Interim report
Page 1
October 26, 2026 National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, C – 1, Block G Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Mumbai-400 051 Mumbai 400 001 Symbol: ACEVECTOR Scrip Code: 544962 Subject: Outcome of Board Meeting held on October 26, 2026 Dear Sir/Madam, Greetings from AceVector Limited (“Company”). We wish to inform you that pursuant to Regulations 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘ SEBI Listing Regulations’) as amended, the Board of Directors of the Company (‘the Board’), at its Meeting held today, i.e., Monday, the 26th day of October, 2026, has inter-alia:- 1. Approved the Unaudited Financial Results (Standalone and Consolidated) along with the Limited Review Reports of the Company for the Quarter ended June 30, 2026, pursuant to regulation 33(3)(j) of SEBI Listing Regulations. Copy of the said results along with the Limited Review Reports issued by the Statutory Auditors of the Company are enclosed as ‘Annexure- A’ herewith for your record. 2. Approved the Unaudited Financial Results (Standalone and Consolidated) along with the Limited Review Reports of the Company for the Quarter and half year ended on September 30, 2026, pursuant to Regulation 33(3)(a) & 33(3)(c)(i) of SEBI Listing Regulations. Copy of the said results along with the Limited Review Reports issued by the Statutory Auditors of the Company are enclosed as ‘Annexure- B’ herewith for your record. 3. Took note of the Resignation tendered by Mr. Prabhas Singh (Membership No. –A45753) as Company Secretary and Compliance officer of the Company vide his resignation letter dated October 23, 2026, which shall be effective from October 26, 2026 for the reasons stated in the Resignation Letter. The details under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with read with Para A of Part A of Schedule III of the SEBI Listing Regulations and SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are given in enclosed ‘Annexure- C’ herewith for your record. 4. Approved the appointment of Mr. Madhvendra Shukla (Membership Number F-12097) as the Company Secretary & Compliance Officer (Key Managerial Personnel) of the Company, with effect from October 26, 2026.
Page 2
The details under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Para A of Part A of Schedule III of the SEBI Listing Regulations and SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are given in enclosed ‘Annexure- D’ herewith for your record. 5. Change in designation of Mr. Akhil Kumar Gupta (DIN: 00028728) from Nominee Director to Additional Non- Executive Director and further recommends appointment as Non- Executive Director of the Company to the shareholders of the Company at the ensuing Annual General Meeting of the Company and such other approvals and compliances as applicable. The details under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with read with Para A of Part A of Schedule III of the SEBI Listing Regulations and SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are given in enclosed ‘Annexure- E’ herewith for your record. The same will be available on the website of the Company at https:/www.acevector.com/results. The Board Meeting commenced at 04:00 P.M. and concluded at 4:50 P.M. Please take the aforementioned information in your record and oblige. Thanking you, For AceVector Limited ___________ Kunal Bahl Joint Managing Director DIN: 01761033 Encl.: As above
Page 3
S.R. BATL/B01 & ASSOCIATES LLP Chartered Acco unta nt s 4t h Floor, Office 405 World Mark · 2, Asset No. 8 IGI Airport Hospita lity Distr ict, Aerocity New Delhi · 110 037 , India Tel : +9 1 11 4681 9500 Independent Auditor's Review Report on the Quarterly Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Ace Vector Limited 1. We have reviewed the accompanying Statement of unaudited consolidated financial results of AceYector Limited (the " Holding Company ") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group ") for the quarter ended June 30, 2026 (the "Statement ") attached herewith , being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 , as amended (the " Listing Regulations "). 2. The Holding Company ' s Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) " Interim Financial Reporting " prescribed under Section 133 of the Companies Act , 2013 as amended , read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Holding Company's Board of Directors. Our responsibility is to express a conclus ion 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 is free of material misstatement. A review of interim financial information consists of making inquiries , primarily of persons responsible for financial and accounting matters , and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly , we do not express an audit opinion. We also performed procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations , to the extent applicable. 4. The Statement includes the results of the following entities S.No. A. I B. I II C. I Name of Company Holding Company AceVector Limited Subsidiaries Stellaro Brands Private Limited Unicommerce eSolutions Limited Step Down Subsidiary Shipway technologies Private Limited (subsidiary of Unicommerce eSolutions Limited) S.R. Ball1bo1 & Assoc iates LLP, a L1m1led L1a b11ity Par t11ersh1p ,•11th LL P Ident ity No. AA B-11 295 Reqd. Office : 22 , Ca1nac Stre et. Block ·a-. 3rd Floor. Kolkata· 700 O 16 Annexure - A
Page 4
S.R. BATL/80/ & ASSOCIATES LLP Chartered Accountants 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the audit reports of other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement , prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS ' ) specified under Section 133 of the Companies Act, 2013 , as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India , has not disclosed the information required to be disclosed in terms of the Listing Regulations , including the manner in which it is to be disclosed , or that it contains any material misstatement. 6. The accompanying Statement includes the audited interim financial results and other financial information , in respect of 3 subsidiaries , whose audited interim financial results include total revenues of Rs 561.73 million, total net profit after tax of Rs. 24 .85 million , total comprehensive income of Rs. 21. 71 million, for the quarter ended June 30, 2026 , as considered in the Statement which have been audited by their respective independent auditors. The independent auditor's reports on interim financial results of these entities have been furnished to us by the Management and our conclusion on the Statement , in so far as it relates to the amounts and disclosures in respect of these subsidiaries is based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above . Our conclusion on the Statement in respect of matters stated in paragraph 6 is not modified with respect to our reliance on the work done and the reports of the other auditors. 7. The accompanying Statement of quarterly financial results include unaudited consolidated financial results and other unaudited consolidated financial infonnation for the quarter ended June 30, 2025 and quarter ended March 31, 2026 which have been solely based on the information compiled by the management and approved by the Board of Directors but have not been subjected to an audit or review. For S.R. Batliboi & Associates LLP Chartered Accountants ICAI Firm registration number: 101049W/E300004 ¥ per Y ogesh Mid ha Partner Membership No.: 094941 UDIN: 26094941WMUUGT9011 Place: New Delhi Date: October 26, 2026
