Interim report
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Registered Office: Symphony Limited, Symphony House, Third Floor, FP-12, TP-50, Off S.G. Highway, Bodakdev, Ahmedabad - 380 059, India T: +91-79-66211111, F: +91-79-66211139-40 l Email – companysecretary@symphonylimited.com I www.symphonylimited.com CIN - L32201GJ1988PLC010331 October 29, 2026 To, To, National Stock Exchange of India Limited BSE Limited Symbol – Symphony Security Code – 517385 Dear Sir/Madam, Subject: Outcome of the Board Meeting We are pleased to inform you that the Board of Directors has considered and approved the following in their meeting held today: 1. Unaudited Standalone and Consolidated Financial Results an d Limited Review Reports for the second quarter and half year ended on September 30, 2026. 2. Declared 2nd Interim Dividend of ₹ 2/- (100%) per equity share having face value of ₹ 2.00 each for the financial year 2026-27. Kindly consider this as due compliance of Reg ulation 30, 33 and othe r applicable provisions, if any of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 11:35 hours (IST) and concluded at 13:00 hours (IST). Kindly take note of the same and oblige. Yours Truly, For Symphony Limited Mayur Barvadiya Company Secretary and Head – Legal (VP) Encl.: As above
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B S R & Co. LLP Chartered Accountants 903 Commerce House V Near Vodafone House, Prahaladnagar Corporate Road, Ahmedabad 380 051 India Telephone: +91 (79) 7145 0001 Fax: +91 (79) 7145 0050 Registered Office: B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of 3 Limited Review Report on unaudited consolidated financial results of Symphony Limited for the quarter ended 30 September 2026 and year to date results for the period from 1 April 2026 to 30 September 2026 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of Symphony Limited 1. We have reviewed the accompanying Statement of unaudited consolidated financial results of Symphony Limited (hereinafter referred to as “the Parent”), and its subsidiaries (the Parent and its subsidiaries together referred to as “the Group”) for the quarter ended 30 September 2026 and year to date results for the period from 1 April 2026 to 30 September 2026 (“the Statement”), being submitted by the Parent pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). 2. 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, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. 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 circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the entities mentioned in Annexure I to the Statement. 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
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B S R & Co. LLP Limited Review Report (Continued) Symphony Limited Page 2 of 3 6. We did not review the interim financial information of six subsidiaries included in the Statement, whose interim financial information reflect total assets (before consolidation adjustments) of Rs. 353.08 Crores as at 30 September 2026 and total revenues (before consolidation adjustments) of Rs. 108.28 Crores and Rs. 259.61 Crores, total net profit / (loss) after tax (before consolidation adjustments) of Rs. (4.99) Crores and Rs. 43.93 Crores and total comprehensive income / (loss) (before consolidation adjustments) of Rs. (5.09) Crores and Rs 43.04 Crores, for the quarter ended 30 September 2026 and for the period from 1 April 2026 to 30 September 2026 respectively, and cash outflows (net) (before consolidation adjustments) of Rs. 13.78 Crores for the period from 1 April 2026 to 30 September 2026. as considered in the Statement. This interim financial information have been reviewed by other auditors whose reports have been furnished to us by the Parent’s management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion is not modified in respect of this matter. 7. The Statement includes the interim financial information of one subsidiary which has not been reviewed, whose interim financial information reflects total assets (before consolidation adjustments) of Rs 50.95 Crores as at 30 September 2026 and total revenues (before consolidation adjustments) of Rs. 7.01 Crores and Rs. 7.31 Crores, total net loss after tax (before consolidation adjustments) of Rs. 1.53 Crores and Rs. 3.96 Crores and total comprehensive loss (before consolidation adjustments) of Rs. 1.53 Crores and Rs. 3.96 Crores, for the quarter ended 30 September 2026 and for the period from 1 April 2026 to 30 September 2026 respectively, and cash inflow (before consolidation adjustments) of Rs. 2.75 Crores for the period from 1 April 2026 to 30 September 2026, as considered in the Statement. According to the information and explanations given to us by the Parent’s management, these interim financial information are not material to the Group. Our conclusion is not modified in respect of this matter. For B S R & Co. LLP Chartered Accountants Firm’s Registration No.:101248W/W-100022 Mumbai 29 October 2026 Rupen Shah Partner Membership No.: 116240 UDIN:26116240CIQZCU4716
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B S R & Co. LLP Limited Review Report (Continued) Symphony Limited Page 3 of 3 Annexure I List of entities included in unaudited consolidated financial results. Sr. No Name of component Relationship 1 Symphony Limited Parent Company 2 IMPCO S DE RL DE C V., Mexico Subsidiary 3 Guangdong Symphony Keruilai Air Coolers Co. Limited, China Subsidiary 4 Climate Holdings Pty. Ltd. (formerly known as Symphony AU Pty. Limited), Australia Subsidiary 5 Bonaire USA LLC, USA (subsidiary w.e.f 15 May 2026, step down subsidiary upto 14 May 2026) Subsidiary 6 Symphony Climatizadores Ltda, Brazil Subsidiary 7 Dongguan GSK Appliances Co. Ltd., China Step down subsidiary 8 Climate Technologies Pty. Limited, Australia Step down subsidiary
