Interim report
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Registered Office 23rd Floor Vios Tower New Cuffe Parade Off Eastern Freeway Wadala Mumbai 400 037 Tel 91 22 6232 7400 website www.rallis.com Corporate Identity No. L36992MH1948PLC014083 October 22, 2026 BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai – 400 001 Scrip Code: 500355 National Stock Exchange of India Limited Exchange Plaza Bandra-Kurla Complex Bandra (E) Mumbai – 400 051 Symbol: RALLIS Dear Sir/Madam, Sub: Outcome of the Board Meeting – October 22, 2026 Ref: Intimation under Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) This has reference to our letter dated October 09, 2026, giving notice of the Board Meeting to consider and approve the Unaudited Financial Results of the Company for the second quarter and half year ended September 30, 2026. Pursuant to Regulations 30 and 33 of the SEBI Listing Regulations, we wish to inform you that the Board of Directors at their Meeting held today has inter alia, approved the Unaudited Financial Results of the Company for the second quarter and half year ended September 30, 2026. In this regard, a copy of the said Financial Results together with the Limited Review Report is enclosed herewith. These are also being made available on the website of the Company at www.rallis.com. The Meeting of the Board of Directors held today commenced at 2:45 p.m. (IST) and concluded at 5:00 p.m. (IST). You are requested to take the same on record. Thanking you, Yours faithfully, For Rallis India Limited Sariga P Gokul Company Secretary & Compliance Officer Membership No. ACS 39637 Encl.: As above
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1 2 3 4 a) b) c) d) e) f) g) 5 6 7 8 a) b) 9 10 a) b) c) 11 12 13 14 RALLIS INDIA LIMITED A TA.TA. Enterprise Registered Office: 23rd Floor, VIOS Tower at New Cuffe Parade, Off Eastern Freeway, Wadala, Mumbai- 400037. Cl N :L36992M Hl948PLC014083 PART I: UNAUDITED FINANCIAL RESULTS FDR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER, 2026 Particulars Revenue from operations (net of rebates and discounts) Other income TOTAL INCOME (1+2r EXPENSES Cost of materials consumed Purchase of stock-in-trade Changes in inventories of finished goods, work-in-progress and stock- in-trade Employee benefits expense (Refer Note 6) Finance costs Depreciation and amortisation expense Other expenses TOTAL EXPENSES 4(a) TO 4(g) PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX (3- 4) Exceptiona I items ( Refer Note 5) PROFIT BEFORE TAX (5 + 6) Tax expenses Current Tax Deferred Tax* Total Tax expense/ (credit) (8a+8b) NET PROFIT FOR THE PERIOD (7 - 8) Other Comprehensive Income- gain/ (loss) Items that will be reclassified to profit or loss Items that will not be reclassified to profit or loss Tax on lO(a) and lO(b)* TOTAL COMPREHENSIVE INCOME GAIN (9 + 10) Paid up equity share capital (Face value:'{ 1 per share) Other equity Basic and diluted earnings per share (in") *Items not presented due to rounding off to the nearest "crores See accompanying notes to the financial results Quarter ended 30 September, 2026 Unaudited 858 8 866 335 135 41 69 2 32 152 766 100 14 114 29 0 29 85 (1) (1) 0 84 19 4.37 Quarter ended Quarter ended Half year ended 30 June, 2026 30 September, 30 September, 2025 2026 Unaudited Unaudited Unaudited 1,022 861 1,880 13 10 21 1,035 871 1,901 618 441 953 136 53 271 (117) 3 (76) 52 74 121 2 3 4 30 30 62 148 136 300 869 740 1,635 166 131 266 2 6 16 168 137 282 45 37 74 (2) (2) (2) 43 35 72 125 102 210 (2) 1 (3) (3) 1 (4) 1 (O) 1 123 103 207 19 19 19 6.43 5.23 10.80 (~in Cr) Half year ended Year ended 31 30 September, March, 2026 2025 Unaudited Audited 1,818 2,897 22 42 1,840 2,939 914 1,579 186 273 7 (125) 141 283 7 10 59 117 266 526 1,580 2,663 260 276 6 (26) 266 250 75 79 (6) (13) 69 66 197 184 (1) 3 (2) 4 1 (1) 196 187 19 19 2,024 10.12 9.46
