Interim report
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BSE - PUBLIC BSE November 04, 2026 To, The Listing Department National Stock Exchange of India Limited, Exchange Plaza, C-1, Block G Bandra Kurla Complex Bandra (E), Munnbai— 400 051 Symbol: BSE ISIN: INE118H01025 Subject: Outcome of Board Meeting Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") Dear Madam/Sir, This is to inform that the Board of Directors of the Company at its meeting held on Wednesday, November 04, 2026 (i.e. today), inter-alia, considered and approved the following: 1. Financial Results: The Unaudited Financial Results (Consolidated and Standalone) for the quarter and six months ended September 30, 2026, pursuant to Regulation 33 of the SEBI Listing Regulations, along with the Limited Review Reports issued by the Statutory Auditors, are enclosed herewith as 'Annexure A'. 2. Appointment of Shri Ashutosh Singh (DIN: 10579541) as Executive Director — Business (Vertical 3): In continuation to our earlier intimations dated June 2, 2026, and October 21, 2026, the Board of Directors have approved the appointment of Shri Ashutosh Singh (DIN: 10579541), as the Executive Director — Business (Vertical -3) for a period of five (5) years with effect from November 30, 2026, subject to ratification of his appointment by the Shareholders. The disclosure required pursuant to SEBI Master Circular No. HO/49/14/14(7)2025- CFDPOD2/I/3762/2026 dated January 30, 2026, is enclosed as 'Annexure B'. Registered Office: BSE Limited, Floor 25, PJ Towers, Dalai Street, Mumbai- 400 001, India. T: +91 2222721234/33 I E: co rp.co mm@bseindia.com www.bseindia.com I Corporate Identity Number: L67120MH2005PLC155188 Registered Office: BSE Limited, Floor 25, P J Towers, Dalal Street, Mumbai - 400 001, India. T: +91 22 2272 1234/33 | E: corp.comm@bseindia.com www.bseindia.com | Corporate Identity Number: L67120MH2005PLC155188 BSE - PUBLIC November 04, 2026 To, The Listing Department National Stock Exchange of India Limited, Exchange Plaza, C-1, Block G Bandra Kurla Complex Bandra (E), Mumbai – 400 051 Symbol: BSE ISIN: INE118H01025 Subject: Outcome of Board Meeting Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Dear Madam/Sir, This is to inform that the Board of Directors of the Company at its meeting held on Wednesday, November 04, 2026 (i.e. today), inter-alia, considered and approved the following: 1. Financial Results: The Unaudited Financial Results (Consolidated and Standalone) for the quarter and six months ended September 30, 2026, pursuant to Regulation 33 of the SEBI Listing Regulations, along with the Limited Review Reports issued by the Statutory Auditors, are enclosed herewith as ‘Annexure A’. 2. Appointment of Shri Ashutosh Singh (DIN: 10579541) as Executive Director – Business (Vertical 3): In continuation to our earlier intimations dated June 2, 2026, and October 21, 2026, the Board of Directors have approved the appointment of Shri Ashutosh Singh (DIN: 10579541), as the Executive Director – Business (Vertical-3) for a period of five (5) years with effect from November 30, 2026, subject to ratification of his appointment by the Shareholders. The disclosure required pursuant to SEBI Master Circular No. HO/49/14/14(7)2025- CFDPOD2/I/3762/2026 dated January 30, 2026, is enclosed as ‘Annexure B’.
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BSE - PUBLIC BSE 3. Acceptance of offer from Mumbai Metropolitan Region Development Authority: Proposal to accept the offer received from the Mumbai Metropolitan Region Development Authority (MMRDA) for allotment of a plot at Bandra Kurla Complex, Mumbai, for development of Company's proposed additional premises and infrastructure facilities. The transaction is subject to completion of the necessary documentation, fulfilment of applicable conditions and execution of definitive agreement(s) with the MMRDA. The detailed terms of the transaction shall be intimated upon execution of the definitive agreement(s), in accordance with the applicable provisions of the SEBI Listing Regulations. The above matters have been duly approved by the Board of Directors at their meeting which commenced at 15:00 hours and concluded at 17:00 hours. This intimation is also being made available on the website of the Company at www.bseindia.com This is for your information and record. Thanking you. Yours faithfully, For BSE Limited Vishal Bhat Company Secretary & Compliance Officer ACS- 41136 Registered Office: BSE Limited, Floor 25, PJ Towers, Dalai Street, Mumbai- 400 001, India. T: +91 2222721234/33 I E: co rp.co mm@bseindia.com www.bseindia.com I Corporate Identity Number: L67120MH2005PLC155188 Registered Office: BSE Limited, Floor 25, P J Towers, Dalal Street, Mumbai - 400 001, India. T: +91 22 2272 1234/33 | E: corp.comm@bseindia.com www.bseindia.com | Corporate Identity Number: L67120MH2005PLC155188 BSE - PUBLIC 3. Acceptance of offer from Mumbai Metropolitan Region Development Authority: Proposal to accept the offer received from the Mumbai Metropolitan Region Development Authority (MMRDA) for allotment of a plot at Bandra Kurla Complex, Mumbai, for development of Company’s proposed additional premises and infrastructure facilities. The transaction is subject to completion of the necessary documentation, fulfilment of applicable conditions and execution of definitive agreement(s) with the MMRDA. The detailed terms of the transaction shall be intimated upon execution of the definitive agreement(s), in accordance with the applicable provisions of the SEBI Listing Regulations. The above matters have been duly approved by the Board of Directors at their meeting which commenced at 15:00 hours and concluded at 17:00 hours. This intimation is also being made available on the website of the Company at www.bseindia.com This is for your information and record. Thanking you. Yours faithfully, For BSE Limited Vishal Bhat Company Secretary & Compliance Officer ACS- 41136
