Interim report
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Date: October 30, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 India Scrip Code: 543529 National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 India Symbol: DELHIVERY Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Outcome of the Board Meeting of Delhivery Limited Dear Sir/Ma’am, In reference to our earlier communication dated October 22, 2026 and pursuant to the provisions of Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) and the SEBI Master Circular No. HO/49/14/14(7)2025 -CFD-POD2/I/3762/2026 dated January 30, 2026 (“Master Circular”), we hereby inform you that the Board of Directors of the Company at its meeting held today i.e. Friday, October 30, 2026, has inter alia considered and approved: 1. the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026 (“Unaudited Financial Results”). In view of the aforesaid, please find enclosed herewith: a) Auditor's Limited Review Report on the Unaudited Financial Results; and b) Unaudited Financial Results. 2. investment in Delhivery Fintech Distribution Private Limited (“ DFDPL”), a wholly owned subsidiary of Delhivery Limited (“the Company”), not exceeding Rs. 36 crores (Rupees Thirty-Six crores) in one or more tranches. The details of the proposed investment, as required pursuant to the Master Circular, is enclosed as “Annexure-A”. The meeting of the Board of Directors commenced at 01:30 P.M. (IST) and concluded at 0 3:50 P.M. (IST). The outcome of the board meeting is also being uploaded on the Company's website i.e. www.delhivery.com.
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You are requested to take this on record. Thank you. Yours sincerely For Delhivery Limited Madhulika Rawat Company Secretary & Compliance Officer Membership No.: F8765 Encl: As above
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Annexure-A SI. Particulars Details 1 Name of the target entity, details in brief such as size, turnover etc.; Delhivery Fintech Distribution Private Limited (“DFDPL”) DFDPL, wholly owned subsidiary of the Company, incorporated on June 02, 2026. The current paid -up shares capital is Rs. 15 crores. The turnover of DFDPL as on September 30, 2026 is Rs. 5.3 Lakhs 2 Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”; Yes, DFDPL is the wholly -owned subsidiary of the Company. The investment will be done at arm's length basis. There are no identifiable promoters in the Company. 3 Industry to which the entity being acquired belongs; Financial Services and allied services 4 Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity); The equity investment of upto Rs. 36 crores is to fund the operational and business requirements of DFDPL. 5 Brief details of any governmental or regulatory approvals required for the acquisition; There are no governmental or regulatory approvals required prior to making aforesaid investment. 6 Indicative time period for completion of the acquisition; As per the business requirement of DFDPL, the Company will infuse funds upto Rs. 36 Crores (Rupees Thirty-Six Crores) in DFDPL from time to time in one or more tranches. 7 Consideration - whether cash consideration or share swap or any other form and details of the same; Cash consideration 8 Cost of acquisition and/or the price at which the shares are acquired; Up to Rs. 36 Crores (Rupees Thirty-Six Crores) in one or more tranches. 9 Percentage of shareholding / control acquired and / or number of shares acquired; The Company holds 100% share capital in DFDPL. Post aforesaid investment, the shareholding of the Company in DFDPL will remain the same. 10 Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover DFDPL is a wholly owned subsidiary of Delhivery Limited, which was incorporated on June 02, 2026. DFDPL aims to distribute fintech products and services, including insurance, payment solutions such as FASTags and fuel cards, and telematics solutions such as GPS, to participants across the logistics ecosystem, including truckers, last-mile delivery agents and MSMEs.
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Deloitte Chartered Accountants 7th Floor Building 10 Tower B Haskins & Sells LLP DLF Cyber City Complex DLF City Phase II Gurugram-122 002 Haryana, India Tel: +91 124 679 2000 Fax: +91 124 679 2012 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF DELHIVERY LIMITED 1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of DELHIVERY LIMITED ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), and its share of the net loss after tax and total comprehensive loss of its associate for the quarter and half year ended September 30, 2026 ("the Statement") being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the LODR Regulations") . 2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent 's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of Parent's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit . Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. 