Interim report
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REF: CIL/CC/59/2026-2027 November 02, 2026 To, The Department of Corporate Services, The BSE Limited, P. J. Towers, Dalal Street, Mumbai- 400 001 Scrip Code: 531358 ISIN: INE102B01014 Sub: Outcome of Board Meeting To, The Department of Corporate Services, The NSE Limited 5th Floor, Exchange Plaza Plot No. C/ 1, G Block, Bandra - Kurla Complex, Bandra (East), Mumbai -400 051 Scrip Code: CHOICEIN Choice The Joy of Earning Pursuant to Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company, at its meeting held today i.e., Monday, November 02, 2026 has inter alia approved the following agenda: 1. On the recommendation of the Audit Committee, the Board has considered and approved the Un Audited (Standalone and Consolidated) Financial Results of the Company for the quarter and half year ended September 30, 2026 and has noted the Limited Review Report of the Auditor there on. The results along with the Limited Review Report thereon duly signed by the Auditors of the Company is enclosed herewith. 2. Considered and approved the Bonus Issue of Equity Shares in the ratio of 1:1 i.e., 1 Equity Shares of~ 10/- each for every 1 Equity Share of~ 10/- each held by the shareholders of the Company as on the Record Date (to be intimated in due course), subject to the approval of shareholders of the Company. 3. Considered and approved the Increase in the Authorized Share Capital of the Company from ~225,00,00,000/- (Rupees Two hundred and Twenty Five Crores), divided into 22,50,00,000 (Twenty Two Crore Fifty Lakh) Equity Shares of~ 10/- (Rupees ten only) each to ~447,80,00,000/- (Rupees Four Hundr ed and Forty Seven Crores Eighty Lakh only), divided into 44,78,00,000 (Forty Four Crore Seventy Eight Lakh ) Equity Shares of~ 10/- (Rupees Ten only) each, pursuant to approval of Bonus Issue and consequential alteration to the Capital Clause of the Memorandum of Association. 4. Approval of the draft Notice of the 1st Extra Ordinary General Meeting for the financial year 2026-27 for increase the Authorised Share Capital of the Company along with amendment in the Capital Clause and Issuance of Bonus Shares. The Board Meeting commenced at 03.30 P.M. and concluded at 6:00 P.M. Kindly take the above document on your record. Please acknowledge and take the same on your records. Thanking You, Yours Truly;nter~ ~ For Choice~ ional Limited Kat~~ ah Company Secretary & Compliance Officer Encl.: As above Choice Interna tional Limited . . Sunil Patodia Tower, J B Nagar, Andheri East, Mumbai - 99 T +91 22 67079999 E info@choiceindia.com CIN No. L67190MH1993PLC07m 7 www.choiceindia.com Letterheads. Keeping words official. r10,~ Al
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Sr. No. I 2 3 4 5 6 7 8 9 10 II 12 Choice CHO ICE INTERNATIONAL LIM ITED The Joy of Earnin g Statement of Unaudited Consolidated finnncial Results for the quarter and hair year ended Septe mber 30, 2026 Particulars September 30, 2026 (Refer Note 15) Unaudited Income (a) Revenue from Operations 3.728.67 (b) Other Income 6 1.55 T otal Income 3,79 0.22 E,i:Denses (a) Emolovee Benefit Exoenses 1.121 45 (b) Finance Costs 306.43 (c) Depreciation and Amortisation Expenses 61.74 (d) Other Exoenses 1,362 47 Total E:rnenses 2,852.09 Profit befo re lax U •2) 938.13 Tax Expenses (a) Current Tax 305 63 (b) Taxes for Earlier Years 4.8 1 (c) Deferred Tax (66.92) Total Tax Expenses 243.52 Profit afle r tax (J.4) 694.61 Share of profit ofioint ventures (net of lax) 0 II Profit for the Period/Year CS-6) 694.72 Owners of the Company 670.20 Non • Controlli~~ Interests 24 52 Other Co mnrehensive Income llems that will not be reclassified to Profit and Loss (a) Re•measuremcnt Gain/ (Loss) on Defined Benefit Obligations 025 (b) Fair Value (Loss)/Gain on Investments (3 75) (c) Ta.x Effect on above 0 88 llems that will be reclassified 10 Profi t or L oss Derivative instruments in Cash flow hedJi,e rela11onsh1p 2 45 Income la'< relating to items that will be reclassified to profit or loss (O 62) Tot al Other Comi>rehensive (Lossl/l ncome C0.79l Owners of the Company (I 18) Non • Controllin~ Interests 0.39 Tot al Comnrehensive In come f7+8l 693.93 Owners of the Company 669.02 Non • Controllin_l( Interests 24.90 Paid•un Eo uitv Share Canilal ( face Value Rs 10/•l 2,227.77 Reserves excludin g Revaluation Reserve as per Balance Sheet Earnings per Share( face value of Rs. 10 each) (1101 annualised for quarte rs & half years) (a) Basic (in Rs.) 3. 12 lib) Diluted (in Rs.) 310 Choice International Limited Sunil Patodia Tower, J B Nagar, Andhcri East, Mumbai - 400099 T +91 22 67079999 E info@choiceindia .com Cl'.'< ~o. L6-190:'vlH1993PLC071117 www.choiceindia.com Letterheads. Keep ing worth. offil'ial. Q uarter ended June 30, 2026 Unaudited 3.097.86 92.38 3,190.24 940.11 276. 75 64.37 1.109 7.7 2,391.00 799.24 236.20 (004) (42.99) 193. 17 606.07 606.07 552.96 53.11 0.4 1 6 14 ( 1.64) (3 68) 0 93 2.16 2.56 (0.40) 608.23 555.52 52.71 2,227.77 2 72 2.70 (Rs. In Milli ons) Half Year Ended Year ended September 30, Septe mber 30, 2026 Seplember 30, 2025 March J I, 2025 2026 (Re fer Note 15) Una udit ed Una udited Unaudited Audited 2.744 33 6.826.53 5.090.56 11.2 13. 12 96.67 153.93 12999 239.87 2,841.00 6,980.46 5,220.55 11,452.99 772.22 2.061.56 1.472.07 3.258.57 206.04 583 18 417.25 890.88 39.64 126.11 67.54 199.46 1,078.96 2,472.24 1.890.68 3,940.16 2,096.86 5,243 .09 3,847.54 8,289.07 744. 14 1,737.37 1.373.0 1 3,163.92 210 83 541 83 361 39 86 1 96 0.07 4.77 (0.29) 2.89 (31.40) (109.9 1) (32.33) (79 79 179.50 436.6 9 328.77 785.06 564.64 1,300.68 1,044.24 2,378.86 0. 11 - 564.64 1,300.79 1,044.24 2,378.86 55206 1.223. 17 1,002.22 2,176.63 12 58 77.62 42.02 202.23 (409) 0.66 (636) 1.63 (18 12) 2 39 3 25 (34 53 5.63 (0.76) 0 78 8 39 (1.23) 0.31 {16.58) 1.37 12.33) 124.51l (16.31) I 38 (2.09) /24.84) (0.27) (0.0 1) (024 ) 0.33 548.06 1.302.16 1,041.91 2,354.35 535. 75 1.224.55 1,000.13 2.151.78 12.31 77.61 41.78 202.57 2,056.56 2,227.77 2,056.56 2,227.77 17,009.88 11,242.46 14,130.89 2.75 5.84 5 13 11.30 2.69 5.80 5 03 11.23