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Annexure A S.R. BATLIBOI & CO. LLP Chartered Accountants 113O/ 12th Floor, The Ruby 29 Senapati Bapat Marg Dadar (West) Mumbai - 400 028, India Tel : +91 22 6819 8000 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 BSE Limited 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of BSE Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group") and its associate for the quarter ended September 30, 2026 and year to date from April 01, 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 Statement 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 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: i. List of Subsidiaries a) BSE Technologies Private Limited b) BSE Clearing Limited (Formerly known as Indian Clearing Corporation Limited) c) India International Clearing Corporation (IFSC) Limited d) India International Exchange (IFSC) Limited e) BSE Index Services Private Limited (Formerly known as Asia Index Private Limited) f) BIL Ryerson Futures Private Limited ii. List of associate a) Central Depository Services (India) Limited b) India International Bullion Holding (IFSC) Limited c) Social Stock Exchange Capacity Building Foundation 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 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. MU01MBAI r ko roAcco S.R. Batllboi & Co. LLP, a Limited Liability Partnership with LLP Identity No. AAB-42.94 Regd. Office : 22, Camac Street, Block 'B', 3rd Floor, Kolkata-700 016 Annexure A
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S.R. BATLIBOI & Co. LLP Chartered Accountants 6. The accompanying Statement includes the unaudited interim financial results and other unaudited financial information in respect of five subsidiaries, whose unaudited interim financial results includes total assets of Rs 5,54,799 lakhs as at September 30, 2026, total revenues of Rs 13,580 lakhs and Rs 28,496 lakhs, total net profit after tax of Rs 3,952 lakhs and Rs 8,537 lakhs, total comprehensive income of Rs 3,411 lakhs and Rs 7,980 lakhs, for the quarter ended September 30, 2026 and the period ended on that date respectively, and net cash outflow of Rs 76,144 lakhs for the period from April 01, 2026 to September 30, 2026, as considered in the Statement, which have been reviewed by their respective independent auditors. The independent auditor's review 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. The accompanying Statement includes the unaudited interim financial results of one associate, whose interim financial results includes the Group's share of net loss of Rs. 25 lakhs and Rs. 25 lakhs and Group's share of total comprehensive income of Rs. 52 lakhs and Rs. 52 lakhs for the quarter ended September 30, 2026 and for the period ended on that date respectively. The independent auditor's review 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 the associate 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 above matters is not modified with respect to our reliance on the work done and the reports of the other auditors. For S.R. BATLIBOI & Co. LLP Chartered Accountants ICAI Firm registration number: 301003E/E300005 7, per Pikashoo Mutha Partner Membership No.: 131658 UDIN: 26131658SYDMYU6415 Place: Mumbai Date: November 04, 2026 "e^".;"tiv 180 MU MBAI \;? ACC(0)*'
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135E 41. BSE Limited CIN L67120MH2005PLC155188 (Formerly known as Bombay Stock Exchange Limited) Registered office: Floor 25, P J Towers, Dalal Street, Mumbai 400001 Statement of Consolidated Financial Results for the quarter and six months ended September 30, 2026 (₹ in Lakhs) Particulars For the For the For the For the six For the six For the quarter quarter quarter months months year ended ended ended ended ended ended September June September September September March 30, 2026 30, 2026 30, 2025 30, 2026 30, 2025 31, 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Continuing operation 1 Revenue from operations 1,43,266 1,56,602 1,06,839 2,99,868 2,02,634 4,83,395 2 Investment income 10,807 13,518 6,569 24,325 14,475 29,030 3 Other income 981 552 545 1,533 1,289 2,385 4 Total income (1+2+3) 1,55,054 1,70,672 1,13,953 3,25,726 2,18,398 5,14,810 5 Expenses a) Employee benefits expense 8,474 8,705 7,090 17,179 14,093 29,781 b) Technology expense 5,762 6,082 4,778 11,844 9,767 20,313 c) Clearing and settlement expense 7,998 9,028 6,327 17,026 11,877 28,035 d) Regulatory contribution 16,600 19,278 14,669 35,878 26,295 64,969 e) Other expenses 6,029 6,316 4,888 12,345 8,966 24,748 f) Depreciation expense 4,607 4,260 3,246 8,867 