Interim report
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October 28, 2026 To, BSE Limited Dept. DSC_CRD Phiroze Jeejeebhoy Towers, Dalal Street Mumbai 400 001 BSE Scrip Code: 506222 National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, ‘G’ Block, Bandra- Kurla Complex, Bandra (‘E’), Mumbai 400 051 NSE Symbol: STYRENIX Subject: Outcome of Board Meeting held on October 28, 2026 Dear Sir, In continuation to our intimation dated October 21, 2026 and in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 [‘Listing Regulations’], we wish to inform you that at the meeting of the Board of Directors of the Company held today i.e. on October 28, 2026, inter alia, the following matters was considered: - Approval of the standalone and consolidated unaudited financial results for the second quarter and half year ended on September 30, 202 6 along with a Limited Review Report from the Auditors for the second quarter and half year ended on September 30, 202 6, in terms of Regulation 33 of the Listing Regulations. A copy of the unaudited financial results, along with the limited review report is enclosed. The Board meeting commenced at 10:45 hours (IST) and concluded at 11:05 hours (IST). You are requested to kindly take the same on your records. Thanking you. For Styrenix Performance Materials Limited Chintan Doshi Senior Manager Legal & Company Secretary Encl.: As above
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.|SarabhaiGomples,Dr.vikramSarabhaiMarg.Vadnwad reniSeemereapena StyrenixPerformanceMaterialsLimited StatementofStandaloneUnauditedFinancialResultsFortheQuarterandHalfyearEndedSept30,2028, _INRinCrores FortheYear ParticularsSept,302026|June,302026|Sept30,2026|Sept,302026|Sept30,2028|Mar31,2026 (Unaudited)|(Unaudited)|(Unaudited|(Unaudited)|(Unaudited)|(Audited) 1 21236|249|220, _ 3708408 3°|Totalincome(1+2)731.06|770.53|617.46|1,551.521,340.372,648.70 4|Expenses . | Costofmaterialsconsumed537.92 | ‘Otherincome Changesininventeriesoffinishedgoodsandwork:(55.22)| Employeebenefitsexpense20.40 66.03 |Totalexpenses(4);569.131,265.644172.482,276.98 RED: ProtbeforeDepreiton,terestandTaxexpense ; 201.40395.0818789369.72 |FinanceCosts 0 aa3.195.55 PEDT;ProfitbeforeDepreciationandTaxexpense(56)22a164.69364.17 Depreciationandameitisationexpense1163|26.7622.45,47.08 ProfitBeforeexceptionalitemandtax7-8):22.29|255.86142.24|217.98 Exceptionaltems - | -- |a7 Profithefaretax(9-10):62.39|255.66142.24|31431 Taxexpense ._ Currenttaxi82469.583808237 Deferredtaxcharge/(credit)(1:23)|(063)|(2.44)1.47}|(2.33) Totaltaxexpense(12):49.28|17.44e714|36.69|80.04 42ProfitforthePeriod/Year(11-12)197.22|e078190,82108.66234.27 44Othercomprehensiveincome ‘temsthatwillnotbereclassifiedtoprofitorloss Remeasurementsofdefinedbenefplans - (Loss)/Gain . 0.13,(0.15) Incometaxrelatingtocemeasurementsofdefinedbenefitplans(0.03)004(6.07) ‘Totalothercomprehensiveincoms,netoftax(14)o0.10(0.17)0.20 18TotalcomprehensiveincomeforthePeriod/Year(13+14).197.4250.67188.72 16—Paid-upequitysharecapital17.59A7891759 (FacevalueoftheshareINR10) 17OtherEquity1,121.10 48Gamingspershare NominalvalueperequilyshareofINR10each BasicandDiluted(INR) HeadOfvice:RegisteredOris ‘StyronixPerformanceMaterlabsLimited‘StyrentxPerformanceMaterialsLimited IN:L2520061873LCO02I36‘CIN:L2820061973PLCOO2436 Floor,“shva",‘8hFlac,“Shia SacabhaiComplex.Or.VikramSarabhaiMarg,VaewnadlSarabhaiComplex,Dr,VikramSarabhaiMarg,Vagal Vadodara -390023,Guarat,IndiaVadodara~380023,Gujarat,Ioia Tele:+91265-2000201102‘ele+91265-2300201102 EMoi:secshare@styrenxcomMal;seesharegistyreniecom Website.wnastyrenicomWebsite:winmtyreniccom
