Interim report
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• 8 ION EXCHANGE Re,~ Ji,,e-1,ei,iAuJ tPi,e, P e~Mt November 3, 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 Gomplex, Sandra {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. Tuesday, November 3, 2026 has, inter-alia, considered and approved the Unaudited Financial Results (Standalone and Consolidated). of the Company for the second quarter and half year ended September 30, 2026. A copy of the said Unaudited l=inancial Results together with the Limited Review Report for the second quarter and half year ended September 30, 2026 are enclosed herewith. The meeting of the Board of Directors of the Company commenced at 02:30 p.m. and concluded at 07: 15 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 ~Okl(\K\ Nikisha Solanki Company Secretary & Compliance Officer ACS-50894 Encl.: As Stated Above ION EXCHANGE (INDIA) LTD. I GIN: L74999MH1964PLC014258 Regd. Office: Ion House, Dr. E. Moses Road, Mahalaxmi, Mumbai - 400 011, India. Board: +91 22 6231 2000 I Fax: +91 22 2493 8737 I E-mail: ieil@ionexchange.co.in I Web: www.ionexchangeglobal.com Offices: Bengaluru I Bhubaneswar I Chandigarh I Chennai \ Hyderabad I Kolkata \ Lucknow I New Delhi I Pune I Vadodara I Vashi I Visakhapatnam
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Regd. Office: One International Center, Tower 3, 31st Floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai-400 013, Maharashtra, India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737 Chartered Accountants One International Center Tower 3, 27th-32nd floors Senapati Bapat Marg Elphinstone Road (West) Mumbai-400 013 Maharashtra, India Tel: +91 226 185 4000 Fax: +91 226 185 4101 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 , which includes IEI Shareholding (Staff Welfare) Trusts (Sixty Trusts) and HMIL Shareholding (Staff Welfare) Trusts (Seventeen Trusts) ( , for the quarter and half year ended 30th September, 2026 , being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ( . 2. This Statement, which and approved by the 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 , issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of the Company 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. 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. Deloitte Haskins & Sells LLP "Trusts") Statement") "the Listing Regulations") ("the Company") Chartered Accountants is the responsibility of the Company's Management Company's " II " II ("the 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity' 's personnel responsible for financial and accounting
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5. The Statement includes the interim financial information of IEI shareholding (Staff welfare) Trusts - (Sixty Trusts) and HMIL Shareholding (Staff Welfare) Trusts - (Seventeen trusts) which have not been reviewed by their auditors, whose interim financial information reflects total assets of Rs. 5,499.40 lacs as at 30th September, 2026, total revenues of Rs. 327.09 lacs and Rs. 358.81 lacs, total net profit after tax of Rs 211.44 lacs and Rs. 241.88 lacs, and total comprehensive income of Rs 211.44 lacs and Rs. 241.88 lacs for the quarter and half year ended 30th September, 2026, respectively, and net cash inflows of Rs. 341.79 lacs for the half year ended 30th September, 2026, as considered in this 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. For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm Registration No. 117366W/W-100018) Pallavi Sharma Partner Membership No. 113861 UDIN: 26113861HYEZIJ6629 Place: Mumbai Date: 03rd November, 2026 Deloitte Haskins & Sells LLP 's PALLAVI M Digitally signed by PALLAVI M SHARMA SHARMA Date: 2026.11 .03 21 :21 :05 +05'30'
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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 and half year ended 30th September 2026 INR In Lacs Quarter ended Half Year ended Year ended Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited I Income a) Revenue from operations 61,573 63,556 67,824 1,25,129 1,19,607 2,67,891 b) Other income 1,028 1,324 1,648 2,352 3,600 9,495 Total income 62,601 64,880 69,472 1,27,481 1,23,207 2,77,386 II Expenses a) Cost of materials consumed (refer note 4) 45,039 37,332 43,376 82,371 72,813 1,70,034 b) Purchase of stock-in-trade 4,175 4,042 3,523 8,217 6,472 14,624 c) Changes in inventories of finished goods, (268) (53) (2,976) (321) (4,215) (9,206) stock-in-trade