Interim report
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Crizac Limited Limited : L80903WB2011PLC156614 A' ° WING A, 3rd FLOOR,Constantia Building, r q C 11 Dr. U.N.Brahmachari Street, . I Z Shakespeare Sarani,Kolkata- 700017 MAKING West Bengal, India EDUCATION EASY Date: October 30, 2026 [To To INational Stock Exchange of India Ltd IBSE Limited [Exchange Plaza, 5% Floor, C-1, Block G, [LstFloor, Phiroze Jeejeebhoy [Bandra Kurla Complex, Bandra(E), Towers Dalal Street Mumbai — Mumbai-400051 1400001 [Symbol: CRIZAC Scrip Code: 544439 Sub: Outcome of Board Meeting of the Company held on 30t October, 2026 Ref: Disclosure under Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulations 30 and 33 read with para-A of Part A of Schedule III and other applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors (“the Board”) of the Company at their Meeting held today i.e., Friday, October 30, 2026 has inter-alia, considered and approved the following: 1. The Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2026, along with the Limited Review Report thereon, issued by M/s. Singhi & Co, Statutory Auditors of the Company in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. We enclose herewith a copy of the approved unaudited Standalone and Consolidated financial results along with the Limited Review Report of the auditors. 2. The Board considered and approved Interim Dividend of Rs. 4.00 /- (Rupees Four only) per equity share of face value of Rs. 2/- (Rupees Two only) each fully paid up for the Financial Year 2026-27. The record date for the purpose of payment of Interim Dividend, as intimated earlier will be November 6, 2026. The payment of Interim Dividend will be completed on or before November 27, 2026. The meeting of the Board of Directors commenced at 03:30 P.M and concluded at 04:40 PM. Q (033) 3544-15 @ info@crizac.com i www.crizac.com
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ed : L80903WB2011PLC156614 : A! ° WING A, 3rd FLOOR,Constantia Building, i . rl Za C 11 Dr. U.N.Brahmachari Street, Shakespeare Sarani,Kolkata- 700017 MAKING West Bengal, India . . EDUCATION EASY We request you to kindly take the aforesaid information on record. Thanking you. For Crizac Limited Kashish Arora Company Secretary and Compliance Officer Membership no: A38644
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Slngfil GZ Co 161, Sarat Bose Road A Kolkata-700 026, Indiia) T +91(0)33-2419 6000/01/02 Chartered Accountants & kollaea@einghicacom www.singhico.com Independent Auditors’ 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 of Crizac Limited 1) We have reviewed the accompanying Statement of unaudited consolidated financial results of Crizac Limited (“the Holding Company'/'the 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 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 entities mentioned in Annexure 1. 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 and 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles Jaid 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 unaudited interim financial results and other unaudited financial information in respect of: a) Two subsidiaries, whose unaudited interim financial results and other unaudited financial information, before consolidation adjustments, include total assets of Rs. 26,913.26 lakhs as at September 30,2026, total revenues of Rs. 9,399.78 lakhs and Rs. 28,104.75 lakhs, total net profit/(loss) after tax of (-) Rs. 509.66 lakhs and (-) Rs. 959.55 lakhs, total comprehensive income of (-) Rs. 509.66 lakhs and (-) Rs. 959.55 lakhs for the quarter ended September 30, 2026 and for the period from April 01, 2026 to Offices: ices: Kolkata, Delhi NCR, Mumbai, Chennai, Bengalury, Pune & Raipur