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Notes: t. Statement of Assets and Liabili ties of the Group as at September 30, 2026 is given below: Particulars ASSETS Non Current Assets (a) Properly, Plant and Equipment (b) Capital Work- ln-Prooress (c) ln\'eStment Prooertv (d) ROU Assets (e) Good will (t) Other lntaneible Assets {g) lntamnble Assets Under Develonment {h) Financial Assets (i) Investments (ii) Loans (iii) Other Fi11ancial Assets (i) Deferred Tax Assets (Net) (i) Other Non-Current Assets Curre nt Asstts (a) Fmancial A ssels (i) Securities Held for Trade (ii) Investments (iii) Trade Receivables (ivl Cash and Cash Eauivalents ( v) Bank balances other than above (vi) Loans (vii) Other Financial Assets (bl Income Tax Assets (Net) (c) Other Current Assets Total Assets EQUITY AND LIABILITIES Eouitv (a) Eauitv Share Caoital (b) Other Eauitv (c) Non Controllin~ Interest Linbililies Non Current Liabilities (a) Financial Liabilities (i) Borrowin_gs (ii) Other Lease Liabilities (iii) Other Financial Liabilities (b) Other Non Current Liabilities (c) Provisions (d) Deferred Ta., Liabilities (Net) Current Liabilities (a) Financial Liabiliues (i) Borrowin{!S (ii) Lease Liabilities (iii) Trade Payables Total ou1s1andin11: dues of micro cnlerorises and small cntemrises Total outstanding dues of creditors other than micro enternrises and small en1emrises (iv) Other Financial Liabilities (b) Other Current Liabilitie s (c) Prov1s1ons (d) Current Ta.x Liabiliti es (net) Total Equity and Liabilities Choice International Limited Sunil Patodia Tower, J B Nagar, Andheri East, ;\lumbai - 400099 T +91 22 67079999 E info@choiccindia.com CIX l\o. L61190;\,IH1993PLC0.,1117 www.choiceindia.com LetlL•rhead~. Keeping \.rnrd 1, official. Choice The Joy of Earning (Rs. In 1\1l illions) As at As at Sep tember 30. 2026 Morc h 31, 2026 Unaudited Audited l,521 97 1.27153 270.08 243 52 773 52 746.65 524.55 527 89 1,063.22 1.062.4 1 285.32 183.33 123.33 200.62 694.95 528.53 4.232.16 3.794. 10 4,798.23 5.194.00 262.06 150.61 578 92 168.96 4 16 27 238 53 2,120.79 1,25 1.00 5.198.85 4,394.88 3,204.92 3. 199.48 2,191.87 2.088 58 11.534.72 9,435 .34 1.0 14.63 630.49 226 26 141 67 391 14 268.35 41,427.76 35.720.47 2,227 77 2.227 77 I 5.824.68 14.547 .91 1,602 23 1.522 46 837.86 4.024.47 174 92 225.27 225.19 234.50 2.09 107.02 156.86 28.8 1 26.86 11 .048.26 4.813 .75 64.23 13.02 7.56 73. 12 325.19 325.09 7,957.19 6.749.65 589 41 611.25 86.25 36.20 319.10 132.29 ~1,427.76 35,720 .47
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2. Consolidated Cas h Flow Slatement for the hal f year ended September 30, 2026: Parti culars Cas h Flow from Onera tin e: Activiries Net orofit before tax Adiu stments Deorec1at1on and amort1sat1on Share Based Pavments Finance costs Interest Income Balance written off Investments written off Fair Value Loss on Investment Provision for Gratuitv Allowance of Credit Loss Fair Value Gain on Investment Profit/(Loss) on sale of Prooenv, Plant and EQuioments Prov1s1on for Standard Loan Assets Gain on sale of lnves1men1s Cash flow hedu.e Reserves Fair value Gain on Securities held for Trade Oneratin~ Profit before \Vorkin(! C aoit al C ha nl!es Movements in assets a nd liabilit ies (Increase} in Securities held for trade (Increa se} in Trade receivables Increase in Trade Pavables lncrease/(Decrease) in Other Non-Current Financial Liabilities lncrease/(Decrease) in Othe r Non-Curre nt Liabilities (Decrease)/lncrease in Othe r Current Financial Liabilities (Dec rease)/l ncrease in 01he r Current Liabilit ies Increase in Lease Liabilities (Increase) m Other Non Current Financia l Assets (Increase ) in Other Non Current Assets (Increase ) in Other Curren t Financia l Assets (Increase) in Other Current Assets Increase in Lonu Term Provisions Increase in Current Provisio ns Decrease in Other Bank Balance (Increase) in Loans Cash fused in\ O nernti ons Income taxes paid Net cas h (used in) Oo eratin e activities tA ) Cas h Flow from ln vestin(J Activities Purchase of Prooenv. Plant & Ea uioment Sale of Prooertv, Plant & Eouioment Purchase of Caoital work in orou.ress Proceeds from Sale of Pronerw . Plant & Equipment Payment for lntan~ible Assets including lntanu.ible under develooment Purchase of Goodwi II Purchase of Investmen t orooenv Purchase of Investments Fixed Deoosi1 Profit on Sale of Investment Purchase of lnves1ments Interest Received Net C ash (used inl lnves tin(! Activities (8) Cas h Flow from Financin2 Activities Proceeds on issue of shares to NCI (includi nu. secun t1es orem1um) Lease navment Proceeds from Share Warrants I Net oroceeds from borrowinll.s Finance cosls oaid Net Cash now from Finan cinl! Activities (C ) Net lncrease/l decre asel in cash and cash equi valen1s (A+B+C) Cash and cash eQutvalcnts at the beu.inning of the vear Cnsh and cash eaui valents al the end of th e vea r Choice International Limited Sunil Patodia Tower, J B :-I agar, Andheri East, Mumbai - 400099 T +91 22 67079999 E info@choiceindia .com CI'.'i '.':o. L61190MH1993PLC071117 www.choiceindia.com Letterhead s. Keeping word~ official. Choice The Joy of Earning tRs. Ill Millions) For the period ended September 30, 2026 September 30, 2025 Unaudi ted Una 11di1ed 1.737.37 1.373 .01 126 11 67.55 54 39 25.02 555.81 417.25 (1,849.08) (41 19) 2.70 (9 25 1.52 23.51 374.84 70.07 20.76 133.43 (23 03) 0 .71 64.25 (54.38) ( 15.95) (092) (0 II) (3 62) 957.54 1,926.37 (3.32 4.631 (2,241. 75 (177 63) 165.45) (I. 105 34) 1134. 78) (65.46) (132.50) (9 32) f0.09) 2.09 1,207 54 (5 15.18) (21.84 ) (133.46) .. 93.22 395. 77 (277 41) (409.961 (653 38) (384 13) (1.106 65) (122.781 44.69 (72 69) 24 99 50 04 83.99 879 93 (2.61092) (349.67 (2.367.091 1315.381 (444.72) (349 75) 12,811.811 (665. 13 (335 24) (65 .58) 56.50 1.0 1 (26.56) (12 39 0.20 (99.49 (127.84) (0.8 1) (26.87 (546.27) (103.29) 54.38 (1,046 75) 1.849 08 41.19 320.95 1709.681 241.02 4.20 1.350.00 3.047 9 1 161 20 (555.81) (417.25 2,496.30 1.334.97 5.44 139.84 3. 199.48 1.387.93 3.204.92 1.348.09
