Interim report
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SIGNATUREGLOBAL (INDIA) LIMITED CIN: L70100DL2000PLC104787 Regd. Off : 13TH FLOOR DR. GOPAL DAS BHAWAN, 28 BARAKHAMBA ROAD, CONNAUGHT PLACE, NEW DELHI- 110001 Phone: 011-49281700 Corp. Off. : UNIT NO.101,GROUND FLOOR, TOWER-A, SIGNATURE TOWER, SOUTH CITY-1 GURUGRAM HR- 122001Phone: 0124-4398011 E-mail: compliance@signatureglobal.in, Website: www.signatureglobal.in Date: 3rd February, 2026 The Manager BSE Limited Corporate Relationship Department, 1st Floor, New Trading Ring, Rotunda Building Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Scrip Code : 543990 Debt Segment: Scrip Code-977218 The Manager National Stock Exchange of India Limited Listing Department Exchange Plaza 5th Floor, Plot no C/1, G Block Bandra Kurla Complex Bandra (E), Mumbai – 400 051 Symbol : SIGNATURE Subject: Outcome of Board Meeting pursuant to Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) Dear Sir/ Madam, This is to inform that the Board of Directors of the Company in its meeting held today i.e. 3rd February, 2026, considered and approved the Unaudited Financial Results (both Consolidated and Standalone) of the Company for the quarter and nine months period ended on 31st December, 2025. A signed copy of the Unaudited Financial Results (both Consolidated and Standalone) of the Company for the quarter and nine months period ended on 31st December, 2025 along with Limited Review Reports thereon issued by the Statutory Auditors of the Company, are enclosed herewith as Annexure - I. Pursuant to Regulation 52(7) and 52(7A) of the Listing Regulations read with SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD-1/P/CIR/2025/0000000103 dated 11th July, 2025, Statement of utilization of issue proceeds and Statement of deviation/ variation in use of Issue proceeds of Non-Convertible Debentures issued by the Company for the quarter ended 31st December, 2025 are enclosed herewith as Annexure - II. Further, pursuant to Regulation 54 of the Listing Regulations read with SEBI Master Circular No. SEBI/HO/DDHS-PoD-1/P/CIR/2025/117 dated 13th August, 2025, Security Cover Certificate issued by the Statutory Auditors of the Company, as at 31st December, 2025, is enclosed herewith as Annexure - III. The meeting of Board of Directors commenced at 15:42 Hours and concluded at 18:25 Hours. Kindly take the above information on your record. Thanking You, For SIGNATUREGLOBAL (INDIA) LIMITED (M R BOTHRA) COMPANY SECRETARY Encl: A/a
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Signatureglobal (India) Limited AYRE XUAR — J Registered Office: 13th Floor, Dr. Gopal Das Bhawan, 28, Barakhamba Road, Connaught Place, New Delhi-110001 CIN No.: L70100DL2000PLC104787, Website : www.signatureglobal.in Statement of Unaudited Consolidated Financial Results for the quarter and nine months period ended 31 December 2025 (Rs. in million unless otherwise stated) Quarter ended Nine months period ended | Year ended 8. No. Particulars 31 December | 30 September | 31 December | 31 December | 31 December | 31 March 2025 2025 2024 2025 2024 2025 (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) (Audited) 1 Income Revenue from operations 2,844.38 3,384.92 8,276.85 14,885.99 19,775.87 24,980.20 Other income 283.25 340.21 344.62 950.29 899.69 1,399.70 Total income 3,127.63 3,725.13 8,621.47 15,836.28 20,675.56 26,379.90 2 Expenses Cost of revenue 1,881.55 2,364.46 6,395.58 10,919.31 15,847.36 19,061.88 Purchases of stock-in-trade 3.26 3.39 2.14 14.17 4.18 7.76 Employee benefits expense 616.73 678.01 514.01 1,976.57 1,232.33 1,715.31 Finance costs 169.07 134.72 141.64 429.60 385.31 514.86 Depreciation and amortization expense 79.31 77.69 75.38 232.54 195.04 273.83 Impairment of goodwill - 0.05 : 0.44 0.91 4.06 Impairment losses on financial assets (0.02) 1.16 0.10 1.25 1.75 1.76 Other expenses 975.28 1,081.64 1,230.09 3,018.62 2,685.19 3,749.72 Total expenses 3,725.18 4,341.12 8,358.94 16,592.50 20,352.07 25,329.18 3 (Loss)/profit before tax (1-2) (597.55) (615.99) 262.53 (756.22) 323,49 1,050.72 4 Tax expense Current tax 25.24 29,52 106.74 218.29 407.79 467,88 Tax adjustments related to earlier years 6.90 . 2,00 6,90 7.84 (17.58) Deferred tax credit (176.31) (176.90) (137.56) (403.77) (492.97) (411.67) Total tax (credit)/expense (144.17) (147.38) (28.82) (178.58) (77.34) 38.63 5 Net (Loss)/profit for the period / year (3-4) (453.38) (468.61) 291.35 (577.64) 400.83 1,012.09 6 Other comprehensive income Items that will not be reclassified to statement of profit and loss Remeasurement gain/(loss) on defined benefit plans 0.79 3.63 1.16 (1.81) (18.77) (13.56) Income-tax effect (0.21) (0,92) (0.37) 0.45 2.67 3.53 Total other comprehensive income 0.58 2.71 0.79 (1.36) (8.10) (10.03) 7 Total comprehensive (loss)/income for the period / (452.80) (465.90) 292,14 (579.00) 392.73 1,002.06 year (5+6) (Loss)/profit after tax attributable to: Owners of the Holding Company (453.38) (468.61) 291.16 (577.80) 399.88 1,010.83 Non-controlling interests - - 0.19 0.16 0.95 1.26 Other comprehensive income/(toss) attributable to: Owners of the Holding Company 0.58 2.71 0.79 (1.36) (8.10) (10.03) Non-controlling interests - - - - - - Total comprehensive (loss)/income attributable to: Owners of the Holding Company (452.80) (465,90) 291.95 (579.16) 391.78 1,000.80 Non-controlling interests - - 0.19 0.16 0.95 1.26 8 Paid-up equity share capital (face value of Rs. 1 per 140.51 140.51 140.51 140.51 140.51 140.51 share) 9 Reserves (other equity) 7,126.83 10 (Loss)/earnings per equity shares (face value of Rs. 1 each) (quarterly and nine months figures are not annualized) Basic (Rs. per share) (3.22) (3.34) 2.07 (4.11) 2.85 7.19 Diluted (Rs. per share) (3.22) (3.34) 2.07 (4.11) 2.85 719 See accompanying notes to the consolidated unaudited financial resuits. aE @ANDIODN, fi X. hss (xf i (5 | > \S\ / ie / OS Nt f es >. =O ACC Le SIGNED FOR IDENTIFICATION PURPOSES ONLY
