Interim report
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30th October, 2026 To, National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1, G-Block, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Trading Symbol: SHARDACROP BSE Limited Phiroze Jeejeebhoi Tower, Dalal Street, Mumbai – 400 001 Scrip Code: 538666 Dear Sir/Madam, Re.: Outcome of Board Meeting held on 30 th October, 2026 of Sharda Cropchem Limited (“Company”). We would like to inform you that we have held the Board Meeting of our Company on Friday, 30th October, 2026 at 11:45 am at our registered office. The meeting concluded at 1:15 pm The following matters were discussed: • The Board of Directors considered, approved and took on record the Unaudited Financial Results (Standalone & Consolidated) for the quarter & half year ended 30th September, 2026 pursuant to Regulation 33 of SEBI (Listing Obli gations and Disclosure Requirements) Regulations, 2015. The copy of the Una udited Financial Results (Standalone & Consolidated) of the Company together wit h Limited Review Report (unmodified opinion) from the Auditors for the quarter & half year ended 30 th September, 2026 is enclosed herewith. • All the other items of the Agenda were approved. We request you to take the same on record. Thanking you, Yours Sincerely, For SHARDA CROPCHEM LIMITED ________________ JETKIN GUDHKA COMPANY SECRETARY & COMPLIANCE OFFICER Encl: As above
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B S 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 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 5 Limited Review Report on unaudited consolidated financial results of Sharda Cropchem 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 Sharda Cropchem Limited 1. We have reviewed the accompanying Statement of unaudited consolidated financial results of Sharda Cropchem Limited (hereinafter referred to as “the Parent”), and its subsidiaries (the Parent and its subsidiaries together referred to as “the Group”) 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”), being submitted by the Parent pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). 2. This Statement, which is the responsibility of the Parent’s management and approved by the Parent’s 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 Listing Regulations. Our responsibility is to express a 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. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the following entities mentioned in Annexure I to the Statement. 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors/ independent practitioners referred to in paragraphs 6 and 7 below, 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.
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B S R & Co. LLP Limited Review Report (Continued) Sharda Cropchem Limited Page 2 of 5 6. We did not review the interim financial results of eight subsidiaries included in the Statement, whose interim financial results reflects total assets (before consolidation adjustments) of Rs. 75,762 lakhs as at 30 September 2026 and total revenues (before consolidation adjustments) of Rs. 33,304 lakhs and Rs. 63,544 lakhs, total net profit after tax (before consolidation adjustments) of Rs. 916 lakhs and Rs. 663 lakhs, and total comprehensive income (before consolidation adjustments) of Rs. 913 lakhs and Rs. 652 lakhs for the quarter ended 30 September 2026 and for the period from 1 April 2026 to 30 September 2026 respectively, and cash outflows (net) (before consolidation adjustments) of Rs. 357 lakhs for the period from 1 April 2026 to 30 September 2026. as considered in the Statement. These interim financial results have been reviewed by other independent practitioner whose reports have been furnished to us by the Parent’s management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the independent practitioner and the procedures performed by us as stated in paragraph 3 above. Our conclusion is not modified in respect of this matter. 7. We did not review the interim consolidated financial results of one subsidiary located outside India whose interim consolidated financial results (including financial results of its eight step-down subsidiaries) reflect total assets (before consolidation adjustments) of Rs. 57,768 lakhs as at 30 September 2026 and total revenue (before consolidation adjustments) of Rs. 30,992 lakhs and Rs. 57,516 lakhs, total net profit after tax (before consolidation adjustments) of Rs. 4,173 lakhs and Rs. 9,034 lakhs, and total comprehensive income (before consolidation adjustments) of Rs. 4,399 lakhs and Rs. 9,327 lakhs , for the quarter ended 30 September 2026 and for the period from 1 April 2026 to 30 September 2026 respectively, and cash inflows (net) of Rs. 2,650 lakhs for the period from 1 April 2026 to 30 September 2026, as considered in the unaudited consolidated financial results have been prepared in accordance with accounting principles generally accepted in the country of incorporation of the subsidiary and which have been reviewed by other auditor under generally accepted auditing standards applicable in the country of incorporation of the subsidiary. The Parent’s management has converted the interim consolidated financial results of such consolidated subsidiary located outside India from accounting principles generally accepted in the country of incorporation of the subsidiary to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Parent’s management. Our opinion in so far as it relates to the balances and affairs of such consolidated subsidiary located outside India is based on the report of other auditor and the conversion adjustments prepared by the management of the Parent and reviewed by us. Our conclusion is not modified in respect of this matter. 8. The Statement includes the interim financial information of nineteen subsidiaries which have not been reviewed, whose interim financial information reflects total assets of Rs. 78 lakhs as at 30 September 2026 and total revenues (before consolidation adjustments) of Rs. Nil and Rs. Nil, total net profit / (loss) after tax (before consolidation adjustments) of Rs. (21) lakhs and Rs. 34 lakhs and total comprehensive income / (loss) (before consolidation adjustments) of Rs. (21) lakhs and Rs. 34 lakhs, for the quarter ended 30 September 2026 and for the period from 1 April 2026 to 30 September 2026 respectively, and cash inflows (net) of Rs. 12 lakhs for the period from 1 April 2026 to 30 September 2026, as considered in the Statement. According to the information and explanations given to us by the Parent’s management, the interim financial information is not material to the Group. Our conclusion is not modified in respect of this matter.