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Choice The Joy of Earning 3. The unaudited consolidated financial results of Choice lntemational Limited ("the Company" or "the Holding Company") its Subsidiaries (together referred as "the Group") and its jointly controlled entities have been prepared in accordance with Indian Accounting Standard 34 - Interim Financial Reporting prescribed under Section 133 of the Companies Act. 2013 ("the Act") read with relevant mies and other accounting principle generally accepted in India and in accordance with Regulation 33 of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 4. The above unaudited consolidated financial results of the Group and its jointly controlled entities for the quarter and half year ended September 30. 2026 have been reviewed by the Audit Committee and approved by the Board of at their meeting held on November 02, 2026. 5. The Group has applied it's material accounting policy in the preparation of these financial results which are consistent with those followed in the financial statements for the year ended March 3 1, 2026. 6. The statutory auditors of the Holding Company have carried out review of the aforesaid unaudited consolidated financial results for the quarter and half year ended September 30, 2026. 7. The Group operations predominantly relates to three business segments i.e. Broking & Distribution services. Advisory services and NBFC services. Business segments have been identified as separable primary segment in accordance with Ind AS 108 'Operating Segments'. Consolidated Segment wise Revenue, Results, Assets and Liabilities in terms of Regulation 33 of the Listing Regulations: Septem ber 30, Sr. No Particulars 2026 . (Refer Note IS) Unaudited I Seemcnt Revenue a. Broking & Distribution Services 1,782.38 b. Advisoiv Seivices 1,445.26 c. NBFC Services 462.49 d. Unallocable 276.09 Total 3,966.22 Less : Inter Segment Revenue 176.00 Total Revenue 3,790.22 2 Seement Profit before tax from each see;ment a. BrokinR & Distribution Services 42 1.92 b. Advisory Services 453.30 C. NB FC Services 36.46 Total 911.68 Add/(Less): Other Unallocable Expenditure Net Off Unallocable Income 26.45 ToIal Profit Before Tax 938.13 3 Seement Assets a. Broking & Distribution Services 18, 16 1.56 b. Advisory Services 6,667.59 C. NBFC Services 12,42 1.57 d. Unallocable 4, 177.04 Tota l 41,427.76 4 Sel!ment Liabilities a. Broking & Distribution Services I 1,6 11.37 b. Advis01v Services 1.791.18 C. NB FC Services 7,829.3 I d. Unallocable 541.21 Total 21,773. 07 8. Key data relating to standalone financial results of Choice International Limited are as follows: Particulars September 30, 2026 Unaudited Revenue 134.28 Profit Before Tax 93.43 Profit After Tax 71.80 Other Comprehensive Income 0.0 1 Total Comprehensive Income 71.8 1 Choice [ntern ational Limited Su nil Patodia Tower , .J B Nagar, An<lheri East, Mumbai - 400099 T T91 22 67079999 E infu@choiccindia.com CIX Nu. L6.,190~1H1993PLC071117 www.choiceindia .com Letterheads. Keeping \\ ord s official. Quarter Ended June 30, Sep tember 30, 2025 2026 (Refer Note IS) Unaud ited Unaudited 1,722.52 1,607.33 912.84 790.48 445.36 428.70 246.58 81.20 3,327.30 2,907.7 1 137.06 66.71 3,190.24 2,841.00 481.2 1 426.83 255.50 277.23 44.59 40. 14 781.30 7~4.20 17.94 (0.06) 799.H 744.I~ 16,708.65 13,473.48 5,738.4 1 3,070. 14 11. 187.22 9,290.77 3,787.75 2,685.02 37.~22.03 28,519.~ J 10,394.80 9,397.35 1,092.0 1 361.0 1 6,608.09 4,742.39 406.07 302.6 1 18,500.97 14,803.36 Quarter ended June 30, September 30, 2026 2025 Unaudit ed Unaudited 116. 15 39.79 64.50 (9.73) 450 1 (7.41) 0.0 1 (0. 11 ) 45.02 (7.52) / Rs. In Millions) Ha lf Year Ended Year Ended September 30, Septembe r 30, Marc h 3 1, 2026 2025 2026 Una udited Unaudited Audited 3,504.90 2,964.62 6,396.45 2,358. JO 1,390.20 3,299. 18 907.85 814.83 1.650.59 522.67 184.99 502.07 7,293.52 5,354.64 11,848.29 313.06 134.09 395.30 6,980.46 5,220.55 11,452.99 903.13 730.52 1,775.45 708.80 518.6 1 1,20 1.49 81.05 110.75 170.30 1,692.98 1,359.88 3,147.24 44.39 13.13 16.68 1,737.37 1,373.01 3,163.92 18, 16 1.56 I 3,473.48 15,599. 10 6,667.59 3.070. 14 5,8 12.91 12,421.57 9,290.77 10,600.67 4, 177.04 2,685.02 3,707.79 41,427.76 28,5l 9AI 35,720.~7 11,6 11.37 9,397.35 9 757.9 2 1,79 1.18 361.01 1.15 1.84 7,829.31 4,742.39 6,024.62 54 1.21 302.6 1 487.95 21,773.07 14,803.36 17,422.33 (Rs. In Millions) Ha lf Year Ended Yea r Ended September 30, Septe mber 30, M arch 3 1, 2026 2025 2026 Unaudited Unaudited Audited 250.43 110. 12 284.41 157.93 10.69 73. 27 I 16.81 8.24 50.9 1 0.02 (0.23) 0.06 I 16.83 8.0 1 50.97