5,934 15,896 Total expenses (5a to 5f) 49,470 53,669 40,998 1,03,139 76,932 1,83,742 6 Profit before contribution to core settlement guarantee fund (4-5) 1,05,584 1,17,003 72,955 2,22,587 1,41,466 3,31,068 7 Contribution to core settlement guarantee fund 1,097 2,591 1,061 3,688 1,061 7,696 8 Profit before tax and share of net profits of investments accounted for using equity method (6-7) 1,04,487 1,14,412 71,894 2,18,899 1,40,405 3,23,372 9 Share of profit of associates (net of taxes) 2,752 1,954 2,002 4,706 3,631 6,542 10 Profit before tax (8+9) 1,07,239 1,16,366 73,896 2,23,605 1,44,036 3,29,914 11 Tax expense 26,487 29,100 18,194 55,587 35,712 82,384 12 Net profit after tax for the period / year from continuing operation (10-11) 80,752 87,266 55,702 1,68,018 1,08,324 2,47,530 Discontinued operation (refer note 4) 13 Profit before tax from discontinued operation - - - - 6 6 14 Profit on sale of subsidiary (on loss of control) - - - - 1,440 1,440 15 Profit from discontinued operation before taxes (13+14) - - - - 1,446 1,446 16 Tax expense on discontinued operation - - - - 251 251 17 Profit from discontinued operation (15-16) - - - - 1,195 1,195 18 Net profit from total operation for the period / year (12+17) 80,752 87,266 55,702 1,68,018 1,09,519 2,48,725 Net profit attributable to the shareholders of the Holding Company 80,915 87,402 55,843 1,68,317 1,09,784 2,49,698 Net profit attributable to the non controlling interest (163) (136) (141) (299) (265) (973) 19 Other comprehensive income (net of taxes) 654 (39) 1,160 615 1,012 3,744 20 Total comprehensive Income for the period / year (18+19) 81,406 87,227 56,862 1,68,633 1,10,531 2,52,469 Total comprehensive income attributable to the shareholders of the Holding 81,765 87,377 56,535 1,69,142 1,10,334 2,52,061 Company Total comprehensive income attributable to the non controlling interest (359) (150) 327 (509) 197 408 21 Paid up equity share capital (face value per share ₹ 2 each) 8,158 8,158 8,146 8,158 8,146 8,158 22 Other equity 6,59,143 23 Earnings per equity share (face value per share ₹ 2 each) Continuing operations Basic and diluted before and after exceptional item* (₹) 19.64 21.22 13.56 40.86 26.36 60.32 Discontinued operations Basic and diluted before and after exceptional item* (₹) (refer note 4) - - - - 0.29 0.29 Total operations Basic and diluted before and after exceptional item* (₹) 19.64 21.22 13.56 40.86 26.65 60.61 *Note: Basic and diluted EPS is not annualised for the quarter and six months ended results. EPS is calculated on outstanding shares issued by BSE Limited (the "Holding Company" • cludi shares held in abeyance.
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BSE Limited (Formerly known as Bombay Stock Exchange Limited) Consolidated Balance Sheet as at September 30, 2026 (₹ in Lakhs) PARTICULARS As at September 30, 2026 As at March 31, 2026 Unaudited Audited 1 2 3 4 5 6 7 ASSETS Non a. b. c. d. e. f. g. h. i. j. Current a. b. c. EQUITY Equity a. b. Equity Non Core Liabilities Non a. b. c. Current a. b. c. d. e. C 11 -current assets Property, plant and equipment Capital work-in-progress Investment property Goodwill on consolidation Other intangible assets Intangible assets under development Financial assets i. Investments a. Investments in subsidiaries b. Investments in associates c. Other investments ii. Other financial assets Income tax assets (net) Deferred tax assets (net) Other assets Total non-current assets assets Financial assets i. Investments ii. Trade receivables iii. Cash and cash equivalents iv. Bank balances other than (iii) above v. Other financial assets Other assets Assets held for sale Total current assets Total assets (1+2) AND LIABILITIES Equity share capital Other equity attributable to shareholders of the Company controlling interest Total equity settlement guarantee fund -current liabilities Financial liabilities i. Lease liabilities ii. Other financial liabilities Provisions Other liabilities Total non-current liabilities liabilities Financial liabilities i. Trade payables a. Total outstanding dues of micro enterprises and small enterprises b. Total outstanding dues of creditors other than micro enterprises and small enterprises ii. Other financial liabilities Provisions Income tax liabilities (Net) Other liabilities Liabilities held for sale Total current liabilities / fj, \., i i Total equity and liabilities (3+4+5+6+7) li:: :/ .1.- • 57,433 6,879 2,211 3,814 3,832 4,307 - 56,431 1,71,453 2,33,887 7,145 1,654 1,063 54,026 3,255 2,241 3,814 4,122 4,420 - 53,657 95,542 2,92,539 6,279 2,371 634 5,50,109 5,22,900 2,82,531 46,099 88,496 4,66,856 11,031 17,690 137 2,34,501 55,316 1,67,159 3,50,121 2,920 11,570 127 9,12,840 8,21,714 14,62,949 13,44,614 8,158 7,87,041 8,158 6,59,143 7,95,199 11,765 6,67,301 12,249 8,06,964 6,79,550 1,28,366 2 1,069 575 2,245 1,24,683 2 1,037 540 1,753 3,891 3,332 856 16,017 3,19,708 2,354 23,059 1,61,734 - 816 12,271 4,06,419 3,742 20,109 93,692 - 4 y Al , 5,23,728 5,37,049 14,62,949 13,44,614 tB0/ • .),..., /