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B S R & Co. LLP Limited Review Report (Continued) Sharda Cropchem Limited Page 3 of 5 For B S R & Co. LLP Chartered Accountants Firm’s Registration No.:101248W/W-100022 Burjis Pardiwala Partner Mumbai Membership No.: 103595 30 October 2026 UDIN:26103595DHLWUJ2315 Burjis Tehmurasp Pardiwala Digitally signed by Burjis Tehmurasp Pardiwala Date: 2026.10.30 13:08:28 +05'30'
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B S R & Co. LLP Limited Review Report (Continued) Sharda Cropchem Limited Page 4 of 5 Annexure I List of entities included in unaudited consolidated financial results. Sr. No Name of component Relationship 1 Sharda Cropchem Limited Parent 2 Axis Crop Science Private Limited Wholly Owned Subsidiary 3 Nihon Agro Service Kabushiki Kaisha Wholly Owned Subsidiary 4 Sharda Agrochem Dooel Skopje Wholly Owned Subsidiary 5 Sharda Balkan Agrochemicals Limited Wholly Owned Subsidiary 6 Sharda Cropchem Espana, S.L. Wholly Owned Subsidiary 7 Sharda Cropchem Tunisia SARL Subsidiary 8 Sharda De Guatemala S. A. Subsidiary 9 Sharda Del Ecuador CIA. LTDA Subsidiary 10 Sharda Do Brasil Comercio De Produtos Quimicos E Agroquimicos LTDA Subsidiary 11 Sharda Dominicana S.R.L. Subsidiary 12 Sharda EL Salvador S.A. DE CV Subsidiary 13 Sharda Hungary Kft Wholly Owned Subsidiary 14 Sharda Italia SRL Subsidiary 15 Sharda Peru SAC Subsidiary 16 Sharda Poland SP. ZO.O Wholly Owned Subsidiary 17 Sharda Australia Pty Ltd Wholly Owned Subsidiary 18 Sharda Swiss SARL Wholly Owned Subsidiary 19 Sharda Taiwan Limited Wholly Owned Subsidiary
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B S R & Co. LLP Limited Review Report (Continued) Sharda Cropchem Limited Page 5 of 5 20 Sharda Ukraine LLC Wholly Owned Subsidiary 21 Sharda USA LLC Wholly Owned Subsidiary 22 Shardacan Limited Wholly Owned Subsidiary 23 Sharda Maroc SARL Subsidiary 24 Shardaserb DO.O. Wholly Owned Subsidiary 25 Sharda Private (Thailand) Limited Subsidiary 26 Sharda Cropchem Israel Limited Wholly Owned Subsidiary 27 Sharda Agrochem Limited Wholly Owned Subsidiary 28 Euroazijski Pesticide d.o.o Wholly Owned Subsidiary 29 Sharda International FZCO (formerly known as Sharda International DMCC) (Including its following subsidiaries) Wholly Owned Subsidiary a) Sharda Agrochemicals FZCO Wholly Owned Subsidiary b) Siddhivinayak International Limited (Including its following subsidiaries) Wholly Owned Subsidiary i) Sharda International Africa (PTY) Ltd. Wholly Owned Subsidiary ii) Sharda Europe BVBA Wholly Owned Subsidiary iii) Sharda Bolivia SRL Subsidiary iv) Sharda Colombia S.A.S Subsidiary v) Sharda De Mexico S. De RL DE CV Subsidiary vi) Sharpar S.A. Subsidiary
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(INR in Lakhs) Year ended 1 Income (a) Revenue from operations 105,168.19 107,376.81 92,911.27 212,545.00 191,392.73 526,758.52 (b) Other income ( refer note 3) 4,463.02 3,452.57 2,937.29 7,915.59 6,185.97 10,554.74 Total income 109,631.21 110,829.38 95,848.56 220,460.59 197,578.70 537,313.26 2 Expenses (a) Cost of materials consumed 26,827.22 37,351.51 37,620.89 64,178.73 76,677.49 222,889.39 (b) Purchase of stock in trade 44,968.07 47,640.60 42,387.80 92,608.67 73,920.78 124,605.13 (c) Changes in inventories of finished goods and stock in trade (4,420.31) (17,016.31) (19,170.90) (21,436.62) (26,197.93) (9,774.17) (d) Employee benefit expenses 1,785.60 1,765.79 1,234.26 3,551.39 2,727.17 6,669.38 (e) Finance costs 90.19 180.54 34.29 270.73 89.93 175.69 (f) Foreign exchange (gain)/loss (net) 37.20 (753.46) 607.18 (716.26) (6,702.09) (3,669.16) (g) Depreciation and amortisation expenses 10,035.34 10,027.25 7,617.54 20,062.59 15,425.34 32,450.99 (h) Other expenses (refer note 3) 19,559.16 19,790.95 16,945.09 39,350.11 36,151.71 78,415.40 Total Expenses 98,882.47 98,986.87 87,276.15 197,869.34 172,092.40 451,762.65 3 Profit / (loss) before tax (1-2) 10,748.74 11,842.51 8,572.41 22,591.25 25,486.30 85,550.61 4 Tax expense (a) Current tax 718.63 3,246.99 1,057.41 3,965.62 4,375.59 14,737.22 (b) Adjustment of tax relating to earlier years 34.95 (76.17) (4.16) (41.22) 8.31 (832.13) (c) Deferred tax charge / (credit) 822.43 (129.96) 83.54 692.47 (612.96) 3,546.37 Total tax expense 1,576.01 3,040.86 1,136.79 4,616.87 3,770.94 17,451.46 5 Net profit / (loss) for the period / year (3-4) 9,172.73 8,801.65 7,435.62 17,974.38 21,715.36 68,099.15 6 Other comprehensive income / (loss) A (i) Items that will not be reclassified