Interim report
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January 31, 2026 To, The Manager – Listing Department National Stock Exchange of India Limited 5, Exchange Plaza, Bandra-Kurla Complex, Bandra (East), Mumbai 400051 To, The Manager – Listing Department BSE Limited Floor 25, P. J. Towers, Dalal Street, Mumbai 400 001 Symbol: FINPIPE Scrip Code: 500940 Sub.: Outcome of the Board Meeting held on Saturday, January 31, 2026 Ref.: Regulation 30 & 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Dear Sir / Madam, In terms of the subject referred regulations, the Board of Directors of the Company at its meeting held on Saturday, January 31, 2026, inter-alia, approved and taken on record the following: 1. The Unaudited (Standalone & Consolidated) Financial Results of the Company for the Quarter and Nine months ended December 31, 2025, along with the Limited Review Report issued by M/s. Walker Chandiok & Co LLP , Chartered Accountants, Statutory Auditors of the Company, pursuant to Regulation 33 of SEBI Listing Regulations; In compliance with Regulation 46 of the SEBI Listing Regulations, the said information is also being uploaded on the website of the Company at https://www.finolexpipes.com/ The Board Meeting commenced at 6:15 p.m. (IST) and concluded at 8:46 p.m. (IST) You are requested to take the above on your records. Thanking you, For Finolex Industries Limited Dakshinamurthy Iyer Company Secretary & Head Legal M. No. A13004 Encl.: As above
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Walker Chandiok &.Co LLP Walker Chandiok & Co LLP 16th Floor, Tower Ill, One International Center, S B Marg, Prabhadevi (W), Mumbai - 400013 Maharashtra, India T +91 22 6626 2699 F +91 22 6626 2601 Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Finolex Industries Limited 1. We have reviewed the accompanying statement of standalone unaudited financial results ('the Statement') of Finolex Industries Limited ('the Company') for the quarter ended 31December2025 and the year to date results for the period 1 April 2025 to 31 December 2025, 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 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 Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing 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. 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 the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above and the consideration of the review report of the auditor of Finolex Industries Employees' Welfare Trust (the 'Welfare Trust') as referred to in paragraph 5 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Chartered Accountants Offices in Ahmadabad, Bengaluru, Chandigarh, Chennai, Dehradun, Goa, Gurugram, Hyderabad, Indore, Kechi, Kolkata, Mumbai, New Delhi, Neida and Pune Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its registered office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India
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Walker Chandiok &.Co LLP Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont'd) 5. We did not review the interim financial information of the Welfare Trust included in the Statement, where such interim financial information reflects total revenues of~ Nil and ~ Nil, total net loss after tax of ~5.53 crore and ~0.35 crore, and total comprehensive loss of ~5.53 crore and ~0.35 crore, for the quarter and year to date period ended on 31 December 2025, respectively, as considered in the Statement. Such interim financial information has been reviewed by the other auditor, whose report has been furnished to us by the management, and our conclusion, in so far as it relates to the amounts and disclosures included in respect of the Welfare Trust, is based solely on the review report of such other auditor of the Welfare Trust. Our conclusion on the Statement is not modified in respect of the above matter with respect to our reliance on the work done by and the report of the other auditor. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 Rajni Digitally signed by Rajni Mundra Mundra Date:2026.01.31 21 :02:24 +-05'30' Rajni Mundra Partner Membership No. 058644 UDIN: 26058644CVWSM8986 Place: Mumbai Date: 31 January 2026 Chartered Accountants