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Singhi & Co. Chartered Accountants ...contd. September 30, 2026, respectively, and net cash inflows of Rs. 2,903.51 lakhs for the period from April 01, 2026 to September 30, 2026, as considered in the Statement, which have been reviewed by other auditors. The other auditors' reports on unaudited interim financial results and other unaudited financial information 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. 7) Both of these subsidiaries are located outside India whose financial results and other financial information have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been reviewed by other auditors under generally accepted auditing standards applicable in their respective countries. The Holding Company's management has converted the financial results of such subsidiaries located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Holding Company's management. Our conclusion in so far as it relates to the balances and affairs of such subsidiaries located outside India is based on the report of other auditors and the conversion adjustments prepared by the management of the Holding Company and reviewed by us. 8) The accompanying Statement includes unaudited interim financial results and other unaudited financial information in respect of: a) Four subsidiaries (including step down subsidiaries), whose unaudited interim financial results and other unaudited financial information, before consolidation adjustments, reflect total assets of Rs. 4,797.40 lakhs as at September 30, 2026, total revenues of Rs. 332.35 lakhs and Rs. 597.59 lakhs, total net profit/(loss) after tax of (-) Rs. 436.32 lakhs and (-) Rs. 631.46 lakhs, total comprehensive income of (-) Rs. 432.04 lakhs and (-) Rs. 622.94 lakhs for the quarter ended September 30, 2026 and for the period from April 01, 2026 to September 30, 2026, respectively, and net cash outflows of Rs. 50.75 lakhs for the period from April 01, 2026 to September 30, 2026, as considered in the Statement. The unaudited interim financial results and other unaudited financial information of these subsidiaries, have not been reviewed by their auditors and have been approved and furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the affairs of these subsidiaries, is based solely on such unaudited interim financial results and other unaudited financial information. According to the information and explanations given to us by the Management, these interim financial results and other unaudited financial information are not material to the Group. Our conclusion on the Statement in respect of matters stated in para 6, 7 and 8 above is not modified with respect to our reliance on the work done and the reports of the other auditors and the financial results certified by the Management. For Singhi & Co. Chartered Accountants ICAI Firm Registration No: 302049E T lyadodd/le . Joyanta Batabyal Partner Membership No. 306031 UDIN: 26306031MXIFRG9971 Place: Kolkata Date: October 30, 2026
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Singhi <Z Co. Chartered Accountants «.eeeocONLd. Annexure 1 - List of entities included in the accompanying statement Re: Review Report to The Board of Directors of Crizac Limited ['sL Name of entities Relationship 1 Crizac Limited Holding Company 2 Crizac Limited, UK Wholly owned Subsidiary 3 UCOL FZE, Dubai Wholly owned Subsidiary 4 Studies Planet.Com Limited Step Down Subsidiary 5 Global Tree Careers Private Limited Subsidiary 6 | Edument Consultancy Private Limited Subsidiary 7 Inova Consultancy Limited Step Down Subsidiary
