Interim report
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E— Pfa dler ] GMM/SEC/2026-27/48 November 4, 2026 To, BSE Limited NSE Limited Scrip Code: 505255 Symbol: GMMPFAUDLR Sub.: Outcome of Board Meeting held on November 4, 2026 Dear Sir/ Ma’am, This is to inform you that the Board of Directors of GMM Pfaudler Limited (“Company”) at their meeting held today i.e. on November 4, 2026, which commenced at 11 a.m. (IST) and concluded at 3:50 p.m. (IST) have considered and unanimously approved the following: 1. The Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026, with the Limited Review Report of Statutory Auditors on the results for the quarter and half year ended September 30, 2026. 2. Mr. Ankit Nayyar assumed office as Group Chief Financial Officer and Key Managerial Personnel of the Company, effective November 4, 2026, pursuant to Mr. Alexander Poempner’s request for early relieving owing to personal exigencies. This outcome of the Board Meeting is being made available on the website of the Company at www.gmmpfaudler.com Kindly take the same on record. Thanking you. Yours faithfully, For GMM Pfaudler Limited o Mittal Mehta Company Secretary & Compliance Officer FCS. No. 7848 Encl.: As above GMM Pfaudler Ltd. Corporate Office: 902 VIOS Tower, New Cuffe Parade, Sewri-Chembur Rd, Mumbai 400037 Registered Office & Works: Vithal Udyognagar, Anand - Sojitra Road, Karamsad - 388325 O: +9122 6650 3900 | F: +91 2692 661888 | CIN: L29199GJ1962PLC0O01171 W: www.gmmpfaudler.com | E: sales@gmmpfaudler.com PFAUDLER NORMAG MAVAG MIXION INTERSEAL EQUILLOY EDLON HYDROAIR yass-Lined Technology -l ob & Pre - Futration & Oryiag aling Techrology - Aoy Proc = tdgmbrane Saparation Syste
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SRBC&COLLP 25 Senapati Bapat Marg Chartered Accountants Dadar (West) Mumbai - 400 028, India Tel : +91 22 6819 8000 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Regquirements) Regulations, 2015, as amended Review Report to The Board of Directors GMM Pfaudler Limited 1. We have reviewed the accompanying Statement of unaudited consolidated financial results of GMM Pfaudler Limited (the “Holding Company’”) and its subsidiaries (the Holding Company and its subsidiaries together referred to as “the Group') for the quarter ended September 30, 2026 and year to date from April 01, 2026 to September 30, 2026 (the "“Statement”) attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations™). The Holding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Holding Company’s Board of Directors. 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. 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 persons 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 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 Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. The Statement includes the results of the entities mentioned in Annexure 1 to this report. 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, prepared in accordance with 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 the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. The accompanying Statement includes the consolidated unaudited interim financial results and other financial information, in respect of a subsidiary comprising 21 step-down subsidiaries and another subsidiary whose unaudited interim financial results and other financial information include total assets of Rs. 3,535.62 Crores as at September 30, 2026, total revenues of Rs. 811.42 Crores and Rs. 1,517.53 Crores, total net profit after tax of Rs. 16.71 Crores and Rs. 27.99 Crores, total comprehensive income of Rs. 39.72 Crores and Rs. 47.36 Crores for the quarter ended September 30, 2026 and the period ended on that date respectively, and net cash outflows of Rs. 184.47 Crores for the period from April 01, 2026, to September 30, 2026, as considered in the Statement which have been reviewed by their respective independent auditors. SR B C & COLLP, a Limited Liabllity Partnership with LLP Identity No. AAB-4318 Regd. Office : 22, Camac Street, Block 'B', 3rd Floor, Kolkata-700 016