to profit or loss 18.22 (0.91) (14.77) 17.31 (12.04) (3.19) (ii) Income tax relating to items that will not be reclassified to profit or loss (4.59) 0.23 3.72 (4.36) 3.03 0.80 B (i) Items that will be reclassified to profit or loss (492.32) 1,981.56 703.27 1,489.24 1,203.91 6,334.62 Total other comprehensive income / (loss) (478.69) 1,980.88 692.22 1,502.19 1,194.90 6,332.23 7 Total comprehensive income / (loss) for the period / year (5+6) 8,694.04 10,782.53 8,127.84 19,476.57 22,910.26 74,431.38 8 Net profit / (loss) for the period / year Attributable to : Equity holders of the parent 9,178.74 8,803.75 7,431.46 17,982.49 21,709.55 68,086.10 Non controlling interest (6.01) (2.10) 4.16 (8.11) 5.81 13.05 9 Total comprehensive income / (loss) for the period / year Attributable to : Equity holders of the parent 8,700.04 10,784.40 8,123.51 19,484.44 22,904.26 74,417.92 Non controlling interest (6.00) (1.87) 4.32 (7.87) 6.00 13.46 10 Paid-up equity share capital (Face value of the share Rs 10/- each) 9,022.05 9,022.05 9,022.05 9,022.05 9,022.05 9,022. 05 11 Other Equity 304,626.72 12 Earnings per share (not annualised*) Basic (Face value per Share Rs.10/- each) 10.17 9.76 8.24 19.93 24.06 75.47 Diluted (Face value per Share Rs.10/- each) 10.17 9.76 8.24 19.93 24.06 75.47 *Quarterly & half yearly earnings per share is not annualised. Notes: 1 2 3 Other expenses/ (income) incl udes loss / (gain) on fair valuation of investments as under: (INR in Lakhs) Year ended September 30, 2026 (Unaudited) June 30, 2026 (Unaudited) September 30, 2025 (Unaudited) September 30, 2026 (Unaudited) September 30, 2025 (Unaudited) March 31, 2026 (Audited) Loss / (Gain) on fair valuation of investments (240.07) (367.48) (24 3.58) (607.55) (516.58) 1,115 .92 4 5 SHARDA CROPCHEM LIMITED STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 Registered Office: 2nd Floor, Prime Business Park, Dashrat hlal Joshi Road, Vile Parle (West), Mumbai – 400 056. CIN: L51909MH2004PLC145007 September 30, 2026 (Unaudited) Particulars Quarter ended June 30, 2026 (Unaudited) September 30, 2025 (Unaudited) September 30, 2026 (Unaudited) March 31, 2026 (Audited) The Company has 36 subsidiaries (incl uding 8 step down subsidiaries of one of the subsidiary) as on September 30, 2026. Sr No September 30, 2025 (Unaudited) Half year ended The aforesaid financial results have been re viewed by the Audit Committee and approved by the Board of Directors at their meeting held on October 30, 2026. The statutory auditors have expressed an unmodified conclusion on these results. The financial results for all the periods pres ented 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. One of the major segments of the Group, viz "Agrochemicals", is seasonal in nature and the performance can be impacted by cropp ing pattern and weather conditions across the globe. Accordingly, quarterly figures are not representative of the other quarters and full year's performance. Particulars Quarter ended Half year ended RAMPRAKA SH VILASRAI BUBNA Digitally signed by RAMPRAKASH VILASRAI BUBNA DN: c=IN, postalCode=400050, st=MAHARASHTRA, street=PLEASANT PARK, FLAT NO-501, PLOT NO-461 ,24TH ROAD ,MUMBAI,BANDRA WEST ,400050, l=MUMBAI, o=Personal, serialNumber=87a216501324105ac28556619d822cc 05b4a96ba692c8c34ad031c833a6bef60, pseudonym=d3bedc62bb114eee819bcbb486c633e 3, 2.5.4.20=20a80ab733c0131779cb7f92ef508450e1c7 e94b1870cde392de86394aec3795, email=CO.SEC@SHARDAINTL.COM, cn=RAMPRAKASH VILASRAI BUBNA Date: 2026.10.30 13:00:52 +05'30'
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(INR in Lakhs) As at As at September 30, 2026 March 31, 2026 (Unaudited) (Audited) ASSETS Non-current assets Property, plant and equipment 208.00 252.79 Right of use assets 2,374.12 - Other intangible assets 105,927.87 98,622.26 Intangible assets under development 30,376.37 24,723.63 Financial assets Other financial assets 5,893.63 5,830.10 Other non-current assets 1,197.40 2,101.44 Other tax assets (net) 1,719.29 332.32 Deferred tax assets (net) 3,138.38 2,357.60 Total non-current assets 150,835.06 134,220.14 Current assets Inventories 152,896.33 111,956.94 Financial assets Investments 36,288.26 36,144.84 Trade receivables 146,093.59 238,928.09 Cash and cash equivalents 29,901.15 21,982.01 Bank balances other than cash and cash equivalents 43.46 7.46 Other financial assets 19,115.77 13,049.94 Other current assets 30,739.44 21,740.58 Total current assets 415,078.00 443,809.86 TOTAL ASSETS 565,913.06 578,030.00 EQUITY AND