Interim report
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ION EXCHANGE Refreshing the Planet August 5 , 2026 To BSE Limited The Corporate Relationship Dept. P.J. Towers , Dalal Street Mumbai - 400 001 Scrip Code : 500214 National Stock Exchange of India Limited Exchange Plaza , C - 1 , Block- G , Bandra Kurla Complex , Bandra ( East ) , Mumbai - 400 051 Symbol : IONEXCHANG Sub : Outcome of the Board Meeting under Regulation 30 read with Regulation 33 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 Dear Sir / Madam , Pursuant to Regulation 30 and Regulation 33 of SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 , we wish to inform you that the Board of Directors of the Company at its Meeting held today i.e. Wednesday , August 5 , 2026 has , inter - alia , considered and approved the Unaudited Financial Results ( Standalone and Consolidated ) of the Company for the first quarter ended June 30 , 2026. A copy of the said Unaudited Financial Results together with the Limited Review Report for the quarter ended June 30 , 2026 are enclosed herewith . The meeting of the Board of Directors of the Company commenced at 02.00 p.m. and concluded at 06:00 p.m. The above information is available on the website of the Company and can be accessed at www.ionexchangeglobal.com . Kindly take the information on record . Thanking You , Yours faithfully , For Ion Exchange ( India ) Limited Bolanki Nikisha Solanki EXCH ANGE NDIA ) DIA ) LT MUMBAI 11 ΤΟΝ Company Secretary & Compliance Officer ACS - 50894 Encl .: As Stated Above LTD ION EXCHANGE ( INDIA ) LTD . | CIN : L74999MH1964PLC014258 Regd . Office : Ion House , Dr. E. Moses Road , Mahalaxmi , Mumbai 400 011 , India . Fax : +91 22 2493 8737 | E - mail : ieil@ionexchange.co.in Web : www.ionexchangeglobal.com Board : +91 22 6231 2000 Offices : Bengaluru | Bhubaneswar | Chandigarh | Chennai | Hyderabad | Kolkata | Lucknow | New Delhi | Pune | Vadodara | Vashi | Visakhapatnam
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Deloitte Haskins & Sells LLP Chartered Accountants One Internationa l Center, Tower 3, 31st Floor, Senapati Bapat Marg Elphinstone Road (West) Mumbai-400013 Maharashtra, India Tel: +91 22 6185 6000 Fax: +912261854101 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF Ion Exchange (India) Limited 1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of Ion Exchange (India) Limited ("the Company"), which includes IEI Shareholding (Staff Welfare) Trusts - (Sixty Trusts) and HMIL Shareholding (Staff Welfare) Trusts - (Seventeen Trusts) ("Trusts") for the quarter ended June 30, 2026 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations"). 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements {SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. 4. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. Regd. Office: One International Center, Tower 3, 31st floor, Senapati Ba pat Marg, Elphinstone Road (West}, Mumbai-400 013, Maharashtra, India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identificat ion No: AAB-8737
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Deloitte Haskins & Sells LLP 5. The Statement includes the interim financial information of IEI Shareholding (Staff Welfare) Trusts - (Sixty Trusts) and HMIL Shareholding (Staff Welfare) Trusts - (Seventeen Trusts) ("Trusts") which have not been reviewed by their auditors, whose interim financial information reflect total revenue of Rs. 31. 73 lacs, total net profit after tax of Rs 30.43 lacs and total comprehensive income of Rs. 30.43 lacs for the quarter ended June 30, 2026, as considered in the Statement. According to the information and explanations given to us by the management, this interim financial information is not material to the Company. Our conclusion on the Statement is not modified in respect of our reliance on the interim financial information certified by the Management. Place: Mumbai Date: 5th August 2026 For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) PALLA VI M Digitally signed by PALLAVI M SHARMA SHARMA Date: 2026.08.05 19:30:39 +05'30' Pallavi Sharma Partner Membership No. 113861 UDIN: 26113861ZQNUJM5872
