Interim report
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REF : GAEL\STOCK38\2026\54 Date : 24th October, 2026 BY E-FILING BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001 Scrip Code: 524226 The National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051 Symbol: GAEL Dear Sir / Madam, Subject: - Outcome of Board Meeting held on 24th October, 2026 With reference to above, we hereby inform that, the Board of Directors of the Company (the “ Board”), at its meeting held on today i.e. Saturday, 24th October, 2026, has inter-alia: 1. Considered and Approved Unaudited Standalone and Consolidated Financial Results of the Company for the second quarter and half year ended 30 th September, 2026, pursuant to Regulation 33 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”). 2. Considered and approved other businesses as per agenda circulated. Pursuant to Regulation 33 of Listing Regulations, Unaudited Standalone and Consolidated Financial Results and Limited Review Report thereon for the second quarter and half year ended 30 th September, 2026 are enclosed herewith as Annexure - A. Further, the Presentation on the financial performance of the Company for the second quarter and half year ended 30th September 2026 is also enclosed for the information of the members as Annexure B. The above intimation, the Unaudited Standalone and Consolidated Financial Results and Presentation are also being uploaded on the website of the Company at www.ambujagroup.com. The Board Meeting commenced at 12:10 p.m. (IST) and concluded at 01:20 p.m. (IST). You are requested to take note of the same. Thanking you. Yours faithfully, FOR, GUJARAT AMBUJA EXPORTS LIMITED KALPESH DAVE COMPANY SECRETARY (ACS-32878) Encl.: As above
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Annexure - A KANT/LAL PATEL & Co. CHARTERED ACCOUNTANTS Independent Auditor's Review Report on the Quarterly and Vear to date Unaudited Standalone Financial Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015, as amended. To The Board of Directors of Gujarat Ambuja Exports Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results of Gujarat Ambuja Exports 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 requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the '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, (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 Kegulations. 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 lnstit11te of Chartered Accountants of India. This standard requires that we plan and perform the :~view to obtain moderate assurance as to whether the Statement is free of material misstatement A review of interirn financial information consists of making inquiries, primarily of persons responsible for financial and accou'1ting 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 could become aware of all significant matters that might be identified in an audit Accordingly, we do not express an audit opinion. 4. Bas~d on ou1 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 applicable 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 Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Kantilal Patel & Co., Chartered Accountants ICAI Firm registration number: 104744W Ji~I Partner Membership No.: 153599 Place: Ahmedabad "KPC House", Besides High Court Auditorium Gate, Sola, Ahmedabad -380 060, Gujarat, India. E-mail: services@kpcindia.com I Web: www.kpcindia.com
