Interim report
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gokaldas exports ltd GEL / SEC / 2026-27 / 24 August 11 , 2026 BSE Limited Phiroze Jeejeebhoy Towers 25th Floor , Dalal Street , Mumbai - 400 001 Scrip Code -532630 Dear Sir / Madam , National Stock Exchange of India Limited The Exchange Plaza Bandra - Kurla Complex , Bandra ( E ) , Mumbai - 400 051 Scrip Code : GOKEX Sub : Outcome of the Board Meeting held on August 11 , 2026 Further to our intimation dated August 05 , 2026 , pursuant to Regulation 30 ( read with Part A of Schedule III ) and Regulation 33 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 , we wish to inform that the Board of Directors of Gokaldas Exports Limited ( " the Company " ) at its meeting held today i.e. Tuesday , August 11 , 2026 inter - alia considered and approved the un - audited standalone and consolidated financial results of the Company for the quarter ended June 30 , 2026. A copy of the un - audited financial results along with the Limited Review Report are enclosed herewith . The Meeting commenced at 7.45 P.M and concluded at 8.50 P.M. This is for your information and record . Thanking you , Yours truly , For Gokaldas Exports Limited Gourish Hegde Company Secretary & Compliance Officer Encl : as above 8 90 Regd . Office : No. 208 , 2nd Floor , Matharu Arcade , Plot No. 32 , Subhash Road , Near Garvare , Vile Parle ( E ) Mumbai - 400057 . CIN : L18101MH2004PLC468826 E - Mail : info@gokaldasexports.com Website : www.gokaldasexports.com Corp. Office # 25 , 2nd Cross , 3rd Main , Industrial Suburb , Yeshwanthpur , Bangalore - 560022 . Tel : +91 80 68951000 , Fax : +91 80 68951001 ISO 9001 CERTIFICATION TM Intertek UKAS MANAGEMENT STILMS 014
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s. No. I II III IV V VI VII VIII IX X gokaldas exports ltd E-mai l : gokex@gokaldasexports.com WEBSITE : www .gokaldasexports.com Statement of consolidated unaudited financial results for the quarter ended June 30, 2026 (in Rs. lakhs, except earnings per share) Particulars Quarter ended June 30, 2026 March 31, 2026 June 30, 2025 Unaudited (Refer note 1) Income (a) Revenue from operations 1,15,351.37 1,06,884.70 (b) Other income Income from bank deposits and investment in mutua l funds 617.61 393 .31 Interest income from debentures 1,304.29 1,129.87 Others 743.86 325.62 Total income 1,18,017.13 1,08, 733.50 Expenses (a) Cost of materia ls consumed 60,069.88 49,891.64 (b) Purchases of stock-in-trade 97.12 77.88 (c) Changes in inventories of work-in-progress and finished goods (5,254.50) 2,116.49 (d) Employee benefits expense 37,6 14.30 33,197.27 (e) Finance costs 3,051.33 2,640.09 (f) Depreciation and am01iisation expense 4,580.99 3,863.9 5 (g) Net (gain)/loss on account of foreign exchange transaction and (532.69) (705.95) translation (h) Other expenses 12,107.29 10,656.36 Total expenses 1,11,733.72 1,01,737.73 Profit before tax (I - II) 6,283.41 6,995.77 Tax expenses Current tax 2,375.19 3,496.40 Adjustment of tax relating to earlie r years - - Deferred tax charge/( credit) (521.60) (96.80) Total tax expenses 1,853.59 3,399.60 Net profit for the period / year (Ill-IV) 4,429.82 3,596.17 Other comprehensive income (net of tax) (A) Items that will not be reclassified to profit or loss (i) Re-measurement gain/(loss) on defined benefit plans (net) 94.12 (183.80) (ii) Fair value gain/(loss) on equity instruments designated at - 37.66 FVOCI (B) Items that will be reclassified to profit or loss: (i) Exchange difference on trans lation of foreign operat ions (471.05) (1 ,268.34) (ii) Effect ive portion of gain/(loss) on hedging instruments in a 4,11 7.31 (5,220.74) cash flow hedge (net) Total other comprehensive income for the period/ year (net of 3,740.38 (6,635.22) tax) Total comprehensive income for the period / year (V+VI) 8,170.20 (3,039.05) Paid-up equity share capital (face value Rs 5 each) 3,663.69 3,662.37 Other equity Earnings per equity share (EPS~ (n f)~· d, except for the year ended) O '..s-< (a) Basic (Rs.) !:!ro 3 6.05 4.91 (b) Diluted (Rs.) ~ Banga\ore-22 ;:::;: 5.75 4.64 \0 ~ .