Interim report
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Birla Corporation Limited Corporate Office: 1, Shakespeare Sarani, A.C. Market (2nd Floor), Kolkata 700 071 P: 033 6603 3300-02 F: +91 332288 4426 E: Coordinator@birlacorp.com Registered Office: Birla Building, 9/1 R. N. Mukherjee Road, Kolkata-700001 | CIN: L01132WB1919PLC003334 | | www.birlacorporation.com| P: 033 6616 6745/6826; +91 33 2248 2872/7983 31st October, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001 Scrip Code: 500335/ 732571 National Stock Exchange of India Ltd. ‘Exchange Plaza’, C-1, Block G, Bandra-Kurla Complex, Bandra (East) Mumbai- 400 051 Scrip Symbol: BIRLACORPN Dear Sir(s), Sub: Outcome of Board Meeting dated 31st October, 2026 Ref: Regulation 30, 33 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 This is to inform that the Board of Directors of the Company at its meeting held today i.e. 31st October, 2026 has, inter alia, considered and approved the following: 1. Standalone and Consolidated Unaudited Financial Results of the Company for the quarter and half year ended 30th September, 2026. The Standalone and Consolidated Unaudited Financial Results of the Company for the quarter and half year ended 30th September, 202 6 along with the Limited Review Report(s) (Standalone and Consolidated) issued by the Statutory Auditors of the Company are enclosed herewith. 2. Passed an enabling Resolution authorizing i ssuance of listed, secured/ unsecured, redeemable Non-Convertible Debentures (“NCD”) aggregating upto ₹2,50,00,00,000/- (Rupees Two Hundred Fifty Crore only) on private placement basis, in one or more tranches, within the overall borrowing limits of the Company, as approved by the members. The Board of Directors has authorized Managing Director & Chief Executive Officer of the Company (‘Authorised Person’) to determine the size of the issue along with the detailed terms and conditions of the issue and take all necessary steps, incidental, consequential and relevant or ancillary thereto, in connection with the proposed issuance of NCD. The details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated 30th January, 2026 is enclosed as “Annexure - A”. The meeting commenced at 12.15 p.m. and concluded at 3.40 p.m. This is for your information and record. Thanking you, Yours faithfully, For BIRLA CORPORATION LIMITED (MANOJ KUMAR MEHTA) Company Secretary & Legal Head Encl: As above
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Birla Corporation Limited Corporate Office: 1, Shakespeare Sarani, A.C. Market (2nd Floor), Kolkata 700 071 P: 033 6603 3300-02 F: +91 332288 4426 E: Coordinator@birlacorp.com Registered Office: Birla Building, 9/1 R. N. Mukherjee Road, Kolkata-700001 | CIN: L01132WB1919PLC003334 | | www.birlacorporation.com| P: 033 6616 6745/6826; +91 33 2248 2872/7983 Annexure – A Sl. No. Particulars Details 1 Type of securities proposed to be issued Non-Convertible Debentures (NCDs) 2 Type of issuance (further public offering, rights issue, depository receipts (ADR/GDR), qualified institutions placement, preferential allotment etc.) Private Placement through the electronic book mechanism 3 Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately); Upto 25000 NCDs of face value of ₹1,00,000/- each aggregating upto ₹250,00,00,000/- (Rupees Two Hundred Fifty Crore only) 4 Size of the issue Upto ₹250,00,00,000/- (Rupees Two Hundred Fifty Crore only), in one or more tranches. 5 Whether proposed to be listed? If yes, name of the stock exchange(s) Yes, the NCDs are proposed to be listed on BSE Limited/ National Stock Exchange of India Limited. 6 Tenure of the instrument - date of allotment and date of maturity As may be decided by the Authorised Person 7 Coupon/interest offered, schedule of payment of coupon/interest and principal As may be decided by the Authorised Person 8 Charge/security, if any, created over the assets In case of secured NCDs, the same shall be secured by way of a first pari-passu charge over the fixed assets of the Company, on such terms and conditions as may be finalised by the Authorised Person. 9 Special right/ interest/ privileges attached to the instrument and changes thereof As may be decided by the Authorised Person 10 Delay in payment of interest / principal amount for a period of more than three months from the due date or default in payment of interest / principal Not Applicable 11 Details of any letter or comments regarding payment/non-payment of interest, principal on due dates, or any other matter concerning the security and /or the assets along with its comments thereon, if any Not Applicable 12 Details of redemption of debentures As may be decided by the Authorised Person 13 Any cancellation or termination of proposal for issuance of securities including reasons thereof Not Applicable
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°' IND I A V. SANKAR AIVAR & CO. CHARTERED ACCOUNTANTS Sarojini House, 6 Bhagwan Das Road, New Delhi-110001 Tel. (011)44744643; e-mail: newdelhj@vsa.co.in INDEPENDENT AUDITOR'S LIMITED REVIEW REPORT ON THE UNAUDITED CONSOLIDATED FINANCIAL RESULTS OF THE BIRLA CORPORATION LIMITED FOR THE QUARTER ANO HALF YEAR ENDED 30th SEPTEMBER. 2026 TO THE BOARD OF DIRECTORS OF BIRLA CORPORATION LIMITED 1. We have reviewed the accompanying statement of Unaudited Consolidated Financial Results ("the Statement") of Birla Corporation Limited ("the Holding Company") and its subsidiaries ("the Holding Company and its subsidiaries together referred to as "the Group") for the quarter and half year ended 30th September 2026, being submitted by the Holding Company pursuant to the requirement of Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. This Statement which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors in their meeting held on 31st October 2026, 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 and other accounting principles generally accepted in India and in compliance with Regulations 33 and 52 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). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement Is free from material misstatement. A review of interim financial information consists of making inquiries, primarily of Holding 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 No. CIR/CFD/CMDl/44/2019 dated 29th March, 2019 issueci by the SEBI under regulations 33(8) of the Listing Regulations to the extent applicable. 4. The statement includes the result of following entities: a. Birla Corporation Limited (BCL) (Parent) b. RCCPL Private Limited (RCCPL) (100% subsidiary of BCL) c. Birla Jute Supply Company Limited (100% subsidiary of BCL) d. Talavadi Cements Limited (98.01% subsidiary of BCL) e. Lok Cements Limited (100% subsidiary of BCL) f. Budge Budge Floor Coverings Limited (100% subsidiary of BCL) g. Birla (Cement) Assam Limited (100% subsidiary of BCL) h. M.P. Birla Group Services Private Limited (100% subsidiary of BCL) i. AAA Resources Private Limited (100% subsidiary of RCCPL) j. Utility Infrastructure & Works Private Limited (100% subsidiary of RCCPL) k. SIMPL Mining & Infrastructure Limited (100% subsidiary of RCCPL) OTHER OFFICES: MUMBAI I CHENNAI I NOIDA I HYDERABAD I BENGALURU I COIMBATORE
