Interim report
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Ref No: CACS/Sectt./efile 4571 Date: October 19, 2026 नेशनल स्टॉक एक्सचेंज ऑफ इंडिया डलडिटेि, एक्सचेंज प्लाजा, सी/1,जी ब्लॉक, बांद्रा कु लाा कॉम्पप्लेक्स, बांद्रा (ई),िुंबई -400051 National Stock Exchange of India Limited, Exchange Plaza, C/1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai – 400001 बीएसई डलडिटेि, पहली िंडजल, डफरोज जीजीभॉय टावसा, दलाल स्रीट, काला घोडा, फोटा, िुंबई - 400001 BSE Limited 1st Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Kala Ghoda, Fort, Mumbai – 400051 Symbol- IREDA Scrip Code- 544026 ISIN: INE202E01016 Subject: Outcome of the Board Meeting held on October 19, 2026. _____________________________________________________________________________________________ Dear Sir/Madam, In compliance with the provision of Regulation 30, 33, 51 and 52 read with Schedule III of SEBI (LODR) Regulations, 2015 and any other applicable regulation, as amended, this is to inform you that the Board of Directors of Indian Renewable Energy Developme nt Agency Limited in its meeting held Today, October 19, 2026 , inter-alia, approved the audited financial results (Standalone and Consolidated) and audited financial statements (Standalone and Consolidated) of the Company for the quarter & half year ended September 30 ,2026. In this regard, a copy of the Standalone and Consolidated Financial Results along with the Statutory Auditor’s Report are enclosed herewith. The Board Meeting commenced at 03:45 PM and concluded at 06:40 PM You are requested to please take the same on record Thanking You, For Indian Renewable Energy Development Agency Limited Ekta Madan Company Secretary
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Shiv & Associates, Chartered Accountants 103 & 105, Ajanta Market , Plot No. I, Vardhaman Indraprastha Plaza, LP. Extension , Patparganj , Delhi- 110092 MAPSS and Company, Chartered Accountants C-40, 2nd Floor, Ten Tower, Sector 15, Vasundhara, Ghaziabad, Uttar Pradesh- 201012 Independent Auditors' Report on Standalone Interim Financial Results of Indian Renewable Energy Development Agency Limited for the quarter and half year ended 30th September 2026 pursuant to the Regulation 33 and Regulation 52 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (as amended). To The Board of Directors Indian Renewable Energy Development Agency Limited Report on the Audit of the Standalone Interim Financial Results Opinion We have audited the accompanying standalone interim financial results of Indian Renewable Energy Development Agency Limited ("the Company") , for the quarter and half year ended 30th September, 2026, ("the Statement"), being submitted by the Company pursuant to the requirements of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). In our opinion and to the best of our information and according to the explanations given to us, the standalone financial results: 1. are presented in accordance with the requirements of Regulation 33 and 52 of the Listing Regulations in this regard ; and 11. gives a true and fair view, in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards, RBI guidelines and other accounting principle s generally accepted in India, of the net profit and other comprehensive income and other financial information for the quarter and half year ended 30'h September 2026. Basis for Opinion We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013, as amended ("the Act") issued by the Institute of Chartered Accountants of India (ICAI). Our responsibilities under those Standards are further described in the 'Auditor's Responsibilities for the Audit of the Standalone Financial Results' section of our report. We are independent of the Company , in accordance with the Code of Ethics issued by the Institute of Chartered Accountants oflndia together with the ethical requirements that are relevant to our audit of the standalone financial result under the provisions of the Act, and the Rules thereunder , and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us, is sufficient and appropriate to provide a basis for our opinion on the standalone financial results.
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Emphasis of Matter We draw attention to the following matters in the Standalone Financial Results: 1. Note No. I to the Standalone Financial Results regarding the constitution of the audit committee and adoption of Standalone Financial Results. Our opinion on Standalone Interim Financial Results is not modified in respect of the above matter. Board of Directors' Responsibility for the Standalone Interim Financial Results These standalone interim financial results for the quarter and half year ended 30111 September 2026 have been prepared on the basis of the standalone interim financial statements. The Company 's Board of Directors' is responsible for the preparation and presentation of these Standalone Financial Results that give a true and fair view of the net profit and comprehensive income of the company and other financial information in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standard prescribed under section 133 of the Act, read with the relevant rules issued thereunder , circulars guidelines and directions issued by the Reserve Bank of India ('RBI') from time to time ('RBI Guidelines') and other accounting principles generally accepted in India and in compliance with Regulations 33 and 52 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error. In preparing the Standalone Interim Financial Results for the aforesaid period, the Board of Directors' is responsible for assessing the Company 's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. The Board of Directors is also responsible for overseeing the financial reporting process of the Company. Auditor's Responsibilities for the Audit of the Standalone Interim Financial Results Our objectives are to obtain reasonable assurance about whether the results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the standalone interim financial results, whether due to fraud or error, design and perfonn audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the overrid · mal control. ~~~ Oc4 !NE~ LH~ q, 'l( ~ 't.: ~
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• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors. • Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the standalone financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern. • Evaluate the overall presentation , structure and content of the standalone financial results, including the disclosures, and whether the standalone financial results represent the underlying transactions and events in a manner that achieves fair presentation. Materiality is the magnitude of misstatements in the standalone financial results that individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the standalone financial results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work and (ii) to evaluate the effect of any identified misstatements in the standalone financial results. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. Other Matters 1. The audit of Standalone Interim Financial Results for the quarter and half year ended September 30, 2025, was conducted by Mis Shiv & Associates, Chartered Accountants, and M/s Rao & Emmar, Chartered Accountants. They expressed unmodified opinion on those Standalone Financial Results vide their audit report dated October 14, 2025. ii. As per past practice, in respect ofloan assets, the Company has provided expected credit loss (ECL) as required under Ind AS 109 based on the ECL report submitted by an independent agency appointed by the Company, which inter alia includes assumptions based on technical parameters I certain aspects. The use of such report does not diminish management's responsibility for ECL estimation nor our responsibility to evaluate the assumptions, methodology and data used. 111.