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Notes: dq) Q) Q) Signatureglobal (India) Limited Registered Office: 13th Floor, Dr. Gopal Das Bhawan, 28, Barakhamba Road, Connaught Place, New Delhi-1 10001 CIN No.: L70100DL2000PLC104787, Website : www.signatureglobal.in Statement of Unaudited Consolidated Financial Results for the quarter and nine months period ended 31 December 2025 In terms of Regulation 33 and 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), this Statement of Unaudited Consolidated Financial Results for the quarter and nine months period ended 31 December 2025 ("Unaudited Consolidated Financial Results") of Signatureglobal (India) Limited (the “Holding Company” or the "Company") and its subsidiaries (the Company along with subsidiaries together referred to as "the Group") has been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 3 February 2026 and have been subjected to limited review by the statutory auditors of the Company. The Unaudited Consolidated Financial Results, for the quarter and nine months period ended 31 December 2025 have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standards 34, Interim Financial Reporting (‘Ind AS - 34"), prescribed under Section 133 of the Companies Act, 2013 (the Act) and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirement of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). During the quarter and nine months period ended 31 December 2025, the Holding Company has issued 87,500 rated, listed, secured, redeemable Non Convertible Debentures (NCDs) having face value of Rs. 100,000 each aggregating of Rs. 8,750.00 million, on a private placement basis to Intemational Finance Corporation (IFC). Such NCDs carry an interest rate of 11% per annum, payable on quarterly basis. The NCDs were listed on the Bombay Stock Exchange (BSE) on 17 October 2025. As at the reporting date, the Holding Company has fully utilized the proceeds in accordance with Clause 14.5 of the Debenture Trust Deed dated 30 September 2025. Such NCDs are redeemable in twelve equal quarterly instalments, starting from 15 April 2026 to 15 January 2029. As per the terms of the DTD, the NCDs are secured by way of first ranking exclusive charge over: (a) Signatureglobal Business Park Limited’ (SBPL)(‘the Subsidiary Company)’s specified Larger Lands (of which ~120.404 acres constitutes the Project Land) located at Sohna, Haryana alongwith all constructions (present and future) thereon, all present and future Receivables, all rights, title and interest to the development rights under the Collaboration Agreement (present and future) and to its specified Project Escrow Accounts and the amounts held therein; Insurance receivables; moveable assets in relation to the Projects etc.; (b) The Company’s rights, title and interest in the specified Accounts and the amounts lying in such Accounts, all present and future Receivables of the Company. As per the terms of the Debenture Trust Deed, the Group is required to maintain at all times, Minimum Security Cover equal to 1.50x (one point five times) of the outstanding principal amount and interest due on the Debentures. As required under the DTD, the management has considered the market/ fair value of SBPL’s Project Land, as per the valuation report issued by third-party expert valuer appointed by the management, as tabulated below: Amount Market/ Fair Value of Project land see (Rs. In million) _ Market/ Fair value as on 31 December 2025, per valuation Teport 36,764.00 (4) 6) Consequent to the management’s decision during the quarter ended 30 September 2025, to sell one of its investment property in Delhi NCR, the Group had been carrying such property under ‘asset classified as held for sale’, in accordance with applicable Ind AS. During the quarter ended 31 December 2025, the Group has executed the sale deed on 30 December 2025, and the said transaction has got concluded. The Government of India has recently consolidated 29 existing labour legislations into a united framework comprising four Labour Code viz Code on Wages 2019, Code on Social Security, 2020, Industrial Relations Code, 2020, and Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the New Labour Codes), These New Labour Codes have been notified on 21 November 2025. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Group has assessed the impact of these changes with the best available information and guidance provided by the Institute of Chartered Accountants of India (‘ICAI’). The impact of these changes is not material on the consolidated financial results. The Group continues to monitor the finalisation of Central/ State Rules and clarifications from the Government on other aspects of the Labour Codes and would provide appropriate accounting effect as and when such clarifications are issued/ rules are notified. (This space has been intentionally left blank) AAKNDIORS (EF LAY 5 {S : \e\ (=/ <| =| S \=| * | Lal a en J§) Ka Y IGNED FOR IDENTIFICATION PURPOSES ONLY
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Registered Office: 13th Floor, Dr. Gopal Das Bhawan, 28, Barakhamba Road, Connaught Place, New Delhi-! 