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SRBC&COLLP Chartered Accountants Page 2 of 3 GMM Pfaudler Limited The independent auditor's reports on interim financial information/ financial results of these entities 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 in respect of these subsidiaries is based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above. 7. These subsidiaries are located outside India whose financial results and other financial information have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been reviewed by other auditors under generally accepted auditing standards applicable in their respective countries. The Holding Company’'s management has converted the financial results of such subsidiaries located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Holding Company’s management. Our conclusion in so far as it relates to the balances and affairs of such subsidiaries located outside India is based on the report of other auditors and the conversion adjustments prepared by the management of the Holding Company and reviewed by us. 8. The accompanying Statement includes unaudited interim financial results and other unaudited financial information in respect of 1 subsidiary whose interim financial results and other financial information reflect total assets of Rs. 0.53 Crores as at September 30, 2026, total revenues of Rs. NIL and Rs. NIL, total net profit after tax of Rs. 0.19 Crores and Rs. 0.28 Crores, total comprehensive income of Rs. 0.19 Crores and RS. 0.28 Crores, for the quarter ended September 30, 2026 and the period ended on that date respectively and net cash inflows of Rs. 0.19 Crores for the period from April 01, 2026, to September 30, 2026. The unaudited interim financial results and other unaudited financial information of this subsidiary have not been reviewed by their auditor and have been approved and furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the affairs of this subsidiary, is based solely on such unaudited interim financial results and other unaudited financial information. According to the information and explanations given to us by the Management, these interim financial information/financial results are not material to the Group. Our conclusion on the Statement in respect of matters stated in para 6, 7 and 8 above is not modified with respect to our reliance on the work done and the reports of the other auditors and the financial results/financial information certified by the Management. For SRBC&COLLP Chartered Accountants ICAI Firm registration number: 324982E/E300003 per Anil Jobanputra Partner Membership No.: 110759 Place: Mumbai Date: November 04, 2026
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SRBC&CO LLP Chartered Accountants Page 3 of 3 GMM Pfaudler Limited Annexure 1 to the Independent Auditor’'s Review Report: Holding Company GMM Pfaudler Limited Subsidiary Companies e S Mavag AG GMM Pfaudler Foundation GMM International S.a.r.l. Pfaudler GmbH Pfaudler Normag Systems GmbH Pfaudler Interseal GmbH Pfaudler France S.a.r.l. Pfaudler Service BeNelLux B.V. Pfaudler S.r.l. Pfaudler Limited Pfaudler (Chang Zhou) Process Equipment Company Limited Pfaudler S.A. de C.V. Edlon Inc. GMM Pfaudler US Inc. Glasteel Parts and services Inc. Pfaudler Ltda. Pfaudler Private Limited Mixel France SAS Mixel Agitator Co. Limited Hydro Air Research Italia S.r.I GMM Pfaudler JDS LLC Professional Mixing Equipment Inc. GMM Inox sp. z 0.0. SEMCO Tecnologia em Processos Ltda