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StyrenixPerformanceMaterialsLimited reni StatementofStandaloneAssetsandLiabilities MATERIALS PERFORMANCE INRCrores. AsatSept30,AsatMar31, 20262026 (Unaudited)|—(Audited) \ Particulars |ASSETS 1Mon-currentassets fi}Curent-vestre-ts ashanc, (¥}Loans (vi)Otherfinancialassets (9).AssetclassifiedasheldforSale Totalcurrentassets1,009.80 TOTALASSETS1,580.074,473.03 MlEQUITYANDLIABILITIES: 1Equity (2)...Equitysharecapital (b) Olherequity Totalequity4,138.69 Financialliabilities ()..Borrowings, Leaseliabilities (ii)Otherfinancialliabilities, _..Provisions . Deferredtaxliabilities(net) Totalnon-curventliabilities 3Currentliabilities Financialliabilities 4)Borrowings, iyLeaseLiebéites in)totalcAstandrgcues, (viOtterfrancalsabihes fCurrenthabilties TotalcurrentLakilites Totalliabilities TOTALEQUITYANDLABLITIES
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H StyrenixPerformanceMaterialsLimited |StatementofStandaloneCashflowFortheHalfyearEndedSept30,2026 MATERIALS PERFORMANCE INRCrores ForHalfyear|ForHalfyear EndedEnded Sep30,2026Sep30,2025 (Unaudited)|(Unaudited) 1 Particulars ACashflowfromoperatingactivities: Profitbeforetax Adjustmentsfor: Depreciationandamortisationexpense __InterestIncomeondepositsanddividend (Gain)/Lossonfairvaluationofinvestment(Net] (Gain)/Lossonsaleofj Financecosts Netexchangedifferences 8 (Gain)/Lossty,ntsold/discarded(net) Writeoff¢(Writeback)ofInventory(includingprovisions) Provision/Creditbalancesnolongerrequiredwrittenback Baddebtswrittenoff/(Wieback} Operatingprofitbeforechangeinoperatingassetsandliabilities Adjustmentsfor. {Increasedecreaseininventories {Increasedecreaseintradereceivables {Ircreasedecreaseinloans. iIrcrease}/decreaseir.ove:‘inancialasse’ ‘creasedecreaseirotvercurrentasse's Increase//decrease)irtracepayabes(18C53) IrcreaseXdecrease}inotterfinancialliabiites Ircreasedecrease)incor’r Ircreas lecrease}inothercurertliacilities (160.03) Cashgenerated/(usedin)fromoperations132.09 Taxespaid(netofrefund) Netcashinflowi/(outflow)fromoperatingactivities BCashflowfrominvestingactivities: _Paytrerssfo-property,pantanceculanentardCWI cSfrom¢scosaofp-cpert;indequpTet iproceedsc*Bankba‘ancesro:nedascashandcastequ.valents, ‘oceedsofMutuaFures ondepositsandcvceng Netcashinflow/(outflow)frominvestingactivities ¢Cashflowfromfinancingactivities: curren:sorowirgs apes onequityshares(includingpaymentfromunclaimeddividendaccount)(40.62) >Ketdash(outflowyinslowfromfinancingactivities_(63.63)(45.87) Net(decrease)/increaseincashandcashequivalents " 7.80(28.88) CashandcashequivalentsatthebeginningoftheYear : 76445.85 CashandcashequivalentsatendofthePeriod/Year16.97 SeeaccompanvinaNotestothefinancialresults
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StyrenixPerformanceMateriatsLimited SthFloor,“Shiva”, . aeSarabhaiComplex,Dr.VikramSarabhaiMarg,Vadiwadi, |Vadodara — 390023,Gujarat,india MATERIALS PERFORMANCE Notes: 1.TheabovestandalonestatementswerereviewedbytheAuditCommitteeandapprovedbytheBoardofDirectorsofthe CompanyattheirrespectivemeetingsheldonOctober28,2026.Thestatutoryauditorhaveexpressedunmodifiedconclusionon theaforesaidresults. 2.TheCompanyoperatesin“EngineeringPolymers”whichinthecontextofINDAS108Operatingsegmentsconstitutesasingle reportablebusinesssegment. 3.ThefinancialresultsoftheCompanyhavebeenpreparedinaccordancewithIndianAccounting(“indAS")notifiedunder Section133OftheCompaniesAct2013(‘Act’)readwithCompanies(IndianAccountingStandards)Rules,2015,asamended. ForStyrenixPerfarmanceMaterialsLimited Placecara anRakeshSAgrawal Date.Octeher28,2028 . Chairman DIN:00057955 RegisteredOffice: StyrenixPerformanceMaterialsLimited i 973PLCI92436 DrvintaSarabhaiMavs.V veSu,Vadocara Tele.+9°285:Tele:#91265-2303 EMalsecshee@styrerx.cor Weoste|waystyTenxccrr