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GUJARAT AMBUJA EXPORTS LIMITED NURTURING BRANDS I. STANDALONE STATEMENT OF UNAUDITED RESULTS FOR THE QUARTER ANO HALF YEAR ENDED 30TH SEPTEMBER, 2026 Sr. No. 1 2 3 4 s 6 7 8 9 10 11 12 Particular$ 30.09.2026 (UNAUDITED) Income from Operations {a) Revenue from Operations 1,451 .33 (b) Other Income 16.97 Total Income 1,468.30 Expenses (al Cost of materials consumed 929.73 (b) Purchase of stock-in-trade 313.63 (C) Changes in Inventories of finished goods, work·in·progress and stock-In (277.56) trade (d) Employee benefits expense 46.46 (e) Finance Cost 3.19 {f) Depreciation and amortisation e~pense 33.82 (g) Other expenses 241.64 Total Expenses 1,290.91 Profit before Exceptional Items & Tax (1-2) 177.39 Exceptiona l Item • Statutory impact of new Labour Codes -(Refer Note No. 4) Profit before tax (3+4} 177.39 Tax Expense : - Current Tax 45.00 - Deferred Tax 0.40 Total Tax Expense 45.40 Net Profit for the period after tax (S-6) 131.99 Dtner Comprehensive Income /(Loss) (a) Items that will not be reclassified to Profit & loss in subsequent periods (I} Remeasurement of defined benefit plan (0.31) (it) Income tax related to items no (I) above 0.08 {b) Items that will be reclassified to Profit & l oss in subsequent periods (I) Change In fair values of current Investments carried at fair value 0.57 through Other Comprehensive Income {ii) Income tax related to items no (I) above (0.14) Other Comprehensive Income I (loss) (net of tax) 0.20 Total Comprehensive Income for the period (net of tax) (7+8) 132.19 Pald·up Equity Share Capital (Face Value~ l/· per share) 45.87 Other Equity EPS ~ - (Not Annualised) - Basic 2.88 -Diluted 2.88 (See accompanying notes to the Financial Results) -YlJE.Nri;iCATION~BY ~~ i lo 2-t., '%.6 .i"\Nl !LAL PAiIL & CO. Quarter Ended Half Year Ended 30.06.2026 .30.09.2025 30.09.2026 30.09.2025 (UNAUDITED) [UNAUDITED) (UNAUDITED) (UNAUDITED) 1,594.27 1,486.69 3,045.60 2,777.92 39.13 19.18 56.10 49.76 1,633.40 1,505.87 3,101.70 2,827.68 837.43 870.74 1,767.16 1,693.22 254.60 300.59 568.23 481.44 (12.51) (2.18) (290.07) (32.39) 50.30 29.85 96.76 62.44 2.45 9.16 5.64 14.59 33.24 35.04 67.06 70.46 232.45 211.82 474.09 401.02 1,397.96 1,4S5.02 2,688.87 2,690 .78 235.44 SO.SS 412.83 136.90 . - . 235.44 50.85 412.83 136.90 56.SO 11.20 101.50 30.39 2.01 1.57 2.41 3.03 58.51 12.77 103.91 33.42 176.93 38.08 308.92 103.48 (0.31) (0.16) (0.62) (0.31) 0.08 0.04 0.16 0.08 0.59 (1.11) 1.16 (0.54) (0.15) 0.28 (0.29) 0.14 0.21 (0.95) 0.41 (0.63) 177.14 37.13 309.33 102.85 45.87 45.87 45.87 45.87 3.86 0.83 6.73 2.26 3.86 0.83 6.73 2.26 Q 00-91 -79-61556677 B 1nfo@ombujogroup com ® wwwambujog roup.com CIN • L15140GJ1991PLC016151 ( " In Crores ) Year Ended 31.03.2026 [AUDITED) 5,728.60 107.39 5,835.99 3,493.20 755.92 3.74 146.91 27.47 137.46 862.20 5,426.90 409.09 (3.97) 405.12 93.51 6.62 100.13 304.99 (1.24) 0.31 1.12 (0.28) (0.09} 304.90 45.87 3,251.5 2 6.65 6.65
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GUJARAT AMBUJA EXPORTS LIMITED NURTURING BRANDS 11. UNAUDITED STANDALONE STATEMENT OF ASSETS AND LIABILITIES Asat Particu lars 30th September, 2026 A Assets 1 Non-Current Assets (a) Property, Plant and Equipment (b) Capital work-in-progress (c) Right-of-Use Assets (d) Other Intangibl e assets (e) Financial Assets (i) Investments (ii) Loans (iii) Other Financial Assets (f) Non Current Tax Assets (Net) (g) Other Non-current assets Total Non-Current Assets 2 Current Assets (a) Inventori es (b) Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank Balances other than (iii) above (v) Loaris (vi) Other Financial assets (c) Other current assets Assets held for sale Total Current Assets Total Assets B Equity and Uablll.tles 1 Equity (a) Equity share capital (b) Other equity Total Equity 2 Non-current liabilities (a) Financial liabili ties (i) Borrowings (ii) l ease liability (b) Provisions (c) Deferred tax liabilities (Net) (d) Other liabilities Total Non-current liabili ties 3 Current llabllitles (a) Financial liabili ties (i) Borrowing s (ii) lease liability (iii) Trade payables a) total outstanding dues of micro enterprises and small enterpr ises b) total outstanding dues of creditors other than micro enterprises and small enterprises (iv) Other Financial liabilities (b) Other Current liabilities (c) Provisions (d) Liabilities for Current tax (Net ) Total Current Uabllltles Total Equity and Uabllltles Unaudited 1,114.64 406.25 38.92 0.62 540.69 0.31 8.27 3.29 43.60 2,156.59 1,083.64 789.20 358.48 4.63 11.16 0.91 17.63 113.43 2,379.08 4,53 5.67 45.87 3 547.09 3,592.96 35.18 1.09 16.68 89.83 29.66 172.44 432.04 3.59 34.85 149.29 79.56 28.94 5.61 36.39 770.27 4,535 .67 ( " In Crores ) As at· 31st March, 2026 Audited 1,124.75 316.00 41.15 0.68 404.77 0.13 7.84 7.51 39.30 1,942.13 803.61 850.74 436.04 4.60 8.71 0.74 9.37 96.22 2.10 2,212.13 4,154.26 45.87 3,251.52 3,297.39 36.04 2.36 16.60 87.29 27.70 169.99 397.54 4.55 56.11 95.65 82.67 44.37 5.56 0.43 686.88 4,154.26