Page 5
AceVector Limited CIN: U72300DL2007PLCl68097 Mczznnine Floor, A-83 Okhla Industrial Area, Okhla Phase-II New Delhi South Delhi-110020. Statement of Unaudited consolidated financial results for the quarter ended June 30, 2026 (All amounts in Rs. million except as stated otherwise) Particulars Income Revenue from operations Other income Total income (I) Expenses For the quarter ended June 30, 2026 (Unaudited) 1,343.05 17.88 1,360.93 ----- ,c-urchasc-of-traded-goods-------------------------- &-8'. Changes in inventories of traded goods Logistics expense Employee benefits expense Finance costs Depreciation and amortisation expense Other expenses Total expense (II) Loss before exceptional items (III= II - I ) Exceptional items (IV) Loss for the period/year before tux (V- Ill-IV) Current tax Adjustment of tax relating to earlier year Deferred tax Jn~ome tax expense (VJ) Loss for the period/year after tax (VII= V-VJ) Other comprehensive income/(loss) Other comprehensive income not to be reclassified to profit or loss in subsequent period's Re-measurement losses on defined benefit plans Income tax effect Other comprehensive loss for the period/year, net of tax (VIII) Total comprehensive loss for the period/year, net of tax (IX= VII-VIII) Loss for the period/year Attributable to: Equity holders of the parent Non-controlling interests Other comprehensive income for the period/year Attributable to: Equity holders of the parent Non-contro1ling interests Total comprehensive loss for the period/year Attributable to: Equity holders of the parent Non~controlling interests Paid~up equity share capital Other Equity Earnings per equity share [nominal value of share Re.1 (not annualised for the quarter)] Basic and Diluted (loss) per equity share computed on the basis of loss attributable to equity holders of the Company [ In Rs.] (13.69) 660.27 448.52 13.87 31.20 436.56 1,615.60 (254.67) (254.67) 24.13 (25.24) (J.ll) (253.56) (8.28) 0.70 (7.58) (26l.l4) (253.56) (288.09) 34.53 (7.58) (5.68) (1.90) (26l.l4) (293.77) 32.63 454.50 (0 62) For the quarter ended March 31, 2026 (Unaudited) (Refer Nole l) 1,291.78 176.23 1,468,01 2.8 (2.50) 670.80 440.26 6.45 29.63 405.80 1,573.32 (105,31) (105.31) 23.19 3.68 (182) 25,05 (130.36) (0.14) (0.14) (0.28) (130.64) (130.36) (153.04) 22.68 (0.28) 2.59 (2.87) (130.64) (150.45) 19.81 450.89 (0.33) For the quarter ended June 30, 2025 (Unnudiled) (Refer Nole 1) 1,151.57 55.71 1,207.28 ~ 6 (343) 530.87 393.61 10.67 47.52 329.29 1,324.20 (ll6.92) (ll6,92) 18.21 (5.54) 12,67 (129.59) (0.80) 0.25 (0.55) (130.14) (129.59) (157.98) 28.39 (0.55) (0.01) (0.54) (130.14) (157.99) 27.85 439.64 (0.35) For the year ended March 31, 2026 (Audited) 5,103.81 272.84 5,376.65 -9-2 (14.33) 2,403.55 1,688.59 20.90 132.98 1,441.31 5,752.20 (375.55) (375.55) 8947 3.68 (9.96) 83.19 (458.74) 0.48 (0.26) 0.22 (458,52) (458.74) (61148) 152.74 0.22 0.69 (047) (458.52) (610.80) 152.28 450.89 569.92 (1.32)
Page 6
AceVector Limited CIN: U72300DL2007PLC168097 Mezz,mine Floor,A-83 Okhla Industrial Area, Okhla Phase-II New Delhi South Delhi -110020. Notes to statement of unaudited consolidated financial results for the quarter ended June 30, 2026 This Statement of unaudited consolidated financial results of Ace Vector Limited (the "Holding Company" or the "Company") and its subsidiaries (together referred as the "Group") 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 relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33, Securities and Exchange Board oflndia (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. These unaudited consolidated financial results has been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on October 26, 2026. The figures of the quarter ended June 30, 2025 and quarter ended March 31 , 2026 has been prepared by the management and approved by Board of Directors but have not heen suhiecte cl t.o review or audit hv the statutorv auditors. 2 Pursuant to Initial Public Offering "IPO" as explained in note 3 below, the Statement of unaudited consolidated financial Results of Ace Vector Limited for the quarter ended June 30, 2026, is drawn up for the first time in accordance with the Regulation 33 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. 3 Subsequent to the quarter ended June 30, 2026, the Company has completed its Initial Public Offer (!PO) of 131,250,000 equity shares of face value Rs. I each. The issue comprised of 89,687,500 shares offered as fresh issue and 41,562,500 shares offered as offer for sale aggregating to Rs. 4,200 million. Pursuant to the !PO, the Equity Shares of the Company got listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on October 05, 2026. 4 The Group's operating businesses are organised and managed separately based on the nature of products and services offered, with each segment representing a strategic business unit that offers different products that serve different markets. The Group's operations comprise three reportable segments: Marketplace, SaaS and Consumer Brands. The Chief Operating Decision Maker (CODM), comprising the Joint Managing Directors and the Board of Directors, reviews segment performance and allocates resources based on revenue. material expenses and results. (All amounts in Rs. Million) Particulars For the nuarter ended For the Year ended June 30. 2026 March 31 2026 June 30. 2025 March 31. 2026 Se,.ment Revenue from ooeratioos Marketplace 782.61 736.30 678.75 2.936.75 SaaS 513.70 516.28 449.34 2 043.38 Consumer Brands 48.03 40.43 25.95 128,07 Inter seoment eliminations (1.29) (1.23) (2.47) (4.39) Total 1.343.05 1.291.78 1 151.57 5.103.81 Seement Other Income Marketolace 23.15 184.75 67.72 318.87 SaaS 14.15 11.81 8.29 40.84 Consumer Brands 0.15 0.12 0.10 0.51 Inter sel!111ent eliminations /19.57) /20.45) /20.40) /87.38) Total 17.88 176.23 55.71 272.84 Seement Total Income Marketolace 805.76 921.05 746.47 3 255.62 SaaS 527.85 528.09 457.63 2 084.22 Consumer Brands 48.18 40.55 26.05 128.58 Inter seoment eliminations /20.86) /21.68) (22.87) (91.77) Total 1.160.93 1.468.01 1.207.28 5-176.65 Seement Results Marketolace (270.05) (133.10) (136.35) (369.52) SaaS 47.76 61.19 53.11 295.58 Consumer Brands (I 8.52) (24.18) (22.04) /88.53) Inter seoment eliminations 0.01 (2.77) !0.97) /192. I 8) Total (240.80) /98.86) (106.25) (354.65) Less: Finance Cost 13.87 6.45 10.67 20.90 Loss Before Tax & Exceotional Items (254.67) (105.31) (116.92) /375.55) Less: Excentional Items - - - Loss Before Tax /254.67) (105.31) (116.92) /375.55) Less: Income Taxes (1.11) 25.05 12.67 83.19 Loss for the neriod / vear (253.56) (130.36) (129.59) (458.74) 5 The results for the quarter ended June 30, 2026 are available on the company website (https://acevector.com), Bombay Stock Exchange of India Limited website (https://www.bseindia.com/corporates) and the National Stock Exchange of India Limited website (https://www.nseindia.com/corporates). For AceVector Limited lf SA 7 crn,"i:[{;DL Kunal Bahl Joint Managing Director (DIN-0176 I 033) Place of Signature: Gurugram Date: October 26. 2026