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V. Sankar Aiyar & Co., Chartered Accountants Continuation Sheet 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 other auditor and management's certificates referred to in paragraph 6 to 8 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 Ind AS 34 prescribed under section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. We did not review the financial information / financial results of one subsidiary included in the consolidated unaudited financial results, whose financial information/ financial results (before consolidation adjustments) reflect total assets off 7,905.08 Crores as at 30th September 2026 and total revenues off 1,184.90 Crores and f 2,517.02 Crores for the quarter and half year ended 30th September 2026 respectively and total profit after tax of f 17.08 Crores and f 89.54 Crores for the quarter and half year ended 30th September 2026 respectively and total comprehensive income of f 17.61 Crores and f 91.45 Crores for the quarter and half year ended 30th September 2026 respectively and net cash outflows of f 39.73 Crores for the half year ended 30th September 2026. These financial information/ financial result has been reviewed by other auditor whose report has 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 this subsidiary, is based solely on the reports of the other auditor and the procedures performed by us as stated in paragraph 3 above. 7. The consolidated unaudited financial results include the interim financial information of eight subsidiaries which have not been reviewed by their auditors and are based solely on management certified accounts, whose financial information (before consolidation adjustments) reflect total assets off 100.60 Crores as at 30th September 2026 and total revenues of ~ 0.01 crore and ~ 0.13 Crore for the quarter and half year ended 30th September 2026 respectively and total profit after tax of(-) f 0.66 Crore and (-) f 1.31 Crores for the quarter and half year ended 30th September 2026 respectively and total comprehensive income of( -) f 0.66 Crore and( -) f 1.31 Crores for the quarter and half year ended 30th September 2026 respectively and net cash inflows off 1.31 Crores for the half year ended 30th September 2026 as considered in the consolidated unaudited financial results. According to the information and explanation given to us by the Management, these interim financial statements are not material to the Group. 8. The consolidated unaudited financial results include the interim financial information of one subsidiary, whose financial statement (before consolidation adjustments) reflect total assets of f 13.09 Crores as at 30th September 2026 and total revenues of f 0.28 Crore and f 0.35 Crore for the quarter and half year ended 30th September 2026 respectively and total profit after tax of f 0.14 Crore and f 0.11 Crore for the quarter and half year ended 30th September 2026 respectively and total comprehensive income off 0.14 Crore and f 0.11 Crore for the quarter and half year ended 30th September 2026 respectively and net cash inflows off 0.08 Crore for the half year ended 30th September 2026 as considered in the consolidated unaudited financial results. This financial information has been reviewed by another auditor and for consolidation purpose, adjustments have been made by the subsidiary company's management. We have reviewed these consolidation adjustment s made by the subsidiary company's manasement. our opinion In so far relates to the affairs of the above mentioned subsidiary is based on review report of the other auditor and consolidation adjustments prepared by the subsidiary company's management and reviewed by us. Our conclusion on the statement in respect of the matters stated in paragraph 6 to 8 above is not modified with respect to our reliance on the work done and the reports of other auditor and the financial informat ion certified by the Management. Place: New Delhi Dated: 31st October, 2026 For v. sankiu Aiyilr & Co, Chartered Accountants ICAI Firm Regn. 109208W ~ Puneet Kumar Khandelwal Partner (M. No. 429967) UDIN : 26429967GILLFK1440
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■IRLA CORPORATION UMIT£D Read. Offlce: 9/1, R.N. Mukherjee Road, Kolbta-700 001 CIN-L01132W81ll19PLC003334 UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALf YEAR ENDED 3QJH SEPTEMBER, 202§ Consolidated Quarter Quarter Quarter Half Year Matf Vear Pa rtlculars ~mlcd fnded Ended Ended Ended JOth Sept, 26 30thJune , 26 30th Sept, 25 30th Sept, 26 30th Sept, 25 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) 1nWll 1 Revenue from operations 2,415.42 2,646 .45 2,206.53 5,061.87 4,660.75 2 Other Income 25.n 22.96 26.91 48.73 58.85 3 Total Income 2,441.19 2,669.41 2,233.44 5,110 .60 4,719 .60 llHIIW a) Cost of materials consumed 442.39 448.74 369.70 891.13 744.02 b) Purchases of stock•ln•trade 13.98 14.02 7.93 28.00 15.60 c) Changes ln Inventories of finished aoods, work-ln-procress (49.28) (22,71} (101.98) (71.99} (22.74) c1nd stock·ln·trade d) Employee benefits expense 153.54 155.30 151.65 308.84 303.67 e) Finance costs 63.12 67.22 66.S3 130.34 137.25 f) Depredation and amortlsatlon expense 138A7 142.30 134.31 280.77 264.88 g) Power & fuel 506.02 479.65 447.11 985.67 841.69 h) Transport & forwarding expenses • On finished products 507.42 591.38 473.39 1,098.80 1,037.52 • On Internal material transfer 87.46 86.72 78.48 174.18 158.67 I) Other expenses 526.09 551.09 475.37 1,on.18 930.71 4 Total expen,es 2 389.21 2 513.71 2102 .49 4 902.92 4 411.27 5 Profit before exceptional Items and tu 51,98 155.70 130.95 207.68 308.33 6 Exceptional Items (Refer Note 2) . . . . . 7 Proft before t .. 51,91 lS~.70 130,95 207.68 308.33 8 Tax expenses -Current tax 12.40 40.7S 25.93 53.15 60.00 -Deferred tax 2.11 (0.78) 14.54 1.33 38.28 -Income tax relating to earlier years . . . . - •Deferred tax relatln1 to earlier years . . . . . 9 Net Profit for the Period 37.47 115.73 90.48 153.20 210.05 Profit att£1bytablc to; • Owners of the Parent 37.47 115,73 90.48 153.20 210.05 • Non Controlling Interest . . - . 10 Other Comprehensive Income A. (I) Items that will not be reclassified to Profit or Loss 68.03 150.81 (150.30} 218.84 (3.55) (ii) Income Tax relating to items that will not be reclassified (9.73) (21.56) 22.01 (31.29) 0.76 to Profit or Loss B. (I) Items that will be reclassified to Profit or Loss 0.40 2.21 1.35 2.61 2.99 (ii) Income Ta. relating to Items that will be reclassified to 0.48 (0.74) (0.17) (0.26) (1.05) Profit or Loss Other Comprehensive Income for the Period (Net of Tu) 59.18 130.72 (127.11) 189.90 (0.85) Qlbl[ C.O:m11ccb1:01tt• 10,amc 1lltlbLd1bll la· • Owners of tho Parent 59.18 130.72 (127.11) 189.90 (0.85) • Non Controlllng Interest . . - - 11 Total Comprehensive Income for the Period 96.65 246.45 (36.63} 343.10 209.20 I2s11 '2m11r1b1a1Jn 10,21111 1llclbY11bl1 tg; - Owners of the Parent 96.65 246.45 (36.63) 343.10 209.20 • Non Controlli ng Interest . . . . . 12 Paid-up Equity Share capital (Face Value , 10/· each) n.oi 77.01 77.01 n .01 77.01 13 Other Equity 7,534.53 7,070.30 14 Basic and Diluted Earnings Per Share (Face Value of llt 10/· 4.86 15.03 11.75 19.89 27.28 each) for the period (lit) I , In Crores) Ye•r Ended 31st March, 26 (Audited) 9,655.61 116.95 9,772 .56 1,484.73 36.15 (37.60) 584.45 264.49 531.82 1,754.74 2,144.10 333.08 1,901.52 8 997.48 ns.oa 6.55 768.53 180.67 38.03 18.38 (26.13) 557.58 557.59 (0.01) (158.65) 25.65 3.20 (1.20) (131.00) (131.00) . 426.58 426.59 (0.01) 77.01 7,287.69 72.41