LIABILITIES Equity Equity share capital 9,022.05 9,022.05 Other equity 315,979.90 304,626.72 Equity attributable to equity holders of the Company 325,001.95 313,648.77 Non-controlling interests 46.90 54.80 Total equity 325,048.85 313,703.57 Liabilities Non-current liabilities Financial liabilities Lease liabilities 1,515.37 - Other financial liabilities 2,046.21 3,544.19 Provisions 24.18 34.22 Deferred tax liabilities (net) 23,604.32 22,128.56 Total non-current liabilities 27,190.08 25,706.97 Current liabilities Financial liabilities Lease liabilities 907.84 - Trade payables total outstanding dues of micro enterprises and small enterprises 714.73 766.98 total outstanding dues of creditors other than micro enterprises and small enterprises 143,107.79 149,099.02 Other financial liabilities 52,354.01 64,157.05 Other current liabilities 7,493.13 14,962.11 Provisions 8,587.48 9,036.34 Current tax liabilities (net) 509.15 597.96 Total current liabilities 213,674.13 238,619.46 TOTAL EQUITY AND LIABILITIES 565,913.06 578,030.00 SHARDA CROPCHEM LIMITED UNAUDITED CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2026 Registered Office : 2nd Floor, Prime Business Park, Dashrathlal Joshi Road, Vile Parle (West), Mumbai – 400 056. CIN : L51909MH2004PLC145007 Particulars RAMPRAKAS H VILASRAI BUBNA Digitally signed by RAMPRAKASH VILASRAI BUBNA DN: c=IN, postalCode=400050, st=MAHARASHTRA, street=PLEASANT PARK, FLAT NO-501, PLOT NO-461 ,24TH ROAD ,MUMBAI,BANDRA WEST ,400050, l=MUMBAI, o=Personal, serialNumber=87a216501324105ac28556619d822cc05b4 a96ba692c8c34ad031c833a6bef60, pseudonym=d3bedc62bb114eee819bcbb486c633e3, 2.5.4.20=20a80ab733c0131779cb7f92ef508450e1c7e94b1 870cde392de86394aec3795, email=CO.SEC@SHARDAINTL.COM, cn=RAMPRAKASH VILASRAI BUBNA Date: 2026.10.30 13:01:09 +05'30'
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(INR in Lakhs) Half Year ended Half Year ended September 30, 2026 September 30, 2025 (Unaudited) (Unaudited) Cash flows from operating activities 22,591.25 25,486.30 20,062.59 15,425.34 Unrealised exchange loss / (gain) (net) (324.78) (589.19) 1,125.53 2,899.76 103.72 (55.19) Profit on sale of mutual funds (32.60) (89.91) Fair valuation loss / (gain) on current investments (607.55) (516.58) Bad debts 337.74 761.19 Allowances/ Reversal of doubtful debts (net) (857.35) (642.75) Liabilities/ provisions no longer required written back (3,263.64) (2,549.20) Liabilities of capital creditors no longer required written back (1,626.71) (162.18) Finance costs 270.72 89.93 Interest income (1,243.45) (1,924.27) Operating profit before working capital changes 36,535.46 38,133.25 Movements in working capital: Decrease/ (Increase) in trade receivables 87,664.60 76,453.87 Decrease/ (Increase) in inventories (40,939.33) (44,698.95) Decrease/ (Increase) in other current assets (8,017.07) (5,214.75) Decrease/ (Increase) in other financial assets (5,838.05) (3,241.90) (Decrease)/ Increase in trade payables 1,881.90 1,252.55 (Decrease)/ Increase in provisions (458.92) 1,715.24 (Decrease)/ Increase in other financial liabilities and other liabilities (9,007.04) (3,368.10) Cash generated from operations 61,821.55 61,031.21 Income taxes paid/ (refund received) (net) (5,401.23) (517.66) Net cash flows from operating activities (A) 56,420.32 60,513.55 Cash flows from investing activities (4.23) (47.02) (41,883.03) (25,282.41) Proceeds from sale of property, plant and equipment - 2.73 Purchase of current investments (Mutual Funds) (11,960.00) (23,354.90) Proceeds from sale of current investments (Mutual Funds) 8,100.00 8,289.90 Purchase of current investments (Bonds) (13,946.99) (16,815.35) Proceeds from sale of current investments (Bonds) 18,200.00 6,500.00 Interest received on Bonds 879.69 681.09 Bank deposits placed (369.33) (10,078.84) Redemption of bank deposits / other bank balances 43.79 7,230.65 Interest from fixed deposits 363.62 495.78 Net cash flows (used in) investing activities (B) (40,576.48) (52,378.37) Cash flows from financing activities Repayment of principal towards lease liability (425.73) (380.25) Interest paid on lease liability (114.27) (24.75) Finance costs paid (156.46) (65.18) Dividend paid on equity shares (8,118.06) (5,463.77) Net cash flows (used in) / from financing activities (C) (8,814.52) (5,933.95) Exchange difference arising on conversion credited / (debited) to foreign currency translation reserve (D) 1,489.24 1,194.22 Net increase / (decrease) in cash and cash equivalents (A + B + C + D ) 8,518.56 