Interim report
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ni\ 101\Tl\l\I r. 1 f"\Rl>I \A/IOI= I IMITl=n Thanking you, Yours faithfully, Kindly take the above information on your record. 1. The Board of directors of the Company in their meeting held today, which commenced at 02.30 pm and concluded at 03 :5.S- Pmat Registered Office of the Company, have approved and taken on record the Unaudited Standalone and Consolidated Financial Results of the Company for the Quarter ended on 30th September , 2026 and taken on record the Limited Review Report thereon, issued by M/s Fadnis & Gupte LLP, Chartered Accountant, Statutory auditor of the Company. Copy of the said financial results and review reports are enclosed herewith. In continuati on of our letter dated 13th October, 2026, we would like to inform you the following Dear Sir Sub: Outcome of the Board meeting To National Stock Exchange of India Limited 'Exchange Plaza', C-1, Block G, Bandra Kurla Complex , Bandra (E), Mumbai - 400 051 Symbol- RAJRATAN To BSE Limited Phiroze Jeejeebho y Towers Dalal Street Mumbai 400001 Scrip Code - 517522 21th October, 2026 RGWL /25-26/ THAILAN D INDIA OUTPERFORM RAJRATAN
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( STANDALONE CONSOLIDATED Sr. Quarter Ended Half Vear ended Vear ended Quarter Ended Half Vear ended Vear ended Particulars No. 30.09.2026 30 .06.2026 30.09.2025 30.09.2026 30.09 .2025 31.03 .2026 30.09.2026 30.06.2026 30.09 .2025 30.09.2026 30.09 .2025 31.03.2026 Unaud ited Unaudited Unaudited Unaud ited Unaudited Audited Unaud ited Unaudited Unaud ited Unaudited Unaudit ed Audited 1 Revenue (i) Revenue from operat ions 22,184 19,44 1 1 9,006 41,625 34,84 4 72,150 37,083 31,835 29,417 68,9 18 54,068 1,15,65 0 (ii) Other income 346 123 148 469 200 585 66 340 144 406 248 577 Total Revenue {i+ii) 22,530 19,564 19,154 42,094 35,044 72,735 37,149 32,175 29 ,561 69 ,324 54 ,316 1,16,227 2 Expen ses (a) Cost of materi als cons umed 14,034 12,907 10,594 26,941 20,781 43,268 22,763 21,162 17,579 43,925 33,884 70,390 (b) Purchases of Stock-in-tr ade - - 2 - 19 41 - - - - - (c) Changes in Invento ries o f Finished Goods, Stock-in-Trade and Work-in-Progress (334) (1,219) 332 (1,553 ) (967) 209 (129) (1,959) (708) (2,088 ) (2,148) (45) (d) Employee benefit expenses 1,028 1,009 900 2,037 1,784 3,689 1,529 1,531 1,346 3,060 2,635 5,458 (e) Finance cost 591 64 1 654 1,232 1,260 2,397 700 745 771 1,445 1,507 2,843 (f) Depreciat ion and amortisation expe nses 428 429 401 857 8 07 1,643 761 751 692 1,512 1,371 2,820 (g) Other expe nses 4,524 3,931 4,580 8,455 8,232 15,521 8,341 6,930 7,198 15,271 12,601 25,8 52 Total expenses 20,271 17,698 17,463 37,969 31,916 66,768 33,965 29,160 26,878 63 ,125 49,850 1,07,318 3 Profit/ {Loss) before exceptiona l items and tax 2,259 1,866 1,691 4 ,125 3,128 5,967 3,184 3,015 2,683 6,199 4 ,466 8,909 (1-2) ' 4 Exceptiona l i tems - - - - - - - - - - - - 5 Profit/ (Loss) befo re ta x (3+4} 2 ,259 1,866 1,691 4 ,125 3 ,128 5,967 3,184 3,015 2,683 6,199 4,466 8,909 6 Tax Expenses (i) Current Tax 345 355 305 700 566 986 532 589 491 1,121 806 1,395 (ii) Deferred Tax 238 130 138 368 253 503 238 130 137 368 253 5 03 Total Tax Expenses (i+ii+iii) 583 485 443 1,068 819 1,489 770 719 628 1,489 1,059 1,898 Net Profit/{Loss) for the period from 1,676 1,381 2,296 7 cont inuing operat ions {5-6} 1,248 3,057 2,309 4,478 2,414 2,055 4,710 3,407 7,011 RAJRATAN GLOBAL WIRE LTD. STATEMENT OF STANDALONE AND CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF VEAR ENDED 30TH SEPTEMBER, 2026 {Rs. In Lakhs) Except per share data