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ION EXCHANGE (INDIA) LIMITED Regd. Office ; Ion House, Dr. E. Moses Road, Mahalaxmi, Mumbai - 400 011 (CIN - L74999MH1964PLC014258) Statement of unaudited standalone financial results for the quarter ended 30th June 2026 INR in Lacs Quarter ended Year ended Particulars 30.06.2026 3i.03.2026 30.06.2025 31.03.2026 Unaudited Unaudited Unaudited Audited (refer Note 4) I Income a) Revenue from operations 63,556 81,391 51,783 267,891 b) Other income 1,324 4,470 1,952 9,495 Total income 64,880 85,861 53,735 277,386 II Expenses a) Cost of materials consumed (refer note S) 37,332 57,217 29,437 170,034 b) Purchase of stock-in-trade 4,042 4,256 2,949 14,624 c) Changes in inventories of finished goods, (53) {3,664) (1,239) (9,206) stock-in-trade and work-in-progress d) Employee benefits expense 8,809 9,379 7,680 33,155 e) Finance costs 821 1,007 166 2,054 f) Depreciation and amortisation expense 2,034 1,838 1,103 5,758 g) Other expenses 10,358 13,095 7,335 40,851 Total expenses 63,343 83,128 47,431 257,270 Ill Profit before exceptional item and tax (I - II) 1,537 2,733 6,304 20,116 IV Exceptional Item Impact of Labour Codes [Refer note 2] - - - 1,454 V Profit before tax ( Ill - IV) 1,537 2,733 6,304 18,662 VI Tax expense Current tax 392 1,562 1,456 5,471 Deferred tax charge/ (credit) s (786) 160 (647) Total tax expense 397 776 1,616 4,824 VII Profit after tax (V - VI) 1,140 1,957 4,688 13,838 VIII Other comprehensive income Items that will not be reclassified to grofit or loss (a) Remeasurement benefit of defined benefit plans (20) (72) (3) (81) (b) Income tax expense on remeasurement benefit of 5 18 1 20 defined benefit plans Other comprehensive loss (net of tax) (VIII) {15) (54) (2) (61) IX Total comprehensive income {Vll+VIII) 1,12S 1,903 4,686 13,777 X Paid-up equity share capital (Face value INR 1 per share) 1,467 1,467 1,467 1,467 XI Other equity 137,497 XII Earnings per equity share (EPS) [Refer note 3] (not annualised, except for the year ended 31st March 2026) a) Basic EPS {INR) 0.927 1.592 3.814 11.257 b) Diluted EPS {INR) 0.927 1.592 3.814 11.257 Notes: 1) The above standalone financial results which are published in accordance with Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 ('Listing Regulations') have been reviewed by the Audit Committee at their meeting held on 5th August 2026 and approved by the Board of Directors at their meeting held on 5th August 2026. The financial results are prepared in accordance with the Ind AS prescribed under Section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India. 2) On 21st November, 2025 the Government of India notified four Labour Codes. These Labour Codes consolidate twenty-nine existing labour laws into a unified framework governing employee benefits during employment and post-employment and amongst other things introduce changes, including a uniform definition of wages and enhanced benefits relating to leave. The adjustments for Labour Codes represent an increase in gratuity liability arising out of past service cost and increase in leave liability together by INR 1,454 Lacs. Considering the impact arising out of an enactment of the new legislation is an event of non-recurring nature, the Company has presented this incremental amount as "Impact of Labour Codes" under "Exceptional Item" in the Standalone financial results for the year ended 31st March 2026. 3) Earnings per equity share includes Ind AS impact of consolidation of 23,689,390 equity shares of INR 1 each and 46,750 equity shares of 1 each held by IEI Shareholding (Staff Welfare) Trusts and HMIL Shareholding (Staff Welfare) Trusts respectively. 4) The figures for the quarter ended 31st March 2026 are the balancing figures between audited figures in respect of the full financial year and the unaudited year to date figures upto the third quarter ended 31st December 2025, which were subjected to limited review. 5) Cost of material consumed includes direct expenses incurred on contracts of : a) INR 2,856 Lacs for the quarter ended 30th June 2026, INR 3,234 Lacs for the quarter ended 31st March 2026 and INR 1,810 Lacs for the quarter ended 30th June 202S. b) INR 9,959 Lacs for the year ended 31st March 2026. Place; Mumbai Date ; 5th August 2026 For Ion Exchange {India) Limited RAJESH Olgitallysignedby CHANDRABH :~~CHANDRABHAN AN SHARMA ~~~!2:o~~3~~ Rajesh Sharma Executive Chairman I NDRANE ~~~~Es~~~e~ EL DUTT ~;~e;:;~2!,~~3~~ lndraneel Dutt Managing Director & CEO