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talati€talatilip CharteweeAccountants LimitedReviewReportonunauditedStandalonefinancialresultsofStyrenix PerformanceMaterialsLimitedforthequarterandhalfyearendedSeptember30, 2026pursuanttoRegulation33oftheSEBI(ListingObligationsandDisclosure Requirements)Regulations,2015,asamended. ReviewReportta BoardofDirectorsaf StyrenixPerformanceMaterialsLimited Vadodara. WehavereviewedtheaccompanyingstatementofUnauditedStandaloneFinancial ResultsofMéyrenixPerformanceMaterialsLimited(the"Company")forthe quarterandhalfyearended30"September.2026(the ” attached herewith,being :i entsof Regulation33 of SE e Y sements) Regulations.201 iddowninIndianA (nd-AS34)~InteriFinancia: Reporting”asprescribedunderSection133of CompaniesAct,2013readwithrelevantrulesissuedthereunderandother lesgenerallyacceptedinIndiaandincompliancewithRegulati reportontheStatementbasedonourreview, WeconductedourreviewoftheStatementinaccordancewiththeStandardon ReviewEngagement(SRE)2410.“ReviewofInterimFinancialinformation performedbytheIndependentAuditoroftheEntitedbyInstituteofChartered AccountantsofIndia.Thisstandardrequiresthatweplanandperformthereviewto obtainmoderateuranceastowhetherthestatcmentisfreefrommaterial misstatement.Areviewofinterimfinancialinformationconsistsofmakinginquiries, primarilyofpersonsresponsibleforfinancialandaccountingmatters,andapplying andotherreviewpri viewissubstantiallylessinscopethan anauditconductedinaccordancewithStandardsonAuditingspecifiedundersection 143(10)ofCompaniesAct,2013andconsequentlydocsnotenableustoobtain assurancethatwewouldbecomeawareofallsignificantmattersthatmightbe identifiedinanaudit.Accordingly,wedonotexpressanauditopinion. 1111,1B,73EastAvenue,SarabhaiCampus,NearGendaCircle,Vadodara-390023. Phone:0265-2355053/73,9924935053E-mail:baroda@talatiandtalati.comWeb:www.talatiandtalati.com Alsoat:AHMEDABAD(079)27544571/72*SURAT(0261)2361236»MUMBAI:(022)26833041 DELHI:(011)41824199«KOCHI:+919995427866
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donourreviewconductedandproceduresperformedasstaledinparagraph3 nothinghascometoourattentionoftheresultsthatcausesustobelievethat theaccompanyingStatement,preparedinaccordancewiththerecognitionand urementprincipleslaiddownintheaforesaidIndianAccountingStandard(‘Ind AS’)specifiedunderSection133oftheCompaniesAct,2013asamended,readwith relevantrulesissuedthereunderandotheraccountingprinciplesgenerallyaccepted inIndia,hasnotdisclosedtheinformationrequiredtobedisclosedintermsof tegulation33oftheSEB)(ListingObligationandDisclosureRequirements) Regulation,2015,asamended,includingthemannerinwhichitis1obedisclosed,or thatitcontainsanymateria]mis ForTalati&TalatiLLP CAHetangPandya Partner M.No.158392 Place:Vadodara Date:28"October,2026 UDIN:26158392BULVOE8250
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‘Slyrenix., Particulars Revenuefromoperations Otherincoma Totalincome{1+2) Expenses Costofmatenatsconsumed . Changesininventoriesoffinishedgoodsandwork-in-progress Employeebenefitsexpense Otherexpenses |Totalexpenses(4) PBDIT;ProfitbeforeDepreciation,InterestandTaxexpense 13-4) |FinaneeCosts |PBDT:ProfitbeforeDepreciationandTaxexpense(5-6} |Depreciationandamortisationexpense Profitbeforeoxcoptionaliternandtax(7-8) Exceptionaltems Prafiebeforetax(9-10) Herrthatwillbereclassifiedtoorefitorless Drewes1foreignexchenge“ ‘Tetalcthercomprehensiveincome,netoftax(14) “etalcompreensiveincomefor!