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GUJARAT AMBUJA EXPORTS LIMITED NURTURING BRANDS Ill. UNAUDITED STANDALONE STATEMENT OF CASH FLOWS FOR THE HALF YEAR ENDED 30TH SEPTEMBER, 2026 Particulars A. Cash Flow from Operating Actlvlt les Profit Before Tax Adlustments for: Depreciation and Amoriization Expenses Unrealised Forelgn exchange fluctuation (Gain) /loss Deferred Income from Govern ment Grants Dividend Income Net (galns)/losses on fair valuation and profit on sale of financials assets measured at FVTPl Profit on Sale of Current Investmen ts Provision/(write back) for Doubtful Debts and Advances Bad Debts Actual W rite Off during the Year(net of recovery} l oss on Discarding of Properly. Plant and Equipment (Gain) on Disposal of Property. Plant and Equipment Interest Income Finance Costs Operating Profit before Working Capital changes Adjustments for: Decrease/(lncrea se) In Other Assets (Current and Non-Current) Decrease/(lnctease) In Other financial Asset (Current and Non -Current) Oecrease/(lncrease) in Trade Receivables Oecrease/(lncrease} fn Inventories (Decrease)/lncrease in Other Current Flnanclal llabllltles (Decrease)/ lnc;:rease in Provision (Current an~d Non-Current) (Decrease)/lncreas e in Ot her Liabilities (Current and Non·Curreni) (Oecrease)/lncrea se in Trade Payable Cash generated from Operations Direct Taxes Paid (net of refunds) Net Cash flow generated from Operating Activities (A) B. Cash flow from Investing ActMtles Pro~eds on sale of Property, Plant and £quipmems (Including asset held for sale) Capit al expenditure on payment towards Property, Plant and Eq1.1ipment including Capjtal Advances and C~pi ta l work- in- progress Purchase of Intangible Assets Proceeds from Sale/Maturity of Non -Current Investmen ts Purchase of Non·Current Investments Investment In Optionally convert ible debent ures of subsidiary Proceeds from Sale/Matu rity of Current Investments Purchase of Current Investments l oans to Employees Fixed deposits (placed) /ma tured (for more than 3 months but less than 12 months) Fixed deposits (placed) I matured (for more than 12 months) Interest received Dividend received N~t eash flow generated from/ (IJsed in) Investing Activ ity (8) C. Cash flow from Financing Activities Payment of principal portion of Lease Obligation finance Cost Paid (Including interest on lease obligation) Proceeds from Non-Current borrowings Repayment of Non·Curren t Borrowing s loans (given 19)/repa id by Subsidiary Proceeds/(Repayment ) of Current Borrowings (Net) Dividend Paid Net Cash flow generat.ed from/ (used In) Financing Activity (C) Net increase I (decreas e) In Cash and Cash Equivalents (A+ B + C) Cash and Cash Equlva lents <it the beginning of the period Cash and Cash Eaulvalents at end of the aerlod Notes: Half Year ended 30th September, 202.~ Un- · · ~j• - ~ 412 .83 67.0£ (0.09) (0.68) (5.64) (6.05) 0.27 (0.12) (37.06) 4.89 435.4 1 (17.50) 0.03 77.75 (280.03) (4.40) (0.49) (15.49) 32.38 227.66 (61.32) 166.34 0.17 (142.88) - 7.31 (20.18) {117.00) 398 .06 (335.36) (0.35) (2.15) (o.40) 28.39 S.64 (1711.75) (2.23) (5.21) - (0.45) 34.09 113.761 12.44 0 .03 4.60 4.63 1. The statement of cash flows has been prepa red under the Indirect method as set out in Indian Accounti ng Standard (Ind AS 7) st at ement of Cash Flows ~-·~~~~~~~~~ .... ~~~~~~~ ~ G;l; r~ r:c '~ IDENTIFICATION BY t tlf l.--l-o 24 \Ji, " t ___ .'~~1'! l~IL/· ~? ·1 ~! 1\~9..:~- ("lnCronts) Half Year ended 30th September, 2025 unaudited 136.90 70.46 1.19 (l.00) (5.27) (4.59) (0.62) 0.06 (0.04) 0 .08 (0.20) (37.66) B.35 172.66 (64.78) (0.60) 60 .27 (28.88) 2.96 1.02 (0.98) 27;65 169;32 (38.27) 131.0S 0 .26 (139.83) (0.08') 8.34 (21.7-9) (110.00) 398 .30 {381.67) (5.39) 0 .28 35.67 1.67 (214.24) (1.72) (13.SS) 26.30 - 48.83 35.06 {11.47) 83.45 0.26 0.99 1.25 bJ 00-91-79-61556677 B info@ambujogroup.com ~ www.ombujagraup.com CIN - L15140GJ1991PLC016151