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BSE Limited (Formerly known as Bombay Stock Exchange Limited) Consolidated Statement of Cash Flows for the six months ended September 30, 2026 (₹ in Lakhs) PARTICULARS For the six months ended September 30, 2026 For the six months ended September 30, 2025 Continuing operations A. CASH FLOW FROM OPERATING ACTIVITIES Profit for the period Adjustments for Income tax expenses recognised in profit and loss Share of profit of associates Foreign currency translation reserve Depreciation and amortisation expense Net gain on disposal of property, plant and equipment Impairment loss on financial assets Net gain arising on financial assets measured at FVTPL Interest income Operating profit before working capital changes Movements in working capital (Increase) / decrease in trade receivables Increase / (decrease) in trade payables Increase / (decrease) in provisions (Increase) / decrease in other financial assets and other assets Increase / (decrease) in other liabilities and other financial liabilities Cash generated from / (used in) operations Direct taxes paid - net of refunds Net cash generated from / (used in) operating activities B. CASH FLOW FROM INVESTING ACTIVITIES Property, plant & equipment Purchase of property, plant and equipment, intangible assets, capital work in progress, intangible assets under development and capital advances Proceeds from sale of property, plant and equipment Investments Investment in units of mutual funds Investment in bonds, non-convertible debentures and state development loans Proceeds from bonds, non-convertible debentures and state development loans Investment in associates Investment in fixed deposits Proceeds received from fixed deposits Interest received Net cash used in investing activities C. CASH FLOW FROM FINANCING ACTIVITIES Dividend paid Net cash used in financing activities D. Net increase / (decrease) in cash and cash equivalents (A+B+C) Discontinued Operations E. Net cash from operating activities F. Net cash generated from investing activities G. Net cash generated from financing activities H. Net increase in cash and cash equivalents from Discontinued Operations (E+F+G) I. Net increase / (decrease) in cash and cash equivalents from Total Operations (D+H) Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period Balance with bank excluding earmarked balances i) Cash on hand ii) Cheques in hand Component of cash and cash equivalent In current accounts In deposit accounts with original maturity upto 3 months 1,68,018 55,587 (4,706) 451 8,867 (3) 252 (8,195) (16,130) 1,08,324 35,712 (3,631) 975 5,934 (7) (503) (4,941) (9,534) 2,04,141 8,965 3,786 (1,388) (14,313) (15,595) 1,85,596 (52,894) 1,32,329 (11,853) 2,351 (134) 8,071 (7,776) 1,22,988 (23,802) 1,32,702 99,186 (17,271) 4 (25,346) (86,710) (1,922) (1,58,780) 1,13,006 6,655 (31,324) 7 (96,022) (11,302) 10,652 (194) (95,995) 74,772 6,137 (1,70,364) (1,43,269) (41,198) (31,585) (41,198) (31,585) (78,860) (75,668) - - - 4 6,191 - 6,195 - (78,860) 1,64,642 (69,473) 1,52,416 85,782 82,943 - - 41,072 44,710 - - 24,216 58,727 Cash and cash equivalents at the end of the period 85,782 82,943 Particulars For the six months ended September 30, 2026 For the six months ended September 30, 2025 Cash and cash equivalents as per balance sheet Less: Earmarked In current accounts (unpaid dividend) In current accounts - others In current accounts - SGF In deposit accounts with original maturity upto 3 months Cash and cash equivalents as per statement of cash flows 88,496 2,230 304 132 48 86,241 2,640 409 116 133 85,782 82,943 1. The above statement of Cash Flow from operating activities has been prepared under the "Indirect Method" as set out in Indian Accounting Standard (Ind AS) 7 - "Statement of Cash Flows". 2. Movement in earmarked liabilities and corresponding assets of the Holding Company are not considered. \3. Movement in Core Settlement Guarantee Fund liabilities and related assets of subsidiary companies are not considered. , . Previous period's figures have been regrouped wherever necessary. ' MUMBAI •S• ACC°
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1 The Consolidated financial results comprises of results of BSE Limited ("Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group") and its associates. The above consolidated financial results for the quarter and six months ended September 30, 2026 have been reviewed by the Audit Committee and approved by the Board of Directors on November 04, 2026 and the statutory auditors of the Holding Company have conducted limited review of the said consolidated financial results for the quarter and six months ended September 30, 2026. 2 The above consolidated financial results for the quarter and six months ended September 30, 2026 are prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013, as amended. 3 The Group operates only in one Business Segment i.e. "Facilitating Trading in Securities and other related ancillary Services", hence does not have any reportable Segments as per Ind-AS 108 "Operating Segments". 