10001 Signatureglobal (India) Limited CIN No.: L70100DL2000PLC104787, Website : www.signatureglobal.in Statement of Unaudited Consolidated Financial Results for the quarter and nine months period ended 31 December 2025 (6) Additional information pursuant to Regulation 52(4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended for the quarter and nine months period ended 31 December, 2025: (Rs. in million unless otherwise stated) Quarter ended Nine months period ended Year ended S.N 7 31 December | 30 September | 31 December | 31 December | 31 December 31 March . No. Particulars 2025 2025 2024 2025 2024 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 ISIN INE903U07087 NA NA| INE903U07087 NA NA Credit rating CARE A+ NA NA} CARE At NA NA 2 (Stable) (Stable) 3 Debt equity ratio (a) 4.53 3.52 3.66 4.53 3.66 3.24 4 Previous due date for the payment of interest on NCDs NA NA NA NA NA NA 5 Previous due date for the payment of principal of NCDs NA NA NA NA NA NA 6 Next due date for the navment of interest on NCDs 15 January 2026 NA NA [15 January 2026 NA NA 7 Next due date for the payment of principal of NCDs 15 April 2026 NA NA | _15 April 2026 NA NA 8 Debt service coverave ratio (DSCR) |b) (0.05) (0.14) 0.16 (0.01) 0.12 0.18 9 Interest service coverave ratio (ISCR) ic) (2.07) (3.00) 3.39 (0,22) 2.35 3.57 10 __| Paid up debt canital/ Outstanding debt (d) 31,262.21 25,616.89 24,499.32 31,262.21 24,499.32 23,660.26 11 Debenture redemption reserve Nil NA NA Nil NA NA 12 Capital redemption reserve © NA NA NA NA NA NA 13 Net worth (e) 6,348.27 6,717.81 6,136.58 6,348.27 6,136.58 6,745.34 14 Current ratio (1) 1.16 L15 1.20 1.16 1.20 1.18 15 Lonz term debt to working capital ratio (2) 1.01 1.00 1,02 1.01 1.02 1.02 16 Bad debt to account receivable ratio (lh) - . - - - - 17 Current liability ratio (i) 0.87 0.88 0.85 0.87 0.85 0.87 18 Total debt to total assets ratio (j) 0.19 0.18 0.20 0.19 0.20 0.18 19 Debtors turnover ratio (annualised) (k) 5.44 6.34 13.57 25.67 38.06 $0.65 20 Inventory turnover ratio (1) 0.02 0.02 0.08 0.11 0.22 0.25 21 Operating margin (%) (m) (22.23%) (21.97%) 1.63% (7.02%) 0,02% 1.76% 22 Net profit margin (%) (n) (15.94%) (13.84%) 3.52% (3.88%) 2.03% 4.05% (a) Debt Equity ratio = Total borrowings/Equity and Equity = Equity share capital + Other equity (b) Debt service coverage ratio (DSCR) = Earning before depreciation, interest and tax/(Interest expense + Principal repayments) (c) Interest Service coverage ratio (ISCR) = Earning before depreciaton, interest and tax/Interest expense (d) Paid up debt capital/ Outstanding debt = (Non current borrowing + current borrowing) (e) Net worth = (Paid up share capital + other equity - (capital reserve + reserve fund)* *Being restricted reserves created for specific purpose (f) Current ratio = (Current assets + Current liabilities) (g) Long term debt to working capital ratio = (Non current borrowing + current borrowing) + (Current assets - current liabilities - (current maturities of long-term borrowings}) (h) Bad debt to account receivable ratio = (Bad debt + Average trade receivables) (i) Current liability ratio = (Total current liabilities + Total liabilities) (J) Total debt to total assets ratio = (Total Debt + Total Assets less assets held for sale) (k} Debtors turnover ratio (Annualised) = (Revenue from operations + Average trade receivables) (1) Inventory turnover ratio = ((Cost of revenue+Purchases of stock-in-trade ) + Average inventories) (m) Operating margin (%) = (EBITDA - Other Income + Revenue from operations) (n) Net profit margin (%) = (Net Proft/Loss after tax + Revenue from operations) (This space has been intentionally left blank) SIGNED FOR IDENTIFICATION PURPOSES ONLY
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Signatureglobal (India) Limited Registered Office: 13th Floor, Dr. Gopal Das Bhawan, 28, Barakhamba Road, Connaught Place, New Delhi-110001 CIN No.: L70100DL2000PLC1 04787, Website : www.signatureglobal.in Statement of Unaudited Consolidated Fimancial Results for the quarter and nine months period ended 31 December 2025 (7) Consolidated segment wise revenue, results, segment assets and liabilities Based on the “management approach" as defined in Ind AS 108- Operating Segments, the Chief Operating Decision Maker (CODM) evaluates the Group's performance and allocates resources based on an analysis of various performance indicators by business segments. Accordingly, information has been presented along these business segments viz., real estate, non-banking finance company (NBFC’) and others (comprising of revenue from construction contracts, business support services and sale of traded goods). Details of consolidated segment wise revenue, results, segment assets and liabilities are given below: (Rs. in million) Quarter ended Nine months period ended Year ended 31 December | 30September | 31 December | 31 December | 31 December 34 March Particulars 2025 2025 2024 2025 2024 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) I Segment revenue Real estate 2,700.11 3,246.83 8,182.49 15,668.52 19,262.17 24,323.63 NBFC 38.62 28.66 20.84 87.98 54.94 74.19 Others 2,913.52 2,434.99 2,426.55 7,634.75 7,388.40 9,946.35 Total 5,652.25 5,710.48 10,629.88 23,391.25 26,705.51 34,344.17 Less: Inter segment revenues (2,807.87) (2,325.56) (2,353.03) (8,505.26) (6,929.64) (9,363.97) Net revenue from operations 2.844.38 3.384,92 $.276.85 14,885.99 19.75.87 24.980,20 Il Segment results Real estate 668.57 701.55 1,836.24 2,888.50 3,780.91 4,339.96 NBFC 38.62 28.66 20.84 87.98 54.94 74.19 Others 31.80 16.51 22.05 61.14 $8.48 130,57 Profit before other adjustments 738.99 746.72 1,879.13 3,037.62 3,924.33 4,544.72 Less: Employee benefit expenses (616.73) (678.01) 14.01) (1,976.57) (1,232.33) (1,715.31) Less: Finance cost (169.07) (134.72) (141.64) (429.60) (385.31) {514.86) Less: Other unallocable expenditure (833.99) (890.19) (1,305.87) (2,337.96) (2,882.89) (2,663.53) Add: Unallocable finance and other income 283.25 340.21 344.62 950.29 899.69 1,399.70 (Loss)/Profit before tax (597.55) (615,99) 262.53 (756.22) 323.49 1,050.72 HI] = |Segment assets Real estate 141,331.62 130,829.05 96,717.23 141,331.62 96,717.23 117,791.24 NBFC 1,104.55 1,106.24 723.78 1,104.55 723.78 667.38 Others 241.58 276.48 472.37 241.58 472.37 422.34 142,677.75 132,211.77 97,913.38 142,677.75 97,913.38 118,880.96 Unallocated corporate assets 18,280.65 13,524.21 24,031.08 18,280.65 24,031.08 9,779.34 Total assets 160.958.40 145,735.98 121,944.46 160,958.40 121,944.46 128,660.30 IV __|Segment liabilities Real estate 122,915.64 113,482.79 88,482.66 122,915.64 88,482.66 98,370.75 NBFC 37.94 57.54 $7.25 37.94 $7.25 56.90 Others 45.42 49.25 47.91 45.42 47.91 47.91 122,999.00 113,589.58 88,587.82 122,999.00 88,587.82 98,475.56 Unallocated corporate liabilities 31,059.07 24,877.18 26,669.42 31,059.07 26,669.42 22,888.34 Total liabilities 154,058.07 138,466.76 115,257.24 154,058.07 115,257.24 121,363.90 (8) Previous period's/year's figures have been regrouped/reclassified wherever necessary to confirm with the current period/year figures. The impact of such reclassification/regrouping is not material to the consolidated financial results. a For and on behalf on Board of Directors lay mn ‘, Signatureglobal (India) Limited Place: Gurugram Mg C6 es OS” Date: 03 February 2026 uw SIGNED FOR IDENTIFICATION PURPOSES ONLY
