Interim report
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SEDEMAC Innovative Controls SEDEMAC Mechatronics Limited Registered Office, Technical Center & Corporate Office: Survey No. 270/1/A/2, Pallod Farms, Baner Road, Baner, Baner Gaon, Haveli, Pune - 411045, Maharashtra, India. Tel: +91 20 6715 7200 Mfg. Facility I: G-1, MIDC, Phase- III, Chakan Industrial Area, Nighoje, Pune 410501, MH, India. Tel: +91 2135 623 200 Mfg. Facility II: Survey No.64/5, Bhide Baug Industrial Estate, Wadgaon Budruk, Pune 411041, MH, India. Tel: +91 20 6750 2200 e-mail: cs@sedemac.com Website: www.sedemac.com CIN: L29253PN2007PLC246956 November 03, 2026 To, To, BSE Limited, National Stock Exchange of India Limited, Corporate Relations Department, Listing Department, Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, G Block, Bandra Kurla Complex, Mumbai – 400001 Bandra (East), Mumbai – 400051 Scrip code: 544723 NSE Symbol: SEDEMAC Dear Sir/Madam, Sub: Outcome of Board Meeting held on November 03, 2026 Ref: Regulation 30 & 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In terms of the provisions of Regulation 30 (read with Part A of Schedule III) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors in its meeting held today, i.e. on Tuesday, November 03, 2026, have, inter-alia, considered and approved the following: 1. Unaudited Financial Results for the quarter and half year ended on September 30, 2026 along with the Limited Review Report. The Unaudited Financial Results for the quarter and half year ended on September 30, 2026 along with the Limited Review Report are attached herewith. The meeting of the Board of Directors commenced at 03:02 p.m. and concluded at 03:34 p.m. You are requested to kindly take note of the same. Thanking you, For SEDEMAC Mechatronics Limited Prasad Rajendra Chavan Company Secretary and Compliance Officer Membership No.: A49921 Encl: As above
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B S R & Co. LLP Chartered Accountants 8th Floor, Unit 802, Godrej Koregaon Park North Main Road, Mundhwa Pune, Maharashtra, 411001 Telephone: +91 (20) 4061 2200 Registered Office: B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S 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 2 Limited Review Report on unaudited financial results of SEDEMAC Mechatronics Limited for the quarter ended 30 September 2026 and year to date results for the period from 01 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 SEDEMAC Mechatronics Limited 1. We have reviewed the accompanying Statement of unaudited financial results of SEDEMAC Mechatronics Limited (hereinafter referred to as “the Company”) for the quarter ended 30 September 2026 and year to date results for the period from 01 April 2026 to 30 September 2026 (“the Statement”). Attention is drawn to the fact that the figures for the corresponding quarter ended 30 September 2025 and the corresponding period from 01 April 2025 to 30 September 2025, as reported in the Statement have been approved by the Company’s Board of Directors, but have not been subjected to review. 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
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B S R & Co. LLP Limited Review Report (Continued) SEDEMAC Mechatronics Limited Page 2 of 2 contains any material misstatement. For B S R & Co. LLP Chartered Accountants Firm’s Registration No.:101248W/W-100022 Kalpesh Khandelwal Partner Pune Membership No.: 133124 03 November 2026 UDIN:26133124ASNEEL4678