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Registered Office I Urse Plan t Finolex Industries Limited Ga! No. 399, Village Urse, Tal.-Maval , Dist. Pune 410 506, Maharashtra , India CIN L40108PN1981PLC024153 Tel Toll Free Fax Email Web +91 2114 2372511237253 1800 200 3466 +91 2114 237252 investors@finolexind .com finolexpipes.com FINOLEX FINOLEX INOUSTRIES LIMITED Registered Office : Gal No. 399, VIiiage Urse, PIPES & FITTINCiS Taluka Mavai, Dist. Pune • 410 506. CIN: L40108PN1981PLC024153 Statement of Unaudited Standalone Financial Results for the quarter and nine months ended December 31, 2025 Sr. no. Particulars I Income Revenue from operations Other income Total Income (I) II Expenses Cost of materia ls consumed Purchases of stock-in-trade Changes in inventorios of finished goods. stock-in-trade and work -in-progress Employee bene fit s expense Finance costs Deprec iation and amortisat ion expl!nse Other expenses Total expenses (II) Ill Profit before exceptional items and ta• (1-11) IV Exceptional item (refer note 4) v Profit before tax (lll+IV) VI Tax expense Current tax Tax pertaining to earlier period(s)/ year{s) Deferred tax charge Total tax expense VII Profit for the period/year (V-VI) VIII Other comprehensive income (OCI) Items that will not be reclassified to profit or loss Re-measurement of defined benefit plans Income-tax effect on above Vlll(I) Re-measurement of defined benefit plans, net of income -tax Fair value changes In equity Instruments through OCI Income-tax effect on above Vlll(il) (Loss)/ gain on equity instruments measured at fair value through OCI, net of Income-ta• Total other comprehensive (loss)/ Income [Vlll(l)+Vlll(ll)) IX Total comprehensive (loss)/ Income for the period/year x Paid-up equity share capital (face value of' 2 each) XI Other equity XII Eamlnp per equity share having nominal value of I!' Z each per share (Not annuallsed, except for Ille year ended March 31, 2025) Buie Diiuted Corporate Office Finolex Industries Limited lndiQube 'The Kode' - 11th Floor S. No. 134, Hissa No. 1/38, ' Saner Pashan Link Road Pune - 411045, ' Maharashtra , India Tel Fax Email Web (All amounts In 'Crore except earnings per share) Quarter ended Nine months ended Year ended December 31, 2025 September 30, 2025 Decomb•r 31, 2024 December 31, 2025 December 31, 2024 March U , 2025 (Unaudited) (Unaudited ) (Unaudited) (Unaudited) (Unaudited) (Audited) 897.66 858 .74 1,001.24 52.49 59.60 48.42 950.15 918 .34 1,049.66 678.01 659.08 734.94 4.93 5.00 5.36 (168.01) (171.85) (81.81) 70.27 52.01 57.00 3.02 4.30 10.01 26.49 27.44 27.31 189.38 184.33 202.32 804.09 760.31 955.13 146.06 158.03 94.53 146.06 158.03 94.53 34.50 37.29 23.85 (0.46) 1.57 1.54 0.18 36.07 38.83 23.57 109.99 119.20 70.96 1.38 (0.17) (0.86) (0.34) 0.04 0.22 1.04 (0.13) (0.64) (150.32) (359 .76) (511.41) 21.49 51.45 73.13 (128.83) (308.31) (438.28) (127.79) (308 .44) (438.92) (17.80) (189.24) (367.96) 123.67 123.67 123.67 1.78 1.93 1.15 1.78 1.93 1.15 .. ~~~~~ '<,4• ,..,... ""'"" c '!j/ "I c I Cl(( '~) 3: ~ ~IUMBAI ~ "l:l * ~ ~ •i\. /~ "1: \. ~ +91 20 27408200 1>,>~ ....... _..,.J~~ ... ~ .Iii lito ACCO~ I ~ ~~ - +91 20 27 489000 care@finolexpipes .com finolexpipes .com -- 2,799 .55 2,970.16 4,141. 97 176.77 186.38 248.25 2,976 .32 3,156.54 4,390 .22 1,966.21 1,894.76 2,621.95 15.48 22.61 28.62 (271 .69) (9.20) 25.49 180.63 171.03 222 .28 12.83 23.46 29.64 80.54 79.82 106.71 562.08 589.13 767.83 2,546.08 2,771 .61 3,802.52 430 .24 384.93 587 .70 416 .99 416 .99 430.24 801.92 1,004 .69 101 .63 173.90 214 .81 (2.55) (0.93) 0.25 5.04 1.35 11.77 104.12 174 .32 226.83 326.12 627.60 777 .86 1.03 (2.37) (0.70) (0.26) 0.60 0.18 0.77 (1.77) (0.52) (363.09) 401.59 (194 .49) 51.92 (72.97) 12.27 (311 .17) 328.62 (182 .22) (310.40) 326.85 (182 .74) 15.72 954.45 595.12 123.67 123.67 123.67 5,854 .69 5.27 10.15 12.58 5.27 10.15 12.58 - =-- -- '. Q. k t\dust,; ' ,.;. ~m., - L ~ Baoer ~t· ~, c: .~I; ! - ~ Ii: ... Link ~ \ __...;;.; 5 * '\ ·- ., ~ . .,,,, --.,, ~ ~ llOIOl1 :Zl15 llO 14111 :2915 ll0'511t :2111 ~-