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Walker Chandiok & Co LLP Walker Chandiok & Co LLP 21st Floor, DLF Square Jacaranda Marg, DLF Phase Il, Gurugram - 122 002 Haryana, India T+91 124 462 8099 F491 124 462 8001 Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Signatureglobal (India) Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results (‘the Statement’) of Signatureglobal (India) Limited (‘the Holding Company’) and its subsidiaries (the Holding Company and its subsidiaries together referred to as ‘the Group’), (refer Annexure 1 for the list of subsidiaries included in the Statement) for the quarter ended 31 December 2025 and the consolidated year to date results for the period 1 April 2025 to 31 December 2025, being submitted by the Holding Company pursuant to the requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (‘Listing Regulations’). This Statement, which is the responsibility of the Holding Company's management and approved by the Holding Company'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 (‘the Act’), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations. 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. 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 the Standards on Auditing specified under section 143(10) of the Act, 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 SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable. Chartered Accountants Offices in Ahmedabad, Bengaluru, Chandigarh, Chennai, Dehradun, Goa, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its registered office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India
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Walker Chandiok & Co LLP Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations (cont'd) 4. Based on our review conducted and procedures performed as stated in paragraph 3 above and upon consideration of the review reports of the other auditors referred to in paragraph 5 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 Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. We did not review the interim financial results of 9 subsidiaries included in the Statement, whose financial information reflects total revenues of Rs. 1,651.52 million and Rs. 5,465.21 million, total net profit after tax of Rs. 129.40 million and Rs. 510.44 million, total comprehensive income of Rs. 130.09 million and Rs. 510.56 million, for the quarter and year-to-date period ended on 31 December 2025, respectively, as considered in the Statement. These interim financial results have been reviewed by other auditors whose review reports have been furnished to us by the management, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on the review reports of such other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion is not modified in respect of this matter with respect to our reliance on the work done by and the reports of the other auditors. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 % AQARNDIOD. kg SNE Deepak Mittal SY oO" Partner = i Membership No. 503843 | iE Ox _ ZS wae UDIN:26 503843 ZSPHES§2¢2\ pac Place: Gurugram Date: 3 February 2026
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Walker Chandiok & Co LLP Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations (cont'd) Annexure 1 List of entities included in the Statement Holding Company: 1. Signatureglobal (India) Limited Subsidiary Companies: Signature Builders Limited (formerly known as Signature Builders Private Limited) Signatureglobal Developers Limited (formerly known as Signatureglobal Developers Private Limited) JMK Holdings Limited (formerly known as JMK Holdings Private Limited) Signature Infrabuild Limited (formerly known as Signature Infrabuild Private Limited) Fantabulous Town Developers Limited (formerly known as Fantabulous Town Developers Private Limited) Maa-Vaishno Net Tech Limited (formerly known as Maa-Vaishno Net Tech Private Limited) Indeed Fincap Private Limited . Sternal Buildcon Limited (formerly known as Sternal Buildcon Private Limited) 10.Forever Buildtech Limited (formerly known as Forever Buildtech Private Limited) 11.Rose Building Solutions Limited (formerly known as Rose Building Solutions Private Limited) 12.Signatureglobal Homes Limited (formerly known as Signatureglobal Homes Private Limited) 13.Signatureglobal Business Park Limited (formerly known as Signatureglobal Business Park Private Limited) 14.Gurugram Commercity Limited (formerly known as Gurugram Commercity Private Limited) CONAAA WSN
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Signatureglobal (India) Limited Registered Office: 13th Floor, Dr, Gopal Das Bhawan, 28, Barakhamba Road, Connaught Place, New Delhi-110001 CIN No.: L70100DL2000PLC 104787, Website : www.signatureglobal.in Statement of Unaudited Standalone Financial Results for the quarter and nine months period ended 31 December 2025 (Rs. in million unless otherwise stated) Quarter ended Nine months period ended | Year ended S. No. Particulars 31 December | 30 September | 31 December | 31 December | 31 December | 31 March 2025 2025 2024 2025 2024 2025 (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) 1 Income Revenue from operations 2,992.24 2,587.86 6,583.47 9,234.38 13,332.84 18,252.47 Other income 679.84 524.75 419.24 1,372.92 1,150.11 1,629.57 Total income 3,672.08 3,112.61 7,002.71 10,807.30 14,482.95 19,882.04 2 Expenses Cost of revere 2,138.74 1,947.02 5,169.76 6,500.26 