3,395.45 Cash and cash equivalents at the beginning of the period / year 21,982.01 12,721.29 Exchange differences on translation of foreign currency cash and cash equivalent (599.42) 412.20 Cash and cash equivalents at the end of the period 29,901.15 16,528.94 Components of cash and cash equivalents Cash on hand 4.82 1.43 With banks 29,896.33 16,527.51 Total cash and cash equivalents as per the statement of cash flows 29,901.15 16,528.94 Purchase of intangible assets (including intangible assets under development and capital advances) Purchase of property, plant and equipment (including capital work in progress) Adjustment to reconcile profit before tax to cash generated by operating activities: Profit / (Loss) before tax Depreciation and amortisation expense Loss/(Profit) on Redemption/Sale of bonds Discard / Write-off of intangible assets and intangible assets under development Particulars SHARDA CROPCHEM LIMITED UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE HALF YEAR ENDED SEPTEMBER 30, 2026 Registered Office: 2nd Floor, Prime Business Park, Dashrathlal Joshi Road, Vile Parle (West), Mumbai – 400 056. CIN: L51909MH2004PLC145007 RAMPRAKASH VILASRAI BUBNA Digitally signed by RAMPRAKASH VILASRAI BUBNA DN: c=IN, postalCode=400050, st=MAHARASHTRA, street=PLEASANT PARK, FLAT NO-501, PLOT NO-461 ,24TH ROAD ,MUMBAI,BANDRA WEST ,400050, l=MUMBAI, o=Personal, serialNumber=87a216501324105ac28556619d822cc05b4a96ba692c 8c34ad031c833a6bef60, pseudonym=d3bedc62bb114eee819bcbb486c633e3, 2.5.4.20=20a80ab733c0131779cb7f92ef508450e1c7e94b1870cde39 2de86394aec3795, email=CO.SEC@SHARDAINTL.COM, cn=RAMPRAKASH VILASRAI BUBNA Date: 2026.10.30 13:01:23 +05'30'
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(INR in Lakhs) Year ended 1 Segment Revenue (a) Agrochemicals 83,972.67 91,485.82 80,273.81 175,458.49 164,897.66 471,685.90 (b) Non-agrochemicals 21,195.52 15,890.99 12,637.46 37,086.51 26,495.07 55,072.62 Net sales / revenue from operations 105,168.19 107,376.81 92,911.27 212,545.00 191 ,392.73 526,758.52 2 Segment Results (a) Agrochemicals 6,885.15 8,232.44 3,444.11 15,117.59 17,043.57 68,487.56 (b) Non-agrochemicals 3,735.80 3,608.77 3,946.45 7,344.57 7,193.20 14,378. 13 Total 10,620.95 11,841.21 7,390.56 22,462.16 24,236.77 82, 865.69 Less : (i) Finance cost (90.19) (180.54) (34.29) (270.73) (89 .93) (175.69) (ii) Unallocable expenditure (671.98) (837.01) (528.49) (1,508.99) (938.88) (3,127.63) (iii) Unallocable income 889.96 1,018.85 1,744.60 1,908.81 2,278.34 5,988.2 4 Profit before Tax 10,748.74 11,842.51 8,572.41 22,591.25 25,486.30 85,550.61 3 Segment Assets (a) Agrochemicals 449,391.61 458,255.33 378,182.95 449,391.61 378,182.95 483,274.17 (b) Non-agrochemicals 18,889.24 12,078.98 13,666.96 18,889.24 13,666.96 14,715.99 (c) Unallocated 97,632.21 90,094.29 98,462.43 97,632.21 98,462.43 80,039.84 Total 565,913.06 560,428.60 490,312.34 565,913.06 490,312.34 578,030.00 4 Segment Liabilities (a) Agrochemicals 202,534.09 201,821.38 201,556.14 202,534.09 201,556.14 235,786.30 (b) Non-agrochemicals 11,453.55 7,131.13 2,817.02 11,453.55 2,817.02 5,160 .04 (c) Unallocated 26,876.57 26,989.75 18,345.74 26,876.57 18,345.74 23,380.09 Total 240,864.21 235,942.26 222,718.90 240,864.21 222,718.90 264,326.43 Net Capital Employed 325,048.85 324,486.34 267,593.44 325,048. 85 267,593.44 313,703.57 Note: For Sharda Cropchem Limited Ramprakash V. Bubna Place : Mumbai (Chairman and Managing Director) Date : October 30, 2026 (DIN : 00136568) Registered Office: 2nd Floor, Prime Business Park, Dashrathlal Joshi Road, Vile Parle (West), Mumbai – 400 056. CIN: L51909MH2004PLC145007 The activities of the Group are divided into two business segments viz. Agrochemicals, Non-agrochemicals (representing Belts, Dyes & Dye Intermediates and General Chemicals). These segments form the basis for management control and therefore the basis for monitoring. Based on the "management approach" as defined in Ind AS 108 - 'Operating Segments' the Chief Operating Decision Maker evaluates the Group's performance and allocates resources based on an analysis of various performance indicators by business segments and segment information is presented accordingly. Particulars SHARDA CROPCHEM LIMITED UNAUDITED CONSOLIDATED SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES June 30, 2026 (Unaudited) September 30, 2026 (Unaudited) Quarter ended Half year ended September 30, 2025 (Unaudited) March 31, 2026 (Audited) September 30, 2026 (Unaudited) September 30, 2025 (Unaudited) RAMPRAKAS H VILASRAI BUBNA Digitally signed by RAMPRAKASH VILASRAI BUBNA DN: c=IN, postalCode=400050, st=MAHARASHTRA, street=PLEASANT PARK, FLAT NO-501, PLOT NO-461 ,24TH ROAD ,MUMBAI,BANDRA WEST ,400050, l=MUMBAI, o=Personal, serialNumber=87a216501324105ac28556619d822cc05b4a9 6ba692c8c34ad031c833a6bef60, pseudonym=d3bedc62bb114eee819bcbb486c633e3, 2.5.4.20=20a80ab733c0131779cb7f92ef508450e1c7e94b18 70cde392de86394aec3795, email=CO.SEC@SHARDAINTL.COM, cn=RAMPRAKASH VILASRAI BUBNA Date: 2026.10.30 13:01:35 +05'30'