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Registered Office I Urse Plant Finolex Industries Limited Gat No. 399, Village Urse. Tal.-Maval, Dist. Pune 41 O 506, Maharashtra, India CIN L40108PN1981PLC024153 Notes Tel Toll Free Fax Email Web +91 2114 237251 1237253 1800 200 3466 +91 2114 237252 investors@finolexind.com finolexpipes.com FINOLEX PIPES & FITTINGS 1 The standalone financial results of Finolex Industries Limited ('FIL') for the quarter and nine months ended December 31, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on January 31, 2026 and a limited review of the same has been carried out by the statutory auditor of FIL. 2 These results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard ('Ind AS') 34, 'Interim Financial Reporting' prescribed under section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India and are in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) . 3 Effective November 21, 2025, the Government of India has consolidated multiple existing labour legislations into a unified framework compris ing of four Labour Codes - The Code on Wages, 2019, The Industrial Relations Code, 2020, The Code on Social Security, 2020 and The Occupat ional Safety, Health and Work ing Conditions Code, 2020. On the basis of information and guidance available as on date, FIL has assessed and duly recorded the incremental financial impact of the above amounting to " 19.88 crore in these financial results. 4 Exceptional item for the nine months ended December 31, 2024 and year ended March 31, 2025 pertains to the net gain amounting " 416.99 crore recorded by Fil on completion of transfer of rights on leasehold land admeasuring approximately 25.27 acres situated at Chinchwad, Pune, along with structures . 5 Effective April 01, 2025, FIL has re-aligned its internal reporting structures and consequently, in accordance with Ind AS 108, Operating Segments, based on the manner in which the chief operating decision maker (CODM) reviews its financial information for the purpose of resource allocation and performance assessment, has determined that FIL now operates as a single integrated business focussed on the manufacture and sale of Pipes and Fittings. Accordingly , no separate segment reporting disclosures have been furni shed in these financial results . Place: Pune Date: January 31, 2026 Corporate Office Finolex Industries lim ited lndiQube 'The Kode' - 11th Floor, S. No. 134, Hissa No. 1/38, Baner Pashan Link Road, Pune - 41 1045, Maharashtra, India Tel Fax mail Web +91 20 27408200 +91 20 27489000 care@fln lexplpes.com finolexpipes.com By order of the Board of Directors For Finolex Industries Limited ~ Managing Director DIN: 11219144 II
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Walker Chandiok &.Co LLP Walker Chandiok & Co LLP 16th Floor, Tower Ill, One International Center, S B Marg, Prabhadevi (W), Mumbai - 400013 Maharashtra, India T +91 22 6626 2699 F +91 22 6626 2601 Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI {Listing Obligations and Disclosure Requirements) Regulations, 2015 {as amended) To the Board of Directors of Finolex Industries Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results ('the Statement') of Finolex Industries Limited ('the Holding Company') and its associates (refer Annexure 1 for the list of associates included in the Statement) for the quarter ended 31 December 2025 and the consolidated year to date results for the period 1 April 2025 to 31 December 2025 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) ('Listing Regulations'). 2. This Statement, which is the responsibility of the Holding Company's management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing 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. 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 the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable. Chartered Accountants Offices in Ahmadabad, Bengaluru, Chandigarh, Chennai, Dehradun, Goa, Gurugram, Hyderabad, Indore, Kechi, Kolkata, Mumbai, New Delhi, Neida and Pune Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its registered office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India