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(₹ in Crores) Year Ended 30-Sep-26 30-Sep-25 30-Jun-26 30-Sep-26 30-Sep-25 31-Mar-26 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Income 275 210 378 a. Revenue from operations 653 560 1,131 3 17 13 b. Other income 16 39 61 278 227 391 To tal Income 669 599 1,192 2 15 32 36 a. Cost of materials consumed 51 96 109 111 80 80 b. Purchase of stock-in-trade 191 208 486 28 (4) 73 c. Changes in inventories of finished goods, work-i n-progress and stock-in-trade 101 (15) (3) 35 35 34 d. Employee benefits expense 69 69 136 1 5 3 e. Finance costs 4 7 16 6 5 6 f. Depreciation and amortisation expense 12 9 20 5 8 42 g. Advertisement and sales promotion expense 47 54 88 45 45 67 h. Other expenses 112 98 191 246 206 341 Total Expenses 587 526 1,043 32 21 50 3 Profit before exceptional items and tax (1-2) 82 73 149 (6) - - 4 Exceptional items (Refer note no. 5) (6) 1 208 38 21 50 5 88 72 (59) 6 Tax expense 9 6 5 a. Current tax 14 16 47 5 (2) 5 b. Deferred tax 10 (3) (9) - - - c. Write-downs of deferred tax assets [Refer note no. 5(iv) ] - - 44 14 4 10 N et tax expense 24 13 82 24 17 40 7 64 59 (141) 8 Other Comprehensive Income Items that will not to be reclassified to profit or loss : (0) (0) (0) (i) Re-measurement gain/(loss) on defined benefit plans (0) (0) (1) 0 0 0 (ii) Income tax effect on above 0 0 0 I tems that will be reclassified to profit or loss : (2) (1) 2 (i) Net fair value gain/(loss) on debt instruments 0 (1) (3) (3) 11 1 (ii) Exchange differences on translation of forei gn operations (2) 25 11 1 0 (1) (iii) Income tax effect on above (0) 0 1 (4) 10 2 Total Other Comprehensive Income/(Loss) for the period/year, net of tax (2) 24 8 20 27 42 9 Total Comprehensive Income/(Loss) for the period/year (7+8) 62 83 (133) 14 14 14 10 14 14 14 11 Reserves excluding Revaluation Reserve 531 12 Earnings Per Share (of ₹ 2/- each )* 3.56 2.51 5.77 Basic & Diluted (₹) 9.33 8.59 (20.54) 0 represents amount less than ₹ 50 lacs. * EPS is not annualised for the quarter/half year ended September 30, 2026, September 30, 2025 and June 30, 2026. NOTES: SYMPHONY LIMITED Statement of the Unaudited Consolidated Financial Results for the Quarter and Six Months ended on September 30, 2026 Six Months Ended Particulars Quarter Ended Sr. No. Expenses 1. The above unaudited consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respec tive meetings held on October 29, 2026. 2. The Statutory auditors of the Parent Company have carried out limited review of the unaudited consolidated financial results for the quarter and six months ended September 30, 2026. The Statutory auditors have expressed an unmodified conclusion. 3. The unaudited consolidated financial results are prepared in accordance with the recognition and measurement principles laid down in Indian Acco unting Standard 34 "Interim financial reporting" as prescribed under Section 133 of the Compani es Act 2013, read with Rule 3 of the Companies (Indian Accou nting Standards) Rule, 2015, as amended. 4. The Board of Directors in their meeting held on October 29, 2026 declared 2nd interim dividend of ₹ 2/- (100%) per equity share of ₹ 2/- each amounting to ₹ 13.73 crores. The record date for the payment of interim dividend is November 04, 2026. 5. (i) During the six months ended September 30,2026, September 30, 2025 and year ended March 31, 2026 the Parent Company has recovered ₹ 5.75 crores, ₹ 4.50 crores and ₹ 8.50 crores respectively against the write-off of ₹ 50.22 crores (during FY 2024-25) towards receivable from M/s Pa thways Retail Pvt Ltd, Delhi and this amount is presented as an exceptional item. Profit/(Loss) before tax (3-4) Net Profit/(Loss) for the period/year (5-6) Paid-up Equity Share Capital (Face Value ₹ 2/- per share) (ii) The Parent Company has provided an incremental liab ility of ₹ 1.40 crores as past service cost on post-employment defined benefits for its employees due to change in definition of wages in 'New Labour Codes' and has been presented as an exceptional item during year ended March 31, 2026. (iii) During the six months ended September 30, 2025 and year ended March 31, 2026, the Group has incurred severance cost ₹3.75 crores payable to few employees and incurred loss of ₹2.30 crores on sale/disposal of certain assets due to closure of manufacturin g site of Climate Technologies Pty Limited, Australia. (iv) During the year ended March 31, 2026, the management decided to impair the goodwill attributable to Climate Holdings Pty Limited (Formerly known as Symphony AU Pty. Limited or “SAPL”) by₹ 173.09 crores as the performance and profitab ility of the CGU was deteriorating with the business significantly underperforming vis-à-vis the business plan and the business synergies envisaged from the inv estment could not be realised despite best efforts of the management. Further, the Company has also i mpaired its property, plant & equipment and intangible assets by ₹ 35.47 crores. The impairment has been first allocated to goodwill balance to reduce it to zero and balance impairment has been allocated towards property, plant & equipment and other intangible assets within the CGU on a pro-rata basis, based on the carrying amount of each asset. The indi vidual assets have not been written down below their respective recoverable values. The deferred tax liab ilities/ (assets) am ounting to ₹ 44.32 crores in its books pertaining to brought forward losses and impairment of non-current assets have been reversed due to recognition of impairment losses.
