Interim report
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November 04, 2026 The Manager, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 BSE Scrip Code: 544664 The Manager, National Stock Exchange of India Limited, Exchange Plaza, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051 NSE Symbol: KSHINTL Sub.: Outcome of Board Meeting. Ref.: Regulation 30 (read with Part A of Schedule III) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”). Dear Sir/Madam, Pursuant to the above-referred Listing Regulations, we hereby inform you that the Board of Directors of the Company, at its meeting held today, i.e., Wednesday, November 04, 2026, inter alia, considered and approved: i. the unaudited financial results of the Company for the quarter and six months period ended September 30, 2026 (“Financial Results”). The Statutory Auditors have issued their Limited Review Report on the financial results with an unmodified opinion. The Financial Results and the Limited Review Report issued by the Statutory Auditors is enclosed as Annexure – A and Annexure B, respectively; and ii. capital expenditure of up to Rs 1,850 million for new Phase-3 expansion of Specialized Magnet Winging Wires at Company’s Supa Facility, which would ultimately increase Company’s total capacity to approximately 72,200 MTs by Q1 FY2029 , the details of which are provided in Annexure - C, pursuant to the SEBI Circular dated January 30, 2026, bearing reference no. HO/49/14/14(7)2025-CFD-POD2/I/3762/20. The Board meeting commenced at 05:00 p.m. (IST) and concluded at 5:54 p.m. (IST). The above information will also be available on Company’s website at https://kshinternational.com/investor-relations/. You are requested to take this intimation on record. Thanking you, For KSH International Limited Nakul Shivaji Patil Company Secretary and Compliance Officer, Head – Secretarial & Legal Membership No.: A39990 Encl.: As above.
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Sr. :\o. I II Ill IV V VI VII VIII IX X XI XII KSH International Limited (Formerly known as KSH International Private Limited) Regd. Office: Gat No.11/3,11/4.11/5,Village Biradwadi,Chakan Tal.Khed ,Dist-Pune 410501: ClN U8 I 29PN 1979PLC14 l0 32 Statement of Unaudited Financials Results for the quarter and half year ended September 30, 2026 (Amounts in f' mi/1,on excepl 01hen111se slated) P:trtirulars Qu:trt,•r cmkcl llalf �car ,·111kcl Yc:ir ,•oded Septcmher .,o. . June 30. 2026 s,•ptcmhcr 30 . S,•ptcmher 311. Scpt,•mhcr 30. \J arch 3 I. 202<, 2026 21125 2026 21125 l namlitl'<I l·nauclitecl l·nauditecl l nauclited l nauclitecl ,\uclitecl (l�l'fer :\otc 5) (Refer :\ote 4) ( Refer :\ote 5) (Refer :\ote 4) Jncomc Revenue from operations 13.196.54 11.642.35 7.121.48 24,838.89 12,708.60 31.069. 71 Other income 55.45 81.87 35.61 137.32 74.53 214.11 Total income 13,251.99 11,724.22 7,157.09 24,976.21 12,783.13 31,283.82 Expenses Cost of materials consumed 11,718.76 11,286.56 6.804.65 23,005.32 11,899.01 29.815.25 Changes in inventories of finished goods and work-in-progress 113.68 (807.02) (439.46) (693.34) (597.07) (1,950.95) Employee benefits expense 149.17 142.83 122.83 292.00 235.48 528.90 Finance costs 222.50 172.81 92.64 395.31 165.77 440.40 Depreciation and amortisation expense 91 .47 83.84 38.68 175.31 71.98 219.40 Other expenses 317.84 276.25 172.40 594.09 307.29 755.29 Total expenses 12,613.42 11,155.27 6,791.74 23,768.69 12,082.46 29,808.29 Profit before exceptional items and tax (I - II) 638.57 568.95 365.35 1,207.52 700.67 1,475.53 Exceptional items (Refer note 8) - - - - 16.38 Profit before tax (Ill - IV) 638.57 568.95 365.35 1,207.52 700.67 1,459.15 Income tax expense: -Current tax 144.52 134.80 79.03 279.32 170.37 339.02 -Deferred tax expense/(credit) 11.80 11.95 (9.59) 23.75 7.59 18.87 -Tax pertaining to earlier years 2.72 2.72 - - Total tax expense 159.04 146.75 69.44 305.79 177.96 357.89 Profit for the quarter/year (V - VI) 479.53 422.20 295.91 901.73 522.71 1,101.26 Other comprehensive income Items that will not be reclassified to profit or loss Remeasurement gain/(loss) on defined benefit obligation (0.56) 0.49 (14.99) (0.07) (15.65) l.83 Tax impact on above 0.14 (0.12) 3.77 0.02 3.94 (0.46) Total other comprehensive gain/ (loss) (net) (0.42) 0.37 (11.22) (0.05) (11.71) 1.37 Total comprehensive income (VII+ VIII) 479.11 422.57 284.69 901.68 511.00 1,102.63 Paid up equity share capital (face value off 5 each) 338.78 338.78 284.09 338.78 284.09 338.78 Other equity 7,742.23 Earnings per equity share of face value f 5 each (not annualized) - Basic 7.08 6.23 5.21 13.31 9.20 18.38 - Diluted 7.07 6.22 5.20 13.29 9.20 18.37 Annexure A