and work -in-progress d) Employee benefits expense 9,100 8,809 7,786 17,909 15,466 33,155 e) Finance costs 857 821 217 1,678 383 2,054 f) Depreciation and amortisation expense 2,057 2,034 1,096 4,091 2,199 5,758 g) Other expenses 11,260 10,358 10,038 21,618 17,373 40,851 Total expenses 72,220 63,343 63,060 1,35,563 1,10,491 2,57,270 Ill Profit/(loss) before exceptional Item and tax (I - II) (9,619) 1,537 6,412 (8,082) 12,716 20,116 IV Exceptional Item Impact of Labour Codes [Refer note 2] - - - - - 1,454 V Profit/(Loss) before tax (Ill - IV) (9,619) 1,537 6,412 (8,082) 12,716 18,662 VI Tax expense Current tax (2,719) 392 1,552 (2,327) 3,008 5,471 Deferred tax charge/ (credit) 235 5 73 240 233 (647) Total tax expense (2,484) 397 1,625 (2,087) 3,241 4,824 VII Profit/(loss) after tax (V - VI) (7,135) 1,140 4,787 (5,995) 9,475 13,838 VIII Other comprehensive Income Items that will not be reclassified to 12rofit or loss (a) Remeasurement benefit of defined benefit plans (20) (20) (3) (40) (6) (81) (b) Income tax expense on remeasurement benefit of 5 s - 10 1 20 defined benefit plans Other comprehensive loss (net of tax) (VIII) 1151 (151 (3) (30) (5) (61) IX Total comprehensive lncome/(loss) (Vll+VIII) (7,150) 1,125 4,784 (6,025) 9,470 13,777 X Paid-up equity share capital (Face value INR 1 per share) 1,467 1,467 1,467 1,467 1,467 1,467 XI Other equity 1,37,497 XII Earnings per equity share (EPS) [Refer note 3] (not annualised, except for the year ended 31st March 2026) a) Basic EPS (INR) (5.804) 0.927 3.894 (4.877) 7.708 11.257 b) Diluted EPS (INR) (5.804) 0.927 3.894 (4.877) 7.708 11.257 Notes: 1) The above unaudited 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 the ir meeting held on 3rd November 2026 and approved by the Board of Directors at their meeting held on 3rd November 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) Cost of material consumed includes direct expenses incurred on contracts of : a) INR 2,215 Lacs for the quarter ended 30th September 2026, INR 2,856 Lacs for the quarter ended 30th June 2026, and INR 2,073 Lacs for the quarter ended 30th September 2025. b) INR 5,071 Lacs for the half year ended 30th September 2026 and INR 3,883 Lacs for the half year ended 30th September 2025. b) INR 9,959 Lacs for the year ended 31st March 2026. - For Ion Exchange (India) limited - Place : Mumbai Date : 3rd November 2026 RAJESH Di'gltall)'li~nedby CHANDRABH = OlANDIW IIWl AN SHARMA ~~~202<>.i1.ol l0:06:09 Rajesh Sharma Executive Chairman INDRANEE 1~ii:~::~~ L DUTT =~~~tci lndraneel Dutt Managing Director & CEO
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ION EXCHANGE (INDIA) LIMITED Regd. Office : Ion House, Dr. E. Moses Road, Mahalaxmi, Mumbai - 400 011 (CIN - L74999MH1964PLC014258) Standalone Unaudited Statement of Assets and Liabilities as at 30th September 2026 ASSETS Non-current assets (a) Property, plant and equipment (b) Right-of-Use Assets (c) Capital work-in-progress (d) Other intangible assets (e) Intangible assets under development (f) Financial assets (i) Investments (ii) Trade receivables (iii) Loans (iv) Other financial assets (g) Deferred tax assets (Net) (h) Other non current assets Total non-current assets Current assets (a) Inventories (b) Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balances other than (iii) above (v) Loans (vi) Other financial assets (c) Other current assets (d) Current Tax assets (Net) Total current assets Tota I assets EQUITY AND LIABILITIES ~ (a) Equity share capital (b) Other equity Total equity Liabilities Non-current liabilities (a) Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Other financial liabilities (b) Provisions Total non-current liabilities Current liabilities (a) Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Trade payables • Total outstanding dues of micro and small enterprises Asat 30th Sep 2026 Unaudited 56,573 4,005 24,254 767 6 8,776 27 6,114 1,193 1,170 5,388 1,08,273 37,009 105 1,06,201 7,299 13,697 1,556 475 52,144 2,382 2,20,868 3,29,141 1,467 1,29,936 1,31,403 27,057 1,455 1,118 2,630 32,260 10,082 934 11,486 INR In Lacs Asat 31st Mar 2026 Audited 58,506 4,277 17,470 906 8 8,688 28 5,656 1,194 1,400 3,767 1,01,900 38,556 60 1,07,253 14,114 12,999 989 541 49,623 - 2,24,135 3,26,035 1,467 1,37,497 1,38,964 30,820 1,596 1,246 2,630 36,292 7,604 969 12,172 -Total outstanding dues of creditors other than micro and small enterprises 70,204 72,507 (iv) Other financial liabilities (b) Other current