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Walker Chandiok &.Co LLP Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont'd) 4. Based on our review conducted and procedures performed as stated in paragraph 3 above and upon consideration of the review reports of the other auditors referred to in paragraph 5 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. The Statement also includes the Holding Company's share of net profit after tax of ~8.13 crore and ~19.09 crore and total comprehensive income of ~8.21 crore and ~19.17 crore for the quarter and nine-month period ended on 31 December 2025 respectively, as considered in the statement, in respect of two associates, whose interim financial results have not been reviewed by us. These interim financial information have been reviewed by other auditors whose review reports have been furnished to us by the management, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these associates is based solely on the review reports of such other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion is not modified in respect of this matter with respect to our reliance on the work done by and the reports of the other auditors. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 Rajni Digitally signed by Rajni Mundra Mundra Date:2026.01.31 21 :03:08 +05'30' Rajni Mundra Partner Membership No. 058644 UDIN: 26058644XMFOKU5925 Place: Mumbai Date: 31 January 2026
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Annexure 1 to the Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) Annexure 1 List of entities included in the Statement Associates: 1) Finolex Plasson Industries Private Limited 2) Pawas Port Limited (This space has been intentionally left blank)
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Registered Office I Urse Plant Finolex Industries Limited Gat No. 399, Village Urse, Tal.-Mav al, Dist. Pune 41 O 506, Maharasht ra, India CIN L40108PN19 81 PLC024153 Tel Toll Free Fax Email Web +912114237251 1237253 1800 200 3466 +9121142 37252 investor s@fino lexind .com finolexpipes.com FINOLEX PIPES & FITTINCS FINOLEK INDUSTRIES LIMITED Registered Office: Gat No. 399, Village Urse, Taluka Mavai, Dist. Pune - 410 506. CIN: l40101PN1981PLC024153 Statement of Unaudited Consolidated Financial Results far the quarter and nine months ended December 31, 2025 (All amounts In 'Crore except e arn ngs per s are Quarter ended Nine months ended Vear ended Sr. No. Particulars December 31, 2025 September 30, 2025 December 31, 2024 December 31, 2025 December 31, 2024 March 31, 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Una.,dited ) (Audited) I Income Revenue from operations 897.66 858.74 1,001 .24 2,799.55 2,970.16 4,141 .97 Other income 52.49 57.75 48 .42 174.92 184 .76 246 .63 Total income (I) 950.15 916 .49 1,049 .66 2,974.47 3,154 .92 4,388.60 II Expenses Cost of mater ials consumed 678 .01 659.08 734.94 1,966 .Zl 1,894 .76 2,621 .95 Purchases of stock-in-trade 4.93 5.00 5.36 15.48 22.61 28.62 Changes in inventories of finished goods, stock-in-trade and (168.01) (171.85) (81.81) (271 .69) (9.20) 25.49 work -in-progress Employee benefits expense 70.27 52 .01 57.00 180.63 171.03 222.28 Finance costs 3.02 4 .30 10.01 12.83 23.46 29.64 Depreciation and amortisation expen se 26.49 27.44 27.31 80.54 79.82 106.71 Other expenses 189.38 184.33 202 .32 562 .08 589. 13 767 .83 Total expenses (II) 804.09 760 .31 955.13 2,546.08 2,771.61 3,802 .52 Ill Profit before exceptional item, share of profit of investment in 146.06 156 .18 94.53 428.39 383 .31 586 .08 associates accounted for using equity method and tax (1-11) IV Exceptional ite m (refer note 4) 416.99 416.99 v Profit before share of profit of investment in associates 146.06 156 .18 94.53 428.39 800 .30 1,00 3.07 accounted for using equity method and tax (lll+IV) VI Share of profit of investment in associates accounted for using 10.91 9.92 17.27 25.64 19.74 40 .17 equity method VII Profit before tax (V+VI) 156.97 166 .10 111.80 454.03 820 .04 1,043 .24 VIII Tax expense Current tax 38.13 40 .21 28.33 109.46 178 .96 225 .91 Tax perta ining to earlier period(s)/ year {s) (0.46) (2.55) (0.69) (0.01) Deferred tax charge/( credit) 2.76 2 .33 (10.09) 9.33 6.32 17.31 Total tax expense 40.89 42.54 17.78 116.24 184.59 243 .21 IX Profit for the period/yea,.. (VU-VIII) 116.08 123.56 94 .02 337 .79 635 .45 800 .03 K Other comprehensive Income (OCI) Items that will not be reclassified to profit or lass Re-measureme nt of defined benefit plans 1.46 (0.17) (0.86) 1.11 (2.37) (0.80) Income-tax effect on above (0.34) 0.04 0.22 (0.26) 0.60 0.18 K(I) Re-measurement of defined benefit plans, net of income-tax 1.12 (0.13) (0.64) 0.85 (1.77) (0.62) Fair value changes in