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Choice The Joy of Earning 9. During the half year ended September 30, 2026, the Holding Company acquired 100% stake in Choice Unified Services Private Limited (fonncrly known as Optimo Investment Adviser Private Limited) by investing an aggregate amount of Rs. 1,000 through the acquisition of 10.000 equity shares whose Face value is Rs. 10 per equity share. Consequently, Choice Unified Services Private Limited (Connerly known as Opt imo Investment Adviser Private Limited) became a Subsidiary of the Holding Company with effect from April 0 1, 2026. 10. During the half year ended September 30, 2026. the Holding Company acquired 100% stake in Ellora Solutions Private Limited by investing an aggregate amount of Rs. 11,60.000 through the acquisition of 10,000 equity shares whose Face value is Rs. 10 per equity share. Consequently, Ellora Solutions Private Limited became a Subsidiary of the t-lolding Company with effect from May 25. 2026. 11. During the quarter and half year ended September 30, 2026, the Gro up entered through Choice Equity Broking Private Limited ("CE BPL") into a strategic partnership with H lnvesnnent & Securities Co. Ltd. (N~IIS) on July 9, 2026. Pursuant to the terms of the arrangement, the CEBPL has issued 42,25,350 Compulsorily Convertible Preference Shares {CCPS) at an issue price of Rs. 2, 130 per share, aggregating to Rs. 9,000 million. The entire proceeds from the issuance were received by the Company on October 27, 2026. 12. During the period, Choice Wealth Private Limited and Arete Capital Service Private Limited, wholly owned subsidiaries of the Choice Broking Private Limited. were amalgamated pursuam to the Scheme of Amalgamation approved by the Hon'ble NCL T. Mumbai Bench-I vide order dated May 11, 2026 under Sections 230 to 232 of the Companies Act, 2013, with April 0 I, 2025 as the appointed date. Pursuant to 1he Scheme, Arete Capital Service Private Limited, being the Transferee Company was renamed as Choice Wealth Private Limited. The amalgamation has been accounted for in accordance witb the Pooling of Interests Method under Appendix C of Ind AS 103. 13. The Board of Directors of the Company, at its meeting held on November 02, 2026, has considered and recommended for the issue of bonus equity shares to the existing shareholders of the Company, subject to the approval of shareholders and other applicable statutory and regulatory approvals, as may be required. The proposed bonus shares shall be issued in the ratio of[l:I J, i.e., one new fully paid-up equity share of Rs. 10 each for every one existing fully paid-up equity share of Rs. 10 eac h held by the eligible shareholders as on the Record Date to be dctcm1ined by the Board of Directors. 14. The unaudited consolidated financial results comprise the financial results of the Company, its subsidiaries, its step down subsidiaries ('the Group') and jointly controlled entities namely; S.No. Name of the Ent itv Relationshin with the Hold in{! Comnanv I Choice International Limited Holdinl!. Comoany 1 Choice Equity Broking Private Limited Subsidia1v 3 Choice Consultancy Services Private Limited Subsidi arv 4 Choice Finserv Private Limited Subsidiarv 5 Choice Insurance Broking India Private Limited Subsidia,v 6" Choice Capital Advisors Private Limited Subsidia,v 7 Choice AMC Private Limited Subsidiarv 8 Choice Trustees Services Private Limited Subsidiarv 9 Fintoo Wealth Private Limited Subsidiarv 10 Choice Unified Services Private Limited (Fom1erly known as Optima Subsidia,y (w e.f. April 0 1, 2026) Investment Adviser Private Limited) II Ellora Solutions Private Limited Subsidiaiv {w.e.f. Mav 25, 2026) 12 Choice Proptech Solutions Private Limited { Fom1erly known as Choice Subsidiary (w.e.f. August 20. 2026) Corpora te Services Private Limited ) Step-do wn Subsidia1y (t.:p to Aueust 19. 2026) 13 Choice Wealth Private Limited {Fom1erly known as Arete Capital Step-down Subsidiary Service Private Limited) 14 Choice Tech Lab Solutions Private Limited Steo•down Subsidiarv 15 Choice Connect Private Limited Steo-down Subsidiarv 16 SKP Green Ventures Private Limited Steo-dow n Subsidiarv 17 Choice Green EnerRv MH-1 Private Limited Steo-dow n Subsidia,v 18 Choice Green Energy MH-2 Private Limited Sten-down Subsidiarv 19 Choice Green Energy Solutions Private Limited Steo-down Subsidiarv 20 Ayoleeza Consultants Private Limited Steo•down Subsidiary 21 Satra Services and Solutions in JV with Ayoleeza Consultants Joint Iv Controll ed Entitv of Steo-down Snbs idiarv 22 Almondz Global Infra - Consultant JV with Avoleeza Consultants Joint Iv Controlled Entitv of Steo-down Subsidia,v 23 Avoleeza Consultants Private Limited {Joint Venture) Jointly Controlled Entity of Steo-down Subsidia,v 24 Thoughts Consultants Jaiour P L in JV with Choice Consultancv Join1lv Controlled Entitv of Subsidia1v 25 CCSPL- I & R JV Joint Iv Controlled Entitv of Subsidia,v 26 Choice Consullancy Servies JV Mars Planning and En~ineering Jointly Controlled Entitv of Subsidiarv 27 CCSPL - PD&EX JV Jointlv Controlled Ent11v of Subsidiarv 15. The figures for the quarter ended September 30, 2026 and September 30, 2025 are the balancing figures between figures for half year ended September 30. 2026 and September 30, 2025 and figures for the quarter ended June 30, 2026 and June 30, 2025 respectively. 16. Previous quarters/period/year figures have been regrouped / reclassified/ rearranged, wherever considered necessary. to confonn to the current period classification. 17. The above unaudited consolidated financial results for the Quarter and half year ended Sep1ember 30. 2026 as submitted to stock exchanges are also available on our website www.choiceindia.com. Place: Mumbai Da1e: ovember 02. 2026 Choice International Limited Sunil Patodia Tower , J B Nagar, A.ndheri East, :Mumbai - 400099 T ~91 22 67079999 E info @choiceindia.com er:,; No. L67190:l>IH1993PLC071117 www.choiceindia.com Letterheads. Keeping words official. 6 For and on behalf of the Boa rd of Directors ~rl Arun PS:dar CEO and Director DIN: 028 1958 1