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GUJARAT AMBUJA EXPORTS LIMITED NURTURING BRANDS IV. Notes: l The above standalone financia l results of the Company have been reviewed by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on 24th October, 2026. 2 The financial results are prepared in accordance with the Indian Accounting Standards ("Ind AS•). as applicable and guidelines issued by the Securities and Exchange Board of India {"SEBI"). The Ind AS are prescribed under section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 (as amended from time to t ime). 3 The Company has published the standalone financial results along with the consolidated financial results. In accordance with Ind AS 108, Operatlng Segments, the Company has disclosed the segment informat ion in the consolidated financial results and therefore , no separate disdosure on segment informat ion is given in the standalone financial results for the half year ended 30th September, 2026. 4 The Government of India, vide notificat ion dated 21st November, 2025, has consolidated 29 existing labour laws into a unified framework comprising four labour codes collectively referr ed to as the 'New Labour Codes'. The Ministry of Labour & Employment has also published draft Central Rules and FAQs to facilitate assessment of the financial impact arising from changes introduced under these regulations . During the Previous year, The Company has recognised an incrementa l liability of ~ 3.97 Crores as exceptional item in relation to the impact of changes in the wage definition under the New labour Codes, based on actuarial valuation and assumptions in accordance with the applicable rules. 5 Previous period figures have been regrouped/rearranged, wherever necessary, to correspond to current period' Place : Ahmedabad Date : 24th October , 2026 r:~·--.-: . i .Y..?-{ iDENTIFICATiON BY Kf t Co 2.4 ~ I 1 1.r~ 1 ILi,1L Pt.TEL & CO. "I' __ .... ___ ... ___..-, .. ·-- - --- bJ 00-91 -79 ·61556677 B 1nfo@ombujogroup.com @ www.ombujogroup .com CIN - L15140GJ 1991PLC016151
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KANT/LAL PATEL & Co. CHARTERED ACCOUNTANTS Independent Auditor's Review Report on the Quarterly and Year to date Unaudited Consolidated Financial Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation s, 2015, as amended. To The Board of Directors of Gujarat Ambuja Exports Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results of Gujarat Ambuja Exports Limited (the 'Holding Company') and its subsidiary (the Holding Company and the subsidiary together referred to as the 'Group') for the quarte r ended September 30, 2026 and year to date from April 01, 2026 to September 30, 2026 (the 'Statement'), attached herewith, being submitt ed by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the 'Listing Regulations'). 2. The 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, (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 1n cornpliance with Regulation 33 of the Listing Regulation s. Our responsibi lity 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 Entiry' 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 whethe r the Statement is free of material misstatement. A review of interim financial information consists of making inquirie s, primari ly 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 Audit ing and consequently does not enable us to obtain assurance that we could 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 interim financial results of one subsidiary company, Maiz Citchem Limited. -- "KPC House", Besides High Court Auditorium Gate, Sola, Ahmedabad - 380 060, Gujarat, India. E-mail : services@kpcindia.com j Web : www.kpcindia.com