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f:jg1l1i 1) 2) Additional Disdosure as per Regulations 52(4) of Seairitles and Exchange Board of India (Listing Obllgatlons and Dlsdosure Requireme nts) Regulations, 2015: Quarter Quarter Quarter Half Year Half Year Year Sr. Ended Ended Ended Ended Ended Ended No. P■Olcvl•a 30th Sept, 26 30th June, 26 30th Sept. 25 30th Sept, 26 30th Sept, 25 31st March, 26 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) al O@bt fauitv Ratio l in timHl 0.43 0.46 0.47 0.43 0.47 0.51 bl Debt Service Coverue Ratio fin tlmesl 0.93 1.31 1.22 1.12 1.10 1.73 c) Inte rest Service coverage Ratio On times) 4.02 5.43 4.99 4.75 5.18 S.92 d) Debenture Redemption Reserve ( , In Crores) . 9.00 9.00 . 9.00 9.00 el Net Worth I , in Crores) 6485 .24 6484.85 6,024.09 6,485.24 6 024.09 6,238.40 fl Net Profitafter Tax (, in Croresl 37.47 115.73 90.48 153.20 210.05 557.S8 g) Basic and Diluted Eamlnas Per Share (Face Value of 4.86 15.03 11.75 19.89 27.28 72.41 , 10/· each) for the oeriod m h) current Ratio On times I 1.20 1.27 1.04 1.20 1.04 1.26 I) Loni Term Debt to Work.in1 Capital (In times) 2.83 2.36 4.58 2.83 4.58 2.35 I) Bad Debts to Account Receivable Ratio (In times) . . . . . 0.00 k) Current Uabllltv Ratio {ln times) 036 0.37 0.38 036 0.38 0.37 I) Total Debts to Total Assets !in times\ 0.19 0.20 0.20 0.19 0.20 0.22 ml Debtors Turnover tin times) 19.76 2S.19 18.67 26.03 22.47 29.03 nl lnventorv Turnover fin times} 8.31 9.16 8.98 9.00 9.45 9.19 o) Operatlna Marain fin %1 959% 13.12% 13.99% 11.44% 14.15% 15.28% p) Net Profit Margin (In%) 1.58% 4.44% 4.15% 3.07% 4.56% 5.86% Sub Notes: I) Debt• Eaultv Ratio• (Non-Current Borrowings+ Current Maturities of Non-Current Borrow ings)/ Eauitv (exduding Revaluation Surplus and Caoital Reserve) II) Debt Service Coverage Ratio= (Earnings before Interest, Tax and Depreciation)/ (Interest Expense+ Principal Payment for Non-Current Borrow ings during the period) 111) Interest Service Coverau Ratio• Eamlmts before Interest Tax and Depreciation/ Inte rest Exoense Iv) current Ratio = Current Assets/ Current liabilities v) Long Term Debt to Working Capital • (Non-Current Borrow ings+ Current Maturit ies of Non-Current BorrowlnRS) / (Current Assets• Current Liabilities excluding Current Maturitleo of Non-Current IIOrrowlnS$) vi) Bad Debts to Account Receivable Ratio • Bad Debts written off I Trade Receivables vii) Current Uabllltv Ratio• current Liabilit ies / Total liabilities viii) Total Debts to Total Assets• (Non-Current Borrowings+ Current Maturities of Non-Current Borrowings )/ Total Assets Ix) Debtors Turnover• Annualised Sale of Products & Services/ Average Debtors x) lnventorv Turnover• Annualised Sale of Products & Services/ Averaae lnventorv xi) Operating Margin• (Profit before Depredatio n, Interest, Tax and Exceptional Item Less Other Income)/ Sale of Products & Services xiii Net Profit Margin: Profit after Tax/ Sale of Products & Services Exceptional Item lndudes : (a) The Ministry of labour & Emptovment (MolE), Government of India had announced the Implementat ion of four Labour Codes viz the Code on Wages, 2019, the Industria l Relations Code, 2020, the Code on Sodal Seairity, 2020 and the Occupational Safety, Health and working Condit ions Code, 2020 effective 21st November, 2025. The Group had assessed the Impact of the changes and accrued the Incremental Impact towards Gratuity and Compensated absences of, 34.14 Crores and dlsdosed as an Exceptional Item for the previous year ended 31St March, 2026. (b) During the previous quarter year ended 31st March , 2026, the Holdins Company had made additiona l Expected Credit Loss Provision of, 35.68 Crores on Incentive and Subsidy Receivable from the State Government of West Bengal (Refer Note No. 4 below) . (c) Considering the pendln1 litigation reprding ellsibility of certain mining rlshts and expected delay in commencement of the projects In the state of Himachal Pradesh and Mahara shtra, the manaa:ement of one ol th~ who lly owned subsidiary company, had reassessed t he f•lr value of these IVl1nlna Rlahts as at at.st Marc h, ZOZCi, l'lt~nlingly , <IUrlng the previous year ended 31st March, 2026, lmp~irmQnt lou of, 28.0S Crom had been charged in the statement of profit and loss. (d) During the previous year ended 31st March, 2026, one of the wholly owned subsidiary company had recognized Incentive Income of , 91.32 Croras pertainin g to flnandal year 2023-24 relating to Mukutban plant situated In the state of Maharashtra, based upon the revised offer received towards Mega Project under Maharashtra Pack.age Scheme of Incent ives (PSI) 2007. 3) During the current quarter ended 30th Septembe r 2026, the Holding Company fully repaid Its outstanding secured non-convert ible debentures of" 100.00 Crores on their respective due dates and no secured non-convert ible debentures were outstand ing as on 30th September 2026. Further, during the current quarter , the Holding Company luued unseaired listed commercial papers having an aggregate face value of " 50.00 Crores, which are repayable on 14th December, 2026. 4) The Holdina Company is entitled to receive Incentive In the form of lndustrlol Promotion Assistance (IPA) under the · west Bengal Incentive S<;heme, zooo· (WBIS ZOOO) In relation to the Cement manufacturing Unit "Durga HI-Tech Cement" (DHTC} and under "West Bengal State Support for Industr ies, Scheme, 2008" (WBSS 2008) for Unit "Durppur Cement Works" (OCW), both located at Durgapur. The gross outstand ins daim balance Is, 13858 Crores and, 28.58 Crores re,pectively . The Hon' ble Calcutta Hi&h Court vide its order dated 22nd September, 2022 had directed the State Government to pay the amount of IPA of 'I 55.66 Crores in respect of DHTC, which was already sanctioned to the Holdi ng Company by "West Bengal Industrial Developm ent Corporat ion Ltd" (WBIOC) (for the years 2010-11 to 2012· 13) within four weeks from the date of the Order and to dispose of the representation made by the Holding Company (for balance amount of incentive relating to the years 2013·14 to part of 2015·16) within six weeks from the date of the Order. Hon' ble Division Bench of Calaitta High Court vide Its order dated 9th April, 2024 dismissed the appeal filed by the State Government aplnst the above order and reiterited the directions . Special Leave Petition (SLP) filed bv the State Government against the order of the DMslOn Bench was also dismissed bv the Hon'ble Supreme Court on 23rd September, 2024. 0-.