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MSKA & Associates LLP (Formerly known as MS KA a Associates) Chartered Accountants HO 602, Floor 6, Raheja Titanium Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E) Mumbai 400063, INDIA Tel: +91 22 6974 0200 Independent Auditor's Review Report on unaudited consolidated financial results of Choice International Limited for the quarter and half year ended September 30, 2026 pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To, The Board of Directors, Choice Internationa l Limited 1, We have reviewed the accompanying Statement of unaudited consolidated financial results of Choice International Limited (hereinafter referred to as the "Holding Company"), its subsidiaries, (the Holding Company and its subsidiaries together referred to as the "Group") and its jointly controlled entities for the for the quarter and half year ended September 30, 2026 (the "Statement") attached herewith , being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Regulations"). 2. This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 " Interim Financial Reporting", prescribed under Section 133 of the Companies Act, 2013 (the "Act") read with relevant rules issued thereunder ("Ind AS 34") and other recognised accounting principles generally accepted in India and is in compliance with the 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. This standard required that we plan and perform the review to obtain moderate assurance as to whether the Statement is free from 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 specified under section 143(10) of the Act 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 Regulations, to the extent applicable. 4. This Statement includes the results of the Holding Company and the following entities: Sr. No Name of the Entity Relationshio with the Holdimz Comoanv 1 Choice Equity Broking Private Limited ("CEBPL") Subsidiary 2 Choice Consultancy Services Private Limited Subsidiary ("CCSPL"l 3 Choice AMC Private Limited Subsidiary 4 Choice Finserv Private Limited Subsidiarv 5 Choice Insurance Brokinl! India Private Limited Subsidiary 6 Choice Caoital Advisors Private Limited Subsidiarv 7 Choice Trustees Services Private Limited Subsidiary 8 Fintoo Wealth Private Limited Subsidiarv 9 Choice Unified Services Private Limited (Formerly Subsidiary (w. e. f. April 01 , 2026) known as Optima Investment Adviser Private Limited) 10 Choice Proptech Solutions Private Limited Step-down subsidiary of CCSPL (till August (Formerly known as Choice Corporate Services 19,2026) Private Limited) Subsidiary (w.e.f. Au11ust 20 20261 11 Ellora Solutions Private Limited Subsidiary (w.e.f. Mav 25 20261 I Page 1 of 3 Register ed Office: 602, Raheja Titanium , Western Express Highway, 00063, Maharashtra, India Tel: +91 22 6974 0200 I LLPIN: A - Ahmedabad I Bengaluru I Chandigarh I Chennai I Coimbatore I Goa I Gurugram I Hyderabad I Kochi I Kolkata I Pune www.mska.in
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MSKA & Associates LLP (Formerly known as MS KA & Associates) Chartered Accountants 12 Choice Tech Lab Solutions Private Limited 13 Choice Connect Private Limited 14 Choice Wealth Private Limited (Formerly known as Arete Caoital Services Private Limited) 15 SKP Green Ventures Private Limited ("SKP-GV"l 16 Choice Green Enen1v MH-1 Private Limited 17 Choice Green Enen:iv MH-2 Private Limited 18 Choice Green Enen1v Solutions Private Limited 19 Avoleeza Consultants Private Limited ("Avoleeza"l 20 Thoul!hts Consultants Jaiour P L in JV with CCSPL 21 CCSPL· I ft R JV 22 Choice Consultancy Services JV Mars Planning ft Enl!ineerinl! 23 CCSPL - PDftEX JV 24 Satra Services and Solutions in JV with Ayoleeza Consultants 25 Ayoleeza Consultants Private Limited JV 26 Almondz Global Infra-Consultants Limited JV Steo-down subsidiarv of CEBPL Steo-down subsidiarv of CEBPL Step-down subsidiary of CEBPL Steo-down subsidiarv of CCSPL Step-down subsidiarv of CCSPL Steo-down subsidiarv of CCSPL Step-down subsidiarv of CCSPL Steo-down subsidiarv of CCSPL Jointlv Controlled Entitv of Subsidiarv - CCSPL Jointly Controlled Entitv of Subsidiarv - CCSPL Jointly Controlled Entity of Subsidiary - CCSPL Jointly Controlled Entitv of Subsidiarv - CCSPL Jointly Controlled Entity of step-down Subsidiary Avoleeza Jointly Controlled Entity of step-down Subsidiarv Avoleeza Jointly Controlled Entity of step-down Subsidiary Avoleeza 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 to 7 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 Ind AS 34, prescribed under section 133 of the Act read with relevant rules issued thereunder and other recognised accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. We did not review the financial results of 16 subsidiaries and step-down subsidiaries included in the Statement, whose financial results reflects total assets of Rs. 18,128.25 millions (before considering consolidat ion adjustments) as at September 30, 2026 and total revenues of Rs. 2,176.77 millions (before considering consolidation adjustments) and Rs. 3,711.59 millions (before considering consolidation adjustments), total net profit after tax of Rs. 511. 90 millions (before considering consolidation adjustments) and Rs. 821.63 millions (before considering consolidation adjustments) and total comprehensive income of Rs. 511.05 millions (before considering consolidation adjustments) and Rs. 822.83 millions (before considering consolidation adjustments), for the quarter and half year ended September 30, 2026, respectively, and cash flows (net) of Rs. (77. 50) millions (before considering consolidation adjustments) for the half year ended September 30, 2026, as considered in the Statement. These financial results have been reviewed by other auditors whose reports 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 these subsidiaries and step-down subsidiaries, is based solely on the report of the other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion is not modified in respect of the above matter with respect to our reliance on the work done by and report of the other auditors. 