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Deloitte Haskins & Sells LLP Chartered Accountants One Internat ional Center, Tower 3, 31 st Floor, Senapati Bapat Marg Elphinstone Road (West) Mumb ai - 400 01 3 Mahara shtra, India Tel: +91 22 6185 6000 Fax: +91 22 618541 01 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF Ion Exchange {India) Limited 1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of Ion Exchange (India) Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), and its share of the net profit after tax and total comprehensive income of its associates for the quarter ended June 30, 2026 ("the Statement") [which includes the IEI Shareholding (Staff Welfare) Trusts (Sixty Trusts) and HMIL Shareholding (Staff Welfare) Trusts - (Seventeen Trusts) ("Trusts")] being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulat ions") . 2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of Parent's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. Regd. Office: One Interna tion al Center, Tower 3, 31st floor, senapati Bapat Marg, Elphi nsto ne Road (West), Mumb ai-400 01 3, Maharashtra, India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identifi cation No: AAB-8737
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Deloitte Haskins & Sells LLP 4. The Statement includes the results of the followinq entities· Sr. No Name of the Component Relationship 1. Ion Exchanqe (India) Limited Parent 2. Aqua Investments (India) Limited Subsidiary 3. Watercare Investments (India) Limited Subsidiary 4. Ion Exchange Enviro Farms Limited Subsidiary 5. Ion Exchange Asia Pacific Pte Limited Wholly owned Subsidiary 6. Ion Exchange LLC Wholly owned Subsidiarv 7. Ion Exchange Projects and Engineering Subsidiary Limited 8. Ion Exchanqe and Company LLC Subsidiary 9. Ion Exchange Environment Management Wholly owned (BD) Limited Subsidiary 10. Ion Exchange WTS (Bangladesh) Limited Wholly owned Subsidiary 11. Ion Exchanqe Safic Pty Ltd. Subsidiary 12. Total Water Management Services Subsidiary (India) Limited 13. Ion Exchange Purified Drinking Water Wholly owned Private Limited Subsidiary 14. Ion Exchanqe Arabia for Water Subsidiary 15. Ion Exchanqe Europe LDA Subsidiary 16. Mapril - Produtos Quimicos e Maquinas Wholly owned Para A Industria LDA Subsidiary 17. Ion Exchange Asia Pacific (Thailand) Step-down- Subsidiary Limited 18. PT Ion Exchanqe Asia Pacific Step-down- Subsidiary 19. Aquanomics Systems Limited Associate 20. Ion Exchange Financial Products Private Associate of subsidiary Limited 21. Ion Exchanqe PSS Co. Ltd Associate of subsidiary 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
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Deloitte Haskins & Sells LLP 6. The auditors of Ion Exchange Enviro Farms Limited {IEEFL), a subsidiary company have mentioned an Emphasis of Matter in their review report in respect of the matters stated below: a. The Hon'ble Supreme Court of India dismissed the Company's appeal against the order of the Securities Appellate Tribunal (SAT), which had directed the Company to refund monies to along with returns to wind up the scheme. Subsequently, the Company submitted relevant details to SEBI and initiated actions in accordance with those submissions. In December 2015, SEBI directed the company to pre deposit the amounts due to farm owners and to close the scheme. The Company has submitted that it would get discharge certificates from the balance farm owners within a period of two years from March 2016. As SEBI refused to accede to Company's request, the Company filed a fresh appeal at Securities Appellate Tribunal (SAT) on 9th February 2017- Appeal No. (I) 40 of 2017, citing practical difficulties in execution of the SEBI order for refund to all investors as investors have already received their lands/refunds as per the agreement. The appeal was admitted and heard from time to time. However, vide order dated 18th October 2019, SAT dismissed the appeal. The Company thereafter filed a Review Petition before SAT, Mumbai on 3rd December 2019 seeking correction of factual errors in the order. Additionally, based on legal advice and pending final order from SAT on the Review Petition, the Company filed an Appeal before the Hon'ble Supreme Court against SAT order on 18th February 2020. As the SAT hearing held on 19th March 2021, it was held that there was no error apparent on the face of the record, and accordingly, the review application was dismissed. Consequently, the appeal stood set aside against the Company. Further, vide Order No. 2853/2021 dated 6th December 2021, the Hon'ble Supreme Court granted liberty to the Company to approach Securities and Exchange Board of India and seek reconsideration of the matter by submitting additional