Interim report
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ROLEX RINGS LIMITED [CIN: L28910GJ2003PLC041991] Regd. Office:-BEHIND GLOWTECH STEEL PRIVATE LIMITED, GONDAL ROAD, KOTHARIA, RAJKOT Phone: (281) 2782577/2782677 Email: compliance@rolexrings.com website. www.rolexrings.com Ref. RolexRings/Reg33/Results-September 2026/ 1 04th November, 2026 To, Corporate Relationship Department, BSE Limited, Phiroze JeeJeebhoy Towers, Dalal Street, Mumbai-400001 Script Code: 543325 To National Stock Exchange of India Limited Exchange Plaza, C-1, Block G Bandra Kurla Complex Bandra (E), Mumbai – 400 051 Script Symbol: ROLEXRINGS Sub: Outcome of Board Meeting held on Wednesday, 04th November, 2026 Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Oblig ations and Disclosure Requirements) Regulations, 2015 and amendments thereof, we would like to inform you that the meeting of Board of Directors of the Company was held today i.e. Wednesday, 04th November, 2026 and transacted the following: 1. Considered and approved Standalone Unaudited Financial Results for the quarter and half year ended on 30 th September, 2026 along with Auditor’s Limited Review Report thereon; The said financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company, at their meeting held today. In this connection, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we are enclosing herewith the following documents: 1. Unaudited Financial Results for the quarter and half year ended on 30 th September, 2026 and Limited Review Report issued by Statutory Auditors of the Company 2. Statements of Assets and Liabilities 3. Cash Flow Statement The Meeting was and concluded at 01:10 PM Thanking You, Yours faithfully, For Rolex Rings Limited _______________________ Hiren D. Doshi CFO
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SRBC&cCOLLP Chartered Accountants 21st Floor, B Wing, Privilon Ambli BRT Road, Behind Iskcon Temple Off SG Highway. Ahmedabad - 380 059, india Tel: +91 79 6608 3900 Independent Auditor’s Review Report on the Quarterly and Year to Date Unaudited Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Rolex Rings Limited k. We have reviewed the accompanying statement of unaudited financial results of Rolex Rings Limited (the “Company™) for the quarter ended September 30, 2026 and year to date from April 01, 2026 to September 30, 2026 (the “Statement”) attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations™). The Company’s Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company’s Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 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. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is Iree of material misstatement. 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. 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 (‘Ind AS’) specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For SRBC & COLLP Chartered Accountants ICAI Firm registration number: 324982E/E300003 (ot —- per Sumit Kumar Agrawal Partner Membership No.: 135859 UDIN: 2612 S6SQMYFRUWF339 Place: Pune Date: November 04, 2026 SRB.CHCOLLP, 8 Limited Lispilly Partnersnip witn LLP Igentity No, AAB 4318 Regd. Office : 22, Camac Streat, Bloch B’ 3rd Floor, Koikala 700 016