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9. Segment Results (₹ in Crores) Year Ended 30-Sep-26 30-Sep-25 30-Jun-26 30-Sep-26 30-Sep-25 31-Mar-26 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Segment Revenue 273 220 383 a. Air Cooling and Other Appliances 656 57 6 1,158 5 7 8 b. Corporate Funds 13 23 34 0 - - c. Un-allocable 0 - - 278 227 391 Segment Total 669 599 1,192 2 a. Air Cooling and Other Appliances 29 19 45 Profit before exceptional items, interest and taxes 74 57 132 (6) - - Less: Exceptional items (6) 1 208 35 19 45 Profit/(Loss) after exceptional items and before interest and taxes 80 56 (76) 4 7 8 b. Corporate Funds 12 23 33 0 - - c. Un-allocable 0 - - 39 26 53 Segment Total 92 79 (43) 1 5 3 Less: Finance costs 4 7 16 14 4 10 Less: Net tax expense 24 13 82 24 17 40 Net Profit/(Loss) for the period/yea r 64 59 (141) 3 534 839 595 a. Air Cooling and Other Appliances 534 83 9 755 451 571 339 b. Corporate Funds 451 571 268 11 0 6 c. Un-allocable 11 0 6 - 6 - d. Assets classified as held for sale - 6 - 996 1,416 940 Segment Total 996 1,416 1,029 4 430 634 353 a. Air Cooling and Other Appliances 430 63 4 484 - - - b. Corporate Funds - - - - - - c. Un-allocable - - - 430 634 353 Segment Total 430 634 484 5 Capital Employed (As at period/year end) 104 322 242 a. Air Cooling and Other Appliances 104 32 2 271 451 571 339 b. Corporate Funds 451 571 268 11 0 6 c. Un-allocable 11 0 6 - 6 - d. Assets classified as held for sale - 6 - 566 899 587 Segment Total 566 899 545 10. Geographical Segment (₹ in Crores) Year Ended 30-Sep-26 30-Sep-25 30-Jun-26 30-Sep-26 30-Sep-25 31-Mar-26 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Segment Revenue from operations 161 143 231 a. India 392 344 684 114 67 147 b. Rest of the world 261 216 447 275 210 378 Revenue from operations 653 560 1,131 2 Segment Results (Profit before interest and taxes - PBIT) a. India 30 38 36 Profit before exceptional items, interest and taxes 66 75 154 (6) - - Less: Exceptional items (6) (5) (7) 36 38 36 Profit/(Loss) after exceptional items and before interest and taxes 72 80 161 b. Rest of the world 3 (12) 17 Profit before exceptional items, interest and taxes 20 5 11 - - - Less: Exceptional items - 6 215 3 (12) 17 Profit/(Loss) after exceptional items and before interest and taxes 20 (1) (204) 39 26 53 Segment Total 92 79 (43) 1 5 3 Less: Finance costs 4 7 16 14 4 10 Less: Net tax expense 24 13 82 24 17 40 Net Profit/(Loss) for the period/yea r 64 59 (141) NOTE: Segment Capital Employed : Six Months EndedSr. No. Quarter Ended Particulars Segment Results (Profit before interest and taxes - PBIT) Segment Assets Segment Liabilities Six Months EndedQuarter Ended Sr. No. Particulars Property, plant & equipment used in the Group’s business and liabilities contracted have not been identified with any of the reportable segments, as the Property, plant & equipment and services are used interchangeably between segments. The Group believe s that it is not practical to provide segment disclosu res relating to Capital employed. 8. On May 15, 2026, the Board of Directors approved an internal restructurin g whereby Climate Technologies Pty Limited’s (“CTPL”) transferred its en tire shareholding in its step down subsidiary, Bonaire USA LLC (“Bonaire”), to the Ultimate Parent Company, Symphony Limited. The said transfer was completed during the quarter ended June 30, 2026. This transaction is a common control transaction and an internal reorgani zation within the Group and accordingly, it does not result in any change in t he ultimate ownership or control over CTPL (through Climate Holdings Pty Limited) and Bonaire. As per recognition criteria mentioned in Ind AS-108, Operating Segments, the Group has identified Air Cooling and Other Appliances Business as opera ting segment. However substantial portion of Corporate Funds remained invested in various fi nancial instruments. The Group has cons idered Corporate Funds as a separate s egment so as to provide better understanding of performance of Air Cooling and Other Appliances Business. 