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GMM —] = Pfaud ler GMM PFAUDLER LIMITED Registered Office: Vithal Udyognagar, Karamsad 388 325, Gujarat, India CIN: L29199GJ1962PLC001171, Email ID : investorservices@gmmpfaudler.com, Website : www.gmmpfaudler.com STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 Z In Crore {except per share data) Consolidated Sr Quarter ended Half Year ended Year ended No: Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 . . Unaudited . Unaudited iy Unaudited Unaudited (Refer Note 3) Unaudited (Refer Note 3) Audited 1 | Income: a) Revenue from operations 1,064.62 92476 902.34 1,989.38 1,696 89 3,523.94 b) Other income 15.04 9.81 8.79 24 85 18.07 45.07 Total Income 1,079.66 934.57 911.13 2,014.23 1,714.96 3,569.01 2 | Expenses: a) Cost of materials consumed 466.51 366 29 360.27 832.80 70370 1,463 15 b} Changes in inventories of finished goods and work-in-progress . (0.10) (0.00) (29.54) (0.10) (81.96) (68.00) c) Employee benefits expense 287.61 284 74 25042 572.35 48428 1,006.97 d) Depreciation & amortization expense 43,50 4061 38,97 84.11 74.72 157.61 e) Labour charges 32.24 268 68 31.27 6092 53.12 120.28 f) Finance cost (Refer Note 4) 31.44 2273 29.69 54 17 72 60 122 80 g) Other expenses 168.18 151.32 168.36 319.50 31520 598 92 Total Expenses 1,029.38 894.37 849.44 1,923.75 1,621.66 3,401.73 3 | Profit before exceptional items and tax (1-2) 50.28 40.20 61.69 90.48 93.30 167.28 4 | Exceptional items - - - - - 6531 5 | Profit Before Tax (3-4) 50.28 40,20 61.69 90.48 93.30 101.97 6 | Tax Expense: Current tax 27.01 11.45 3394 3846 5536 72.93 Deferred tax (11.86) 665 (9.93) (5.21) (9.89) (22.78) 7 | Profit for the period / year (5-6) 35.13 22,10 37.68 57.23 47.83 51.82 Attributable To: Equity holders of the parent 33.30 23.90 39.84 5§7.20 50.99 67.82 Non-Controlling Interests 1.83 (1.80) (2.16) 0.03 (3.16) (6.00) 8 | Other Comprehensive Income: A) ltems that will not be reclassified o profit or loss: i) Actuarial gain / (loss) on gratuily and pension obligations 30.46 (1.60) 18.55 28.86 18.05 (2.66) ii) Income tax relating ta items that will not be reclassified to profit or loss (7.02) 0.40) (4.69) (7.42) (4 34) 176 B) Items that will be reclassified to profit or loss: i) Exchange difference in translating the financial statements of foreign components 10.81 6.86 36.10 17 67 91 34 137.24 Total Other Comprehensive Income for the period / year 34.25 4.86 49.96 39.11 105.05 136.34 Attributable To: Equity Holders of the Parent 34.47 4.84 47.61 39.31 102.70 133.00 Non-Controlling Interests (0.22) 0.02 2.35 (0.20) 2.35 3.34 9 | Total Comprehensive Income for the period / vear {7+8) 69.38 26.96 87.64 96.34 152.88 188.16 Attrtbutable To: Equity Holders of the Parent 67.77 28.74 87.45 96.51 153.69 190.82 Non-Controlling interests 1.61 (1.78) 0.19 {0.17) (0.81) (2.66) 10 | Paid-up Equity Share Capital (Face Value of ¥ 2/- each) 8.99 8.99 8.99 8.99 8.99 8.99 11 | Other Equity 1,1956.51 12 | Earnings per equity share [before exceptional items (net of tax)]. (Face Value of share 2 2/- each) (not annualised for the quarter and half year) a) Basic 7 40 532 886 1272 11.34 23.35 b) Diluted 7 40 532 8 86 12.72 11.34 2335 13 | Earnings per equity share [after exceptional items (net of tax)]: (Face Value of share Z 2/- each) (not annualised for the guarter and half year) a) Basic 7 40 532 886 12.72 11.34 12.86 b) Diluted 7.40 532 886 12.72 11.34 1286 BY B SIGNED FUR IDENTIFICATION SRBC&COLLP MUNBALI
