Interim report
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GROWING TOGETHER 4th November, 2026 BIL/SE/2026-27 BSE Ltd Phiroze Jeejeebhoy Towers Dalai Street Mumbai— 400 001 Equity Scrip Code: 502355 Scrip Code 977667 (Debt) (INE787D08047) Scrip Code 977669 (Debt) (INE787D08054) Scrip Code 978123 (Debt) (INE787D08070) Scrip Code 732679(Debt) (INE787D14235) National Stock Exchange of India Ltd 5th Floor, Exchange Plaza Bandra Kuria Complex Bandra (E), Mumbai 400 051 Trading Symbol: BALKRISIND 977668 (Debt) (1NE787D08039) 978121 (Debt) (1NE787D08062) 978122 (Debt) (INE787D08088) Dear Sir/Madam, Sub: Outcome of Board Meeting held on Wednesday, the 4 5h November, 2026 This is to inform you that in the meeting of the Board of Directors held on Wednesday, the 4 th November, 2026, the Board inter alia took following decisions: The Board has approved the Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter and half year ended 30 th September, 2026. Copy of the said Results pursuant to Regulations 33 and 52 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 is enclosed as Annexure A. Limited Review Report on Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended 30th September, 2026, issued by Statutory Auditors M/s. Jayantilal Thakkar & Co., Chartered Accountants (Firm Registration No. 104133W) and Joint Statutory Auditors M/s. Deloitte Haskins & Sells Chartered Accountants LLP Firm Regn. No. 117364W/VV100739 pursuant to Regulation 33 and 52 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 is enclosed as Annexure B. The Board has declared 2" interim dividend of Rs. 4/- per Equity Share (200%) on the Equity Shares of Rs. 2/- each (face value) for the financial year 2026-27. And the payment thereof shall be credited/dispatched within 30 days from the date of declaration as per applicable provisions of Companies Act, 2013, to such shareholders as on Record Date i.e. 11 th November, 2026. The meeting commenced at 4:27 p.m. and concluded at 5:23 p.m. Kindly acknowledge the receipt. Yours faithfully, For Balkrishna Industries Limited Vipul Shah Director & Company Secretary And Compliance Officer DIN: 05199526 End: as above Balkrishna Industries Ltd. CIN No.: L99999MH1961PLC012185 Corporate Office: BKT House, C /15, Trade World, Kamala Mills Compound, Senapati Banat Marg, Lower Pare!, Mumbai -400013, India. Tel: +91 22 6666 3800 Fax: +91 22 6666 3898/99 www.bkt-tires.com Registered Office: B-66, Waluj MIDC, Waluj Industrial Area, Chhatrapati Sambhaji Nagar- 431 136, Maharashtra, India
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Be!WI/he° Indust/le, limited UN-AUDITED FINANCIAL RESULTS FOR QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2026 0211 Registered Office:Regd. Office 93-66.Waluj, MIDC, Waluj Industrial Area, Chhatrapati Sambhajinagar, Maharashtra 431 136,India. Tel: +9122 66663800 Fax: +91 22 66663898 (ON No: L99999MH1961P1C012185) Email Id : shareseobkt-tires.com Website address : wwvf.bkt-tires.com GROWING TOGETHER STAND ALONE CONSOLIDATED Particulars 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 30-09-2026 30-06-2026 30-09-2025 30-09-2026 30-09-2025 31-03-2026 Un-audited Un-audited Un-audited Un-audited Un-audited Audited Un-audited Un-audited Un-audited Un-audited Un-audited Audited (Rs. in Crores) (Rs. in Crores) Income I. Revenue from Operations