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KANT/LAL PATEL & Co. CHARTERED ACCOUNTANTS 5. Based on our review conducted and procedure s performed 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 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 informat ion required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement For Kantilal Patel & Co., Chartered Accountants ICAI Firm registration number : 104744W , Jinal A. Patel Partner Membership No.: 153599 Place: Ahmedabad Date: October 24, 2026 ICAI UDIN: H~lS'5sqq 1 QcR0131;11 "KPC House·. Besides High Court Auditorium Gate. Sola, Ahmedabad - 380 060, Gujarat, India. E-mail : services@kpcindia.com I Web : www.kpcindia.com
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.. - ~- ~. -.. - GUJARAT AMBUJA EXPORTS LIMITED NURTURING BRANDS ... ~ - I. CONSOLIDATED STATEMENT OF UNAUDITED RESULTS FOR lliE QUARTER ANO HAif YEAR ENDED 30TH SEPTEMBER, 2026 Sr. No. 1 2, 3 4 ~ 6 7 8 9 10 11 12 Parttwlars lncom~ from Operations (•) Revenue from Operations (bl Othertncome Total Income Expenses (•) Cost of materials consunle.d {b) Purchase of stock·in4fade (c) Changes in inventorfes of finisF.ed goods, work-in-progress and stock: in-uade {d) Employe.e: be()efits e:cpense (•) Finance Cost (f) Depreciation and amortisation ex_pe.nse (g) Other expenses Total 'Expenses Profit before Exceptional Items & Tax (1-2) Exceptional Item • Statutory impac t of new Labour Codes (Refer NoteNo.4) Proftt before t•x (3+4) Ta>e Expens~: ~ Curr.ent Tax · Deferred Tax Total Tax Expens. Net ·Proflt For the perio d after tu (S-0) Other Comprehensive lni:ome I {loss} (a) Items that will not be reclassified to Profit & Loss in subsequent p~riods (i) Remea$uremef'tt of defined benefit Dian (ii) Income tax related to items no (i) above (b) Items that will be reclassified to Profit & loss in subsequent periods (i) Change in fair values of cur<ant investments carrl~d at fair value through Other Comprehensive rncome (ii) In-come tax related to items· no (i) above Other Comprehensive Income/ (Lo'5) (.net of tox) Total Comprehensiv e Income for t he period (net of tax) (7+8) Paid-up Equity Share Capital (Face Value~ l/· per share) other Equity EPS '! · (Not Annualised) . Sask - Ollutecl (See accompanying notes to thE! Financial Resu l ts~ f · -or; IDENTIFICATION BY ~f 2..- lo 2.lt ~ Qu1rter Ended 30.09 .2026 30.06.2026 (UNAUDITED) [UNAUDITED) l,450.73 1,594 .22 16.97 39.13 1.~7.70 1,633.35 929 .73 837.43 313.63 254.60 (277.56) (12.51) 46.46 50.30 3.21 2.46 33.91 33.32 241.13 232.47 1,290.51 1,398.07 177. 19 23S.28 177.19 235.28 45.00 56.SO 0.40 2.01 45.40 58.51 131.79 176.77 (0.31) (0.31) 0 .08 0.08 0.57 0.59 (0.14) (0.15) 0.20 0.21 131.99 176.98 45.87 45.87 2.87 3.85 2.87 3.85 Half Yur fndad 30.09.2025 30.09.-2026 30.09.202S [UNAUDITED) [UNAUDITED) [UNAUOITfO) 1.486 .69 3.044.95 2,777.92 19.18 56.10 49.54 1.S05.8 7 UOl.OS U27.~ 870.74 1,767.16 1,693.22 30().59 568.23 481.44 (2.18) (290.07) (32.39) 29.85 96.76 62.44 9.14 5.67 14.61 35.10 67.23 70.59 211.84 473.60 401.09 1,455 .08 2,688.58 2,691.00 50.79 412.47 136.46 50.79 412.47 136.46 11.20 101.50 30.39 1.57 2.41 3.03 12.77 103.91 33.42 38.02 308.56 103.04 {0.16) {0.62) (0.31) 0.04 0.16 0.08 {1.11) 1.16 (0.54) 0.28 {0.29) .0.14 (0.95) 0.41 (0.6'.3) 37.07 308.97 102.Al 45.8 7 45.87 45.87 0.83 6.73 2.25 0.8'3 6.7 3 2.25 bJ 00-91-79-61556677 B info@ambujogroup.com ("in Crores I YHrEnded 31.03.2026 [AUDITED) S,728.6-0 107.17 5,835.77 3,493.20 755.92 3.74 146.91 27.51 137.73 862.38 S,427.39 408.38 {3.97) 404.41 93.51 6.62 100.13 304.28 (1.24) 0.31 1.12 {0.28) (0.09) ·304. 19 45.87 3,249.12 6.63 6.63 @ www.ombujogroup .com CIN - l15140GJ1991PLC016151