material. Pursuant to the above, the Company submitted a representation requesting reconsideration of the matter by filing additional documents through its advocates vide letter dated 2nd March 2022. Further SEBI, vide its letter dated 17th May 2022 made certain observations and has advised the Company to provide for additional comments and documents, which were duly submitted through their advocate vide letter dated 12th July 2022. Thereafter, SEBI appointed M/s. SKVM & Co. as a forensic auditor to examine the Company's documents and records and to submit a report. The Company furnished all required documents to the auditor. Further during the course of audit queries raised by M/s. SKVM & Co have been addressed by the company, through its counsel. Based on the report, submitted by the Auditor to SEBI, SEBI has sought certain clarifications from the Company, which were duly provided. Subsequently, SEBI, vide its letter dated 16th May 2024 directed the company to deposit an amount of Rs. 22.02 crores towards repayment to investors. IEEFL has represented SEBI to reconsider the matter in line with audit findings; however, SEBI rejected the request vide email dated 7th August 2024. The Company has since filed an appeal before SAT, which was listed for hearing on 17th October 2024. During the hearing, counsel for SEBI made a statement that SEBI will not initiate any recovery proceedings
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Deloitte Haskins & Sells LLP till the next date of hearing. The matter is currently pending, with the next hearing scheduled for 12th August, 2026. b. Administrator's Appointment: SEBI, vide order dated 25th April 2019 issued under the SEBI (Appointment of Administrator and Procedure for Refunding of Investors) Regulations, 2018, appointed an Administrator for the purpose of selling the Company's land located at Goa (Quepem) and recovering the dues. However, the Company, vide its letter dated 30th April 2019, requested the Recovery Officer of SEBI to keep the proceedings in abeyance. In view of the subsequent developments outlined above, the said proceedings remain in abeyance and continue to be on hold as on date. Our conclusion on the Statement is not modified in respect of these matters. 7. We did not review the interim financial information of three subsidiaries included in the consolidated unaudited financial results, whose interim financial information reflect total revenues of Rs. 5,075.99 lacs, total net loss after tax of Rs. 237 .80 lacs and total comprehensive loss of Rs. 238.01 lacs for the quarter ended June 30, 2026, as considered in the Statement. These interim financial information have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of these matters. 8. The consolidated unaudited financial results include the interim financial information of nine subsidiaries which have not been reviewed by their auditors, whose interim financial information reflects total revenue of Rs. 2,385.33 lacs, total net profit after tax of Rs. 20. 70 lacs and total comprehensive income of Rs. 3,373.07 lacs for the quarter ended June 30, 2026, as considered in the Statement. The consolidated unaudited financial results also include the Group's share of profit after tax of Rs. 40.94 lacs for the quarter ended June 30, 2026 and total comprehensive income of Rs. 38. 77 lacs for the quarter ended June 30, 2026 as considered in the Statement, in respect of three associates, based on their interim financial information which have not been reviewed by their auditors. According to the information and explanations given to us by the Management, these interim financial information are not material to the Group. Our conclusion on the Statement is not modified in respect of our reliance on the interim financial information certified by the Management. 9. The Consolidated unaudited financial results include the interim financial information of IEI Shareholding (Staff Welfare) Trusts - (Sixty Trusts) and HMIL Shareholding (Staff Welfare) Trusts - (Seventeen Trusts) ("Trusts") which have not been reviewed by their auditors, whose interim financial information reflect total revenue of Rs. 31. 73 lacs, total net profit after tax of Rs 30.43 lacs and total comprehensive income of Rs. 30.43 lacs for the quarter ended June 30, 2026, as considered in the Statement. According to the information and explanations given to us by the management, these interim financial information are not material to the Group.