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KSL1 International Limited (Formerly known as KSH International Private Limited) Regd. Office: Gat No.11/3,11/4,11/5,village Biradwadi,Chakan Tal.Kbed ,Dist-Pune 410501: CIN L28129PN1979PLC141032 Statement of assets and liabilities as at September 30, 2026 Amounts in f million except otherwise stated Particulars As al Scplcnihcr 302026 As at March 31.2026 Li na,idilcd Audited ASSETS Non-current assets Property, plant and equipment 4,044.76 3,074.56 Right of use assets 313.67 43.33 Intangible assets 5.33 7.72 Capital work-in-progress 406.77 520.77 Intangible assets under development 8.75 - Financial assets -Other financial assets 297.82 128.23 Other non-current assets 27.91 558.46 Total - Non-current assets 5,105.91 4,333.07 Current assets Inventories 5,420.08 4,249.19 Financial assets -Trade receivables 5,864.06 3,327.11 -Cash and cash equivalents 415.63 721.16 -Otherbankbalances 122.37 123.66 -Other financial assets 15.92 9.65 Other current assets 611.04 461.82 Total - Current assets 12,449.10 8,892.59 TOTAL ASSETS 17,554.11 13,225.66 EQUITY AND LIABILITIES Equity Equity share capital 338.78 338.78 Other equity 8,649.78 7,742.23 Total - Equity 8,988.56 8,081.01 Liabilities Non-current liabilities Financial liabilities -Borrowings 228.43 259.86 -Lease liabilities 291.34 22.89 Provisions 29.43 10.82 Deferred tax liabilities (net) 105.43 81.71 Total - Non-current liabilities 654.63 375.28 Current Liabilities Financial liabilities -Borrowings 3,184.15 2,902.25 -Lease liabilities 13.50 26.43 -Trade payables Total outstanding dues of micro and small enterprises 44.46 67.98 Total outstanding dues of creditors other than micro and small enterprises 4,138.45 1,167.36 -Other financial liabilities 357.85 317.30 Other current liabilities 151.70 190.27 Provisions 10.05 22.94 Currenttax liabilities (net) 10.76 74.84 Total - Current liabilities 7,910.92 4,769.37 TOTAL EQUITY AND LIABILITIES 17,554.11 13,225.66
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KSU International Limited (Formerly known as KSH International Private Limited) Regd. Office: Gat No.1 l/3,ll/4,11/5,Village Biradwadi,Chakan TaLKhed ,Dist-Pune 410501: CIN L28l29PNl979PLCl41032 Cnshflow Statement for the half year ended September 30,2026 (Amounts in t' million except otheni'ise stated) Part icu In rs to r I lie period ended Sepleiiihcr 30.21)26 tinaudjied For t he period en dod September 31). 2025 tiiaiidjted Cashflows from operating activities Profit before tax for the period 1,207.52 700.67 Adjusted for: Depreciation and amortisation 175.31 71.98 thss/(profit) on sale/disposal of property, plant & equipment 0.05 0.01 Finance cost (including towards lease liabilities) 395.31 160.92 Interest income (20.80) (1.18) Sundry balances written off/(back) (0.58) (0.23) Share based payments to employees 5,88 8.18 Unrealised foreign exchange loss/(gain) (net) 40.01 4.21 Operating profit / (loss) before working capital changes 1,802.70 944.56 Adjusted for: (lncrease)/decrease in inventories (1,170.89) (476.07) (lncrease)/decrease in trade receivables (2,576.96) (732.26) (lncrease)/decrease in other financial assets (0.64) 2.21 (Lncrease)/decrease in other assets (149.22) (224.55) lncrease/(decrease) in trade payables 2,948.15 170.45 lncrease/(decrease) in other financial liabilities (48.39) - lncrease/(decrease) in provisions 5.65 1.42 lncrease/(decrease) in other current liabilities (38.57) (28.67) Cash generated from operations 771.83 (342.91) Income tax (paid) / refund (346.12) (113.94) Net cash flow from I (used in) operating activities (A) 425.71 (456.85) Cash flow from investing activities (Purchase) of property, plant & equipment (423.42) (612.01) (Investment) in/Redemption of fixed deposits (174.65) (13.61) Interest income 21.52 1.02 Net cash flow from! (used in) investing activities (B) (576.55) (624.60) Cash flow from financing activities Proceeds from short term borrowings (net) 266.74 1,028.36 Proceeds from