Page 7
S.R. BATLIBOI & ASSOCIATES LLP 4th Floor, Office 405 World Mark - 2, Asset No. 8 Cha rt ered Acc ounta nts IGI Airp ort Hospitalit y District. Aerocit y New Delhi - 110 037, India Tel : +91 11 4681 9500 Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Ace-Vector bimited I. We have reviewed the accompanying statement of unaudited standalone financial results of AceVector Limited (the "Company ") for the quarter ended June 30, 2026 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations , 2015 , as amended (the " Listing Regulations "). 2. The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting " prescribed under Section 133 of the Companies Act, 2013 as amended , read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company 's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 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 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. Accordingl y, we do not express an audit opm1on. 4. Based on our review conducted as above , nothing has come to our attention that causes us to --------- ~e.lie_¥..e_th.aLthe_ac_c.omp.an..ying_S1atem.ent,_p.repare_d_in_ac.c.o.rdanc.e_witlLthe-1:eco.gnitio.1Lan...__ _____ _ measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act , 2013 as amended , read with relevant rules issued thereunder and other accounting principles generally accepted in India , has not disclosed the information required to be disclosed in terms of the Listing Regulations , including the manner in which it is to be disclosed , or that it contains any material misstatement. SR . Batl1bo1 & Assoc iat es LLP, a Ltmrted L1ab1hly Part nership v11th LL P Iden t ity Ne AA B-'1 295 Regel. Offi ce ; 22. Cam,1e Str eet, Block 'B', 3rd r ioor. Kolkat.:i· 700 O l fi
Page 8
S.R. BATL/801 & ASSOCIATES LLP Chartered Accountants 5. The accompanying Statement of quarterly financial results include unaudited interim financial results and other unaudited financial infonnation for the quarter ended June 30, 2025 and quarter ended March 31, 2026 which have been solely based on the infonnation compiled by the management and approved by the Board of Directors but have not been subjected to an audit or review. For-S;-R--;-----BA-1'hIBG I--& ASSE>G-IA-.'.f-E-S-----hhP Chartered Accountants ~ cg;stratfon number: IO I 049W /£300004 per Yogesh Midha Partner Membership No.: 094941 UDIN: 26094941LCDXYY963 l Place New Delhi Date October 26, 2026
Page 9
Ace Vector Limited CIN: U72300DL2007PLCJ68097 Mezza nine Floor, A-83 Okhla Industrial Area, Okh la Phase-II New Delhi South Delhi -110020. Statement of Unaudited sta nda lone financia l results for the quarte r ended June 30, 2026 (All amounts in Rs. million except as stated othenoise) Particulars Income Revenue from operations Other income Total income (I) Expenses Logistics expense Employee benefits expense Finance costs Depreciation and amortisation expense Otl1er expenses Total expense (II) Loss before exceptional items (III= II - I ) Exceptional items (IV) Loss for the period/year before tax (V= III-IV) Income tax expense (VJ) Loss for the period/year after tax (VII= V-VJ) Other comprehensive income Other comprehensive income not to be reclassified to profit or loss in subsequent period's Re-measurement losses on defined benefit plans Income tax effect Other comprehensive loss for the period/year, net of tax (VIII) Total comprehensive loss for the period/year, net of tax (IX= VII-VIII) Paid-up equity share capital Other Equity Earnings per equity share [nominal value of share Re. I] (not annualised for the quarter) Basic and Diluted (Joss) per equity share computed on tl1e basis of loss attributable to equity holders of the Company [ In Rs.] For the quarter ended June 30, 2026 (Unaudited) 782.61 23.15 805.76 527.95 217.69 8.37 6.00 324.17 1,084.18 (278.42) (278.42) (278.42) (4.44) (4.44) (282.86) 454.50 (0.60) For the quarter ended March 31, 2026 (Unaudited) (Refer Note I ) 736.30 184.75 921.05 509.46 225.73 l.66 5.98 312.98 1,055.81 (134.76) (134.76) (134.76) 3.59 3.59 (131.17) 450.89 (0.29) For the quarter ended June 30, 2025 (Unaudited) (Refer Note I) 678.75 67.72 746.47 418.61 228 .94 4.44 6.16 229.11 887.26 (140.79) (140.79) (140.79) 0.75 0.75 (140.04) 439 .64 (0.31) For the year ended March 31, 2026 (Audited) 2,936.75 318.87 3,255.62 1,842.03 897.46 10.67 24.16 861.49 3,635.81 (380.19) (380.19) (380.19) 0.87 0.87 (379.32) 450.89 477.31 (0.82)
Page 10
Ace Vector Limited CIN: U72300DL2007PLCI68097 Mezzanine Floor, A-83 Okhla Industrial Arca, Okhla Phase-II New Delhi South Delhi -110020. Notes to statement of unaudited standalone financial results for the quarter ended June 30, 2026 This statement of unaudited standalone financial results of Ace Vector Limited (the "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 Act, 2013 as amended, read with relevant mles issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33, Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. These unaudited standalone financial results has been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on October 26, 2026. 2 Pursuant to Initial Public Offering "IPO" as explained in note 3 below, the statement of unaudited standalone financial results of the Company for the quarter ended June 30, 2026, is drawn up for the first time in accordance with the Regulation 33 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. 3 Subsequent to the quarter ended June 30, 2026, the Company has completed its Initial Public Offer (IPO) of 13 I,250,000 equity shares of face value Re. I each. The issue comprised of 89,687,500 shares offered as fresh issue and 41 ,562,500 shares offered as offer for sale aggregating to Rs. 4,200 million. Pursuant to the IPO, the Equity Shares of the Company got listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on October 05, 2026. 4 The results for the quarter ended June 30, 2026 are available on the company website (https://acevector.com), Bombay Stock Exchange of India Limited website (https://www .bseindia.com/corporates) and the National Stock Exchange of India Limited website (https://www.nseindia.com /corporates). For Ace Vector Limited CIN,U72300DL200J11 K~ Kuna! Bahl Joint Managing Director (DIN-01761033) Place of Signature: Gumgram Date: October 26, 2026
Page 11