II. Other Income 3490.53 43.42 3444.70 9831 2388.65 70.92 693523 141.73 5149.11 175.12 10819.95 248.26 3471.74 43.52 3455.27 99.67 2393.45 7120 6927.01 143.19 5153.47 178.34 10823.08 251.83 III. Total Income (1+11) 3533.95 3543.01 2459.57 7076.96 5324.23 1106821 3515.26 3554.94 2464.65 707020 5331.81 11074.91 Expenses Cost of materials consumed Purchases of stock-in-trade Changes in inventories of finished goods, work-in-progress and stock-in-trade 1d) Employee benefits expense Finance costs Depredation and amortisation expense Other expenses 1968.45 86.09 (72.41) 154.94 66.78 216.36 726.1.3 1860.93 74.37 (200.39) 153.21 36.18 203.32 833.44 1108.23 36.99 12.36 126.18 31.93 190.13 606.58 3829.38 160.46 (272.80) 308.15 102.96 419.68 1559.57 2358.95 7174 64.99 256.50 62.02 376.33 1395.26 5140.85 159.85 (5149) 521.60 130.72 763.95 2785.91 1968.45 93.43 (104.61) 176.06 67,48 220.20 704.89 1860.93 80.10 (214.28) 172.74 36.77 206.25 811.38 110822 37.92 6.06 143.50 3234 192.59 586.52 382938 173.53 (318.89) 348.60 104.25 426.45 1516.27 2358.97 73.48 56.05 29192 63.33 380.76 1355.62 5140.88 165.86 (79.59) 596.19 133.62 774.96 2699.31 IV. Total expenses 3146.34 2961.06 2112.40 6107.40 4585.79 9451..39 3125.90 2953.89 2107.35 6079.79 4580 13 9431_23 V. Profit before exceptional items(111-IV) 387.61 581.95 347.17 969.56 738.44 1616.82 38936 601.05 357.30 990.41 751.68 1643.68 VI. Exceptional Items VII. Profit before tax (V+1/I) 387.61 581.95 347.17 969.56 738.44 1616.82 389.36 60105 357.30 990.41 751.68 1643.68 VIII. Tax expense -Current Tax -Income tax of earlier years -Deferred Tax 86.01 - 10.47 130.64 - 19.21 77.25 _ 531 216.65 - 29.68 166.17 9.45 11.04 373.06 9.45 12.46 86.25 - 10.49 130.95 19.33 78.27 5.84 217.20 - 29.82 168.72 945 12.02 378.56 945 12.57 IX. Profit for the period (VII-V111) 291.13 432.10 264.61 723.23 551.78 1221.85 292.62 45037 273.19 743.39 561.49 1243.10 X. Other comprehensive income /(loss) A (i) Items that will not be reclassified to profit or loss (ii) Income tax relating to items that will not be reclassified to profit or loss B (i) Items that will be reclassified to profit or loss (ii) Income tax relating to items that will be reclassified to profit or loss (102.06) 14.56 48.40 (12.18) 77.60 (11.43) 154.70 (38.94) (50.88) 11.17 (122.09) 30.73 (24.46) 3.13 203.10 (51.12) 119.78 (26.16) (576.73) 145.15 92.95 7.24 (575.04) 144.73 (102.06) 14.56 42.03 (12.18) 77.60 (11.43) 150.55 (38.94) (50.88) 11.17 (130.90) 30.73 (24.46) 3.13 192.58 (51.12) 119.78 (26.16) (593.56) 145.15 92.95 7.24 (611.02) 144.73 Other comprehensive income/(loss) (net of tax) (51.28) 181.93 (131.07) 130.65 (337.96) (330.12) (57.65) 17738 (139.88) 120.13 (354.79) (366.10) XL Total comprehensive income after tax (IX+X) 239.85 614.03 133.54 853.88 213.82 891.73 234.97 628.55 133.31 863.52 206.70 877.00 Attributable to: - Owners of the Company -Non Controlling Interest - - 234.97 628.55 133.31 863.52 206.70 877.00 Paid up equity share capital (Face value of Rs. 2 each) Other Equity (excluding Revaluation Reserve) /HAicic Earning Per Share (EPS) (Rs.) for respective periods v (2 Basic & Diluted ,410.ildifIERED 38.66 :. 15.06 38.66 22.35 38.66 13.68 38.66 37.41 38.66 28.54 38.66 10927.59 63.20 38.66 15.13 38.66 23.32 38.66 14.13 3866 3845 38.66 29.04 38.66 10916.63 64.30 7 ---/N,ACCOU NTOTS ""ttns. /1.