~ \ 0 Q Regd. Offic~ No. ., >, ~ Floor, Matharu Arcade, Plot No. 32, Subhash Road, Near Garvare , 'vtle-l'ar-le'fE) Mumbai -400057. CIN : L18101 MH2004PLC468826 E-Mail : info@gokaldasexports.com Website : www.gokaldasexports.com Corp. Office : # 25, 2nd Cross, 3rd Main, Industrial Suburb, Yeshwanthpur, Bangalore-560022 . Tel : +91 80 68951000 , Fax : +91 80 68951001 Unaudited 95,578.61 864.38 887.87 385.66 97,716.52 50,009.04 23.66 (5,793.3 8) 32,150.97 2,249. 06 3,937.50 (68.88) 9,527.90 92,035.87 5,680.65 1,832. 13 - (298.82 ) 1,533.31 4,147.34 87.31 - (60.86) 1,019.05 1,045.50 5,192.84 3,654.89 5.73 5.56 Year ended March 31, 2026 Audited 3,98,763.81 2,381.75 3,940.94 1,409 .35 4,06,495.85 1,97,698.95 323.1 1 (5,556.91) 1,32,898.16 9,515.62 16,689.69 (2,079.88) 39,844.76 3,89,333.50 17,162.35 8,094.55 184.83 (1,130.21) 7,149.17 10,013.18 (230.50) 37.66 (2,566.62) (7,497.35) (10,256.81) (243.63) 3,662.37 2,12,377.56 13.71 13.11
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gokaldas exports ltd Notes to the consolidated unaudited financial results for the quarter ended June 30, 2026 I The figures for quarter ended March 31, 2026 are the balancing figures between the audited figures for the year ended March 31, 2026 and the published unaudited year-to-date figures for nine months ended December 31, 2025. 2 The financial results have been prepared in accordance with Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013, as amended ('the Act") read with relevant rules issued thereunder and other accounting principles generally accepted in India. The Consolidated financial results of Gokaldas Exports Limited ("the Company") and its subsidiaries (cumulatively referred to as "Group") , will be available on the Company's website (www.gokaldasexpo1ts .com) or on the website of NSE (www.nse-india.com) and BSE (www.bseindia.com) . 3 The statement of consolidated unaudited financial results for the quarter ended June 30, 2026 have been reviewed by the Audit Committee in their meeting on August 11, 2026 and approved by the Board of Directors in their meeting held on August 11 , 2026. These consolidated unaudited financial results have been subjected to limited review by statutory auditors of the Company . 4 The Group's operating segments are established in the manner consistent with the products of the Group that are evaluated regularly by the Chief Operating Decision Maker as defined in Ind AS 108 - 'Operating Segments' . The Group is engaged primarily in the business of 'manufacture and sale of apparels' and there are no separate reportable segments as per Ind AS 108. 5 Pursuant to Investment Agreement dated June 19, 2024, the Company has subscribed to Optionally Convertib le Debentures (OCD) (Face value of Rs. 1,000 each, with a cumulative coupon rate of 20.35% per annum compounded annually) for a consideration of Rs. 22,500 lakhs in BRFL Textiles Private Limited (BTPL) in multiple tranches. The Company has also extended the corporate guarantees amounting to Rs. 31,500 lakhs to banks on behalf ofBTPL. Further, the Company, for a total consideration of Rs. 7,199.06 lakhs, acquired 110,089,019 equity shares and 1,57,89,474 compulsori ly convertible preference shares (CCPS), which were subsequently converted into 9,62,24,645 equity shares in accordance with the Amendment Agreement dated June 30, 2025 . As of June 30, 2026, the Company holds 19% equity interest in BTPL. During the previous year, on August 9, 2025, the Board of Directors of the Company has approved the scheme of amalgamation of BRFL Textiles Private Limited with the Company and their respective shareholders under Section 230 to 232 and other applicable provisions of the Companies Act, 2013. During the quarter ended June 30, 2026, the Company received an order from the National Company Law Tribunal, Mumbai Bench ("NCL T"), directing it to convene a meeting of equity shareholders to consider the Scheme for approval , the Scheme was subsequently approved by the