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In the meanwhile, the West Bencill Le&Jslature enacted the "Revocation of West Ben1al Incentive Scheme and Obligations In the Nature of Grant and Scheme Act, 2025", (Revocation Act) effective from 2nd April, 2025 rescinding. revokin& and discx:,ntinulnc the various Incentive schemes sanctioned by the State Government lndudlng WBIS 2000 and WBSS 2008, retrospectively . The Holding Company, on the basis of legal advice, had flied a writ petition before the Hon'ble High Court at Calcutta challenglng the legal validity and retrospective appllc.ablllty of the RevOQtlon Act, AS a matter of abundant caution, based on iu a~ment of the expected time for recovery of the Incentive, a provision of~ 63.29 Crores for DHTC claim and "28.58 Crores for DCW Oalm, on account of time value of money based on the expected credit loss method, is being carried as on 30th September, 2026. 5) The Government of India, on 20th September 2019, vide the Taxation ~ws (Amendment) Ordinance 2019, Inserted a new Section 115BAA in the Income Tax Act, 1961, which provides an Irrevocable option to a corporate for paying Income Tax at concesslon;il rates as per the provisions/conditions defined In the said section. Up to 31 March 2026, the Holding Company continued to compute its current tax liability under the existing tax regime, considering the avaliabillty of unutlllsed Minimum Alternate Tax (MAT) credit entitlement . However, In accordance with the applicable accounting requirements, deferred tax assets and deferred tax llabillties were measured using the tax rates expected to ;ipply upon reversal of the underlying temporary differences, I.e., the concessional tax rates under Section 11SBAA. During the current half year ended, the Holdin& Company has exercised the option under Section 11SBAA of the Income-tax Act, 1961, and accordingly, computed Its tax liability as per the concessional tax rates as prescribed in the said section. 6) Revenue from Operations for the quarters ended 30th June, 2026 and 30th September, 2026 and the half ye;ir ended 30th September, 2026 lndudes "2 .00 Crores, " 4.59 Crores and " 6.59 Crores, respectively, towards price revisions relatln& to Jute baas sold by Holdin& Company In earlier years, pursuant to Gazette Notifications issued by the Office of the Jute Commissioner on various dates durlna the current half year. 7) Tax expenses of" 18.12 Crores had been accounted during the previous year ended 31St March, 2026 on account of demand notices received for earlier years from the Income Tax Department Further, pursuant to completion of earlier years Income tax usessments, the Group had (I) accrued Minimum Alternate Tax Credit Entitlement of" 26.13 Crores during the previous year l!nded 31St March, 2026, and (11) reversl!d accumulatl!d provision for tax amounting to" 0.19 Crore during the previous year ended 31st March, 2026 and (ill) provided additional tax expenses amounting to" 0.45 Crore for the previous year ended 31st March, 2026. • 8) Figurl!s for previous periods have been regrouped/rearranged, wherever necessary. 9) a) The above results were reviewed by the Audit Committee on 31st October, 2026 and approved by the Board of Directors of the Company at Its meeting held on 31st October, 2026. The above reiults have been reviewod by the St~tutory Auditors of the Company. b) Key Standalone financial Information: Particulars Total Income Net Profit before Tax and exceptional Items Net Profit before Tax after exception al Items Net Profit after Tax Kolbta 31st October, 2026 Quarter Ended 30th Sept, 26 30th June, 26 (Unaudited) (Unaudited) 1,4083' 1,466.73 29.28 55.43 29.28 55.43 21.43 40.75 M • A/tJ • 4 2. CJ 'JI 1- 1(.AR AIYAR NEW DELH RN 109208 EREDACCO\J 30th Sept, 25 (Unaudited) 1,248.07 80.18 80.18 53.12 ( f In Crores) Half year Ended Year Ended 30th Sept, 26 (Unaudited) 2,875.07 84.71 84.71 62.18 30th Sept, 25 31st March, 26 (Unaudited) (Audited) 2,698.73 5,575.11 200.77 413.28 200.77 356.38 130.99 249.75 For Blrla Corporation Limited £(,.Vk~ ~ Chairman DIN: 00394094
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IIRIA CORPORATION UMITEO CIN No, L01ll2W■1919PI.COOU34 UNAUOITtO CONSOUDATED STATEMENT OF ASSETS AND UABIUTIES AS AT 30TH SEPTEMBER, 2026 (' In cro,.o Consolidated as at 30th Sept, 26 31st March, 26 (Unaudited) (Audited) A ASSETS 1 NON-CURRENT ASSETS . (al Property, Plant and Equipment 8,410.87 8,591.99 (bl Capital Work-In-Progress 540.61 470.82 (c) Investment Property 1.08 1.08 (d) GoodwiU on Consolidation 0.03 0.03 (e) lntanalble Asseu 1,044.36 964.43 (f) Intangible .O.SSeu under Development 0.06 0.06 (g) Blologlcal Asseu other than Bearer Planu 0.50 0.50 (h) Anandal Assets (I) Investments 804.58 586.14 (ii) Loans 125.13 125.37 (iii) Other financial Assets 206.02 201.23 (II Non Current Tax Asset (Net) 109.56 88.02 UI Other Non-Current Assets 171.23 132.84 Sub-Total - Non Current Assets 11,AJA.03 1.1.,162.Sl 2 CURRENT ASSETS (al Inventories 1,110.70 1,103.52 (b) Flnandal ASsets (i) Investments 399.U 1,060.28 (Ii) Trade Receivables 449.43 316.63 (Ill) Cash and Cash Equivalents 32.92 129.64 (Iv) Bank Balances other than Cash and Cash Equlvalenu 2.49 S.28 (v) Loans 2.43 1.68 (vi) Other Flnanclal Assets 542.76 456.43 (c) Other Current Assets 368.47 273.41 (d) Non-Current Assets classified H Held for Sale 0.68 0.68 Sub-Total• Current Assats 2,909.00 3,347.55 Total Assets 14,323.03 14,510.06 a EQUITY AND UABIUTIES 1 EQUITY (1) Equity Shar,~ C.pltal 77.01 77.01 (bl Other Equity 7,534.53 7,287.69 Sub-Total • Equity 7,611.54 7,364.70 2 NON <ONTROWNG INTEREST 0.02 o.oz UABIUTIES 3 NON<URIIENT UA81UTIES (a) Financial Liabilities (I) Borrowings 2,268.54 2,517.09 (II) Lease Uabillties 101.36 106.07 (lli) Other financial Uabi~ties 642.69 633.48 (b) Provisions 6S.40 71.52 (c) Deferred Tax liabilit ies (Net) 1,060.45 1,027.58 (d) Other Non current Uabilities 138.87 130.75 SUl>-Touil. Non Current UelllUllel 41i77,U 4,486,49 4 CURRENT UABIUTIES (a) financial Liabilities (I) Borrowings 648.76 7S8.18 (II) Lease Uabilltles 10.03 9.38 (Ill) Trade Payables • Total outstand ing dues of 31.52 41.68 micro enterpr ises and small enterprises - Total outstand ing dues of creditors other 799.51 856.34 than micro enterprises and smaU enterprises (iv) Other Financial Uabilities 675.91 686.04 (b) Other Current Uabllftle. 238.00 282,50 (c) Provlslons 30.41 23.05 (d) Current Tax Uabllltles (Net) 0.02 1.68 Sub-Total · Current Llabllltles 2,434.16 2,658,85 Total Equity and LlabUltles 14,323.03 14,Sl0 .06 For Blrla Corporation Limited ;;-L_ ~vk~ ~ NAARA111AR &~ ~V. LOOHAI NEW DELHI ~ lallata 9f. FRN 109208W~ * Chairman 31st October, 2026 DIN: 00394094 -....:::~ '"· ·-