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STANDALONE CONSOLIDATED Sr. Quarter Ended Half Year ended .Year ended 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 30.09.2026 30.06.2026 30 .09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudited Unaudi ted Unaudited Unaudited Unaudited Audit ed Unaudited Unaudited Unaudited Unaudited Unaudited Audited 8 Profitt/ (Loss) for the peri od from discontinued ope ration s - - - - - - - - - - Tax: fa penses of discontinued o perations - - - (i) Curre nt Tax - - - - - - - - (ii) :Oieferr ed Tax - - - - - - Net Prof it/(Loss) for th e per iod from - - - - - - - - disc:CJ~timued operation s after Tax - - 9 Net Prof it/(Loss) for the period (7+8) 1,676 1,381 1,248 3,057 2,309 4,478 2,414 2,296 2,055 4 ,710 3,407 7,011 10 Other Comprehensive Income a Item s that will not be reclassified to Profit and Loss i Acturial Gain/ (Loss) on Remeasurements of (11) (10) (3) defined benefit plans (12) (10) (3) (22) (6) 84 (21) (6) 84 b Item s t hat will be reclassified to Profit and Loss - - - - - - - - - - - - i Exchange Difference on Translation of foreign (213) (76) operati on - - - - - - 137 950 1,983 3,066 11 Totall co mprehen sive Income for the Period 1,665 1,371 1,245 3,036 2,303 4 ,562 2 ,540 2,073 3,002 4 ,613 5,384 10,161 (9+111} 12 Tot a lce mprehen sive Income att ributable to - - - - - - - - - - - - Pare flt . 2,540 2,073 3,002 4,613 5,384 10,161 - - - - Non Coritrolling Intere st - - - - - - - - - - 13 Paid up Equit y Share Capital (face Value Rs.2/- Per Share) 1,015 1,015 1,015 1,015 1,015 1,015 1,015 1,015 1,015 1,015 1,015 1,015 14 Ear.ming; per share (of Rs.2/ - each)-for cont in<wing Operation s (not annualised] a) Basic 3.30 2.72 2.46 6.02 4.55 8.82 4.75 4.52 4 .05 9.28 6.71 13.81 b) Di luted 3.30 2.72 2.46 6.02 4.55 8.82 4.75 4.5 2 4.05 9.28 6 .71 13.81
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Date:-21st October , 2026 Place:- INDORE DIN :00144786 r Particulars Quarter Ended Half Year ended Year ended 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 With in India 20,320 17,362 17,200 37,682 31,751 63,611 Rest of the World 16,763 14,473 12,217 31,236 22,317 52,039 Total 37,083 31,835 29,417 68,918 54 ,068 1,15,650 (Rs.in Lakhs) Secondary Segment Informat ion: 1 Segment Revenue - External Turnover Notes: 1 The above standalone and consolidat ed financial- results of the Company for the quarter and half year ended September 30, 2026 have been reviewed by the Audit Comm ittee and taken on record and approved by t he Board of Direcors at th eir respective meet ings held on October 21,2026. the staturory audito rs of the company have review ed the se standalone and consolidated finan cials results pur suant to Regulations 33 of SE~l(Listing obligation and Discloser Requirements)Regulation 2015, as amended. 