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GMM L pfaudier udler GMM PFAUDLER LIMITED CONSOLIDATED BALANCE SHEET AS AT SEPTEMBER 30, 2026 Z In Crore S As at As at No'. Particulars 30.09.2026 31.03.2026 Unaudited Audited ASSETS 1 |Non-current assets (a) Property, Plant & Equipment 428 59 410.72 (b) Right of Use Assets 38270 233.99 (c) Capital work-in-progress 23.33 19.86 (d) Goodwiill 234.49 229.64 (e) Other Intangible Assets 614.23 622.74 (f) Intangible assets under development 1.41 0.40 (g) Financial Assets (i) Investments 3.47 3.47 (i) Loans 0.63 0.76 (iii) Others 10.87 7.41 (h) Deferred Tax Assets (net) 4818 34.83 (i) Non-current Tax Assets (net) 2.59 4.32 (j) Other non-current assets 37.22 29.62 Total Non-current assets 1,787.71 1,5697.76 2 |Current Assets (a) Inventories 662.35 636.89 (b) Financial Assets (i) Trade Receivables 506.96 465.33 (i) Cash & Cash Equivalents 426 55 635.38 (iiiy Bank balances other than (ii) above 55.65 52.26 (iv) Loans 2.63 3.46 (v) Others 507.74 495,53 (c) Other current assets 199.45 136.81 Total Current assets 2,361.23 2,425.66 Assets classified as held for sale - 0.13 Total Assets 4,148.94 4,023.55 EQUITY & LIABILITIES 1 |Equity (a) Equity Share Capital 8.99 8.99 (b) Other Equity 1,287.35 1,195.51 Equity attributable to equity holders of the Parent (A) 1,296.34 1,204.50 2 |Non-Controlling interests (B) 28.32 28.49 Total Equity (A+B) 1,324.66 1,232.99 LIABILITIES 3 |Non-current liabilities (a) Financial Liabilities (i) Borrowings 456.79 544 60 (i) Lease Liabilities 311.68 161.20 (b) Provisions 368.36 395.68 (c) Deferred tax liabilities (net) 130.86 113.84 (d) Other non-current liabilities 20.45 59.05 Total Non-current liabilities 1,297.14 1,274.37 4 |Current liabilities (a) Financial Liabilities (i) Borrowings 275.34 290.46 (i) Lease Liabilities 48.29 4514 (iii) Trade payables due to - Micro & Small Enterprises 26.90 18.93 - Other than Micro & Small Enterprises 565.36 451.61 (iv) Others 86.83 89.98 (b) Other current liabilities el 317.10 387.38 (c) Provisions _ » 201.81 215.91 (d) Clufi4 (G Nk Dabilies BN TIFICATION {~7 551 16.05 Tota C‘Blirent Liabilities / 1,527.14 1,515.46 Liabfities directly associated with assets classified fas held for sale - 073 Tota| Equity &LifRiliRsR C O | 1 P 4,148.94 4,023.55 MUMBAI
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GMM — L2 Pfaudler GMM PFAUDLER LIMITED STATEMENT OF CONSOLIDATED CASH FLOW FOR THE HALF YEAR ENDED SEPTEMBER 30, 2026 Z In Crore Half Year ended Particulars 30.09.2026 30.09.2925 Unaudited Unaudited udi (Refer Note 3) CASH FLOW FROM OPERATING ACTIVITIES Profit Before Tax 90.48 93.30 Adjustments far: Depreciation and amortization expense 84.11 74.72 Net (gain) / loss on disposal of Property, Plant & Equipment including assets classified as held for sale (2.73) 0.59 Fair value gain on financial instruments valued at fair value through profit or loss (5.47) (2.88) Interest income (7.89) (3.42) Finance cost 53.50 46.39 Reversal of share based payment to employees (net) (0.19) (0.32) Allowance for doubtful debts and liquidated damages 1.27 6.09 Reversal of provision for warranty (2.10) (5.91) Unrealised foreign exchange fluctuation loss 2.25 56.31 Net operating profit before working capital changes 213.23 264.87 Adjustments for: Increase in inventories (39.67) (115.21) Increase in trade receivable, loans and other financial & non-financial assets (167.09) (270.45) Increase in trade payables, provisions and other financial & non-financial liabilities 80.20 215.98 Cash generated from operations 86.67 95.19 Direct taxes paid (net of refunds) (45.55) (30.43) Net cash flows generated from operating activities A 41.12 64.76 CASH FLOW FROM INVESTING ACTIVITIES Purchase of Property, Plant & Equipment (including intangible assets, right of use assets, capital advances & capital creditors) (65.73) (30.70) Payment towards acquisition of business (net) - (97.12) Purchase of non-current investment - (3.46) Proceeds from sale of Property, Plant & Equipment including assets classified as held for sale 10.41 3.60 