4. The Statement includes the results of the entities as 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 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 , as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. We did not review the financial results of 12 subsidiaries included in the consolidated unaudited financial results, whose financial results reflect total assets of Rs. 1,138 million as at September 30, 2026, total revenues of Rs 39.87 million and Rs 61.30 million for the quarter and six months ,':-"'·'s C:~ ended September 30, 2026 respectively, total loss after tax of Rs 65 .17 million and Rs. 129.38 -:?"'' '"-'co,... illion for the quarter and six months ended September 30, 2026 respectively and total ...J.. _ , .-~8:c6 ·-;; omprehensive loss of Rs 54.92 million and Rs 109.78 million for the quarter and six months .fi ~~~~--~: __ -;;.:-?9:::,::: ...... ~,., () u{"/ ,•,_ ..... .. . ~ Regd. Office: One International Center, Tower 3, 31st floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai-400 013, Maharashtra, India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737
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Deloitte Haskins & Sells LLP ended September 30, 2026 respectively and net cash outflows of Rs. 187 .89 for the six months ended September 30, 2026, as considered in the respective standalone unaudited financial results of the entities included in the Group. The consolidated unaudited financial results also includes the Group's share of loss alter tax of Rs 10.04 million and Rs 40.01 million for the quarter and six months ended September 30, 2026 respectively and total comprehensive loss of Rs 17 .35 million and Rs 35.86 million for the quarter and six months ended September 30, 2026 respectively, as considered in the Statement, in respect of one associate, whose financial results have not been reviewed by us. These financial results have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and associate, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of these matters. Place: Gurugram Date : October 30, 2026 For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) Vikas Khurana Partner Membership No. 503760 UDIN:2/,!,0.'.?,"'1-60('.J fC- r-rw ·=r319
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Deloitte Haskins & Sells LLP Annexure 1 S.No. Name of the Entity Relationship 1 Delhivery Limited The Parent 2 Delhivery Cross Border Services Private Subsidiary Limited 3 Delhivery USA LLC Subsidiary 4 Delhivery Corp Limited, London, United Subsidiary Kingdom (till June 9, 2025) 5 Delh ivery HK Pte. Ltd. Subsidiary 6 Orion Supply Chain Private Limited Subsidiary 7 Delhivery Freight Services Pvt Ltd Subsidiary 8 Delhivery Singapore Pte. Ltd Subsidiary 9 Ecom Express Limited (w.e .f July 18, Subsidiary 2025) 10 Algorhythm Tech Private Limited Subsidiary 11 Delhivery Robotics LLC Subsidiary 12 Delhivery Financial Services Private Subsidiary Limited (w.e.f. January 16, 2026) 13 Delhivery Logistics (Shenzhen) Company Subsidiary Limited 14 Delhivery Bangladesh Logistics Pvt. Ltd Subsidiary (till September 27, 2025) 15 Delhivery Robotics India Private Limited Subsidiary 16 Delhivery UK Limited (w .e.f. January 15, Subsidiary 2026) 17 Delhivery Fintech Distribution Private Subsidiary Limited (w .e.f. June 02, 2026) 18 Falcon Autotech Private Limited Associate
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September 30, 2026June 30, 2026September 30, 2025September 30, 2026September 30, 2025March 31, 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited I Revenue from operations 30,663.81 29,307.30 25,593.21 59,971.11 48,533.22 105,083.07 II Other income 666.25 1,141.13 922.15 1,807.38 2,221.08 3,586.48 III Total Income (I+II) 31,330.06 30,448.43 26,515.36 61,778.49 50,754.30 108,669.55 IV Expenses Freight, handling and servicing costs 21,950.87 21,521.62 18,428.86 43,472.49 34,806.74 74,658.78 Employee benefits expense 4,462.85 4,289.64 4,255.85 8,752.49 7,782.44 16,045.58 Finance costs 340.15 337.90 388.58 678.05 728.68 1,441.07 Depreciation and amortisation expense 1,974.90 1,892.35 1,781.11 3,867.25 3,255.74 6,954.39 Other expenses 2,201.32 2,074.49 2,226.81 4,275.81 3,774.10 7,978.74 Total Expenses 30,930.09 30,116.00 27,081.21 61,046.09 50,347.70 107,078.56 V Profit/(Loss) before share of net profit/(loss) of investments accounted for using the equity method, exceptional items and tax (III-IV) 399.97 332.43 (565.85) 732.40 406.60 1,590.99 VI Share of profit/(loss) of associate (net) (10.04) (29.97) 33.64 (40.01) (42.05) 71.77 VII Profit/(Loss) before exceptional items and tax (V+VI) 389.93 302.46 (532.21) 692.39 364.55 1,662.76 VIII Exceptional items (refer note 3) - - - - - (258.56) IX Profit/(Loss) before tax (VII+VIII) 389.93 302.46 (532.21) 692.39 364.55 1,404.20 X Tax expense : Current tax 0.33 - 0.07 0.33 0.07 2.13 Deferred tax charge/(credit) (16.79) (16.60) (27.35) (33.39) (41.05) (123.33) Total tax expense (16.46) (16.60) (27.28) (33.06) (40.98) (121.20) XI Profit/(Loss) for the period/year (IX-X) 406.39 319.06 (504.93) 725.45 405.53 1,525.40 XII Other Comprehensive Income/(Loss) a) Items that will not be reclassified to statement of profit and loss - Re-measurement gains/(losses) on defined benefit plans 25.61 (15.68) 40.25 9.93 39.82 126.26 - Income tax relating to items that will not be re-classified to profit and loss - - - - - - - Share of other comprehensive income of associate (net) - - 0.09 - 0.08 5.38 b) Items that will be reclassified to statement of profit and loss - Exchange differences on translation of foreign operations 9.67 5.34 22.94 15.01 