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Hon'ble High Courts. The relevant disclosures have been made accordingly. However, as a matter of prudence, interest income on such accounts becoming NPA in tenns of prudential norms of the Reserve Bank oflndia (RBI) has been recognized on collection basis and allowance for impairment loss has been made in the accounts accordingly. Our opinion on the statement is not modified in respect of these matters. CA Mani Partner Membership No. 095518 UDIN: 1.L~vct~~1Q \.(!_ PF{()Pf.34~ Place: New Delhi Date: 19-10-2026 Partner Membership No. 079140 UDIN: 2.b"°f91\.\DTE~NOF92Y5 4
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Indian Renewable Energy Developme nt Agency Limited ( IREDA) (A Govcmnicnt of hldia Enterprise) ('JN: L651OOOLI987GOI027265 Regd Office . India flabirat Centre , East Court , Core-4A, 1st Floo r. Lodhi Road , New Delhi - I 10003 Statement of Standalone Audited Financial Results for the Quarter and Ila If Year ended 30.09.2026 Quarter ended S.No. Particu!Qrs 30.09.2026 30.06.2026 30.09.2025 (Audited ) (Audited ) (Aud ired) I Revenue From Operations 1) Interest Income 2,316.97 2,197 80 2.030. 10 i1) Fees and Commiss10n Income J 1.39 37 10 12. 12 iii) Net Aam/(loss) on Fau· Value C'hani1cs 6.76 IW 7.58 IV ) Othe r Operating Income 8.59 11 80 7.08 Total Revmue From Oneratio n s (I) 2,343.70 2,248.J9 2.056.88 II Othe r Income ! OS I 15 0.57 Ill Total Income (1+11) 2,J44. 7S 2.249 .54 2,0S7AS IV E1mcnse s - i) Finance Cost 1.376.48 l.3 1I 0 1 1.2I296 ii) Net Translatiorv Transae 1ion Exchange Loss/(Gain) 7.39 5.7 I 1171 iii) Jmpaim1cnl on Flnru1cial Jnstniments 186 81 418.54 6'192 IV} Emoloycc Benefits Exoenses 29R'l 32.56 25 'IS v) Dcorcciation, Amortization and Jmoaim1cnt 10 27 9.9~ 10 n \'I) Others Expenses 17 2'1 18.67 20 26 vii' Corporate Social Responsibi lity Expense 100< )0.3 7 SIS Total l\x11cnses (IV) l.6J8 . IX l,8J6.82 1.361.38 v Profit/I Loss) Before Exccntional ltcms and Tex 1111-IV 706 57 4 12.72 6'>6 07 VI Execut ional Items - - - VII Profit /(Lo••\ lkforo Tn CV-VI) 706. ~7 412.72 696.07 Vlll Tax Expense - (iJ Current Tnx 18169 187.80 140 89 - Current year 181611 187.80 140 89 - Ear her years . . 1 ii) Deferre d Tax (J23 8i (I 12 <SJ 6.18 IX Profi t/( Loss) from Continuing Operations (VIJ-Vlll ) 55 1 26 Jn<o 549.00 Profit /(l.oss) from Discon tinued Oper atio ns . - . x Profit/( Loss) for the period 554.26 JJ7 .50 S49.00 XI Other Co mp rehensive Inc ome (A) (i) Jterns that will not be reclass ified 10 Profit or Loss • Rcmea suremonts oftl1e Defined Benefi t Plans:· (612) (6.05 ) (4 17) (ii) Income Tax relating to items that will not be reclassifie d to Poufit I S'I 1.52 I OS or L(1ss Subtotal (A) (4.7J) (4.SJ) (l.121 (8) ICi) !toms that will be rcclarnficd to f'rolir ur Loss.- -Effcc ti1·c po1tion of gam (loss) on hodg111g instrument in C'a<l1 1'1<11' ()6 2 86} (7392) 9104 I led ge Reserve (i1) Income tax relatmg to irems tl1ot will be reclassified to Profit or 40.99 18 60 122 92) Loss Subtotal (B) (121.8 7) (SS.32) 68. 12 Other C omprehensive Income (A+B) (126.60) (59.85 ) 65.llO XII Total Comprehens ive Income for the periad (X+XI ) (C' o m1>r i> in~ 42 7.6S 2 77.6~ 614.00 Profit (Loss) and Other Comprehcnoive Income) xv Basic & Diluted Earnings per equity share of t 10 each (in~) A For Continuing Operations 1.97 I 20 1.97 B For Discont inued Operations . - c For C'ontinujnJt and Discontinued On<!r&tions 1.97 I 20 1.97 Note: () ) Refer accompanying notes to tl1c Jinoncml results (2) Enmin g per share (EPS) for quarter is not arumal ised . lNEll(;f IOR EVER ~~ ~IREDA OllCf fflfOA Alll'Al'S IREl1A ( ~ in Crorcs ) H•lf Year Endtd Year Ended J<l.09.2026 30.09.2025 31.03.2026 (Audited ) (Au dited) (Audited ) 4,514 77 3.938.89 8.179 20 18 79 27.4 6 ~K 68 K 14 17.07 11 21 20 39 20.75 399 I 4 .~92 . 09 -4.004.17 H . .J09.0 0 220 12.8 1 28 4K 4,594.29 4,0I6.9 8 8,337.48 2.7 17.52 2.HJ 23 ~ .904.66 13 10 29 98 43.41 605.35 132 n 777.08 62.46 17 11 105 .24 20.20 20 37 438 1 35.95 ,8 74 92.86 20.43 16 \() 33.50 J ,475.0 1 J,016.2X 6,000.56 I.I )9.2 8 1,000 70 2.336 '>2 - - - l. Jl9.28 1.000.70 2.JJ6 .92 372 .49 2< 1 24 565 12 372 t9 251 22 •so 1< - 0.02 115 13) (11196) (49 22) I IOI S ~J 891 75 795.6 8 1.871 '4 - - . S9 1.7S 795.68 l.87J.J 4 (12 37} (4 08) (4 I 51 ) 3 I I I OJ IMS (9.26) (J.0 5) (J l.06) (7'11 7RJ I I S 91 202 03 59.59 (2') 18) (50 .85) (17 7.19) 86.75 151.1 8 (18 6.45) 83.70 110. 12 705.JO 879.38 l,9 ')J .46 3 17 2.88 6 73 . . .117 2.88 6 73 (3) Tilc figures for the quarter end ed 30.09 .2026 ha\·e been derive d by deductin g the figure s of the quarter ende d 30.06.2026 from the figure s of half year ended J 0.09.2026 .
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Indian Renewable Energy Development Agency Limited CIN: L65 l OODL l 987GOI027265 Standalone Statement of Assets and Liabilities S.No. Particulars I ASSETS A Financi al Assets (a) Cash and Cash Equivalents (b) Bank Balance other than (a) above (c) Derivalive Financial Jnslrumcnls (d) Receivables (I) Trade Receivables (e) Loans (I) lnvcstmcnls (gl Other Financial Assets Total- .Financiiil Assets (A) B Non-financial Assets (a) Current Tax Assets (Net) (b) Deferred Tax Assets (Net) (c) Investment Property (d) Property , Plant and Equipmen t (PPE) (e) Capital Work-In- Progress (f) Right of use Assets (g) Intangible Assets under development (h) Intangible Assets (i) 01her Non-Financ ial Assets Total-Non-Financial Assets (B) Total Assets (A+B) II LIABILITIES AND EQUITY LIABILITIES A Fioa ocial Liiibilities (a) Derivative Financial lnstrumcnls ( b) Payables (I) Trade Payables (i) Total outstanding dues of Micro Enterprises and Small Enterprises (ii) Total outstanding dues of creditor s other than Micro Enterprises and Small Enterprise s ( c) Debt Securities (d) Borrowings (Other than Debt Securit ies) (e) Subordinated Liabilities (f) Other Fina ncial Liabilities Total-Finan cial Liabilities (A) B '.'ion-Financial Liabilities (a) Provisions (b) Other Non-Financial Liabilities Total-:S on-Financfal Liabilities {Bl c Equity (a) Equity Share Capital (b) Other Equity Total-Equity (C) Total-Liabilitie s and Equity(A +B+C) As at 30.09.2026 120.43 875.44 796.08 2.60 93,961.30 1,001.5 8 33.79 96,791.22 158.12 624.38 0.02 166.64 - 135.33 - 3.53 106.52 1,194.54 97,985.76 100.86 0.57 1.53 29,922.03 47,702.86 3,257.48 2,303 .12 83,288.45 l 9 l.75 168.16 359.9 1 2.809.23 11.528.17 14,337.40 97,985.76 ENERGY FOR EVER ~~ ~ IR EDA OWCE /REDA ALWAYS IREDA 1,/ ·.\·°;:r1•r11t11a ( 1'.l"fJ (t in Cl'ore s) As at 30.09.2025 170.54 515.06 739.48 5.22 82,012.15 780.23 22.80 84,245.48 196.79 4 14.55 0.02 190.52 - 140.23 - 4.72 65.90 1,012.73 85,258.21 26.67 0.21 4.70 28.941.56 37.740.64 3,257.18 1,999.66 71,970.62 169.89 197.52 367.41 2.809.23 10,J 10.95 12,920.18 85,258.21