2 The above financial results have been prepared in accordance with t he recognit ion and measurement principles stat ed therein prescribed under Sectio n 133 of the Companies Act 2013 read with the relevant rules issued thereunder and ot her accounting principles generally accepted in India and in compliance with Regulati on 33 of the Listing Obligations and Disclosures Requirement s. 3 Segment Reporting The Company has identified "Tyre Bead Wire" as t he single operating segment for the cont inued operations in the standalo ne and consolidated financial statem ent as per lndAS 108 - Operating Segments. The Company has reporte d segment informatio n on consolidat ed basis including business conduct ed through its subsid iaries. STANDALONE CONSOLIDATED Sr. Quarter Ended Half Year ended Year ended Quarter Ended Half Year ended Year ended Particulars No. 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Unaudited Unaudited Unaudited Unaudited Unaudited Audited Earning per share (of Rs.2i- each)-for Discontinuing,Operations (not annualised) a) Basic - - - - - - - - - - - b) Diluted - - - - - - - - - - - Earning per share (of Rs.2/- each)-for I continuing and Discontinuing Operations (not annualised) a) Basic 3.30 2.72 2.46 6.02 4.55 8.82 4.75 4.5 2 4.05 9.28 6.71 13.81 b) Diluted 3.30 2.72 2.46 6.02 4.55 8.82 4.75 4.52 4.05 9.28 6.71 13.81
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Date:-21st Oc tober -2026 Place:- INDORE (Rs In Lakhs) RAJRATAN GLOBAL WIRE LTD. Unaudited Statement of Assets And Laibilities as at September 30, 2026 Particulars STANDALONE CONSOLIDATED As on Ason As on As on 30.09.2026 31.03 .2026 30.09.2026 31.03.2026 Unaudited Audited Unaudited Audited A. ASSETS 1 Non-Current assets (a) Property, plant and equipment 40,207 38,484 64,635 61,681 (b) Capital work-in-progress 9,035 6,889 11,535 8,813 (c) Goodw ill 10 10 10 10 (d) Other Intangib le assets 25 27 226 209 (e) Other Intangible assets under development 5 5 5 5 (f) Financial Assets (i) Investments 5,290 5,234 200 144 (ii) Other financial assets 668 602 861 603 (f) Other non -Current assets 322 1,203 322 1,329 Total non-Current assets 55,562 52,454 77,794 72,794 2 Current assets (a) Inventories 9,732 6,007 14,037 10,419 (b) Financial Assets (i) Trade recievables 20,079 18,799 28,209 25,535 (ii) Cash and cash equivalents 731 524 3,285 2,251 (iii) Bank balances other than (ii) above 1,501 1,448 1,512 1,458 (iv) Other financial assets 76 25 76 25 (v) current tax assets - - - 9 (c) Other current assets 2,396 2,699 3,536 3,409 Total current assets 34,515 29,502 50,655 43,106 I TOTAL ASSETS 90,077 81,956 1,28,449 1,15,900 B. EQUITY AND LIABILITIES Equity (a) Equity share capital 1,015 1,015 1,015 1,015 (b) Other equity 43,36 1 41,34 0 67,627 64,029 Total Equity 44,376 42,355 68,642 65,044 LIABILITIES 1 NON CURRENT LIABILITIES (a) Financial liabilities (i) Borrowings 12,134 12,846 12,994 12,933 (c) Provisions 12 12 84 81 (b) Deferred tax liabilities (Net) 2,639 2,270 2,639 2,270 Total Non-Current liabilities 14,785 15,128 15,717 15,284 2 Current liabilities (a) Financial liabilities (i) Borrowings 19,219 14,754 28,395 19,457 (ii) Trade payables (a) tota l outstandi ng dues of micro enterprise 305 92 - - and small enterpr ises (b) total outstan ding dues of creditors other 8,962 8,022 12,534 13,914 t han micro enterprise and small enterprises (iii) Other financ ial liabilities 1,945 1,066 1,949 1,123 (b) Other current liabilities 136 357 343 576 (c) Provisions 224 151 281 234 (d) Current Tax Liabilities (Net) 125 31 588 268 Total current liabilities 30,916 24,473 44,090 35,572 Total liabilities 45,701 39,601 59,807 50,856 TOTAL EQUITY AND LIABILITIES 90,077 81,95 6 1,28,449 1,15,900 - ~ . --..