11,017.75 14,283.28 Purchases of stock-in-trade 0.61 1.60 0.33 3.14 2.37 445 Employee benefits expense 501.59 536.48 416.32 1,593.78 931.68 1,359.76 Finance costs 731.76 443.65 438.88 1,573.13 1,185.38 1,574.33 Depreciation and amortization expense 56.63 54,99 54.85 164.06 153.18 209.12 Impairment losses on financial assets 3.60 1.05 3.70 8.70 19.20 50.75 Other expenses 418.24 486.33 641.33 1,321.69 1,175.31 1,777.43 Total expenses 3,851.17 3,470.52 6,725.17 11,164.76 14,484.87 19,259.12 3 ({Loss)/profit before tax (1-2) (179.09) (357.91) 277.54 (357.46) (1.92) 622.92 4 Tax expense Current tax - - - - - - Tax adjustments related to earlier years - - - - - (24.56) Deferred tax (credit)/expense (44.27) (92.75) (0.19) (87.71) (105.66) 22.11 Total tax expense/(credit) (44.27) (92.75) (0.19) (87.71) (105.66) (2.45) 5 Net (loss}/profit for the period / year (3-4) (134.82) (265.16) 277.73 (268.75 103.74 625.37 6 Other comprehensive income Items that will not be reclassified to statement of profit and loss Remeasurement (loss)/gain on defined benefit plans (2.08) 4.79 0.73 (2.08) (5.73) (6.51) Income-tax effect 0.52 (1.21) (0.19) 0.52 1.44 1.64 Total other comprehensive income (1.56) 3.58 0.54 (1.56) (4.29) (4.87) 7 Total comprehensive (loss)/income for the period / (136.38) (261.58) 278.27 (271.31) 99.45 620.50 year (5+6) 8 Paid-up equity share capital (face value of Rs. 1 per 140.51 140.51 140.51 140.51 140.51 140.51 share) 9 Reserves (other equily’) 9,152.67 10 |(Loss)/earnings per equity share (face value of Rs. 1 each) (quarterly and nine months figures are not annualised) Basic (Rs. per share) (0.96) (1.89) 1.98 (1.92) 0.74 4,45 Diluted (Rs. per share) (0.96) (1.89) 1.98 (1.92) 0.74 4.45 See accompanying notes to the standalone unaudited financial results. \ SIGNED FOR IDENTIFICATION PURPOSES ONLY (This space has been intentionally left blank)
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Signatureglobal (India) Limited Registered Office: 13th Floor, Dr. Gopal Das Bhawan, 28, Barakhamba Road, Connaught Place, New Delhi-110001 CIN No.: L70100DL2000PLC104787, Website : www.signaturegiobal.in Statement of Unaudited Standalone Financial Results for the quarter and nine months period ended 31 December 2025 Notes: (1) (2) G3) (4) (5) In terms of Regulation 33 and 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), this Statement of Unaudited Standalone Financial Results for the quarter and nine months period ended 31 December 2025 ("Unaudited Standalone Financial Results") of Signatureglobal (India) Limited (the "Company”) has been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 3 February 2026 and have been subjected to limited review by the statutory auditors of the Company. The Unaudited Standalone Financial Results, for the quarter and nine months period ended 31 December 2025 have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standards 34, Interim Financial Reporting (‘Ind AS - 34, prescribed under Section 133 of the Companies Act, 2013 (the Act) and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). During the quarter and nine months period ended 31 December 2025, the Company has issued 87,500 rated, listed, secured, redeemable Non Convertible Debentures (NCDs) having face valuc of Rs. 100,000 each aggregating of Rs. 8,750.00 million, on a private placement basis to Intemational Finance Corporation (IFC), Such NCDs carry an interest rate of 11% per annum, payable on quarterly basis. The NCDs were listed on the Bombay Stock Exchange (BSE) on 17 October 2025. As at the reporting date, the Company has fully utilized the proceeds in accordance with Clause 14.5 of the Debenture Trust Deed dated 30 September 2025. Such NCDs are redeemable in twelve equal quarterly instalments, starting from 15 April 2026 to 15 January 2029. As per the terms of the DTD, the NCDs are secured by way of first ranking exclusive charge over: (a) Signatureglobal Business Park Limited’ (SBPL)(‘the Subsidiary Company)’s specified Larger Lands (of which ~120.404 acres constitutes the Project Land) located at Sohna, Haryana alongwith all constructions (present and future) thereon, all present and future Receivables, all rights, title and interest to the development rights under the Collaboration Agreement (present and future) and to its specified Project Escrow Accounts and the amounts held therein; Insurance receivables; moveable asscts in relation to the Projects etc.; (b) The Company’s rights, title and interest in the specified Accounts and the amounts lying in such Accounts, all present and future Receivables of the Company. As per the terms of the Debenture Trust Deed, the Company is required to maintain at all times, Minimum Security Cover equal to 1.50x (one point five times) of the outstanding principal amount and interest due on the Debentures. As required under the DTD, the management has considered the market/ fair value of SBPL’s Project Land, as per the valuation report issued by third-party expert valuer appointed by the management, as tabulated below: Amount Market/ Fair Value of Proj d arke ir Value of Project lan (Rs. In million) Market/ Fair value as on 31 December 2025, per valuation report issued by registered valuer | 36,764.00 | Consequent to the management’s decision during the quarter ended 30 September 2025, to sell one of its investment property in Delhi NCR, the Company had been carrying such property under ‘asset classified as held for sale’, in accordance with applicable Ind AS. During the quarter ended 31 December 2025, the Company has executed the sale deed on 30 December 2025, and the said transaction has got concluded. The Government of India has recently consolidated 29 existing labour legislations into a united framework comprising four Labour Code viz Code on Wages 2019, Code on Social Security, 2020, Industrial Relations Code, 2020, and Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the New Labour Codes). These New Labour Codes have been notified on 21 November 2025. The Ministry of Labour & Employment published draft Central Ruies and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has assessed the impact of these changes with the best available information and guidance provided by the Institute of Chartered Accountants of India (‘ICAI’). The impact of these changes is not material on the standalone financial results. The Company continues to monitor the finalisation of Central/ State Rules and clarifications from the Government on other aspects of the Labour Codes and would provide appropriate accounting effect as and when such clarifications are issued/ rules are notified. (This space has been intentionally left blank) ~ Acc? ) MINED FOR IDENTIFICATION PURPOSES ONLY