4 The Board of Directors of the Holding Company in their meeting held on May 08, 2024 had accorded in-principle approval for divestment of its holding in its wholly owned subsidiary, BSE Institute Limited. Pursuant to the same, the Company had completed the divestment (in May 2025) and profit of Rs. 1,440 Lakhs has been shown as Profit on sale of subsidiary (on loss of control) under "Discontinued operation" in the consolidated financial results for the six months ended September 30, 2025 and year ended March 31, 2026. Tax of ₹ 249 Lakhs on the said profit is included as a part of Tax expense on discontinued operation for the six months ended September 30, 2025 and year ended March 31, 2026. The Board of Directors of the Holding Company in their meeting held on November 11, 2025 had accorded in-principle approval for the divestment of its holding in one of the associate company. Pursuant to the same, the Holding Company is awaiting the approval from Regulatory Authority. Consequently, the disclosures required by Ind AS 105 "Non-current Assets Held for Sale and Discontinued Operations" have been presented in the financial results for the quarter ended September 30, 2026 and year ended March 31, 2026. 6 Previous quarter's / period's / year's figures have been regrouped / reclassified wherever necessary to correspond with the current quarter's / period's classification / disclosure. 7 Unaudited Financial Results of BSE Limited (Standalone Information) (₹ in Lakhs) Particulars For the quarter ended September 30, 2026 For the quarter ended June 30, 2026 For the quarter ended September 30, 2025 For the six months ended September 30, 2026 For the six months ended September 30, 2025 For the year ended March 31, 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Total income 1,49,441 1,60,144 1,07,436 3,09,585 2,02,273 4,83,634 Profit before tax 1,02,103 1,07,313 67,581 2,09,416 1,30,186 3,08,721 Profit for the period 77,336 80,115 51,441 1,57,451 98,281 2,33,416 Note: The unaudited financial results of BSE Limited for the above mentioned period are available on our website, www.bseindia.com and on the stock exchange website www.nseindia.com. The information above has been extracted from the unaudited standalone financial results for the quarter and six months ended September 30, 2026. Pm MUMBA I Place : Mumbai .P9 ",p Date : November 04, 2026 Pn ACC0\\ el l :C*c ; 111 '.... 7: , For and on behalf of Board of Directors of BSE LIMITED \ r ". ‘‘ / 11: Sundararaman Ramamurthy Managing Director & CEO
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S.R. BATLIBOI & CO. LLP Chartered Accountants 12th Floor, The Ruby 29 Senapati Bapat Marg Dadar (West) Mumbai - 400 028, India Tel : +91 22 6819 8000 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 BSE Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results of BSE Limited (the "Company") for the quarter ended September 30, 2026 and year to date from April 01, 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 opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting 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. For S.R. BATLIBOI & Co. LLP Chartered Accountants ICAI Firm registration number: 301003E/E300005 CT' lA....CL4A-O ,c , per Pikashoo Mutha Partner Membership No.: 131658 UDIN: 26131658WTEBPD1830 Place: Mumbai Date: November 04, 2026 :GLIB O, 4/ * DAUMBAI A C C 0 S.R. 8atliboi & Co. LLP, a Limited Liability Partnership with LLP Identity No. AAB-4294 Regd. Office : 22, Camac Street. Block 'B', 3rd Floor, Kolkata-700 016
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Oa 45 4i81. BSE Limited CIN L67120MH2005PLC155188 (Formerly known as Bombay Stock Exchange Limited) Registered office: Floor 25, P J Towers, Dalal Street, Mumbai 400001 Statement of Standalone Financial Results for the quarter and six months ended September 30, 2026 (₹ in Lakhs) Particulars For the For the For the For the six For the six For the quarter quarter quarter months months year ended ended ended ended ended ended September June September September September March 30, 2026 30, 2026 30, 2025 30, 2026 30, 2025 31, 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1 Revenue from operations 1,34,932 1,47,402 97,543 2,82,334 1,84,851 4,46,951 2 Investment income 13,161 11,815 9,065 24,976 15,603 33,114 3 Other income 1,348 927 828 2,275 1,819 3,569 4 Total income (1+2+3) 1,49,441 1,60,144 1,07,436 3,09,585 2,02,273 4,83,634 5 Expenses a) Employee benefits expense 5,271 5,390 4,674 10,661 9,334 19,186 b) Technology expense 5,766 5,830 4,749 11,596 9,791 20,163 c) Clearing and settlement expense 10,350 11,776 8,733 22,126 15,802 37,191 d) Regulatory contribution 16,595 19,273 14,664 35,868 26,285 63,978 e) Other expenses 4,355 4,381 3,254 8,736 6,494 14,756 f) Depreciation expense 3,904 3,590 2,720 7,494 4,910 13,533 Total expenses (5a to 5f) 46,241 50,240 38,794 96,481 72,616 1,68,807 6 Profit before contribution to core settlement guarantee fund (4-5) 1,03,200 1,09,904 68,642 2,13,104 1,29,657 3,14,827 7 Contribution to core settlement guarantee fund 1,097 2,591 1,061 3,688 1,061 7,696 8 Profit before exceptional item and tax (6-7) 1,02,103 1,07,313 67,581 2,09,416 1,28,596 3,07,131 9 Exceptional item (refer note 4) - - - - 1,590 1,590 10 Profit before tax (8+9) 1,02,103 1,07,313 67,581 2,09,416 1,30,186 3,08,721 11 Tax expense (refer note 4) 24,767 27,198 16,140 51,965 31,905 75,305 12 Profit for the period / year (10-11) 77,336 80,115 51,441 1,57,451 98,281 2,33,416 13 Other comprehensive income (net of taxes) 19 17 (85) 36 (168) 57 14 Total comprehensive income for the period / year (12+13) 77,355 80,132 51,356 1,57,487 98,113 2,33,473 15 Paid up equity share capital (face value per share ₹ 2 Each) 8,158 8,158 8,146 8,158 8,146 8,158 16 Other equity 5,68,495 17 Earnings per equity share (face value per share ₹ 2 Each) Basic and diluted before exceptional item*(₹) 18.77 19.45 12.49 38.22 23.47 56.27 Basic and diluted after exceptional item*(₹) 18.77 19.45 12.49 38.22 23.86 56.66 *Note: Basic and diluted EPS is not annualised for the quarter and six months ended results. EPS is calculated on outstanding shares issued by BSE Limited (the "Company") including shares held in abeyance. ,c0B01 ?IV\ MUMBAI 19t0 AC CO ...',.'," if f