liabilities (c) Provisions (d) Current tax liabilities (Net) Total current liabilities Total liabilities Total equity and liabilities Place : Mumbai Date : 3rd November 2026 11,181 8,171 58,363 46,438 3,228 2,232 - 686 1,65,478 1,50,779 1,97,738 1,87,071 3,29,141 3,26,035 For Ion Exchange (India) Limited RAJESH rlgi tallyslg nedby fWESH CHANOAABHAN CHANDRABH '"""' AN SHARMA ~~ 26•11 .0320:06:4a Rajesh Sharma Executive Chairman INDRANE ~6:i:t~~ 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, Mumbai - 400 011 (CIN - L74999MH1964PLC014258) Unaudited Standalone statement of Cash flow for the Half year ended 30th September 2026 INR i L n acs Half year Ended Half year ended 30th Sep 2026 30th Sep 2025 Unaudited Unaudited A. Cash flow from operating activities: Profit/(Loss) before tax (8,082) 12,716 Adjustment to reconcile profit/(loss) before tax to net cash flows: Depreciation and amortization expense 4,091 2,199 Finance cost 1,678 383 Dividend Income {542) (15) Interest Income {1,004) (1,655) Expected credit loss on financial assets 346 542 Change in fair value of investments (44) (16) Guarantee commission (88) (67) Unrealised foreign exchange loss/ (gain) (net) 994 (58) Operating profit/(loss) before working capital changes (2,651) 14,029 Movements in working capital: {Increase)/ Decrease in inventories 1,547 {8,912) (Increase)/ Decrease in trade receivables 436 11,039 (Increase)/ Decrease in other assets (3,705) (8,466) (Increase)/ Decrease in other financial assets 21 (152) (Decrease)/ Increase in trade payables (2,904) (7,145) (Decrease)/ Increase in other financial liabilities (841) 495 (Decrease) / Increase in other current liabilities 11,925 162 (Decrease) / Increase in provisions 956 540 Cash generated from operations 4,784 1,590 Taxes paid (net) (740) (3,017) Net cash generated from/(used in) operating activities (A) 4,044 (1,427) 8. Cash flow from investing activities: Purchase of property, plant and equipment, capital work in progress and Intangible assets {4,779) {15,514) Deferred payment for acquisition (219) (201) Loans given (net) (1,273) (227) Bank deposit made during the period (with maturity more than three months) (4,473) (34,239) Bank deposit matured during the period (with maturity more than three months) 3,831 47,524 Dividend received 542 15 Interest received 1,049 2,123 Net cash used in investing activities (B) (5,322) {519) C. Cash flow from financing activities: Repayment of Borrowings - Non-Current (including current maturities) (2,038) (170) Proceeds from Borrowings - Non-Current (including current maturities) - 9,000 Borrowings - Current (net) 753 266 Payment towards lease liabilities (713) (414) Dividend paid {1,537) (1,844) Finance cost (1,542) (300) Net cash (used in)/generated from financing activities (C) {5,077) 6,538 Net (Decrease) / increase in cash and cash equivalents (A)+(B)+(C) (6,355) 4,592 Effect of exchange difference on cash and cash equivalent held in foreign currency (460) 268 Cash and cash equivalents as at the beginning of the period 14,114 11,581 Cash and cash equivalents as at the end of the period 7,299 16,441 Notes 1) The above cash flow statement has been prepared under the "Indirect Method" as set out in the Indian Accounting Standard (Ind AS-7) - Statement of Cash Flows prescribed under the Companies Act (Indian Accounting Standard) Rules, 2015 under the Companies Act, 2013. Place : Mumbai Date : 3rd November 2026 For Ion Exchange {India) Limited RAJESH ~1:~sign@d by CHANDRABH ~::~BHAN AN SHARMA oat~:2026.11.03 20:07:01 +05'30' Rajesh Sharma Executive Chairman IN DRANE ~~i:~Es~~r;i~ EL DUTT ~;:~;~~2:0~~3~7 lndraneel Dutt Managing Director & CEO
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Regd. Office: One International Center, Tower 3, 31st Floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai-400 013, Maharashtra, India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737 Chartered Accountants One International Center Tower 3, 27th-32nd floors Senapati Bapat Marg Elphinstone Road (West) Mumbai-400 013 Maharashtra, India Tel: +91 226 185 4000 Fax: +91 226 185 4101 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 and its subsidiaries (the Parent and its subsidiaries profit after tax and total comprehensive income of its associates for the quarter and half year ended 30th September, 2026 [which includes the IEI Shareholding (Staff Welfare) Trusts (Sixty Trusts) and HMIL Shareholding (Staff Welfare) Trusts ] being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure 2. Financial 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 , issued by the Institute of Chartered Accountants of India (ICAI). A review of 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. The Statement includes the results of the following entities: Sr. No Name of the Component Relationship 1. Ion Exchange (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 Subsidiary 7. Ion Exchange Projects and Engineering Limited Subsidiary 8. Ion Exchange and Company LLC Subsidiary 9. Ion Exchange Environment Management (BD) Limited Wholly owned Subsidiary 10. Ion Exchange WTS (Bangladesh) Limited Wholly owned Subsidiary 11. Ion Exchange Safic Pty Ltd. Subsidiary Deloitte Chartered Accountants Haskins & Sells LLP INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED Exchange (India) Limited ("the Parent") together referred to as "the Group"), and its share of the net ("the Statement") - (Seventeen Trusts) ("Trusts") Requirements) Regulations, 2015, as amended (''the Listing Regulations"). 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 Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" interim financial information consists of making inquiries, primarily of Parent's personnel
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12. Total Water Management Services (India) Limited Subsidiary 13. Ion Exchange Purified Drinking Water Private Limited Wholly owned Subsidiary 14. Ion Exchange Arabia for Water Subsidiary 15. Ion Exchange Europe LDA Subsidiary 16. Mapril - Produtos Químicos e Máquinas Para A Industria LDA Wholly owned Subsidiary 17. Ion Exchange Asia Pacific (Thailand) Limited Step-down- Subsidiary 18. PT Ion Exchange Asia Pacific Step-down- Subsidiary 19. Aquanomics Systems Limited Associate 20. Ion Exchange Financial Products Private Limited Associate of subsidiary 21. Ion Exchange 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. 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 18 th February 2020. As the SAT hearing was 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. Deloitte Haskins & Sells LLP
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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 7 th 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 till the next date of hearing. The matter is currently pending, with the next hearing scheduled for 4th November, 2026. b. 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 reflects total assets of Rs. 19,486.03 lacs as at 30th September, 2026 and, total revenues of Rs. 4,474.30 lacs and Rs. 9,550.29 lacs, total net loss after tax of Rs. 986.80 lacs and Rs. 1,224.60 lacs and total comprehensive loss of Rs. 987.02 lacs and Rs. 1,225.04 lacs for the quarter and half year ended 30th September, 2026, respectively, and net cash outflows of Rs. 21.72 lacs for the half year ended 30th September, 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 twelve subsidiaries which have not been reviewed by their auditors, whose interim financial information reflects total assets of Rs. 37,516.82 lacs as at 30th September, 2026, total revenue of Rs. 5,045.07 lacs and Rs. 9,999.82 lacs, total net loss after tax of Rs. 393.18 lacs and Rs. 673.09 lacs and total comprehensive (loss)/ income of Rs. (279.71) lacs and Rs. 2,789.48 lacs for the quarter and half year ended 30th September, 2026, respectively, and net cash outflows of Rs. 86.54 lacs for the half year ended 30th September, 2026, as considered in the Statement. The consolidated unaudited financial results also include 90.58 lacs and Rs. 131.52 lacs and total comprehensive income of Rs. 88.40 lacs and Rs. 127.17 lacs for the quarter and half year ended 30th September, 2026, respectively, 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. Deloitte Haskins & Sells LLP Administrator's Appointment: the Group's share of profit after tax of Rs.
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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 financial information reflects total assets of Rs. 5,499.40 lacs as at 30th September, 2026, total revenue of Rs. 327.09 lacs and Rs. 358.81 lacs, total net profit after tax of Rs 211.44 lacs and Rs. 241.88 lacs and total comprehensive income of Rs. 211.44 lacs and Rs. 241.88 lacs for the quarter and half year ended 30th September, 2026, respectively and net cash inflows of Rs. 341.79 lacs for the half year ended 30th September, 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. Our conclusion on the Statement is not modified in respect of our reliance on the interim financial information certified by the Management. For DELOITTE HASKINS & SELLS LLP Chartered Accountants 117366W/W-100018) Pallavi Sharma Partner Membership No. 113861 UDIN: 26113861ONJQOJ3488 Place: Mumbai Date: 03rd November, 2026 Deloitte Haskins & Sells LLP - (Seventeen Trusts) ("Trusts") which have not been reviewed by their auditors, whose interim (Firm's Registration No. PALLAVI M Digitally signed by PALLAVI M SHARMA SHARMA Date: 2026.11.03 21 :21 :37 +05'30'