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B S 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 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 1 Limited Review Report on unaudited standalone financial results of Sharda Cropchem 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 Sharda Cropchem Limited 1. We have reviewed the accompanying Statement of unaudited standalone financial results of Sharda Cropchem 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. For B S R & Co. LLP Chartered Accountants Firm’s Registration No.:101248W/W-100022 Burjis Pardiwala Partner Mumbai Membership No.: 103595 30 October 2026 UDIN:26103595QIZEWA6691 Burjis Tehmurasp Pardiwala Digitally signed by Burjis Tehmurasp Pardiwala Date: 2026.10.30 13:08:01 +05'30'
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(INR in Lakhs) Year ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Income (a) Revenue from operations 74,242.79 96,888.60 81,376.30 1,71,131.39 1,63,868.55 4,63,051.18 (b) Other income (refer notes 3 and 4) 4,153.47 10,697.19 4,614.54 14,850.66 7,802.77 24,067.83 Total income 78,396.26 1,07,585.79 85,990.84 1,85,982.05 1,71,671.32 4,87,119.01 2 Expenses (a) Cost of materials consumed 26,827.22 37,351.51 37,620.89 64,178.73 76,677.49 2,22,889.39 (b) Purchase of stock in trade 21,857.15 31,804.00 33,334.74 53,661.15 53,691.10 79,329.94 (c) Changes in inventories of finished goods and stock in trade (5,266.87) (7,191.26) (15,105.15) (12,458.13) (22,253.78) (3,482.90) (d) Employee benefits expense 1,133.05 1,390.27 992.48 2,523.32 2,226.67 5,623.75 (e) Finance costs 64.31 132.43 10.48 196.74 24.75 34.03 (f) Foreign exchange loss / (gain) (net) (344.96) (611.10) 767.92 (956.06) (5,999.26) (2,983.69) (f) Depreciation and amortisation expense 10,031.14 10,022.95 7,613.87 20,054.09 15,418.09 32,435.62 (g) Other expenses (refer note 3) 16,448.29 16,989.26 15,325.08 33,437.55 32,457.36 68,844.13 Total expenses 70,749.33 89,888.06 80,560.31 1,60,637.39 1,52,242.42 4,02,690.27 3 Profit / (loss) before tax (1-2) 7,646.93 17,697.73 5,430.53 25,344.66 19,428.90 84,428.74 4 Tax expense (a) Current tax 697.74 3,063.14 778.48 3,760.88 3,764.98 13,246.89 (b) Adjustment for tax relating to earlier years (96.38) - 19.70 (96.38) 35.28 (1,298.50) (c) Deferred tax charge / (credit) 897.25 575.70 225.28 1,472.95 (141.61) 4,748.46 Total tax expense 1,498.61 3,638.84 1,023.46 5,137.45 3,658.65 16,696.85 5 Net profit / (loss) for the period / year (3-4) 6,148.32 14,058.89 4,407.07 20,207.21 15,770.25 67,731.89 6 Other comprehensive income / (loss) i) Items that will not be reclassified to profit or loss 15.27 (1.23) (14.96) 14.04 (12.42) (4.49) ii) Income tax relating to items that will not be reclassified to profit or loss (3.84) 0.31 3.76 (3.53) 3.13 1.13 Total other comprehensive income / (loss) 11.43 (0.92) (11.20) 10.51 (9.29) (3.36) 7 Total comprehensive income / (loss) for the period / year (5+6) 6,159.75 14,057.97 4,395.87 20,217.72 15,760.96 67,728.53 8 9,022.05 9,022.05 9,022.05 9,022.05 9,022.05 9,022.05 9 Other Equity 2,81,029.77 10 Earnings per share (not annualised*) Basic (Face value per Share Rs.10/- each) 6.82 15.58 4.88 22.40 17.48 75.07 Diluted (Face value per Share Rs.10/- each) 6.82 15.58 4.88 22.40 17.48 75.07 * Quarterly and half yearly earnings per share is not annualised Notes: 1 2 3 Other expenses / (income) includes loss / (gain) on fair valuation of investments as under: (INR in Lakhs) Year ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 Loss / (gain) on fair valuation of investments (240.07) (367.48) (243.58) (607.55) (516.58) 1,115.92 4 Other income includes: (INR in Lakhs) Year ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 Dividend received from subsidiary - 7,542.24 1,752.72 7,542.24 1,752.72 13,608.80 5 6 Paid-up equity share capital (Face value per share Rs.10/- each) SHARDA CROPCHEM LIMITED STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 Registered Office: 