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Indian Ren~a bl e Energy Development Agency Limited CIN: L65100DLl 987G0l027265 Sta ndalone Sta tement of Cosh Flows for the period ended Sept JO, 2026 S.No. Particu lars A Cash Flow from Qperari nc Activ ities: Profit Before Tax Adjustment for : l Loss I (Gain) on dcrccognitiun of Property, Plant and Equipment (Net) 2 Impairment on Financial Instruments 3 Depreciation and Amortization 4 Am011i1.a1ion adjus1mcnt due 10 WB Grant 5 lnte~ s t on Lease Liability 6 Net Translation/ Transaction Exchru1gc Loss . (Gain) 7 Amounts Wriuen Off Bad debts 8 Provisions for Employee Benefits 9 Effective Interest Rate on Debt Sccunllcs 10 Effective Interest Rate oo Subordinated Liabilities JI Effective Interest Rate on Loans 12 Effective Interest Rate on Loan tu Employees 1J Provision for Indirect Tax {Including on Guaramce Conumssion) & Others 14 :"Jct Loss (Gain) Oil Fair Value Changes Operati n ~ Profit bofore chan~•• in Op<>rating As .. ts and Liab ilities !ncrcosc 1 Decrease in Operating Assets ' J.1ab11ittes 1 Loan Assets 2 Derivative Financ1nl Instruments 3 Other financial Assets 4 Other Non-Financ1a! Assets s Trade Rcceivoblcs 6 Other :-;on-Financio! Liabilities 7 Othe1· Financial Lrnbilities 8 Lease Liability 9 Trade Payable 10 Bank Balances other than Cash and C'Mh Equivalent Cash Flow fro m 0 11erations Before Exceptio nal Items [:.xccptiona! Item Nct ('as h Inflow/( O utflow) froin O pcrutions Odo re T•x Income Tax N ct Cash Flnw from Opera ting Activities B Cash J"Jow From lnvtsrint Ac:tivitirs 1 Purchase of Property. Plant & Equipment (including RO!; ) 2 Purchase of lntancible Assets 3 Sale of Propeny, Plant & Equipment (including RO\') 4 Investment tn Gove1nrnent Securities (!\ ct) & Subsidiary Net CAsh Flow from Investing Activities c Cash flow from }"inancing Activ irits l Proceeds from Issue of Equity Shares 2 Proceeds from Securities Premium 3 Share lsouc Expenses 4 Issue of Debt Seuritics (:-let of redemptions) 5 Raising of Subordinated Liabilities including PDI (Net of redemptions) 6 Raisms of Loons other than Debt Securities (Net of repayments) 7 Payment for Lease Liability a Payment of Dividend Net Cash flow from Financinz Activities ~ct Increase/D ecr ease in Cnsh and Cash Equh:alcnts: Cash and C'ash Equivalents at the Beginning C•sh ond C'ash Equiva!cnt.s at the End Components of Cash and Cash Equivale nts as_, end of the period arc: Jn Current Accounts with Banks in Indian Branch In Current Account.I with Banks in Forei1Jn 8rnnch Short term Deposits m Foreign Stanch es In Overdraft Accounts with Banks In Deposit Accounts witl1 Banks In Sanng Bank Accounts with Banks Cheoues Vndcr Collection/DD In hand and Posra ~c imprest To tal Cash and Cash Equivalent,.. at end of th e period Company Ovcrvie\v and Materiaf Accounting Policies Information The accomapnyCng notes I to 38 fuem a.n in1cgc1I pan <tf the St01ndalonc Fina ncial Statements Period ended 30.09.2026 1,119.28 041 605.35 20.20 0 19 0.22 13.10 0.31 2. ll 0.44 0.15 (Ii 23) 0.16 H'.\ 8 14 1,761.95 (4,359.45) 246.73 (58.27) (64.33) 0.55 (19.72) 293.89 - (2 II ) ( 172.92) (4,135.93) (2,374.00) . (2,374.00) (35823) (2,732.22) (6.o4) - 0.00 (71 84) (77.88) 0.00 . . 1,500 00 0.00 1,584.50 (0.16) (168.45) 2,915.89 IOS.79 14.64 1204 3 4.76 0.00 94.16 0.57 20.94 0.00 120.43 I The ;ibO\'C statcnlcnt or cash flows has been prcpJred under the indirect mc:thod as sci out in Jnd AS 7 'SIJtc nicnt of Ca.sh Floivs' _ ...... (fin Crores) Perio d ended J0.09.2025 1,000.70 0.60 432.53 20.37 0. 19 0.16 29.98 0.50 1.66 (027) (039 ) 16.46 . 12.33 17.07 1,531.89 (8,204 .45) . (277 77) (3982) 0.71 10.73 752.84 (0.39) (4.21) (159.65) (7,922.01) (6,390.12) . (6,390.12) (260.40) (6,650.52) (8.B) . 0.29 (14147) (149.l t ) 121 17 1,884.43 (14.87) 495.60 453.00 4,001.04 (0.14) - 6,940.Sl 140.70 29.84 170.54 14 .59 0.00 . 145.16 . 10.79 0.00 170.54 There arc no repotrio11on rc.irictions v.itb respect to Cash end Cash F.qui'dlcnts and Bank balances•• nt the end of the reporting )l<riod presented above Previous period fig ures have been rearranged and regrouped wherever necessary
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Notes to the Standalone Audited Financial Results for the quarter and half vear ended 30.09.2026: - 1. These financial results have been reviewed and recommended by the Audit Committee (consisting of one Independent Director and two Non-Executive Directors, pending appointment of requisite number of Independent Directors by Govt. of India) and subsequently approved by the Board of Directors of the Company, at their respective meetings held on 19.10.2026 and have been audited by the Joint Statutory Auditors of the Company . 2. These Financial Results have been prepared in accordance with the recognition and measurement principles laid down in applicable accounting standard specified under section 133 of the Act. read with the relevant rules issued thereunder, directions issued by RBI from time to time and other accounting principles generally accepted in India and in compliance with the requirements of Regulation 33, 52 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015 (as amended). 3. Impairment allowance on loan assets is provided as per the board approved EGL methodology and calculations done by an independent agency along with management outlays wherever necessary. Cumulative impairment allowance (including standard loans and non-fund-based facilities) stands at ~ 3,293.28 • Crore as at 30.09.2026 (as at 30.09.2025 ~ 2,348.91 Crore). ( ~in Crore) Particulars As at 30.09.2026 As at 30.09.2025 Stage Stage Ill Total Stage Stage Total 1&11 1&11 Ill Loan assets 93,846.66 3,462.21 97,328.87 81,033.16 3,352.92 84,386.08 Impairment Loss 834.21 2,453.04 3,287.25 610.83 1,726.23 2,337.06 Allowance• Provisioning 0.89% 70.44% 3.38% 0.75% 51.48% 2.77% Coverage(%) .. 'Excluding 1mpa1rment allowance off 6.03 Crores (previou s period ~ 11.85 Crores) on non -fu nd based fac1l1t1es. •The provisioning required under Income Recognition, Asset Classification and Provisioning (IRACP) Norms (including standard asset provisioning) issued by RBI is ~ 3,277.05 Crores. 4. Interest income on credit impaired loan assets is not being recognized as a matter of prudence. 5. Company's primary business is to provide finance for Renewable Energy & related projects, and all activities are carried out in India and accordingly , there are no reportable segments as per Jnd AS 108 Operating Segments. 6. Additional information as required under Regulation 52(4) of SEBI (Listing obligation and Disclosure Requirements) Regulation, 2015 is annexed as Annexure A. 7. Pursuant to Regulation 54 of SEBI (Listing obligation and Disclosure Requirements) Regulations 2015, for all secured non-convertible debt securities issued by the Company outstanding as on 30.09.2026, security cover of 3.97 times has been maintained by way of charge on the receivables of the company. The security cover in the prescribed format has been annexed as Annexure B. 8. The company raises funds in different currencies through a mix of term loans from banks/ financial institutions/Govt. Agencies and issuance of non-convertible securities of different tenors through private placement. The issue proceeds have been fully utilized and there are no material deviation(s) from the stated object in the offer document/information memorandum of such non-convertible securities. During the quarter ended 30.09.2026, the Company has not raised any funds through non-convertible securities. The statement as prescribed under regulation 52(7) & 52(7A) of SEBI (listing Obligation and disclosure Requirements) Regulations, 2015, has been annexed at Annexure c. 9. There has been no default as on 30.09.2026 in the repayment of debt securities, borrowings and subordinated liabilities and the Company has met all its debt servicing obligations, whether principal or interest, during the period. The format for disclosing outstanding default on loans and debt securities has been annexed at Annexure D. 10. The disclosures in respect of related party transactions for the half year ended 30.09.2026 has been annexed at Annexure-E 11. There are no reportable cases of loans transferred/ acquired during the quarter ended 301h September 2026 (previous period: Nil) required to be reported under Master Direction - Reserve Bank of India (Non-Banking Financial Company -Financial Statements: Presentation and Disclosures) Directions, 2025.