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Signatureglobal (India) Limited Registered Office: 13th Floor, Dr. Gopal Das Bhawan, 28, Barakhamba Road, Connaught Place, New Delhi-110001 CIN No.: L70100DL2000PLC104787, Website : www.signatureglobal.in Statement of Unaudited Standalone Financial Results for the quarter and nine months period ended 31 December 2025 (6) Additional information pursuant to Regulation 52(4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended for the quarter and nine months period ended 31 December, 2025. (Rs. in million unless otherwise stated) Quarter ended Nine months period ended Year ended S. No. Particulars 31 Deeember | 30September | 31 December 31 December 31 December 31 March 2025 2025 2024 2025 2024 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 ISIN INE903U07087 NA NA| INE903U07087 NA NA Credit rating CARE A+ NA NA CARE At+ NA NA 2 (Stable) (Stable) 3 Debt equity ratio (a) 3.41 2.28 1.99 3.41 1.99 1.73 4 Previous due date for the payment of interest on NA NA NA NA NA NA NCDs 5 Previous due date for the payment of principal of NA NA NA NA NA NA NCDs 6 Next due date for the payment of interest on NCDs 15 January 2026 NA NA | 15 January 2026 NA NA 7 Next due date for the pavinent of principal of NCDs 15 April 2026 NA NA | 15 April 2026 NA NA g Debt service coveraye ratio (DSCR) (b) 0.17 0.05 0.29 0.15 0.19 0.25 9 Interest service coveraye ratio ISCR) (c} 0.83 0.32 1.76 0.88 1.13 1.53 10 Paid up debt capital/ Outstanding debt (d) 31,440.35 21,208.77 17,483.76 31,440.35 17,483.76 16,088.26 It Debenture redemption reserve Nil NA NA Nil NA NA 12 Capital redemption reserve NA NA NA NA NA NA 13 Net worth (¢) 8,818.31 8,870.70 8,357.31 8,818.31 8,357.31 8,878.35 14 Current ratio (() 1.44 1.32 1.45 1.44 1.45 1.43 15 Lonz term debt to workinz capital ratio (7) 1.01 1.02 0.95 1.01 0.95 0.90 16 Bad debt to account receivable ratio (h) - - - - - - 17 Current liability ratio (1) 0.73 0.80 0.74 0.73 0,74 0.76 18 Total debt to total assets ratio (i) 0.39 0.31 0.32 0.39 0.32 0.30 19 Debtors turnover ratio (Annualised) (k) 0.70 0.73 1,98 2.12 4.57 5.93 20 Inventory turnover ratio (1) 0,06 0.06 0.28 0.20 0.59 0.70 21 Operatiny margin (%) (m) (2.36%) (14.84%) 5.35% (2.09%) 1.40% 4.26% 22 Net profit margin (%) (n} (4.51%) (10.25%) 4.22% (2.92%) 0.78% 3.43% (a} Debt Equity ratio = Total borrowings/Equity and Equity = Equity Share Capital + Other equity (b) Debt service coverage ratio (DSCR) = Eaming before depreciation, interest and tax/(Interest expense + Principal repayments) (c) Interest Service coverage ratio (ISCR) = Earning before depreciaton, interest and tax/Interest expense (d) Paid up debt capital/ Outstanding debt = (Non current borrowing + current borrowing) (e) Net worth = (Paid up share capital + Other equity - Capital reserve} (f) Current ratio = (Current assets + Current liabilities) (g) Long term debt to working capital ratio = (Non current borrowing + current borrowing) ~ (Current assets - (current liabilities - current maturities of long-term borrowings)) (h) Bad debt to account receivable ratio = (Bad debt + Average trade receivables) (i) Current liability ratio = (Total current liabilities + Total liabilities) G) Total debt to total assets ratio = (Total Debt + Total Assets less assets held for sale) {k} Debtors turnover ratio (Annualised) = (Revenue from operations + Average trade receivables) (1} Inventory turnover ratio = ((Cost of revenue+Purchases of stock-in-trade ) + Average inventories) (m) Operating margin (%) = (EBITDA - Other Income + Revenue from operations) {n) Net profit margin (%) = (Net Proft/Loss after tax + Revenue from operations) (7) As per Ind AS 108 “Operating Segments", if a financial report contains both conselidated financial results and the separate financial results of the Parent Company, segment information may be presented on the basis of the consolidated financial results. Thus, disclosure required by regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 on segment information has been furnished in consolidated financial results. (8) Previous period's/year's figures have been regrouped/reclassified wherever necessary to confirm with the current period/year figures. The impact of such reclassification/regrouping is not material to the standalone financial results. Piace: Gurugram Date: 03 February 2026 > IT NED FOR SIG IDENTIFICATION PURPOSES ONLY For and on behalf on Board of Directors Signatureglobal (India) Limited Ravi Aggarwal Managing Director Is: 00203856
