIL worked as a consultant:
H 30,699.11 crore

•    For various LSTK/OBE/Depository projects:
H 724.17 crore

•    For EIL's in-house requirements: H 313.74 crore

The procurement portfolio reflects the Company's strong
project execution capability across diverse sectors
including refining, petrochemicals, pipelines, infrastructure
and other industrial projects.

For procurement undertaken on the EIL's account (excluding
consultancy procurement), the total procurement
value of Goods, Services and Works stood at H 1,037.91
crore, comprising:

•    Goods & Services: H 481.06 crore

•    Works: H 556.85 crore

The Company continued to leverage e-procurement
systems, digital tendering platforms and the Government
e-Marketplace (GeM) to enhance efficiency, transparency,
competition and ease of doing business.

GeM Procurement

The Company accorded continued thrust to procurement
through the Government e-Marketplace (GeM) platform,
in line with Government of India initiatives promoting
transparent, efficient and digital public procurement.

During FY 2025-26, GeM procurement achieved by the
EIL is as under:

•    Approved Procurement Plan through
GeM: H 102.42 crore

•    Actual Procurement through GeM: H 268.17 crore

Accordingly, procurement through GeM stands at 55.75% of
total Goods & Services procurement for EIL on a standalone
basis, significantly exceeding the MoU target of 40%.

At the consolidated level (EIL and CEIL), procurement
through GeM stood at 56.24% of total Goods &
Services procurement.

This performance reflects the Company's continued
commitment towards adoption of digital public
procurement platforms, enhanced transparency and
optimum value realization.

MoU Compliance Parameters

In line with the guidelines of the Department of Public
Enterprises (DPE), procurement performance under
Memorandum of Understanding (MoU) parameters was
closely monitored during the year.

Standalone

Under socio-economic procurement parameters,
achievements were as under:

•    Procurement from MSEs: 46.30% (against target of
25%) of total Goods & Services procurement of EIL

•    Procurement from Women-owned MSEs: 3.03%
(against target of 3%) of total Goods & Services
procurement of EIL

•    Procurement from SC/ST-owned MSEs: 0.11%
(against target of 4%) of total Goods & Services
procurement of EIL

Consolidated (EIL and CEIL)

At the consolidated level, procurement from MSE
categories was as under:

•    MSEs: 46.89%

•    Women-owned MSEs: 3.75%

•    SC/ST-owned MSEs: 0.11%

The Company remains committed to further strengthening
inclusive procurement practices, enhancing participation
of MSEs, SC/ST entrepreneurs and women-led enterprises,
while expanding procurement through GeM and other
transparent digital platforms.

19. Official Language

The Company continued its focused efforts towards
effective implementation of the Official Language Policy
during FY 2025-26. Several significant initiatives have been
undertaken in this regard, as outlined below:

•    Statutory Compliance: Provisions of the Official
Language Act, 1963 and the Rules framed thereunder
were duly complied with, and the use of Hindi in

day-to-day official work was ensured in line with
Government guidelines.

•    Workshops and Meetings: Official Language
Implementation Committee (OLIC) meetings were
held regularly across all offices to review progress and
monitor the targets set under the Annual Programme.
Senior officers actively participated in TOLIC meetings.
In addition, several Hindi workshops were conducted
during the year to enhance the working knowledge of
Hindi among employees.

•    Hindi Fortnight Celebration (14-29 September,
2025): Hindi Pakhawada was celebrated across
the Company from 14 to 29 September, 2025 with
various competitions and activities to promote the
progressive use of Hindi. World Hindi Day was also
observed with enthusiastic participation. Regional
Rajbhasha Conferences were organized across Delhi/
Gurugram, Kolkata, Mumbai, Vadodara and Chennai
to review progress and share best practices.

•    Parliamentary Committee Inspection: The

Parliamentary Committee on Official Language (Draft
& Evidence Sub-Committee) inspected the EIL Regional
Office, Kolkata on 20 September, 2025 and recorded
excellent remarks on the implementation of the
Official Language Policy. The R&D Office, Gurugram
and Mumbai Branch Office were also inspected by the
Regional Implementation Offices of the Department
of Official Language, Ministry of Home Affairs, which
appreciated the Company's efforts. In addition,
internal Rajbhasha inspections were conducted in
various departments/offices.

20. Subsidiary, Joint Ventures and Associate
Companies

As on March 31, 2026, your Company has one wholly
owned subsidiary, two Joint Ventures including a JV under
liquidation and one Associate company.