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12. There were three cases of frauds amounting to~ 672.74 Crores (previous period: once case of~ 7.80 Crores) reported to Reserve Bank of India during the period ended 301n September 2026. One of the above cases pertains to Arjuna Biofuets (~Nit Crore) and two cases pertain to Gensel Group(~ 672.74 Crore) which have been disclosed previously, and 100% ECL provision has already been made. 13. Previous period figures have been re-arranged I re-grouped I re-classified wherever considered necessary to make them comparable with the current period's figures. In terms of our report of even date attached For Shiv & Associates Chartered Accountants !CAI Regn. No. 009989N CA. Manish Gupta Partner Membership No. 095518 Place : New Delhi Date: 19. 10.2026 For MAPSSS & Company Chartered Accountants !CAI Regn. No. 012796C Partner Membership No. 079140 For and behalf of Board of Directors
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SI. I 2 3 • ~ '· 7 8 - ') JO II 12 13 14 IS 16 17 JM (a) (b) (c) - - -(d} No1~1: Disd o.7urc- un der Reg ula tion S2C4) or SEHi fList iat Qbl!z:Rtion ead Qisclosui-e Reaujremen tsi Re•ulnli ons. 2015 for the gur!cr •ndod 30.09.2026 Anncgu r.:-A Partk ulars un•t Aut /for fl•• qua""r I AJ af I ror fbe periM As •f I r.r fl1e ~o..-ter ·1 A1 At I Cor tht p<Nd ellded e11ded 30.09.20?6 end•d J0-09.2026 ... ~.d 30.09.2025 J0.°'.20 25 Debt Eq1.ulv Rouo1 times s 64 Debt Sen.·1cc Co,·e..-ngeo RatioJ tunes '.':ot Applicable 1nlcrcst Sen ice Ccnr:1gc Rauol tunes Not Applicable Oulst~mti Rcck:c:mab?c Preference Sh3rcs ~In Crcres Dcbenlure Redemption Resen·e 'lnCror es OotJ Nct\Vorlhz ' In Crores 14,337 4U Net Profi• After T O\l 'Jn Crorcs 5S4 2f1 I 891 7~ ~900 Eommg Per Sh<llc t DCJ Shnre r.•n _j_ __ 3_ 17 I 97 Cuncn1 Rauo II Ale$ Not Applicoble Loni: Term Debt to W~n8 CopiU>J' umcs Nol App!icoble Dad Debts to Account s Rc::cc'l\t1.blc RaLio 1 untcs Xot AWl•coblc Current Liab1 h1~ Ra.Lio, umcs No! Applicoble Total Debts IC Totol llssets' limc:o; 0 H) Debtors Tumo' er ' omcs Not Applic:iblc ' Jm·e11tory Tu rnove r ~mes Not Applicable Oper111nJ; Mnrgm Percent' ~- 30 J O'~ I 241 3% ]J_K ( Of. Net Profi1 Mnrcin Pcrccntr; % 23 64% I l94t% 2(, fl8,% Secror specific caun alcnt ratios I CRAR' ~· 19 . 83~0 T:crl Coo•lol ~ In Crom Jj,107 J? Grns.! Non Pcrforrmne Asset! ltL.110 1 1. J .S 7% ~Cl Non Pffiom unc AH els Ratio 11 ,, I OX~'I) Oeb1 I Equt~ R;iuo Tot3l Debi I N~I Worth Ne1 Wonh is calculated :is defined in section 2(57) of Comparues Act, 2013. The Comp:iny 1s registered Wlder the Rescr'\o·c B an~ cf India Acl. 1934 :is Ncn-B:inkmg Fmanc1;il Compam hence lht.-sc ratios nrc tcru~ rall~ not ;ipphcable Total debts 10 l<>t:i.I assets TouJ Debt T01n1 Asscrs Opcro11n1:: Margm .. ?\:el Opc1a1inn Profit Befort 'fa'\ / Total Rc\cnuc from Opcra11ons !'\et Profit Mnrgin 'Sc-1 P1cf11 :illcr Ta'< Totnl Income C'RAR Total C"Gp1tal Fund ( l"u:r l Capua.I +Tier JI Ca.p11a)) I RuL \\ClCtUcd an<:ls cakuloltcd ~per apphcablc RBI CUldchn~ G:oss ~on Pcrfomung Assets Raua Gmss !\Jori Performing Assets Gros.s l.oM Asscls ~cl ~on Perfcnnlng Assets R;ilio :'-lcl I'\on Pc..-fornunc Ami~ I Net Loan Assets s 41 Not Applicable Not Applic•ble - 4390) 12.920.18 l 79H>l! I 2 88 Not Apphc:ible Not Appl1c:ibl<: ~ol Appl1 c'1ble ~oi App11coble 0.K2 Nol Applic•blo Not Awhcoblc l 2467% I Jt) SJ% l 20 IU% lt1.Jf18.8l l '>7~o I ll7%
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Dbdo i urc on .Suuril:V C(l\'cr (As pn ReJ1Jh11ivn ~(lJ uf Che Securities and E•di.ai,t- Bo_.nl o( hnlia (Li11iDz Obli1a1;..1:1 ad DUrlo1utt lbq1dnmr-n11) l\t 1ulaliua1, lO lS) Excl••tvt I £utu•i¥.r: Cha tK.c ChrJ,e Par..,P1usa Cllarit Pa.rf.Pai111 Ch"l"'I" J lt1ui·P£1Jtl Chnae Partk•r. .,_,.,_., usd ror tt·bicb tbh ccr1'f'1nte rtl1'h! Dci.tt.r •·bkh thi• ccrtiilkate bt"i111 lu11cd 01her IS.. .... Debt Audi at.ianid by part IJ»H dcW ... Wtr Orbt tor •'*h I (lltdwdn llcbt far '9"tlid a tltiA ttttifk:lk du. ecrdnc.w b is1.W &: btM~ iu:Hd otbu ih:ltt --it• pari passu "'"""' Book v.i •• 1 look v.i. . I <Y£SINOJ BMkVaJue ASS(;'fS Propcrt). P:ant .od Eq-~t Cr."lt•l Wodc·:r.-Progrcss 1 R1V. 1 af I ~K As"1S- I Good"'" I lr:1an,1l\!e I\~~ I i lo'.=.lJ:",\\!c Ju:!,c.'1:$ ~d£r Dn-~h'Pm<nt I (n\l..~!;'fl~S L _., I RL'CC'"ab:.:11 - """t~- · .... .n, '"·'·\'.'••""' :Mm&o I r, .~~,.-..c. Cuti and Ctb'fl E~U\\ a!c;:ts B:uil Balar..:c~ o:h1:1 lhan (.'uh a.nd. C~sh I '' .. cr.b ~ I T .. ,J 11A111.mr' T D..'111 ...... ,.•b. ~'-••! Ja tr.s:ii;ccr11lica!~pcn;,r:1 ns v .... "l di:~ Uiaiuii p:ll 'l-PW".J c h&Q!t' \\ith ;i"'"it ........ 1 I o· .. '>ftik}( ~ .. ;-..~Li~J dt4W I I p.,;,.,.,f' • I B&..L 1 Xot t.n~ Lkt4 '.\oft.~ li l:ctl OU .... h Tr* r .... ~. LC' ... _.L~;:•, P'l•T\;•-~ <111..u T.c.al Ce" tr u• Bf)Ok V.ah&e i I I I I ., I ., Y •. s 9),96} '\( I . I u ... 1.JO YES :,OS5 Ml I I !\II T !I 11l l _._, T l ?J,'6•.U Pari-l'an• Sn:liirll) Canr Ratio J.'1 OtbuaueooA whld 1 lbcre i• pnt .. ' I Pu1-.ch111r1t {eidHintt ke1u «n>ere d In t'ohlMll f) BoekV aiut> I I I I T -i I Au11t1 not ofre-rt:d H SK11rity tltrnin1lion .::;:: ;:. I «•mm 1 ·= than ont't (dw to A.IHI• exrl•k-e pt.s pari cltarccd tn pauu tbiltic) £U"l••h ·~ ..... 1<>664 1661..J I ns n n;n l Sl ' il l,fllI S~ t,ooJ s~ I 9l,%1 l fl 2"0 w 121 "' l!r i \ iir:s44 .,s ... I 1.11• 01 I 1 ,7 1 ~ 9 1 .,,u. .. 1 ~ "·''-"-" ::.oss 31 I . I l _!n ...... 1 ~S1 ol'i t . I 21,, . ~ ;~ •7 7'112 ~~ I :1 ~ _ , , !·J !1"'-4!· !.:'I I • I .! ~11 I ! 1n . i , .. ~ s '"'' u.·~ 1-<~ i ••• ..,-.s l 7.i.,.Jl .... ~llii n.••._~, I ~ c llf\J1t111llut1•..: "-'"''T - k. u-~·r 'Cd "11b 1f..t "''' ·c n.~..,, 1 ~ tr.t."r.lJO:ocJ 1n the: ..._ • ....,c J.1'.;.rmcnLS ",_: .~ 1,..cJ r~-....,,,•oft\C'I" bk Jc."'t ~\ol"l'la I·• • ro..,,.,.. cnJcJ 111 OCJ .:1.1!'• Anpn.ur""' B (t in Croro) Rela kd ID only t hou ilem1 cn\c red by lhi1 ccrt ifiule c.rryiq A..sc. Markt Carrriltt: /bvok \'lllltu fur value rorcichul vf' Vah1c for p1ui-pau u ch.,1e ~ieb ch•rsc 11u dr whc ~ P.ip u n w~1Pa<btval• n 1 ToC&I ehtlu:t "akH b Mt Cb,jlrJ:t aot atttrta loaltlc or V:.luc(=K+ L•M Jt.M:Crtad1tablc or Astctl •pplca~ + N) •tpliu.ble l\cbtcd to Col.., " F I I I l •H.-1111 10 91.% 1 l O I __ ,_...__ 0 . ..-1.JOT 11.'M l..JO -, I i i __ i I - ---- ~----- I ~
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Annexure-C Disclosure under Regulation 52(7) and Regulation 52(7 A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended September 30,2026 A. Statement of utilization of issue proce eds: if in C ro re) Name of ISIN Mode of Type of Date of Amount Funds Any Remarks Issuer Fund Instrument Raising of Raised Utilized Devi a Raisin2 Funds ti-On Indian NA NA NA NA NIL Ni\ NA NA Renew ab le Energy Develop ment Agency Limited (!REDA) B. Statement of Deviation : Particulars Remarks Name oflisted entity ndian Renewable Energy Development !Agency Limited Mode of fund raising INA Type of instrument INA Date of raising funds ~A Amo unt raised ML Report filed for quarter ended t30-09-2026 Is there a deviation/ variation in use of funds raised? NA ~ Whether any appro val is requ ired to vary the objects of NA the issue stated in the prospectus / offer document? If yes, details of the approval so required? Date of approval Explanation for the deviation / variation - -Comments of the audit comm ittee after review Comments of the auditors, if any Objects for which funds have been raised and where there has been a deviation/ variation, in the follow ing table:-NA - - - -Deviation could mean: NA a. Dev iation in the objects or purposes for which the funds have been raised. b. Deviation in the amount offunds actually utilized as against what was originally disclosed.