7. We did not review the interim financial results of 4 jointly controlled entities included in the Statement, whose financial results reflects total assets of Rs. 38.88 millions (before considering consolidation adjustments) as at September 30, 2026 and total revenues of Rs. 0.08 millions (before considering consolidation adjustments) and Rs. 0.17 millions (before considering consolidation adjustments), total net loss after tax of Rs. (0.06) millions (before considering consolidation adjustments) and Rs. (0.07) millions (before considering consolidation adjustments) and total comprehensive loss of Rs. (0.06) (before considering consolidation adjustments) and Rs. (0.07) millions (before considering consolidation adjustments) for the quarter and half year ended September 30, 2026, respectively, and cash flows (net) of Rs. (14.01) milli ons (before considering consolidation adjustments) for the half year ended September 30, 2026, as considered in the respective standalone unaudited financial results of the jointly controlled entit ies included in the Group. The interim financial results of these jointly controlled entities have been reviewed by the other auditor whose reports have been furnished to us by the management, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these jointly controlled entities, are based solely on the reports of such other auditor and the procedures performed by us as stated in paragraph 3 above. Our conclusion is not modified in respect of the above matter with respect to our reliance on the work done by and report of the other auditors. Registered Office: 602, Raheja Titanium , Western Express Highway, Goregaon ( as ), Tel: +91 22 6974 0200 I LLPIN: ACT-3789 Page 2 of 3 Ahmedabad I Bengaluru I Chandi garh I Chennai I Coimbatore I Goa I Gurugram I Hyderabad I Kochi I Kolkata I Mumbai I Pune www.mska.in
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MSKA & Associates LLP (Formerly known as MS KA & Associates) Chartered Accountants 8. The Statement includes the financial results of 3 jointly controlled entities which are not subject to review, whose financial results reflects total assets of Rs. 21 millions (before considering consolidation adjustments) as at September 30, 2026, and total revenues of Rs. 28.83 millions (before considering consolidation adjustments) and Rs. 42. 91 millions (before considering consolidation adjustments), total net profit / (loss) after tax of Rs. 0.05 millions (before considering consolidation adjustments) and Rs. (0.02) millions (before considering consolidation adjustments) and total comprehensive income of Rs. 0.05 millions (before considering consolidation adjustments) and Rs. (0.02) millions (before considering consolidation adjustments), for the quarter and half year ended September 30, 2026, respectively, and cash flows (net) of Rs. 0.01 millions (before considering consolidation adjustments) for half year ended September 30, 2026, as considered in the Statement. Our conclusion in so far as it relates to the amounts and disclosures included in respect of these jointly controlled entities, is based solely on the financial results as furnished by the Management. According to the information and explanations given to us by the Management, the financial results of these jointly controlled entities are not material to the Group. Our conclusion is not modified in respect of the above matter with respect to our reliance on the financial result certified by the management. For MS KA ft Associates LLP (Formerly known as MS KA ft Associates) Chartered Accountants ICAI Firm Registrati~ /W101187 t;t,Jt- I Prateek Khandelwal Partner Membership Number: 139144 UDIN: Q6\:6Q\44\JUMI C~!2.l:28 Mumbai November 02, 2026 Page 3 of 3 Registered Office: 602, Raheja Titanium, Western Express Highway, Goregaon (East ). Mumbai-400063, Maharashtra, India Tel: +91 22 6974 0200 I LLPIN: ACT-3789 Ahmedabad I Bengaluru I Chandigarh I Chennai I Coimbatore I Goa I Gurugram I Hyderabad I Kochi I Kolkata I Mumbai I Pune www.mska.in
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Choice The Joy of Earning CHO ICE INTERNATIO NAL LIMITED State ment of Unaudit ed Standalone Financial Results for the quarter and half year ended Se1,tember 30, 2026 Sr. No. Particulars Septem her 30, 2026 Unaudited (Refer Note 11) I Income (a) Revenue from Ooerations 134.17 (b) Other Income 0.11 Tota l Income 134.28 2 . Ex1>enses (a) Employee Benefit Expenses 17. 15 I (b) Finance Costs 3. 12 (c) Deoreciation and Amortisation Expenses 3. 18 ( d) Other Exoenses 17.40 Total Exoenses -10.85 3 Profit/ (Loss) Before Tax /1-2) 93.43 4 Tax Exoenses (a) Current Tax 21.94 (b) Taxes for Earlier Years - l(c) Deferred Tax (0.31) Tota l Tax Expenses 21.63 5 Profit / (Loss) for the Period / Year (3-4) 71.80 6 Other Comprehensive Income Items that will not be reclassified to profit and loss (a) Actuarial Gain / (Loss) on Post Retirement Benefit 0.01 Plans (b) Income Tax on above (000) Total Oth er Com1>rchensive Income/ (Loss) 0.01 7 Total Compr ehensive Incom e/ (Loss) for the 71.81 Period/ Year(5+6) 8 Paid-up Equity Sha re Capital (Face Value Rs 10/-) 2,227.77 9 Reserves excluding Revaluation Reserve as 11er Balance Sheet 10 Earnin gs per Share (fac e value of Rs. 10 each) (not annualised for quarters and half years) (a) Basic (in Rs.) 0.32 (b) Diluted (in Rs.) 0.32 Choice International Limited Sunil Patorlia Tower , .J B Nagar, Andheri East, Mumbai - 400099 T +91 22 67079999 E info@choiceindia.com Cl'.'l Xo. L67190MH1993PLC071117 www.choiceindia.com Letterheads. Keeping words official. Quarter ended Jun e 30, 2026 Unaudit ed 113.93 2.22 116.15 16.62 2.82 3. 15 29.06 51.65 64.50 18.49 1.00 19.49 45.01 0.01 (000) 0.01 45.02 2,227.77 0.20 0.20 (Rs In Millions) Half Year Ended Year ended September 30, September 30, Septem her 30, March 31, 2025 2026 2025 2026 Unaudit ed Unaudit ed Unaud ited Audi ted (Refer Note 11) 38.66 248.10 104.44 276.99 1. 13 2.33 5.68 7.42 39.79 250.43 110.12 284.41 20 03 33.78 39.05 82.66 5.77 5.94 12.03 22.19 3.02 6.32 6.00 12.35 20.70 46.46 42.35 93.94 49.52 92.50 99.-13 211.1-1 (9.73) 157.93 10.69 73.27 (0.82) 40.43 - 26.60 (0.37) (0.38) (1.50) 0.69 2.82 (3.86) (2.32) 41.12 2.45 22.36 (7.41) 116.81 8.24 50.91 (0. 15) 0.02 (0.3 1) 0.08 0.04 (0.00) 0.08 (0.02) (0.11) 0.02 (0.23) 0.06 (7.52) 116.83 8.01 50.97 2,056.56 2,227.77 2,056.56 2,227.77 7,880.31 3,914.25 7,713.50 (0.04) 0.52 0.04 0.24 (0.04) 0.52 0.04 0.24