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GUJARAT AMBUJA EXPORTS LIMITED NURTURING BRANDS II. UNAUDITED CONSOLIDATED STATEMENT OF ASS.ETS AND LIABILITIES Part iculars A Assets 1 Non-Current Assets (a) Property , Plant and Equipment (bl Capital work -in-progress (c) Right-of-Use Assets (d) Other Intangible as.sets (e) Financial Assets (i) Investments (ii) Loans (iii) Other Fi npn.cial Assets (f) Non Current Tax Assets (Net) (g) Other Non-current assets Total Non-Current Assets ' 2 Current Assets (a) Inventories (b) Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank Balances other than (iii) above (v) Loans (vi) Other Financia I assets {c) Current Tax Assets (Net) *(< ~50,000) {d) Other current assets Assets held for sale Total Current Assets Tota l Assets , 8 Equity and liabil ities 1 Equity (a) Equity share capital (b) Other equity Tota l Equity 2 Non-curren t liabilities (a) Finandal lia.bili ties (i) Borrow ings (ii) Lease liability (b) Provisions (c) Deferred tax liabilities (Net) (d) Other liabilities Tota l Non-current llabllltles 3 Current liabilit ies (a) Financial liabilit ies {i) Borrow ings (ii) Lease liability {iii) Trade payables a) total outst13nding dues of micro enterpri .ses and small enterprises b) tota l outstanding dues of creditors other than micro enterprises and small enterprises (iv) Other Financial Liabilities (b) Other Current liab ilities (c) Provisions (d) Liabilities for Current tax {Net) Total Current Liabilities Total Equity and Liabilit ies ~fl lo Asat 30th Se tembe r, 2026 unaudited 1,114.64 633.87 65.30 0.62 228.69 0.31 8.51 3.29 109.37 2,164.60 1,083.64 789.20 357.78 4.78 11.16 0.91 17.63 113.58 2,378.68 4,543.28 45.87 3,544.33 3,590.20 35.18 1.77 16.68 89.83 29.66 173.12 432.04 3.59 34.85 149.30 89.16 2.9.02 5.61 36.39 779.96 4,543.28 I " In Crores ) Asat 31st March, 2026 Audited 1,124.75 442.57 59.29 0.68 209.77 0.13 8.12 7.51 94.17 1,946.99 803.61 850.74 436.04 5.00 8.71 0.74 9.37 *0.00 96.24 2.10 2,212.55 4,159.54 45.87 3,249.12 3,2-94.99 36.04 2.87 16.60 87.29 27.70 170.50 397.54 4.55 56,11 95.66 89.77 44.43 5.56 0.43 694.0S
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GUJARAT AMBUJA EXPORTS LIMITED NURTURING BRANDS Ill. UNAUDITED CONSOLIDAT.ED STAT.EMENT OF CASH FLOWS FOR THE HALF YEAR ENDED 30TH SEPTEMBER, 2026 A. Cash Flow from Operating Activities Profit Before Ta• Adjustments for: Depreciation and Amorti i ation Expenses Unrealised Foreign exchange Fluctuation (Gain) /loss Deferred Income from Government Grants Dividend Income Net (galns)/losses on fair valuation and preifit on ~ale of financ ials assets m!!asure~ at FVTPL Profit on Sale of Current Investments Provision/(wr ite back) for Doubtful Debts and Advances Bad Debts Actual W rite Off during the Year( net of recovery) Loss on Discarding of Property, Plant and Equipment (Gain). on Disposal of Property . Plant and Equipment Interest Income Finance Costs Operating Profit before Working Capital changes Adjustments for: Decrease/(lncrease) in Other Assets (Current and Non·Current) Decrease/(lncrease) in Other Financial Asset (Current and Non-Current) De ~ reas.e/(lncrease) in Trade Receivables Decrease/(lncrease) in Inventories (Decrease}/lncrease in Other Current Financial Liabilities (Decrease}/lncrease in Provision (Current and Non-Current) (Decrease)/lncre~se in Other liabilities (Current and Non -Current) (Decrease)/lncrease in Trade Payable Cash generated from Operatio ns Direct Taxes Paid (net of refunds) Net Cash flow generated from Operating Activities (A) 8. Cash flow from Investing Activities Proceeds on sale of Property, Plant and Equipments (Including asset held for sale) Capital expenditu re on payment towards Property, Plant and Equipment including Capitiil Advances and Capita l wo.rk-in · progress Purcbase of Intangible Assets Proceeds from Sale/Matur ity of-Non-Current Investmen ts Purchase of Non-Current