Deposits placed with bank (net) (including margin money deposits) (3.29) (66.80) Interest received 7.57 3.42 Net cash flows used in investing activities B (51.04) (191.06) CASH FLOW FROM FINANCING ACTIVITIES Proceeds from short-term borrowings 105.47 152.29 Repayment of short-term borrowings (121.12) (64.75) Proceeds from long-term borrowings - 100.49 Repayment of long-term borrowings (100.47) (26.25) Finance cost paid (47.99) (40.53) Dividend paid (4.81) (4.48) Payment of lease liabilities (29.99) (25.26) Net cash flows (used) in / generated from financing activities C (198.91) 91.51 NET DECREASE IN CASH & CASH EQUIVALENTS A+B+C (208.83) (34.79) Cash & cash equivalents at the beginning of the year 635.38 444 81 Cash & cash equivalents at the end of the period 426.55 410.02 SIGNEL FiR IDENTIFICATION BY A SRBC&COLLP
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GMM | = Pfaudier GMM PFAUDLER LIMITED CONSOLIDATED SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 ¥ In Crore Consolidated 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 (Refer Note 3) Unaudited (Refer Note 3) Audited 1) Segment Revenue: a) India 261.68 22513 257.18 486.81 470.58 976.42 b) Overseas 802.94 699.63 645.16 1,502.57 1,226.31 2,547.52 Revenue from Operations 1,064.62 924.76 902.34 1,989.38 1,696.89 3,623.94 2) Segment Result: Profit before Tax and Interest a) India 27.23 18.28 34.65 45,51 66.70 113.21 b) Overseas 54.49 4465 56.73 99.14 99.20 111.56 Total 81.72 62.93 91.38 144.65 165.90 224.77 Less : Finance Costs 31.44 22.73 29.69 54.17 72.60 122.80 Total Profit before Tax 50.28 40.20 61.69 90.48 93.30 101.97 3) Segment Assets: a) India 839.55 827 .92 799.57 839.55 799.57 783.15 b) Overseas 3,309.39 3,166.92 3,093.81 3,309.39 3,093.81 3,240.40 Total 4,148.94 3,994.84 3,893.38 4,148.94 3,893.38 4,023.55 4) Segment Liabilities: a) India 495.22 495 66 517.94 495.22 517.94 477.34 b) Overseas 2,329.06 2,239.36 2,173.85 2,329.06 2,173.85 2,313.22 Total 2,824.28 2,735.02 2,691.79 2,824.28 2,691.79 2,790.56 BY SIGNED FOR IDENTIFICATION A SRBC&COLLP MUMBAI
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GMM = = Pfaudler Notes: 1) The above unaudited results have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on November 04, 2026. 2) The Consolidated financial results are prepared in accordance with the recognition and measurement principles of Indian Accounting Standard ("Ind AS") 34, prescribed under section 133 of the Companies Act 2013 (the "Act") read with relevant rules issued thereunder and the other accounting principles generally accepted in India. 3) During the year ended March 31 2026, the Group acquired 100% stake in "SEMCO Tecnologia em Processos Ltda., Brazil (SEMCO’)" through its subsidiary company Pfaudler Ltda. based in Brazil for a consideration of ¥162 Crores (approx.) and the acquisition of 51% stake in "GMM Inox sp. z 0.0." with a capital contribution of 225.30 Crores (approx.). The Group had updated the provisional fair values of identified assets and liabilities for the purpose of Purchase Price Allocation for the aforesaid acquisitions resulting in a Goodwill of €88.09 Crores during the year ended March 31, 2026. Consequently, the Group has restated the reported results for the Quarter and Half year ended September 30, 2025. As at September 30, 2026, the Group has finalized the Purchase Price allocation in accordance with “Ind AS 103 - Business Combinations” and there is no change in the provisional fair values of assets and liabilities determined as at March 31, 2026. The summarized reconciliation of the reported and restated results is as below: Consolidated Financial Results Z in Crores Quarter ended Half Year ended Particulars September 30, 2025 | September 30, 2025 Reported | Restated | Reported| Restated Profit