S.R. BATLIBOI & ASSOCIATES LLP Charte red Acco •Jnt ant s 4th Floor, Office 405 World Mark· 2, Asset No. 8 IGI Airport Hospita lity District, Aerocity New Delr,i • 110 037, India Tel : +9 1 11 4681 9500 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 Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Ace Vector Limited 1. We have reviewed the accompanying Statement of unaudited consolidated financial results of AceVector Limited (the " Holding Company ") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group ") for the quarter ended September 30, 2026 and year to date from April O 1, 2026 to September 30, 2026 (the "Statement ") attached herewith , being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations , 2015 , as amended (the "Listing Regulations "). 2. The Holding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) " Interim Financial Reporting " prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Stat ement has been approved by the Holding Company ' s Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accord ance with the Standard on Review Engagements (SRE) 2410 , "Review oflnterim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. Thi s standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries , primarily of persons responsible for financial and accounting matters , and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly , we do not expres s an audit opinion. We also perfotmed procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent _______ _p.p.lic_aJ~ ~ --------------------------------------- 4. The Statement includes the results of the following entities: S.No. A. I B. I II C. I Name of Company Holding Company AceVector Limited Subsidiaries Stellaro Brands Private Limited Unicommerce eSolutions Limited Step Down Subsidiary Shipway technologies Private Limited (subsidiary of Unicommerce eSolutions Limited) S.R. B<1tl1bo1 & Associates LLP, a l 1m1ted U ab1l1ty Partners hip wit h LLP ldc nfity No. AAB -'1295 Reqd. Offi ce : 22. Camac Stre et, Blnck ·s·. 3rd floor, Kolkata-700 OJ 6 Annexure - B
Page 12
S.R. BATL/80/ & ASSOCIATES LLP Chartered Accountants 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the audit reports of other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. The accompanying Statement includes the audited interim financial results and other financial information, in respect of 3 subsidiaries, whose audited interim financial results/statements include total assets of Rs. 357.70 million as at September 30, 2026, total revenues of Rs 652.22 million and Rs 1,213.95 million, total net profit after tax of Rs. 39.97 million and Rs. 64.82 million, total comprehensive income of Rs. 39 .99 million and Rs. 61. 70 m ii lion, for the quarter ended September 30, 2026 and the period ended on that date respectively, and net cash outflows of Rs. 25.19 million for the period from April O I, 2026 to September 30, 2026, as considered in the Statement which have been audited by their respective independent auditors. The independent auditor's repo11s on interim financial results of these entities have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these subsidiaries is based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement in respect of matters stated in paragraph 6 is not modified with respect to our reliance on the work done and the reports of the other auditors. 7. The accompanying Statement of quarterly financial results include unaudited consolidated financial results and other unaudited consolidated financial information for the quarter ended September 30, 2025 which have been solely based on the information compiled by the management and approved by the Board of Directors but have not been subjected to an audit or review For S.R. Batliboi & Associates LLP Chartered Accountants ICAI Firm registration number: 101049W/E300004 ~ per Yogesh Midha Partner Membership No.: 094941 UDIN: 26094941DPGANN6011 Place: New Delhi Date: October 26, 2026
Page 13
Acc\'cctor Limited CIN: l/72JOODL2007PLC 168097 J\.IC1.Zaninc Fl1101·, A.SJ Okhla lndustrinl Arcll, Okhla Phase-II New Delhi South Delhi -110020. Statcmenl of unaudited financial resulls for the cunsolid111ed financial results for the quarter and half year ended September 30, 202<, (All amounts in Rs. million e:m!pt as stated othcnrisc) Particuhtrs For the quarter ended For the quarter ended For the quarter ended For the half year ended For the half year ended For the )·car ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 (Unaudited) (Unaudited) (Unaudiled) (Unaudited) (Audited) (Audited) (Refer Note 1) Jncnmc Re\"enuc from operations 1,511.9:' 1,343.05 1,292.64 2)!55.U0 2,444 .21 5,103 .81 Other income 26.17 17.88 19.17 44.05 74.88 272.84 Total income (I) 1,538.12 1,360.93 l,3ll.81 2,899.05 2,519.09 5,376.65 Expenses Purchase of traded goods 37.% 38.87 105.12 76.83 38.26 79.20 Changes in inventories of trad ed goods (4.05) (13 .69) (87.86) (17.74) (8.76) (14.33) ogiSti . p 1"4:26 60:2 94:8 ;374:l :J1l:G ,:iro:-s·!I Employee benefits expense 459.83 448.52 420.17 908.35 813.78 l .688.59 Finance costs 25.77 13.87 (1.42) 39.64 9.25 20.90 Depreciation and amortisation expense 32.12 31.20 27.70 63.32 75.22 132.98 Other expenses 420.67 436.56 328.26 857.23 657.55 1,441.31 Total cs1,cnsc (II) 1,686.56 1,615.60 1,386.77 3,302.16 2,710.97 5,752.20 Profit/(Loss) before cxceptionaJ items (JII 111 II - I) (148,44) (254,67) (74.96) (403,ll) (191.88) (375,55) Exceptional ilems (IV) (13.07) (13.07) Loss for the period/)·car before tax (V-= III-IV) (161.51) (254.67) (74.96) (416.18) (191.88) (375,55) Current tax 27.99 24.13 20.92 52.12 39.13 89.47 Adjustment of tax relating to earlier year 3.68 Deferred tax (13.52) (25.24) (0.85) (38.76) (6.39) (9.96) Income lax ei.:pcnse (VI) 14.47 (1.11) 20.07 13.36 32,74 83.19 Loss for the period/year after tat (VII= V~VI) (175,98) (253,56) (95,03) (429,54) (224.62) (458,74) Other comprehensive income/(loss) Other comprchcnsh·c income not to be reclassified to profit or loss in subsequent period's Re-measurement losses on defined benefit plans 1.73 (8.28) 1.51 (6.55) U.71 U.48 lncomctnxcffect (0.04) 0.70 0.04 0.66 0.29 (0.26) Other comprchensiw loss for the period/ycnr, net of tax (VIII) 1.69 (7.58) 1.5:; (5,89) 1.00 0.22 Total comprehensi\"e loss for the period/year, net or 1:u: (174.29) (261.14) (93.48) (435.43) (223,62) (458,52) (IX• Vll•Vlll) Loss for the peiiod/year (175.98) (253.56) (95.03) (429.54) (224,62) (458 ,74) Attributable to: Equity holders of the parent (223.18) (288 .09) (139.15) (511.27) (297.13) (611.48) Non-controlling interests 47.20 34 .53 44.12 81.73 72.51 152.74 Other comprehensive income for the period/Jear 1.69 (7.58) 1.55 (5,89) 1.00 0,22 Attributable to : Equity holders of the parent 1.49 (5.68) 1.57 (4.19) l.l6 0.69 Non-controlling interests 0.20 (1.90) (0.02) (1.70) (0.56) (0.47) Total comprehensin loss for the period/year (174.29) (261.14) (93.48) (435,43) (223.62) (458,52) Attributnble to : Equity holders of the parent (221.69) (293 .77) (137 .5R) (515.46) (295.57) (610.80) Non-controlling interests 47.40 32.63 44.10 80.03 71.95 152.28 Paid-up equity share capital 544.19 454 .50 448.69 5-14.19 448.69 450.89 Other Equity 569.92 Eaminss per equity share [nominal rnlue of share Re. I ] {not a.nnunlise<l for the quarter nnd hnlfycar) Basic and Diluted (loss) per equity share computed on the basis of (0.48) (0.62) (0.31) (1.10) (0.65) (1 .32) cm-nttributnble-to-cqtti~-holden>Of•lhc->C-ompnn~•+-ln-R, :-
Page 14