members of the Company at their meeting held on July 31 , 2026. As on date of these results, the Company is in process of obtaining the balance requisite approva ls. The Company has assessed and concluded that there is no impact that needs to be recorded in these financial results relating to the aforementioned . Regd. Office : No. 208, 2nd Floor, Matharu Arcade, Plot No. 32, Subhash Road, Near Garvare, Vile Parle (E) Mumbai -400057 . CIN : L 18101 MH2004PLC468826 E-Mail : info@gokaldasexports.com Website : www.gokaldasexports.com Corp. Office : # 25, 2nd Cross, 3rd Main , Industrial Suburb, Yeshwanthpur, Bangalore-560022 . Tel : +91 80 68951000 , Fax: +91 80 68951001
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gokaldas exports ltd 6 During the current quarter, the Company has reclassified Job work charges to Other expenses in this result and consequently the corresponding figures for previous quarter/year figures have been regrouped to conform to the current quarter classification. For and on behalfofthe Board of Directors ofGokaldas Exports Limited CIN:Ll8101 H2004PLC468826 Sivaramakris n Ganapathi Vice Chairman and Managing Director DIN: 07954560 Date: August 11 , 2026 Place: Bengaluru Regd. Office: No. 208, 2nd Floor, Matharu Arcade, Plot No. 32, Subhash Road, Near Garvare , Vile Parle (E) Mumbai -400057 . CIN : L 18101 MH2004PLC4688 26 E·Mail : info@gokaldasexports.com Website : www.gokaldasexports.com Corp. Office : # 25, 2nd Cross, 3rd Main, Industrial Suburb, Yeshwanthpur, Bangalore-560022 . Tel : +918068951000, Fax : +918068951001 ~ .;;.,,.;.,~ ·-· ·-· ~::. .. lntertek I 014
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gokalda xports ltd E-mail : gokex@goka ldasexports.com WEBSITE : www.goka ldasexports.com Statement of standalone unaudited financial results for the quarter ended June 30, 2026 (in Rs. lakhs, except earnings per share) s. Particulars Quarter ended Year ended No. June 30, 2026 March 31, 2026 June 30, 2025 March 31, 2026 Unaudited (Refer note 1) Unaudited I Income (a) Revenue from operat ions (b) Other income Income from bank depos its and investmen t in mutual funds Interest income from debentures Interest income on loans given to subsidiar ies Others Total income II Expenses (a) Cost of materials consumed (b) Changes in inventories of work-in-progress and finished goods (c) Employee benefits expense ( d) Finance costs (e) Depreciation and amortisation expe nse (f) Net (gain)/loss on account of foreign exchange transaction and trans lation (g) Other expenses Total expenses III Profit before tax (I - II) IV Tax expenses Curre nt tax Adjustment of tax relating to ear lier years Deferred tax charge/( credit) Total tax expenses V Net profit for the period/ year (III-IV) VI Other comprehensive income (net of tax) (A) Items that will not be reclassifie d to profit or loss (i) Re-measurement gain/(loss) on defined benefit plans (net) (ii) Fair value gain/(loss) on equ ity instruments designated at FVOCI (B) Items that will be reclassified to profit or loss: (i) Effective portion of gain/(loss) on hedg ing instruments in a cash flow hedge (net) Total other comprehensive income for the period/ year (net of tax) VII Total comprehensive income for the period / year (V+VI) VIII Paid-up equity share capital (face value Rs 5 each) IX Other equ ity X Earnings per equity share (EPS) (not ann .. ,,i; • .,,1 except for the year ended) rli'f...POrt.~ (a) Basic (Rs.) rr,0~(- (b) Diluted (Rs.) t (o,,nn,,,,\ore-22\ 3 . 75,166.1 1 6 16.50 1,304.29 1,133.17 613.16 78,833.23 41,849.58 (6,218.78) 23,825. 19 1,3 15. 13 2,739.43 (246.26) 6,782.60 70,046.89 8,786.34 2,375.19 (452.47) 1,922.72 6,863.62 90.00 3,719.51 3,809.51 10,673.13 3,663.69 9.37 8.91 69,529.62 392. 