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BSE Limited (Formerly known as Bombay Stock Exchange Limited) Standalone Balance Sheet as at September 30, 2026 (₹ in Lakhs) Particulars As at September 30, 2026 As at March 31, 2026 Unaudited Audited 1 2 3 4 5 ._.,d. ASSETS Non-current assets a. Property, plant and equipment b. Capital work-in-progress c. Investment properties d. Intangible assets e. Intangible assets under development f. Financial assets i. Investments a. Investments in subsidiaries b. Investments in associates c. Other investments ii. Other financial assets g. Deferred tax assets (net) h. Income tax assets (net) i. Other assets • Total non-current assets Current assets a. Financial assets i. Investments ii. Trade receivables iii. Cash and cash equivalents iv. Bank balances other than (iii) above v. Other financial assets b. Other assets Total current assets Total assets (1+2) EQUITY AND LIABILITIES Equity a. Equity share capital b. Other equity Total equity Liabilities Non-current liabilities a. Financial liabilities Other financial liabilities b. Deferred tax liabilities (Net) 'c. Other liabilities Total non-current liabilities Current liabilities a. Financial liabilities i. Trade payables a. Total outstanding dues of micro enterprises and small enterprises b. Total outstanding dues of creditors other than micro enterprises and small enterprises ii. Other financial liabilities b. Provisions c. Income tax liabilities (net) Other liabilities :_... Total Current Liabilities C" 4- 4 ..' - "--!:. - Total Equity and Liabilities (3+4+5) ..,;( . r. ... , /7 i 51,573 6,875 2,556 2,499 3,562 81,927 10,532 1,37,247 1,26,353 - 5,076 120 47,710 3,235 2,601 2,436 3,922 81,927 3,542 64,362 1,20,898 291 5,213 34 4,28,320 3,36,171 2,75,332 42,356 6,694 .1,62,966 8,327 14,480 2,27,386 50,442 9,159 1,17,880 2,641 8,528 5,10,155 4,16,036 9,38,475 7,52,207 8,158 6,84,784 8,158 5,68,495 6,92,942 5,76,653 859 496 2,245 866 - 1,753 3,600 2,619 31 12,447 47,879 1,518 22,897 1,57,161 12 9,626 52,434 2,664 19,983 88,216 ..--...- 7-__ ...., LAB O/ .-- 4.... 2,41,933 1,72,935 9,38,475 7,52,207 yT CO AM's,
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%B O/ pm MUMS, BSE Limited (Formerly known as Bombay Stock Exchange Limited) CIN L67120MH2005PLC155188 Standalone Statement of Cash Flows for the six months ended September 30, 2026 (₹ in Lakhs) PARTICULARS For the six months ended For the six months ended September 30, 2026 September 30, 2025 A. CASH FLOW FROM OPERATING ACTIVITIES Profit for the period 1,57,451 98,281 Adjustments for Income tax expenses recognised in profit and loss 51,965 31,905 Depreciation and amortisation expenses 7,494 4,910 Impairment loss on financial assets carried at cost 53 (10) Net gain on disposal of property, plant and equipment and intangible assets (3) (6) Impairment loss on financial assets and bad debts write off 229 (612) Net gain on disposal of investment in subsidiary measured at cost - (1,590) Net gain arising on financial assets measured at FVTPL (7,950) (4,665) Interest income (13,029) (6,940) Dividend income (3,997) (3,997) Operating cash flow before working capital changes 1,92,213 1,17,276 Movements in working capital (Increase) / decrease in trade receivables 7,857 (10,272) Increase / (decrease) in trade payables 2,840 3,547 Increase / (decrease) in provisions (1,146) (44) (Increase) / decrease in other financial assets and other assets (11,738) 8,077 Increase / (decrease) in other financial liabilities and other liabilities 67,328 58,864 Cash generated from operations 2,57,354 1,77,448 Direct taxes paid - net of refunds (48,213) (20,758) Net cash generated from operating activities 2,09,141 1,56,690 B. CASH FLOW FROM INVESTING ACTIVITIES Property, plant & equipment Purchase of property, plant & equipment, intangible assets, capital work-in- progress, intangible assets under development and capital advances (16,468) (30,283) Proceeds from sale of property, plant & equipment 4 6 Investments Investment in units of mutual funds (24,541) (98,664) Investment in bonds, non-convertible debentures and state development loan (86,710) (11,276) Proceeds received from bonds, non-convertible debentures and state development loans - 10,652 Investment in fixed deposits (1,36,478) (72,921) Proceeds received from fixed deposits 89,781 58,726 Investment in associates (6,990) - Proceeds received on partial sale of investment in subsidiary 6,590 Interest received 6,789 8,689 Dividend received from associate 3,997 3,997 Net cash generated from / (used in) investing activities (1,70,616) (1,24,484) C. CASH FLOW FROM FINANCING ACTIVITIES Dividend paid (41,198) (31,585) Net cash used in financing activities (41,198) (31,585) Net increase / (decrease) in cash and cash equivalents (A+B+C) (2,673) 621 Cash and cash equivalents at the beginning of the period 6,785 1,443 Cash and cash equivalents at the end of the period 4,112 2,064 Balances with banks excluding earmarked balances In current accounts 4,112 364 In deposit accounts with original maturity of 3 months - 1,700 Cash and cash equivalents at the end of the period 4,112 . 