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Anncxure-D Disclosure for disclosing outstanding default on loans and debt securities under SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 for the period ended September 30 ,2026. (~ in Crorc S. No. Particulars Amount ( As at 30.09.2026) 1. Loans I revolving facilities like cash credit from banks I financial institutions A Total amount outstand ing as on date 47,702.86 B Of the total amount outstanding, am ount of default as on date - 2. Unlisted debt securities i.e. NCDs and NCRPS A Tota l amount outstanding as on date - B Of the total amoun t outstandin g, amount of defaul t as on date - 3. Total financi al indebtedness of the listed ent ity including 80,882.37 short- term and long-term debt 1 1Details of total financ ial indebtedness of the Company : (~in Crore Amount S. No. Particulars ( As at 30.09.2026) I. Debt Securities 29,922.03 2. Borrowings (Other than Debt Securities) 47,702.86 3. Subordinated Liabilities 3,257.48 Total 80.882.37
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Indian Renewabl e Energy Developm ent Agency Limited CIN L65 100DLl987GOJ027265 Extract of Audited Financial Results for the Quarter and Half Year Ended Sept 30, 2026 Standalone SI. Quarter ended Half Year Ended Year ended Quo rt tr end ed No. Particulars J{}-S.p-26 30-Stp-26 JO-Jun-16 JO-Stp-lS JO-Stp-26 JO-Sto-2 5 Jl- \l u-26 JO-Jun-26 I Auditod) ( l ' n1udited) ( ,\ udited) I Audittd) ( Audittd) ( Auditod) (Audited) ( t ' n•uditod ) I. Total Income from Operation s 2,; ~ 4.75 2.24954 2,057,45 4.594 .29 4,0 16.98 8J37.48 2.346.88 2.2~0. 60 2 :-:ct Profit (Loss) for the period (before Tax, Exceptional and! or 706.57 412 .72 696 .07 l ,1 l'l.28 1.0007 0 2.336n 704.45 4 13.75 fa1raard1 n an• items) 3 :-:er Profi t/ (Loss) for the period before tax (after Exce ptional and! or F.Jc1raordma:v items) 706 .57 4 12.72 696.07 1,1 1928 1,000 70 2,336.92 704.45 413 75 4. :-:ct Profit (Los s) for the period after tax (after F,xccptiooal and. or 554.26 337.50 5l900 891.75 795 .68 1,873.34 552 .14 338.53 EA1raordma" item s) 5 Total Co111prchcn11\e Income for the period [Comprising Profiv (Lo'5) 427 .65 27765 61 l 00 705 30 879 38 1.993 46 425 .99 278 30 for 1he period (allcr tax) and Other Comprch enm·e Income (afte r tax)) 6. Paid up Equll) Share Cop11al (face Value oft 10,- each l 2,809 .23 2.S09.23 l.Sll'l 23 2,809 23 2,809 23 2,809 23 2.809 23 2.809 21 7 Other Fq1111\ 1 l.S28 17 11,323 27 I0.1109S 11.528 17 10.11095 10,972 12 11.531 21 11,;21 % 8 Sr;:unacs Prnn1Um :\ccount (net) 2."''' ~& 2,7)7 56 2,"J' 56 2,737.56 2,737.5 6 2,737.56 9 :-:ct \\orth 14,337.40 14.13250 12,920 .18 14,337.40 12,920 18 13,781.3 5 10 Paid up Dc:bt Capital Outstand ing Debt 80.882.38 79,002.0 1 69,939 .39 80,882.38 <•'l,'IW 39 77,S~ S.63 II Debt Equu' Ratio 5.64 5.59 5.4 1 5 64 q1 HS 12. Earnings Per Share (of Rs. IQ/. each) {for continuing and d1scon1mocd nocra11onJ' A Buie 197 120 1.97 3.17 2.88 6.73 1.97 1.21 B Dil uted: 1.97 1.20 l.9 7 3. 17 2.88 6.73 1.97 I 21 13. Dcbcnnirc Redemption Reser\ c - . 439.01 . 41') Ol - . Notes: Consolidat ed ll•lf Ynr Endod J{}-Sep-!S J{}-Stl)-26 JO-Seo-2 5 (Au dited) ( Audited) (Audited) 2.0S7 85 4.5<n.48 4.017 69 696.39 l.118 .20 1,001.23 696.39 i,1 18.20 1,00123 549.33 890.67 79621 614 76 704.29 880 97 2,809 21 2,809 23 2,809 23 10,112.92 l l ,53 1.2 1 10,112 .92 1.97 3.17 2.88 197 3 17 288 439.01 . 439.01 (,..H(ZYU)# ~l· ~~ ~llt£0A Qlila'Mf'.,... 11 I (fin Crortl ) \'rar rndrd Jl -.\11r-l 6 (Audit ed ) 8,338 89 2.337.5 8 2,337 .58 1,874 .00 1,997 IS 2,809 23 10.976 .19 6 73 6 73 . •l The above results have been recommend ed by the Aud it Comm mee of Directo rs and approved by the !kiard of Directors 1n thCIT respective meeting s hdd on 19. 10.2026 and have been audited by rhe Join t St•Mory Auditors of the Compa ny. b) TI1e •bovc is an extra ct of the detailed fonna t of quarterly & half yearly financial results filed with Stock Exchang es under Regulation 33 & 52 of the SEBI LODR Regulations. The fu ll fonna t of the •aid financial result s are avai lable on the webs ite of the Compan y www.ireda.in/financial-rtsult.s and on the wrbs1tes of Stock Exchanges www.bseindia.c:om & www.nseindi1.com . c) For the othcrlinc items referred m regulation 52(4) of the SEBI LODR Regulati ons. per1mcnt disclosures have been made to Srock Exchanges and can be accessed at www.bseindia.com & www.nscindia.com respectively Date 19.10 2026 Place l\"ew Delhi QR Code for Access m~ financial Results Dr. B R Moh1nty \:anH1ng Director (Add1honal Charge) Director (f1na.1ce) 011> 1'o 08816~ n
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Shiv & Associates, Chartered Accountants 103 & 105, Ajanta Market , Plot No. l, Vardhaman Indraprastha Plaza, LP. Extension , Patparganj , Delhi- 110092 MAPSS and Company, Chartered Accountants C-40, 2"d Floor, Ten Tower, Sector 15, Vasundhara, Ghaziabad, Uttar Pradesh- 20I012 Independent Auditor's Report on Consolidated Interim Financial Results of Indian Renewable Energy Development Agency Limited for the quarter and half year ended 30111 September, 2026 pursuant to the Regulation 33 and Regulation 52 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 as amended To The Board of Director s Indian Renewable Energy Development Agency Limited Report on the Audit of the Consolidated Interim Financial Results Opinion We have audited the accompanying consolidated interim financial results of Indian Renewable Energy Development Agency Limited ('the Holding Company') and its Subsidiary (Holding Company and its Subsidiary together referred to as "the Group") for the quarter and half year ended 301h September 2026, ("the Statement"), attached herewith, being submitted by the Holding Company pursuant to the requirement s of Regulation 33 and 52 regulations of the SEBI (Listing Obligation s and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of other auditors on separate audited financial statements/financial results/financial information of the subsidiary, the aforesaid consolidated interim financial results: a. Include the financial results of the following entities: • Indian Renewable Energy Development Agency Limited (Parent Company) • IREDA Global Green Energy Finance IFSC Limited (Subsidiary Company) b. are presented in accordance with the requirements ofregulation 33 and 52 of the Listing Regulations in this regard; and c. gives a true and fair view, in conformity with the recognition and measurement principles laid down in the applicable Indian Accountin g Standards, RBI guidelines and other accounting principles generally accepted in India, of the consolidated net profit and consolidated other comprehensive income and other financial information of the group for the quarter and half year ended 30111 September, 2026.