equity instruments through OCI (150 .32) (359 .76) (511.41) (363.09) 401 .59 (194 .49) Income-tax effect on above 21.49 51.45 73.13 51.92 (72.97) 12.27 (Lass)/ gain on equity instruments measured at fair value (128 .83) (308 .31) (438 .28) (311.17) 328 .62 (182 .22) X(ll) through OCI, net of income-tax Total other comprehensive (loss)/ Income• [K(i)+K(ll)) (127 .71) (308 .44 ) (438 .92) (310.32) 326 .85 (182 .84 ) XI Total comprehensive (loss)/ Income for the period/year• (IK+K) (11 .63) (184 .88) (344.90) 27.47 962.30 617 .19 Kii Paid-up equity share capital (face value of" 2 each) 123.67 123 .67 123 .67 123.67 123 .67 123.67 Kiii Other equity S,973.20 KIV Earnings per equity share having nominal value of' 2 each per share(Not annualised, Htept far the year ended March 31, 2025) Basic 1.88 2.00 1.52 5.46 10.28 12.94 Diluted 1.88 2.00 1.52 5.46 10.28 12.94 --- -~ ..... ~ ::;;.:- .. ' .... .__..__ @-·~~,..---~~"~ •Profit for the period/ year, total other comprehen• lve (loH)/ Income and total comprehensive (1011)/ ln co~ IL. "(( . . ~ . L -!t ( ~IUMBAI ~ .~era. c.. Corporate Office I Finolex Industries Limited lnd1Qube The Kade - 11th Floor, S. No. 134, Hissa No. 1/38, Baner Pashan Link Road, Pune - 411045, ~~e period/ v •• ,w f ely •ttrlbut•ble to the owners o * ~ 1- +.... "'"'fl ~~~ ~\ ~~~- l . - - ' \- i Maharashtra, India Tel Fax Email Web +91 20 27408200 +91 20 27489000 care@finolexplpes .com finolexplpes .com ' .# '80 I001 :2'011 *1 H80t :JOU 91() '5001 ~ 2011 Retnqlrt Plant
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Registered Office I Urse Plan t Finolex Industries Limited Gal No. 399, Village Urse, Tal.-Maval, Dist. Pune 410 506, Maharashtr a. India CIN L40108PN1981PLC024153 Notes Tel Toll Free Fax Email Web +91 2114 237251 / 237253 1800 200 3466 +91 2114 237252 investor s@finolexind.com finolexpipes.com FINOLEX PIPES & FITTINCS 1 The consolidated financial results of Finolex Industries Limited ('FIL') and its two associates for the quarter and nine months ended December 31, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on January 31, 2026 and a limited review of the same has been carried out by the statutory auditor of FIL z These results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard ('Ind AS') 34, 'Interim Financial Reporting' prescribed under section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India and are in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). Effective November 21, 2025, the Government of India has consolidated multiple existing labour legislations into a unified framework compris ing of four Labour Codes - The Code on Wages, 2019, The Industrial Relations Code, 2020, The Code on Social Security, 2020 and The Occupational Safety, Health and Working Conditions Code, 2020. On the basis of information and guidance available as on date, FIL has assessed and duly recorded the incremental financial impact of the above amounting to " 19.88 crore in these financial results. 4 Exceptional item for the nine months ended December 31, 2024 and year ended March 31, 2025 pertains to the net gain amounting " 416.99 crore recorded by Fl L on completion of transfer of rights on leasehold land admeasuring approximately 25.27 acres situated at Chinchwad, Pune, along with structures . Effective April 01, 2025, FIL has re-aligned its internal reporting structures and consequently, in accordance with Ind AS 108, Operating Segments, based on the manner in which the chief operating decision maker (CODM) reviews its financial information for the purpose of resource allocation and performance assessment, has determined that FIL now operates as a single integrated business focussed on the manufacture and sale of Pipes and Fittings. Accordingly, no separate segment reporting disclosures have been furnished in these financial results. Place: Pune Date: January 31, 2026 Corporate Office Finolex Industries Limited lndiQube 'The Kade' - 11th Floor S. No. 134, Hissa No. 1/38, ' Baner Pashan Link Road, Pune - 411045 Maharashtra , l~dia Tel Fax Email Web +91 20 27408200 +91 20 27489000 care@finolexpipes .com finolexpipes .com By order of the Board of Directors For Finolex Industries Limited ~ Managing Director DIN: 11219144 ~+~·~· .. -~ (= ) ~ ~ .., to01 :Jttl llO , .. , ;2111 .a ... 1:2011 RMNQlrt-