Subsidiary Company

Certification Engineers International Ltd (CEIL), a wholly
owned subsidiary of the company, delivered a year of strong
operational performance and strategic expansion during
FY 2025-26. Reinforcing its position as a premier Third-
Party Inspection (TPI), Certification, HSE Audit, and Quality
Assurance organization, CEIL executed a wide spectrum
of high-value assignments across oil & gas, refinery,
infrastructure, pipelines, railways, defence, and emerging
sectors such as energy transition and smart infrastructure. A
landmark Memorandum of Agreement with Oil and Natural
Gas Corporation, followed by work orders aggregating
H76.38 Crore during the year, underscored CEIL's leadership
in offshore and onshore inspection and certification services.

CEIL expanding its footprint across City Gas Distribution
networks, refinery units, high-speed rail, smart cities, and
defence projects reflects its growing credibility and technical
excellence in supporting critical national assets.

The order book for the FY 2025-26 is approx. H 180 Crore.
During the year, CEIL further diversified its portfolio by
strengthening its presence in infrastructure, railways,
ports, power distribution, and institutional sectors, while
also expanding into education and research domains. CEIL
delivered comprehensive inspection, vendor assessment,
and safety audit services across complex and geographically
diverse projects, ensuring adherence to stringent quality,
safety, and regulatory standards. CEIL continued to
provide strategic support to Engineers India Limited,
through deployment of specialized technical manpower
and execution of domestic and international assignments,
including overseas projects. With its continued focus
on digital enablement, operational excellence, and
customer-centric service delivery, CEIL remains committed
to strengthening client credibility and contributing to
sustainable infrastructure and industrial growth.

The Board of Directors of CEIL have recommended final
dividend of H 131/- per share (on face value of H 100 per
share) for the financial year 2025-26, in addition to H 75/- per
share interim dividend already paid during the year. With
this, the total dividend for the financial year 2025-26 works
out to H 206/- per share amounting to H 1854 Lakhs.

Joint Ventures
RFCL

RFCL is a Joint Venture Company of National Fertilizers
Limited (NFL), Engineers India Limited (EIL) and Fertilizer
Corporation of India Limited (FCIL) (Promoters) with 26%
equity each by NFL & EIL. FCIL has been granted 11%
equity in terms of CCEA approval. Govt. of Telangana has
also taken equity participation of 11% equity. The plant
with the capacity of 2,200 MTPD Ammonia Unit and 3,850
MTPD Urea Plant has declared its commercial operation
of the Ramagundam Unit on March 22, 2021. For financial
year 2025-26, RFCL produced 8,56,195 MT and dispatched
8,57,238 MT of neem-coated prilled urea.

TEIL- Under Liquidation
Associate Company

EIL along with ONGC Videsh Singapore Pte. Ltd., GAIL (India)
Ltd., IOCL Singapore Pte. Ltd. and Oil India International
Pte. Ltd., having participating interest of 20% each, had
incorporated a Limited Liability Company namely LLC
Bharat Energy Office (LLC BEO) in Moscow, Russia to
facilitate liasioning with the Russian Hydrocarbon Industry
and to monitor the existing investments in Russia.

Pursuant to the provisions of Section 129(3) of the Act,
a statement containing the salient features of financial
statements related to Subsidiary/Associate/Joint Venture
Companies is attached to the financial statements
of the Company.

Further, pursuant to the provisions of Section 136 of the
Act, read with Regulation 46 of the SEBI Listing Regulations
the financial statements of the Company, consolidated
financial statements along with relevant documents
and separate audited financial statements in respect
of subsidiary, is available on the Company's website on
https://www.engineersindia.com/Investor/Landing

21.    Corporate Governance

The Company is committed to good Corporate Governance
as per the requirements of SEBI Listing Regulations and
DPE Guidelines. The Board of Directors support the broad
principles of Corporate Governance. In addition to the basic
issues, EIL Board lays strong emphasis on transparency,
professionalism and accountability. As required under
SEBI Listing Regulations and DPE Guidelines on Corporate
Governance, the Report on Corporate Governance, together
with the Auditors' Certificate on compliance of conditions
of Corporate Governance is annexed to this report.

22.    Directors' Responsibility Statement

Pursuant to Section 134(5) of the Act, the Board of Directors,
to the best of its knowledge and ability, confirm that:

a)    in the preparation of the annual accounts for the year
ended March 31, 2026, the applicable accounting
standards read with requirements set out under
Schedule III to the Companies Act, have been followed
and there are no material departures from the same;

b)    the Directors have 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 as at March 31,2026 and of the profit of the
Company for the year ended on that date;

c)    the Directors have taken proper and sufficient
care 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;

d)    the Directors have prepared the annual accounts on a
'going concern' basis

e)    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

f) the Directors have devised proper systems to ensure
compliance with the provisions of all applicable
laws and that such systems are adequate and
operating effectively.