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Notes: I. Statement of Assets & Liabi lities of the Company as at September 30, 2026 Particulars ASSETS Non Current Assets (a) Property, Plant & Equipment (b) Capital Work in Progre ss (c) Investment Property (d) ROU Assets (e) Other Intangible Assets fT Intangible Assets Under Development (g) Financia l Assets (i) Investments (ii) Other Financial Assets (h) Other Non Current Assets Current Assets (a) Financial Assets (i) Investments (ii) Trade Receivables (iii) Cash and Cash Equivalents (iv) Loans (b) lncome Tax Asse ts (Net) ( c) Other Current Asse ts Total Assets EQUITY AND LIABILITIE S Eauitv (a) Eauity Share Capital (b) Other Equity Liabilitie s Non Curre nt Liabilitie s (a) Financial Liabilities (i) Borrowings (b) Provisions (c) Deferred Tax Liabilities (Net) Current Liabilities (a) Financial Liabilities ( i) Borrowings (ii) Trade Payables Total outstanding dues of micro enterprises and small enterprise s Total outstandin g dues of creditors other than micro enterpr ises and small enterprises (b) Other Financial Liabilities (c) Other Current Liabilities ( d) Provisions (e) Current Tax Liabilities (net) Total Eauitv and Liabili ties Choice [nternational Limited Sunil Patodia Tower, J B Nagar, Andhcri East, Mumbai - 400099 T +91 22 67079999 E info@choiceindia.com Cl::-. ~o. L6719o~IH1993PLC071117 www.choiceind ia.com Letterheads. Keeping words official. \\ . Choice The Joy of Earning (Rs. In Millions' As at September 30, As at March 31, 2026 2026 Unaudited Audited 763. 16 764.30 120.63 78.66 12.00 12.00 30 1.54 305 .14 3.32 3.61 34.4 1 23.76 5,669.36 5,285.81 0.75 0.74 0.50 22.0 1 100. 11 0.26 12.26 27.45 47.93 679.47 3,675.0 1 3,345.92 0.23 0.24 7.99 4.87 10,749.20 10,554.24 2,227.76 2,227.76 8,297.33 8, 130.52 120.49 124.47 5.92 5.69 27.37 26.68 8.59 8.23 7 08 0.3 1 14.20 20.12 8.00 1.48 6.38 8.03 0.85 0.95 25.23 - 10,749.20 10,554.24
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2. Statem ent of Cas h flows for t he half yea r ended September JO, 2026 Particulars A. Cash Flow from Operating Activities Net Profit Before Tax Ad justments: Deprecia tion and Amort isation Finance Costs Profit on Sale of Investments in MF Income from Investments Fair Value Gain on Inves tments Investment written off Provis ion for Employee Benefit Expenses Operating Profit befor e Working Capital Changes Movement in Assets and Liabilitie s Decrease / (Increase) in Trade Receivables lncrease/(Decrease) in Tra de Payables Increase / (Decrease) in Current Financial Liabilities (Decrease) in Other Current Liabilities Decrease /(Increase) in Other Non Current Assets (lncrease)/Dec rease in Loans (Increase)/ Decrease in Other Current Assets Cash Flow (used in) / flow from Operation s Income taxes paid Net Cas h (used in)/ flow from Operating Activities (A) 8. Cash Flow from Investing Activitie s Purchase of Property , Plant & Equipment Payment for Intangible Asset under Development Payment towards Capital Work in Progress Investment in Equity Instruments in Subsidiar ies Investment in units of Alternative Investment Funds Purchase of /Proceeds from Sale of Units of Mutual funds Interest Income Net Cash (used in) Investing Activities (8) C. Cash Flow from Financing Activities Net (Repayment) / Proceeds of Borrowings Proceeds from Issue of Sha res Warrants Finance Costs paid Net Cash (used in) / flow from Financing Activi ties (C) Net (Decrease) / Increase in Cash and Cas h equivalent s (A+8 +C) Cash and Cash Equivalents at the Beginning of the Period Cash and Cas h Equiv alents at the End of the Period Choice International Limited Su nil Patod ia Tower, J B N'agar, A.ndheri East, Mumbai - 400099 T ..-91 22 67079999 E info@choiccindia.com Cl:'.\ :'.\o. L6"'190'.\IH1993PLC07 1117 www.choiceindia.com Letterheads. Keeping word s official. Choice The Joy of Earning (Rs. In Millions) For the half year ended For the half yea r ended September JO, 2026 Septemb er JO, 2025 Unaudited Unaudited 157.93 10.69 6.32 6.00 5.94 12.03 (2.23) (4.43) (6.05) (1.13) (7.23) (15.88) 9.25 . 0.39 1.47 164.32 8.75 (289.8 0) 266.94 15. 19 (16.04) 0.85 (0.46) 6.5 1 (2.05) ( 1.64) (0.37) 2 1.50 (654.48) (329.09) 938.13 (3. 12) 2.21 (125.48' 275.69 (15. 19) (5.58) (140 .671 270.11 (1.30 (0.56) ( I 0.65) ( I 1.05) (41.97) (3.90) (3 I 3.38) ( 1,556.28) (22.54) (5.57) (97.52) 4.1 8 6.05 I. 13 (481.JI) (1,572.05) (4.55) 102.36 . 1,350.00 (5.01) ( 12.03) (9.56) 1,440.JJ (631.54) 138.39 679.47 16.03 47.93 154.42
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Choice The Joy of Earning 3 The unaudited standalone financia l results of Choice International Limited ("the Compan y") have been prepared in acco rdance with Indian Accou nting Standard 34 ("Ind AS-34") - Interim Financial Reporting prescr ibed under Sectio n 133 of the Companies Act, 20 13 ("the Act") read with relevant m ies and other account ing principle generally accep ted in India and in acco rdance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligatio ns and Disclosure Requirements). Regulations , 20 15, as amended. 4 The above standalone financial results for the quarter and half year ended September 30, 2026 have been reviewed by the Audit Committee and approved by the Board of Directors at their meet ings held on November 02, 2026 . 