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For and on behalf of board .' . /A ~~~ " -. ·,,. ·o"e> i-i,/ : ........... Rajratan GI al Wire Limited ~ v.~ -:..._ e, , lf lf.· ~ »: \ '<::- - \ 1 I\ A !NI~ '(' 'i ~ JV v "Jb/ -. 6 .....:&.. ..... 2,660 27S 3,323 3,83S (2,274) (2,428) (1,223) (1,327) 6,S14 13,1S4 (1,474) (1,507) (1,01S) (1,01S) (5) 18 6,505 11,006 1,034 1,232 2,2S1 1,111 3,285 2,342 (SOD) (100) 500 2 11 (S6) 327 1,007 (339) (6,332) (4,789) 6,200 4,467 1,S12 1,371 10 (9) 1,445 1,S07 (S7) (SO) 63 4 (O) (66) (134) 9,107 7,155 (3,618) (2,301) (2,671) (4,838) (386) (833) 39 622 (128) 28 118 (1,380) (3,S9S) (1,484) (1,260) 1,430 l,2SO 4 10 1,653 (4,382) (792) (603) 861 (4,985) (7,644) (4,406) 31 44 Period Ended September 30,2025 Period Ended September 30,2026 Unaudited Unaudited CONSOLIDATED (INR in Lakhs) STANDALONE Unaudited Unaudited Part iculars Period Ended Period Ended September 30,2026 September 30,2025 A. Cash flow fr om operati ng activitie s Profit before tax 4,125 3,128 Adjustments to reconcile profit before tax to net cash flows: Depreciation and amortisat ion expense 857 807 Net (gain) I loss on sale/wr ite off /im pairment of property, plant (2) (9) and equipment and other intangible assets Finance costs 1,232 1,260 Interest income (S7) (SO) Provision I write off I (reversal) for doubtful trade receivables I 36 4 advances/ other receivable Sundry balances wr itten back, net - Net foreign exchange differences (unrealised) (S8) (110) Operatin g profit before work ing capital changes 6,134 5,031 Movements in working capital: (Increase)/ decrease in invento ries (3,724) (1,813) (Increase)/ decrease in trade receiva bles (1,2S8) (4,348) (Increase)/ decrease in other assets 237 (139) (Increase)/ decrease in other bank balances - Increase/ (decrease) in other liabilities 634 (177) Increase/ (decrease) in provisions Sl S7 Increase/ (decrease) in trade payables 1,153 (1,016) Bank Balances not considered as cash & cash equivalents: Fixed Deposits/ Margin money placed (1,473) (1,2S1) Fixed Deposits/M argin money matured 1,420 1,241 Interest on Fixed Deposit Received 4 10 Cash generated from I (used in) operations 3,176 (2,405) Income tax (paid) I refund received (including interest on refunds) (60S) (S27) Net cash generated fro m/ (used in) operating activit ies (A) 2,571 (2,932) B. Cash flo w from investing activit ies Payments for purchase of property, plant and equipment (including (S,08S) (3,072) capital work -in-progress, intangible assets and intangible assets under development) Proceeds from disposal of property, plant and equipmen t and 3S 44 intangible assets Loans/ Inter corporate deposits Given to Others (SOD) (100) Received back I matured from Others SOD Interest received 2 11 Purchase of Investment (S6) Purchase of Investment in Subsidiary - Proceeds from State Investment Subsidy 327 (lncrease)/Decrease in capital advances 881 (468) Net cash (used in)/ fr om investing activities (B) (3,896) (3,S84) C. Cash flow fro m fina ncing activitie s Proceeds from borrowings Bank and Financial Institutes 1,608 27S Oth ers 3,323 3,83S Repayment of borr owings Bank and Financial Institu tes (2,033) (2,004) Others (1,223) (1,327) Net increase/ (decrease) in working capital demand loan 2,079 7,994 Borrowing costs (1,206) (1,220) Dividend paid (1,0lS) (1,0lS) Change in Foreign Curr ency Translation Reserve - Net cash used in financing activities (C) 1,532 6,538 Net increase/ (decrease) in cash and cash equivalents (A+B+C) 207 22 Cash and cash equivalents at the beginning of the year S2S 21 Effect of exchange differences on restatement of foreign currency cash and cash equivale nts Cash and cash equivalents at the end of the period 731 43 RAJRATAN GLOBAL WIRE LIMITED Statement of Cash Flows for the period ended on September 30, 2026 (CIN No. L27106MP1988PLC004778)