Ace Vector Limited CIN: U72300DL2007PLC168097 Mezzanine Floor, A-83 Okhla Industrial Area, Okhla Phase-II New Delhi South Delhi -110020. Statement of unaudited consolidated assets & liabilities (All amounts in Rs. million except as stated othenvise) As at Particulars September 30, 2026 (Unaudited) Assets Non-current assets Property, plant and equipment 68.94 Goodwill 1,965.05 ------- <-1- ther-lntangible-asseto------------------------------ -3.Sc9 Intangible assets under development Right-of-use assets Financial assets Other financial assets Prepayments Non current tax asset (net) Deferred tax assets (net) Total non-current assets Current assets Inventories Financial assets Investments Trade receivables Cash and cash equivalents Bank balances other than cash and cash equivalents Other financial assets Prepayments Other current assets Total current assets Total assets Equity and liabilities Eqnity Equity share capital Other equity Equity attributable to equity holders of the parent Non-controlling interests Total equity Liabilities Non-current liabilities Financial liabilities 182.70 159.59 108.94 30.00 19.78 2,873.94 45.94 490.42 270.42 92.93 82.50 4,484.19 125.54 527.33 6,119.27 8 993.21 544.19 2,650.74 3 194.93 1,794.69 4 989.62 Borrowings 472.80 As at March 31, 2026 (Unaudited) 53.62 1,965.05 64+ 195.24 377.83 109.40 45.80 34.97 3,146.02 27.03 311.87 229.52 174.69 31.50 1,074.48 236.92 520.77 2,606.78 5 752.80 450.89 569.92 l 020.81 1,582.70 2 603.51 Lease liabilities 149.16 162.68 Other financial liabilities 1.28 0.36 Provisions 98.09 90.32 ------ ~clerrecLtax..liabilities..(ne.t.,_ ____________________ -======= =3.J.=========== =.3,="4==------------1 Total non-current liabilities 755.06 341.70 Current liabilities Financial liabilities Borrowings Lease liabilities Trade payables total outstanding dues of micro enterprises and small enterprises total outstanding dues of creditors other than micro enterprises and small enterprises Other financial liabilities Other current liabilities Provisions Current tax liabilities (net) Total current liabilities Total liabilities Total equity and liabilities 27.98 47.30 79.89 1,467.63 1,107.43 381.44 82.67 54.19 3,248.53 4,003.59 8,993.21 42.24 82.99 982.40 1,281.45 309.30 77.38 31.83 2,807.59 3,149.29 5,752.80
Page 15
AceVector Limited CJN: U72300DL2007PLCl68097 Mczz:mine Floor, A-83 Okhla Industrial Arca. Okhla Phase-II New Delhi South Delhi -JI 0020. Statement of unaudited consolidated cash flows (All amounts in Rs. million except as stated othen,·ise) Particulars Cash flows from operating acti\'ities Loss before tax for the period Adjustment to reconcile loss before tax for the year to net cash flows: For the half year ended September 30, 2026 (Unaudited) (416.18) Depreciation and amortisation expense 63.33 Exceptional item I 3.07 Expected credit loss on trade receivables 1.86 Provision for doubtful advances 15.68 Gain on sale of property, plant and equipment (0.37) For the half year ended September 30, 2025 (Audited) (I 91.88) 75.22 (I 0.90) 1.20 (0.01) -------- -Rad-debts-h!dvances-writterro•"'------------------------------------- -(\:9 6,------------,,------ ---- Share-based payment expense 98.31 Exchange differences (net) 0.52 Interest on lease liabilities 11.17 Interest on borrowings 25.63 Interest on micro enterprises and small enterprises under Micro, Small and Medium Enterp1ises Development 2.82 (MSMED) Act, 2006 Liabilities no longer required written back Interest income on bank deposits Net gain on sale of current investments Mark to market gain on current investments Unwinding of discount on fmancial assets at amortised cost Operating loss before working capital changes Working capital adjustments: Increase in trade and other payables Increase/(Decrease) in provisions Increase/(Decrease) in financial and other liabilities lncrease in inventories (lncrease)/Decreasc in trade receivables Increase in prepayments Increase in financial and other assets Cash flows used in operations Income tax refund/(paidl (net of tax paid) Net cash flows from/ (used in) operating activities (A) Cash flows from investin2 activities Purchase of property, plant and equipment and intangible assets Proceeds from sale of propei1y, plant and equipment and intangible assets (Purchase)/Sale of current investments (net) Investment in bank deposits Redemption of bank deposits Interest received Net cash flows used in investing activities (B) Cash flows from financine activities Proceed from borrowings Payment of processing fees on borrowings Payment of interest on borrowings Issue of equity shares Expenses to initial public offer Pa)1nent of principal portion oflease liabilities Payment of interest portion of lease liabilities Net cash flows from I (used in) financing activities (C) Net increase/ (decrease) in cash and cash equh•alents Cash and cash equivalents at the beginning of the period/year Cash and cash equivalents at the end of the period Components of cash and cash equivalents: Cash on hand Balances with banks: - On current account - deposits with original maturity for less than 3 months - Bank overdraft Total Cash and cash equivalents (8.21) (19.80) (5.65) (10.45) (1.37) (229.28) 153.38 6.50 (86.78) (17.74) (62.28) (7.79) (122.66) (366.65) (13.95) (380.60) (33.77) 1.69 (162.45) (732.13) 673.58 10.21 (242.87) 500.00 (2.50) (25.33) 130.00 (30.09) (22.20) (11.15) 538.73 (84.74) 174.69 89.95 85.33 7.60 (2.98) 89.95 I 19.90 1.16 10.44 0.05 (1.24) (37.12) (1.61) (1.19) (35.98) 61.32 (4.86) 38.02 (8.32) 70.21 (137.11) (26.14) (42.86) 93.55 50.68 (29.48) 1.39 (138.79) (145.00) 280.0I 29.13 (2.74) (0.05) 0.32 (21.95) (10.44) (32.12) 15.82 77.03 92.85 0.05 92.80 92.85
Page 16
Acl'Veclor Limill'd CJN: U72300DL2007PLCl68097 Mczz:rninc Floor,A•83 Okhla Industria l Arca, Okh la Ph:1se-II New Delhi South Delhi -]10020. Note.Ii to statement of un:rndited consolidated fi nancial results for the quarter nnd half yea r ended Se1>tember 30, 2026 This Statement of unaudited i:onsolidatcd financial results of Ace Vector Limited (the ·'Holding Company" or the "Company") and its subsidiaries (together referred as the "Group") has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) Interim Financia l Reporting prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles genernlly accepted in India and in compliance with Regulation 33, Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 20 15, as amended. These unaudited consolidated financial results has been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on October 26, 2026. The figures of the quarter end September 30, 2025 has been prepared by the management and approved by the Board of Directors but have not been submitted to review or audit by the statutory audit 2 Subsequent to the quarter and half year ended September 30, 2026, the Company has completed its Initial Public Offer ()PO) of 131,250,000 equity shares of face value Re. I each. The issue comprised of89,687,500 shares offered as fresh issue and 41,562,500 shares offered as offer for sale aggregating to Rs. 4,200 million. Pursuant to the IPO, the Equity Shares of the Company got listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on October 05, 2026. ursuant to tFie ln1t1alTulilicl)lT~ieal lotment of eqmty