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3rd Floor, Wing A, Constantia Bullding, 1, Dr. UN Brahmachari Sreet, Kolkats rizac CRIZAC LIMITED CIN;LBOS03WBZ011PLC1566 14 700017, West Bengal Statement ofunaudited consolldated financial results for the quarter and half year ended 30 September, 2026 (R In Lakhs, excopt per share data) Quarter Ended el Year Ended Year Ended Particulars 30Sepiember2026 | 301une2026 | 30 September 2025 30September2025 | 31 March, 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) T TNGONE Revenue rom Operations 1026653 201213 1622515} 3038785, s7.17868] 10421571 Other Incame. 85400 72179 2636 157535 153070) 289613 [Total income 112059 Zop43.11] Tessna)] 31,96370] 58,709.30] To7,11184) u [exenses Costof Services 53754 1252435] 9.127.64 1796189 2256571 7031954 Employes Benefis Expense 9672 L0092 72925 170644 127865 303451 Finance Costs 193] 199] 045 562f 077] 658 Depreciation ind Amortisation Expenst s6023| 35227 60823 73257 12772 273629 (Gain)/ Loss on Forward Concracts and Exchange rate differences @42 (1183)| (13077) (15625) (5479) (2626 Other Expenses 83039 585.70) 4723 14169 94641 261947] Total Expenses Ta0731] T4359.20] T0507.17 21,46651] Zapi4.02] 7,390.12] 1 [Profic/ (Loss) before Tax & Exceptianallems (1-11) 101328 648391 648166 10497.19 1269534 2872172 W [Esceptionalliems - - - - - - v [profie/ (Loss) before Tax 11 1) 401328 6a83.91 648166 1049739 1269536 Z72172] i [TaxExpense Current Tax 167910 1865216 158743 35426 323164 6o3041 Deferred Tax (128909) 219) s0.00) (128650 4653 rocal Tax Expense 39001 15867.35] 1648.12] 225736 328057] Vit {NetProfit / (Loss) after Tax(v-11) 3,62327) 461656 183354] 323983 5,414.79) 71918.01] Vil {other Comprehensive Income ems that will not e reclassified to profi o loss et gain / (Joss) on equity inscruments through Other Comprehensive Incore (s0490)| 56205] s250] 5715 (s020) 73605) Remeasurement gain / (10s) of deined benefit plan 343 369 (1.03) 712 (2.08) 7.16) Income tax relting to sbove tems 7134 (®129) (725) (095)| 627 10708 Wemms that will b reclassifed to profi o foss Exchange diffrence on tanslating financial statements of foreign aperations 3502 1261 1379) 4763 o141 29766 Other Comprehensiv Income for the period (Net of Tax) Gosi1) 97.00] 5001 To106 7540 30.49) 1X_[Total Comprehensive Income for the period (Vl + Vitl) 3,226.16) s i1362] 489153 8341.78] 5 40.19) Zis7952] Net Profit Atcributable to: () Owners ofthe Company 369019 471284 483354 840303 941479 2191350) (5) Non-Controlim inceest (6692) (o620) (16320) , 451 (Other Comprenensive Income Attibutable to (8] Ownersofthe Company [40290) 19399) 5001 9208 5.0 (35250) (b) NonContollng Interest 779 208 j g7 . 1501 [Total Comprehensive Income Atrtbutable to: (8) Owners ofthe Company 32672) 520759 4g91.55| 849511 944019 2156001 (6] Non-Controlling Interest (59.13) (0420 f (15333) - 1951 X {Paid-up equity share caplcal 349965 349965 349965 349965 349965 349965 (Face value per share ks 2 each) X1 [Other Equity (excluding revaluation reserve) and Non controlling interest s574468) X1 [Earnings per Equity Shares of par value of Rs. 2 each Basic Earnings Per Share (Rs) 211 269 27 480) 53] 1259 [Diluted Earnings Per Share (s)* 21 269 274 180 536) 1252 “Not annualsed Incase of mtarim periods
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CRIZAC LIMITED CIN: L80903WB2011PLC156614 Statement of unaudited consolidated assets and liabilities (Rs. in Lakhs) Particulars Asat 30 September 2026 As at 31 March 2026 (Unaudited) (Audited) [ASSETS Non-Current Assets Property, Plant and Equipment 371136 3,222.05 Investment Property 1,351.97| 745.09) Goodwill 2,734.69| 2,435.85 Right of Use Assets 1,090.43 1,110.89 Other Intangible Assets 4,469.94 4,512.34 Financial Assets (i) Investments 3,156.75] 3,099.60| (ii) Other Financial Assets 28,553.17| 14,220.81| Deferred Tax Assets (Net) 1,246.19 - Income Tax Assets (Net) 177.27| 758.74] Other Non-Current Assets 82.08 10.02] Total Non-Current Assets 46,573.85 30,115.39 Current Assets Financial Assets (i) Trade Receivables 7,342.96 