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PART II: UNAUDITED BALANCE SHEET AS AT 30 SEPTEMBER, 2026 As at Particulars 30 September, 2026 ASSETS Non-current assets a)Property,plant and equipment b)Capital work-in-progress c)lnvestment property d)Right-of-use asset e)Goodwill on amalgamation f)Other Intangible assets g)lntangible assets under development h)Financial assets i)lnvestments ii)Other financial assets i)lncome-tax assets (net) j)Deferred-tax assets (net) k)Other non-current assets Total non-current assets Current assets a)I nventories b)Financial assets i)lnvestments ii)Trade receivables iii)Cash and cash equivalents iv)Bank Balances other than (iii) above v)Other financial assets c)Other current assets d)Assets classified as held for sale Total current assets Total assets EQUITY AND LIABILITIES Equity a)Equity share capital b)Other equity Total equity Liabilities Non-current liabilities a)Financial liabiliti es i)Borrowings* ii)Lease liabilities b)Provisions c)Other non-current liabilities Total non-current liabilities Current liabilities a)Financial liabilities i)Borrowings* ii)Lease liabilities iii)Trade and other payables Unaudited -total outstanding dues of micro enterprises and small enterprises -total outstanding dues ot creditors other than micro enterprises and small enterprises iv)Other financial liabilities b)Other current liabilities c)Provisions d)lncome-tax liabilities (Net) Total current liabilities Total liabilities Total equity and liabilities *Items not presented due to rounding off to the nearest ,: crores ~&Co ~ ~ (:, 14Ihfloo1. ~ ,-0'\ ~ ~~entia18V,.:ig aM \ ~ ,-- NorlhCW1rg. \\ I '*' I Nesco IT Par<4. * , Nesco Center. ' Western Express Highway ) / () Goregaon (East). .f!? 1/ ~ Mumbai • 400 063 r{j:-' ($)1: ~ ()red Acc00 552 14 1 92 196 24 22 4 13 99 9 35 1,061 1,025 185 947 22 4 5 180 1 2,369 3,430 19 2,173 2,192 - 79 33 1 113 0 20 12 690 262 67 18 56 1,125 1,238 3,430 (,: in Cr.) As at 31 March, 2026 Audited 580 11 1 48 196 25 21 4 11 98 6 35 1,036 959 502 616 39 7 10 175 1 2,309 3,345 19 2,024 2,043 0 45 32 1 78 7 9 24 704 188 225 53 14 1,224 1,302 3,345 ~~
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(~ in Cr. ) PART Ill: UNAUDITED STATEMENT OF CASH FLOWS FDR THE HALF YEAR ENDED 30 SEPTEMBER, 2026 Half year Half year ended 30 September, ended 30 September, Particulars 2026 2025 Unaudited Unaudited A CASH FLOW FROM OPERATING ACTIVITIES: Profit before tax 282 266 Adjustments for: Finance costs 4 7 Depreciation and amortisation expenses 62 59 Inte rest income on bank deposits• (0) (0) Dividend income • (0) (0) Fair valuation loss on investment in Mutual fund (net) 4 1 (Gain) on redemption of current investments (15) (16) Credit balances written back* (0) (1) Allowance for doubtful debts (net) and bad debts 5 4 Provision for im pairment of Tangible assets* 0 Provision for impai rment of intangible assets under development• 0 2 Provision for impairment of intangible assets under development written back (2) Provision for ex-directors pension liability (net) (1) 1 Provision for suppleme ntal pay (net)* 0 0 Provision for gratuity (net) (42) (4) Provision for compensated absences (net) 5 1 Mark-to -market loss/ (gain) on forward exchange contracts for hedging 1 (1) Net unrealised foreign exchange loss* 0 4 (Gain) on disposal of property, plant and equipment, investment property and assets held for sale (16) (6) Operating profit before working capital change s 287 317 Movements in working cap ital : (Increase) in trade receivables (334) (298) {Increase) in inventories (66) (19) Decrease in other financial assets 1 4 {Increase) in other assets (7) (60) (Decrease)/ Increase in trade payables (28) 235 Increase