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IIRIA CORPORATION UMlnD CIN No. L01U2WIU1,,.LQIOU34 UNAUDITED CONSOLIDATED SEGMENT WISE REVENUE RESULTS AND CAPITAL EMPLOYED (-t1ncr-1 Consolld1ted Quarter Ended Quarter Ended Quarter Ended Half Year Ended Half Year Ended Year Ended Part ... •1•- 30UIJep!, 21 :SOl/lJune,21 30th Jept, ZS 30th Sepe, 26 30th Sept, 25 31st March, 26 (Una,udlted) (Una,udltlld) (Unaudited) (Unaudited) (Una,udlted) (Audited) 1. Seament Revenue •· Cement 2,255.59 2,515.17 2,073.16 4,770.76 4,415.02 9,157.63 b. Jute 160.39 131.25 133.03 291.64 245.50 498.20 c. Others 1.59 0.68 1.46 2.27 2.45 6.10 Total Z.417,57 2,647.10 ;z.207.65 5,1164.67 4,662.97 9,661.93 Less : Inter Segment Revenue 2.1S 0.65 1.12 2.80 2.22 6.32 Revenue from Operations 2,415.42 2,646.45 2,206.53 5,061.17 4,660.75 9,655.61 z. Seament Result (Pront before fln11nc;e C05t Incl Tu) a. Cement 112.08 226.47 196.41 338.55 433.72 1,043.99 b. Jute 11.01 2.88 3.96 13.89 8.68 (7.00) c. Others (1.23) (1.22) (1.51) (2.45) (2.53) (5.52) Total 121.16 22&.lS 1.98.16 349.ff 439.87 1,031.47 Less: (I) Finance Costs 63.12 67.22 66.53 130.34 137.25 264.49 (Ii) Other un•allocable expenditure net 6.76 5.21 1.38 11.97 (5.71) {1.55) off un-allocable Income Profit before Tax 51.98 155.70 130.95 207.68 301.33 768.53 3. Seament Assets a. Cement 11,239.19 11,280.60 11,051.86 11,239.19 11,051.86 11,125.50 b. Jute 1,261.95 1,176.75 1,13L81 1,261.95 1,13L81 1,156.16 c. Others 143.57 143.27 152.08 143.57 152.08 149.91 d. Unallocated Assets 1,678.32 2,002.66 1.784.22 1,678.32 1,784.22 2,078.49 Total 14,323.03 14,603.28 14,119.97 14,323.03 14,119 .97 14~510.06 4. Se1ment Llllbllltes a. Cement 1,960.63 2,089.54 2,069.35 1,960.63 2,069.35 2,052.97 b. Jute 29.40 14.46 21.19 29.40 21.19 29.94 c. Others 0.92 0.67 1.65 0.92 1.65 1.65 d. Unallocated Uabilit ies 4,720.52 4,887.44 4,880.44 4,720.52 4,880.44 5,060.78 Total 6,711.47 6,992.11 6,972.63 6,711.47 6,972.63 7,145.34 The Company has reported seament information as per Indian Account ina Stand~rd 108 •operatlnc Segments" (IND AS 108). The lden t lAcatlon of operatln1 segments Is consistent with performance assessment and resource allocation by the Chief Operatina Decision Maker . As the Holding Compilny hild dedilred closure of milnufacturlng estilbllshment of its Unit Birla Vinoleum at Birlapur w.e.f. 20th February 2025, the same is dassified from segment "Others• to "Unallocable" w.e.f . 1St April 2026. ~ For Blrla Corporation Umlted s F>-t-1\<.ARAWAA& ~1.//4~ -.). NEW cfELHI Cq * 9t FRN 109208W c;, * ~OHA) ~n;REo Accoutrt"~ KQlkltt Chairman 31st October, 2026 DIN: 00394094
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BIRlA CORPORATION LIMITED CIN : L01132W81919PLC003334 UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR TliE HALF YEAR ENDED 30Tli SEPTEMBER 2026 Partlcuiars C..sh Flow from Opcr1t1,. Actlvllla ; Profit after Ellceptlon11I Items & before Tax Adjustments for: Depreciation & Amortisation Investing Activities (Net) Provision for Doubtful Debts (Profit)/Loss on sale/ discard of Property, Plant and Equipment/ CWIP (Net) Amortisation of Deferred Revenue Excess Uabllltles, Undalmed Balances and Provisions written back (Net) Effect of Foreign Exchange Fluctuations Loss on eld:lnguishment of flnancla l llabllitles Finance Costs Operatlna Profit before Worklna Capital chanaes Adjustments tor: (Increase)/ Deaease In Trade Recelvables (Increase)/ Decrease In Inventor ies (Increase)/ Decrease In Loans, Other Financial Assets & Other Assets Increase/ (Decrease) in Trade Pay~bles & Other Liability , Increase/ (Decrease) In Provisions Cash aenerated from operations Direct Taxes (Paid)/ Refund Received (Net) Net Cash from operatl"I Actlvltla Cash Flow from lnvestlnc Activities: Purchase ofTangib le & Intangible Assets Including CWIP/ C.ipital Advances Sale of Tangible Assets (Purchase)/Sale of Liquid Investments (Net) Purchase of other Current Investments Sale of other Current Investments (Increase)/ Decrease In Other Bank Balances Interest received Dividend received Net Cash IIXd In lnvmln& Attlvltles Cash Flow from Flnanclna Activities Proceeds from Long Term Borrowings Repayments of Long Term Borrowings (Repayments)/Proceeds from Short Term Borrow ings (Net) Payment of lease liabilities Interest paid Dividend paid Net Cash u .. d In Flnancln1 Actlvltl•• Net Increase/ (Decrea .. ) In cash and cash Equivalents cash 1nd cash Equivalents (Openlna Balanu) Cash and Cash Equivalents (Closlna f:Salance) Kolkata 31st October 2026 For the Half Year Ended 30th September, 26 (UMudlted) 207,68 280,77 (42,84) 0.03 (0,77) (1,80) (0,02) 0,60 o.~ 130,34 574.33 (132,83) (7,lB) (153,21) (74.04) 0,53 207.60 !76.35! (312.51) 1,51 79.17 (481.75) 1,064,22 (40,47) 35,64 6.91 17.33 (420,78) 56.24 (9,91) (127,31) (96,26) 131.2S 3S2.72 (580.691 (96,72) 129.64 32,92 (it in Crores) For the Half Year Ended 30th September, 25 (Unaudited) 308.33 264.88 (39.63) (0,39) (1,47) (1.981 (6,001 137,25 660.99 (141,73) (14.79) (1S7.13) (4S,77) 1,87 303.44 !90,74! (223,191 0,68 20.S8 (539.57) 663,35 275,11 24,16 2.48 53,00 (510.09) 169,85 (11.24) (136,34) (77.01) 2,12.70 223.60 (511 .83) (75.53) 117.88 42.35 For Blrla Corporation Limited (HARSH V. LODHA) Ch.ilnman OIN : 00394094
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CA( V. SANKAR AIVAR & CO. CHARTERED ACCOUNTANTS IND I A Sarojini House, 6 Bhagwan Das Road, New Delhi-110001 Tel. (011)44744643; e-mail: newdelhi@vsa.co,in INDEPENDENT AUDITOR'S LIMITED REVIEW REPORT ON THE UNAUDITED STANDALONE FINANCIAL RESULTS OF THE BIRLA CORPORATION LIMITED FOR THE QUARTER AND HALF YEAR ENDED 30th SEPTEMBER, 2026 TO THE BOARD OF DIRECTORS Of BIRLA CORPORATION LIMITED 1. We have reviewed the accompanying statement of Unaudited Standalone Financial Results ("the Statement") of Birla Corporation Limited ("the Company") for the quarter and half year ended 30th September 2026, being submitted by the Company pursuant to the requirement of Reg1,1lations 33 and 52 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 in their meeting held on 31st October 2026, 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 and other accounting principles generally accepted in India and in compliance with Regulations 33 and 52 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). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free from material misstatement. 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 the 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 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 Ind AS 34 specified under section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Place: New Delhi Dated: 31st October, 2026 For V. Sankar Aiyar & Co. Chartered Accountants ICAI Firm Regn. 109208W Puneet Kumar Khandelwal Partner (M. No. 429967) UDIN: 26429967SVBQWC9612 OTHER OFFICES: MUMBAI I CHENNAI I NOIDA I HYDERABAD I BENGALURU I COIMBATORE