23,851.21) (ii) Cash and Cash Equivalents 15,887.27 13,554.34f (iif) Bank Balances other than (if) above 3,590.43 2,949.36 (iv) Other Financial Assets 12,381.85] 17,014.41 Other Current Assets 846.79) 73.09) [Total Current Assets 40,049.30 57,442.41 [ TOTAL ASSETS 86,623.15) 87,557.80] EQUITY AND LIABILITIES Equity Equity Share Capital 3,499.65 3,499.65| Other Equity 63,332.36 54,959.96 [Equity attributable to Owners of the Company 66,832.01 58,459.61 Non-Controlling Interests 63249 784.72| Total Equity 67,464.50 59,244.33 Non-Current Liabilities Financial Liabilities (i) Borrowings 27.00 87.55 (ii) Lease Liabilities 827 8.27 Provisions 176.66 161.17| Deferred Tax Liabilities (Net) 859.24 731.34f Other Non-Current Liabilities 109.84 7.99 Total Non-Current Liabilities 1,181.01 996.32 Current Liabilities Financial Liabilities (i) Borrowings 6148 87.94 (ii) Lease Liabilities - - (iii) Trade Payables l | Total outstanding dues of micro and small enterprises Total outstanding dues of creditors other than micro and small enterprises 16,570.88 23,358.80) (iv) Other Financial Liabilities 489.24 282.10 Other Current Liabilities 238.60 2,802.34f Provisions 13.08 853 Current Tax Liabilities (Net) 604.36 777.44f Total Current Liabilities 17,977.64 27,317.15) [TOTAL EQUITY AND LIABILITIES 86,623.15 87,557.80 **Below rounding off norms
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CRIZAC LIMITED CIN: L80903WBZ011PLC156614 Consolidated Unaudited Statement of Cash Flows (Rs. In Lakhs) Hall Year Ended Particulars 30 September, 2026 30 September, 2025 (Unaudited) (Unaudited) A_|Cash Flow from Operating Actvities Profit/ (Loss) Before Tax 10497.19 12,695.36 Adjustments for: Depreciation and Amortisation Expense 73252 127727 Employee Stock option expenses (121.80) 21598 Finance Cost 582 077 Interest Income (1:309.23)| (1450.26) Rental Income from Investment Property (82.20) (73.92) Foreign currency translation adjustment (net) 3177 - Operating Profit before Changes in Non-Current / Current Assets and Liabilities 9,754.07 12,665.20 Adjustments for: Trade Receivables, Other Financial Assets and Other Assets 1530076 2,536.10 Trade Payables, Other Financial Liabilities, Other Liabilities and Provision (921223) (19316.26) Cash Generated from Operations 15,842.60 (4,114.96) Income Tax Paid (Net of Refund) (3,15039) (3,139.60 Net Cash Flow generated from/ (used in) Operating Activities 12,692.21 (7,254.56) B [Cash Flow from Investing Activities Payment for acquisition of property, plant & equipment, CWIP & Intangible Assets (including capital advance) (671.76) (27.04) Payment for acquisition of Investment Property (623.94) - Payment for purchase of Contract Assets - (3430) Payment for Acquisition of subsidiary, net of cash acquired (371.49)| (42.97) Investment in bank deposits (25800.05) 12,605.03) Redemption / maturity of bank deposits 15,470.00 1125644 Rent received from Investment property 81.22 7219 Interest Received 1270.69 111095 [Net Cash Flow generated from/ (used in) Investing Activities (10,645.33) (269.76) 'C_[Cash Flow from Financing Activities Repayment of Borrowings (87.01)| - Repayment of lease labilities (0.38) (075) Interest paid (5.20)| (039)] Net Cash Flow generated from/ (used in) Financing Activities 92.59) (1.14) Netincrease/(decrease) in Cash and Cash equivalent (A+B+C) 195429 [7,525.46) Cash & Cash equivalent at the beginning of the period T3,554.34 888265 Effect of exchange rate fluctuations 378.64 6141 [Cash & Cash equivalent at the end of the period 15,887.27 1418.60 Notes: 1 The above Statement of Cash Flows has been prepared under the "Indirect Method" as set out in Ind AS- 7 "Statement of Cash Flows’". 2 Direct Taxes paid are treated as arising from operating activities and are not bifurcated between investing and financing activities.