11 1,129.87 1,155.20 359.30 72,566.10 33,023.33 (561.92) 21,653.66 1,017.03 2,009.50 (856.16) 6,708.9 1 62,994.35 9,571.75 3,532.67 (303.11) 3,229.56 6,342.19 (179.64) 37.66 (4,747.49) (4,889.47) 1,452.72 3,662.37 8.66 8.18 {,~1 Regd. Office: No~ ~ rl oor, Matharu Arcade, Plot No. 32, Subhash Road, Near Garvare , Vile Parle (E) Mumbai-400057. CIN : L 18101 MH2004PLC468826 E-Mail : info@gokaldasexports.com Website : www.gokaldasexports.com Corp. Office : # 25, 2nd Cross, 3rd Main , Industrial Suburb, Yeshwanthpur, Bangalore-560022. Tel : +918068951000 , Fax : +918068951001 63,821.71 863.16 887.87 1,000.09 420.72 66,993.55 34,919.26 (4,278.15) 21,632.57 891.05 2,380.65 48.24 5,307.36 60,900.98 6,092.57 1,596.13 (300.74) 1,295.39 4,797.18 90.00 910.11 1,000.11 5,797.29 3,654.89 6.63 6.44 Audited 2,69,304.96 2,377.08 3,940.94 4,430.67 1,406.18 2,81,459.83 1,31,116.3 1 (94.14) 88,619.30 3,658.88 9,875.29 (1,856.83) 23,442.58 2,54,761.39 26,698.44 7,671.99 175.00 (1,541.38) 6,305.61 20,392.83 (212.30) 37.66 (6,78 1.15) (6,955.79) 13,437.04 3,662.37 2,32,464.46 27.93 26.70
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gokaldas xp rt ltd Notes to the standalone unaudited financial results for the quarter ended June 30, 2026 1 The figures for quarter ended March 31, 2026 are the balancing figures between the audited figures for the year ended March 31, 2026 and the published unaudited year-to-date figures for nine months ended December 31, 2025. 2 The financial results have been prepared in accordance with Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013, as amended ('the Act") read with relevant rules issued thereunder and other accounting principles generally accepted in India. The Standalone financial results of Gokaldas Exports Limited ("the Company"), will be available on the Company's website (www.gokaldasexports.com) or on the website ofNSE (www.nse-india.com) and BSE (www.bseindia.com). 3 The statement of standalone unaudited financial results for the quarter ended June 30, 2026 have been reviewed by the Audit Committee in their meeting on August 11, 2026 and approved by the Board of Directors in their meeting held on August 11, 2026. These standalone unaudited financial results have been subjected to limited review by statutory auditors of the Company . 4 The Company's operating segments are established in the manner consistent with the products of the Company that are evaluated regularly by the Chief Operating Decision Maker as defined in Ind AS 108 - 'Opera ting Segments' . The Company is engaged primarily in the business of 'manufacture and sale of apparels ' and there are no separate reportable segments as per Ind AS 108. 5 Pursuant to Investment Agreement dated June 19, 2024, the Company has subscribed to Optionally Convertible Debentures (OCD) (Face value of Rs. 1,000 each, with a cumulative coupon rate of 20.35% per annum compounded annually) for a consideration of Rs. 22,500 lakhs in BRFL Textiles Private Limited (BTPL) in multiple tranches. The Company has also extended the corporate guarantees amounting to Rs. 31,500 lakhs to banks on behalfofBTPL. Further, the Company, for a total consideration of Rs. 7,199.06 lakhs, acquired 110,089,019 equity shares and 1,57,89,474 compulsorily convertible preference shares (CCPS), which were subsequently converted into 9,62,24,645 equity shares in accordance with the Amendment Agreement dated June 30, 2025 . As of June 30, 2026, the Company holds 19% equity interest in BTPL . During the previous year, on August 9, 2025, the Board of Directors of the Company has approved the scheme of amalgamation of BRFL Textiles Private Limited with the Company and their respective shareholders under Section 230 to 232 and other applicable provisions of the Companies Act, 2013. During the quarter ended June 30, 2026, the Company received an order from the National Company Law Tribunal , Mumbai Bench ("NCLT "), directing it to convene a meeting of equity shareholders to consider the Scheme for approval , the Scheme was subsequently approved by the members of their meeting held on July 31 , 2026. As on date of these results, the Company is in process of obtaining the balance requisite approvals. The Company has assessed and concluded that there is no impact that needs to be recorded in these financial results relating to the aforementioned. Regd. Office: No. 208, 2nd Floor, Matharu Arcade, Plot No. 32, Subhash Road, Near Garvare , Vile Parle (E) Mumbai-400057. CIN : L 18101 MH2004PLC468826 E-Mail : info@gokaldasexports.com Website : www.gokaldasexports.com Corp ; Office : # 25, 2nd Cross, 3rd Main, Industrial Suburb, Yeshwanthpur, Bangalore-560022. Tel : +91 80 68951000, Fax : +91 80 68951001