2nd Floor, Prime Business Park, Dashrathlal Joshi Road, Vile Parle (West), Mumbai – 400 056. Quarter ended Sr. No. Particulars CIN: L51909MH2004PLC145007 Half year ended Quarter ended The aforesaid financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on October 30, 2026. The statutory auditors have expressed an unmodified conclusion on these results. Particulars The financial results for all the periods presented have been prepared in accordance with the recognition and measurement principles of Ind AS notifi ed under the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time. Particulars Quarter ended Half year ended Half year ended One of the major segments of the Company, viz. "Agrochemicals" is seasonal in nature and its performance can be impacted by cropping pattern and weather conditions across the globe. Accordingly, quarterly figures are not representative of the other quarters and full year's performance. The consolidated financial statements of the Company contains segment information as per IND AS 108 - Operating Segments. Accordingly separate information is not included in the Standalone financial results. RAMPRAKAS H VILASRAI BUBNA Digitally signed by RAMPRAKASH VILASRAI BUBNA DN: c=IN, postalCode=400050, st=MAHARASHTRA, street=PLEASANT PARK, FLAT NO-501, PLOT NO-461 ,24TH ROAD ,MUMBAI,BANDRA WEST ,400050, l=MUMBAI, o=Personal, serialNumber=87a216501324105ac28556619d822cc05b4 a96ba692c8c34ad031c833a6bef60, pseudonym=d3bedc62bb114eee819bcbb486c633e3, 2.5.4.20=20a80ab733c0131779cb7f92ef508450e1c7e94b1 870cde392de86394aec3795, email=CO.SEC@SHARDAINTL.COM, cn=RAMPRAKASH VILASRAI BUBNA Date: 2026.10.30 12:59:55 +05'30'
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(INR in Lakhs) As at September 30, 2026 (Unaudited) As at March 31, 2026 (Audited) Assets Non-current assets Property, plant and equipment 180.44 225.21 Right of use assets 2,374.12 - Other Intangible assets 1,05,837.16 98,526.13 Intangible assets under development 30,376.37 24,723.63 Financial assets Investments 656.64 653.72 Loans - 79.00 Other financial assets 5,864.90 5,800.32 Income tax assets (net) 1,063.13 67.52 Other non-current assets 1,189.07 2,101.44 Total non-current assets 1,47,541.83 1,32,176.96 Current assets Inventories 1,25,543.14 94,770.62 Financial assets Investments 36,288.26 36,144.84 Trade receivables 1,37,123.45 2,23,365.60 Cash and cash equivalents 19,129.41 13,515.48 18.33 7.46 Loans 1,732.39 1,684.07 Other financial assets 21,047.96 12,379.01 Other current assets 28,233.00 19,856.46 Total current assets 3,69,115.94 4,01,723.54 Total Assets 5,16,657.77 5,33,900.50 Equity and Liabilities Equity Equity share capital 9,022.05 9,022.05 Other equity 2,93,127.65 2,81,029.77 Total equity 3,02,149.70 2,90,051.82 Non-current liabilities Financial liabilities Lease liabilities 1,515.37 - Other financial liabilities 2,046.21 3,544.20 Deferred tax liabilities (net) 23,604.32 22,127.84 Total non-current liabilities 27,165.90 25,672.04 Current liabilities Financial liabilities Lease liabilities 907.84 - Trade payables total outstanding dues of micro enterprises and small enterprises 714.19 766.98 total outstanding dues of creditors other than micro enterprises and small enterprises 1,22,705.80 1,40,028.39 Other financial liabilities 52,278.10 64,066.71 Other current liabilities 2,641.81 4,706.28 Provisions 8,085.49 8,502.96 Current tax liabilities (net) 8.94 105.32 Total current liabilities 1,87,342.17 2,18,176.64 Total Equity and Liabilities 5,16,657.77 5,33,900.50 Particulars Bank balance other than cash and cash equivalents Registered Office: 2nd Floor, Prime Business Park, Dashrathlal Joshi Road, Vile Parle (West), Mumbai – 400 056. CIN: L51909MH2004PLC145007 SHARDA CROPCHEM LIMITED UNAUDITED STANDALONE STATEMENT OF ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2026 RAMPRAKASH VILASRAI BUBNA Digitally signed by RAMPRAKASH VILASRAI BUBNA DN: c=IN, postalCode=400050, st=MAHARASHTRA, street=PLEASANT PARK, FLAT NO-501, PLOT NO-461 ,24TH ROAD ,MUMBAI,BANDRA WEST ,400050, l=MUMBAI, o=Personal, serialNumber=87a216501324105ac28556619d822cc05b4a96b a692c8c34ad031c833a6bef60, pseudonym=d3bedc62bb114eee819bcbb486c633e3, 2.5.4.20=20a80ab733c0131779cb7f92ef508450e1c7e94b1870c de392de86394aec3795, email=CO.SEC@SHARDAINTL.COM, cn=RAMPRAKASH VILASRAI BUBNA Date: 2026.10.30 13:00:11 +05'30'