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Deloitte Haskins & Sells LLP Our conclusion on the Statement is not modified in respect of our reliance on the interim financial information certified by the Management. Place: Mumbai Date: 05th August, 2026 For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) PAL LAVI M Digitally signed by PALLAVI M SHARMA SHARMA Date:2026.08.05 19:31 :07 +05'30' Pallavi Sharma Partner Membership No. 113861 UDIN: 26113861KZAKKW2555
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ION EXCHANGE (INDIA) LIMITED Regd. Office: Ion House Dr E Moses Road Mahalaxmi Mumbai - 400 011 (CIN - L74999MH1964PLC014258) , , , Statement of unaudited consolidated financial results for the quarter ended 30th June 2026 INR in Lacs Quarter ended Year ended Particulars 30.06.2026 31.03.2026 30.06.2025 31.03.2026 Unaudited Unaudited Unaudited Audited (Refer note 3) I Income a) Revenue from operations 70,046 86,327 58,319 291,484 b) Other income 595 4,305 1,774 8,657 Total Income 70,641 90,632 60,093 300,141 II Expenses a) Cost of materials consumed (Refer note 5) 41,347 58,573 31,841 179,275 b) Purchase of stock-in-trade 4,042 4,256 2,949 14,624 c) Changes in inventories of finished goods, (701) (3,918) (432) (8,541) work-in-progress and stock-in-trade d) Employee benefits expense 10,862 11,525 9,613 41,456 e) Finance costs 895 1,079 256 2,400 f) Depreciation and amortisation expense 2,175 1,960 1,226 6,260 g) Other expenses 11,322 13,904 8,094 43,655 Total expenses 69,942 87,379 53,547 279,129 Ill Profit before exceptional item and tax (I - II) 699 3,253 6,546 21,012 IV Exceptional item Impact of labour codes ( Refer note 6) - (8) - 1,689 V Profit before tax, before share of profit/ (loss) of associates (Ill - IV) 699 3,261 6,546 19,323 VI Share of profit/ (loss) of associates (net of income tax) 41 (13) 46 171 VII Profit before tax (V+VI) 740 3,248 6,592 19,494 VIII Tax expense Current tax 466 1,782 1,602 5,892 Deferred tax ( credit) / charge (32) (963) 146 (719) Total tax expense 434 819 1,748 5,173 IX Profit after tax (VII-VIII) 306 2,429 4,844 14,321 X Other Comprehensive Income Items that will not be reclassified to 12rofit or loss a) Remeasurement benefit of defined benefit plans (20) (108) (3) (123) b) Income tax expense on remeasurement benefit of 5 18 1 20 defined benefit plans c) Share of Other Comprehensive Income of associates (2) 12 (7) 1 Items that will be reclassified to 11rofit or loss a) Movement in foreign currency translation reserve 53 230 218 801 Other Comprehensive Income 36 152 209 699 XI Total Comprehensive Income (IX+X} 342 2,581 5,053 15,020 Profit attributable to: Owners of the company 411 2,414 4,870 14,267 Non-Controlling Interests (105) 15 (26) 54 Profit for the period 306 2,429 4,844 14,321 Other Com12rehensive Income attributable to : Owners of the company (1) 145 206 627 Non-Controlling Interests 37 7 3 72 Other Comprehensive Income for the period 36 152 209 699 Total Com12rehensive Income attributable to : Owners of the company 410 2,559 5,076 14,894 Non-Controlling Interests (68) 22 (23) 126 Total Comprehensive Income for the period 342 2,581 5,053 15,020 XII Paid-up equity share capital 1,423 1,423 1,423 1,423 (Face value INR 1 per share) XIII Other equity 132,480 XIV Earnings per equity share (EPS) [Refer note 4] (not annualised, except for the year ended 31st March 2026) a) Basic EPS (INR) - - 0.347 2.036 4.108 12.034 b) Diluted EPS (INR) /4~~ ~ge (; ~\. 0.347 2.036 4.108 12.034 ~:~::)!', 1ILJ!1) RAJESH Dl!lbllyo~ by RMSH Digitally signed "o -~' CHANDRABH ~:.=:~~~= INDRANE bylNDRANEEL AN SHARMA -t<l!'30' DUTT " ·7 l' '/ * EL DUTT Date: 2026.08.05 '· * 19:12:08 +05'30' -