~eSardYear{13 ~ 44) CtherCompret.ensiveincomeattibutabet OwnersofheComeany |Nor-contotingwterst 18.|TotalComprehensiveincomeattributableto ‘OwnersoftheCompany ‘StyrenixPerformanceMaterialsLimited ‘Floor,“Shiv ‘SarabhaiCompler,Dr.VikramSarabhaiMarg,Vachwath Vadodara -390023,Gujarat,India StyrenixPerformanceMaterialsLimited StatementofConsolidatedUnauditedFinanclalResultsFortheGuarterandHattyearEndedSept30,2026 Sept,302076 (Unaudited) 93.51 are 997.30 78862 i640, 4010 10656 92170 75.60 458 70.74 30% 40.38 40.38 136 N75) we 2347 FortheQuarterended Sune,302026 (Unaudited) |sore 333 totais || 70826 (6626) 38a U3 “790.60, zaisa| |402] |3317 3054 188.63| - | 188.63 RegsterecOf Sept20,2025 3.03 | 248.90 FtheHalfYearEnded INRinCrores FortheYear Ended Sept,302026|sept30,2025|Marat,2026 (Unaudited)|(Unaudited)|(Unaudited)|(Audited) 798.932oosar|1,742.88 296arf628 satesBoones|1,748.68 550.40146saay 2042ery 35787902 106.94121963 712.4617i0K6|1,860.42 08.43299.18198.27 5.40928| 26.16 50.87 - | 56.7|228.00 6030 229.00 ote, 825 (e.83)18.28 8083114.35 760.83| 17.5917.59 4,469.311,228.20 StyterxPerformanceMarctaalsL“aes wagvaowaa 9,438.03 1637 3,454.40 441.82 3,094.83, 359.87 19.48 340.12 114.09 226.03
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SlyrenixFenix arEROALSParticulars. ASSETSNon-current assets Financial assetsInvestmenlsLoans. ancial assets Deferred tax assets (net) Non-current tax assels (net) Other non-current assets fa)tn Total non-current assets Current assetsventoriesrarcia) assets Tiade “ece vat es Asset cass fed as tele ‘or Sale current assets TOTAL ASSETS EQUITY AND LIAB L TIES. tar aquityEquity Attrbutable to Owners of ihe Company. Non Controlling interest Tota! equityNoz-Current liabiit es 1 Cterimancia jap 1ee, it Srovsors Total non-current Habilities: Current liabilitiesFinancial hadil-2sBorewingsfase L ab ities rade gayab es Styrenix Performance Materials Limited Statement of Consolidated Assets and Liat As at Sept 30, 2026 ed) 1181.47787.70478.7124s53.173.0¢0.13,90.633487om1.372832,884 001,486.901,486.9048699 24812 ouls'and “4 dues Of micro end small enterprises Contract habiliies Provisions TOTAL EQUITY AND LIABILITIES 258411445.1628.13,380567.881,087.102,554.00 INR Crores As at Mar 31, 2026 (Audited)4,327.652482.5617581.348 721,366.3166 311,386.31880.76 | 1,118.24 | 2,482.56.
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lyrenixStyrenixPerformanceMaterialsLimited MATERIALS PERFORMANCEStatementofConsolidatedCashflowFartheHalfyearEndedSept30,2028 INRCrores ForHalfyear|ForHalfyear ParticularsEndedEnded Sep30,2026|Sep30,2025 (Unaudited)|(Unaudited) ACashflowfromoperatingactivities Profitbeforetax Adjustmentsfor: Depreciationandamortisationexpense . stIncome (Gain){Lossonfairvaluationofinvestment(Net) (Gain)/Lossonsaleofinvestment Financecosts Netexchanaedifferences (Gain)/Lossonproperty,plantandequipmentsoldidiscarded(net) Writeoff#(Writeback}ofinventory(includinaoravisionsi Pravision/Creditbalancesnalongerreauiredwrittenback __ Baddebts.writienoff(Writeback) OperatingprofitbeforechangeInoperatingassatsandliabilities Adjustmentsfor: incteasel¥dec-easeirinventories i nerease}idecreaseirtradereceivables increaseldecreaseirca7s __ilnerease'decreaseinotherfira"c.alassets fIncteaselidecreaseinother“67-cxtrentassets {increase¥idecrease‘nothercuvertassets (dectease)nyvadepayabes decrease)n othefnavsialabtes 823 (129.30)|(212.44) Cashgenerated/(usedin)fromoperations479.18 ___ (27.48) ~axespadinetoferg,iat(87.35) inflow/(outflow)fromoperatingactivities(64.83) Cashflowfrominvesti Paynecisforxopetyolactarseq.pmentCwIPandIrtangbleassets.48C.7C)(75.69; fromcisposa!o*sroperty CC.07 stneorecvdenos'sandcivdens Netcashinflow!outflow)frominvestingactivities Cashflowfromfinancingactivities: iudingpaymentfromunelai Netcash(outflow)/inflowfromfinancingactivities EffiectofChangeinforeignExchangerate(FCTRadjustment) Net(decrease)/increaseincashandcashequivalents.(16.95)](87.83) CashandcashequivalentsalthebeginningoftheYearan70.1397.65 CashandcashequivalentsatendofthePeriod/Yearee53.1829.82 12810thefinancialresults