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CRIZAC LIMITED Statement of Unaudited Consolidated Financial Results for the quarter and half year ended 30 September 2026 Notes: 1) The unaudited consolidated financial results of Crizac Limited (the "Holding Company"/ “the Company”) are prepared in accordance with Indian Accounting Standards (‘Ind AS) notified under Section 133 of the Companies Act, 2013, read together with the Companies (Indian Accounting Standards) Rules, 2015 (as amended). 2) The unaudited consolidated financial results include results of the Holding Company and the financial results/financial information of its Subsidiaries (collectively the “Group") for the quarter and half year ended 30 September 2026. The above unaudited Consolidated Financial Results have been reviewed & recommended by the Audit Committee and subsequently approved by the Board of Directors at their respective meetings held on 30 October 2026 as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 3) The Group is primarily engaged in the business of “International Student Recruitment”. There is no separate reportable segment as per Ind AS 108 - Operating Segments. 4) Business of International Student Recruitment being seasonal in nature, the above results vary from quarter to quarter and results for the quarter are not representative of the annual results. 5) Costof services represents commission expenses that are paid to agents. 6) During the half year ended 30 September 2026, the Holding Company reassessed the expected pattern of consumption of future economic benefits embodied in its Property, Plant and Equipment, Intangible Assets, Right-of-Use Assets, and Investment Properties. Based on this assessment, management concluded that the Straight Line Method (SLM) more appropriately reflects this pattern of consumption than the Written Down Value (WDV) method. Accordingly, the Company has changed its method of depreciation and amortization from WDV to SLM. In accordance with the applicable Indian Accounting Standards (Ind AS), this change has been accounted for prospectively as a change in accounting estimate with effect from 01 April 2026. Consequently, the depreciation and amortization expense for the quarter ended 30 September 2026 and half year ended 30 September 2026, is lower by X 142.88 lakhs and 3268.08 lakhs respectively. It is impracticable to estimate the future impact of this change. 7) On 30 October 2026, the Board of Directors of the Holding Company declared an interim dividend of 3 4.00 per equity share of face value 2 cach (200%), aggregating to ¥ 6,999.30 lakhs. 8) During the half year ended September 30, 2026, the Company acquired from existing holders 5,337 compulsorily convertible preference shares (“CCPS") of X10 each and 2,250 compulsorily convertible debentures (“CCDs") of 310,000 each of Edument Consultancy Private Limited (“Edument”), for 64.36 lakhs and X59.38 lakhs, respectively. The CCPS carry a cumulative cash dividend of 0.1% per annum and voting rights on an as-if-converted basis. The CCPS are convertible into equity shares of Edument at an initial ratio of 1:1, exercisable at the holder’s option at any time prior to the expiry of 20 years from issuance, or automatically upon a Qualified 1PO. On 30 September 2026, Edument’s shareholders approved revised terms for the CCDs. Under the revised terms, the CCDs carry interest at 0.01% per annum and each CCD is compulsorily convertible into 41 equity shares of Edument. Considering the terms of conversion, both instruments are convertible into a fixed number of equity shares. Accordingly, Edument has become a subsidiary of the Holding Company with effect from 30 September 2026, The acquisition has been accounted for as a business combination in accordance with Ind AS 103 - Business Combinations. As permitted under Ind AS 103, the Company may refine the fair value measurements of the assets acquired and liabilities assumed during the measurement period, which shall not exceed twelve months from the Acquisition Date, if new information becomes available regarding facts and circumstances that existed at the Acquisition Date.