24.68 48.68 - Income tax relating to items that will be re-classified to profit and loss - - - - - - - Share of other comprehensive income/(loss) of associate (net) (7.31) 11.46 - 4.15 - (0.60) Total Other Comprehensive Income for the period/year (a+b) 27.97 1.12 63.28 29.09 64.58 179.72 XIII Total Comprehensive Income/(Loss) for the period/year (XI+XII) 434.36 320.18 (441.65) 754.54 470.11 1,705.12 XIV Profit/(Loss) for the period/ year attributable to: Owners of the parent 406.39 319.06 (503.76) 725.45 406.70 1,526.76 Non-controlling interest - - (1.17) - (1.17) (1.36) XV Other comprehensive income/(loss) for the period/year attributable to: Owners of the parent 27.97 1.12 63.28 29.09 64.58 179.72 Non-controlling interest* - - 0.00 - 0.00 (0.00) XVI Total comprehensive income/(loss) for the period/year attributable to (XIV+XV): Owners of the parent 434.36 320.18 (440.48) 754.54 471.28 1,706.48 Non-controlling interest - - (1.17) - (1.17) (1.36) XVII Paid up equity share capital (face value ₹ 1 per share) 749.29 748.85 747.41 749.29 747.41 748.61 XVIII Other Equity 96,120.94 XIX Earning/(Loss) per equity share (₹) ** Basic 0.54 0.43 (0.68) 0.97 0.54 2.04 Diluted 0.53 0.42 (0.68) 0.95 0.53 2.00 *Amount less than Rs. 10,000 ** Earning per share is not annualized for quarter and half year ended. See accompanying notes to the consolidated unaudited financial results. S. No. Particulars (All amounts in Indian Rupees in millions, except per equity share data) Year ended Quarter ended Half year ended Delhivery Limited CIN: L63090DL2011PLC221234 Regd. Office: N24-N34, S24-S34, Air Cargo Logistics Centre-II, Opposite Gate 6 Cargo Terminal, IGI Airport, New Delhi 110037 IN E-mail: corporateaffairs@delhivery.com; Website: www.delhivery.com Statement of Consolidated Unaudited Financial Results for the quarter and half year ended September 30, 2026
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(All amounts in Indian Rupees in millions) As at September 30, 2026 As at March 31, 2026 Unaudited Audited Assets Non-current Assets Property, plant and equipment 16,924.80 15,960.52 Right-of-use assets 13,118.92 13,179.77 Capital work in progress 99.76 9.67 Goodwill 23,859.09 23,859.09 Other intangible assets 1,079.38 1,317.32 Investment in associate 3,319.29 3,355.15 Financial Assets i) Investments 6,776.43 8,878.20 ii) Other financial assets 4,351.12 7,628.60 Non-current tax assets (net) 2,618.76 3,605.72 Other non-current assets 319.84 202.92 Total Non-current Assets 72,467.39 77,996.96 Current Assets Inventories 544.14 236.38 Financial Assets i) Investments 22,676.59 17,381.47 ii) Trade receivables 14,100.39 13,709.92 iii) Cash and cash equivalents 3,082.37 2,419.37 iv) Other bank balances 331.05 24.07 v) Loans 19.55 34.69 vi) Other financial assets 13,881.88 13,414.45 Other current assets 2,598.18 2,551.10 Total Current Assets 57,234.15 49,771.45 Total Assets 129,701.54 127,768.41 Equity and Liabilities Equity Equity share capital 749.29 748.61 Other equity 97,413.42 96,120.94 Equity attributable to owners of the Parent 98,162.71 96,869.55 Non-controlling interests - - Total Equity 98,162.71 96,869.55 Liabilities Non-current Liabilities Financial Liabilities i) Lease liabilities 11,746.20 11,196.32 Provisions 230.60 205.99 Deferred tax liabilities (net) 235.03 268.42 Total Non-current Liabilities 12,211.83 11,670.73 Current Liabilities Financial Liabilities i) Borrowings - 25.35 ii) Lease liabilities 2,900.76 3,404.04 iii) Trade payables (a) Total outstanding dues of micro and small enterprises 376.41 154.05 (b) Total outstanding dues of creditors other than micro and small enterprises 12,337.92 11,162.23 iv) Other financial liabilities 1,359.52 2,165.67 Other current liabilities 1,951.41 1,873.35 Provisions 400.92 441.19 Current tax liabilities 0.06 2.25 Total Current Liabilities 19,327.00 19,228.13 Total Liabilities 31,538.83 30,898.86 Total Equity and Liabilities 129,701.54 127,768.41 See accompanying notes to the consolidated unaudited financial results. Delhivery Limited Statement of Consolidated Assets and Liabilities Particulars
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(All amounts in Indian Rupees in millions) September 30, 2026 September 30, 2025 Unaudited Unaudited A) Operating Activities Profit before tax 692.39 364.55 Adjustments to reconcile profit before tax to net cash flows Depreciation of property, plant and equipment 1,853.95 1,337.98 Amortisation of intangible assets 258.56 267.32 Depreciation of right-of-use assets 1,754.76 1,650.43 Allowances for doubtful debts and provision for lost shipment expenses 1,375.58 1,008.54 Allowances for doubtful advances 11.81 (52.99) Credit balance written back (0.11) (0.26) Share based payment expense (equity settled- ESOP) 536.34 488.05 Employee stock appreciation right expense 3.15 9.49 Share of loss of associates (net) 40.01 42.05 Interest expense 6.27 40.93 Interest on lease liability 666.99 684.95 Fair value loss/(gain) on investment at fair value through profit or loss (415.40) 957.49 Gain on modification / termination of lease contracts (117.88) (95.47) Interest income (1,067.77) (1,027.43) Interest income on unwinding of discount on security deposits paid (55.67) (50.08) Net gain on sale of current investments (67.78) (1,877.88) Profit on disposal