23. Directors and Key Managerial Personnel

Appointment

1)    Shri Praveen M. Khanooja (DIN: 09746472) Additional
Secretary, Ministry of Petroleum & Natural Gas
(MoPNG) was entrusted the additional charge
Chairman & Managing Director of the Company.
Consequent upon his appointment by the Board, he
assumed the office of Chairman & Managing Director
w.e.f. 01.03.2026 for a period of 3 months, which was
further extended for a period of 3 months or till the
appointment of regular incumbent to the post or until
further orders, whichever is the earliest, effective
from 01.06.2026.

2)    Shri Atul Gupta (DIN: 09704622) has assumed the
charge of the post of Chairman & Managing Director
of the Company w.e.f. 29.06.2026.

3)    Smt. Kahuli Sema (DIN: 11893225) and Shri
Ashish Kumar Gupta (DIN: 00728633) appointed as
Independent Directors w.e.f. 14.08.2026, pursuant to
MOPNG letter dated 12.08.2026.

Cessation :

1)    Smt. Vartika Shukla (DIN: 08777885) ceased to be the
Chairman & Managing Director of the Company w.e.f.
01.03.2026 consequent upon her superannuation.

2)    Shri Deepak Mhaskey (DIN: 09396329) and Smt.
Karuna Gopal Vartakavi (DIN: 05304803) ceased to be
Independent Directors of the Company consequent
upon completion of their tenure on 27.03.2026.

3)    Shri Atul Gupta (DIN: 09704622) ceased to be Director
(Commercial) consequent upon his appointment
as Chairman & Managing Director of the Company
w.e.f. 29.06.2026.

4)    Shri Praveen M. Khanooja (DIN: 09746472)
ceased to be Chairman & Managing
Director (Addl. charge) w.e.f. 29.06.2026
consequent upon appointment of regular incumbent.

Entrustment of Additional Charge:

1) Shri Atul Gupta (DIN: 09704622) is holding additional
charge of Director (Commercial) from 30.06.2026.

The Board places on record its deep sense of appreciation
for the guidance and invaluable contribution made by the
Directors, who have ceased during the year as Directors
of the Company.

In terms of the provisions of the Companies Act, 2013
and the Articles of Association of the Company, Shri Rajiv
Agarwal, Director (Technical) and Shri Arun Kumar, Director
(Govt. Nominee) are liable to retire by rotation and being
eligible are proposed to be re-appointed at the 61^st Annual
General Meeting (AGM).

Details of the proposals for appointment/re-appointment
of Directors along with their brief profile are provided in
the notice of the AGM.

24.    Declaration by Independent Director

Independent Directors of the Company have submitted
the declaration confirming that they meet the criteria of
independence as prescribed under Section 149(6) of the
Companies Act, 2013, Regulation 16(1 )(b) of SEBI Listing
Regulations and they are not aware of any circumstance
or situation, which exist or may be reasonably anticipated,
that could impair or impact their ability to discharge their
duties with an objective of independent judgment and
without any external influence.

The Board is of the opinion that the Independent Directors
of the Company possess requisite qualifications, experience
and expertise and they hold highest standards of integrity.
Further, Independent Directors of the Company have
complied and affirmed to abide by Rule 6 of the Companies
(Appointment and Qualification of Directors) Rules, 2014,
as amended from time to time, and have also declared
their enrolment in the data bank of Independent Directors
maintained by Indian Institute of Corporate Affairs ('IICA').

25.    Number of Meetings of the Board

Fourteen meetings of the Board were held during the
year under review. The intervening gap between any
two meetings was within the period prescribed under
the Companies Act, 2013, SEBI Listing Regulations and
DPE Guidelines on Corporate Governance. For details
of meetings of the Board, please refer to the Corporate
Governance Report, which forms part of this report.

26.    Composition of Audit Committee

The details pertaining to the composition of the
Audit Committee are included in the Corporate
Governance Report, which form part of this report. The
recommendations made by the Audit Committee during
the year were accepted by the Board.

27.    Nomination and Remuneration Committee

The details pertaining to the composition of the NRC
Committee are included in the Corporate Governance
Report, which is a part of this report.

EIL is a Public Sector Undertaking (Government Company)
and the appointment of Directors, both Executive and Non¬
Executive are made by the Government of India and are being
paid remuneration as per the terms of their appointment.