6. The Board of Directors, in their meeting held on April 12, 2025, decided to expl ore the divestment of its stakes in wholly owned subsidiaries: (i) Cli mate Holdings Pty Limited, Australia (“CHPL”)(Formerly known as Symphony AU Pty. Limited), and (ii) IMPCO S de R.L. de C.V. (IMPCO), Mexico by appointing investment bankers. Si nce, CHPL and Impco were separate lines of operations which were held for sale by the Group, they were considered as “Discontinued oper ations” in accordance with Ind AS 10 5 and their respective financial results were presented separately as “Profit or loss from disc ontinued operations”, in interim financials results published for the quar ter and six months ended September 30, 2025. Further, the assets and liab ilities held by the aforesaid subsidiaries were classified as 'Assets held for Sale' and 'Liabilities associated with Assets held for sale' in the Interim Consolidated Statement of Assets and Liabilities published during the previous year. Despite sustained efforts by the management, no formal proposal was receive d as per the expectation of the Group or strategic considerations. Consid ering the rapidly evolving geopolitical landscape, the Board in its meeting dated January 28, 2026, decided to roll back the divestment proces s for these subsidiaries. Accordi ngly, CHPL and IMPCO are no longer considered as "Discontinued Operations" as the divestment in thes e subsidiaries is no longer considered highly probable within a period of 12 months, the management is no longer committed to a plan to divest the said investments and the said investments are not actively marketed for sale. Accordingly, in the comparative Consolidated Financial Results for the quarter and six months ended September 30, 2025, the operations of the said subsidiaries have been reclassified and presented as part o f "Profit/(Loss) before tax". The assets and liabilities of the said subsidiaries, previously classified as "Assets held for sale" and "Liabilities associated with Assets held fo r sale", have been reclassified to their respective original line items in the Consolidated Statement of Assets and Liabilities. The said reclassification has no impact on the total profit/ loss, total comprehensive income, or the net assets of the Group for the quarter and six months ended September 30, 2025. 7. During the quarter and six months ended September 30, 2026, the Parent Company has acquired office premises from promoters of M/s Pathways Retail Pv t Ltd, Delhi worth ₹ 5.57 crores and has been adjusted (net of expenses) against the amount recoverable from M/s Pathways Retail Pvt Ltd, Delhi and have classified the said property under investment property.
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11. Consolidated Statement of Assets & Liabilities (₹ in Crores) A ASSETS 1 Non-current assets (a) Property, plant and equipment 112 109 (b) Right-of-use asset 22 27 (c) Investment Property (Refer note no. 7) 11 6 (d) Other intangible assets 25 29 (e) Intangible assets under development 0 - (f) Financial Assets (i) Other investments 159 155 (ii) Other financial assets 0 0 (g) Deferred Tax Assets (Net) 2 7 (h) Other non-current assets 4 5 Total Non-current assets 335 338 2 Current assets (a) Inventories 218 312 (b) Financial assets (i) Other investments 293 114 (ii) Trade receivables 65 151 (iii) Cash and cash equivalents 27 50 (iv) Bank balances other than (iii) above 3 3 (v) Other financial assets 2 2 (c) Current tax assets (Net) 2 1 (d) Other Current Assets 51 58 Total Current assets 661 691 Total Assets 996 1,029 B EQUITY AND LIABILITIES 1E q u i t y (a) Equity share capital 14 14 (b) Other equity 552 531 Total Equity 566 545 2 Non-current liabilities (a) Financial liab ilities (i) Lease liabilities 13 17 (b) Provisions 13 13 (c) Deferred tax liabilities (Net) 4 - Total Non-current liabilities 30 30 3 Current liabilities (a) Financial liab ilities (i) Borrowings 23 144 (ii) Lease liabilities 10 12 (iii) Trade payables - Total outstanding dues of micro enterprises and small enterpris es 7 6 - Total outstanding dues of creditors other than micro ent erprises and small enterprises 134 123 (iv) Other financial liab ilities 27 26 (b) Other current liabilities 175 115 (c) Provisions 23 23 (d) Current tax liabilities (Net) 1 5 Total Current liabilities 400 454 Total Liabilities 430 484 Total Equity and Liabilities 996 1,029 As At 31-03-26 (Audited) As At 30-09-26 (Unaudited) Sr. No. Particulars