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Statement of Assets and Liabilities _ PARTICULARS STAND ALONE CONSOLIDATED As at Mat Mat As at 30-09-2026 31-03-2026 30-09-2026 31-03-2026 Un-audited Audited Un-audited Audited (Rs. in Crores) (Rs. in Crores) A ASSETS 1. NON-CURRENT ASSETS Property, plant and equipment 7695.44 7297.49 7728.88 7326.54 Capital work-in-progress 3740.51 2472.46 3740.51 2472.46 Investment property 82.98 55.61 82.98 55.61 Intangible assets 4.77 3.43 12.53 7.32 e) Right of use assets f) Financial assets Investments 17.29 1751.50 17.07 1797.11 19.76 1750.86 19.92 1796.48 Other financial assets 44.24 38.31 44.38 38.46 g) Income tax assets (net) - 2421 - 2023. h) Other non-current assets 837.49 874.85 837.49 874.85 SUB-TOTAL-NON-CURRENT ASSETS 14174.22 12581.04 14217.39 12611.87 2. CURRENT ASSETS Inventories Financial assets i) Investments 2422.78 1291.72 1714.30 1327.48 2563.05 1291.72 1808.47 1327.48 ii) Trade receivables 2134.75 1621.59 1897.95 1446.57 Cash and cash equivalents 52.70 26.68 102.96 60.92 Bank balances other than (iii) above 2.82 3.59 2.82 3.59 Loans 9.15 10.25 9.15 10.30 Other financial assets 33.55 13.00 33.55 13.00 c) Other current assets 457.45 414.63 550.37 484.14 SUB-TOTAL-CURRENT ASSETS 6404.92 5131.52 6451.57 5154.47 TOTAL - ASSETS 20579.14 17712.56 20668.96 17766.34 B. EQUITY AND LIABILMES 1,g,COUnta EQUITY Equity share capital 38.66 38.66 38.66 38.66 -..`9. < ,... -o Other equity 11626.82 10927.59 11625.51 10916.63 SUB-TOTAL-EQUITY 11665.48 10966.25 11664.17 10955.29 1.) LIABILITIES 1. NON-CURRENT LIABILITIES a) Financial liabilities SUOIS2Y\ I) Borrowings 1615.78 888.00 1615.78 888.00 Lease liabilities 1.31 1.11 3.89 4.07 Other financial liabilities 175.76 279.82 175.76 279.82 b) Provisions 47.40 50.82 49.41 52.95 0 Deferred tax liabilities (net) d) Other Non-Current Liabilities 395.11 323.36 317.44 180.37 394.66 323.36 316.84 18037 °;HARTTI-14ERED :..."‘4.*** 45c, SUB-TOTAL-NON-CURRENT LIABILITIES 2558.72 1717.56 2562.86 1722.05 .."41ACCOUNTANTS p 2. CURRENT LIABILITIES a) Financial Liabilities i) Borrowings 4369.60 3160.77 4430.82 3217.56 * FRN 104133W * '3 lik\\* .1 Lease liabilities Trade payables - Mirco and Small Enterprise 1.34 64.36 1.19 51.57 1.34 64.36 1.19 51.57 - Other than Micro and Small Enterprise 948.39 866.67 962.61 860.69 Other financial liabilities 559.79 584.01 564.94 589.11 b) Other current liabilities 360.80 358.53 366.29 362.87 4.. C) Provisions 7.14 6.01 7.14 6.01 d) Current tax liabilities(Net) 43.52 - 44.43 - SUB-TOTAL CURRENT LIABILITIES 6354.94 5028.75 6441.93 5089.00 TOTAL -EQUITY AND LIABILITIES 20579.14 1771236_ 20668.96 1776634
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BALKRISHNA INDUSTRIES LIMITED CASH FLOW STATEMENT FOR THE HALF YEAR ENDED 30TH SEPTEMBER, 2026 (Rs. in Crores) PARTICULARS STANDALONE CONSOLIDATED 30-09-2026 30-09-2025 30-09-2026 30-09-2025 Un-audited Un-audited Un-audited Un-audited CASH FLOW FROM OPERATING ACTIVITIES: Profit before Tax 969.56 738.44 990.41 751.68 Adjustment for ; Depreciation and Amortisation 419.68 376.33 426.45 380.76 Decommissioning expenses 0.30 (0.29) 0.30 (0.29) Net mark to market (Gain)/Loss on investments (46.46) (92.97) (46.46) (92.97) Income from Investments (45.04) (51.67) (45.04) (51.67) Finance Cost 102.96 62.02 104.25 63.33 Interest Income (including on Investments) (7.14) (25.48) (7.14) (25.48) (Profit) /Loss on Sale of Property, Plant and Equipment (0.28) (0.39) (0.28) (0.39) Property, Plant and Equipment Discarded * 0.00 0.00 0.00 0.00 Unrealised Foreign Exchange differences (Gain)/Loss (64.56) 154.88 (64.56) 138.05 Export Incentive on account of EPCG (Benefit)/Utilised 42.56 0.27 42.56 0.27 402.02 422.70 410.08 411.61 Operating profit before working capital changes 1,371.58 1,161.14 1,400.49 1,163.29 Adjustment for: Trade and other receivables (599.23) 173.40 (571.32) 420.64 Other Financial Assets 0.76 1.85 0.76 1.85 