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(INR in Lakhs) Half Year ended Half Year ended September 30, 2026 September 30, 2025 (Unaudited) (Unaudited) Cash flows from operating activities 25,344.66 19,428.90 20,054.09 15,418.09 - (2.45) (1,036.43) (363.17) 1,125.53 2,899.76 (32.60) (89.91) (Profit) / Loss on redemption of bonds (net) 103.72 (55.19) Fair valuation (gain) / loss on current investments (607.55) (516.58) Reversal of doubtful debts (1,008.95) (813.02) Bad debts 70.25 737.97 (2,725.70) (2,493.90) Liabilities of capital creditors no longer required written back (1,626.71) (162.18) Finance costs 196.74 24.75 Interest income (1,286.14) (1,916.22) Dividend income (7,542.24) (1,752.72) Operating profit before working capital changes 31,028.67 30,344.13 Movements in working capital: Decrease / (Increase) in trade receivables 81,639.33 67,412.80 Decrease / (Increase) in inventories (30,772.52) (39,225.36) Decrease / (Increase) in other assets (7,469.82) (5,187.17) Decrease / (Increase) in other financial assets (8,183.38) (3,227.21) (Decrease) / Increase in trade payables (9,698.48) 6,104.92 (Decrease) / Increase in provisions (403.42) 1,481.73 (Decrease) / Increase in other financial liabilities and other liabilities (3,580.43) (489.53) Cash generated from operations 52,559.95 57,214.31 (Income taxes paid) / refunds received (net) (4,756.50) 1,216.94 Net cash flows from operating activities (A) 47,803.45 58,431.25 Cash flows from investing activities (3.77) (39.78) (41,883.14) (26,281.58) Proceeds from sale of property, plant and equipment - 5.18 Investment in subsidiaries (2.92) - Purchase of current investments (Mutual Funds) (11,960.00) (23,354.90) Proceeds from sale of current investments (Mutual Funds) 8,100.00 8,289.90 Purchase of current investments (Bonds) (13,946.99) (16,173.31) Proceeds from sale of current investments (Bonds) 18,200.00 6,500.00 Interest on Bond 879.69 681.09 Bank deposits placed (327.32) (10,045.60) 43.79 7,230.65 Interest from fixed deposit 354.21 485.73 Loans to subsidiaries - given - (668.99) Loans to subsidiaries - principal received 79.00 45.00 Loans to subsidiaries - interest received 21.45 6.13 Dividends received from subsidiary 7,542.24 1,752.72 Net cash flows (used in) investing activities (B) (32,903.76) (51,567.76) Cash flows from financing activities Repayment of principal towards lease liability (425.73) (380.25) Interest paid on lease liability (114.27) (24.75) Finance costs paid (82.46) - Dividend paid on equity shares (8,118.07) (5,463.76) Net cash flows (used in) financing activities (C) (8,740.53) (5,868.76) Net (decrease) / increase in cash and cash equivalents (A + B + C) 6,159.16 994.74 Cash and cash equivalents at the beginning of the year 13,515.48 6,447.24 (545.23) 411.75 Cash and cash equivalents at the end of the period 19,129.41 7,853.73 Components of cash and cash equivalents Cash on hand 0.67 0.42 With banks 19,128.74 7,853.31 19,129.41 7,853.73 For Sharda Cropchem Limited Ramprakash V. Bubna Place : Mumbai Chairman & Managing Director Date : October 30, 2026 (DIN : 00136568) Profit on sale of mutual funds SHARDA CROPCHEM LIMITED UNAUDITED STANDALONE STATEMENT OF CASH FLOWS FOR THE HALF YEAR ENDED SEPTEMBER 30, 2026 Registered Office: 2nd Floor, Prime Business Park, Dashrathlal Joshi Road, Vile Parle (West), Mumbai – 400 056. CIN: L51909MH2004PLC145007 Profit / (loss) before tax Adjustment to reconcile profit before tax to cash generated by operating activities: Depreciation and amortisation expense Profit on disposal of property, plant and equipment Unrealized exchange loss / (gain) (net) Discard / Write-off of intangible assets and intangible assets under development Exchange differences on translation of foreign currency cash and cash equivalents Total cash and cash equivalents as per the cash flows statement Liabilities / provisions no longer required written back Purchase of property, plant and equipment (including capital work in progress) Purchase of intangible assets (including intangible assets under development and capital advances) Redemption of bank deposits / other bank balances RAMPRAKASH VILASRAI BUBNA Digitally signed by RAMPRAKASH VILASRAI BUBNA DN: c=IN, postalCode=400050, st=MAHARASHTRA, street=PLEASANT PARK, FLAT NO-501, PLOT NO-461 ,24TH ROAD ,MUMBAI,BANDRA WEST ,400050, l=MUMBAI, o=Personal, serialNumber=87a216501324105ac28556619d822cc05b4a96ba692c8c34ad031c 833a6bef60, pseudonym=d3bedc62bb114eee819bcbb486c633e3, 2.5.4.20=20a80ab733c0131779cb7f92ef508450e1c7e94b1870cde392de86394ae c3795, email=CO.SEC@SHARDAINTL.COM, cn=RAMPRAKASH VILASRAI BUBNA Date: 2026.10.30 13:00:26 +05'30'