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(INR in Crores) Year Ended 30 September 2025 30 September 2025 Refer note 4 Refer note 4 Unaudited Unaudited Unaudited Unaudited Unaudited Audited I Revenue from operations 400.64 309.77 286.48 710.41 503.84 1,058.38 II Other income 0.61 0.86 1.23 1.47 2.12 5.27 III Total income (I+II) 401.25 310.63 287.71 711.88 505.96 1,063.65 IV Expenses Cost of materials consumed 277.40 200.20 177.06 477.60 320.03 662.11 Changes in inventories of finished goods and work- in-progress (18.30) (6.28) (1.88) (24.58) (10.39) (16.30) Employee benefits expense 25.26 24.16 23.16 49.42 42.93 86.61 Finance costs 5.87 2.32 2.47 8.19 4.90 8.53 Depreciation and amortization expense 19.78 16.37 14.80 36.15 27.89 63.48 Other expenses 40.71 32.52 27.08 73.23 45.41 109.03 Total expenses (IV) 350.72 269.29 242.69 620.01 430.77 913.46 V Profit before tax (III-IV) 50.53 41.34 45.02 91.87 75.19 150.19 VI Tax expense Current tax (refer note 3) 7.03 4.72 7.33 11.75 12.33 24.66 Deferred tax expense 4.32 3.31 7.55 7.63 15.65 21.95 Total tax expense 11.35 8.03 14.88 19.38 27.98 46.61 VII Profit for the period/year (V-VI) 39.18 33.31 30.14 72.49 47.21 103.58 VIII Other comprehensive income Items that will not be reclassified to profit or loss Remeasurements of defined benefit obligations 0.47 (1.58) 0.49 (1.11) (1.20) (0.39) Income-tax related to above item (0.12) 0.40 (0.17) 0.28 0.42 0.10 Other comprehensive income / (expense) for the period/year (net of tax) 0.35 (1.18) 0.32 (0.83) (0.78) (0.29) IX Total comprehensive income for the period/year (VII+VIII) 39.53 32.13 30.46 71.66 46.43 103.29 Paid-up equity share capital (face value of INR 10 per share) 44.17 44.17 0.03 44.17 0.03 44.16 Other equity 405.04 Earnings per equity share (nominal value of share INR 10)* -Basic (INR) 8.87 7.54 7.06 16.41 11.04 23.91 -Diluted (INR) 8.81 7.49 6.92 16.30 10.82 23.52 * EPS are not annualised for the interim periods. 30 September 2026 30 June 2026 SEDEMAC Mechatronics Limited Regd. Office : Survey No. 270/1/A/2, Pallod Farms, Baner Road, Baner, Baner Gaon, Haveli, Pune- 411045, Maharashtra, India CIN: L29253PN2007PLC246956 Tel: +91 20 6715 7200 Website: www.sedemac.com E-mail: cs@sedemac.com STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2026 Half Year Ended S. No. Quarter Ended Particulars 30 September 2026 31 March 2026
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SEDEMAC Mechatronics Limited Regd. Office : Survey No. 270/1/A/2, Pallod Farms, Baner Road, Baner, Baner Gaon, Haveli, Pune- 411045, Maharashtra, India CIN: L29253PN2007PLC246956 Tel: +91 20 6715 7200 Website: www.sedemac.com E-mail: cs@sedemac.com (INR in Crores) As at As at 30 September 2026 31 March 2026 Unaudited Audited I ASSETS Property, plant and equipment 220.12 166.46 Capital work-in-progress 62.53 20.27 Other intangible assets 64.83 66.86 Intangible assets under development 88.63 70.50 Right-of-use assets 144.16 19.95 Financial assets (i) Other financial assets 10.01 6.45 Other tax assets (net) 7.86 3.50 Other non-current assets 37.17 44.17 635.31 398.16 Inventories 287.81 188.31 Financial assets (i) Trade receivables 212.16 133.72 (ii) Cash and cash equivalents 0.70 7.34 (iii) Bank balances other than (ii) above 10.22 57.05 (iv) Other financial assets 1.91 4.56 Other current assets 38.39 24.56 551.19 415.54 1,186.50 813.70 II Equity Equity share capital 44.17 44.16 Other equity 477.90 405.04 522.07 449.20 Financial liabilities (i) Borrowings 92.45 29.88 (ii) Lease liabilities 92.63 15.99 Provisions 13.65 4.82 Deferred tax liabilities (net) 15.65 8.30 Other non-current liabilities 4.15 4.62 218.53 63.61 Financial liabilities (i) Borrowings 153.19 20.75 (ii) Lease liabilities 13.84 5.82 (iii) Trade payables (A) Total outstanding dues of micro enterprises and small enterprises 24.09 14.79 (B) Total outstanding dues of creditors other than micro enterprise and small enterprise 207.50 211.55 (iv) Other financial liabilities 30.30 28.63 Other current liabilities 5.09 10.13 Provisions 11.89 9.22 445.90 300.89 664.43 364.50 1,186.50 813.70 Total non-current liabilities Current liabilities STATEMENT OF ASSETS AND LIABILITIES S. No. Particulars Non-current assets Current assets Total current assets TOTAL ASSETS EQUITY AND LIABILITIES Total equity Total non-current assets Liabilities Non- current liabilities Total current liabilities Total liabilities TOTAL EQUITY AND LIABILITIES