Inventories (708.47) 46.42 (754.55) 37.48 Trade and other payables 82.70 26.46 103.98 (201.22) (1,224.24) 248.13 (1,221.13) 258.75 Cash generated from operations 147.34 1,409.27 179.35 1,422.04 Direct taxes paid (148.42) (155.29) (152.54) (159.19) Net cash (used in)/ from Operating Activities (1.08) 1,253.98 26.82 1,262.85 CASH FLOW FROM INVESTING ACTIVITIES: Purchase of Property, Plant and equipment (1,951.81) (1,675.06) (1,966.83) (1,683.69) Sale of Property, Plant and equipment 1.40 4.89 1.40 4.89 Purchase of Investments (1,514.78) (1,137.79) (1,514.77) (1,137.68) Sale of Investments 1,625.08 1,529.91 1,625.08 1,529.91 Interest received 6.29 28.96 6.29 28.96 Income/Dividend Received on Investments 30.03 (38.64) 30.03 (38.64) Net cash used in Investing Activities (1,803.79) (1,287.73) (1,818.80) (1,296.25) CASH FLOW FROM FINANCING ACTIVITIES: Proceeds/(Repayment) of Short Term Borrowings (Net) (30.84) 68.85 (26.42) 79.06 Proceeds from Long Term Borrowings 4,556.03 725.73 4,556.03 726.69 Repayment of Long Term Borrowings (2,476.26) (570.67) (2,476.26) (570.67) Dividend paid (154.75) (154.54) (154.75) (154.54) Lease Liability paid (1.00) (0.32) (1.00) (0.32) Finance Cost paid (62.17) (50.21) (63.46) (51.55) Net Cash from Financing Activities 1,831.01 18.84 1,834.14 28.67 Net Increase/(Decrease) in cash and cash equivalents 26.14 (14.91) 42.16 (4.73) Exchange difference on cash and cash equivalents (0.12) 0.03 (0.12) 0.03 Cash and cash equivalent as at the beginning of the period 26.68 56.55 60.92 80.24 Cash and cash equivalent as at the end of the period 52.70 41.67 102.96 75.54 *Amount is less then Rs.50,000/-
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Additional information pursuant to Regulation 52(9) of Secudties and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations,2015, as amended. Sr Particulars Standalone Consolidated Quarter Ended Half Year Ended Year Ended Quarter Ended Half Year Ended Year Ended No. 30-09-2026 30-06-2026 30-09-2025 30-09-2026 30-09-2025 31-03-2026 30-09-2026 30-06-2026 30-09-2025 30-09-2026 30-09-2025 31-03-2026 1 Capital Redemption Reserve/Debenture Redemption N.A. NA. NA. N.A. NA. NA. N.A. NA. NA. NA. N.A. N.A. Reserve 2 Net Worth (In Crores)(induding Retained Earnings) 11,665.48 11,580.28 10,442.99 11,665.48 10,442.99 10,966.25 11,664.17 11,583.84 10,439.64 11,664.17 10,439.64 10,955.29 3 Debt-Equity Ratio (In times) 0.51 0.40 0.35 0.51 0.35 0.37 0.52 0.41 0.35 0.52 0.35 0.37 Non Current Borrowing + Current Borrowing (Total Equity 3.07 4.72 57.30 3.08 4.87 58.94 3.95 4.76 4.31 4 Debt Service Coverage Ratio (In times) Profit before Tax + Interest on Tenn Loan & Debentures / 3.87 4.67 4.24 Interest on Term Loan & Debentures + Principal Repayments made during the period for long term Loan 5 Interest Service Coverage Ratio (In times) 16.37 31.21 57.30 22.80 73.34 69.62 16.44 32.20 58.94 23.27 74.64 70.76 Profit before Tax + Interest on Term Loan & Debentures / Interest on Term Loan & Debentures 6 Current Ratio (In times) 1.01 0.98 1.03 1.01 1.03 1.02 1.00 0.97 1.02 1.00 1.02 1.01 Current Assets / Current Liabilities 7 Long Term Debt to Working Capital Ratio (In limes) 22.69 6.21 1.38 22.69 1.38 2.46 18.26 7.22 1.40 18.26 1.40 2.47 Non - Current Borrowings (Including Current Maturities of Non- Current Borrowings)/ Current Assets less Current Liabilities (Excluding Current Maturities of Non-Current Borrowings) 8 Bad Debts to Account Receivable Ratio (In times) Bad debts / Trade Receivables 9 Current Liability Ratio (In times) 0.71 0.77 0.80 0.71 0.80 0.75 0.72 0.77 0.80 0.72 0.80 0.75 Current Liabilities/Total Liabilities 10 Total Debts to Total Assets (In times) 0.29 0.24 0.22 0.29 0.22 0.23 0.29 0.25 0.22 0.29 0.22 0.23 Total Borrowings (Non Current Borrowings + Current Borrowings) / Total Assets 11 Debtors Turnover (In times)" 7.10 8.06 6.33 7.39 6.77 6.69 7.89 9.00 6.81 8.28 7.34 736 Average Trade Receivable / Revenue from Operation 12 Inventory Tumover (In times)A 10.33 10.72 10.35 10.90 10.50 10.04 9.08 9.54 9.27 9.55 9.47 9.00 Cost of goods sold (RMC+Purchase of stock in trade +Change in stock+Manufactiring exp.)