5 The Compan y has applied it's material accou nting policy in the preparation of these financial results which are cons istent with those followed in the financial statements for the year ended March 3 1, 2026. 6 The Compan y is engaged primarily in holding company activities such as cap ital allocat ion and managerial oversight to the bus iness o f subsidiaries and investment activities, Further all the activitie s are carr ied out in India. Accordingly there are no separate reportable segments as per Ind AS I 08 dealing with Operating Segments. 7 During the half year ended Sep tember 30, 2026, the Compa ny acquired 100% stake in Choice Unified Serv ices Private Limited (forme rly known as Optimo Investment Adviser Private Limited) by investing an aggrega te amo unt of Rs.1,000 through the acq uisition of I 0,000 equit y shares whose Face value is Rs. 10 per equity share. Consequently, Choice Unified Services Private Limited (formerly known as Optimo Investment Adviser Private Limited) became a subsidiary of the Compan y with effec t from April 0 I, 2026. 8 During the half year ended September 30, 2026 , the Compa ny acqu ired I 00% stake in Ellora Solutions Private Limited by investing an aggregate amount of Rs. 11,60,000 throug h the acquisition of I 0,000 eq uity shares whose Face value is Rs. IO per equity share. Consequently , Ellora Solutions Private Limited became a subsidiary of the Company with effec t from May 25, 2026. 9 During the quarter and half year ended Sep tember 30, 2026, the Company had purchase d I 00% stake in Choice Proptech Solutions Private Limited (Formerly known as Choice Corporate Serv ices Private Limited) from one of its subsidiary Choice Consultancy Serv ices Private Limited by investing an agreega te amount of Rs. 6,22,00,000 through the acquisition of I 0,000 equity shares whose face value is Rs. IO per share. Consequently Choice Proptech Solutions Private Limited (Fonnerly known as Choice Corporate Serv ices Private Limited) became a subs idiary of the Compan y with effect from August 20, 2026. IO The Board of Directors of the Company, at its meeting held on Novembe r 02, 2026, has cons idered and recommended for the issue of bonus equity shares to the existing share holders of the Compan y, subject to the approval of shareholders and other app licable statutory and regulatory approva ls, as may be required . The proposed bonus shares shall be issued in the ratio of [I : I]. i.e., one new fully paid-up equity share of Rs. IO each for every one existing fully paid-up equity share of Rs. IO each held by the eligible shareho lders as on the Record Date to be determined by the Board of Directors. 11 The figures for the quarter ended Septe mber 30, 2026 and September 30, 2025 are the balanc ing figures between figures for half year ended September 30, 2026 and September 30, 2025 and figures for the quarter ended June 30, 2026 and June 30, 2025 respectivel y, 12 Previous quarter/ period I year figures have been regrouped / rearranged/ reclass ified, wherever considered necessary, to confim1 to the current period classi fication . 13 The standalone financia l results for the quarter and half year ended September 30, 2026, as submitted to stock exchange are also available on our websi te www.choiceindia .com. Place : Mumbai Date: November 02, 2026 Choice International Limited Sunil Patodia Tower , J B :-,agar, Andhcri East, Mumbai - 400099 T T91 22 67079999 E info @choiceindia.com CI:\' No. L6-190)-IH 1993PLCon117 www.choiceindia.com Letterhead~. Keeping words official. For and on behalf of the Board of Director s Arun Poddar CEO and Director DIN: 028 19581
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MSKA & Associates LLP (Formerly known as MS KA & Associates) Chartered Accountants HO 602, Floor 6, Raheja Titanium Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E) Mumbai 400063, INDIA Tel: +91 22 6974 0200 Independent Auditor's Review Report on unaudited standalone financial results of Choice International Limit ed for t he quarter and half year ended September 30, 2026, pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To, The Board of Director s, Choice International Limit ed 1. We have reviewed the accompanying statement of unaudited standalone financial results of Choice International Limited (hereinafte r referred to as the "Company"), for the quarter and half year ended September 30, 2026 (the "Statement") attached herewith, being submitte d by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Regulations"). 2. This Statement, which is the responsibility of the Company's Management and has been 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 "Int erim Financial Reporting", prescribed under Section 133 of the Companies Act, 2013 (the "Act") read with relevant rules issued thereunder ("Ind AS 34") and other recognised accounting principles generally accepted in India and is in compliance with the 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. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement free from material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytica l and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all signifi cant matters that might be identifi ed in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attent ion that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For MS KA 8: Associates LLP (Formerly known as M S KA 8: Associates) Chartered Accountants l;;~•tc;:;;;z /W10.,111!8~7!!!!!!!~~ Prateek Khandelwal Partner Membership Number: 139144 UDIN: 2.bl:!>~14'-t LLt.JHK NB,35 Mumbai November 02, 2026 Page 1 of 1 Registered Office : 602, Raheja Titanium, Western Express Highway, Goregaon (East), Mumbai-400063, Maharashtra, India Tel: +91 22 6974 0200 I LLPIN: ACT-3789 Ahmedabad I Bengaluru I Chandigarh I Chennai I Coimbatore I Goa I Gurugram I Hyderabad I Kochi I Kolkata I Pune www.mska.in