in other financial liabilities 75 72 (Decrease) in other liabilities (159) (147) CASH (USED IN )/GE NERATED FROM OPERATIONS (231) 104 Income taxes paid (Net of refunds) (33) (32) NET CASH FLOWS (USED IN)/ GENERATED FROM OPERATING ACTIVITI ES (A) (264) 72 B CASH FLOW FROM INVESTING ACTIVITIES: Interest received* 0 0 Dividend received * 0 0 Purchase of current investments (543) (641) Proceeds fro m sale of current investments 871 636 Payments for purchase of property, plant and equipm ent (including adjustments on account of capital work-in- (15) (19) progress, capital credito rs and capita! advances) Payments for intangible assets {including adjustments on account of intangib le assets under development (6) (1) Proceeds from disposal of property, plant and equipment, investment property and assets held for sale 17 4 Advance received against assets held for sale 4 Investments in bank deposits* 2 0 NET CASH FLOWS GENERATED FROM/ (INVESTED IN) INVESTING ACTIVITIES (B) 326 (17) C CASH FLOW FROM FINANCING ACTIVITIES: Repayment of long-te rm borrowings (including current maturities)* (0) (0) Proceeds from short-term borrowings 5 5 Repayment of short-term borrowings (12) (5) Payment of lease liabilities (14) (10) Dividend paid on equ ity shares (58) (48) Interest paid* 0 (5) Bank balances in dividend account"' 0 0 NET CASH FLOWS USED IN FINANCING ACTIVITIES (C) (79) (63) NET DECREASE IN CASH AND CASH EQUIVALENTS (A)+ (B) + (C) (17) (8) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR Cash in hand"' 0 0 Balances with banks ln current account and deposit account 39 28 CASH AND CASH EQUIVALENTS 39 28 Net Cash and cash equivalents as per Cash flow statement 22 20 CASH AND CASH EQUIVA LENTS AT THE END OFTHE YEAR Cash in hand* 0 0 Balances with banks in current account and deposit account 22 20 CASH AND CASH EQUIVALENTS - 22 20 *Items not presented due to rounding off to the nearest, crores ~& Co.~ 0 14th floor . ( ,-0 ,/2):1/ j Cenllal B V/ir,g and Norlh C w ,ng * Nesco IT Par\;4. * Nesco Center. Weslern fxpres~ Highway. ,!2 (1 Goregaon (Easl). :::S Mumbai • 400 063 ,f" ~7. ~ 0red Acco-v -
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RALLIS INDIA LIMITED A TAT.A Enterprise Registered Office: 23rd Floor, VIOS Tower at New Cuffe Parade, Off Eastern Freeway, Wada la, Mumbai- 400037. PART IV: SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES ('{ in Cr.) Particulars Quarter ended Quarter ended Quarter ended Half-year Half-year Vear ended 30 September, 2026 30June,2026 30 September, ended ended 31 March, 2026 2025 30 September, 30 September, 2026 2025 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1. Segment Revenue Agri inputs 835 1,012 861 1,847 1,818 2,876 Others 23 10 - 33 - 21 Total Revenue from Operations 858 1,022 861 1,880 1,818 2,897 2. Segment Results Agri Inputs 102 155 131 257 261 217 Others 9 6 1 15 (4) 11 Total Segment results 111 161 132 272 257 228 Add: Other income 8 13 10 21 22 42 Less : Central administration cost, director 3 4 2 7 6 10 remuneration, director fees and commission Finance costs 2 2 3 4 7 10 Profit before tax 114 168 137 282 266 250 3. Segment Assets Agri Inputs 3,076 3,201 2,743 3,076 2,743 2,685 Others 37 32 19 37 19 33 Total segment assets 3,113 3,233 2,762 3,113 2,762 2,718 Assets classified as held for sale 1 1 1 1 1 1 Unallocated 316 400 565 316 565 626 Total assets 3,430 3,634 3,328 3,430 3,328 3,345 4. Segment liabilities Agri Inputs 1,152 1,445 1,198 1,152 1,198 1,249 Others* 2 3 0 2 0 3 Total segment liabilities 1,154 1,448 1,198 1,154 1,198 1,252 Unallocated 84 78 78 84 78 so Total liabilities 1,238 1,526 1,276 1,238 1,276 1,302 *Items not presented due to rounding off to the nearest'{ crores