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Basis for Opinion We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013, as amended ("the Act") issued by the Institute of Chartered Accountants oflndia (ICAI). Our responsibilities under those Standards are further described in the 'Auditor 's Responsibilities for the Audit of the Consolidated interim financial results' section of our report. We are independent of the Group in accordance with the "Code of Ethics" issued by the ICAI together with ethical requirements that are relevant to our audit of the Statement under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and ICAI's Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in "Other Matter" paragraph below, is sufficient and appropriate to provide a basis for our audit opinion. Emphasis of Matter We draw attention to the following matters in the Consolidated Financial Results: i. Note No. 1 to the Consolidated Financial Results regarding the constitution of the audit committee and adoption of Consolidated Financial Results. Our opinion on Consolidated Interim financial results is not modified in respect of the above matter. Board of Director's Responsibilities for the Consolidated Interim Financial Results The statement has been prepared on the basis of the Consolidated Interim Financial Statements. The Board of Directors' of the Holding Company is responsible for the preparation and presentation of this statement that give a true and fair view of the consolidated net profit, other comprehensive income and other financial information of the Group in accordance with the applicable Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Act read with relevant rules issued thereunder, the circulars, guidelines and direction issued by the Reserve Bank of India (RBI) from time to time ("RBI Guidelines") and other accounting principles generally accepted in India and in compliance with the regulations 33 and 52 of the Listing Regulations. The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgment s and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the respective consolidated interim financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of Statement by the Management and Directors of the Holding company, as aforesaid. In preparing the Statements, the respective Board of Directors of the companies included in the Group are responsible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so. The respective management of the companies included in the Group are responsible for overseeing the financial reporting process of the Group. Auditor's Responsibilities for the Audit of the Consolidated Interim Financial Results Our objectives are to obtain reasonable assurance about whether the statement as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable 2
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assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations , or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors . • Conclude on the appropriateness of the Board of Directors ' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Consolidated interim financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the group to cease to continue as a going concern. • Evaluate the overall presentation , structure and content of the Consolidated interim financial results, including the disclosure s, and whether the Consolidated interim financial results represent the underlying transactions and events in a manner that achieves fair presentation. • Obtain sufficient appropriate audit evidence regarding the financial information of the entities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the audit of the financial statements of such entities included in the consolidated financial statements of which we are the independent auditors. For the other entity included in the consolidated financial statements, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion. Materiality is the magnitude of misstatements in the Consolidated Financial Statements that individually or in aggregate , makes it probable that the economic decisions of a reasonably knowledgeable user of the Consolidated Financial Statements may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work and (ii) to evaluate the effect of any identified misstatements in the Consolidated Financial Statements. We communicate with those charged with governance of Holding Company and Subsidiary regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence , and where applicable, related safeguards.
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Other Matters i. The Consolidated Interim Financial Results include audited interim financial statement of one subsidiary , whose Standalone Interim Financial statements reflect total assets of Rs 89.43 crores as at 301h September, 2026, total revenues of Rs. 3.06 crore, net loss of Rs. 1.08 crores, other comprehensive income of Rs 0.06 crores and net cash outflows amounting to Rs. 31.34 crores for the half year ended 30th September , 2026, as considered in the Consolidated Interim Financial Results, which have been audited by their respective Independent Auditors ' . The independent auditors' reports on financial statements of this entity have been furnished to us and our opinion on the Consolidated Interim Financial Results, in so far as it relates to the amounts and disclosures included in respect of this entity, is based solely on the report of such auditors and the procedures performed by us are as stated in paragraph above. ii. The audit of Consolidated Interim Financial Results for the quarter and half year ended 301h September, 2025, was conducted by M/s Shiv & Associates , Chartered Accountants, and Mis Rao & Emmar, Chartered Accountants . They expressed unmodified opinion on those Consolidated Financial Results vide their audit report dated ]4th October , 2025. iii. As per past practice , in respect of loan assets, the Company has provided expected credit loss (ECL) as required under Ind AS 109 based on the ECL report submitted by an independent agency appointed by the Company, which inter alia includes assumptions based on technical parameters I certain aspects. The use of such report does not diminish management's responsibility for ECL estimation nor our responsibility to evaluate the assumptions, methodology and data used . 1v. The Company has classified certain accounts required to be classified as Stage III I Non-Performing Assets (NPA) as Stage II I Standard, aggregating to Rs. 386.76 Crore in terms of interim orders ofHon'ble High Courts . The relevant disclosures have been made accordingly. However, as a matter of prudence , interest income on such accounts becoming NPA in terms of prudential norms of the Reserve Bank of India (RBI) has been recognized on collection basis and allowance for impairment loss has been made in the accounts accordingly. Our opinion on the statement is not modified in respect of these matters. For Shiv & Associates, Chartered Accou t ts FRN: 009989N CA Manish Gupta Partner Membership No. 095518 UDIN: '2-8o9~bl(J ~.JA-i'L..Pg3~2- Place: New Delhi Date: 19-10-2026 For MAPSS and Company, Chartered Acco u ~~:--.... FRN: ~~b'~~~ ~.~~ ~b-_~~..rt Partner Membership No. 079 140 UDIN: ?-bo':f-Gl \ y-os UX''Z-Ur~ '6 (>0 4