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Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in all material respect in accordance with the applicable r ecognition and me asurement principles laid do wn in the aforesaid Indian Accounting Standard (Ind AS) prescribed under Section 133 of 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 Listir~ ~ GUPr ~ c ()~ <<>. ; iJ! fRN <J> . --t i.- 4. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE 2410) "Review of Interim Fin ancial Information Perf ormed 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 financial statements are 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. 2. This Statement, which is the responsibili ty of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with Rule 3 of Companies (Indian Accounting Standards) Rules, 2015 (as amended) 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 statements based on our revi ew. 1. We have reviewed the accompanying statement of unaudited standalone financial results of Rajratan Global Wir e Limited ( the "Company") for the quarter ended September 30, 2026 and year to date from April 0 I, 2026 to September 30, 2026 (the "Statement") attached herewith being submitted by the Company pursuant to the requirements of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). To, The Board of Directors of Rajratan Global Wire Limited Indore 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 Oblig ations and Di sclosure Requirements) Regulation s, 2015, as amended IND IA FADNIS & GUPTE LLP CHARTER ED ACCOUNTANTS B-14, Ratlam Kothi, Kanchan Bagh Main Road, lndor e-452001 (M.P.) INDIA Phone:0731-2514448,2527716,2528730 E-mail: mail(iv.fngca.com, Websit e: WW\v.fngca.in
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(C~ 1pte) Partner M. No.: 074814 For Fadnis & Gupte LLP Chartere d Acco untants FRN 006600C /C400324 Place: Indore Date: October 2 I , 2026 ODI N: 2b0 fl/&14 TC:JZ K.U 16 2£) 6. We also provide those charged with governance with a statement th at we have complied with relevant ethical requir ement s regardin g independence, and to communicate wi th them all relationships and other matters tha t may reasonably be thought to bear on our indep endence, and where applicable, related safeguard s. 5. We communic ate with those char ged with governance regarding, among other m atters, the planned scope and timin g of the review and significant finding s, includin g any significant deficiencies in internal control that we identif y during our review. Regulations , includ ing the manner in which it is to be disclosed , or that it contains any material misstatemen t. Fadnis & Gupte LLP Chartered Accountant s
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We also performed procedures in accordance with the Circular No. CIR/CFD/C~IDl /44/2019 d ated March 29, 2019 issued by the Securitie s Exchange Boar d of India under Regulation 33(8) of the SEB1 (Listing Obligations and Disclosure Regulations, 2015, as amended , to the extent applicable. 3. We conducted our review of the Statement in accordance with the Standar d on Review Engagements (SRE) 24 J 0 "Review of Interim Financia l Informat ion Performed by the Independe nt Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This s tandard 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. We have not performed an audit and accordingly, w e do not express an audit opinion 2. This Statement, which is responsibility of the Parent's management and approved by the Board of Directors of the Parent Company, has been prepared 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 A ct, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in complianc e with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 1. We have reviewed the accompanying Statement of Unaudited Con solidated Financial Results of Rajratan Global Wire Limited (the "Parent ") and its wholly owned subsidiaries, (the Paren t and its subsidiaries together referred to as the "Group") for the quarter ended September 30, 2026 and year to da te from April 01, 2026 to September 30, 2026 (the "Statement") attached herewith, being subm itted by the Parent pursuant to the Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulation s, 2015, as amended (the "List ing Regulations") . To, The Board of Directors of Rajrata n Globa l Wire Limited Indore 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 Requiremen ts) Regulations, 2015 as amende d CHARTERED ACCOUNTANTS B-14, Ratlam Kothi, Kanchan Bagh Main Road, Indore- 452001 (M.P.) INDIA Phone:0731-2514448,2527716,2528730 E-mail: mail(a>fogca.com, Website: www.fnzca.in IND I A FADNIS & GUPTE LLP