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Notes: 1) The above unaudited consolidated financial results include the results of its subsidiaries - Aqua Investments {India) Limited, Ion Exchange And Company LLC, Ion Exchange Arabia for Water, Ion Exchange Asia Pacific Pte. Ltd. (Consolidated), Ion Exchange Enviro Farms Limited {IEEFL), Ion Exchange Environment Management (BD) Limited, Ion Exchange Europe LDA, Ion Exchange LLC, Ion Exchange Projects And Engineering Limited, Ion Exchange Purified Drinking Water Private Limited, Ion Exchange Safic Pty. Limited, Ion Exchange WTS (Bangladesh) Limited, Mapril - Produtos Quimicos e Maquinas Para A lndustria LDA, Total Water Management Services {India) Limited, Watercare Investments {India) Limited, and also includes share of profit/ (loss) of its associates - Aquanomics Systems Limited, Ion Exchange Financial Products Private Limited and Ion Exchange PSS Co. Limited. 2) The above unaudited consolidated financial results which are published in accordance with Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 ('Listing Regulations') have been reviewed by the Audit Committee at their meeting held on 5th August 2026 and approved by the Board of Directors at their meeting held on 5th August 2026. The financial results are prepared in accordance with the Ind AS prescribed under Section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India. 3) The figures of the quarter ended 31st March 2026 are the balancing figures between audited figures in respect of the full financial year and the unaudited year to date figures upto the third quarter ended 31st December 2025, which were subjected to limited review. 4) Earnings per equity share includes Ind AS impact of consolidation of 23,689,390 equity shares of INR 1 each and 46,750 equity shares of INR 1 each held by IEI Shareholding (Staff Welfare) Trusts and HMIL Shareholding (Staff Welfare) Trusts respectively. 5) Cost of material consumed includes direct expenses incurred on contracts: a) INR 3,035 Lacs for the quarter ended 30th June 2026, INR 3,378 Lacs for the quarter ended 31st March 2026 and INR 1,943 Lacs for the quarter ended 30th June 2025. b) INR 10,549 Lacs for year ended 31st March 2026. 6) On 21st November 2025 the Government of India notified four Labour Codes. These Labour Codes consolidate twenty-nine existing labour laws into a unified framework governing employee benefits during employment and post-employment and amongst other things introduce changes, including a uniform definition of wages and enhanced benefits relating to leave. The adjustments for Labour Codes represent an increase in gratuity liability arising out of past service cost and increase in leave liability together by INR 1,689 Lacs. Considering the impact arising out of an enactment of the new legislation is an event of non-recurring nature, the group has presented this incremental amount as "Impact of Labour Codes" under "Exceptional Item" in the Consolidated financial results for the year ended 31st March 2026. 