/ Average Inventories of Finished Goods. Stock in Process and Stock in Trade 13 Operating Margin (%) 11.77 15.09 12.90 13.42 12.14 13.86 11.91 15.57 13.31 13.74 12.35 14.09 Earnings before Interest & Tax Less Other income / Revenue from Operations 14 Net Profit Margin (%) 8.24 12.20 10.76 10.22 10.36 11.04 8.32 12.68 11.08 10.51 10.53 11.22 Profrt After Tax / Total Income ^ Ratio for the Quarter ended & Half Year ended have been a nualized During the quarter ended 30th September, 2026, the Comp ny issued listed 55,000 unsecured non-convertible debentures (NCDs) of face value of Rs 1 Lakh each amounting to Rs 550 Crores on private placement basis. The commercial paper of the Company, having face value of Rs. 200 Crores are outstanding and not due for repayment as at 30th September, 2026. The credit rating assigned for the commercial paper by CRISIL is A14-. HAK/r4 cRika:77; ).* ACCOUNIANIS FRIA : 10133W
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NOTES: 1.The above results as reviewed by the Audit Committee have been approved by the Board of Directors at its meeting held on 4th November, 2026. The Statutory Auditors of the Company have carried out the " Limited Review" of the above results. The Company has only one reportable business segment as per Ind AS-108, i.e Tires. Capital Expenditures previously announced by the Company are expected to be completed as per schedule within the approved budget. The Financial results for the quarter ended 30th June, 2026, quarter and half year ended 30th September, 2025 and year ended 31st March, 2026 as reported in above results have been subjected to limited review/audit by one of the joint auditors and the reports of such joint auditor on these comparative financial results dated 29th July, 2026, 31st October, 2025 and 8th May, 2026, respectively, expressed an unmodified conclusion/opinion. S. The Board of Directors have declared an interim dividend of fts.4/- (200%) per equity share of Rs.2/- each. The cash outflow on account of interim dividend will be Rs.77.32 crores. 6. Previous period's/year's figures have been regrouped/reclassified wherever necessary. Dated : 4th November, 2026 Place : Murnbai ,,,,:tr - : ,; '.".`""•., C.r Ba na Industries Limited ... Arvind Poddar . (Chairman & Managing Director) .. ...), DIN: 00089984
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Deloitte Haskins & Sells Chartered Accountants LLP Chartered Accountants One International Center Tower 3, 31 5t Floor Senapati Bapat Marg Elphinstone Road (West) Mumbai — 400013 Maharashtra, India Jayantilal Thakkar & Co. Chartered Accountants 111 (A), Mahatma Gandhi Road, Fort, Mumbai -400023, Maharashtra, India Independent Auditor's Review Report on the unaudited standalone financial results for the quarter and half year ended on 30th September, 2026 of Balkrishna Industries Limited ("the Company") pursuant to Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To The Board of Directors Balkrishna Industries Limited We have reviewed the accompanying statement of unaudited standalone financial results of Balkrishna Industries Limited ("the Company") for the quarter and half year ended 30th September 2026 ("the Statement"), being submitted by the 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"). This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34") prescribed under Section 133 of the Companies Act, 2013 as amended, read with the relevant rules issued thereunder 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. We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (ICA!). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of 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 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.