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ION EXCHANGE (INDIA) LIMITED , , , -Re11:d Office· Ion House Dr E Moses Road Mahalaxmi Mumbai - 400 011 (CIN L74999MH1964PLC014258) Statement of unaudited consolidated financial results for the quarter and half year ended 30th September 2026 INR in Lacs Quarter ended Half year ended Year ended Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited I Income a) Revenue from operations 67,473 70,046 73,394 1,37,519 1,31,713 2,91,484 b) Other income 780 595 1,426 1,375 3,200 8,657 Total Income 68,253 70,641 74,820 1,38,894 1,34,913 3,00,141 II Expenses a) Cost of materials consumed (Refer note 4) 48,664 41,347 45,294 90,011 77,135 1,79,275 b) Purchase of stock-in-trade 4,175 4,042 3,523 8,217 6,472 14,624 c) Changes in inventories of finished goods, (405) (701) (2,880) (1,106) (3,312) (8,541) work-in-progress and stock-in-trade d) Employee benefits expense 11,379 10,862 9,859 22,241 19,472 41,456 e) Finance costs 942 895 308 1,837 564 2,400 f) Depreciation and amortisation expense 2,200 2,175 1,217 4,375 2,443 6,260 g) Other expenses 12,136 11,322 10,749 23,458 18,843 43,655 Total expenses 79,091 69,942 68,070 1,49,033 1,21,617 2,79,129 iii Profit/ (Loss) before exceptional item and tax (I - II) (10,838) 699 6,750 {10,139) 13,296 21,012 IV Exceptional item Less: Impact of labour codes (Refer note 5) - - - - - 1,689 V Profit/ {Loss) before tax, before share of profit of (10,838) 699 6,750 (10,139) 13,296 19,323 associates (Ill - IV) VI Share of profit of associates 91 41 36 132 82 171 (net of income tax) VII Profit/ (Loss) before tax {V+VI) {10,747) 740 6,786 (10,007) 13,378 19,494 VIII Tax expense Current tax (2,714) 466 1,733 (2,248) 3,335 5,892 Deferred tax charge/ (credit) 243 (32) 61 211 207 (719) Total tax expense (2,471) 434 1,794 (2,037) 3,542 5,173 IX Profit/ (Loss) after tax (VII-VIII) (8,276) 306 4,992 (7,970) 9,836 14,321 X Other Comprehensive Income Items that will not be reclassified to 12rofit or loss a) Remeasurement benefit of defined benefit plans (21) (20) (3) (41) (6) (123) b) Income tax expense on remeasurement benefit of 5 5 - 10 1 20 defined benefit plans c) Share of Other Comprehensive Income of associates (2) (2) 2 (4) (5) 1 Items that will be reclassified to 12rofit or loss a) Movement in foreign currency translation reserve 90 53 269 143 487 801 Other Comprehensive Income 72 36 268 108 477 699 XI Total Comprehensive Income (IX+X) (8,204) 342 5,260 (7,862) 10,313 15,020 Profit L {Loss} attributable to: Owners of the company (8,105) 411 4,953 (7,694) 9,823 14,267 Non-Controlling Interests (171) (105) 39 (276) 13 54 Profit/ (Loss) for the period (8,276) 306 4,992 (7,970) 9,836 14,321 Other Com12rehensive Income attributable to : Owners of the company 64 (1) 224 63 430 627 Non-Controlling Interests 8 37 44 45 47 72 Other Comprehensive Income for the period 72 36 268 108 477 699 Total Com12rehensive Income attributable to : Owners of the company (8,041) 410 5,177 (7,631) 10,253 14,894 Non-Controlling Interests (163) (68) 83 (231) 60 126 Total Comprehensive Income for the period {8,204) 342 5,260 (7,862) 10,313 15,020 Xii Paid-up equity share capital 1,423 1,423 1,423 1,423 1,423 1,423 (Face value INR 1 per share) XIII Other equity 1,32,480 XIV Earnings per equity share (EPS) [Refer note 3) (not annualised, except for the year ended 31st March 2026) -a) Basic EPS (INR) :.. ,', ' " ' N0ge ~ (6.837) 0.347 4.178 (6,490) 8.286 12.034 b) Diluted EPS (INR}Z'.;,. -- -"'\ ~-'\\ 6.837) 0.347 4.178 (6,490) 8.286 12.034 ,, ' -,,,----, .,,,,_ ' VJ' ( ) " \. l 1 ~:10 _i1) '.'. ,_., = · .. ' : ' ., , (/l • , \\ 1) 1 Ii \_, , --~- /I' • '_. I \t. ,..,_ RAJESH DigitallysignedbyR/1.JESH Digitally signed • I:,' ___,., . A,, . 0/ ~ - INDRANE bylNDRANEEL _,, ('> -· c',, // CHANDRABH ~~~=~~;:,~ DUTT ', * AN SHARMA "''"' EL DUTT Date: 2026.11.03 ...... , ,...... .,, ' ' 20. 