Before Tax 64 .21 61.69 95.82 93.30 Profit for the Period 39.38 37.68 49.53 47.83 Total Other Comprehensive Income 50.08 49.96 105.17 105.05 Statement of Consolidated Cash Flow Zin Crore Particulars September 30, 2025 Reported | Restated Net cash generated from operating activities 64.76 64.76 Net cash used in investing activities (191.06)| (191.06) Net cash generated from financing activities 91.51 91.51 4) The Group has presented net loss on restatement of foreign currency borrowings, mainly inter-company borrowings, amounting to ¥2.29 Crores, 20.19 Crores, ¥20.03 Crores and ¥10.94 Crores for the quarter ended September 30, 2026, September 30, 2025, half year ended September 30, 2025 and year ended March 31, 2026 respectively and net gain of 26.77 Crores and %4 .48 Crores for the quarter ended June 30, 2026 and half year ended September 30, 2026 respectively under "Finance Cost". For and on behalf of Board of Directors SIGNED FOR IDENTIFICATION For GMM Pfaudler Limited BY A SRBC&COLLP MUMBAI Place : Mumbai Tarak Patel Date : November 04, 2026 Managing Director
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SRBC&COLLP 25 Senapati Bapat Marg Chartered Accountants Dadar (West) Mumbai - 400 028, India Tel : +91 22 6819 8000 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Reguiations, 2015, as amended Review Report to The Board of Directors GMM Pfaudler Limited 1. For SR We have reviewed the accompanying statement of unaudited standalone financial results of GMM Pfaudler Limited (the “Company’’) for the quarter ended September 30, 2026 and year to date from April 01, 2026 to September 30, 2026 (the “Statement”) attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Reguiations, 2015, as amended (the “Listing Regulations™). The Company’s Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company’s Board of Directors. 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. 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 persons 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 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. Based on our review conducted as 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 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 the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. BC&COLLP Chartered Accountants ICAI Firm registration number: 324982E/E300003 9 per Anil Jobanputra Partner Membership No.: 110759 UDIN: 26\ 0159 RGPTCR) “‘:.FT?/ Place: Mumbai Date: November 04, 2026 SRBC&CO LI_.P. a Limited Liability Partnership with LLP identity No. AAB-4318 Regd. Office : 22, Camac Street, Block 'B*, 3rd Floor, Kolkata-700 016
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r— Pfa dler ] GMM PFAUDLER LIMITED Registered Office : Vithal Udyognagar, Karamsad 388 325, Gujarat, India CIN: L29199GJ1962PLC001171, Email ID : investorservices@gmmpfaudler.com, Website : www.gmmpfaudier.com STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 T In Crore (except per share data) | Standalone |particulars Quarter ended Ha'lf_\_('galj ended Year ended . 30.09.2026 | 30.06.2026 30.08.2025 30.09.2026 | 30.09.2025 | 31.03.2026 Unaudited Unaudited Unaudited Unaudited | Unaudited Audited Income: a) Revenue from operations 279 35 235 49 271.73 514 84 502.92 1,034 21 b) Other income 097 1341 2.77 2.31 3.40 13.49 Total Income 280.32 236.83 274.50 517.15 506.32 1,047.70 Expenses: a) Cost of materials consumed 131.60 126.07 131.70 257.67 27423 54188 b) Changes in inventories of finished goods and work-in-progress 10 49 (7 48) (3.08) 3.01 (38.01) (30.50) ¢) Employee benefits expense 34.00 38.18 3568 72.18 6237 133.99 d) Depreciation & amortization expense 7.26 717 7.39 14.43 16.44 30.18 e) Labour charges 2108 1716 2052 38.24 37 66 75.13 f) Finance cost 6.75 556 6.94 12.31 1348 27.88 g) Other expenses 45.94 35.53 47 81 8147 | 91.25 178.77 Total Expenses 257.12 222.19 246.96 479.31 456.42 957.33 3 |Profit before exceptlonal items and tax (1-2) 23.20 14.64 27.54 37.84 49.90 90.37 4 |Exceptional items E - = - - 12.69 _5 |Profit Before Tax (3-4) 23.20 14.64 27.54 37.84 49.90 77.68 6 |Tax Expense: Current tax 6.06 . 