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StyrenixPerformanceMaterialsLimited 9thFloor, wy SarabhaiComplex,Dr.VikramSarabhaiMarg,Vadiwadi, |Vadodara~396023,Gujarat,india MATERIALS PERFORMANCE Notes: 1.TheConsolidatedstatementswerereviewedbytheAuditCommitteeandapprovedbytheBoardofDirectorsoftheGroupat theirrespectivemeetingsheldonOctober28,2026.Thestatutoryauditorhaveexpressedunmodifiedconclusiononthe aforesaidresults. 2.TheGroupoperatesin"EngineeringPolymers”whichinthecontextofINDAS108Operatingsegitsconstitutesasingle reportablebusinesssegment 3.ThefinancialresultsoftheGrouphavebeenpreparedinaccordancewithIndianAccounting("IndAS")notifiedunderSection 133OftheCompaniesAct2013(‘Act’)readwithCompanies(IndianAccountingStandards)Rules,2015,asamended. ForStyrenixPerformanceMaterialsLimited an\) ~_—-— Place:VadodaraakeshSAgrawal Date:October28,2026 isChairman BIN:00057955 HeadOffice: StyrenixPerformanceMaterialsLimitedStyrenixPerformanceMaterialsLimited CIN;L25200GJ1973PLC002436GIN;L25200GJ1873PLC002436 9thFloor,“Shiva”,9thFloor,“Shiva’, SarabhaiComplex,Dr.VikramSarabhaiMarg,Vadiwadi,:SarabhaiComplex,Dr.VikramSarabhaiMarg,Vadiwadi, Vadodara — 390023,Gujarat,India.Vadodara — 390023,Gujarat,India Tele : +91265-2303201/02Tele : +91265-2303201402 EMall:secshare@styrenix.comEMail:secshare@styrenix.com Website : www.styrenix.comWebsite:www.styrenix.com
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O talati€ tatati Ulp INDIA Chavet ved > Accountants LimitedReviewReportonunauditedconsolidatedfinancialresultsofStyrenix PerformanceMaterialsLimitedforthequarterandhalfyearendedSeptember30, 2026pursuanttoRegulation33oftheSEBI(ListingObligationsandDis Requirements)Regulations,2015,asamended. ReviewReportto BoardofDirectorsof StyrenixPerformanceMaterialsLimited Vadodara, 1)WehavereviewedtheaccompanyingStatementofUnauditedConsolidatedFinancial ResultsofM/s,StyrenixPerformanceMaterialsLimited(“theHoldingCompany")and itssubsidiary(theHaldingC anditsshareofthe n net quarterandhalfyea HoldingCerequirementofRegulation33ofthe ObligationandDisclosure Requicements)Regulavion.20.5(“meListingRegulatior: amended. TheConsoli inancial§ ick istyoftheHoldi company“$ managementandapprovedbytheHal‘ompany’sBoardofDirectors.t ordancewith rurementprincipleslaiddowni ) InterimFinancia!Reporting”asprescribed wnwer§ 0 ampanict,2013readwithrelevantrulesissuedthereunderand otheraccounting hangeBoardof India. Ourresponsibility ontheConsolidatedFinancialStatementbasedonourreview. /econductedourreviewoftheConsolidatedFinancialStatementinaccordancewiththe StandardonReviewEngagement(SRE“ReviewofInterimFinancialin performedbytheIndependentAuditoroftheEntity”issuedbyInstituteofC AccountantsofIndia.Thisstandardrequiresthatweplanandperformthereviewtoobt moderateassuranceastowhetherthestatementisfreefrommaterialmisstatement.A reviewofinterimfinancialinformationconsistsofmakingiinquiriesprimarilyofpersons onsibleforfinancialandaccountingmatters,andapplyinganalyticalandotherreview procedures.Areviewissubstantiallylessinscopethananauditconductedinaccordance withStandardsonAuditingandconsequentlydoesnotenableustoobtainancethat ouldbecomeawareofallsignificantmattersthatmightbeidentifiedinanaudit. y.wedonatexpressanauditopin also Pee Procedures iinacce ‘dancewiththecircularissuedbytheSEB]under a led.totheextentapplicable. 1111,1B,73EastAvenue,SarabhaiCampus,NearGendaCircle,Vadodara-390023. Phone:0265-2355053/73,9924935053E-mail:baroda@talatiandtalati.comWeb:www.talatiandtalati.com Alsoat:AHMEDABAD(079)27544571/72»SURAT(0261)2361236»MUMBAI:(022)26833041 DELHI:(011)41824199*KOCHI:+919995427866