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CRIZAC LIMITED Statement of Unaudited Consolidated Financial Results for the quarter and half year ended 30 September 2026 9) During the quarter ended 30 September 2026, Crizac Ltd UK, the Company's wholly owned subsidiary incorporated in the United Kingdom, entered into an agreement to acquire 100% equity share capital of Inova Consultancy Limited for a cash consideration of £742,378 (payable in one or more tranches). The acquisition is intended to strengthen the Group's international education recruitment business and expand its presence in new destination markets. The acquisition has been accounted for as a business combination in accordance with Ind AS 103 - Business Combinations. As permitted under Ind AS 103, the Company may refine the fair value measurements of the assets acquired and liabilities assumed during the measurement period, which shall not exceed twelve months from the Acquisition Date, if new information becomes available regarding facts and circumstances that existed at the Acquisition Date. 10) For the half-year ended 30 September 2026, the Group recognised a deferred tax asset of 3 1,270.10 lakhs in respect of accumulated tax losses incurred by Crizac Limited, UK. Management assessed that future taxable profits will probably be available against which these tax losses can be utilised. This recognition is supported by management's financial projections, factoring in forecast revenues, expected cost efficiencies, and planned measures to reverse recent losses. 11) Certain items in the consolidated financial results for previous period have been reclassified or regrouped to align with the presentation for the current period. These changes have been made to enhance the quality of information disclosed and do not have an impact on the previously reported profit or total equity. For and on behalf of the Board of Directors Vst oo Vikash Agarwal DIN: 03346531 Managing Director Place: Kolkata Date: 30 October 2026
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Slngfil G'Z Co 16, Sarat Bose Road . Kolkata-700 026, (India) T +91(0)33-2419 6000/01/02 Chartered Accountants kolkata@singhico com www.singhico.com Independent Auditors’ 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 of Crizac Limited 1) We have reviewed the accompanying statement of unaudited standalone financial results of Crizac 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 (“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 Singhi & Co. Chartered Accountants ICAI Firm Registration No: 302049E T Aedadof Joyanta Batabyal Partner Membership No. 306031 UDIN: 2630603 1XAASCW1870 Place: Kolkata Date: October 30, 2026 Offices: Kolkata, Delhi NCR, Mumbai, Chennai, Bengaluru, Pune & Raipur
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"é’rizqc CRIZACLIMITED CIN: LBOSOIWB2011PLEIS 6614 3rd Floor, Wing A Constantia Bullding. 11, Dr. UN Brahmachari Street, Kolkata- 700017, West Bengal Statement of unaudited standalone financial results for the quarter and half year ended 30 September, 2026, (R n Lakhs, excopt por share data) Quarter Ended TalTVear Ended Vear Ended Pardculars 30September, 2026 | 30June,2026 | 30 September,2025 | 30 September,2026 [ 30 September,2025 | 31 March, 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unauaited) (Auditeq) T WeomE Revenue from Operations 725964 820107 634778 1546071 1361461 2665758 Gther income. 75859 63578 75785 139437 1,498.12 277748 TotalIncome 501825 536,65 7705.63 T6.855.08 511273 29.435.06 1 | EXPENSES Costof services 66894, 91062 59589 157956 71481 1645.47 Employee Benefts Expense 80324 63524, s4480 143848 104683 218938 Finance Costs 031 030 048 061 077 135 Depreciation and Amortsation Expense. 30644, 20693 58413 60337 123001 261183 (Gain) / loss on Forward Contracts and Exchinge rate diffrences (255.09) (252.29) (321.16) (50737) (953) (384.25) Other Expenses 36154, 20493 21633 56647 47800 96088 Total Expenses 80538 79574 155056 360112 3430.98 7,024.66 1r | Profit/ (Loss) before Exceptional Items and Tax (1- 1) 613205 704111 615507 1317396 1168175 241040 | Excepdional iems - : N 2 - . V| Proft/(Loss) before Tax (1 + V) G385 EATTRYY 5507 1317556 1168175 2241040 i | Tax Expense: Curren Tax 154670 172861 151291 327531 291985 579051 DelerredTax 3152 2625 01 57.77 3450 (65.13) Total Tax Expenses 157822 175486 156194 5335.00 298435 5725.38 it | Netrot / (Loss) after Tax (v -v1) 455163 528625 459313 9,840.60 8,697.40 16,685.02 vin| other Comprenensive