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7. We did not review the interim financial results and other financial informatio n of the wholly owned subsidiary namely Rajratan Wire USA Inc. included in the consolidated unaudited financial results that reflects, withou t giving effect to intra group transactions, total revenue of Rs. 3,560 Iakhs and Rs. 6, 125 lakhs, total net profit after tax of Rs. 193 lakhs and Rs. 559 lakhs and total comprehen sive income of Rs. 193 lakhs and Rs. 559 lakhs, for the quarter e nded September 30, 2026 and for the period from April 01, 2026 to September 30, 2026, respectively, as considered in the unaudited c onsolidated financia ~~{":i p. Gu p 1~ results. ~\ $ <<-<i ~ ~ FRN :n ~ 006600CI 1- ,, C400324 ! ~ L' The independent auditor's report on interim :financial results of aforesaid ent ity 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 included in respect of this subsidiary is based solely on the reports of such auditors and the procedures performed by us as stated a bove. Our conclusion on the Statement in respect of the above matters is not modified with respect to our reliance on the work done and the reports of other auditors a nd the financial results/ financial information certified by the management. 6. We did not review the interim financial results and other financial informat ion of the wholly owned subsidiary nam ely Rajratan Thai Wire Company Limited included in the consolidated unaudited financial results that reflect, without giving eff ect to intra group transactions, total revenues of Rs.12,971 lakhs and Rs. 24,039 Iakhs, total net profit after tax of Rs. 547 lakhs and Rs. 1,094 lakhs and total comprehensive income of Rs. 547 lakhs and Rs. 1 ,094 lakhs, for the quarter ended September 30, 2026 and for the period from April 01, 2026 to September 30, 2026 respectively, as considered in the respective unaudited financial results which have been reviewed by it's independent auditors. 5. Based on our review conducted and procedures performed as stated in paragraph 3 above, and based on the considerations of the review report referred to in paragraph 6 below, and based on the financial results cert ified by the management as stated in paragraph 7 below ,nothing has come to our attention that c auses us to believe that the accompa nying Statement, prepared in accordance with the recognition a nd measurement principles laid down in the afor esaid Indian Accou nting Standard (Ind AS) specified under Section l 33 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. a. Rajratan Thai Wire Company Limited b. Rajra tan Wire USA Inc. a. Raj ratan Global Wire Limited Subsidia ries 4. The Statement includ es the results of the following entities: Parent Company Fadnis & Gupte LLP Chartered Accountants
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~ (CA Viktam Gupte) Part ner M. No.: 074814 For Fadn is & Gupte LLP Chartered Acc ountants FRN 006600C/C400324 Place: lndor e Date: October 21, 2026 UDIN: 26 01-4 g1 yAA~A;fS53 OCJ Our conclusion on the Statement in respect of the matters stated above is not modified in respect to our reliance on the work done and the reports of the other auditors and the financial results/ financia l informa tion certified by the Management. The unaudited interim financial results and other financial informa tion of the afo resaid wholly owne d subsidi ary have not been reviewed by any auditors 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 affair s of the said sub sidiary, is based solely on such una udited interim financial resu lts and other unaudited fina ncial inform ation. According to the informati on and explanati ons given to us by the Mana gement , these interim financial results are not material to the Group. Our conclusion on the Statem ent is not modified in respect of the above matters. Fadnis & Gupte LLP Chartered Accountants