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Indian Renewable Energy Development Agency Limited (!REDA) (A Govcmmcnl of India Entcrµnsc) ('IN : L65IOODL1987GOl027265 Regd Office : India Habilot Centre. East Court. Cor<-4A . l st Floor, l.odl11 Road, New Delhi - l 10-003 Statement of Conso.l.idatcd Audited Fin ancJ.!!l.R.csuJts for the Ouar.!.c..r .ll.1!-d_lfalf_\'._e_a..r_endcd 30.09.i_OJ.§_ QW1rter ended S.No. Particulars 30.09 .2026 30.06.2026 30.09 .2025 (Audited) {Unau dited ) {Audited ) I H.~vtnue From Operations i) Interest Income 2.319 .10 2,198.72 2,030.43 ii) Fees and Commission Income 11.39 37.54 12.19 iii) Net 11ain/(loss) on Fair Value Cha nae s 6.76 1.39 7.58 i\') Otlier Oucratin11 lncomc 8.59 11.80 7.08 Total Revtnuc From Oncrations (ll 2,34S.84 2,249.45 2.057.28 II Other Income I.OS 1.15 0.57 Ill Total Income <l+ll) 2,346.88 2,250.60 2,0S7.85 IV Exoenses - i) Finance Cost I 317.27 l,34l.27 1.212 .97 ii) Net Trnnslarion/ Transnction Exchan ge Loss/(Gain ) 7.37 5.35 13.71 iii) Impairment on Financial Instruments 187.70 418.54 69.92 iY ) Employee Benefits Exix:nscs 30.09 32.56 25.95 v) Depreci ation, Amonization and lmu airmont 10.29 9.94 10.44 vi) Others Extx:ns<:s 19.64 18.82 20.32 vii) Corpora te Social Responsibility Expense IO.OS 10.37 8.15 Total Expenses (I V) 1,642.42 1,836.85 1 361.46 v Profi t/(Loss) Before Exccotional Items and Tax 1111-IV 704.4 5 413.75 696.39 VI Exceptional Items - - - VII Proli t/(I..oss ) Before Tax CV-VI) 704.45 413.75 696.39 Vlll Tax Ex11cnse . i) Current Tax 184.69 187.80 140.88 - Current year 184.69 187.80 140 88 - Earlier years - - - (i1) Deferred Tax (32.38 ) (112 58 ) 6.18 IX Profilill.oss) from Conunuini: Operations (VU-VIII) 552. 14 338.53 549.33 Profit/(Loss) from Discontin ued Opera tions - - . x Prolit/(Lo.ss) for the ouiod 552.14 338.53 549.33 XI Other Com11rch<osive Income IA) (il ltems that will not be reclassified to Profit or Loss - Remcasurcmcnts of ihc Defined Benefit Plans .- (6.32) (6.05) (4. 17) (ii) Income Tax relating to items that will not be reclassified to Profit 1.59 1.52 I 05 lnr t .... Subtotal IA) (4.73 ( 4.53) (J.12) (B) (i) lte1m tliat will be reclassified to Profit or Loss :- ·Effec tive po11ion of gain/( loss) on hedging instrun1ent in Cash Flow (162 .86) (73.92) 91.04 I ledge Reserve ·Translation Reserve on Consolidation 0.45 (0.38) 0.43 {ii) Income rnx relating to items that will be reclassified to Profit or 40.99 18.60 (22.91) Subtotal (Bl 02l.42l 155.70 68 .56 Other Comprehensive Income (A+ B) (126.15) (60.2J) 65.43 XII Total Compreh ensive lncomo for the pcriod (X+X I) (Comprisin~ 425.99 278.30 614.76 lo __ .,,,. ucl --~ Otk-- , _____ , xv Bosic & Diluted Earnin~ per equity sha re of f JO each (in 'l A For (~ontinuing Qperauons 1.97 1.21 1.97 B For Discontinued Oocration s . - -c For Con tinuing and Discontinued Operations 1 97 1.21 1.97 Note: (I) Rcfci· accompany ing notes to the financia l results (2) Earni ng per share (EPS) for quan er is not annualised ENERGV FOR EVER ~~ ~IREDA ONCE CR£0A ALWAYS IREOA n / ·\;1 rt<1t11.1 O !\EJ (f in Cro res) Half Year Ended Year Ended 30.09.2026 30.09.2025 31 .GJ.2026 (Audit ed) (Audited) (Audited) 4,5l7 .82 3.939.53 8,180.46 48.93 27.53 58.83 8. 14 17.07 31.21 20.39 20.75 39.91 4,595.28 4,004.88 8,310.41 2.20 12.8 1 28.48 4,597.48 4,017 .69 8 338.89 2,718.55 2.4:11.24 4,904.68 12.72 29.98 43.41 606.24 432.53 777.08 62 .65 47 .18 1055 5 20.24 20.40 4389 :18 45 38.83 9320 20.43 16 30 33.50 3,479. 28 3,016.46 6,001.l l l ,11820 I 001.23 2,337.58 - - - 1,118.20 1,001.23 2,J37.58 372.49 254.24 565.12 372 .49 254 .22 58045 . 0.02 (15.33 ) (144 96) (49 .22) (101.54) 890 .67 796 .21 1.874.00 - . . 890.6 7 796.21 1,874.00 ( 12 37) (4 08) (41.5 1) 3.11 1.03 10.45 (9.25' (MS) (Jl.06 (236.78) 115.93 202 .03 0.06 1.06 3.03 59,59 (29.18) (50.85 ) !177.12 87.82 154.2 1 (186.38) 84.76 123.15 704.29 880.97 1,997.15 3 .17 2.88 6.73 . . . 3 17 2.88 6.73 13) The tii;urcs for the qnsncr ended 30.09.2026 have been denved by deducting the figures of the quaner ended 30.06.2026 from the figures of half year ended 30.09.2026 I I
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Indian Renewable Energy Development Agency Limited CIN: L65I OODLl987GO I027265 Consolidated Statemen t of Assets and Liabilities S.No. Particular s I ASSETS A Financial Assets (a} Cash and Cash Equivalents (b) Bank Balance other than (a) above (c) Derivative Financial Instruments ( d) Receivables {I) Trade Receivables (c) Loans (I) Investments (g) Other Financial Assets Total -f''inancial Asset s (A) B Non-financial Assets (a) Current Tax Assets (Net) (b) Deferred Tax Assets (Net) (c) Investment Property (d) Property , Plant and Equipment (PPE) (e) Capital Work-In-Progress (f) Right of use Asse ts (g) Intangible Asset s under development (h) Intangible Assets (i} Other Non-Fin ancial Assets Total-Non-Financial Assets (B) Total Assets (A+B) II LIABILITIES AND EQUITY LIABILIT IES A Financial Liabilities (a) Derivative Financial Instruments (b) Payables (l) Trade Payables (i) Total outstanding dues of Micro Enterprises and S'mall Enterp rises (ii) Total outstanding dues of creditors other than Micro Enterprises and Small Enterprise s ( c) Debt Securities (d) Borrowings (Othe r than Debt Securities) (c) Subordinated Liabilities (I) Other Financial Liabilities Total-Financial Liabilities (A} B Non-F inancial Liabiliti~s (a) Provisions (b) Other Non-Fin anc ial Liab ilities Total-Non-Fin ancial Liabilities (8) c Equity (a) Equity Share Capital (b) Other Equity Total- Equity (C) Total -Liabilities and Equity(A+B +C) As at 30.09.2026 122.15 875.44 796.08 2.60 94,048.44 975.58 31.41 96,851.70 158.27 624.38 0.02 166.64 - 135.45 0.22 3.53 106.59 1,195.10 98,046.80 100.86 0.57 1.53 29,922.03 47,760.45 3,257.48 2.303.52 83,346 .44 191.75 168.17 359.92 2,809.23 11 ,531.21 14,340.44 98,046.80 ENEROY FOR EVER ~~ ~IREDA ONCE IREOA ALWAYS IREOA I JI •,\i~1'C ftl l lh1 ( ·-1~\ 1 •EJ (fin Crores) As at 30.09.2025 199.68 515.07 739.48 5.22 82,012.15 754.23 21.20 84,247.03 196.93 414.55 0.02 190.52 - 140.41 0.23 4.72 65.96 1,013.34 85,260.37 26.67 0.21 4.70 28,941.56 37,740.64 3,257.18 1.999.85 71,970.81 169.89 197.52 367.41 2.809.23 10,112.92 12,922.15 85,260 .37
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Indian Renewable Ener&y Devek>pmtnt Aittnty Limited Cll\': J,65 IOODL198700!0272 65 Consolidated Statement of Ca•h Flows for the ntriod ended Sept JO, 2026 S.No , Partlcu lus A Cash Flow from Opernli ng Astivit!ts: Profit Before Tax Adjuslment for: I Loss I (Gain) on dCJecognition of Prnperty. Plant and Equipment (Net) 2 Impairment on Financial Instruments 3 Depreciation and Amortization 4 Amortization adjuslmcnt due to WB Grant s Interest on Lease Liability 6 Net Translation/ Transaction Exchange Loss I (Gain) 7 Provision Wnttcn Back 8 Amounts Written Off I Bad debts 9 Provisions for Hmployee Benefits 10 Effective lntcrcsl Rate on Debi Sccuri1ics 11 Effeclive lnlcrcsl Rate on Subordinated Liabilities 12 Effective ln1crcst Rate on Loans 13 Effective lnlercSI Rate on Loan lo Employees 14 Provision for Indirect Tax (Including on Guarantc-c Commission) & Others IS Prolitl(Loss) on Snlc of ln\esnncnt 16 Net Loss (Gam) on Fair Value Oiangcs Optraline Profit btfore chancu in Optrating Asstb and l.iKbililiu Increase I Decrease in Opc:rating Assets I Liabilities 1 Loan Assets 2 Derivative Financial Instrun1cnts 3 Other Fmancial Assc1s 4 Othor Non-Financial Assets 5 Trade Rcce1vnblcs 6 Otlicr No11-l'inanc1al Liab1liucs 7 Otli<r F111ancial l.tnb1ht1cs 8 Lease Liability 9 Trade Payable 10 Bank Balances other than Cash and Cash Equivalent C'a•b Flow from Optralions Before Exceptiona l Items Exceptional hem Net Cash l nflow/(Outflow) from O~ratiuns Before Tllx lnconic Tax :'iet Cash Flow from Oper:ating Activiti .. u Cash Flow horn Investing Activities I Purchase of Property, Plant & Equipment (includinn ROU) 2 Purchase of flltan1pble Assets 3 Sale of Property, Plant & Equ1pmc111 (i11clud1ng ROU) 4 Intangible Asset Under Development s Investment in Government Sccurities (Net) & Subsidiary Net Cash Flow from Investing Activities c Cash Flow from Financing Activjties I Proceeds from Issue of Equity Shares 2 Proceeds !Tom Sccurilies Premium 3 Share Issue fapensc s 4 Issue of Debi Sc11rit1es (Net of rcdemplions) 5 Raisintt ofS ubord1na1cd Liabilities including PDI (1'cr of redemptions) 6 Raising uf Loans other than Debt Securities (Net of repayments) 7 Payment for Lease Liability 8 Payment of D1v1dcnd Net Cash flow front Financing Activities :'>l•t lnc rease/Ott rease in Cash and Cash Equival•nts Cash and Cash Equivalents at U1e Beginning Cash nnd Cash Equivalents at the End Compon•nts of Cash and Cash Eouivalents as at end of th• period are: In C.uJTcnl Accounts wirh ll•nks in Indian Branch In CuaTcnl Accounts wi1h Banks tn Foreign Branch Sho11 tcm1 Deposits in Fofcign Branches In Ovc"Jdrafl Aocounts wi1h llanks In Deposit Accounts with Banks In Saving !lank Accounts wilh Banks Oieoucs Under CollectioniDD In hand and Post•rne imllrcst Total Cash and Cash Eouivalent as at end of the neriod Company Overview and Material Accounting Policies Information The accomapnying notes I to 3& form an integral pact of die Standalone Financial Statements Pt riod ended 30.09.2026 1, 118.20 041 606 24 2023 0 .19 0.22 1272 0.00 0 .31 2.11 044 o IS (<J.99) 0 .16 3.IJ 0.00 8.14 1,762,66 (4,448.72 ) 246.73 ( 57 98) (04.2l) 0.55 (2111 ) 294 09 Oo<> (2.41) (172.92) (4,225.91) (2,463.27) - (2,463.27) (358.24 ) (2,821.SI) (604) - 000 001 (71.85) (77.88) 0.00 -. 