2,064 PARTICULARS For the six months ended For the six months ended September 30, 2026 September 30, 2025 Cash and cash equivalents as per balance sheet 6,694 5,246 Less: Earmarked In current accounts (unpaid dividend) 2,230 2,640 In current accounts - others 304 409 In deposit accounts with original maturity less than three months 48 133 Cash and cash equivalents as per statement of cash flows 4,112 2,064 e above statement of Cash Flows from operating activities has been prepared under the "Indirect Method" as set out in Indian Accounting rd (Ind AS) 7 - "Statement of Cash Flows". 2. ment in earmarked liabilities and corresponding assets are not considered. . 1.) t3. im ious period's figures have been regrouped wherever necessary. ...', Ip, Fn n.
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The above standalone financial results for the quarter and six months ended September 30, 2026 have been reviewed by the Audit Committee and approved by the Board of Directors on November 04, 2026 and the statutory auditors of the Company have conducted limited review of the said standalone financial results for the quarter and six months ended September 30, 2026. 2 The above standalone financial results for the quarter and six months ended September 30, 2026 are prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013, as amended. 3 The Company operates only in one Business Segment i.e. "Facilitating Trading in Securities and other related ancillary Services", hence does not have any reportable Segments as per Ind-AS 108 "Operating Segments". 4 The Board of Directors of the Company in their meeting held on May 08, 2024 had accorded in-principle approval for divestment of its holding in its wholly owned subsidiary, BSE Institute Limited. Pursuant to the same, the Company has completed the divestment (in May 2025) and profit of Rs. 1,590 Lakhs has been shown as an "Exceptional Item" in the standalone financial results for the six months ended September 30, 2025 and year ended March 31, 2026. Tax of ₹ 249 Lakhs on the said profit is included as a part of tax expenses for the six months ended September 30, 2025 and year ended March 31, 2026. Previous quarter's / period's / year's figures have been regrouped and rearranged wherever necessary to correspond with the current quarter's / period's classificatio /disclosure. %BO/ Place : Mumbai Date : November 04, 2026 1(4% MUMBA1 c-) iyt ED ACn For and on behalf of Board of Directors of BSE LIMITED Sundararaman Ramamurthy Managing Director & CEO
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BSE - PUBLIC BSE" Annexure B Sr. No. Details of events Shri Ashutosh Singh 1 Reason for change Shri Ashutosh Singh (DIN - 10579541) has been appointed as Executive Director — Business (Vertical-3) on the Board of the Company in accordance with Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018. 2 Date and Term of Appointment/Date of Cessation Effective Date of Appointment: November 30, 2026 Term: 5 years effective from the date of joining i.e. November 30, 2026, to November 29, 2031. 3 Brief profile Shri Ashutosh Singh is a financial services industry veteran with over 23 years of experience spanning exchange businesses, indexing, broking, mutual funds and banking. Currently, he is the MD & CEO of BSE Index Services Pvt. Ltd, a wholly owned subsidiary of BSE Ltd. In this role, he works closely with market participants to develop relevant indexing solutions, advocates the growth of passive investing, and encourages greater retail participation in financial markets, including through mutual funds. He also engages collaboratively with industry associations and regulators on matters of strategic importance to the capital markets. During his tenure within the BSE ecosystem, Shri Ashutosh Singh has contributed across businesses beyond his formal responsibilities. He was instrumental in scaling the BSE StAR MF platform, helping strengthen its position as an important mutual fund distribution infrastructure. He has also played a key role in expanding the platform into new areas such as the National Pension System (NPS), broadening its relevance across investment and retirement products. In addition, he plays an active role in BSE's equity business, contributing his market experience and relationships to business development and broader strategic initiatives. Prior to his current role, Shri Ashutosh Singh held several senior leadership positions in the financial services industry, including CEO of NSDL Payments Bank, as well as leadership roles at Axis Securities and Motilal Oswal Financial Services, among others. His experience Registered Office: BSE Limited, Floor 25, PJ Towers, Dalai Street, Mumbai- 400 001, India. T: +91 2222721234/33 I E: co rp.co mm@bseindia.com www.bseindia.com I Corporate Identity Number: L67120MH2005PLC155188 Registered Office: BSE Limited, Floor 25, P J Towers, Dalal Street, Mumbai - 400 001, India. T: +91 22 2272 1234/33 | E: corp.comm@bseindia.com www.bseindia.com | Corporate Identity Number: L67120MH2005PLC155188 BSE - PUBLIC Annexure B Sr. No. Details of events Shri Ashutosh Singh 1 Reason for change Shri Ashutosh Singh (DIN - 10579541) has been appointed as Executive Director – Business (Vertical-3) on the Board of the Company in accordance with Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018. 