28.    Performance Evaluation of the Board

EIL is a Public Sector Undertaking (Government Company)
and the appointment of Directors, both Executive and Non¬
Executive are made by the Government of India. Therefore,
the Company has not laid down any criteria for performance
evaluation of the Independent Directors and the Board.
However, regular inputs on performance of Independent
Directors are being provided to administrative Ministry as
well as Department of Public Enterprises (DPE).

29.    Vigilance Mechanism/Whistle Blower Policy

The Company has a Whistle Blower Policy and has
established the necessary vigil mechanism for directors
and employees in confirmation with Section 177(9) of the
Act and Regulation 22 of SEBI Listing Regulations, to report
concerns about unethical behavior. This Policy is available
at the Company's websitehttps://www.engineersindia.
com/Investor/Landing.

30.    Particulars of Contracts or Arrangements
made with Related Parties (RPTs).

In line with the provisions of the Companies Act, 2013 and
the SEBI Listing Regulations, the Company has a policy on
materiality of Related Party Transactions and also on dealing
with Related Party Transactions. The said Policy was revised
on 27.03.2026 and is available on the website of the Company
athttps://www.engineersindia.com/Investor/Landing.

The Company gives the disclosure regarding material
transactions with related parties on quarterly basis along
with the compliance report on Corporate Governance.
As per requirements of Section 134 (3) of Companies Act,
2013 read with Rule 8 of Companies ((Accounts) Rule,
2014, particulars of contracts or arrangements with related
parties as referred in section 188 (1) of the Companies Act,
2013 (AOC-2) is annexed to this report. Further, suitable
disclosure as required by the Indian Accounting Standard
(Ind AS-24) "Related Party Disclosures" has been given in the
Notes to the Financial Statements.

31.    Details of Loans/Investments/Guarantees

In compliance with the provisions of the Companies
Act, 2013, the details of investments made and loans/
guarantees provided as on 31.03.2026 are given in the
respective Notes to the financial statements.

32.    Reporting of Frauds by Auditor

During the year under review, neither the statutory
auditors nor the secretarial auditor has reported to the
Audit Committee, under Section 143(12) of the Companies
Act, 2013, any instances of fraud committed against the
Company by its officers or employees.

33.    Transfer of Amounts/ Securities to Investors
Education and Protection Fund

A detailed disclosure on unpaid/unclaimed dividend and
shares transferred to the IEPF in Compliance with the
provisions of the Companies Act, 2013 has been given in
the Corporate Governance Report which forms part of this
Annual Report. The same is also available on the website
of the Company athttps://www.engineersindia.com/
Investor/Landing.

34.    Annual Return

Pursuant to Section 92(3) read with Section 134(3)(a) of the
Act, the Annual Return as on March 31, 2026 is available
on the Company's website athttps://www.engineersindia.
com/Investor/Landing.

35.    Code of Conduct

Your company has formulated a Code of Business
Conduct and Ethics for Board of Directors and Senior
Management Personnel. All Board Members and Senior
Management Personnel have given their confirmation of
compliance for the year under review. A declaration duly
signed by C&MD is given under para 2(vi) of the Report on
Corporate Governance annexed to this Report. The Code
of Business Conduct and Ethics for Board of Directors and
Senior Management Personnel are given on the website
of the Company athttps://www.engineersindia.com/
Investor/Landing.

36.    Statutory Auditors

M/s Datta Singla & Co, Chartered Accountants were
appointed as Auditors of the Company for the financial year
2025-26 by the Office of Comptroller & Auditor General
of India. The Statutory Auditor's Report on standalone
and consolidated financial statements do not contain
any qualifications, reservations, or adverse remarks
or disclaimer.

37.    Secretarial Auditors

During the year under review, the Members approved
the appointment of M/s VAP & Associates, Company
Secretaries (Firm Registration No P2023UP098500) as
the Secretarial Auditors of the company to hold office
for a term of five consecutive years upto FY 2029-30, The
Secretarial Auditors conducted audit for the financial year

2025-26, as required under Section 204 of the Companies Act, 2013 and Rules there under. The Secretarial Audit Report for the
financial year 2025-26 is annexed to this Report.

Management's replies on the observations of Secretarial Auditors Report is also annexed to this report.

38.    Cost Auditors

EIL does not fall under the cost audit rules and therefore, there is no requirement of cost audit and maintance of cost records
for the Company in terms of amended Companies (Cost Records and Audit) Rules.

39.    Comptroller and Auditor General of India's (C&AG)'s Audit

The C&AG has conducted supplementary audit under Section 143(6) (b) of the Companies Act, 2013 and issued Nil comments.
The Nil comments report is annexed in this Annual Report.

C&AG Paras from other Audit

As at 31^st March, 2026, there is no pending published para related to C&AG Audit.