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••• BfRLA CORPORATION UMIJEP ••• l!Hs.!, Qff!a : ill, R.N. M11kb1dn 1!1111!, ~11lk1a-7!!1! !!Ill ·--~~LA CfN-LQ1U2WB1919PLC!!l!3334 !.!&!.!121Uli! llAtili!ALQti~ El&tit!AL l!U!.ILil EQI! !I:!~ Q!lA!!T~!! Atil2 !:!ALE I~R ,H12rn 3!!TI! UPTEMMR, 2!!~§ '" In Crores !!>tanaa1one Quarter Quarter Quarter Half Year Half Year Year Ended Ended Ended Ended Ended Ended Partkufars 30th Sept, 26 30th June, 26 30th Sept, 25 30th Sept, 26 30th Sept, ZS 31st March, 26 (Unaudited! !Unaudited! !Unaudited I (Unaudited I (Unaudited) (Audited) !fil2!!!l 1 Revenue from operations 1,388.33 1,452.22 1,229.40 2,840.55 2,658.29 5,490.45 2 Other Income 20.01 14.51 18.67 34.52 40.44 84.66 3 Total Income 1,408.34 1,466.73 1,248.07 2,875.07 2,698.73 5,575.11 I!IWlm a) Cost of materials consumed 349.82 384.23 293.94 734.05 615.03 1,278.38 b) Purchases of stock-In-trade 17.U 16.26 10.61 33.38 21.15 47.78 C) Changes In Inventories of finished goods, work-In- (45.66) (15.96) (84.99) (61.62) (78.24) (85.29) progress and stock-In-trade d) Employee benefits expense 101.42 101.74 101.20 203.16 202.94 396.95 e) Finance costs 20.29 22.48 20.33 42.77 41.10 82.77 f) Depredation and amortisation expense 50.60 49.43 47.55 100.03 96.39 193.18 g) Power & fuel 330.91 274.96 284.79 605.87 557.88 1,126.62 h) Transport & forwarding expense.s - On finished products 236.21 276.34 221.27 512.55 500.60 1,032.96 • On Internal material transfer 25.22 20.41 22.47 45.63 38.67 76.55 I) Other expenses 2:13,13 Z81,41 250.72 574.54 502.44 1,011.93 4 Total expans• 1 379.06 1411 .30 1167.89 2 790.36 2497.96 5 161.83 s Profit before exaiptlonal Items and tax 29.28 55.43 80.18 84.71 200.77 413.28 6 Exceptional items (Refer Note 2) . . . . 56.90 7 Profit before tax 29.28 55.43 80.18 84.71 200.77 356.38 8 Tax1xpen11 • Current tax 5.68 13.57 14.08 19.25 35.39 74.50 • Deferred tax 2.17 1.11 12.98 3.28 34.39 40.33 - Income tax relat ing to earlier years . . . . . 17.93 • Deferred tax relating to earlier years . . . . . (26.13) 9 Net Profit for the period 21.43 40.75 53.12 62.18 130.99 249.75 10 Other Comprehensive Income A. (i) Item s that will not be reclassified to Profit or Loss 68.03 150.81 (150.30) 218.84 (3.55) (158.20) (ii) Income tax relating to items that will not be (9.73) (21.56) 22.01 (31.29) 0.76 25.54 reclassified to Profit or Loss B. (I) Items that will be reclasslfied to Profit or Loss (0.29) 0.35 0.17 0.06 0.42 0.42 (ii) Income tax relating to Items that will be 0.66 (0.28) 0.13 0.38 (0.40) (0.50) reclassified to Profit or Loss Other Comprehensive Income for the period (Net of tax) 58.67 129.32 (127.99) 187.99 (Z.77) (132.74) 11 Total Comprehensive Income for the period 80.10 170.07 (74.87) 250. 17 1 28.22 117.01 lZ l'aUl·UP tQUl(Y 5nare capital (Fm V~lue, 10/-each) 77.01 77.01 77.01 77.01 77.01 77.01 13 Other Equity 5,892.86 5,750.16 5,738.95 14 Basic and Diluted Earnlnp Per Share (Face Value of ~ Z.78 5.29 6.90 8.07 17.01 32.43 10/· each) for the period (")
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fmw. 1) Addition•! Disclosure as per Regulation S2(4) or Securities and Exchange Board of India (Ustin5 Obli5ations and DiKlosure Requirements) Regulations, 201S: Sr. Quarter Quarter Quartar Half Year Half Year Year No Particulars Ended Ended Ended Ended Ended Ended 30th Sept, 26 30th June, 26 30th Sept, 25 30th Sept, 26 30th Sept, 25 31st March, 26 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited I (Audited) al Debt EQuitv Ratio (In times) 0.13 0.15 0.12 0.13 0.12 0.16 b) Debt Service Coverage Ratio (In times) o.n 2.08 1.30 1.18 1.65 2.21 cl Interest Service Coverage Ratio (in times) 4.94 5.66 7.28 5.32 8.23 7.64 d) Debenture Redemption Reserve(" in Crores) . 9.00 9.00 . 9.00 9.00 el Net Worth ('It in Crores) 4,954.13 4,970.29 4,814.51 49$4,13 4 814,51 4,800.22 fl Net Profit after Tax(" in Crores) 21.43 40.75 53.12 62.18 130.99 249.75 g) Basic and DIiuted Eilrnings Per Share IF.ice Villue of 2.78 5.29 6.90 8.07 17.01 32.43 " 10/· each) for the period (") h) Current Ratio (In times) 1.28 1.34 1.04 1.28 1.04 1.29 i) Long Term Debt to Workinl! caoital !in times) 1.68 1.29 2.21 1.68 2.21 1.32 i) Bad Debts to Account Receivable Ratio (in times) . . . . . 0.00 kl Current Liability Ratio (in times) 0.42 0.44 0.50 0.42 0.50 0.46 I) Total Debts to Total Assets (In times) 0.07 0.08 0.07 0.07 0.07 0.09 ml Debtors Turnover (In times) 15.13 17.70 15.37 20.86 19.62 24.03 n) lnventorv Turnover On time sl 7.62 7.9S 7,93 8,0Z 8,85 8.51 ol Operatinl! MarRin (In "l 5.87% 7.87" 10.70% 6.90% 11.37% 11.19% p) Net Profit Margin (in %) 1.57% 2.84" 4.39" 2.22% 5.00% 4.62% Sub Notes: I) Debt• Equity Ratio• (Non-Current Borrowings+ Current Maturities of Non-current Borrowings)/ Equity (excluding Revaluation Surplus and Capital Reserve) ii) Debt Service Coverage Ratio• (Earnings before Interest, Tax and Depreciation)/ (Interest Expense+ Principal Payment for Non-Current Borrowings durinR the period) iii) Interest Service Covera11e Ratio= EaminRs before Interest, Tax and Depreciation/ Interest Expense iv) Current Ratio• Current Assets/ Current Liabilities v) Long Term Debt to Working Capital• (Non-Current Borrowings+ Current Maturities of Non-Current Borrowings)/ (Current Asset· Current Liabilities excluding Current Maturities of Non-Current Borrowing s) vi) Bad Debts to Account Receivable Ratio= Bad Debts written off/ Trade Receivables vii) Current Uabllitv Ratio= Current Liabilities/ Total Liabilities viii) Total Debts to Total Assets= (Non-Current Borrowings+ Current Maturities of Non-Current Borrowings)/ Total Assets be) Debtors Turnover= Annualised Sale of Products & Services/ Average Debtors x) Inventory Turnover,. Annualised Sale of Products & Services/ Avera1te lnventorv xi) Operatln1t Mar1tln = (Profit before Depreciation , Interest, Tax and Exceptional Item Less Other Income)/ Sale of Products & Services xii) Net Profit Mar11in • Profit after Tax/ Sale of Products & Services 2) Exceptional Items Includes: (a) The Ministry of Labour & Employment (Molf), Government of India had announced the implementat ion of four Labour Codes viz the Code on Wages, 2019, the Industria l Relations Code, 2020, the Code on Social security, 2020 and the Occupational Safety, Health and working Conditions Code, 2020 effective 21st November, 2025. The Company had assessed the impact of the changes and accrued the incremental Impact towards Gratuity and Compensated absences of ii: 21.22 Crores and disclosed as an Exceptional Item for the previous year ended 31st March , 2026. (bl During the previous year ended 31St March, 2026, the Company had made additional Expected Credit Loss Provision of" 35.68 Crores on Incentive and Subsidy Receivable from the State Government of West Bengal (Refer Note No. 4 below). 3) During the current quarter ended 30th September 2026, the Company fully repaid its outstanding secured non-convertible debentures of 'I! 100.00 Crores on their respective due dates and no secured non-convertible debentures were outstanding as on 30th September. 2026. further, during the current quarter. the Comp;iny issued unsecured listed commercial papers having an a88regate face value of" so.oo Crores, which are repayable on 14th December, 2026.