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Notes: 1 The above financial results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 22 October, 2026. The statutory auditors have expressed an unmodified review conclusion. 2 Financial results for all the periods presented have been prepared in accordance with the recognition and measurement principles of Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time. 3 The Company's business is seasonal in nature and the performance can be impacted by weather conditions and cropping pattern. 4 The Company has one reportable business segment viz. "Agri-lnputs" (Also Refer PART IV: SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES for further disclosures). 5 Exceptional items comprises of items as mentioned below :- (" in Cr.) Particulars Quarter ended Quarter ended Quarter ended Half year ended Half year ended Year ended 30 September, 30June,2026 30 September, 30 September, 30 September, 31 March, 2026 2026 2025 2026 2025 Profit on sale of flats/ freehold land 14 2 6 16 6 14 (net of costs) Impact of labour code on employee - - - - (40) benefits (refer note below) Total 14 2 6 16 6 (26) Impact of labour codes : On 21 November, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. Considering the materiality and regulatory-driven, non-recurring nature of this impact, the Company had presented incremental impact of ~40 crore under "Exceptional items" in the statement of profit and loss for the year ended 31 March, 2026. 6 During the quarter ended 30 June, 2026 and half year ended 30 September, 2026, the Company recorded a reversal of provision for performance incentives and certain provisions relating to retirals, together amounting to ~35 crore, arising from the harmonisation of salary structures across divisions and employee groups. 7 The Company has no Subsidiary, Associate or Joint Venture Company(ies), as on 30 September, 2026. 8 Amounts for the current and previous periods are rounded off to the nearest~ crores. 9 The results of the Company are available for investors at www.rallis.com, www.nseindia.com and www.bseindia.com. For and on behalf of Rallis India Limited Gyanendra Shukla Managing Director & CEO DIN : 02922133 Mumbai October 22, 2026
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BS R & Co. LLP Chartered Accountants 14th Floor, Central B Wing and North C Wing Nesco IT Park 4, Nesco Center Western Express Highway Goregaon (East), Mumbai - 400 063, India Telephone +91 (22) 6257 1000 Fax: +91 (22) 6257 1010 Limited Review Report on unaudited financial results of Rallis India Limited for the quarter ended 30 September 2026 and year to date results for the period from 1 April 2026 to 30 September 2026 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of Rallis India Limited 1. We have reviewed the accompanying Statement of unaudited financial results of Rallis India Limited (hereinafter referred to as "the Company") for the quarter ended 30 ·September 2026 and year to date results for the period from 1 April 2026 to 30 September 2026 ("the Statement"). 2. This Statement, which is the responsibility of the Company's management and approved by its 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, and other accounting principles generally accepted in India 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"). Our responsibility is to issue a report 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. 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 Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Mumbai 22 October 2026 For B S R & Co. LLP Chartered Accountants Firm's Registration No.: 101248W/W-100022 Mansi Pardiwalla Partner Membership No.: 108511 UDIN:26108511 CYTYQX4960 Registered Office: BS R & Co. (a partnership fim, with Registration No. BA61223) converted into BS R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of 1