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12. Consolidated Statement of Cash Flows (₹ in Crores) 30-Sep-26 30-Sep-25 CASH FLOW FROM OPERATING ACTIVITIES Profit before tax 88 72 Adjustments For: Depreciation and amortization expenses 12 9 Finance costs 4 7 Mark to Market loss on derivative instruments 2 1 Interest Income (2) (1) Net gain on disposal of financial instruments designated at FVTPL (3) (3) Net gain on financial instruments mandatorily measured at FVTPL (9) (19) Unrealised foreign exchange loss (4) (2) Allowances for credit losses on trade receivables (6) 1 Provision for impairment of Property, plant and equipment 5 - (Gain)/Loss on disposal of property, plant and equipment (0) 0 Operating Profit Before Working Capital Changes 87 65 Movements in working capital: Decrease in trade and other receivables 86 112 Decrease/(Increase) in inventories 95 (7) Decrease/(Increase) in other assets 7 (26) Increase/(Decrease) in trade payables 11 (47) Increase in other liabilities 59 31 Decrease in provisions (1) (5) Cash Generated from Operations 344 123 Income taxes paid (18) (19) A. Net Cash Generated from Operating Activities 326 104 CASH FLOW FROM INVESTING ACTIVITIES Purchase of property, plant and equipment (including int angible assets, capital advances and capital creditors) (6) (12) Proceeds from disposal of property, plant and equipment 0 4 Rent received on leased assets - 2 Interest received 2 1 Payments to acquire investment in mutual fund (net) (172) (110) Investment in non-current investments (0) (0) B. Net Cash Used in Investing Activities (176) (115) CASH FLOW FROM FINANCING ACTIVITIES Dividend paid on equity shares (41) (62) Repayment of lease liabilities (7) (7) (Repayment)/Proceeds from borrowings (121) 74 Finance cost paid (4) (7) C. Net Cash Used in Financing Activities (173) (2) Net (Decrease)/Increase in Cash & Cash Equivalents (A+B+C) (23) (13) Cash & Cash Equivalents at the beginning of the period 50 35 Cash & Cash Equivalents at the end of the period 27 22 By Order Of The Board For Symphony Limited Achal Bakeri Place : Ahmedabad Chairman & Managing Director Date : October 29, 2026 DIN-00397573 Particulars Six Months Ended (Unaudited) (Unaudited)
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B S R & Co. LLP Chartered Accountants 903 Commerce House V Near Vodafone House, Prahaladnagar Corporate Road, Ahmedabad 380 051 India Telephone: +91 (79) 7145 0001 Fax: +91 (79) 7145 0050 Registered Office: B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of 1 Limited Review Report on unaudited standalone financial results of Symphony Limited for the quarter ended 30 September 2026 and year to date results for the period from 1 April 2026 to 30 September 2026 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of Symphony Limited 1. We have reviewed the accompanying Statement of unaudited standalone financial results of Symphony Limited (hereinafter referred to as “the Company”) for the quarter ended 30 September 2026 and year to date results for the period from 1 April 2026 to 30 September 2026 (“the Statement”). 2. This Statement, which is the responsibility of the Company’s management and approved by its 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, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”). Our responsibility is to issue a report 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. 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. 4. 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 Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For B S R & Co. LLP Chartered Accountants Firm’s Registration No.:101248W/W-100022 Rupen Shah Partner Mumbai Membership No.: 116240 29 October 2026 UDIN:26116240MDNHLN9660
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(₹ in Crores) Year Ended 30-Sep-26 30-Sep-25 30-Jun-26 30-Sep-26 30-Sep-25 31-Mar-26 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Income 170 155 241 a. Revenue from operations 411 384 765 5 13 11 b. Other income 16 35 58 175 168 252 Total Income 427 419 823 2 97 51 73 a. Purchase of stock-in-trade 170 153 372 (5) 29 45 b. Chan ges in inventories of stock-in-trade 40 40 30 20 21 19 c. Em ployee benefits expense 39 41 80 0 0 0 d. Finance costs 0 0 0 2 2 2 e. De preciation and amortisation expense 4 3 6 4 6 39 f. Advertisement and sales promotion expense 43 50 75 24 21 37 g. Other ex penses 61 50 96 142 130 215 Total Expenses 357 337 659 33 38 37 3 Profit before exceptional items and tax (1-2) 70 82 164 (6) - - 4 Exceptional items (Refer note no. 5) (6) (5) 291 39 38 37 5 76 87 (127) 6 Tax ex pense 9 9 6 a. Current tax 15 17 44 1 1 3 b. Deferred tax 4 5 (5) 10 10 9 Net tax expense 19 22 39 29 28 28 7 57 65 (166) 8 Other Comprehensive Income Items that will not to be reclassified to profit or loss : - (0) - (i) Re-measurement loss on net defined benefit plans - (0) 0 - 0 - (ii) Income tax effect on above - 0 (0) Items that will be reclassified to profit or loss : (2) (1) 2 (i) Net fair value gain/(loss) on debt instruments 0 (1) (3) 1 0 (1) (ii) Income tax effect on above (0) 0 1 (1) (1) 1 Total Other Comprehensive