7) With respect to the ongoing matter with SEBI of IEEFL (a subsidiary of the Company), the Company's appeal filed in Supreme Court came up for hearing on 6th December 2021. The Court considered report of SEBI empaneled Auditor who was appointed by IEEFL. After detailed hearing, Supreme Court while disposing off the matter, granted liberty to IEEFL to approach SEBI requesting to reconsider the matter by producing additional material, which has been duly complied. SEBI has thereafter appointed Auditors to submit report thereon. Auditors have submitted their report to SEBI. Based on the report SEBI sought certain clarifications and IEEFL has provided clarifications in the matter. SEBI vide letter dated 16th May 2024 has directed IEEFL to deposit an amount of INR 2,202 Lacs towards repayment of money to the Investors. IEEFL has represented to SEBI to reconsider the matter in line with the Audit findings. SEBI vide email dated 7th August 2024 rejected company's request. Company has filed appeal with SAT which came up for hearing on 17th October 2024. In the hearing the counsel for SEBI made a statement that SEBI will not initiate any recovery proceedings till the next date of hearing. SEBI filed its reply and IEEFL has filed its rejoinder. The matter will come up for hearing on 12th August 2026. IEEFL does not envisage any liability on this account. The auditors of the IEEFL has included an 'Emphasis of matter' in their review report on this account and accordingly same has also been included in the consolidated review of the parent. Place: Mumbai Date: 5th August 2026 For Ion Exchange (India) Limited RAJ ESH ~~i~~~8~N CHANDRABH : ~~ 215.os.os AN SHARMA 1!>:10:19 +-05•30• Rajesh Sharma Executive Chairman IN DRANE ~iii~~~;;~~~ EL DUTT ~;,\;,;~2: 0°:3~~ lndraneel Dutt Managing Director & CEO
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ION EXCHANGE (INDIA) LIMITED Regd. Office : Ion House, Dr. E.Moses Road, Mahalaxmi, Mumba i - 400 011 (CIN - L74999MH1964PLC014258) Segment wise Revenue, Results, Assets and Liabilities for quarter ended 30th June 2026 INR in Lacs Standalone Consolidated Quarter ended Year ended Quarter ended Year ended PARTICULARS 30.06.2026 31.03.2026 30.06.2025 31.03.2026 30.06.2026 31.03.2026 30.06.2025 31.03.2026 Unaudited Unaudited Unaudited Audited Unaudited Unaudited Unaudited Audited 1. Segment Revenue a) Treatment Solutions 20,100 34,741 17,323 107,800 20,988 36,580 18,390 112,213 b) Industrial Products 10,553 15,917 8,845 44,795 10,513 13,412 9,222 43,697 c) Lifecycle Services 5,866 6,973 4,682 23,577 7,155 9,378 5,589 28,883 d) Specialty Chemicals 18,612 19,774 14,705 71,800 22,965 22,971 18,890 86,772 e) Consumer Products 11,236 9,289 8,428 34,310 11,236 9,289 8,428 34,310 f) Others - - - - - - - - g) Unallocated - 136 - 136 - 136 - 136 Total 66,367 86,830 53,983 282,418 72,857 91,766 60,519 306,011 Less : Inter segment revenue 2,811 5,439 2,200 14,527 2,811 5,439 2,200 14,527 Net Sales/ Income from Operat ions 63,556 81,391 51,783 267,891 70,046 86,327 58,319 291,484 2. Segment Results a) Treatment Solutions (1,826) (870) 1,834 2,015 (1,735) (119) 1,681 2,711 b) Industrial Products 1,366 1,907 464 4,306 1,248 1,236 506 2,856 c) Lifecycle Services 622 782 401 2,655 713 1,264 586 3,789 d) Specialty Chemicals 2,476 3,091 4,111 16,572 2,227 3,087 4,625 17,707 e) Consumer Products (44) (456) (59) (1,014) (34) (440) (45) (963) f) Others - - - - 8 43 - (31) Total 2,594 4,454 6,751 24,534 2,427 5,071 7,353 26,069 Less: i) Finance Cost 821 1,007 166 2,054 895 1,079 256 2,400 ii) Other unallocable expenditure net 758 1,299 1,178 6,630 1,164 1,220 1,247 6,468 off unallocable income (Refer note 2) Add: Interest Income ----- 522 585 897 2,812 331 489 696 2,122 Total Profit Before Taxation ,,-:siJNs~ 1,537 2,733 6,304 18,662 699 3,261 6,546 19,323 I ~':~(f.) - /41 / \ 11\\ #"'.-ae /'~ ~ ff "-<::-Do-" C, ,,,. RAJESH ~~:i~o!'.!:BHAN )( Q,l IN DRANE Digitally signed by CHANDRABH SHARMA .._,,,, INORANEELDUTT AN SHARM ~ .. ~,.~" I UJ ,-_ ) EL DUTT Date,2026.08.05 A 19:lo:36+aS'30' G,, ~ 19:12:J2+os'30' ~I 0, .-Q"'/..