40.    Disclosures under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and
Redressal) Act, 2013 [“POSH Act"]

Your Company follows a zero-tolerance approach towards sexual harassment and remains firmly committed to ensuring
the safety, dignity and well-being of all employees. It strives to foster a safe, inclusive and respectful workplace across all its
operations. The Company has implemented a Policy on the Prevention of Sexual Harassment, aligned with the POSH Act and
other applicable laws across the jurisdiction in which it operates.

Internal Committees ("ICs") have been constituted in accordance with the requirements of the POSH Act.

The Company continues to strengthen awareness and prevention through regular training & structured awareness programmes.
The details of complaints received, disposed and pending, during the Financial Year 2025-26 are as follows:

41.    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.

42.    Secretarial Standards

The Company has devised proper systems to ensure
compliance with the provisions of all applicable Secretarial
Standards issued by the Institute of Company Secretaries
of India (SS-1 & SS-2) and that such systems are adequate
and operating effectively.

43.    Particulars of Employees

As per the provisions of Section 197 of the Companies Act,
2013 and rules made thereunder, Government Companies
are exempted from inclusion of the statement of particulars
of employees. The information has, therefore, not been
included as part of the Directors' Report.

44. Right to Information

As a Public Authority, EIL is committed to implementing the
provisions of the Right to Information Act, 2005 (RTI Act) in
both letter and spirit. A dedicated RTI Cell operates from
the Head Office in New Delhi to handle matters related
to the Act and ensure compliance with its requirements.
In addition to processing physical RTI applications, the
Company also receives and responds to online applications
submitted via the Government of India's unified RTI
portal, www.rtionline.gov.in.

In accordance with Section 4(1) (b) of the Act, EIL proactively
discloses information through its official website and
regularly updates the details of its Central Public
Information Officer (CPIO), Assistant Public Information
Officer (APIO) and First Appellate Authority.

During the year 2025-2026, EIL efficiently handled and disposed of 257 RTI applications within the stipulated timeframe,
providing information as per the provisions of the Act. Additionally, the Company addressed 48 First Appeals related to CPIO
responses, all of which were appropriately resolved by the First Appellate Authority during the same period.

45. Conservation of Energy, Research and Development, Technology Absorption, Foreign Exchange
Earnings and Outgo

In accordance with the provision of the Companies Act, 2013 and rules framed thereunder, particulars relating to Energy
Conservation, Technology Absorption are given under Research & Development and Sustainable Development Sections of the
Directors' Report.

Information regarding imports, foreign exchange earnings and expenditures etc. (excluding exchange difference on conversion
of foreign currency) is as following:

46.    Significant and Material Orders

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

47.    Other Disclosures

No disclosure or reporting is required in respect of the
following item as either these were not applicable or there
were no transactions on these items during the financial
year 2025-26: -

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 (including sweat equity shares) to
employees of the Company under any scheme.

4.    Neither the Managing Director nor the Whole-time
Directors of the Company receive any remuneration
or commission from any of its subsidiaries.

5.    The names of companies which have become or
ceased to be joint ventures or subsidiary companies
during the year are NIL.

6.    Details of application made or any proceeding pending
under the Insolvency and Bankruptcy Code, 2016 : Nil.

7.    Details of the difference between the amount of the
valuation done at the time of one-time settlement
and the valuation done while taking a loan from
the bank or financial institutions along with the
reasons thereof: Nil.

8.    There are no material changes and commitments
affecting the financial position of the Company which
have occurred between the end of the financial year
and the date of this report.

48. Acknowledgement

The Directors are grateful for all the help, guidance and
support received from Ministry of Petroleum & Natural
Gas and from other Ministries of the Government of
India. Directors are also grateful to the Bankers, Statutory
Auditors, Comptroller & Auditor General of India and the
investors for their continued patronage and confidence
in the Company.

The Directors thank all our esteemed clients for the faith
and trust reposed in the Company. With continuous
learning, skill upgradation, technology development, your
Company continue to provide world class professionalism
and services to our clients.

The Directors thank all associates, vendors and contractors
within the country and abroad, for their continued support
without which EIL could not have achieved the desired
results. Your directors are grateful to all the Foreign

Missions in India and Indian Missions abroad in countries
where EIL has business operations for their continued
help and support.

The Directors wish to convey their appreciation to all
employees for the valuable services and cooperation
extended by them and are confident that they will continue
to contribute their best towards achieving still better
performance in future.

For and on behalf of the Board of Directors

Sd/-
Atul Gupta

Chairman and Managing Director
Place: New Delhi and Addl. Charge Director (Commercial)
Date: 21.08.2026    DIN: 09704622