of property, plant and equipment (41.07) (21.40) Operating profit before working capital changes 5,434.13 3,726.27 Movements in working capital : - Inventories (307.76) (139.41) - Trade and other receivables (1,766.04) (1,135.80) - Financial assets (201.94) (163.73) - Other assets 18.35 (116.70) - Trade payables 1,398.03 854.00 - Other liabilities (382.74) (182.92) - Provisions (8.87) (115.45) Cash flow generated from operations 4,183.16 2,726.26 Income taxes refund/(paid) (net) 1,066.37 (580.07) Net cash generated from operating activities (A) 5,249.53 2,146.19 B) Investing Activities Purchase of property, plant & equipment (including other intangible assets, capital work in progress, capital advances and capital creditors) (3,480.04) (2,203.90) Proceeds from sale of property, plant & equipment 116.25 82.95 Payment towards acquisition of business (net of cash & cash equivalents) - (13,083.28) Proceeds from sale of financial assets - Liquid mutual fund units, debt instruments 33,297.17 64,080.92 Payment to acquire financial assets - Liquid mutual fund units, debt instruments (36,007.34) (53,716.46) Proceeds from maturity of bank deposits (having maturity of more than 3 months) 8,885.54 8,232.77 Investments in bank deposits (having maturity of more than 3 months) (6,236.82) (4,139.66) Interest received 1,057.35 1,320.00 Net cash generated from/(used) in investing activities (B) (2,367.89) 573.34 C) Financing Activities 2.28 9.13 Repayment of long term borrowings (25.35) (538.57) Interest paid (6.56) (27.34) Payment of interest portion of lease liabilities (666.99) (684.95) Payment of principal portion of lease liabilities (1,527.24) (1,303.48) Net cash used in financing activities (C) (2,223.86) (2,545.21) Net increase in cash and cash equivalents (A+B+C) 657.78 174.32 Net foreign exchange difference 5.22 20.66 Cash and cash equivalents at beginning of the year 2,419.37 3,359.67 Cash and cash equivalents at end of the period 3,082.37 3,554.65 For the purpose of the statement of cash flows, cash and cash equivalents comprise the following : Particulars As at September 30, 2026 As at September 30, 2025 Balances with banks: - On current accounts 2,963.62 3,530.59 - In deposit accounts (with original maturity of less than 3 months) 118.75 23.38 Cash in hand - 0.68 3,082.37 3,554.65 See accompanying notes to the consolidated unaudited financial results. Proceeds from issuance of equity share capital Particulars For the half year ended Delhivery Limited Statement of Consolidated Cash Flow
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l>elhi,·l'r)' Limiled '\o(es to the Statement of Consolidated Unaudited Financial Results for the qu:U'te1· anti h:111' ~·ear l.'llded September 30, 2026 : 1 The consolidated financial results ofDelh1ve1y Limited ("the C'ompany"/"the Parent") and its l.J. s.ubsidianes (toi;ether referred to as "the Group") has been prepared in accordance with the recogn1t10n and medSurement pr111ciples laid down 111 the Indian Accounting Standard H "Interim Financial Report111g" ("lnd AS 34"). presc1 ibed under Section 133 of the Compames Act. 20 IJ read "'1th rele\'ant rules issued thereunder and other acwunt mg pn11c1ples genernll) accepted 111 lndia and 111 te1 ms of Rt::gulauon 33 ,,r thi: St:81 tL1stmg Obl1gau .. ms and l>1sdosu1e Re4u11t::rnt::nts) Regula11on:,;: 20 I"· as amended ('the LOUR Regula111ms") The said consolidated unaudited tinam;1al 1esults I epie:.enl 1esulL~ ur the 011Jup am! 1l!:. sha1e 1n I assoc1a1e as reviewed by the Audll Comm ittee. have been approved by Board C1f Director s at i1s meet mg held on October 30. 2026 TI1e pnmaiy n:porting of the Group has been pe1fonned or; the ba.:;is ofbusine&; segment Based on the "management approach" as defmed 111 lnd AS 108 • Operatmg Segments. the ChlefOpeia!lng D1::c1s1on Makei ('CODM') 1 e ('h1ef fa.:ccut1vc Officer of the lC1mpany. hcmg the lOOM ha..~ evaluated the Group's performance at nn <Wernli level flS one scgmcni which 1s 'l .og1st1cs Scr.~ccs' th,11 mclndcs warchou.,mg. la.;t mile logistics. dcs1gnm1; a11d dcploymg log1s11cs ma11agement systems. logistics and supply cham co11sultmg/adv1ce. 111b0und/procureme11t support and operates m a single busmess seg ment based on the nature of the ser. ·ices. the nsks and returns. the organization ~tructurt! and the 111ternal lina11c1al reportmg systems. Accordmgly. the figures appear111g m these co11sol1dated fina11c1al results relate to the Gro.up's smgle bus111ess segment The Group has s1g11iticant operat1011s based 111 India. henci= there are no 1·epot1abh: geoi;1apl11 cal segments 111 consolidated financial results F.xrcptinn:11 Items includes: \All amounts m lnd1a.t1 Rupec:s m mdl1011,,J Quarter ended Halfye,u- ent.lc<l Particulars Scprernhcr 30, 2026 l'nandite<l .lum~ 30, 2026 l:naudited Scptcrnhe1· 30, 2025 lln,mdited Scpl_emhC'r 30. 2026 September 30, 2025 Lnaudiretl Cnaudited March 31, 2026 a\mlited Fair value loss on investment at fair value through profit or loss Impact of Labou1 Codes• ("iO no, (20:-S.5(11 {258.56) *The Govemment of lndta, with effect from November 2 ! . 2025, notified the Code on Social Secunty. 2020. the Occupational Safety. He alth and \\:orking Cond111ons Code. 2020. the lndustna! Relations Code. 2020. and the Code on Wages 2019 (colli::cnvdy. the "Labow Codes"). with the co11esp1.mt.l1ng 1ult::!o notified oJll May 08. 