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NameofEntity|Relationshi ormanceMate! 2 |WhollyOwnedSubsidiary nixPerformanceMaterials(Thailand)WhollyOwnedStep-down LimitedSubsidiary edonourreviewconductedandproceduresperformedasstatedinparagraph3above, nothinghascometoourattentionoftheresultsthatcausesustobelievethatthe accompanyingstatementofunauditedconsolidatedfinancialresults,preparedin accordancewiththerecognitionandmeasurementprincipleslaiddownintheaforesaid IndianAccountingStandard(‘IndAS’)specified underSection133oftheCompaniesAct, 2013asamended,readwithrelevantrulesisuedthereunder andotheraccounting nciplesgenerallyacceptedinIndia,has sclo ormationrequiredtobe disclosedintermsofregulation33oftheSEBI(Liing,ObligationandDisclosure Requirements)Regulation,2015,asamended,includingthemannerinwhichitistobe closed,orthatitcontainsanymate! OtherMatter: (a)WedidnotreviewtheinterimfinancialinformationofoneWhollyOwnedStep-down subsidiaryincludedintheconsolidatedunauditedfinancialresults,whoseunaudited interimfinancialresultsreflecttotalrevenueofRs.226.15Crores,totalnetprofit/(loss) aftertaxofRs.(29.62)Croresandtotalcomprehensiveincome/(loss)ofRs.(29.37)Crores forthequarterendedSeptember30,2026,asconsideredintheStatement.Theseinterim financialresultshavebeenreviewed by otherauditorswhosereportshavebeenfurnished tousbytheManagement,andourconclusionontheStatement,insofarasitrelatestothe amountsanddisclosuresincludedinrespectofthissubsidiary,isbasedsolelyonthe reportsoftheotherauditorsandtheprocedur above. (b)TheaccompanyingStatementincludesunauditedinterimfinancialresultsandother financialinformationinrespectofoneWhollyOwnedsubsidiarywhoseunaudited financialresultsincludestotalrevenueRs.0.00OtherIncome22Crore,total netprofit/(loss)aftertaxofRs.0.08Croresandtotalcomprehensiveincome/(lass)ofRs. ‘oresforthequarterendedSeptember30,2026,ascons deredi in thestatementThe ofthesaidsubsidiaryhavenotbeenrevieWw conclusiononthestatement,insofarasitrelatestotheamountsanddiclosuresincluded i S fiedinformationandthe bedinparagraph3above.Accordingtothe informationandex)lanationsgiventousbytheManagement,theseinterimfinancial resultsarenotmate BoththesubsidiariesarelocatedoutsideIndia,andtheirinterimfinancialinformationhas beenpreparedinaccordancewithaccountingprinciplesgenerallyacceptedintheir respectivecountriesandwhichhasbeenreviewed/notreviewedbyotherauditorunder generallyacceptedauditingstandaiplicableinthosecountries,TheParent's managementhasconvertedtheinterimfinancialinformationofsuchsubsidiarieslocated outsideIndiafromaccountingprinciplesgenerallyacceptedintheirrespectivecountries Page2of3we
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toaccountingprinciplesgenerallyacceptedinIndia.Wehavereviewedthes adjustments,ifany,madebytheParent'smanagement.Ourrepartonthe farasitrelatestotheamountsanddisclo: locatedoutsideIndia,isb: adjustmentspreparedbytheParent’smanagementandreviewedbyus. ‘onclusionisnotmodifiedinrespectofthismatter. jati&TalatiLLP teredAccountants 0758W/W100377 CAHetangPandya Partner M.No.188392 Place:Vadodara Date:28"October,2026 UDIN:26158392EZEKYZ6241 ©conversion tatement,inso includedinrespectofthese doaInterimFinancialinform: subsidiari onandthecon Page3of3