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SEDEMAC Mechatronics Limited Regd. Office : Survey No. 270/1/A/2, Pallod Farms, Baner Road, Baner, Baner Gaon, Haveli, Pune- 411045, Maharashtra, India CIN: L29253PN2007PLC246956 Tel: +91 20 6715 7200 Website: www.sedemac.com E-mail: cs@sedemac.com (INR in Crores) Year ended 30 September 2026 30 September 2025 31 March 2026 Unaudited Unaudited Audited A Cash flows from operating activities Profit before tax 91.87 75.19 150.19 Adjustments for: Depreciation and amortization expenses 36.15 27.89 63.48 Impairment of intangible assets 1.67 - 1.20 Impairment of property, plant and equipment 0.25 - - Loss on sale of property, plant and equipment 0.17 - 0.01 Interest income on bank deposits (0.19) (0.25) (0.47) Interest income on security deposits (0.22) (0.15) (0.32) Interest income on IT refund (0.19) - - Gain on sale of mutual funds - (0.70) (1.71) Net unrealised gain on investments carried at fair value thorough profit or loss - (0.25) - Fair value loss / (gain) on financial instruments (0.05) (0.01) 0.27 Provision for expected credit losses - 0.16 0.68 Provision for obsolescence of inventories 1.34 1.15 2.30 Provision no longer required written back (0.21) - - Equity-settled share-based payments 0.90 0.23 1.53 Unrealised exchange (gain) / loss (net) (3.95) (0.60) 3.46 Income from government grant (0.58) (0.73) (2.74) Finance costs 8.19 4.90 8.53 OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES 135.15 106.83 226.41 Working capital adjustments: (Increase)/ Decrease in trade receivables (78.35) (23.50) (90.24) (Increase)/ Decrease in inventories (100.84) (7.39) (55.35) (13.83) (5.54) (17.47) (Increase)/ Decrease in other financial assets 0.14 (4.19) (0.40) (Increase)/ Decrease in security deposits (0.83) (0.33) (3.84) (Increase)/ Decrease in other non-current assets 0.24 1.20 0.56 Increase/ (Decrease) in trade payables 55.90 57.43 89.52 Increase/ (Decrease) in other current liabilities (4.92) 8.53 5.04 Increase/ (Decrease) in provisions 1.59 2.19 4.82 Increase/ (Decrease) in other financial liabilities 1.29 (2.47) (4.13) CASH GENERATED FROM OPERATIONS (4.46) 132.76 154.92 Income taxes paid (net) (15.92) (12.03) (26.90) Net cash generated from operating activities (20.38) 120.73 128.02 B Cash flows from investing activities (146.67) (63.94) (138.56) Proceeds from sale of property, plant and equipment - - 0.02 Expenditure on internally generated intangible assets (24.42) (16.11) (36.93) Interest received 0.16 0.25 0.47 Proceeds from sale of mutual funds - 216.50 373.05 Investments in mutual funds - (259.49) (351.95) Fixed deposits made during the period/year (9.25) (15.14) (15.40) Fixed deposits matured during the period/year 9.34 2.09 15.22 Government grant received 0.47 3.10 5.80 Net cash used in investing activities (170.37) (132.74) (148.28) C Cash flows from financing activities Proceeds from issue of share warrants - - 22.00 0.31 35.34 19.00 Proceeds from long term borrowings 70.00 10.67 20.55 Repayments of long term borrowings (6.29) (5.64) (11.30) Proceeds from short term borrowings 109.94 - - Repayments of short term borrowings - (15.46) (15.46) Principal payments of lease liabilities (2.81) (3.81) (8.39) Interest payments on lease liabilities (2.65) (0.93) (1.98) Interest paid (5.34) (4.39) (6.77) Net cash generated from financing activities 163.16 15.78 17.65 Net (decrease)/increase in cash and cash equivalents (A+B+C) (27.59) 3.77 (2.61) Cash and cash equivalents at the beginning of the period 0.23 2.53 2.53 Effect of exchange rate fluctuations on cash and cash equivalents held 0.13 0.75 0.31 Cash and cash equivalents at the end of the period (27.23) 7.05 0.23 Reconciliation of cash and cash equivalents as per the cash flow statement: Cash and cash equivalents 0.70 11.94 7.34 Cash credit facility from banks (27.93) (4.89) (7.11) Balance as per Cash flow statement (27.23) 7.05 0.23 (Increase)/ Decrease in other current assets Proceeds from issue of shares on exercise of stock options Purchase of property, plant and equipment, right-of-use assets, capital work-in-progess and intangible assets For the purpose of the statement of cash flows, cash and cash equivalents consist of cash and short-term deposits net of cash credit facility from banks which are repayable on demand as they are considered an integral part of the Company’s cash management. STATEMENT OF CASH FLOWS Particulars Half Year Ended