long term borrowings 25.44 239.31 Repayment of long term borrowings (41.71) (25.03) Payment of lease liabilities (37.69) (18.30) Finance cost (367.47) (160.75) Net cash flow from / (used in) financing activities (C) (154.69) 1,063.59 Net increase! (decrease) in cash and cash equivalents (A+B+C) (305.53) (17.86) Effect of exchange difference on restatement of foreign currency cash and cash equivalents (ID) - 0.08 Cash and cash equivalents at the beginning of the period (Refer note 7) 721.16 103.67 Net increase / (decrease) in cash and cash equivalents (A+BI-C+D) (305.53) (17.78) Cash and cash equivaleats at the end of the period 415.63 85.89 Reconciliation of cash and cash equivaleats with the balance sheet Cash and cash equivalents as per Balance Sheet 415.63 85.89 Comprises of- Cash on hand 0.27 0.08 Balances with banks -In cuiTent accounts 5.36 85.81 -Bank deposits with with original maturity of less than three months 410.00 - 415.63 85.89 (This space is intentionolly left blank.)
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KSH International Limited (Formerly known as KSII International Private Limited) Regd. Office: Oat No.II/3,II/4,lI/5,Village Biradwadi,Chakan Tal.Khed ,Dist-Pune4l050l: (CIN-L28l29PNl979PLC141032) Statement olUnaudited Financials Results for the quarter and half year ended September 30, 2026 (Amounts in f mi//ion except otherwise stated) Notes: I The above Statement of Unaudited Financial Results of KSH International Limited (fonnerly known as KM] International Private Limited) ('the Company') have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 ('IND-AS') prescribed under Section 133 of the Companies Act, 2013 and other applicable recognised accounting practices and policies and in compliance with regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended (Listing Regulations). 2 The Statement of Unaudited Financial Results of the Company have been reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on November 04, 2026, The results for the quarter and half year ended September 30,2026 have been subject to a limited review by the statutory auditors of the Company. 3 During the quarter ended December31, 2025, the Company has completed an Initial Public Offering ('ffO') comprising 16,311,303 equity shares having a face value oft 5 each at a premium oft 379 each, comprising of fresh issue of 10,937,500 equity shares amounting to ! 4,200 million and an offer for sale (OFS) of 5,373,803 equity shares by promoter selling shareholders amounting to t 2,063.54 million. The entire post issue fully paid-up equity shares of the Company were listed on the BSE Limited (BSE) and National Stock Exchange of India Limited (NSF) on December 23, 2025. 4 The figures of the quarter ended September 30, 2025, represents the balancing figures between the financial results for half year ended September 30, 2025 which were subject to limited review by the statutory auditors, and audited financial statements for the quarter ended June 30, 2025. 5 The figures of the quarter ended September 30, 2026, represents the balancing figures between the financial results for half year ended September 30, 2026, and the financial results for quarter ended June 30, 2026 which were subject to limited review by the statutory auditors. 6 Effective August 04, 2026, the Company has commenced production of copper rods for captive consumption and warehousing at Company's new in-house Upcast Facility, situated at Oat No. 11/8 and 11/9, Village Bimdwadi, Chakan, Tal. Kbed, Dist. Pune. The Company has received a Consent to Operate ('CrO") from the Maharashtra Pollution Control Board on September 09, 2026, for manufacturing facility situated at Plot No. F-223, Supa Pamer Industrial Park, Mauje Palve Khurd, Taluka Parner, Dist Ahmednagar, Maharashtra 414 301 ("Supa Facility"). Consequent to receipt of CTO, the total approved capacity to manufacture Specialised and Standard Magnet Winding Wires is 28,800 MTPA for Supa Facilty. 7 Cash and cash equivalents at the beginning of the period represents balances outstanding as on April 0 1,2026 and April 0 1,2025 for the period ended September 30,2026 and September 30,2025 respectively. 