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4) The Company 15 entitled to receive incentive in the form of Industrial Promotion Assistance (IPA) under the "West Bengal Incentive Scheme, 2000" (WBIS 2000) In relation to the Cement manufacturing Unit "Durga Hi-Tech Cement" (DHTC) and under "West Bengal State Support for Industries, Scheme, 2008" (WBSS 2008) for Unit "Dursapur Cement Worl(s" (DCW), both located at Dursapur. The gross outstanding claim balance Is " 138.58 Crores and" 28.58 Crores respectively. The Hon'ble C..lcutta High Court vide Its order dated 22nd September, 2022 had directed the State Government to pay the amount of IPA of lt 55.66 Crores In respect of OHTC, which was already sanctioned to the Company by "West Bengal Industrial Development Corporation Ltd" (WBIOC) (for the years 2010-11 to 2012-13) within four weeks from the date of the Order and to dispose of the representation made by the Company (for balance amount of incentive relating to the years 2013-14 to part of 2015-16) within six weeks from the date of the Order. Hon'ble Division Bench of Calcutta High Court vide its order dated 9th April, 2024 dismissed the appeal flied by the State Government against the above order and reiterated the directions. Special Leave Petition (SLPI filed by the State Government aaalnst the order of the Division Bench was al$o dl$mlned by the Hon'ble Supreme Court on 23rd September, 2024. In the meanwhile, the West Bengal Legislature enacted the •Revocation of West Bengal Incentive Scheme and Obllgatlons In the Nature of Grant and Scheme Act, 2025•, (Revocation Act) effective from 2nd April, 2025 rescinding. revoking and discontinuing the various Incentive schemes sanctioned by the State Government including WBIS 2000 and WBSS 2008, retrospectively. The Company, on the basis of legal advice, had filed a writ petition before the Hon'ble High Court at Calcutta challenging the legal validity and retrospective applicability of the Revocation Act. As a matter of abundant caution, based on its assessment of the expected time for recovery of the Incentive, a provision of" 69.29 Crores for DHTC claim and " 28.58 Crores for DCW Claim, on account of time value of money based on the expected credit loss method, is being carried as on 30th September, 2026. 5) The Government of India, on 20th September 2019, vlde the Taxation Laws (Amendment) Ordinance 2019, inserted a new Section llSBAA In the Income Tax Act, 1961, which provides all irrevocable option to a corporate for paying Income Tax at concessional rates as per the provisions/conditions defined in the said section. Up to 31 March 2026, the Company continued to compute itS current tax liability under the existing tax regime,.conslderlng the availability of unutilised Minimum Alternate Tax (MAT) credit entitlement. However, In accordance with the applicable accounting requirements, deferred tax assets and deferred tax liabilities were measured using the tax rates expected to apply upon reversal of the underlying temporary differences, I.e., the concessiom1l tilX rites under Section ll!i6AA. During the current half year ended, the Company has exercised the option under section USBAA of the Income-tax Act, 1961, and accordingly, computed its tax liability as per the concessional tax rates as prescribed In the said section. 6) Revenue from Operations for the quarters ended 30th June, 2026 and 30th September, 2026 and the half year ended 30th September, 2026 Includes" 2.00 Crores, " 4.59 Crores and " 6.59 Crores, respectively, towards price revisions relating to Jute bags sold In earlier years, pursuant to Gazette Notifications Issued by the Office of the Jute Commissioner on various dates during the current half year. 7) Tax expenses of" 18.12 Crores had been accounted during the previous year ended 31st March, 2026 on account of demand notices received for earlier years from the Income Tax Department. Further, pursuant to completion of earlier years Income tax assessments, the Company had (I) accrued Minimum Alternate Tax Credit Entitlement of " 26.13 Crores, and (ii) reversed accumulated provision for ta~ amounting to " 0 .19 Crore, dur1n5 the previous year ended 31st March, 2026. 8) Figures for previous periods have been regrouped/ rearranged, wherever necessary. 9) The above results were reviewed by the Audit Committee on 31st October, 2026 and approved by the Board of Directors of the Company at its meeting held on 31st October, 2026. The above results have been reviewed by the Stiitutory Auditors of the Company. Kolkata A "'""~VJ",( ft> """' 'I'~ f'#~f ~ PVAl€ET ICtln/Jfl. ~I./AN .0 /;"l V/fl 31st October, 2026 • AltJ· 4 2':J.j~7 For Blrl• Corporation Limited ,/(.V.k~ ~ Chairman DIN: 00394094
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8I111A CORPORATION LIMITED CIN No, L011JZWIU19PLC003334 UNAUDITED STANDAI.ONE STATEMENT OF ASSETS ANO LIABILITIES AS AT 30TH SEPTEMBER, 2026 1, In Crores Standalone u at Particulars 30th Sept,U 31st March, 26 (Unaudited) (Audited) A ASSETS 1 NON-CURRENT ASSETS (a) Property, Pl;nt and Equipment 3,458.45 3,491.66 (bl capital Wotk-ln-Progress 170.91 222.38 (c) Investment Property 1.08 1.08 (di lntan&ible Allets 120.94 20.70 (el Intangible Assets under Development 0.06 0.06 (f) Blologlcal Assets other than Bearer Plants 0.50 0.50 (g) Anandal Assets (I) Investments In Subsidiaries 2,280.54 2,280.54 (Ii) Investments 804.58 586.14 (IW) loans 125.13 125.37 (Iv) Other Financial Assets 137.76 134.99 (h) Non-Current Tax Asset (Net) 51.58 54.78 (I) 0th..