2026 Tht: Labot11 CC1des 1cplace the existing ce111ral Jabour le£1sla11ons Cenam p1ov1s1011s of the Labtiu1 CoJc::., ijrt:: yet lo be noulied. based 011 th.: Company's assessmenl. the prov1s1ons currently 111 force do not have a materia l impact on the financial results of the Group The Group has assessed the financial 1mplicano11s of these changes which has resulted m increase in gratuity liability arismg. om of past service cost and mcre~e in leave habil1ty by Rs 208.56 million. Considenng the impact ar 1smg out of an enaconent of the new legislation 1s an event of non•recurnng nature. the Group has presented this 111creme11tal amount as "Impact of Labour Codes·· under "Exceptional Items" in the consolidated financial results fo1 the yeai ended r-.tarch j I. 2026 The Group co11tmues to momto1 the devdopmenl.':i pt:1rnmmg 10 Labou1 Codi:s and will evaluate 1mpacL 1rany. on the measwement of11abd1ty pe1ta111111g to employee benefit,;. Similarly, vai ious State Govemments have also 11011fied their mvi1 legislations pertaming to gig and pb1tform work: however, the notilicauon of the rules in respect of s.uch state lcg1slatio11s remain pending. e'<cept for the State of Kamataka, whe re the rules have been notified on :--ovember 19, 2025. The ope1at10nalised state legislations. as of September 30. 2026 (1 e .. ofKarnataka). do·es not have a material impact on the financial resu lts of the G1oup The fma11c1al impact ifan). of the 1emammg p1ovis1011s will be assessed upon 11oritir.:at1(lt1 of the 1dt:vam rules and regulations 4 Duri ng the quarter and half year ended September 30, 2026. 1he (:ompany has granted 1,213.300 and 5.] 50.5~2 stocl.: options under vanous s.tock option plan. as. appro\'ed by Board of D1rec1ors, to the cl1,gible employees of the Company and i~ subs ,diai 1es Further 4.46.245 and 6,86.26 1 stock options were exercised dunng the quaner ai1d half year ended Sep1ember 30. 2026 respecuve!y The Boai·d ofDi1ecto1s of the Company m 11s mcecing held on Februa1y 02. 2024 appioved a Scheme of Amalgam ation between SpMClll Log1st1cs P11vate Limited. Spoton Supply Cham Solt111c1ns Pnvati-: L1m11,;:d and the Company under s1.:cl1,.111 210-2.12 of the \omparne,i:; Act 201) CScheme") The Hon'h!e Nat1on11I f'omp11ny L11w Trihnnal ("\Jf'I .T) approved the Scheme vide Its m9er dated M11 rch 20, 202(, (Order'·) Tn acCC1rdance w11h the Scheme and Order the 1\promtcd Date wa~ Apn l 01. 2025. The Compan) filed the certified true copy of the Order with the Registrar of f'ompan1e~ on May 01, 2026 ("'Effective Date") The Scheme came mtCl effect C1n the Eflecnve Date and was C1perat1ve from the AppC1111ted L>ate. accord111gly the impact of the rnerger has been g1\en in the co11sol1dated financial result~ with effect from April 01. 2025 6 Pursuant to the approval of tl1e Board of Directors 011 Apnl 05, 2025, for the acquis1t1on • of shares of Ecom E,press Limited ("Ecom··). the Company has subsequently completed the acqu1s1t1011 of 99.8 7% of Ernrn's issued and pa1d•up sh.u·e capital on a fully diluted basis for a pmchase consideration ofappro'<1ma tel) Rs. 13.696 36 m1l11011 Consequently . Ecom has become a s.ubsidia1y of the Company with effect from July 18. 2025 rurther. the Company acqwred the,re111a111111g shares c011stttu1111g O 13% of stake. making Ecom a wholl) •Owned subs1d1a1y With effecl from l)ecember ! IJ, 2025 Ecom was an end-to· e11d technology enabled logistics solutio ns provider This acq u1 s1tion aims to enhance Company's scale. thereby s.trengthening its value proposinon to clients The pwcha.:.i.: p11ce allocal1011 tPPA) a11d fau valui:s a1e as follows CAIi amounts m lnd1a11 Rupees in mrll1011s) Pa1·ticulars Purchase cons1dcra11on Add/(LessJ Fair Value of Assets and L1abil1t1es acqrnl'ed Brand Customer Relatro11sh1ps Other Identified assets (net of liab1hhes) Add Deferred Tax Liability on mtang1ble assets 1 ecogmsed m consolidated financial statements Goodwill Ammml 13,696 36 (20S 00) (\,(\.17 00) (2,3•2 03) 315 13 10,417.46 The excess of the purchase Price over the fair \al ue of the acqu1ree net assets was recorded as goodv.~ll. The useful lives of the acqrnred mtangible assets were assu;ned as follows· CuStomer relationship (5 years) and B1and (-1 yea1 s) 7 The unmodified consolidated financial I esults for the quarter and half year ended September JU, 2026, are available on the BSE Lunited website (URL ww\v bse111d1acom). the '\Jational Stock Exchange of l11d1a L1m1ted web~1te ! l!RL w\.v,,.. nsemdia.com) and 011 tin: Company s wt.:b~!le (U RL hups ./iw'wwdelh1very com/compa.11y/imestl1r-it:lallons) Place. Goa Date October 30. 2026 For and on bt>h:ilf of Bn,1nl of Direr tors of l)e\hi ~ m;Jed Sahil B:lrua Managing Director and Ch1efExecut1ve ofricer