income. Itoms that will nat be reclassified to profitor loss. Net (lss)/galn o equiy nstruments through Other Comprehensive Income. (s0430) s6205 s2s0 715 (020 (73605) Remeasurement loss of dfised benefit plan (2.29) (197) (1.03) (426) (208) (7.16) Income tax relating o above Kems 7278 (7987 (2.25) (.09) 627 107.06 Other comprohensive Income for the porfod (Net f Tax) 3a.0)] 30021 4422 4500 (o)} (636.15)] 1 | Total Comprehensive income for the period (V11 + it} 12022 766,46 637,35 558668 6139 T6.045.87 X | Pald-up equity share capital 349965 490,65 T4996% 349965 49965 349965 (Face value per share s, 2 each) X1 | other Bquity (excluding revatuation reserve) 5201689 X1 | Earnings per Equity Shares of par value of Rs.2 each Basic Earniags Per Share (Rs)" 260 302 262 s62 97 954 Diluted Earnings Per Share (Rs)" 260 02 262 562 497 954 “Notanmualised Incase of terim pertods
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CRIZAC LIMITED CIN: L80903WB2011PLC156614 Statement of unaudited standalone assets and liabilities (Rs.in Lakhs) As at Asat Particulars 30September, 2026 | 31 March, 2026 (Unaudited) (Audited) ASSETS Non-Current Assets Property, Plant and Equipment 3,200.68 266687 Investment Property 135197 74509 Right of Use Asset 1,09043 111089 Other Intangible Asset 230620 281284 Financial Assets (i) Investments in Subsidiaries 290168 308594 (i) Other Investments 315675 3099.60 (iii) Other Financial Assets 28,553.17 14,220.81 Income Tax Assets (Net) 17182 75557 Other Non-Current Assets 82.08 1002 Total Non-Current Assets 42,8178 28,507.63 Current Assets Financial Assets (i) Trade Receivables 8,885.80 7,968.94 (i) Cash and Cash Equivalents 23743 75727 (i) Bank Balances other than (i) above 359000 294936 () Other Financial Assets 1237867 1701659 Other Current Assets 7.86 20.61 Total Current Assets 25,099.76 28,712.77 TOTAL ASSETS 67,91154 57,2040 EQUITY AND LIABILITIES Equity Equity Share Capital 349965 349965 Other Equity 6178085 5201689 Total Equity 65,28050 55,516.54 Liabilities Non-Current Liabilities Financial Liabilities (i) Lease Liabilities 827 827 Provisions 7693 59.19 Deferred Tax Liabilities (Net) 50340 43853 Other Non-Current Liabilities 764 7.99 Total Non-Current Liabilities 59624 513.98 Current Liabilities Financial Liabilities (i) Lease Liabilities - - (if) Trade Payables Total outstanding dues of micro and small enterprises - - Total outstanding dues of creditors other than micro and small onerprises T 1,638.90 966,13 (iii) Other Financial Liabilities 193.16 168.39 Other Current Liabilties 19854 4982 Provisions 720 554 Total Current Liabilities 2,037.80 1,189.88 TOTAL EQUITY AND LIABILITIES 67,91454 57,220.40 ** Below rounding off norms
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CRIZAC LIMITED CIN: L80903WB2011PLC156614 Standalone unaudited statement of cashflows (Rs. In Lakhs) Half Year Ended Particulars 30 September, 2026 | 30 September, 2025 (Unaudited) (Unaudited) A [Cash Flow from Operating Actvities Profit/ (Loss) Before Tax 13,173.96 1168175 [Adjustments for: Depreciation and Amortisation Expense 603.37, 123001 Employee Stock option expenses 18529 90.89 Finance Cost 0.61, 077 Interest Income (1.309.23) (1424.20) Rental Income from Investment Property. (82.20) (73.92) [Operating Profit before Changes in Non-Current / Current Assets and Liabilities 12,571.80 11,505.30 [ Adjustments for: Trade Recelvables, Other Financial Assets and Other Assets (878.98) (8:311.15)| Trade Payables, Other Financial Liabilities, Other Liabilities and Provision 87018 32319 cash Generated from Operations 12,563.00 3517.34 Income Tax Paid (Net of Refund) (2,69156) (311191 [Net Cash Flow generated from/ (used in) Operating Activities 987144 40543 B [cash Flow from Investing Activities Payment for acquisition of Property, Plant & Equipment, CWIP & Intangible Assets (including capital advance) (665.08) (27.04) Payment for acquisition of Investment Property (623.94) - Investment in subsidiaries (123.74) - Investment in bank deposits (25:800.05) (12,605.03) Redemption / maturity of bank deposits 1547000 11,256.44 Rent Received from Investment Property 8122 7392 Interest Received 1270.69 108489 [Net Cash Flow generated from/ (used in) Investing Activities (10,390.50) (216.82) C [cash Flow from Financing Activities Payment of lease liabilities (038) (0.75) Interest paid - (0:39) [Net Cash Flow generated fromy (used in) Financing Actvities 0.38), (114) Netincrease/(decrease) in Cash and Cash equivalent (A+B+C) (519.84) 18747 [Cash & Cash equivalent at the beginning of the period 757.27 42190 237.43 609.37 [Cash & Cash equivalentat the end of the period Notes: 1 The above Statement of Cash Flows has been prepared under the “Indirect Method” as set out in Ind AS- 7 "Statement of Cash Flows", 2 Direct Taxes paid are treated as arising from operating activities and are not bifurcated between investing and financing activities,