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gokaldas exports ltd 6 During the current quarter, the Company has reclassified Job work charges to Other expenses in this result and consequent ly the corresponding figures for previous quarter/year figures have been regrouped to conform to the current quarter classification. For and on behalfofth e Board of Directors ofGok aldas Exports Limited CIN:Ll810 MH2004PLC4688 26 Sivaramakn an Ganapathi Vice Chairman and Managing Director DIN: 0795456 0 Date: August 11 , 2026 Place: Bengaluru Regd. Office : No. 208, 2nd Floor, Matharu Arcade, Plot No. 32, Subhash Road, Near Garvare, Vile Parle (E) Mumbai-400057. CIN : L 18101 MH2004PLC468826 E-Mail : info@gokaldasexports.com Website : www.gokaldasexports.com Corp. Office : # 25, 2nd Cross, 3rd Main, Industrial Suburb, Yeshwanthpur, Bangalore-560022 . Tel : +91 80 68951000, Fax : +91 80 68951001
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MSKA & Associates LLP (Formerly known as MS KA & Associates) Chartered Accountants SV Tower, No. 27, Floor 4 80 Feet Road, 6th Block, Koramangala Bengaluru 560095, INDIA Independent Auditor's Review Report on consolidated unaudited financial re sults of Gokaldas Exports Limited for the quarter pursuant to the Regulation 33 of the SEBI (Listing Obligat ions and Disclosure Requirements) Regulations, 2015 , as amended To the Board of Director s of Gokaldas Exports Limited 1. We have reviewed the accompanying Statement of consolidated unaudited fin ancial results of Gokaldas Exports Limited (hereinafter referred to as 'the Holding Company'), its subsidiaries, (the Holding Company and its subsidiaries together referred to as the 'Group') for the quarter ended June 30, 2026 ('the Statement') attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the 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 principl es laid down in Indian Accounting Standard 34 'Int erim Financial Reporting' prescribed under Section 133 of the Companies Act, 2013 ('the Act ' ) read with relevant rules issued thereunder (' Ind AS 34') and other recognised accounting principles generally accepted in India and is in compliance with the 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 Audit or 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 fin ancial and accounting matt ers, and applying analytical and other review procedures. A review is substantia lly less in scope than an audit conducted in accordance with 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 matt ers that might be identifi ed in an audit . Accordingly , we do not express an audit opinion. We also performed procedures in accordance with the circul ar issued by the Securities and Exchange Board of India under Regulation 33 (8) of the Regulations, to the extent applic able. 4. This Statement includes the results of the Holding Company and the following entities: Sr. No Name of the Entitv Relation shio with the Holding Companv 1 . 2. 3. 4. 5. 6. 7. 8. 9. 10. 11 . 12. 13. All Colour Garments Private Limited Subsidiary Company SNS Clothing Private Limited Subsidiary Company Vignesh Apparels Private Limited Subsidiary Company Gokaldasexports Acharpura Private Limit ed Subsidiary Company Sri Susamvuta Knits Private Limited Subsidiarv Company Matrix Desi2n a Industries Private Limited Subsidiarv Company Gokaldas Exports FZCO, Dubai, UAE Subsidiary Company Amibros S.A, UAE Subsidiary of Gokaldas Exports FZCO Atraco Logistics LLC, UAE Subsidiary of Gokaldas Exports FZCO Nava Apparels LLC-FZ Subsidiary Company Ashton Mombasa Apparel EPZ Limit ed, Kenya Subsidiary of Nava Apparels LLC-FZ Ashton Aooarel Manufacturing Limit ed, Ethiopia Subsidiary of Nava Apparels LLC-FZ Gokaldas Exports Corporation , USA Subsidiarv Company Registered Office: 602, Raheja Titanium , Western Express Highway, Goregaon (East), Mumbai -400063, Maharashtra, India Tel: +91 22 6974 0200 I LLPIN: ACT-3789 Ahmedabad I Chandigarh I Chennai I Coimb at ore I Goa I Gurugram I Hyderabad I Kechi I Kolkata I Mumbai I Pune www.mska.in