10.04 +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 (BO) Limited, Ion Exchange Europe LOA, 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 Qufmicos e Maquinas Para A lndustria LOA, Total Water Management Services (India) Limited, Watercare Investments (India) Limited, and also includes share of profit 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 3rd November 2026 and approved by the Board of Directors at their meeting held on 3rd November 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) 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. 4) Cost of material consumed includes direct expenses incurred on contracts: a) INR 2,319 Lacs for the quarter ended 30th September 2026, INR 3,035 Lacs for the quarter ended 30th June 2026 and INR 2,221 Lacs for the quarter ended 30th September 2025. b) INR 5,355 Lacs for the half year ended 30th September 2026 and INR 4,164 Lacs for the half year ended 30th September 2025. c) INR 10,549 Lacs for year ended 31st March 2026. 5) 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. 6) 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 4th November 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 Place: Mumbai of the parent. .,.-;1/~::--._ '/, .::, \\. I fl S ~' 1/r/~"~oocf,,...._~=\\ : l l For Ion Exchange (India) Limited \ .- ~ RAJESH ~:r~~;~g:z0H AN IN DRANE ~g:~:t~;i~ ~00 6,~ ~==~ CHANDRABH~~io"26.11.0320~1)11 EL DUTT ~;:%:~~2:0~\~~ ·>::::.~~ 'c;'l>{'ge (I-,~. ::;:s:R;:a;:a lndraneel Dutt Date: 3rd November 2026 ~ a> Executive Chairman Managing Director & CEO
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ION EXCHANGE (INDIA) LIMITED Regd. Office : Ion House, Dr. E. Moses Road, Mahalaxmi, Mumbai - 400 011 (CIN - L74999MH1964PLC014258) Consolidated Unaudited Statement of Assets and Liabilities as at 30th September 2026 ASSETS Non-current assets (a) Property, plant and equipment (b) Right-of-use assets (c) Capital work-in-progress (d) Goodwill (e) Other intangible assets (f) Intangible assets under development (g) Investment accounted using equity method (h) Financial assets (i) Investments (ii) Trade receivables (iii) Loans (iv) Other financial assets (i) Deferred tax assets (Net) (j) Non current tax assets (Net) (k) Other non current assets Total non-current assets Current assets (a) Inventories (b) Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balances other than (iii) above (v) Loans (vi) Other financial assets (c) Current tax assets (Net) (d) Other current assets Total current assets Total assets EQUITY ANO LIABILITIES ~ (a) Equity share capital (b) Other equity Equity attributable to owners Non controlling Interests Total equity Liabilities Non-current liabilities (a) Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Other financial liabilities (b) Provisions (c) Deferred tax liabilities (Net) Total non-current liabilities Current liabilities (a) Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Trade payables - Total outstanding dues of micro and small enterprises - Total outstanding dues of creditors other than micro and small enterprises (iv) Other financial liabilities (b) Other current liabilities (c) Provisions (d) Current tax liabilities (Net) Total current liabilities Total liabilities Total equity and liabilities . For Ion Exchange (India) Limited RAJESH Dlgitallyslgnedby RAJESH CHANDMBHAN CHANDRABH '"""" AN SHARMA i';~e;~~2+~~~3~~ Place: Mumbai ·· ·-· As at 30th Sep 2026 Unaudited 66,444 4,134 24,254 1,021 1,191 72 974 687 27 - 1,695 1,209 301 6,080 1,08,089 43,312 105 1,05,726 11,533 14,349 780 757 2,576 53,098 2,32,236 3 40.325 1,423 1,23,363 1,24,786 1134l 1.24 652 31,963 1,519 1,118 3,028 804 38,432 12,363 1,048 11,537 76,514 11,787 60,182 3,676 134 1,77,241 2,15,673 3 40 325 INDRANE ~g~~~;~~~~ EL DUTT ~;:~~;62!0~~36~ lndraneel Dutt INR in Lacs As at 31st Mar 2026 Audited 68,530 4,439 17,470 1,021 1,311 93 847 675 28 - 1,754 1,439 256 4,458 1,02,321 44,139 60 1,07,469 18,456 13,411 661 788 220 50,468 2,35,672 3 37 993 1,423 1,32,480 1,33,903 129 134 032 35,758 1,713 1,246 3,024 878 42,619 9,683 1,065 12,278 77,689 8,800 48,184 2,795 848 1,61,342 2,03,961 3 37 993 Date: 3rd November 2026 Rajesh Sharma Executive Chairman Managing Director & CEO