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ROLEX RINGS LIMITED [CIN: L28910GJ2003PLC041991] Regd. Office:- BEHIND GLOWTECH STEEL PRIVATE LIMITED, GONDAL ROAD, KOTHARIA, RAIKOT Phone: 0281 2782577 Email: compliance@rolexrings.com website. wwuw.rolexrings.com Statement of Assets and Liabilities as at September 30, 2026 (Z_in Millions, except as stated otherwise ) Particulars As at 30.09.2026 As at 31.03.2026 Unaudited Audited Assets Non-current assets Property, plant and equipment 4,359.49 446224 Capital work-in-progress 394.99 385.82 Intangible assets 658 731 Intangible assets under development 2.00 - Financial assets () Other financial assets 239.75 20027 Income tax assets (net) 155.31 155.58 Other non-current assets 33.75 19.36 Total non-current assets 5,191.87 5,230.58 Current assets Inventories 2,990.10 2,349.84 Financial assets (a) Investments. 1,786.02 2,882.46 (b) Trade receivables 2,668.47 2,196.27 (c) Cash and cash equivalents 729.80 693.06 (d) Bank balances other than Cash and cash equivalents 90.49 98.51 () Loans 031 030 (f) Other financial assets 10.46 45.19 Other current assets 262.43 21525 Total current assets 8,538.08 8,480.88 Total Assets 13,728.85 13,711.46 Equity and liabilities Equity Equity Share Capital 262.33 272.33 Other equity 11,394.62 11,863.44 Total equity 11,656.95 12,135.77 Liabilities Non-Current liabilities: Provisions 40.05 40.71 Deferred tax liabilities (net) 518.70 508.32 Total non-current liabilities 558.75 549.03 Current liabilities: Financial iabilities (a) Trade payables ~ Total outstanding dues of Micro Enterprises and Small Enterprises 118.42 85.37 _ Total outstanding dues of creditors other than Micro Enterprises & Small Enterprises 1172.58 835.16 (b) Other financial liabilties 69.76 73.19 Other liabiliies 10.00 1023 Provisions 22,60 19.38 Current tax liabilities (net) 120.89 333 Total current liabilities 1,514.25 1,026.66 Total liabilities 2,073.00 1,575.69 Total Equity and Liabilities 13,729.95 13,711.46 {see accompanying notes (o the financial results) = For Rolex Rings Limited y AANGS X 0/> / S N\ A 'z Y/ 4 4 \1'_*‘1 Sif| Manesh Madeka Date: November 04, 2026 \J\V <£'7 74 gmig:\gg;réde Managing Director Place: Rajkot — : SIGHED FOR IDENTIFICATION PURPOSES ONLY SRBc & Co SRBC & CO LLP
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ROLEX RINGS LIMITED [CIN: L28910G12003PLC041991] Phone: 0281 6699577 |: compliance @rolexrings.com website. wwuw.rolexrings.com Regd. Office:- BEHIND GLOWTECH STEEL PRIVATE LIMITED, GONDAL ROAD, KOTHARIA, RAJKOT STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2026 (% in Millions except as stated otherwise ) Quarter Ended Half Year Ended Year Ended Srio Particulars 30.09.2026 | 30.06.2026 | 30.09.2025 | 30.09.2026 | 30.09.2025 | 31.03.2026 Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited 1 |income Revenue from operations [refer note 4] 380183 | 304337 2,713.83 693520 562966| 1143495 Other income 151.72 198.36 143.58 350.08 29964 50253 Total Income 204355 3,241.73 2,857.41 728528 | 5929.30| 11,957.48 2 |Expenses Cost of raw materials and components consumed 182064 | 144126 1,383.31 327090 281857 542244 (Increase) / Decrease in inventories of inished goods and work- in-progress. (264.10) (91.13) (70.40) (355.23) (68.39) 12494 Employee benefits expense 20655 196.10 186.25 402565 36262 719.88 Finance costs 7.00 234 781 9.34 961 14.43 Depreciation and amortization expenses 9147 90.38 93.26 181.85 183.28 371.25 Other expenses. 1.176.67 809.94 686.27 1,986.61 1,352.67 286524 Total Expenses 3,047.23 | 2,448.89 2,266.50 5496.12| 4658.42 9,518.18 3 |Profit from the operations before tax [1-2] 99632 79284 590.91 1,789.46 | 1,270.88 2,419.30 Exceptional items net [refer note 5] - - - - 516.41 4 |Profit before tax 99632 792.84 590.91 178946 | 1,270.88 190289 5 |Taxexpense Current tax 265.24 173.39 14574 438.63 301.27 35282 Deferred tax (credit)/expenses (8.30) 18.05 1.79 975 3467 139.09 Total tax expense 256.94 191.44 147.53 448.38 335.94 491.91 6 |NetProfit after tax [4-5] 739.38 601.40 443.38 1,340.78 934.94 1.410.98 7 |Other comprehensive income (net of tax) tems that will not be reciassified to profit and loss in subsequent periods: Re-measurement gain/(loss) on defined benefit plans 1.25 124 (0.25) 249 (0.50) 497 income tax effect on above (0.32) (0.31) 0.07 (0.63) 013 (1.25) other comprehensive incomel(loss) for the quarter/year ended, net of tax 093 093 ©.18) 1.86 (©.37) 372 g [Total comprehensive income for the quarterihalf yearlyear ended [6+71 74031 602.33 443.20 1,342.64 934.57 1,414.70 o |Paid-up equity share capital (face value Z 1/- per share) 26233 272.33 27233 26233 27233 272.33 10 |Other equity 11,863.44 11 |EPS [not annualized for quarters & half years figures] Basic () 278 221 163 499 3.43 5.18 Diluted ) 278 221 163 499 343 518 {58% accompanying noles 1 the financial resulis) URFC is e c:F‘roqmevnFmAflow' BC & CO LLP
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ROLEX RINGS LIMITED [CIN: L28910G12003PLC041991] Regd. Office:- BEHIND GLOWTECH STEEL PRIVATE IMITED, GONDAL ROAD, KOTHARIA, RAIKOT Phone: 0281 6699577 Email: compliance@rolexrings.com website. www.rolexrings.com Notes: 4 These unaudited financial results of the Company for quarter and halfyear ended September 30, 2026 have been reviewed by the Audit Committee and Ihoroafter approved by the Board of Directors at thei respective meetings ‘heid on November 04, 2026. The financial results are prepared in accordance with the Indian Accounting Standards (ind AS) as prescribed under ‘Section 133 of the Companies Act, 2013 and other recognised ‘accounting practices and policies to the extent applicable. » The Company's business falls within single business segment o diversified 2uto components, Hene, disclosures under Ind AS 108- Operating Segments are not reported separately. 3 The Board of Directors on April 23, 2026 and the shareholders through postal ballot on May 31, 2026 approved the buyback of up to 10,000,000 equity shares (representing 3.76% of the paid-up equity share capital) from eligible equity shareholders other than the promoters, promoter group and persons in control of the Company, at a price of INR 180 per share for an aggregate consideration not exceeding INR 1,800 milion, in accordance with the Securities and Exchange Board of India (Buy-back of Securities) Regulations. 2018, the Companies Act, 2013 and the rules made thereunder. During the quarter ended September 30, 2026, the Company concluded the buyback of 10,000,000 equity shares (at a price of Rs. 180 per equity shares) as approved by Board of Directors, This has resulted n a ttal cash e ow of INR.1821.48 millon (incuding transaction cost related 1o buyback of INR 21.46 o liony. In e with recuirement of the Comparies Act, 2013 an amoutt 5 INR1790.00 illion and INR 21,46 millon has been utiised from share premium "nd rotain eamings respectively. Further Capital Redemption Reserves (inciuded in other reserves) of INR 10.00 milfon (representng e nominal value of the shares buyback has been creafed as an apportionment from rotained eamings. Consequent {o such buyback, the paid up equity share capitel has reduced by INR 10.00 million. 4 During the quarter ended September 30, 2026, the Company has accounted income towards refund of US tarifs levied under the International Emergency Economic Powers Act (IEEPA) for ¥180.34 milion (quarter F ded June 30, 2026: 36,63 millon), aggregating to 216.97 million for the half year ended September 30, 2026. 5 Details of exceptional items Expense (net) 5(a) During the year ended March 31, 2028, the Company entered info a full and final settiement with the Consortium of Banks towards the Right to Recompense (RoR) matter for INR 1,010 milion. Aceordingly, the Company recognised the diferential amount ‘of INR 504 million as an exceptional item during the year ended March 31, 2026, over and above the provision of INR 506 millon recognised up to March 31, 2025, The settlement amount was paid on March 31, 2026. 