356 8.20 9.62 14.38 21.32 Deferred tax (0.18) (0.07) (0.95) (0.25) (1.47) (2.96) Profit for the period / year (5-6) 17.32 11.15 20.29 28.47 36.99 59.32 | Other Comprehensive Income / (Loss): Items that will not be reclassified to profit or loss: i) Actuarial (loss) / gain on gratuity obligations (0.86) 0.00 (0.16) (0.86) (0.32) 1.27 Total Comprehensive income for the period / year (7+8) 16.46 11.15 20.13 27.61 36.67 60.59 Paid-up Equity Share Capital (Face Value of ¥ 2/- each) 8.99 | 8.99 8.99 8.99 8.99 8.99 Other Equity o 822.85 Earnings per equity share [before exceptional items (net of tax)]: (Face Value of share ¥ 2/- each) (not annualised for the quarter and half year) a) Basic 385 2.48 4,52 633 823 15.31 b) Diluted 385 248 4.52 633 823 | 1531 3 |Earnings per equity share [after exceptional items (net of tax)]: (Face Value of share ¥ 2/- each) (not annualised for the quarter and half year) a) Basic 385 248 452 633 823 13.20 b) Diluted 385 248 452 6.33 823 13 20 SIGNED FOR !DENTIFICATION BY SRBC&COLLP B MUMBAI
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Ll g Pfaudler GMM PFAUDLER LIMITED STANDALONE BALANCE SHEET AS AT SEPTEMBER 30, 2026 Z In Crore :;.. Particulars As at 30.09.2026 | As at 31.03.2026 Unaudited Audited ASSETS 1 |Non-current assets (a) Property, Plant & Equipment 99.43 98.80 (b) Right of Use Assets 56.01 60.20 (c) Capital work-in-progress 10.67 9.33 (d) Goodwill 5.93 5.93 (e) Other Intangible Assets 511 4.37 (f) Financial Assets (i) Investments 522.51 522.61 (i) Others 7.27 5.99 (g9) Deferred Tax Assets (net) 0.26 0.01 (h) Non-current Tax Assets (net) 2.07 3.03 (i) Other non-current assets 0.99 0.49 Total Non-current assets 710.25 710.66 2 |Current Assets (a) Inventories 138.12 102.23 (b) Financial Assets (i) Trade Receivables 161.66 136.10 (i) Cash & Cash Equivalents 3.25 27.80 (iii) Bank balances other than (ii) above 1.62 1.19 (iv) Loans 1.28 5.24 (v) Others 319.91 308.34 (c) Other current assets 56.79 38.24 Total Current assets 682.63 619.14 Assets classified as held for sale - 0.13 Total Assets 1,392.88 1,329.93 EQUITY & LIABILITIES 1 |Equity (a) Equity Share Capital 8.99 8.99 (b) Other Equity 845.81 822.85 Total Equity 854.80 831.84 LIABILITIES 2 |Non-current liabilities (a) Financial Liabilities (i) Borrowings - 22.19 (i) Lease liabilities 3.70 4.89 (b) Provisions 4.98 7.29 Total Non-current liabilities 8.68 34.37 3 |Current liabilities (a) Financial Liabilities (i) Borrowings 186.82 217.60 (i) Lease Liabilities 2.61 5.27 (iii) Trade payables due to - Micro & Small Enterprises 26.90 18.93 - Other than Micro & Small Enterprises 167.27 112.69 (iv) Others 69.06 49.95 (b) Other current liabilities] SIGNED FUOR IDENTIFICATION 61.69 43.29 (c) Provisions ST 15.05 15.26 Total Current Liabilities A - “’f’(, 529.40 462.99 = Liabilities directly associated vg’h pfsgs Ellas&'fi%fihf_lc‘_fcpsaia W/ & - 0.73 Total Equity & Liabilities MEBAL " 1,392.88 1,329.93