Investments Proceeds from Sale/Matur ity of Current Investments Purchase of Current Investments loans to Employees Fixed deposits (placed) I matured (for more than 3 months but less than 12 months) Fixed deposits (placed) I matured (for more than 12 months) Interest received Dividend received Net eash flow generated from/ (used in) Investing Activity (B) c. Cash flow from Financing Act ivities Payment of principal portion of lease Obligation Finance Cost Paid (Including interest on lease obl igation) Proceeds from Non-Current borrowings Repayment of Non.Current borrowings Proceeds/(Repayment} of Current Borrowings (Net) Dividend Paid. Net Cash flow generated from I (used In) Financing Activity (C} Net increase I (decrease) in Cash and Cash Equivalents (A+ 8 +CJ Cash and cash Equivalents at the beginning of t he period Cash and Cash Equlvalents at end of the oeriod Notes : Half Year ended 30th September, 2026 Unaudited 412.47 67.23 (0.09) (0.68) (5.64) (6.0S) . 0.27 (0.12) (37.06) 4.92 435.25 (37.02) 0.78 77.03 (280.03) (4.19) (0.49) (15.47) ·32.37 208.23 (61.32) 146.91 0.17 (240:66) . 7.31 (20.18) 398.06 (335.3.6) (0.3S) (2.15) (0.40) 28.39 5.64 (159.53) (2.23) (5.2S} . (D.45) 34.09 (13.761 12.40 (0.22) 5.00 4.78 1. The statement of cash flow has been prepared under the indirect method as set out in Indian Accounting Standard (Ind AS 7) statement of Cash Flows r " .) ii'R iOENTIFICATION BY ~pt lo 2~ '%.6 ("In Crores l Half Year ended 30th September, 2025 Unaudited 136.46 70.59 1.19 (1.00) (S.27) (4.59) (0.62) 0.06 (0.04) 0.08 (0.20) (37.44) 13.37 172.59 (70.84) (0.60) 60.27 (28.8_8) 3.11 l.02 (l.10) 27.65 163:22 (38.27) 124.95 0.26 (193.62) (0.08) 8.34 (21.79) 398.30 (381.67) - (5.39) 0.28 34.33 1.67 (159.37) (1.76} (13.55) 26.30 35.06 111.471 34.58 0.16 1.22 1.38 bJ 00-91-79-61556677 B info@arnbuJogroup.com ' - .. ~. ~ Nww.ambujagroup corn CIN - L15140GJ1991PLC016151
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.. -- --- -·-~ GUJARAT AMBUJA EXPORTS LIMITED NURTURING BRANDS IV.Not .. : L 2 3 4 s 6 7 The above Consolidated financial results and segment results of the Gujarat Ambuja Exports Limited (hereinafter referred to as the "Holding Company") have been reviewed by the Audit Committee and approved by the Board of Oirectors of the Holding Company in their respective meetings held ·on 24th October, 2026. The consolidated financial results are prepared in accordance with the Indian Accounting Standards ("Ind AS"), as applicable and guidelines issued by the Securities and Exchange Board of Ind la ("SEl?i). The Ind AS are prescribed under sec.lion 13~ of the companies Act. 20B read with Rule 3 of the Companies (Indian Accounting Standards} Rules, 1015 (as amended from time to time). The consolidated results for the year ended 30th September, 2026 Include financial results of the wholly owned subsidiary Maiz Citchem limited. The Government of India, vide notification dated 21st November, 2025, has consolidated 29 exi.sting labour laws into a unified framework. cornorising four labour codes collectively referred to as the 'New Labour Codes'. Tbe Ministry of labour & Employment has also published draft Central Rules and FAQs to facilitate assessment of the financial impact arising from changes introduced under these regulations. Ou1ing the P1evious year, The Group has recognised an Incremental liability or~ 3.97 Crores as exceptional item in relation to the impact of chan~es in the wage definition under the New Labour Codes, based on actuarial valuation and assumPtions in accordance with the applicable rulei. During the quarter and half year ended 30th September, 2026, the Group refined the methodology used for measuring Segment Results by allocating certain expenses to tho respective opt?rating segments. Accordingly, the comparative figures for previous periods have been restated to align with the·cutrent period presentation. The .standalone financials results of the