5(b) On 21 Noverber 2025, the Govemment of India noified four Labour Codes effective immediately replacing the existing 29 labour laws. The impact of implementation of the Labour Godes has resulted in increase of INR 12.41 millon in the liabiltes for defined benefit obligation. Considering ot the impact arising from the enactment of the new legisiation s 2% ‘event of a non-recurring nature, the Company presented this incremental amount as an “Exceptional flem’ n the Statement of Profitand Loss for the year ended March 31, 2026. & Statement of cash flow for the half year ended September 30, 2026 and September 30, 2025 is given in annexure 1. For Rolex Rings Limited J/(Y Manesh Madeka ! Chairman and Managing Director DIN:01629788 k) Date: November 04, 2026 Place: Rajkot SIGNED FOR IDENTIFICAT o l PURPUSLS ONLY = SRBe & co SRABC & CO LLP
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Z==ROLLED RING ROLEX RINGS LIMITED [CIN: L289106)2003PLC041991] Regd. Office:- BEHIND GLOWTECH STEEL PRIVATE LIM Phone: 0281 6699577 ompliance@rolexrings.com website. www.rolexrings.com ITED, GONDAL ROAD, KOTHARIA, RAJKOT Annexure | Statement of Cash Flows for half year ended September 30, 2026 for the half year ended Tor the half year ended Particulars 30.09.2026 30.09.2025 Unaudited Unaudited Cash Flow from operating activities Profit before tax 1,789.16 1,270.88 Adjustment to reconcile profit before tax to net cash flows Depreciation and amortization charges 181.85 183.28 (Gain) / Loss on sale of property, plant and equipment (nef) (19.88) 0.01 Finance cost 9.34 961 Reversal of for doubtful advances (0.05) - Unrealised gain on foreign exchange (net) (26.68) (74.90) Eai value gain on financial instrument at fair value through profit and foss (nef) (151.17) (99.59) Interest income (2001) (8.94)| Operating profit bafore working capital changes 1,762.56 1,280.35 Working capital adjustments: Increase in trade payables 37150 31.19 Increase / (Decrease) in other financial liabilties, other liabilies and provisions 033 (31.34) (Increase) / Decrease in trade receivables (454.37) 115.49 (increase) in inventories (640.26) (184.13) (increase) in loans, other financial assets and other assets (14.09) (70.47) Gash generated from operations 1,025.67 1141.39 Direct taxes paid (net of refunds) (320.80) (294.33) Net cash flows generated from operating activities (A) 704.87 847.06 Cash flows from investing activities : burchase of property, plant and equipment and intangible assets, (including capital advances) and capital work in progress (106.26) (126.79) Proceeds from sale of property, plant and equipment 23.27 012 Investment in deposits with original maturity more than three months (29.78) (7.59) Purchase of current investments in mutual funds (867.02)] (807.94) Proceeds from redemption of current investments in mutual funds 2,114.63 498.65 Interest received 20.01 8.94 Not cash flows from / {used in) investing activities (B) 1,164.85 (434,61 Cash flows from financing activities : (Repayment) of short-term borrowings (nef) - (140.42) Payment towards Buy back of Equity Shares, including transacion cost (1,821.46) - Interest paid (9.34) (9.53) Not cash flows (used in) financing activities (C) {1,830.80) (149.95) Net Increase in cash and cash equivalents (A + B + C) 28.92 262.50 Cash and cash equivalents at the beginning of the year 693.06 488.81 Adjustment for unrealised gain on Earers Foreign Currency (EEFC) accounts 7.82 23.28 Gash and cash equivalents at the end of the period 729.80 774.59 Components of cash and cash equivalents: Cash on hand 034 022 Balances with banks - On current accounts 8.00 5.66 In Exchange Eamers Foreign Currency (EEFC) accounts 692.19 768.71 - In fixed deposits 2927 - Total cash and cash equivalents 729.80 774.59 (see accompanying notes to the financial results) 1GN! URP WA | E: SRBe & Co