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Deloitte Haskins & Sells LLP Chartered Accountants 7th Floor Building 10 TowerB DLF Cyber City Complex DLF City Phase 11 Gurugram-122 002 Haryana, India Tel: +91 124 679 2000 Fax: +91 124 679 2012 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF DELHIVERY LIMITED 1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of DELHIVERY LIMITED ("the Company"), for the quarter and half year ended September 30, 2026 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the LOD_R Regulations") . 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 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 stated in paragraph 3 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 Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be-disclosed, or that it contains -any-material misstatement .-- Place: Gurugram Date: October 30, 2026 For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) Vikas Khurana Partner Membership No. 503760 . UDIN:2.6 5o-3 ~to ES K.C,4 6=14 b-3 Regd. Office : One International Center, Tower 3, 31st floor , Sena pa ti Ba pat Marg, Elphinstone Road (West), Mumbai-400 013, Maharashtra, India . Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identificat ion No: MB-8737
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Year ended September 30, 2026 June 30, 2026 September 30, 2025September 30, 2026September 30, 2025March 31, 2026 Unaudited Unaudited Unaudited (refer note 5) Unaudited Unaudited (refer note 5) Audited I Revenue from operations 28,649.84 27,296.67 23,977.58 55,946.51 45,425.36 98,474.87 II Other income 610.44 1,165.02 967.66 1,775.46 2,296.22 3,546.50 III Total Income (I+II) 29,260.28 28,461.69 24,945.24 57,721.97 47,721.58 102,021.37 IV Expenses Freight, handling and servicing costs 19,890.06 19,442.28 16,654.66 39,332.34 31,559.02 67,985.62 Employee benefits expense 4,226.66 4,129.25 3,748.69 8,355.91 7,158.33 14,957.53 Finance costs 330.99 321.99 346.45 652.98 685.98 1,357.20 Depreciation and amortisation expense 1,905.81 1,812.41 1,602.26 3,718.22 3,099.45 6,677.65 Other expenses 2,240.08 1,973.77 2,023.08 4,213.85 3,532.03 7,612.11 Total Expenses 28,593.60 27,679.70 24,375.14 56,273.30 46,034.81 98,590.11 V Profit before exceptional items and tax (III-IV) 666.68 781.99 570.10 1,448.67 1,686.77 3,431.26 VI Exceptional items (refer note 3) - - - - - (253.61) VII Profit before tax (V+VI) 666.68 781.99 570.10 1,448.67 1,686.77 3,177.65 VIII Tax expense : Current tax - - - - - - Deferred tax charge/(credit) - - (13.85) - (27.55) (76.62) Total tax expense - - (13.85) - (27.55) (76.62) IX Profit for the period/year (VII-VIII) 666.68 781.99 583.95 1,448.67 1,714.32 3,254.27 X Other Comprehensive Income/(Loss) a) Items that will not be reclassified to statement of profit and loss - Re-measurement gains/(losses) on defined benefit plans 22.61 (13.61) 39.62 9.00 38.53 125.25 - Income tax relating to items that will not be reclassified to profit and loss - - - - - - b) Items that will be reclassified to statement of profit and loss - Exchange differences on translation of foreign operations - - - - - - - Income tax relating to items that will be re-classified to profit and loss - - - - - - Total Other Comprehensive Income/(Loss) for the period/year (a+b) 22.61 (13.61) 39.62 9.00 38.53 125.25 XI Total Comprehensive Income for the period/year (IX+X) 689.29 768.38 623.57 1,457.67 1,752.85 3,379.52 XII Paid up equity share capital (face value ₹ 1 per share) 749.29 748.85 747.71 749.29 747.71 748.61 XIII Other Equity 99,857.34 XIV Earning per equity share (₹) * Basic 0.89 1.04 0.78 1.93 2.30 4.36 Diluted 0.87 1.02 0.76 1.89 2.25 4.27 * Earning per share is not annualized for quarter and half year ended. See accompanying notes to the standalone unaudited financial results. S. No. Particulars (All amounts in Indian Rupees in millions, except per equity share data) Quarter ended Half year ended Delhivery Limited CIN: L63090DL2011PLC221234 Regd. Office: N24-N34, S24-S34, Air Cargo Logistics Centre-II, Opposite Gate 6 Cargo Terminal, IGI Airport, New Delhi 110037 IN E-mail: corporateaffairs@delhivery.com; Website: www.delhivery.com Statement of Standalone Unaudited Financial Results for the quarter and the half year ended September 30, 2026
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(All amounts in Indian Rupees in millions) As at September 30, 2026 As at March 31, 2026 Unaudited Audited Assets Non-current Assets Property, plant and equipment 16,887.31 15,909.72 Right-of-use assets 12,983.74 12,638.90 Capital work in progress 111.87 18.20 Goodwill 13,418.85 13,418.85 Other intangible assets 380.14 532.60 Investment in associate 3,019.35 3,019.35 Financial Assets i) Investments 23,354.32 25,328.14 ii) Loans 1,465.82 1,125.82 iii) Other financial assets 1,262.89 7,601.45 Non-current tax assets (net) 2,429.84 3,265.29 Other non-current assets 319.81 177.52 Total Non-current Assets 75,633.94 83,035.84 Current Assets Inventories 541.20 236.38 Financial Assets i) Investments 21,134.46 17,108.07 ii) Trade receivables 12,960.00 12,451.57 iii) Cash and cash equivalents 2,616.43 1,786.22 iv) Other bank balances 4.17 - v) Loans 299.15 315.51 vi) Other financial assets 17,336.68 13,177.61 Other current assets 2,298.05 2,497.65 Total Current Assets 57,190.14 47,573.01 Total Assets 132,824.08 130,608.85 Equity and Liabilities Equity Equity share capital 749.29 748.61 Other equity 101,852.93 99,857.34 Total Equity 102,602.22 100,605.95 Liabilities Non-current Liabilities Financial Liabilities i) Lease liabilities 11,746.20 11,196.32 Provisions 174.09 189.29 Total Non-current Liabilities 11,920.29 11,385.61 Current Liabilities Financial Liabilities i) Borrowings - 25.35 ii) Lease liabilities 2,720.84 2,734.70 iii) Trade payables (a) Total outstanding dues of micro and small enterprises 346.77 113.64 (b) Total outstanding dues of creditors other than micro and small enterprises 11,708.97 10,515.57 iv) Other financial liabilities 1,295.79 3,070.21 Other current liabilities 1,813.96 1,726.81 Provisions 415.24 431.01 Total Current Liabilities 18,301.57 18,617.29 Total Liabilities 30,221.86 30,002.90 Total Equity and Liabilities 132,824.08 130,608.85 See accompanying notes to the standalone unaudited financial results. Delhivery Limited Statement of Standalone Assets and Liabilities Particulars