Income/(Loss) for the period/year, net o f tax 0 (1) (2) 28 27 29 9 Total Comprehensive Income/(Loss) for the period/year (7+8) 57 64 (168) 14 14 14 10 14 14 14 11 Reserves excluding Revaluation Reserve 506 12 Earnings Per Share (of ₹ 2/- each )* 4.14 4.07 4.09 Basic & Diluted (₹) 8.23 9.52 (24.20) 0 represents amount less than ₹ 50 lacs. * EPS is not annualised for the quarter/half year ended September 30, 2026, September 30, 2025 and June 30, 2026. NOTES: SYMPHONY LIMITED Statement of the Unaudited Standalone Financial Results for the Quarter and Six Months ended on September 30, 2026 Particulars Six Months EndedQuarter Ended Sr. No. (ii) The company has provided an incremental liability of₹ 1.40 crores as past service cost on post-employment defined benefits for its employees due to change in definition of wages in 'New Labour Codes' and has been presented as an exceptional item during year ended March 31, 2026. Expenses Profit/(Loss) before tax (3-4) Net Profit/(Loss) for the period/year (5-6) Paid-up Equity Share Capital (Face Value ₹ 2/- per share) 1. The above unaudited standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on October 29, 2026. 2. The Statutory auditors of the Company have carried out limited review of the unaudited standalone financial results for the quarter and six months e nded September 30, 2026. The Statutory auditors have expressed an unmodified conclusion. 3. The unaudited standalone financial results are prepared in accordance with the recognition and measurement principles laid down in Indian Accoun ting Standard 34 "Interim financial reporting" as prescribed under Section 133 of the Companies Act 2013, read with Rule 3 of the Companies (Indian Accounting Standar ds) Rule, 2015, as amended. 4. The Board of Directors in their meeting held on October 29, 2026 declared 2nd interim dividend of₹ 2/- (100%) per equity share of₹ 2/- each amounting to ₹ 13.73 crores. The record date for the payment of interim dividend is November 04, 2026. 5. (i) During the six months ended September 30,2026, September 30, 2025 and year ended March 31, 2026 the Company has recovered ₹ 5.75 crores, ₹ 4.50 crores and ₹ 8.50 crores respectively against the write-off of ₹ 50.22 crores (during FY 2024-25) towards receivable from M/s Pathways Retail Pvt Ltd, Delhi and this amount is presented as an exceptional item. (ii) On May 15, 2026, the Board of Directors approved the transfer of certain intellectual properties (“IP”) i.e. patents, trademarks and commercial designs owned by Climate Technologies Pty Limited (“CTPL”) to the Ultimate Parent Company, Symphony Limited. The agreement is executed and the related payment was completed during the quarter ended June 30, 2026. (iii) During the year ended March 31, 2026, the Company’s management calculated the value in use of its investment in Climate Holdings Pty Limited, Aus tralia (“CHPL”) (Formerly known as Symphony AU Pty. Limited) to determine the recoverable value, in line with Ind AS 36 - Impairment of Assets. After careful considera tion of various factors, the management believes that the value of its investment in CHPL (gross carrying amount of ₹ 348.27 crores) shall be fully impaired resulting in an impairment loss for the year ended March 31, 2026 ₹ 298.12 crores (in addition to ₹ 50.15 crores which was impaired in FY 2024-2025) and presented as an exceptional item. 6. The Company's Board of Directors, in their meeting held on April 12, 2025, announced a strategic initiative to explore the divestment of its stakes i n wholly owned subsidiaries: (i) Climate Holdings Pty Limited (“CHPL”) (Formerly known as Symphony AU Pty. Limited), and (ii) IMPCO S de R.L. de C.V. (“IMPCO”) in Mexico. Accordingly, investments made by the Company in CHPL and IMPCO were classified as 'Assets held for Sale' amounting to ₹ 133.76 crores (Net of impairment provision of ₹ 50.15 crores) in the Interim unaudited standalone financial results of the Company published for the quarter and six months ended September 30, 2025. Despite sustained efforts by the management, no formal proposal was received as per the expectation of the Company or strategic considerations. Cons idering the rapidly evolving geopolitical landscape, the Board in its meeting dated January 28, 2026, decided to roll back the divestment process for these subsidiaries . Accordingly, the investments in wholly owned subsidiaries no longer meet the ‘Held for sale’ criteria as the divestment in these subsidiaries is not highly probable within a period of 12 months and the management is not committed to a plan to sell the investment and it is not actively marketed for sale, hence the investments are reclassified at its carrying amounts. 