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MSKA & Associates LLP (Formerly known as M S KA & Associates) Chartered Accountants 5. Based on our review conducted and procedures 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 the recognition and measurement principles laid down in Ind AS 34 and other recognised accounting principles generally accepted in India has not disclosed the inform ation required to be disclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. The Statement includes the financial results of three subsidiaries which are not subject t o review, whose financial results reflect total revenue of Rs. Nil, total net loss after tax of Rs. 3.83 lakhs and total comprehensive loss of Rs. 4.14 lakhs for the quarter ended June 30, 2026, respectiv ely, as considered in the Statement. These financial results 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 is based solely on such management prepared unaudited financial result s. According to the information and explanations given to us by the Management, these financial results are not material to the Group. Our conclusion is not modified in respect of the above matter with respect to our reliance on the financial result certified by the management. For MS KA £t Associates LLP (Formerly known as MS KA £t Associates) Chartered Accountants IC irm Registration No.105047W /W101187 Partner Membership No.: 233552 UDIN: 26233552ILXAFM5932 Place: Bengaluru Date: August 11 , 2026 Registered Office: 602, Raheja Titanium, Western Express Highway, Goregaon {East), Mumbai-400063, Maharashtra, India Tel: +91 22 6974 0200 I LLPIN: ACT-3789 Ahmedabad I Bengaluru I Chandigarh I Chennai I Coimbatore I Goa I Gurugram I Hyderabad I Kochi I Kolkata I Mumbai I Pune www.mska.in
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MSKA & Associates LLP (Formerly known as MS KA & Associates) Chartered Accountants SV Tower, No. 27, Floor 4 80 Feet Road, 6th Block, Koramangala Bengaluru 560095, INDIA Independent Auditor's Review Report on standalone unaudited financial results of Gokaldas Exports Limited for the quarter pursuant to the Regulation 33 of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To the Board of Directors of Gokaldas Exports Limited 1. We have reviewed the accompanying statement of standalone unaudited financial results of Gokaldas Exports Limited (hereinafter referred to as 'the Company') for the quarter ended June 30, 2026 ('the Statement') attached herewith , being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Regulations') . 2. This Statement , which is the responsibility of the Company's Management and has been 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', prescribed under Section 133 of the Companies Act, 2013 ('the Act') read with relevant rules issued thereunder ('Ind AS 34') and other recognised accounting principles generally accepted in India and is in compliance with the 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 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 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 Ind AS 34 and other recognised accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement . For MS KA & Associates LLP (Formerly known as MS KA & Associates) Chartered Accountants IC I tion No.105047W /W101187 Partner Membership No.: 233552 UDIN: 26233552HSRKVK6278 Place: Bengaluru Date: August 11, 2026 Registered Office: 602, Raheja Tit anium , Western Express Highway, Goregaon (East), Mumbai-400063 , Maharashtra , India Tel: +91 22 6974 0200 I LLPIN: ACT-3789 Ahmedabad I Chandigarh I Chennai I Coimbatore I Goa I Gurugram I Hyderabad I Kechi I Kolkata I Mumbai I Pune www.mska.in