shares was completed on September 30, 2026. The proceeds relatmg to the fresh issue of equity shares of Rs 2,870.00 million and offer expenses pertaining to selling shareholders of Rs 157.89 million aggregating to Rs. 3,027.89 million, which were receivable by the Company as at September 30, 2026, will be credited to the Company's bank account subsequent to the quarter end. Accordingly, the amount outstanding as at September 30, 2026 has been classified under "Other financial assets'' in these financial resu lts. Exceptiona l items includes expenses amounting to Rs 13.07 million incurred during the quarter ended September 30, 2026 and half year ended September 30, 2026 related to listing of Companies shares on the stock exchanges . S The Group's operating businesses are organised and managed separately based on the nature of products and services offered, with each segment representing a strategic business unit that offers different products that serve different markets. The Group's operations comprise three reportable segments: Marketplace, SaaS and Consumer Brands . The Chief Operating Decision Maker (CODM), comprising the Joint Managing Directors and the Board of Directors, reviews segment performance and allocates resources based on revenue, material expenses and results. (Amount in Rs million) Part iculars For the ouarter ended For the half vcar ended For the ,·ear ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 Septe mber 30, 2025 March 31, 2026 Sel!ment Re\'en ue from ooera tions Marketnlace 861.63 782.61 747.82 1,644.24 1,426.57 2,936.75 SaaS 590.78 513.70 513.82 1,104.48 963.16 2,043.38 Consumer Brands 61.44 48.03 31.63 109.47 57.58 128.07 Inter sel.!ment eliminations 0.90) (1.29) (0.63) (3 19) (3.10 (4 39) Tota l 1,511.95 1,343.05 1,292.64 2,855.00 2,444.2 1 5,103.81 Sel!ment Other Income Marketplace 27.39 23.15 36.77 50.54 104.49 318.87 SaaS 15.87 14.15 8.52 30.02 16.81 40.84 Consumer Brands 0.28 0.15 0.07 0.43 0.17 0.51 Inter sel?ment eliminations (17.37) (19.57 (26.19) (36.94) (46.59 (87.38) Total 26.17 17.88 19.17 44.05 74.88 272.84 Segment Tota l Income Marketolace 889.02 805.76 784.59 1,694.78 1,531.06 3,255.62 Sa,S 606.65 527.85 522.34 1,134.50 979.97 2,084.22 Consumer Brands 61.72 48.18 31.70 109.90 57.75 128.58 Inter segment eliminations (19.27) (2086) (26 82) (40.13) (49.69 (91 77) Total 1,538.12 1,360,93 1,311.81 2,899.05 2,519.09 5,376.65 Segment Results Marketplace (18290) (270.05) 55.53 (452.95) (80.82) (369.52) SaaS 80.30 47.76 79.84 128.06 132.95 295.58 Consumer Brands (20.o4) (I 8.52) (20.61) (3856) (42.59) (88.53) Inter se~ment eliminations (0.03) 0.01 (191.14) (0.02) (192.17) (192.18) Total (122.67) (240.80) (76.38) (363.47) (1 82,63) (354.65) Less: Finance Cost 25.77 13.87 (1.42) 39.64 9.25 20.90 Loss Before Tax & Except ional Items (148.44) (254.67) (74.96) (403.11) (191.88) (375.55) Less: Exceotiona l Items 13 07 - !3.o7 - Loss Before Tax 061.51\ (254.67) (74.96) (416.18) 1191.88) 1375.55) Less: Income Taxes 14.47 (I. I I) 20.07 13.36 32.74 83.19 Loss for the period/ year (175.98) (253.561 (95.03 (429.54) (224.62 ) (458.74 } 6 The results for the quarter and half year ended September 30, 2026 are available on the company website (https://acevector.com), Bombay Stock Exchange of India Limited website (https://www.bseinclia.com/corporates) and the National Stock Exchange of India Limited website (https://www.nseindia.conv'corporatcs Joint Managing Diredor (DIN- 01761033) Place of Signature: Guru gram Date: October 26, 2026
Page 17
S.R. BATL/80/ & ASSOCIATES LLP Chart ered A ccou nt ants 4th Floor, Office 405 World Mark - 2, Asset No. 8 IGI Airport Hospitali ty District, Aeroc ity New Delhi - 110 03 7, India Tel : +91 11 4681 9500 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors AceVector Limited I. We have reviewed the accompanying statement of unaudited standalone financial results of Ace Vector 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 the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations "). 2. The Company 's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting " prescribed under Section 133 of the Companies Act, 2013 as amended , read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 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 is free of material misstatement. A review of interim financial information consists of making inquiries , primarily of persons responsible for financial and accounting matters , and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opm1on. 4. Based on our review conducted as above, nothing has come to our attention that causes us to -------- --e----1e_v_e~ nar f e accompanying -la emen, preparea m accor ance wt n fne recogm 10n an measurement principles laid down in the aforesaid Indian Accounting Standards (' Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations , including the manner in which it is to be disclosed, or that it contains any material misstatement. SR. 8al l1bo1 e. Associate ~ LLP. a l1rn1l('d L1a b1Hty Partn ership ~·11th LLP Ident ity No. AAB·4295 Regel. Off ice : 22 . C.1mac Street. Block "B', 3rd Floor. Kolka ta· 700 O 16
Page 18
S.R. BATL/80/ & ASSOCIATES LLP Chartered Accountants 5. The accompanying Statement of quarterly financial results include unaudited interim financial results and other unaudited financial information for the quarter ended September 30, 2025 which have been solely based on the information compiled by the management and approved by the Board of Directors but have not been subjected to an audit or review. For S.R. BATLIBOI & ASSOCIATES LLP Chartered Accountants ICAI Firm registration number: 101049W/E300004 per Yogesh Midha Paitner Membership No.: 094941 U DIN: 26094941 LAA WVM267 6 Place New Delhi Date October 26, 2026
Page 19
AceVcctor Limited CIN: U72300DL2007PLCI68097 Mezzanine Floor, A-83 Okhla Industrial Area, Okhla Phase-II New Delhi South Delhi -I 10020. Particulars Assets Non-current assets Property, plant and equipment Intangible assets Right-of-use assets Investment in subsidiaries Fimmcia1 assets Other financial assets Prepayments Non current tax assets (net) Total non- current assets Current assets Financial assets Investments Trade receivables Cash and cash equivalent Bank balances other than cash and cash equivalent Other financial assets Prepayments Other current assets Total current assets Total assets Equity and liabilities Equity Equity share capital Otl1er equity Total equity Liabilities Non-current liabilities Financial liabilities Borrowings Lease liabilities Provisions Total non-current liabilities Current liabilities Fin::mcial liabilities Borrowings Lease liabilities Trade payables Statement of unaudited standalone assets & liabilities total outstanding dues of micro enterpri ses and smalJ enterprises total outstanding dues of creditors other than micro enterprises and small enterprises Other financial liabilities Other current liabilities Provisions Total current liabilities Total liabilities Total equity and liabilities (All amounts in Rs. million except as stated otherwise) As at As at September 30, 2026 March 31, 2026 (Unaudited) (Audited) 7.96 39.85 1,142.93 77.56 107.27 29.47 1,405.04 95.32 124.2 1 74.42 51.00 3,913.07 94.33 450.41 4,802.76 6,207.80 544.19 2,663.50 3,207.69 472.80 25.54 57.90 556.24 25.00 21.26 25.25 1,163.00 990.75 163.12 55.49 2,443.87 3,000.11 6 207.80 9.16 49.74 1,062.93 57.14 107.27 45.54 1,331.78 108.66 133.97 903.22 207.62 450.41 1,803.88 3,135.66 450.89 477.31 928.20 37.60 57.04 94.64 18.31 45.07 740.80 1,113.92 136.79 57.93 2,112.82 2,207.46 3.135.66