8. (i) On May 15, 2026, the Board of Directors approved an internal restructuring whereby Climate Technologies Pty Limited’s (“CTPL”) transferred its entire shareholding in its step down subsidiary, Bonaire USA LLC (“Bonaire”), to the Ultimate Parent Company, Symphony Limited. The said transfer was completed during the quarter ended June 30, 2026. This transaction is a common control transaction and an internal reorganization within the Group and accordingly, it does not result in any change in the ultimate ownership or control over CTPL (through Climate Holdings Pty Limited) and Bonaire. 7. During the quarter and six months ended September 30, 2026, the Company has acquired office premises from promoters of M/s Pathways Retail Pvt Ltd, D elhi worth ₹ 5.57 crores and has been adjusted (net of expenses) against the amount recoverable from M/s Pathways Retail Pvt Ltd, Delhi and have classified the said property under investment property.
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9. Segment Results (₹ in Crores) Year Ended 30-Sep-26 30-Sep-25 30-Jun-26 30-Sep-26 30-Sep-25 31-Mar-26 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Segment Revenue 167 159 242 a. Air Cooling and Other Appliances 409 389 777 5 7 8 b. Corporate Funds 13 23 34 3 2 2 c. Un-allocable 5 7 12 175 168 252 Segment Total 427 419 823 2 a. Air Cooling and Other Appliances 26 29 27 Profit before exceptional items, interest and taxes 53 52 117 (6) - - Less: Exceptional items (6) (5) (7) 32 29 27 Profit after exceptional items and before interest and taxes 59 57 124 4 7 8 b. Corporate Funds 12 23 33 3 2 2 c. Un-allocable 5 7 (284) 39 38 37 Segment Total 76 87 (127) 0 0 0 Less: Finance costs 0 0 0 10 10 9 Less: Net tax expense 19 22 39 29 28 28 Net Profit/(Loss) for the period/year 57 65 (166) 3 221 266 237 a. Air Cooling and Other Appliances 221 266 321 451 571 339 b. Corporate Funds 451 571 268 130 210 114 c. Un-allocable 130 210 99 - 6 - d. Assets classified as held for sale - 6 - 802 1,053 690 Segment Total 802 1,053 688 4 266 280 140 a. Air Cooling and Other Appliances 266 280 168 - - - b. Corporate Funds - - - - - - c. Un-allocable - - - 266 280 140 Segment Total 266 280 168 5 Capital Employed (As at period/year end) (45) (14) 97 a. Air Cooling and Other Appliances (45) (14) 153 451 571 339 b. Corporate Funds 451 571 268 130 210 114 c. Un-allocable 130 210 99 - 6 - d. Assets classified as held for sale - 6 - 536 773 550 Segment Total 536 773 520 10. Geographical Segment (₹ in Crores) Year Ended 30-Sep-26 30-Sep-25 30-Jun-26 30-Sep-26 30-Sep-25 31-Mar-26 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Segment Revenue from operations 161 143 231 a. India 392 344 684 9 12 10 b. Rest of the world 19 40 81 170 155 241 Revenue from operations 411 384 765 2 Segment Results (Profit before interest and taxes - PBIT) a. India 30 38 36 Profit before exceptional items, interest and taxes 66 75 154 (6) - - Less: Exceptional items (6) (5) (7) 36 38 36 Profit after exceptional items and before interest and taxes 72 80 161 b. Rest of the world 3 (0) 1 Profit before exceptional items, interest and taxes 4 7 10 - - - Less: Exceptional items - - 298 3 (0) 1 Profit after exceptional items and before interest and taxes 4 7 (288) 39 38 37 Segment Total 76 87 (127) 0 0 0 Less: Finance costs 0 0 0 10 10 9 Less: Net tax expense 19 22 39 29 28 28 Net Profit/(Loss) for the period/year 57 65 (166) NOTE: Segment Capital Employed : Property, plant & equipment used in the Company’s business and liabilities contracted have not been identified with any of the reportable segments, a s the Property, plant & equipment and services are used interchangeably between segments. The Company believes that it is not practical to provide segment disclosures rela ting to Capital employed. Particulars Six Months EndedQuarter Ended Sr. No. As per recognition criteria mentioned in Ind AS-108, Operating Segments, th e Company has identified Air Cooling and Other Appliances Business as ope rating segment. However substantial portion of Corporate Funds remained invested in various financial instruments. The Company has considered Corporate Funds as a separate segment so as to provide better understanding of performance of Air Cooling and Other Appliances Business. Quarter Ended Segment Results (Profit before interest and taxes - PBIT) Segment Assets Segment Liabilities Six Months Ended ParticularsSr. No.