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INR in Lacs Standalone Consolidated Quarter ended Year ended Quarter ended Year ended PARTICULARS I 30.06.2026 31.03 .2026 30.06.2025 31.03.2026 30.06.2026 31.03.2026 30.06.2025 31.03 .2026 Unaudited Unaudited Unaudited Audited Unaudited Unaudited Unaudited Audited 3 I Segment Assets a) Treatment Solut ions 130,553 131,803 130,854 131,803 133,019 134,804 130,599 134,804 b) Industrial Products 33,690 33,294 30,099 33,294 36,595 34,952 32,444 34,952 c) Lifecycle Services 12,325 13,784 12,068 13,784 16,210 17,493 14,903 17,493 d) Specialty Chemicals 103,774 100,754 79,531 100,754 118,678 116,113 98,600 116,113 e) Consumer Products 12,852 12,863 10,415 12,863 12,852 12,862 10,418 12,862 f) Others - - - - 1,251 1,689 1,635 1,689 g) Unallocated 33,577 33,537 33,419 33,537 19,637 20,080 18,647 20,080 Total Assets 326,771 326,035 296,386 326,035 338,242 337,993 307,246 337,993 4 I Segment Liabilities a) Treatment Solutions 79,861 80,343 82,510 80,343 82,673 83,881 84,993 83,881 b) Industrial Products 19,691 21,121 15,441 21,121 21,253 21,722 15,999 21,722 c) Lifecycle Services 5,590 6,173 5,433 6,173 6,503 7,290 6,532 7,290 d) Specialty Chemicals 58,712 57,141 43,645 57,141 70,490 68,616 55,962 68,616 e) Consumer Products 9,873 9,387 9,388 9,387 9,873 9,387 9,388 9,387 f) Others - - - - 145 181 143 181 g) Unallocated 12,955 12,906 8,251 12,906 12,967 12,884 8,227 12,884 Total Liabilities 186,682 187,071 164,668 187,071 203,904 203,961 181,244 203,961 J Notes: 1) Note on Segment Re1;1orting {I) The Company has identified and reported the segment information in line with the Ind AS 108 "Operating Segments ". (II) Effective from 1st April, 2026, pursuant to the Company's strategic objective, the Company has realigned its portfol io positioning as technology -led water and environment solutions provider rather than a conventional EPC company to focus on driving growth of Products, Chemicals, Services and Solutions business. (Ill) As a result, the erstwhile Engineering segment has been renamed and reorganised as under: - Treatment Solutions - Industrial Products - Lifecycle Services (IV) The erstwhile Chemicals segment has been renamed Specialty Chemicals. (V) The Institutional Water Treatment Products business, which was previously part of the Consumer Products segme nt, has been carved out and included in the newly formed Industrial Products segment . f \'<.IN~ ~ lJMBAI ~) r- / V., ,,.. - - , _ __ .,--~A.. , l ~ .{ , '.J. A ,, ' " 1>' .• ' "' ,- ------._· ··\ (J u · > ·. IIW<-0 'J)) '/ .(;1 * RAJ ESH ~~~; ~ s;gned by CHANDRABH ; ~: ~i =--BHAN AN SHARMA oat" 2020.os.os 19:10:49+05'30' INDRAN ~~~~~;~;,:d EEL ~~ DUTT ;~~~:!°.'os•,o·
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(VI) The revised Segment composition is as follows: (i) Treatment Solutions: Includes a) Water, Wastewater treatment & Recycle b) Ultra-pure and High Purity water c) Desalination d) Zero Liquid Discharge e) Other Advanced Solutions (ii) Industrial Products: Includes a) Standard water treatment products b) Institutional water treatment products c) Membranes (iii) Lifecycle Services: Includes a) Operation & Maintenance b) Rehabilitation & Modification c) Spares, services & consumab les d) BOO/ BOOT (iv) Specialty chemicals: Includes a) Water treatment & process chemicals b) Resins - industrial, process and pharmaceutical resins (v) Consumer Products: Includes a) Home Water Solutions b) Community Water Treatment Solutions c) Wellness Accordingly, the Company has presented its segment results based on the revised reportable segment structure and regrouped the previous periods to make it comparable with the current period. 2) Unallocable expenses includes INR 1,454 Lacs and INR 1,689 Lacs in Standalone and Consolidated Segment respectively towards impact of Labour Code for year ended 31st March 2026. Place : Mumbai Date : 5th August 2026 For Ion Exchange (India) Limited RAJESH Dlgltally slgnedbyRAJESH CHANDRABH ~:~=-:~~~~: AN SHARMA .,.,.,. Rajesh Sharma Executive Chairman INDRANE EL DUTT Digitally signed by INDRANEEL DlITT Date: 2026.08.05 19:13:00 +05'30' lndraneel Dutt Managing Director & CEO