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Deloitte Haskins & Sells Chartered Accountants LLP Jayantilal Thakkar & Co. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement of unaudited financial results, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (`Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulations 33 and 52 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. As stated in Note 4 of the Statement, the financial results for the quarter ended 30th June, 2026, quarter and half year ended 30th September, 2025 and year ended 31st March, 2026 as reported in the Statement have been subjected to limited review / audit by one of the joint auditors and the reports of such joint auditor on these comparative financial results dated 29th July, 2026, 31st October, 2025 and 8th May, 2026, respectively, expressed an unmodified conclusion / opinion. Our conclusion on the Statement is not modified in respect of above matter. For Deloitte Haskins & Sells Chartered Accountants LIP Chartered Accountants (Firm Regn. No. 117364W/W100739) s Varsha A. Fadte Partner Membership No.103999 UDIN: 26103999IUBBRZ3996 For Jayantilal Thakkar & Co. Chartered Accountants (Firm Regn. No. 104133W) A .yr-,9,416,7f- e" Viral A. Merchant Partner Membership No.116279 UDIN: 26116279BUVSUD2035 Mumbai, 4th November 2026 Mumbai, 4th November 2026
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GOUntar,,, Deloitte Haskins & Sells Chartered Accountants LLP Chartered Accountants One International Center Tower 3, 31 5t Floor Senapati Bapat Marg Elphinstone Road (West) Mumbai — 400013 Maharashtra, India Jayantilal Thakkar & Co. Chartered Accountants 111 (A), Mahatma Gandhi Road, Fort, Mumbai —400 023, Maharashtra, India Independent Auditor's Review Report on unaudited consolidated financial results for the quarter and half year ended on 30th September 2026 of Balkrishna Industries Limited ("the Company") pursuant to Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To The Board of Directors Balkrishna Industries Limited We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Balkrishna Industries Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), for the quarter and half year ended 30th September, 2026 ("the Statement"), being submitted by the Parent pursuant to the requirement of Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure 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 Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, as amended, read with the relevant rules issued thereunder 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. 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 (ICAO. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of Parent's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. The Statement includes the results of the following entities: Sr. No Name of the Entities A. Parent 1. Balkrishna Industries Limited We also performed procedures in accordance with the circular No. CIR/CFD/CMD1/44/2019 dated 29th March 2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. THAirti CHARTERED c- ) -4 ACCOUNTANTS P * FRN 104133W * tuy
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s'totsgHa- Deloitte Haskins & Sells Chartered Accountants LLP Jayantilal Thakkar & Co. B. Subsidiaries 1. BKT Europe S.R.L. 2, BKT USA Inc. BKT Tires Inc. BKT Tires (Canada) Inc. BKT Netherlands B.V. 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 auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement of unaudited financial results, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulations 33 and 52 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement The accompanying Statement includes interim financial results / other financial information of 5 subsidiaries which reflects total assets of Rs. 566.90 crores as at 30th September, total revenues of Rs. 265.96 crore and Rs. 516.59 crore for the quarter and half year ended 30th September 2026 respectively, total net profit after tax of Rs. 0.88 crore and Rs. 1.80 crore for the quarter and half year ended 30th September 2026 respectively, total comprehensive loss of Rs. 5.49 crore and Rs. 8.72 crore for the quarter and half year ended 30th September 2026 respectively and net cash