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11. Standalone Statement of Assets & Liabilities (₹ in Crores) A ASSETS 1 Non-current assets (a) Property, plant and equipment 92 90 (b) Investment Property (Refer note no. 7) 11 6 (c) Other intangible assets 23 1 (d) Intangible assets under development 0 - (e) Financial Assets (i) Investments a) Investments in subsidiaries 31 2 b) Other investments 159 155 (ii) Loans 59 44 (iii) Other financial assets 0 0 (f) Deferred Tax Assets (Net) - 0 (g) Other non-current assets 3 4 Total Non-current assets 378 302 2 Current assets (a) Inventories 58 97 (b) Financial assets (i) Other investments 292 114 (ii) Trade receivables 4 83 (iii) Cash and cash equivalents 17 18 (iv) Bank balances other than (iii) above 2 2 (v) Loans 29 46 (vi) Other financial assets 1 2 (c) Other Current Assets 21 24 Total Current assets 424 386 Total Assets 802 688 B EQUITY AND LIABILITIES 1E q u i t y (a) Equity share capital 14 14 (b) Other equity 522 506 Total Equity 536 520 2 Non-current liabilities (a) Deferred tax liabilities (Net) 4 - Total Non-current liabilities 4 - 3 Current liabilities (a) Financial liabilities (i) Trade payables - Total outstanding dues of micro enterprises and small enterprises 7 6 - Total outstanding dues of creditors other than micro enterprises and small enterprises 65 40 (ii) Other financial liabilities 21 19 (b) Other current liabilities 154 87 (c) Provisions 14 14 (d) Current tax liabilities (Net) 1 2 Total Current liabilities 262 168 Total Liabilities 266 168 Total Equity and Liabilities 802 688 Sr. No. As At 30-09-26 (Unaudited) As At 31-03-26 (Audited) Particulars
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(₹ in Crores) 30-Sep-26 30-Sep-25 CASH FLOW FROM OPERATING ACTIVITIES Profit before tax 76 87 Adjustments For: Depreciation and amortization expenses 4 3 Finance costs 0 0 Mark to Market loss on derivative instruments 2 0 Interest Income (3) (4) Net gain on disposal of financial instruments designated at FVTPL (3) (3) Net gain on financial instruments mandatorily measured at FVTPL (9) (19) Unrealised foreign exchange loss/(gain) (11) (4) Realised foreign exchange gain on loan to subsidiaries (6) - Allowances for credit losses on trade receivables (6) (5) Provisions / Liabilities no longer required written back (0) (0) Receivables / Advances written off 0 0 Loss on disposal of property, plant and equipment 0 0 Operating Profit Before Working Capital Changes 44 55 Movements in working capital: Decrease in trade and other receivables 89 57 Decrease in inventories 39 40 Decrease/(Increase) in other assets 3 (23) Increase/(Decrease) in trade payables 27 (40) Increase in other liabilities 68 42 Increase/(Decrease) in provisions 0 (3) Cash Generated from Operations 270 128 Income taxes paid (16) (15) A. Net Cash Generated from Operating Activities 254 113 CASH FLOW FROM INVESTING ACTIVITIES Purchase of property, plant and equipment (including intangible assets, capital advances and capital creditors) (27) (10) Proceeds from disposal of property, plant and equipment 0 - Interest received 1 1 Payments to acquire investment in mutual fund (net) (171) (106) Investment in non-current investments (0) (0) Investment in Subsidiary (29) - Loan given to Subsidiaries (13) (32) Loan received back from Subsidiaries 25 88 B. Net Cash Used in Investing Activities (214) (59) CASH FLOW FROM FINANCING ACTIVITIES Finance cost paid (0) (0) Dividend paid on equity shares (41) (62) C. Net Cash Used in Financing Activities (41) (62) Net (Decrease)/Increase in Cash & Cash Equivalents (A+B+C) (1) (8) Cash & Cash Equivalents at the beginning of the period 18 19 Cash & Cash Equivalents at the end of the period 17 11 By Order Of The Board For Symphony Limited Achal Bakeri Place : Ahmedabad Chairman & Managing Director Date : October 29, 2026 DIN-00397573 12. Standalone Statement of Cash Flows Particulars Six Months Ended (Unaudited) (Unaudited)