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Ion Exchange (India) Limited Regd. Office: Ion House, Dr. E. Moses Road, Mahalaxmi, Mumbai - 400 011 (CIN - L74999MH1964PLC014258) Consolidated Unaudited Statement of Cash Flows for the half year ended 30th September 2026 INR in Lacs Half Year ended Half Year ended 30th Sep 2026 30th Sep 2025 Unaudited Unaudited A. Cash flow from operating activities: Profit/ (Loss) before tax, before share of profit of associates (10,139) 13,296 Adjustment to reconcile profit/ (loss) before tax to net cash flows : Depreciation and amortization expense 4,375 2,443 Finance cost 1,837 564 Dividend income (5) (15) Interest income (627) (1,250) Expected credit loss on financial assets - 254 Change_in fair value of investments (44) (16) Unrealised exchange loss/ (gain) (Net) 1,112 (700) Operating profit/ (loss) before working capital changes (3,491) 14,576 Movements in working capital: · - - · (Increase)/ Decrease in inventories 826 (8,715) - (Increase)/ Decrease in trade receivables 1,127 8,837 (Increase)/ Decrease in other assets (3,834) (7,936) (Increase)/ Decrease in other financial assets 49 (93) (Decrease)/ Increase in trade payables (1,832) (5,455) (Decrease)/ Increase in other financial liabilities (843) 631 (Decrease)/ Increase in other current liabilities 11,998 (46) (Decrease)/ Increase in provisions 843 669 Cash generated from operations 4,843 2,468 Taxes paid (Net) (867) (3,294) Net cash generated from / (used In) operating activities (A) 3,976 (826) 8. Cash flow from investing activities: Purchase of property, plant and equipment, capital work in progress and Intangible assets (4,907) (15,639) Investments made in others (12) (23) Deferred payment/ payment on acquisition of subsidiary (219) (201) Bank deposit made during the year (with maturity more than three months) (4,713) (34,404) Bank deposit matured during the year (with maturity more than three months) 3,832 47,527 Dividend received 5 15 Interest received 668 1,709 Net cash used in investing activities (8) (5,346) {1,016) c. Cash flow from financing activities: Repayment of Borrowings - Non-Current (including current maturities) (2,076) (170) Proceeds from Borrowings - Non-Current (including current maturities) - 9,904 Borrowings - Current (Net) 962 46 Payment of lease liability (773) (418) Dividend paid (1,517) (1,778) Finance cost (1,689) (487) Net cash generated from/ (used in) financing activities (C) {5,093) 7,097 Net Decrease in cash and cash equivalents (A)+(B)+(C) (6,463) 5,255 Effect of exchange difference on cash and cash equivalent held in foreign currency (460) 268 Cash and cash equivalents as at the beginning of the year 18,456 14,929 Cash and cash equivalents as at the end of the year 11,533 20,452 Note: The above cash flow statement has been prepared under the "Indirect Method " as set out in the Indian Accounting Standard (Ind AS-7) - Statement of Cash Flows prescribed under the Companies Act (Indian Accounting Standard) Rules, 2015 under the Companies Act, 2013. Place: Mumbai Date: 3rd November 2026 For Ion Exchange {India) Limited RAJ ESH Dlgltallyslgned by RAJ ESH a-lANDRABHAN CHANDRABHA SHARMA N SHARMA ~==~~2:0~~: Rajesh Sharma Executive Chairman IN DRANE ~~:~fs~~~es: EL DUTT ~;=~~=!i2:0~)3~~ lndraneel Dutt Managing Director & CEO
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PARTICULARS 1. Segment Revenue a) Treatment Solutions b) Industrial Products c) Lifecycle Services d) Specialty Chemicals e) Consumer Products f) Unallocated Total Less : Inter segment revenue Net Sales/ Income from Operations 2. Segment Results a) Treatment Solutions b) Industrial Products c) Lifecycle Services d) Specialty Chemicals e) Consumer Products f) Others Total Less: i) Finance Cost ii) Other unallocable expenditure net off unallocable income (Refer note 2) Add: Interest Income Total Profrt Before Taxation ION EXCHANGE (!NOIA) LIMITED Regd. Office : Ion House, Or. E.Moses Road, Mahalaxmi, Mumbai - 400 011 (CIN - L74999MH1964PLC014258) Unaudited Segment wise Revenue, Results, Assets and Liabilities for quarter and half year ended 30th September 2026 INR in Lacs Standalone Consolidated Quarter ended Half Year ended Year ended Quarter ended Half Year ended Year ended 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 14,298 20,100 29,007 34,398 46,330 1,07,800 13,419 10,553 9,737 23,972 18,582 44,795 6,107 5,866 6,590 11,973 11,272 23,577 21,378 18,612 18,269 39,990 32,974 71,800 10,054 11,236 7,706 21,290 16,134 34,310 - - - - - 136 65,256 66,367 71,309 1,31,623 1,25,292 2,82,418 3,683 2,811 3,485 6,494 5,685 14,527 61,573 63,556 67,824 1,25,129 1,19,607 2,67,891 (11,385) (1,826) 723 (13,211) 2,557 2,015 1,108 1,366 1,018 2,474 1,482 4,306 601 622 308 1,223 709 2,655 2,326 2,476 5,369 