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SEDEMAC Mechatronics Limited Regd. Office : Survey No. 270/1/A/2, Pallod Farms, Baner Road, Baner, Baner Gaon, Haveli, Pune- 411045, Maharashtra, India CIN: L29253PN2007PLC246956 Tel: +91 20 6715 7200 Website: www.sedemac.com E-mail: cs@sedemac.com Segment wise revenue from operations, results, assets and liabilities Year Ended Particulars 30 September 2025 30 September 2025 Refer note 4 Refer note 4 Unaudited Unaudited Unaudited Unaudited Unaudited Audited A Segment revenue from operations -Mobility 366.35 281.04 240.02 647.39 423.28 910.57 -Industrial 34.29 28.73 46.46 63.02 80.56 147.81 Total revenue from operations 400.64 309.77 286.48 710.41 503.84 1,058.38 B Segment results -Mobility 49.42 39.09 38.57 88.51 65.42 129.98 -Industrial 5.19 3.96 7.85 9.15 12.69 22.96 Total 54.61 43.05 46.42 97.66 78.11 152.94 Less : Unallocable expenses (4.47) (2.31) (2.31) (6.78) (4.63) (7.70) Add : Unallocable income 0.39 0.60 0.91 0.99 1.71 4.95 Profit before tax 50.53 41.34 45.02 91.87 75.19 150.19 C Segment assets -Mobility 1,055.49 835.56 474.15 1,055.49 474.15 654.05 -Industrial 97.38 78.95 75.57 97.38 75.57 74.25 -Unallocable 33.63 28.55 104.71 33.63 104.71 85.40 Total assets 1,186.50 943.06 654.43 1,186.50 654.43 813.70 D Segment liabilities -Mobility 456.30 303.63 185.23 456.30 185.23 259.60 -Industrial 121.88 23.64 31.66 121.88 31.66 36.16 -Unallocable 86.25 122.49 52.16 86.25 52.16 68.74 Total liabilities 664.43 449.76 269.05 664.43 269.05 364.50 Notes : 1 2 3 4 5 6 For and on behalf of the Board of Directors of SEDEMAC Mechatronics Limited Date : 03 November 2026 Amit Arun Dixit Place : Pune Joint Managing Director DIN: 01288169 Income tax expense for the quarter ended 30 June 2026 includes a reversal of excess tax provision pertaining to earlier years amounting to INR 2.98 crores. The unaudited year to date results for the quarter ended 30 September 2025 and six monhts period ended 30 September 2025 has been compiled by the management and approved by the Board of Directors of the Company. The statutory auditors have not audited or carried out limited review procedure for the quarter ended 30 September 2025 and six months ended 30 September 2025. The Company has no subsidiary, associate or joint venture companies as on 30 September 2026. The above financial results are available on the Company's website (www.sedemac.com) and also on the websites of NSE (www.nse-india.com) and BSE (www.bseindia.com). The above financial results have been reviewed by the Audit Committee and thereafter approved and taken on record by the Board of Directors in their meetings held on 03 November 2026. These financial results have been prepared in accordance with the Indian Accounting Standards ("Ind-AS") as per the Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time, notified under section 133 of the Companies Act, 2013 ("Act") and other relevant provisions of the Act. The statutory auditors of the Company have conducted a limited review on the above financial results of the Company for the quarter and half year ended 30 September 2026. An unqualified review conclusion has been issued by them thereon. During the year ended 31 March 2026, the Company has completed its Initial Public Offering (IPO) of 80,43,300 equity shares face value of INR 10 each at an issue price of INR 1,352 per share (including a share premium of INR 1,342 per share). A discount of INR 128 per share was offered to eligible employees bidding in the employee reservation portion of 8,169 equity shares. The issue comprised of an offer for sale of 80,43,300 equity shares by selling shareholders agrregating to INR 1,087.45 crores. The Company's equity shares were listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on 11 March 2026. 31 March 2026 30 September 2026 30 September 2026 30 June 2026 Quarter Ended S.No. Half Year Ended