Page 20
ArcV<'ctor Limited CIN: U72300DU007PLCl68097 Mezzanine Floor, A-83 Okhla Industrial Area, Okhla Phase-II New Delhi South Delhi -110020. Statcm('nt of unaudited financial results for the standalone financial results for the quarter and half year ended September 30, 2026 (All amounts in Rs. million except as stated otherwise) Particulars For the quarter ended For the quarter ended For the quarter ended For the half year ended For the half )'ear ended For the year ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) (Audited) (Refer Note I) Income Revenue from operations 861 63 782.61 747.82 1,644.24 1,426.57 2,936.75 Other income 27.39 23.15 36.77 50.54 104.49 318.87 Total income (I) 889.02 805.76 784.59 1,694.78 1,531.06 3,255.62 Expenses Logistics e>.1>ense 548.42 527.95 457.93 1,076 37 876.54 1,842.03 Employee tienefifs expense 2'4:8 17:6 1T7 ijl!Z- ij27 9T4i Finance costs 19.94 8.37 2.77 28.31 7.21 10.67 Depreciation and amortisation expense 6.00 6.00 6.02 12.00 12.18 24.16 Other expenses 292.63 324.17 51.32 616.80 280.43 861.49 Total expense (II) 1,091.86 1,084.18 731.83 2,176.04 l,619.o9 3,635.81 Profit/(Loss) before exceptional items (III= II - I ) (202.84) (278.42) 52.76 (481.26) (88.03) (380.19) Exceptional items (IV) 13.07 13.07 Loss for the period/year before tax (V= III-IV} (215.91) (278.42) 52.76 (494.33) (88.03) (380.19) Income tax expense (VI) Profit/(Loss) for the period/year after tax (VII= V-VI) (215.91) (278.42) 52.76 (494.33) (88.03) (380.19) Other comprehensive income Other comprehensive income not to be reclassified to profit or loss in rubsequent period's Re-measurement losses on defined benefit plans 1.67 (4.44) 1.49 (2.77) 1.49 0.87 Income tax effect Other comprehensive loss for the period, net of tax 1.67 (4.44) 1.49 (2.77) 1.49 0.87 (VIII) Total comprehensin loss for the period/year, net of tax (214.24) (282.86) 54.25 (497.10) (86.54) (379.32) (IX= VII-VIII) Paid-up equity share capital 544.19 454.50 448.69 544.19 448.69 450.89 Other Equity 477.31 Loss per equity share [nominal value of share Re. I] (not annualised for qunr1er/and half year) Basic and Diluted (loss) per equity share computed on the (0.46) (0.60) 0.12 (1.06) (0.19) (0.82) basis ofloss attributable to equity holders of the Company [ In Rs.}
Page 21
Ace Vector Limited CIN: U72300DL2007PLCI68097 Mezzanine Floor, A-83 Okhla Industrial Area, Okhla Phase-II New Delhi South Delhi -110020. Statement of unaudited standalone cash flows (All amounts in Rs. million except as stated othenvise) Particulars Loss before tax for the period Adjustment to reconcile loss before tax for the year to net cash flows: For the half year ended September 30, 2026 (Unaudited) (494.33) Depreciation and amortisation expense 12.00 Exceptional item 13.07 For the half year ended September 30, 2025 (Audited) (88.03) 12.18 Provision for doubtful debts and advances (2.3 I) 1.20 ------- Expected.cr.edit..loss.on.tr.ade.r.ecei:vabl=------------------------------ --.1 -8<>--------- -<-l-M 0 .. 1----- --- Interest on borrowings 25.33 Liabilities no longer required written back (8.46) Bad debts I advances written off 0.36 Share-based payment expense 53.38 Interest on lease liability 2.99 Loss on sale of property, plant and equipment (0.14) Exchange differences (net) 0.52 Interest on micro enterprises and small enterprises under Micro, Small and Medium Ente1prises Development (MSMED) Act, 2006 Provision for diminution in value of investment Interest income on Bank deposits Gain on tennination oflease Interest income on finance lease Unwinding of discount on financial assets at amortised cost Mark to market on current investments Net gain on sale of current investments Operating loss before working capital changes Working capital adjustments: Increase in trade and other payables lncrease/(Decrease) in provisions Increase/(Decrease) in financial and other liabilities (Increase )/Decrease in trade receivables Decrease in prepayments Decrease in financial and other assets Cash used in operations Income Taxes refund/(net of taxes paid) Net Cash flows used in operating activities (A) Cash flow from investing activities Purchase of property, plant and equipment Proceeds from sale of property, plant and equipment Investment in subsidimy (Purchase)/Sale of current investments (net) Investment in bank deposits Redemption of bank deposits Interest received Net Cash flows from/(used in) from investing activities (B) Cash flows from financing activities Proceed from borrO\vings Payment of processing fees on borrO\vings Payment of interest on borrO\vings Issue of equity shares Expenses to initial public offer Payment of principal portion oflease liabilities Payment of interest portion of lease !abilities Net Cash flows from/(used in) in financing activities (C) Net increase/decrease in cash and cash equivalents (A+B+C) Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the period/year Components of cash and cash equivalents: Cash on hand Balances with banks: - on current account Total cash and cash equivalents (0.88) (085) (0.18) (5.17) (402.81) 105.24 (4.35) (88.40) (17.77) (7.46) (I 54.85) (570.40) 16.06 (554.34) (1.17) 0.14 (80.00) (89.97) (574.81) 673.58 6.73 (65.50) 500.00 (2.50) (25.03) 130.00 (30.09) (9.12) (2.97) 560.29 (59.55) 133.97 74.42 74.42 74.42 0.50 78.88 6.46 0.61 0.75 (191.01) (27.04) (0.36) (2.65) (1.08) (0.34) (1.08) (221.91) 9.10 6.80 4.54 40.95 (129.26) (48.88) (338.66) 132.10 (206.56) (0.86) (50.00) 66.08 (35.47) 170.95 40.15 190.85 0.32 (6.82) (6.46) (12.96) (28.67) 52.91 24.24 24.24 24.24
Page 22
Ace Vector Limited CIN: U72300DL2007PLCl68097 Mezzanine Floor, A-83 Okhla Industrial Area, Okhla Phase-II New Delhi South Delhi -110020. Notes to statement of unaudited standalone financial results for the quarter and half year ended September 30, 2026 This statement of unaudited standalone financial results AceVector Limited (the "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 Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33, Securities and Exchange Board oflndia (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. These Unaudited Standalone Financial Results has been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on October 26, 2026. The figures of the quarter end September 30, 2025 has been prepared by the management and approved by the Board of Directors but have not been submitted to review or audit by the stautory audit. 2 Subsequent to the quarter and half year ended September 30, 2026, the Company has completed its Initial Public Offer (IPO) of 131,250,000 equity shares of face value Rs. 1 each. The issue comprised of 89,687,500 shares offered as fresh issue and 41 ,562,500 shares offered as offer for sale aggregating to Rs. 4,200 million. Pursuant to the IPO, the Equity Shares of the Company got listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on October 05, 2026. 