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GMM m—— L= Pfaudier GMM PFAUDLER LIMITED STATEMENT OF STANDALONE CASH FLOW FOR THE HALF YEAR ENDED SEPTEMBER 30, 2026 ZIn Crore Half Year ended Particulars 30.09.2026 30.09.2025 Unaudited Unaudited CASH FLOW FROM OPERATING ACTIVITIES Profit Before Tax 37.84 4990 Adjustments for: Depreciation and amortization expense 14.43 15.44 Net gain on disposal of property, plant & equipment including assets classified as held for sale (0.75) (0.10) Reversal of Share based payment to employees (net) (0.01) (0.41) Interest income (0.28) (0.70) Finance cost 12.31 13.48 Allowance for doubtful debts and liquidated damages 1.34 5.90 (Reversal) of / Provision for warranty (0.52) 0.49 Unrealised foreign exchange fluctuation gain (0.62) (0.91) Net operating profit before working capital changes 63.74 83.09 Adjustments for: Increase in inventories (35.89) (60.22) Increase in trade receivable, loans and other financial & non-financial assets (56.65) (74.49) Increase in trade payables, provisions and other financial & non-financial liabilities 97.50 49 97 Cash generated from operations 68.70 (1.65) Direct taxes paid (net of refunds) (10.49) (12.57) Net cash flows generated from / (used) in operating activities A 58.21 (14.22) CASH FLOW FROM INVESTING ACTIVITIES Purchase of Property, Plant & Equipment (including intangible assets, right of use assets, capital (12.70) (9 33) advances & capital creditors) Loan given to Related party (5.84) - Proceeds from sale of Property, Plant & Equipment including assets classified as held for sale 1.14 0.42 Receipt against Loan Given to Related Party 9.40 - Purchase of non-current investment - (3.46) Redemption of deposit from bank (net) (including margin money deposits) (0.79) - Interest received - 0.69 Net cash flows used in investing activities B (8.79) (11.68) CASH FLOW FROM FINANCING ACTIVITIES Proceeds from short-term borrowings 84.80 119.08 Repayment of short-term borrowings (115.59) (41.65) Repayment of long-term borrowings (22.19) (22.19) Finance cost paid (11.87) (12.42) Dividend paid (4.81) (4.48) Payment of lease liabilities (4.31) (4.34) Net cash flows (used) in / generated from financing activities C (73.97) 34.00 NET (DECREASE) / INCREASE IN CASH & CASH EQUIVALENTS A+B+C (24.55) 8.10 Cash & Cash Equivalents at the beginning of the year 27 .80 8.64 Cash & Cash Equivalents at the end of the period 3.25 16.74 SIGNED FOR IDENTIFICATION BY P : SRBC&COLLP MUMBAI
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WL p— er Notes: 1) The above unaudited results have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on November 04, 2026. 2) The Standalone financial results have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standard ("Ind AS") 34, prescribed under section 133 of the Companies Act 2013 (the "Act") read with relevant rules issued thereunder and the other accounting principles generally accepted in India. 3) The Company has presented segment information in the Consolidated financial results and accordingly in terms of Ind AS 108 - Operating Segments, no disclosure related to segments are presented in this Standalone financial results. SIGNED FOR !DENTIFICATION For and on behalf of Board of Directors BY For GMM Pfaudler Limited A SRBC&COLLP MUMBAI Place : Mumbai Tarak Patel Date : November 04, 2026 Managing Director
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From: Alexander Poempner |G Sent: Tuesday, 03 November 2026 18:55:10 To: Tarak Pate! | Ce: Mittal Mehta | Subject: Handover and resignation Dear Tarak, This is with reference to my resignation letter dated September 15, 2026, my resignation as Class A Manager of GMM International Sarl as of October 30, 2026 and our discussions. As agreed, owing to personal reasons, | am unable to attend the Q2 FY27 Board Meeting as planned. Accordingly, | request the Board to relieve me of my responsibilities as Group CFO and KMP with immediate effect, i.e., at the close of business hours on Movember 3, 2026. Ankit has performed exceedingly well, and the transition has been successfully completed. He is ready to assume the responsibilities of Group CFO. I will continue to be available until December 31, 2026, to provide the necessary support. Best regards, Alex Alexander Pompner Group Chief Financial Officer