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(All amounts in Indian Rupees in millions) September 30, 2026 September 30, 2025 Unaudited Unaudited (refer note 5) A) Operating Activities Profit before tax 1,448.67 1,686.77 Adjustments to reconcile profit before tax to net cash flows Depreciation of property, plant and equipment 1,847.74 1,232.57 Amortisation of intangible assets 172.25 259.74 Depreciation of right-of-use assets 1,698.23 1,607.13 Allowances for doubtful debts and provision for lost shipment expenses 1,358.44 987.06 Bad debt written off - 4.13 Allowances for doubtful advances 11.81 (52.99) Share based payment expense (equity settled- ESOP) 503.29 478.33 Interest expense 6.03 21.18 Interest on lease liability 643.97 663.14 Fair value loss/(gain) on investment at fair value through profit or loss (415.40) 957.49 Gain on modification / termination of lease contracts (23.30) (95.47) Interest income (1,126.45) (1,068.72) Interest income on unwinding of discount on security deposits paid (53.59) (48.85) Net gain on sale of current investments (58.46) (1,882.04) Profit on disposal of property, plant and equipment (41.07) (20.07) Operating profit before working capital changes 5,972.16 4,729.40 Movements in working capital : - Inventories (304.82) (139.41) - Trade and other receivables (1,866.87) (1,513.96) - Financial assets (445.79) (445.71) - Other assets 231.10 (722.18) - Trade payables 1,427.56 1,892.01 - Other liabilities (80.54) 27.07 - Provisions (21.97) 56.18 Cash flow generated from operations 4,910.83 3,883.40 Income taxes refund/(paid) (net) 901.59 (488.02) Net cash generated from operating activities (A) 5,812.42 3,395.38 B) Investing Activities (4,751.51) (2,626.41) Proceeds from sale of property, plant & equipment 116.25 59.32 Investment in subsidiaries (95.00) (13,696.36) Loan given (340.00) (5.00) Proceeds from sale of financial assets - Liquid mutual fund units, debt instruments 31,997.17 64,076.73 Payment to acquire financial assets - Liquid mutual fund units, debt instruments (33,448.89) (53,712.30) Proceeds from maturity of bank deposits (having maturity of more than 3 months) 7,498.85 7,796.07 Investments in bank deposits (having maturity of more than 3 months) (4,944.82) (3,751.10) Interest received 1,125.44 1,315.34 Net cash used in investing activities (B) (2,842.51) (543.71) C) Financing Activities 2.28 9.13 Repayment of long term borrowings (25.35) (271.38) Interest paid (6.19) (22.52) Payment of interest portion of lease liabilities (643.97) (663.14) Payment of principal portion of lease liabilities (1,466.47) (1,266.91) Net cash used in financing activities (C) (2,139.70) (2,214.82) Net increase in cash and cash equivalents (A+B+C) 830.21 636.85 Cash and cash equivalents at beginning of the year 1,786.22 2,579.72 Cash and cash equivalents at end of the period 2,616.43 3,216.57 For the purpose of the statement of cash flows, cash and cash equivalents comprise the following : Particulars As at September 30, 2026 As at September 30, 2025 Balances with banks: - On current accounts 2,616.43 3,216.57 2,616.43 3,216.57 See accompanying notes to the standalone unaudited financial results. Particulars For the half year ended Delhivery Limited Statement of Standalone Cash Flow Purchase of property, plant & equipment (including other intangible assets, capital work in progress, capital advances and capital creditors) Proceeds from issuance of equity share capital
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Dclhivery Limite<l Noles to lhe Statement of Standa lone Unaudih:<l Financ ial Results for the quarter and h11lf year ended September 30, 2026 : 1 The standa lone financial results has been prepared 111 accordance with the recog111l1on and measurement pnnciples laid down m the Indian Accounting Standard 34 "lntenm F1nanc1al Reporting" ("lnd AS 34"), ptt::-;cnbed under Sect ion 133 of the Companies Act 2013 read \Vllh relevant rules issued thereunder and other accountmg pnnc1plcs generally accepted 111 India and 111 terms of Regulation 33 of the S[BI !L1s1111g Obl1gat1011s and Disclosure RequnemenL<;) Regulations 201 5. as amended ("the 1.0DR Regulanons") The standalone un:md1ted finnnc1al resnlts a!