inflows of Rs. 16.02 crore for the half year ended 30th September 2026, which have been audited / reviewed / compiled by the other auditors. The report on the interim financial results /other financial information of these entities have been furnished to us by the Management and our conclusion, in so far as it relates to the affairs of such subsidiaries is based solely on the reports of other auditors. Our conclusion is not modified in respect of this matter. As stated in Note 4 of the Statement, the financial results quarter ended 30th June 2026, quarter and half year ended 30th September 2025 and year ended 31st March 2026 as reported in the Statement have been subjected to limited review / audit by one of the joint auditors and the reports of such joint auditor on these comparative financial results dated 29th July 2026, 31st October 2025 and 8th May 2026, respectively, expressed an unmodified conclusion / opinion. Our conclusion on the Statement is not modified in respect of above matter. For Deloitte Haskins & Sells Chartered Accountants LLP Chartered Accountants (Firm Regn. No. 117364W/W100739) 4%,140.2A,A, Varsha A. Fadte Partner Membership No.103999 UDIN: 26103999URCHKD1138 For Jayantilal Thakkar & Co. Chartered Accountants (Firm Regn. No. 104133W) p-1941-4 , Viral A. Merchant Partner Membership No. 116279 UDIN: 26116279ARNJRQ8052 Mumbai, 4th November 2026 Mumbai, 4th November 2026
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GROWING TOGETHER BIL/SE/2026-27 4th November, 2026 BSE Ltd National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers 5th Floor, Exchange Plaza Dalai Street Bandra Kuria Complex Mumbai-400 001 Bandra (E), Mumbai 400 051 Equity Scrip Code: 502355 Trading Symbol: BALKRISIND Scrip Code 977667 (Debt) (1NE787D08047) 977668 (Debt) (1NE787D08039) Scrip Code 977669 (Debt) (INE787D08054) 978121 (Debt) (1NE787D08062) Scrip Code 978123 (Debt) (1NE787D08070) 978122 (Debt) (1NE787D08088) Scrip Code 732679(Debt) (1NE787D14235) Sub: Disclosure of usage of proceeds from Non -convertible securities as per Regulation 52(7) and Regulation 52(7A) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) 2015. Pursuant to Regulation 52(7) and Regulation 52(7A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/DDHS/DDHS-P0D- 1/P/CIR/2025/0000000103 dated 11 July 2025, we enclose a statement indicating the utilisation of issue proceeds of non-convertible securities as Annexure A, and a statement confirming NIL deviation or variation, in the prescribed format, in the utilisation of proceeds of listed non-convertible securities from the objects stated in the offer document. Name of the Issuer !SIN Mode of Fund Raising (Public issues/ Private placement) Type of instrument Date of raising funds Amount Raised Funds utilized Any deviation (Yes/ No) If 8 is Yes, then specify the purpose of for which the funds were utilized Remarks, if any 1 2 3 4 5 6 7 8 9 10 Balkrishna Industries Limited INE787D08062 (Series I - 7.35%) INE787D08070 (Series II - 7.38%) INE787D08088 (Series III - 7.40%) Private Placement NCD 03.09.2026 550 crores YES NO NA 0 r- Funds has been fully utilized for the purpose for which proceeds were raised ,p,\NDL/6,7 .,r-- --, -, 1 fivIi Balkrishna Industries Ltd. CIN No.: L99999MH1961PLC012185 Corporate Office: BKT House, C /15. Trade World, Kamala Mills Compound, Senapati Banat Marg, Lower Parel, Mumbai -400013, India. Tel: +91 22 6666 3800 Fax: +91 22 6666 3898/99 www.bkt-tires.com Registered Office: B-66, Waluj MIDC, Waluj Industrial Area, Chhatrapati Sambhaji Nagar- 431 136, Maharashtra, India
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GROWING TOGETHER : 2 : You are requested to disseminate the above information on your respective website. Thanking you, Yours faithfully, For Balkrishna Industries Limited Saroj Kumar Khuntia Chief Financial Officer End: as above Balkrishna Industries Ltd. CIN No.: L99999MH1961PLC012185 Corporate Office: BKT House, Cl 15, Trade World, Kamala Mills Compound, Senapati Bapat Marg, Lower Pare!, Mumbai -400013, India. Tel: +91 22 6666 3800 Fax: +91 22 6666 3898/99 www.bkt-tires.com Registered Office: B-66, Waluj MIDC, Waluj Industrial Area, Chhatrapati Sambhaji Nagar- 431 136, Maharashtra, India