- Non-Current Ass~ts 82.12 SB.Bl Sub-Total • Non Current Assets 7,233.65 6,977.01 2 CURRENT ASSETS (a) Inventories 693.86 702.93 (bl Anandal Assets (I) Investments 186.93 442.73 (ii) Trade Receivables 305.43 231.38 (iii) Cash and Cash Equivalents 15.19 73.56 (iv) Bank Balances other than Cash and Cash Equivalents 2.06 3.62 (v) Loans 2.43 1.68 (vi) Other Ananclal Assets 13.44 37,03 (c) Other Current Assets 248.05 168.56 (d) Non-Current Assets dassified as Held fot Sale 0.68 0.68 Sub-Toti! • Current Assets 1,46&.07 1,662.17 Total Assets 8701.7Z I 639.18 B EQUITY ANO LIABILITIES 1 EQUITY (a) Equity Share Capital 77.01 77.01 (b) Other Equity 5 892.86 5 738.95 Sub•Toial • Equity ~,969,17 5,815.96 LIABILITIES 2 NON-CURRENT LIABILITIES (a) Financial Uabilltles (i) Borrowlnp 580.03 565.09 (II) Lease Uabilltles 55,98 59.18 (111) Other Financial Liabilities 399.41 397.96 (bl Provisions 22.76 29.21 (cl Deferred T .. Uabilitles (Net} 388.98 354.80 (d) Other Non-Current Uabllltles 138.87 130.75 Sub-Total - ·Non Cu,,..nt UablUt'-s 1,586 ,03 1,536 .H 3 CURRENT UABIUTIES (a) Financial Uabllities (i) Borrowlnp 175.13 274.25 (Ii) Lease Liabilities 6.90 6.40 (Ill) Trade Payables: • Total outstandinc dues of 21.02 23.08 micro enterprises and small enterprises • Total outstandinc dues of creditors other 494.69 489.92 than micro enterprises and small enterprises (Iv) Other Financial Liabilities 295.04 325,85 (bl Other Current Liabilities 124.53 143.99 (c) Provislons 28.51 21.08 (d) Current Tax Liabilities (Net) - 1.66 Sub-Total - Current UabUltles 1,145,82 1,286 .23 Total Eouitv and Llabllltles 8,701.72 8 639.18 For Blrla Corporation Limited 0_ cl( ."i/. /4 d,J..>.-5/'I.Nl<AR iJIYAR & *~QNEW 01:LH~Co ~) 9i4.9FR N 109206W .* Kollcata ~FIEO ACCOJ@"""' Chairman 31st October, 2026 DIN: 00394094
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DI~ WRPORATION UMlnD ON No. L01132Wll1919 PLC003334 UNAUDITED STANDALONE SEGMENT WISE REVENUE, R£SULTS AND CAPITAL £MPLOYfD ("lnCtores) Standalone Quarter Ended Quarter Ended Qu1rterEncled H1lf Y11r Ended tt.lfYu r Ended Yu r Ended 30th S.pt, 26 30th June, Z6 30th Sept, 25 30th Sept, 26 30th Sept, 25 31st March, 26 (Un1ud1tedl (UNludltedl (Un1udlted) (Un1udltedl (Un1udltedl (Audited) L ses,ment Revenue a. Cement 1,228.33 1,320.94 1,096.03 2,549.27 2,412.54 4,992.39 b. Jute 160.39 131.25 133.03 291.64 245.50 498.20 c. Clthers 1.59 0.68 1.46 2.27 2.45 6.10 Totll 1,390.31 1.452.87 1,230.52 2,843.18 2,660.49 5,496.69 Less : Inter Segment Revenue 1.98 0.65 1.12 2.63 2.20 6.24 Revenue from Operations 1,381.33 1,452.22 1,229.40 2,840.55 2,658.29 5,490.45 Z, Sc5ment llaMlt [Proflt before Finance Cost ind Tu) a. Cement 52.29 89.78 107.61 142.07 248.41 482.40 b. Jute 11.00 2.86 3.94 13.86 8.65 (7.06) c. Others (1.21) (1.20) (1.49) (2.411 (2.49) (5.44) Totll 62.01 91.44 110.06 153.52 254.57 469.90 Len : (I) Finance Costs 20.29 22.48 20.33 42.77 41.10 s2.n (H) Other un•allocable expendlwre net 12.S1 13.53 off un-allocable Income 9.55 26.04 12.70 30.75 Profit before Tu 29,28 55.43 80.18 84,71 200.77 356.38 3, s.cment Assets a. Cement 3,695.77 3,786.91 3,669.04 3,695.77 3,669.04 3,662.71 b. Jute 1,260.51 1,175.23 1,130.37 1,260.51 1,130.37 1,154.73 c. Clthers 142.00 141.70 150.53 142.00 150.53 148.34 d. unallcxated Assets 3,603.44 3.m.13 3,633.30 3,603.44 3,633.30 3,673.40 Totll 8,701.72 1,826.97 8,583.24 1,701.72 8,583.24 8,639.18 4. Secment Uabllltes a. Cement 1,058.97 1,136.01 1,105.29 1,058.97 1,105.29 1,075.42 b. Jute 29.40 14.46 21.19 29.40 21.19 29.94 c. Others 0.91 0.66 1.64 0.91 1.64 1.64 d. Unallocated Uabllltles 1,642.57 1,689.82 1,627.95 1,642.57 1,627.95 1,716.22 Total 2,731.8S 2,8-40.9S 2,756 .07 2,731.85 2,756 .07 Z,823.ZZ The Company has reported sepnent lnform1tlon as per Indian ActountJ111 Standard 101 "Operatlna Sepnents• (IND AS 101). The Identification of opuat lna sepnents Is consistent with perfonnance UHSSment and resource 1ltoc.t lon by the Chief Operatln1 Decision Maker. As th• Comp1ny had ded1red closure of manufacturfnl embllshment of Its Unit Blrla Vlnoleum 1t Blrlapur w.e.f. 20th Febru1ry 2025, the same Is classified from seament "Others" to " Unallocable" w.e.f. 1st April 2026. For Blr11 Corporation Umited 0.-. /(. V. /4cP,-. ~ 'f.,ARA'/ 'A.R & NEW D'ELHI Cq ~HAI RN 109~18W * Kolkata R,~OA,:CQ~S Chalrrn,n 31st October 2026 DIN: 00394094
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BIRLA CORPORATION LIMITED CIN : L01132W81919PLC003334 UNAUDITED STANDALONE STATEMENT OF CASH FLOWS FOR THE HALF YEAR ENDED 30TH SEPTEMBER, 2026 Partlcula'l Cash Flow from Operating Activities: Profit after Exg:ptlonal Items & before Tu Adjustments for : Depreciation & Amortisation Investing Activities (Net) Provision for Doubtful Debts (Profit)/ Loss on sale/ discard of Property, Plant and Equipment (Net) Amortisation of Defe rred Revenue Excess Uabllltles, Undalmed Balances and Provisions Written Back (Net) Effect of Foreign Exchange Fluctuations Finance Costs Operatln1 Profit before Workln1 Capital chan1es Adjustments for: (Increase)/ Deaease In Trade Receivables (Increase)/ Deaease in Inventories • , {Increase)/ Deaease in Loans, Other Financial Assets & Other Assets Increase/ (Deaease) in Trade Payables & Other Liablllty Increase/ (Decrease) In Provisions Cash 1enerated from ·operations Direct Taxes (Paid)/ Refund Received (Net) Net Cash from Operatln1 Activities Cash Flow from lnvestln1 Activities: Purchase of Tangible & Intangible Assets Including CWIP/ capital Advances Sale of Tangible Assets (Purchase)/ Sale of Uquld Investments (Net) Purchase of Other Current Investments Sale of Other Current Investments (Increase)/ Decrease In Other Bank Balances Interest Received Dividend Received Net cash used In lnvestlna Activities, Cash Flow from Financing Activities: Proceeds from Long Term Borrowings Repayments of Long Term Borrowings (Repayments)/Proceeds from Short Term Borrowings (Net) Payment of Lease Liabilities Interest Paid Dividend Paid Net Cash used In Flnanclna Activities Net Increase / (D.ecruse) In cash and cash Equlvalents Cash and Cash Equivalents (Openln1 Balance) Cash and Cash Equlvalents (Cosine Balanc.) Kolkata 31st October 2026 For the Half Year Ended 30th 5eptambtr, 2026 (Unaudited) 84.71 100.03 (23.48) 0.03 (0.77) (1.80) (0.02) (1.16) 42.77 200.31 (74.08) 9,07 (76.03) (22.3S) 0.96 n.1111 (17.71) 20,17 (149.12) 1.51 1.16 256.57 10.45 15.46 6.91 142.94 17.33 (149.27) 56.20 (5.64) (43.84) 196.26) !221.48) (58.37) 73,56 15.19 (1' In Crores) For the Half YHr Ended 30th September; 2025 (Unaudited) 200.77 96.39 (23.24) - (0,39) (1.47) (1,08) (2.87) 41.10 309.21 (97.76) (51.88) (52.84) (55.90) j0.40j 50,43 (42.68) 7.75 (111,17) 0.65 36.32 (216.01) 255.09 105,22 9.69 2.4B 82.27 33.00 (16336) 99.85 (6.39) (44.61) 1n.01) !158.52) (68.50) 86.77 18.27 For Blrla Corporatio n Limited UVk~ ~ (HARSH V. LODHA) Chairman DIN: 00394094