-. reviewed hy the A11d1t Comm11tee, hnve been npprnved by Rmird of D11 ec1ors al its 1111::et1ng held on October 30, 2026 In accordance with lnd AS 108, Operatmg Se_gments, the Cluef Executtve Officer~ acting as the Chief Operatmg Decision \-faker ('CODM'), evaluates the Company's perfornrnnce 0n an O\'erall basrs under a single busmes:-. segment 11:: Log ,scu.:s Servn:es This sesmenl encompasses w:i1i:hous1ng. la:;t•mile log1:-.t1t.:s. log1::.t1t:s management systems design and deploymenL supply ch:1111 t:onsult111g. and i11bound/prot:ureme11t support Pcd01m,111t:e 1::. mo111tored as a unrfied segment based on the nature of services, nsk and return profiles, orgamzanonal structure, and internal financial reporting Consequently, the standalone financ1:1! results retlcct a single ope1at111g segment Funhermore , as the Company's orerat1011:-an:: pnm::mly based 111 India. there are 110 separate reronable geographical segmenL'- Exceptional Items incl udes: Pa1·1iculars Fall value lo:-.:-. on investment al fau value th1ough protil 01 loss [111pact oflabou1 Codes• Sep t cmbc,- 30. 2026 l lnauditcd Q uarter ended Ju ne 30, 2026 September 30. 2025 l lnauditcd lln;111di1ed (All arnounlS 111 Indian Rupees 111 m1ll1ons) Ha lf year cuded Septcmbe,· 30. 2026 September 30. :!025 lf naud itl'd lhrnuditccl Year em.Jed Marc h 3 1. 2026 Amlill·cl !50 00) CUJ 6 1) (253 .61) *The Govcmmcnl of India, with effect from N0vcmber 21, 2025, notified the Code 011 Social Security , 2020, the Occupatwnal Safety, Health and \\'ork111g Cond1t10ns Code, 2020; the lndustnal Relauons Code, 2020 . and the Code on Wages. 2011.l (collt:c\1vely, Lhe ''Labou1 Codt:s"), w1Lh Lhe conespo11d111g rules noufied 011 May OS, 2026 The Labow Codes replace tht; ex1st111g cet)lntl labour legi.slatrons Ct:tlwn p10\-1:-.1ons uftht: Labm11 Cude:-. ait: vet to be notified ; based on the Companv's assessment, the prov1s1011s currently 1n force do not have a matcnal 11npact on the financial results ofthc Company. The Cornpanv has assessed the ftnane1al implications of these chan~es v,h1ch has resulted 111 111crease m gr:1.turty liability ans111g out of past service cost and increase 111 lea, e l1abd1ty bv Rs 203 61 1111111011 Considering the 1mpacl a11smg out of an enat.:tment of Lht.: new leg1.slat1on 1s an t:Vt:n! of 11011-1 ecurnng naltu e, Lhe Company h:u; p1esented this 111c1 ernemal amount as "Impact or Labou1 Code:-.-, u11de1 "Ex~·cpl1011al ltcms 111 tht: :-.land:ilune financial results for the year ended March 31, ~026 The Company cont111ues to monnor the de\e]op ments perta1111ng to Labour Codes and \\111 evaluate 1111pact. 1f any, on the measmement of liability Perta1n1ng l(l employet: benefi1s S1m1larly. vanous State Governments ha, e also notified their own legislations pertaining to gig and platform work however. the notific11t1on of the rules 111 respect of such state leg1slat1ons remain pending, e-..;cept ri.1r the State of Karnataka. whe1e Lht: tule.s havc.:: bt:1:n notifieJ on Nuvt:mbt:1 14, 20'.:5 The opt:iationalist:d st:ik: leg1slauons a!i or Septembe1 30. 2026 (1 e, of Ka111aL.aka). dDr:s nol ha, •t: .t male11al impact u11 the r111a1K1.1I 1e:-;ulls ur Lin: Co,npany The financial impact, ifan), of the rema1111ng provisions will be assessed upon noufication of the relevant rules and regulations 4 During the quarter and halfyeclf ended September 30, :!026, the Company lrns gr;inted l ,:?11 .. 100 nnd 5,150,542 stock options under vnnous stock option plnn, as appro, •cd b) Aonrd or"D1rcct0rs, to the cl1g1bk cn,plo)CCS: of !he Company and its subs1dia, 1es Fu11her 4-46.245 and G.86,261 stock options were exercised during the quarter and half year ended September 30, 2026 respect ively The Board of Directors of the Company in 1ts meetmg held on February 02, 2024 approved a Scheme of Amalgamation between Spoton Logistics Prwate Limited. Spoton Supply Chau, Solutions Pm•ate L11111ted ,md the Company undt::1 seclHlll 230·232 ufthe Companies Acl 2013 (""Scheme" ) T ht: Hon'ble Nallonal Company L;rn Tribunal (NCLT) app10\ed the St:l1e111e v1de 1ts unle1 dalt:d M..ot.:11 20, 2026 ( .. 01dt:1 ·) ln <1t.:rn1dant.:1: w1Lh tht: Scheme and Order_ the ,-\ppomted Date was April 01. 2025 The Company tiled the cer11tied true copy of the Order with the Reg istrar of Companies on Via) 01, 2026 ('"Eflective Date") The Scheme came 111to eflCct on the Eftet.:t1ve Dale and \.\a.S opt:1 ati~e ti om tht: Appomtt:d Date, .1..:co1 d1ngly the impact of tht: mergt:i has been gn en 1n tht: st:.111dalo11e ti11arn.:1al results with ctli::i:t ti om Apnl O I, 20~5 The t:ompa1 :it1vt: fi1wm:1al 1nfrn mat1011 of the Company for the quarter and half year ended Septembe1 30, :2025 ha,e been restated to comply with Ind AS 1 OJ Pnrsuant lO the apprO\ al of the Board of D1rectors on \pnl 05 :!025, for the :icqrns111011 of share:;; of F.com Express l .im1ted c·Fcom' '). the Company has suhsequently cnmpleted the ncq111s111on r,f 99 X7° o of Fcom ' s 1:-;s11ed and paid-up share capital on a fully diluted basis fo1 a purchase consrderat1on of approximately Rs )3,6Q6 36 million. Consequently. [com has become a subsidiary of the Company \\1th efti:ct from July 18, :2025 fmthei . the Company acquired the rcmammg shares const1lut1n_g O 1.1% of stnkc. nrnkmg Ecom a wh0lly-owned subs1d1my v:11h eff cct from nccember I 0, 2025 7 The unm0d1ticd standnlonc financial results for 1hc quarter :md half)C:11 ended September ,o, 2026, arc available on the BSF l .im1ted wcbs11c (URL www bsc1ndta c0m) . rhe Nnuonnl Stock F-..;clwngc l)f l11d1c1 l .111111cc\ website {URL w-vvw nsemdia.com) and on the Company ' s website (URL https //W\'N' delhi, ery com /co111pany/i11vestor-relatrnns) Place Goa Date October 10, :!026 For an d on behalf of Board of Dire cto rs of Oelh ive1·y ( .imited Sat Mnnaging r:>irect0r :ind ChiefFxecnuve 01licer