3 Pursuant to the Initial Public Offer, the allotment of equity shares was completed on September 30, 2026. The proceeds relating to the fresh issue of equity shares of Rs 2,870.00 million and offer expenses pertaining to selling shareholders of Rs 157.89 million aggregating to Rs. 3,027.89 million, which were receivable by the Company as at September 30, 2026, will be credited to the Company's bank account subsequent to the quarter end. Accordingly, the amount outstanding as at September 30, 2026 has been classified under "Other financial assets" in these financial results. 4 Exceptional items includes expenses amounting to Rs 13.07 million incurred during the quarter ended September 30, 2026 and half year ended September 30, 2026 related to listing of Companies shares on the stock exchanges. 5 The results for the quarter and half year ended September 30, 2026 are available on the company website (https://acevector.com) , Bombay Stock Exchange of India Limited website (https://www.bseindia.com/corporates) and the National Stock Exchange oflndia Limited website (https://www.nseindia.com/corporates). For Ace Vector Limited z:;itJJl '68097 -------- ~c1nftl-Ba-h·,___ _________ ...._.,._._. _____ .,...,__ _____ _,_..,,_._ , __ __,,_,,,._..,__ _____________ _ Joint Managing Director (DIN- 01761033) Place of Signature: Gurugram Date: October 26, 2026
Page 23
Annexure – C Detailed Disclosure as per Regulation 30 read with Para A of Part A of Schedule III of the SEBI Listing Regulations and SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Resignation of Mr. Prabhas Singh from the position of Company Secretary and Compliance Officer of the Company 1. Reason for change viz. appointment, re appointment, resignation, removal, death or otherwise Resignation of Mr. Prabhas Singh (Membership no. ACS – A45753) from the position of Company Secretary and Compliance Officer of the Company due to personal reasons and commitments, as stated in the Resignation letter. 2. Date of appointment/re- appointment/cessation (as applicable) & term of appointment/re appointment Resignation vide letter dated October 23, 2026 with effect from October 26, 2026. Copy of the Resignation Letter is attached herewith. Term of Appointment & Re-appointment – Not Applicable 3. Brief profile (in case of appointment) Not Applicable 4. Disclosure of relationships between directors (in case of appointment of a director) Mr. Prabhas Singh is not related to any other Director on the Board of the Company.
Page 25
Annexure – D Detailed Disclosure as per Regulation 30 read with Para A of Part A of Schedule III of the SEBI Listing Regulations and SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Appointment of Mr. Madhvendra Shukla, on the position of Company Secretary (Key Managerial Personnel) and Compliance Officer of the Company 1. Reason for change viz. appointment, re appointment, resignation, removal, death or otherwise Appointment of Mr. Madhvendra Shukla, a qualified Company Secretary (Membership Number F-12097) on the position of Company Secretary (Key Managerial Personnel) and Compliance Officer of the Company with effect from October 26, 2026. 2. Date of appointment/re- appointment/cessation (as applicable) & term of appointment/re appointment Appointed as the Company Secretary (Key Managerial Personnel) and Compliance Officer of the Company with effect from October 26, 2026. Term of Appointment– Whole time appointment 3. Brief profile (in case of appointment) Mr. Madhvendra Shukla is a qualified Company Secretary and legal professional with 14 years of work experience across corporate governance, regulatory compliance and legal matters. He is a Fellow Member of the Institute of Company Secretaries of India (Membership No. F-12097) and holds a Bachelor of Commerce degree from Delhi University, a Bachelor of Laws (LL.B.) degree from Llyod Law College, Greater Noida, and a Post Graduate Diploma in Drafting, Negotiation & Enforcement of Contracts from the NALSAR, Hyderabad. Mr. Madhvendra Shukla has previously worked with Reliance Brands Limited, HyFun Foods, Nysaa Retail Private Limited (1-India Family Mart), Hero Future Energies Private Limited and V2 Retail Limited. He has a strong foundation in corporate law, regulatory frameworks and corporate secretarial practice, Mr. Madhvendra brings a comprehensive understanding of corporate governance and compliance requirements, supporting effective Board processes, stakeholder
Page 26
engagement and the management of complex corporate matters. He is a prolific speaker and delivers sessions and lectures at the Gurugram Chapter of the Institute of Company Secretaries of India (ICSI) under various professional development programmes for ICSI students. 4. Disclosure of relationships between directors (in case of appointment of a director) Mr. Madhvendra Shukla is not related to any other Director on the Board of the Company.
Page 27
Annexure – E Detailed Disclosure as per Regulation 30 read with Para A of Part A of Schedule III of the SEBI Listing Regulations and SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Change in designation of Mr. Akhil Kumar Gupta (DIN: 00028728) from the position of Nominee Director to Additional, Non-Executive Director of the Company 1. Reason for change viz. appointment, re appointment, resignation, removal, death or otherwise Change in designation of Mr. Akhil Kumar Gupta (DIN: 00028728) from the position of Nominee Director to Additional, Non-Executive Director of the Company. 2. Date of appointment/ re-appointment/ cessation (as applicable) & term of appointment/ re-appointment Appointed as the Additional, Non-Executive Director of the Company with effect from October 26, 2026, subject to the approval of shareholders of the Company in the ensuing Annual General Meeting. Term of Appointment– Whole time appointment 3. Brief profile (in case of appointment) Akhil Kumar Gupta is a fellow member of the Institute of Chartered Accountants of India and has completed the Advanced Management Program from the Harvard Business School at Harvard University, Massachusetts and has over 38 years of experience. He has been associated with Bharti Enterprises Limited for several years. He is acting as a director, amongst others, on the board of Bharti Life Insurance Company Limited, 360 One Wam Limited, Avanti Investfin Private Limited, Gemini Estates Private Limited, Inversion Advisory Services Private Limited, Inversion Management Services Private Limited, Inversion Business Solutions Private Limited (formerly known as Dodo Skills India Private Limited) and Lodha Dvelopers Limited. He is the director of Telecom Sector Skill Council (TSSC) and has previously served as the Chairman of Digital Infrastructure Providers Association (DIPA). 4. Disclosure of relationships between directors (in case of appointment of a director) Mr. Akhil Kumar Gupta is not related to any other Director on the Board of the Company.