4,802 9,480 16,S72 (427) (44) (235) (471) (294) (1,014) - - - - - - (7,777) 2,S94 7,183 (5,183) 13,934 24,534 857 821 217 1,678 383 2,054 1,467 758 1,312 2,225 2,490 6,630 482 522 758 1,004 1,655 2,812 (9,619) 1,537 6,412 (8,0821 12,716 18,662 30.09.2026 Unaudited 14,977 13,600 7,064 25,461 10,054 - 71,156 3,683 67,473 (12,1S4) 856 586 2,248 (414) 5 (8,873) 942 1,319 296 (10,838) 30.06.2026 30.09.2025 30.09.2026 Unaudited Unaudited Unaudited 20,988 10,513 7,155 22,965 11,236 - 72,857 2,811 70,046 (1,735) 1,248 713 2,227 (34) 8 2,427 895 1,164 331 699 RAJESH 29,S7S 10,086 7,703 21,809 7,706 - 76,879 3,485 73,394 (1,224) 736 2,305 6,288 (226) 2 7,881 308 1,378 555 6,750 Dlgftally slgnedby RAJESH CHANDRABH ;~~:;"HAN AN SHARMA Dal e: 2026.11.03 20:08:27+-05 '30' 35,96S 24,113 14,219 48,426 21,290 - 1,44,013 6,494 1,37,519 (13,889) 2,104 1,299 4,475 (448) 13 (6,446) 1,837 2,483 627 (10,139) 30.09.2025 31.03.2026 Unaudited Audited 47,965 1,12,213 19,308 43,697 13,292 28,883 40,699 86,772 16,134 34,310 - 136 1,37,398 3,06,011 5,685 14,527 1,31,713 2,91,484 457 2,711 1,242 2,856 2,891 3,789 10,913 17,707 (271) (963) 2 (31) 15,234 26,069 564 2,400 2,625 6,468 1,251 2,122 13,296 19,323 Digitally signed IN DRANE bylNDR ANEEL DUTT EL DUTT Date:2026.11.03 20:11 :03 +05'30'
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INR in Lacs Standalone Consolidated Quarter ended Half Year ended Year ended Quarter ended Half Year ended Year ended PARTICULARS 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.202S 31.03.2026 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Unaudited Unaudited Unaudited Unaudited Unaudited Audited 3 Segment Assets a) Treatment Solutions 1,22,000 1,30,553 1,22,874 1,22,000 1,22,874 1,31,803 1,24,577 1,33,019 1,25,121 1,24,577 1,25,121 1,34,804 b) Industrial Products 34,092 33,690 30,999 34,092 30,999 33,294 36,750 36,595 33,064 36,750 33,064 34,952 c) Lifecycle Services 12,477 12,325 14,086 12,477 14,086 13,784 16,011 16,210 17,904 16,011 17,904 17,493 d) Specialty Chemicals 1,11,436 1,03,774 86,029 1,11,436 86,029 1,00,754 1,26,882 1,18,678 1,03,975 1,26,882 1,03,975 1,16,113 e) Consumer Products 12,792 12,852 11,804 12,792 11,804 12,863 12,792 12,852 11,807 12,792 11,807 12,862 f) Others - - - - - - 1,324 1,251 1,693 1,324 1,693 1,689 g) Unallocated 36,344 33,577 32,331 36,344 32,331 33,537 21,989 19,637 17,485 21,989 17,485 20,080 Total Assets 3,29,141 3,26,771 2,98,123 3,29,141 2,98,123 3,26,035 3,40,325 3,38,242 3,11,049 3,40,325 3,11,049 3,37,993 4 Segment Liabilities a) Treatment Solutions 88,150 79,861 72,372 88,150 72,372 80,343 91,240 82,673 74,828 91,240 74,828 83,881 b) Industrial Products 21,796 19,691 17,696 21,796 17,696 21,121 23,657 21,253 18,953 23,657 18,953 21,722 c) Lifecycle Services 4,631 5,590 5,433 4,631 5,433 6,173 5,315 6,503 6,632 5,315 6,632 7,290 d) Specialty Chemicals 62,798 58,712 50,683 62,798 50,683 57,141 74,937 70,490 63,688 74,937 63,688 68,616 e) Consumer Products 8,874 9,873 9,050 8,874 9,050 9,387 8,874 9,873 9,050 8,874 9,050 9,387 f) Others - - - - - - 187 145 177 187 177 181 g) Unallocated 11,489 12,955 8,231 11,489 8,231 12,906 11,463 12,967 8,238 11,463 8,238 12,884 Total Liabilities 1,97,738 1,86,682 1,63,465 1,97,738 1,63,465 1,87,071 2,15,673 2,03,904 1,81,566 2,15,673 1,81,566 2,03,961 Notes: 1) Note on Segment Re11orting (I) The Company has identified and reported the segment information in line with the Ind AS 108 "Operating Segments". (11) Effective from 1st April, 2026, pursuant to the Company's strategic objective, the Company has realigned its portfolio 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. (111) 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 segment, has been carved out and included in the newly formed Industrial Products segment. (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 & consumables 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 l,4S4 Lacs and INR 1,689 Lacs in Standalone and Consolidated Segment respectively towards impact of Labour Code for year ended 31st March 2026. For Ion Exchange (India) Limited - - · ---~.,.,.- . RAJESH Dlgltal)o,igr,edbyRAJESH INDRANEE : 1:!'t~~~~ /~n,z,s\<.ln.s cf.'\ ~n'<>09e (1_.,0- CHANDRABH ~=~N=,~~~:~ LDUTT Dat e:20 26.11.03 // '<. U) AN SHARMA +05'3D 20:11:18+05'30' Place: Mumbai (_·· ,03 ~ ) 13 ~) Rajesh Sharma lndraneel Dutt Date : 3rd November 2026 \.,..... - Executive Chairman Managing Director & CEO .·n "' \\~~~A. I, ~ Vo/'-- -__./. Q .._/2 ~o * ~ ~ ~