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CRIZAC LIMITED Statement of Unaudited Standalone Financial Results for the quarter and half year ended 30 September 2026 Notes: 1) 2) 3) 4) 5) 6) 7) 8) The unaudited standalone financial results of Crizac Limited (the "Company") are prepared in accordance with Indian Accounting Standards ('Ind AS') notified under Section 133 of the Companies Act, 2013, read together with the Companies (Indian Accounting Standards) Rules, 2015 (as amended). The above unaudited standalone financial results have been reviewed & recommended by the Audit Committee and subsequently approved by the Board of Directors at their respective meetings held on 30 October 2026 as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, The Company is primarily engaged in the business of “International Student Recruitment’. There is no separate reportable segment as per Ind AS 108 - Operating Segments. Business of International Student Recruitment being seasonal in nature, the above results vary from quarter to quarter and results for the quarter are not representative of the annual results. Cost of services represents commission expenses that are paid to agents. During the half year ended 30 September 2026, the Company reassessed the expected pattern of consumption of future economic benefits embodied in its Property, Plant and Equipment, Intangible Assets, Right-of-Use Assets, and Investment Properties. Based on this assessment, management concluded that the Straight Line Method (SLM) more appropriately reflects this pattern of consumption than the Written Down Value (WDV) method. Accordingly, the Company has changed its method of depreciation and amortization from WDV to SLM. In accordance with the applicable Indian Accounting Standards (Ind AS), this change has been accounted for prospectively as a change in accounting estimate with effect from 01 April 2026. Consequently, the depreciation and amortization expense for the quarter ended 30 September 2026 and half year ended 30 September 2026, is lower by ¥ 142.88 lakhs and X268.08 lakhs respectively. It is impracticable to estimate the future impact of this change. On 30 October 2026, the Board of Directors declared an interim dividend of % 4.00 per equity share of face value 22 each (200%), aggregating to % 6,999.30 lakhs. During the half year ended 30 September 2026, the Company acquired from existing holders 5,337 compulsorily convertible preference shares (“CCPS”) of ¥10 each and 2,250 compulsorily convertible debentures (“CCDs") of 10,000 each of Edument Consultancy Private Limited (“Edument”), for 364.36 lakhs and ¥59.38 lakhs, respectively. The CCPS carry a cumulative cash dividend of 0.1% per annum and voting rights on an as-if-converted basis. The CCPS are convertible into equity shares of Edument at an initial ratio of 1:1, exercisable at the holder’s option at any time prior to the expiry of 20 years from issuance, or automatically upon a Qualified IPO. On 30 September 2026, Edument's shareholders approved revised terms for the CCDs. Under the revised terms, the CCDs carry interest at 0.01% per annum and each CCD is compulsorily convertible into 41 equity shares of Edument. Considering the terms of conversion, both instruments are convertible into a fixed number of equity shares. Accordingly, they are classified as equity instruments and carried at cost under “Investments in Subsidiaries”. Edument has become a subsidiary of the Company with effect from 30 September 2026.
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CRIZAC LIMITED Statement of Unaudited Standalone Financial Results for the quarter and half year ended 30 September 2026 9) Certain items in the standalone financial results for previous period have been reclassified or regrouped to align with the presentation for the current period. These changes have been made to enhance the quality of information disclosed and do not have an impact on the previously reported profit or total equity. For and on behalf of the Board of Directors ‘f,mhw ) Vikash Agarwal DIN: 03346531 Managing Director Place: Kolkata Date: 30 October 2026