8 During the year ended March 31, 2026, the Company had recorded incremental impact on account of implementation of New Labour Codes by the Govermnent of India amounting to t 16.38 million as an exceptional item in the Statement of Profit and loss account. The Company continues to monitor the finalisation of State Rules. Any impact from these rules will be evaluated aad accounted for in accordance with applicable accounting standards in the period, they are notified. 9 During the quarter ended June 30, 2026, goods with an invoice value oft 10.75 million (excluding OST) were misappropriated during transit to the customer's premises while in die custody of the driver engaged by an external transporter. The Company lodged an FIR with the appropriate authorities and filed an insurance claim in respect of the loss. Subsequently, a portion of the material was recovered by the authorities and, pursuant to an order dated October 12, 2026, of the competent court, has been released to the Company for interim custody, subject to specified tenns and conditions. The insurance claim remains under assessment as at the date of approval of these financial results. The incident is not considered material in tenlis of the Company's Policy for Detennining Materiality of Events and Infonnation for Disclosures. 10 As the Company operates in the single business segment of winding wires primarily made of Copper and Aluminum, there are no reportable segments of business as defined under Ind AS 108. 11 The financial results are available on the Company's website and on the websites of the stock exchanges where the Company's equity shares are listed (BSE and NSE). For and on behalf of the Board of Directors of KSH International Limited (former/y known as KSH International Private Limited) ajesh Hegde Managing Director DIN: 00114193 Place: Pune, India Date : November 4,2026
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KIRTANE N PANDIT LLP Chartered Accountants Pune I Mumbai I Nashik I Bengaluru I Hyderabad I New Delhi I Chennal Independent Auditor's Review Report on Unaudited Financial Results of KSH International Limited for the quarter and half year ended September 30, 2026 (Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended) Review Report To The Board of Directors KSH International Limited (formerly known as KSH International Private Limited) We have reviewed the accompanying statement of unaudited financial results of KSH International Limited (the "Company") for the quarter and half year ended September 30, 2026 ("the Statement") attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. This statement, which is the responsibility of the Company's Management and has been approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 ("the Act") as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express 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 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. 5th Floor. Wing A. Gopal House. SNo 127/lB/i. Plot Al. Kothrud, Pune - 411 038. India " +9! 20 67295100. 25433104 9 kpca@kirtonepandit.com 0 wwwkirtanepandifco ' Annexure B
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Independent Auditor's Review Report on Unaudited Financial Results of KSH International Limited for the quarter and half year ended September 30, 2026 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('md AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Kirtane & Pandit LLP Chartered Accountants Firm Registration No.105215W/W100057 iFRN * 105215W/ * Suhrud Lele $b000>1 Partner Membership No.: 121162 UDIN: 2I2tI62Hucçcg Place: Pune Date: November 04, 2026 Kirtane & Pandit LLP Page 2 of 2 Chartered Accountants
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Annexure - C Details pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular dated January 30, 2026 (Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026): Sr. No. Particulars Description 1. Existing capacity 57,845 MT per annum 2. Existing capacity utilization 75% 3. Capacity, post expansion 72,200 MT per annum 4. Period within which the proposed capacity is to be added By Q1 FY 2028-29 5. Investment required Upto Rs 1,850 million 6. Mode of financing Internal accruals / debt / combination thereof 7. Rationale Expansion towards Specialized Magnet Winging W ires to cater anticipated business growth, improve operational efficiency, and strengthen the Company's ability to meet increasing customer demand