1.500.00 0.00 1,642.48 (0.16) (168.46) 2,973.85 74.46 47.69 122.15 4.92 1.56 0.00 94.16 0.57 20.94 0.00 122.15 I Tiie above stalcmenl of cash flow> has been prepared under the indirect mcd1od as 51:1 our in Ind AS 1 ' Sta1<n1etl1 of Cash Flows' (~in Crort s) Ptriod ended 30.09.2025 1,001.23 0 .60 432.53 20 40 0 19 0.17 JI.OS 0.00 o.so 1.66 (0.27) (0.39) 16.46 0 .00 12lJ 0 .00 17,07 l ,S33,Sl (8,204.45 ) - (277 .32) (39 .89) 0 .71 10.73 752.64 (0.22) (4.22) ( 159.65 ) (7,921.67) (6,388,14) - (6,388. 14) (260.44) (6,648.58) (8.15) 0 .29 (0.23) (14 1.47) (149.56) 121.47 1,884.43 (1 4.87) 495.60 453.00 4,00 1.04 (0 .14) - 6,'140.S3 142.39 S?.29 199.68 14.59 0.0 7 29.07 145.16 - 10.79 000 199.68 2 ·n1erc are no repatriation restrictions with rcspec1 to Cash and Cash Equivalents and Bank balances as at the end of the reporting period presented above Previous period figures have been rearranged and regrouped ''here:~"'!!'~..,.~
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Notes to the Consolidated Audited Financial Results for the quarter and half year ended 30.09.2026: - 1. These financial results have been reviewed and recommended by the Audit Committee (consisting of one Independent Director and two Non-Executive Directors, pending appointment of requisite number of Independent Directors by Govt. of India) and subsequent ly approved by the Board of Directors of the Company, at their respective meetings held on 19.10.2026 and have been audited by the Joint Statutory Auditors of the Company. 2. These Financial Results have been prepared in accordance with the recognition and measurement principles laid down in applicable accounting standard specified under section 133 of the Act, read with the relevant rules issued thereunder, directions issued by RBI from time to time and other accounting principles generally accepted in India and in compliance with the requirements of Regulation 33, 52 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015 (as amended). 3. The accounts of the Subsidiary Company IREDA Global Green Energy Finance IFSC Limited has been Consolidated in accordance with the Indian Accounting Standard 110: Consolidated Financial Statements. 4. Impairment allowance on loan assets is provided as per the board approved ECL methodology and calculations done by an independent agency along with management outlays wherever necessary. Cumulative impairment allowance (including standard loans and non-fund-based facilities) stands at ~ 3,294.17 ' Crore as at 30.09.2026 (as at 30.09.2025 ~ 2,348.91 Crore). (fin Cror e) Particulars As at 30.09.2026 As at 30.09.2026 Stage Stage Ill Total Stage Stage Total I & II I & II Ill Loan assets 93,935.92 3,482.21 97,418.13 81,033.16 3,352.92 84,386.08 Impairment 835.10 2,453.04 3,288.14 610.83 1,726.23 2,337.06 Loss Allowance* Provisioning 0.89% 70.44% 3.38% 0.75% 51.48% 2.77% Coverage(%) *Excluding 1mpa1rment allowance of ~ 6.03 Crores (previous period ~ 11.85 Crores) on non -fund based facilities. ' The provisioning required under Income Recognition, Asset Classification and Provisioning (IRACP) Norms (including standard asset provisioning) issued by RBI is~ 3,277.05 Crores. 5. Interest income on credit impaired loan assets is not being recognized as a matter of prudence. 6. Primary business of the group is to provide finance for Renewable Energy & related projects, and all activities are carried out in India and accordingly, there are no reportable segments as per Ind AS 108 Operating Segments. 1. Additional information as required under Regulation 52(4) of SEBI (Listing obligation and Disclosure Requirements} Regulation, 2015 is annexed as Annexure A . s. There are no reportable cases of loans transferred/ acquired during the quarter ended 301h September 2026 (previous period: Nil) required to be reported under Master Direction - Reserve Bank of India (Non-Banking Financial Company - Financial Statements : Presentation and Disclosures) Directions, 2025.
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One of the above cases pertains to Arjuna Biofuels (~Nil Crore) and two cases pertain to Gensel G rou p(~ 672.74 Crore) which have been disclosed previously, and 100% ECL provision has already been made. 10. Previous period figures have been re-arranged I re-grouped I re-classified wherever considered necessary to make them comparable with the current period's figures. In terms of our report of even date attached For Shiv & Associates Chartered Accountants ICAI Regn. No. 009989N CA. Manish Gupta Partner Membership No. 095518 Place: New Delhi Date: 19.10.2026 For MAPSSS & Company Chartered Accountants ICAI Regn. No. 012796C CA. Praveen Venna Partner Membership No. 079140 For and behalf of Board of Directors
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Disclosure yndgr Rseula tion S2f4) o CSEBI CUstinc Obligalion and Disclosure Reguirem entfl Rfgulittton s. 201 S for fht gu•rter and pcl'iod tndrd J0.09 .2026 Annu:u1·e-A SI. Particu1ars Unit As •• /for •h• quarl •r r· .. /for ch< period As at I fort~• quan er I As at / for the period edtd •ndtd 30.99.2026 end•d 30.09.2016 end•d 30.09.2025 30.09.2025 1 Debi Equity Rauo 1 times: 5.64 s 41 2 Debt Service ('overa ge Ratio ' times Not Appl icab le Not Applicabl• .1 Interest ScrvJcc Coverage Ro:tto.) times Not App hc:ablc Noe Applica ble 4 Outstanding Redeemable Preference Sh<ircs ~ I n Crorcs - 5 Deben ture Redemption RC!crve ( fn Cror cs 439 01 6 Net Wonh ' t Jn Crorcs 14.340 44 12,922 15 7 Net Profit Ancr Tax ~ Jn Crorcs 552 14 I 89067 ~49 33 I g Earning Per Shar e ~per sha re 1Q7 I .1 17 I 97 l 9 Current ~ti:oJ lim es Not Apphcabl c Not Applicab le 10 Long Tenn Debt 10 Wor king C"ap1t1114 tim es Not Applic•blc Not Appli cable 11 Bad Debts to Accounts Receiva ble Ratio ' umcs 1'ot Applic •blc S ot Applicable 12 . Current L13bthty Ratio tim es 1'ot Appl icable Noe Applicab le 13 l'otal D eba~rotal Assets" times 083 0 82 14 Debtors Turnove r3 ti in es Not Applicabl• Not App lica ble IS Jnvcntosy Turn over ~ tl111C5 Not Appli c•blc Not Applo cablc 16 Operating Margin Perce nt' " " 2999 % I 242~). 33. 82% 1 17 Net Profit Milfgin Pcrcent6 ,, " 23 53% I 19J ~J. 2669% I !"lot es: Debt I l:q u•ty R.a!IO T otal [>;,ht I Not WM h Net Worth 1s cnlcu latcd .u dcli ncd 111 scctro n 2 (S7) of Co mpanie s Ac.I. 201 3 The Co mp"n)' is reg istered under tJ\c Reserve llank of lnd1a AcL, 1934 ns Ncn·Ban kmg F1nanc1al Com pany. hence these rati os arc genera lly not applic ab le 4 To tal debts to to1 :iJ assets Tou.1 Debt , Total Assets S Opcraung Margin - ~ct Opcraung Profit Before T:ix I Total RC\·enue (rom Opcrauons Nee P rofit Margin Net Profit after Tax I Total Income 79621 2 88 24 b&% 19 82%