2 Date and Term of Appointment/Date of Cessation Effective Date of Appointment: November 30, 2026 Term: 5 years effective from the date of joining i.e. November 30, 2026, to November 29, 2031. 3 Brief profile Shri Ashutosh Singh is a financial services industry veteran with over 23 years of experience spanning exchange businesses, indexing, broking, mutual funds and banking. Currently, he is the MD & CEO of BSE Index Services Pvt. Ltd, a wholly owned subsidiary of BSE Ltd. In this role, he works closely with market participants to develop relevant indexing solutions, advocates the growth of passive investing, and encourages greater retail participation in financial markets, including through mutual funds. He also engages collaboratively with industry associations and regulators on matters of strategic importance to the capital markets. During his tenure within the BSE ecosystem, Shri Ashutosh Singh has contributed across businesses beyond his formal responsibilities. He was instrumental in scaling the BSE StAR MF platform, helping strengthen its position as an important mutual fund distribution infrastructure. He has also played a key role in expanding the platform into new areas such as the National Pension System (NPS), broadening its relevance across investment and retirement products. In addition, he plays an active role in BSE's equity business, contributing his market experience and relationships to business development and broader strategic initiatives. Prior to his current role, Shri Ashutosh Singh held several senior leadership positions in the financial services industry, including CEO of NSDL Payments Bank, as well as leadership roles at Axis Securities and Motilal Oswal Financial Services, among others. His experience
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BSE - PUBLIC BSE" across banking, broking, exchange, and investment products gives him a broad perspective on India's financial markets and market infrastructure. He is a regular panellist and speaker at leading domestic and international industry forums and on television, where he contributes perspectives on capital markets, indexing, and investment trends. He has also served as a jury member on awards committees recognising excellence in financial services. Shri Ashutosh Singh is actively involved in academia and in mentoring the next generation of professionals. He serves as a Member of the Board of Studies at reputed institutions and regularly engages with students and academic audiences on leadership, financial markets, and capital markets. Shri Ashutosh Singh is a Chartered Accountant, holds an M.Com, and an MBA, bringing together strong academic credentials with more than two decades of leadership experience across India's financial services industry. 4 Disclosure of relationships between directors Shri Ashutosh Singh is not related to any Director of the Company. 5 Confirmation in compliance with SEBI Letter dated June 14, 2018, read along with Exchange circular dated June 20, 2018 Shri Ashutosh Singh is not debarred from holding the office of director pursuant to any SEBI order or any other authority Registered Office: BSE Limited, Floor 25, PJ Towers, Dalai Street, Mumbai- 400 001, India. T: +91 2222721234/33 I E: co rp.co mm@bseindia.com www.bseindia.com I Corporate Identity Number: L67120MH2005PLC155188 Registered Office: BSE Limited, Floor 25, P J Towers, Dalal Street, Mumbai - 400 001, India. T: +91 22 2272 1234/33 | E: corp.comm@bseindia.com www.bseindia.com | Corporate Identity Number: L67120MH2005PLC155188 BSE - PUBLIC across banking, broking, exchange, and investment products gives him a broad perspective on India's financial markets and market infrastructure. He is a regular panellist and speaker at leading domestic and international industry forums and on television, where he contributes perspectives on capital markets, indexing, and investment trends. He has also served as a jury member on awards committees recognising excellence in financial services. Shri Ashutosh Singh is actively involved in academia and in mentoring the next generation of professionals. He serves as a Member of the Board of Studies at reputed institutions and regularly engages with students and academic audiences on leadership, financial markets, and capital markets. Shri Ashutosh Singh is a Chartered Accountant, holds an M.Com, and an MBA, bringing together strong academic credentials with more than two decades of leadership experience across India's financial services industry. 4 Disclosure of relationships between directors Shri Ashutosh Singh is not related to any Director of the Company. 5 Confirmation in compliance with SEBI Letter dated June 14, 2018, read along with Exchange circular dated June 20, 2018 Shri Ashutosh Singh is not debarred from holding the office of director pursuant to any SEBI order or any other authority