Holding Company for the quarter and half year ended 30th September, 2026 are avai.lable on the Company's website at www.ambufagroup.com and the Stock Exchanges websites at www.bseindla.com and www.nselndla.com. Kev Standalone financial information is given below : I "I In Crores I Quarter Ended HalfY .. rEnded Year Ended Particular> 30.09.2026 ·30.06 .2026 30.09.2025 30.09.2026 3-0.09.2025 31.03.2026 (UNAUDITED) (UNAUDITED) [UNAUDITtD) [UNAUDITED) [UNAUDITED) (AUDITED) Toti!l 11\come 1,468.30 1,633.40 1,505.87 3,101.70 2,827.68 5,835.99 Profit before tax 177.39 235.44 50.85 412.83 136.90 405.12 NetPtofit 131.99 176.93 38.08 30.8.92 103.48 304.99 Other Comprehensive lncome/(loss) 0.20 0.21 (0.95) 0.41 I0.63) (0.09) Total Comprehensive Income 132.19 177.14 37.13 309:33 102.85 304.90 Previous period figures have been regrouped/rearranged, wherever necessary, to correspond to current period's presentation. 12 1 ·' '· •:o ""OR IDENTIFICATION BY J J<f !.. Co 2/-c I~ t l KANTILAL PATEL & CO. ,/ Q 00-91-79-61556677 G info@ambujogroup com ~ www.ambujogroup.com CIN - L15140GJ1991PLC016151
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~ . -- ~-- --= ===-= GUJARAT AMBUJA EXPORTS LIMITED NURTURING BRANDS V. CONSOLIDATED SEGMENTWISE REVENUE, RESULTS, ASSETS AND LIABILITIES FOR QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 202~ Quarter Ended Half Year Ended Sr. Particulars 30.09.2026 30.06.2026 30.09.2025 30.09 .2026 30.09.2 025 No. (UNAUDITED) [UNAUD ITED) [UNAUDITED) [UNAUDITED) [UNAUDITED) 1 Segment Revenue (Revenue from operat ions from each Segment) (a) Maize Processing Division 1,212 .26 1,084 .75 755.45 2,297.01 1,551.25 (b) Othe r Agro Processing Division 195.85 483.54 713.31 679.39 1,188.91 (cl Spinning Division 40.32 23..72 15.54 64.04 32.78 (d) Renewable Power Division 2.30 2.21 2.39 4.51 4.98 Revenue f rom operations 1,450 .73 1,594.22 1,486.69 3,044.95 2,777.92 2 Segment Results (Refer Note No. 5) (Prof it before Interest & taK from each Segment) (a) Maize Processing Division 168.07 190.41 6.99 358.48 44.27 (b) Other Agro Processing Division 3.41 28.57 46.66 31.98 81.78 (c) Spinning Division 1.13 1.41 (0.49) 2.54 (0.75) (d) Renewable Power Division 1.36 1.20 1.24 2.56 2.80 Tot al 173.97 221.59 54.40 3.95.56 128.10 Less : i Finance eos.ts 3.21 2.46 9.14 5.67 14.61 Less : ii Net unallocable (lncome)/Expenditure (6.43) (16.15) (5.53) (22.58) (22".97) Less: iii Exceptional items (Refer Note No. 4) . . . . Total Profit Before Tax 177.19 235.28 50.79 412.47 136.46 3 $!!gmen t Assets (a) Maize Processing Division 2,875.90 2,778.09 2,288.29 2.875 .90 2288.29 (b) Other Agro Processing Division 559.14 262.06 438.96 559.14 438.96 (c) Spinning Division 30.55 42.96 35.46 .30.ss 35.46 (d) Renewable· Power Division 10.82 10.21 11.90 10.82 11.90 ( e) unallocab le Assets 1,066 .87 975.24 999.78 1,066.87 999.78 Total Segment Assets 4,S43.28 4,068 .S6 3,774.39 4,543.28 3774.39 4 Segment Liabilities (a) Maize Processing Division 295.60 349.40 204.99 295.60 204.99 (b) Ot her Agro Processing Division 72.41 54.35 87.58 72.41 87.5.8 (c) Spinning Division 6.14 6.55 5.10 6.14 5.10 (d) Re n ewabl~ Power Division 0.54 0.52 0.31 0.54 0.31 (e) Unallocable Liabilities 578.39 185.77 383.20 578.39 383.20 Tot al Segment Liabilit ies 953.08 596.59 I 681.18 953.08 681.18 - \)}A EX,o F1 Gujarat Ambuja Exports limited ~'9 0-? ) v '<:t" :...\ I !a. AHMEDABAD ~ ~ "" Place : Ahmedabad \ nishG upta G'.-6,; ~ ~ Date : 24th October, 2026 ~ y hairman & M anaging Director /'JD • o? IN - 00028196 1~ . ~ J FOR IDENTIFICATION BY . {O/ j tf e., Ca. 2..~ /U 1 1\rWlTILAL PATEL & CO. L. ·~~~~~~ bJ 00-91 -79-61556677 l'5Z) info@ambujagroup.com ( " in Crores ) Year Ended ~1.03 . 2026 [AUDITED) 3,565.95 2,089.21 65.11 8.33 S,728.60 249.02 128.82 0.23 3.51 381.58 27.51 (54.31) 3.97 404.41 2626".09 375.72 41.53 9.61 1106,59 4tS9 .S4 250.84 59.03 4.36 0.23 550.09 864.55 @ www.ambujogroup.com CIN - L15140GJ1991PLC016151