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Walker Chandiok & Co LLP Walker Chandiok & Co LLP 21 Floor, DLF Square Jacaranda Marg, DLF Phase Il Gurugram — 122 002 India T +91 124 4628099 F +91 124 4628001 Independent Auditor’s Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Financial Results of the Company pursuant to Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Signatureglobal (India) Limited 1. We have reviewed the accompanying statement of standalone unaudited financial results (‘the Statement’) of Signatureglobal (India) Limited (‘the Company’) for the quarter ended 31 December 2025 and the year to date results for the period 1 April 2025 to 31 December 2025, being submitted by the Company pursuant to the requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (‘Listing Regulations’). The Statement, which is the responsibility of the Company’s management and approved by the Company'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 (‘the Act’), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations. 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. 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 the Standards on Auditing specified under section 143(10) of the Act, 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. ©. with limited liability with identification number AAC-2085 and its registered eG ao Chartered Accountants Ko, aagp ey Walker Chandiok & Co LLP is registered Offices in Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune =| * office at L-41 Connaught Circus, New Delhi, 110001, India
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Walker Chandiok & Co LLP Independent Auditor’s Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Financial Results of the Company pursuant to Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI Listing Regulations (cont’d) 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 Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 ane SMANDIOS Deepak ‘Mittal King f ON Partner = va Membership No. 503843 = 5 eA Jey UDIN:26S03843NOMIEEF8 83 Oe / N&o Aco Place: Gurugram Date: 3 February 2026 Chartered Accountants
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A. Statement of utilization of issue proceeds: Annexure-II Name ISIN of the Issuer Mode of Fund Raising (Public Issues / Private Placement ) Type of instrument Date of raising funds 1 2 3 4 5 Amount Raised Funds utilized | Any deviation (Yes/ No) If 8 is Yes, then specify the purpose of for which the funds were utilized Remarks, if any 6 7 9 10 SIGNATURE |INE903U07087 GLOBAL (INDIA) LIMITED Private Placement Rated, Listed, Secured, Redeemable, Non- Convertible Debentures 16.10.2025 Rs. 8,75,00,00,000/- (Rupees Eight Hundred Seventy Five Crores only) Rs. 8,75,00,00,000/ (Rupees Eight Hundred Seventy Five Crores only) B. Statement of deviation/ variation in use of Issue proceeds: No Not Applica ble Nil Particulars Remarks | Nate of listed entity SIGNATUREGLOBAL (INDIA) LIMITED Mode of fund raising Type of instrument Private Placement =| Rated, Listed, Secured, Redeemable, Non-Convertible Debentures | Date of raising funds 16.10.2025 Amount raised Rs. 8,75,00,00,000/- (Rupees Eight Hundred Seventy Five Crores only) Report filed for quarter ended 31° December, 2025 Ts there a deviation/ variation in use of funds raised? No
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Whether any approval is required to vary the objects of the issue stated | Not Applicable _in the prospectus/ offer document? If yes, details of the approval so required? Not Applicable Date of approval Not Applicable Explanation for the deviation/ variation Not Applicable Comments of the audit committee after review No Comments Comments of the auditors, if any No Comments Objects for which funds have been raised and where there has been a deviation/ variation, in the following table: Original object | Modified Original Modified | Funds utilised | Amount of deviation/ Remarks, if any object, ifany | allocation allocation, variation for the quarter if any according to applicable object - | (in Rs. crore and in %) Not Applicable Deviation could mean: a. Deviation in the objects or purposes for which the funds have been raised. b, Deviation in the amount of funds actually utilized as against what was originally disclosed. o oal aa (Soren q i$ \o, se " | | New Dethi]& Name of sigtiatory: Ravi Aggarwal OD 4 Designation: Managing Director OW _€ 7 * oF Date: 03.02.2026
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Annexure-Ill Walker Chandiok &Co LLP Walker Chandiok & Co LLP 21° Floor, DLF Square Jacaranda Marg, DLF Phase }l Gurugram — 122 002 India T +91 124 4628099 F +91 124 4628001 Independent Auditor’s Certificate on the Statements of book values of the assets offered as security against rated, listed, secured, redeemable, non-convertible debentures (NCDs) pursuant to Regulation 15(1)(t)(i)(a) of SEBI (Debenture Trustees) Regulations, 1993 read with Clause 1.1 of Chapter V of SEBI operational circular for Debenture Trustees dated 13 August 2025 To The Board of Directors Signatureglobal (India) Limited Unit no.101, Ground Floor, Tower-A, Signature Tower, South City-1, Gurugram, Haryana - 122001 1. This certificate is issued in accordance with the terms of our engagement letter dated 30 January 2026 with Signatureglobal (India) Limited (‘the Company’). 2. The accompanying Statements comprising of 1) Statement for security cover basis standalone financial results of the Company (Section |) and 2) Statement for security cover basis standalone financial results, underlying books of account and other relevant records and documents of the Company and Signatureglobal Business Park Limited (‘SBPL’) (Section II) in order to provide overall/complete information, containing details of book values of the assets offered as security against rated, listed, secured, redeemable, non-convertible debentures (NCDs) of the Company outstanding as at 31 December 2025 (collectively hereinafter referred to as ‘the Statements’) have been prepared by the Company’s management for the purpose of submission of the Statements along with this certificate to the Debenture Trustee of the Company, pursuant to the requirements of Regulation 15(1)(t}(i)(a) of SEB! (Debenture Trustees) Regulations,1993 (as amended) (Debenture Trustees Regulations) read with Clause 1.1 of Chapter V of SEBI master circular for Debenture Trustees dated 13 August 2025 (collectively referred to as ‘the Regulations’) and also, for the purpose of submission to Bombay Stock Exchange (‘BSE’). We have initialled the Statement for identification purposes only. 3. The Company has entered into a Debenture Trust Deed (‘DTD’) dated 30 September 2025 with Vistra ITCL (India) Limited ((Debenture Trustee’) in relation to 87,500 rated, listed, secured, redeemable, non-convertible debentures (‘NCDs’) having a nominal value of Rs. 0.10 million each, aggregating to Rs. 8,750.00 million, under ISIN number INE903U07087. Management’s Responsibility for the Statements 4. The preparation of the Statements, including the preparation and maintenance of all accounting and other relevant supporting records and documents, is solely the responsibility of the management of the Company. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the Statement and applying an appropriate basis of preparation; and making estimates that are reasonable in the circumstances. Chartered Accountants Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and its registered office at L41 Connaught Circus, New Delhi, 110001, India Offices in Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune
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Walker Chandiok & Co LLP Independent Auditor’s Certificate on the Statements of book values of the assets offered as security against NCDs pursuant to Regulation 15(1)(t)(i)(a) of SEBI (Debenture Trustees) Regulations, 1993 read with Clause 1.1 of Chapter V of SEBI operational circular for Debenture Trustees dated 13 August 2025 (cont'd) 5. The management is also responsible for ensuring the compliance with the requirements of the Regulations and the DTD as mentioned in paragraph 2 and 3 above, for the purpose of furnishing these Statements and for providing ail relevant information to the Debenture Trustee. Auditor’s Responsibility 6. 10. G Chartered Accountants fa Pursuant to requirements as referred to in paragraph 2 above, it is our responsibility to provide limited assurance in the form of a conclusion as to whether anything has come to our attention that causes us to believe that the details as included in the accompanying Statements regarding maintenance of security cover of the outstanding principal amount and interest on the NCDs of the Company as at 31 December 2025, as required under Clause 15.1(e)(i) of DTD, are, in all material respects, not in agreement with the unaudited standalone financial results of the Company, underlying books of account and other relevant records and documents maintained by the Company and SBPL for the nine-months period ended 31 December 2025, pursuant to Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI LODR’) and that the calculation thereof is not arithmetically accurate. The unaudited standalone financial results of the Company, referred to in paragraph 6 above, have been reviewed by us, on which we have expressed an unmodified conclusion vide our report dated 3 February 2026. Our review of standalone financial results was conducted 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 (‘the ICAI’). This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial information is free of material misstatement. A review is limited primarily to inquiries of the Company personnel and analytical procedures applied to the financial data and thus, provides less assurance than an audit. We have not performed an audit and accordingly, we did not express an audit opinion. We conducted our examination of the Statements in accordance with the Guidance Note on Reports or Certificates for Special Purposes (Revised 2016) (‘the Guidance Note’) issued by the ICAI. The Guidance Note requires that we comply with the ethical requirements of the Code of Ethics issued by the ICAI. We have complied with the relevant applicable requirements of the Standard on Quality Control (SQC) 1, Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements, issued by the ICAI. The procedures performed in a limited assurance engagement vary in nature and timing from, and are less in extent than for, a reasonable assurance engagement; and consequently, the level of assurance obtained in a limited assurance engagement is substantially lower than the assurance that would have been obtained had a reasonable assurance engagement been performed. The procedures selected depend on the auditor's judgment, including the assessment of the areas where a material misstatement of the subject matter information is likely to arise. We have performed the following procedures in relation to Section | and Section II of the accompanying Statement: a. Obtained the list and value of assets offered as security against listed debt securities of the Company outstanding as at 31 December 2025 and read the DTD dated 30 September 2025 pursuant to which the NCDs have been issued; b. Traced the book values of assets and principal amount of the NCDs including outstanding interest as at 31 December 2025 in Section | and Il of the Statements as mentioned in Column ‘A’ to ‘J’ to the unaudited standalone financial results, underlying books of account and other relevant records and documents maintained by the Company for the quarter and period ended 31 December 2025, which have been subjected to limited review as mentioned in paragraph 7 above; c. Traced the book values of secured assets forming part of the security cover details for the listed NCDs as mentioned in column ‘C’ of Section II of the Statement to the underlying books of account and other relevant records and documents maintained by SBPL for the period ended 31 December 2025; d. Recomputed the security coverage ratio based on the information as obtained in the point(a) to (c); ZNDIODS, yore
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Walker Chandiok & Co LLP Independent Auditor’s Certificate on the Statements of book values of the assets offered as security against NCDs pursuant to Regulation 15(1)(t}(i)(a) of SEBI (Debenture Trustees) Regulations, 1993 read with Clause 1.1 of Chapter V of SEBI operational circular for Debenture Trustees dated 13 August 2025 (cont'd) e. Obtained and verified the list of security mentioned in the register of charges maintained by the Company and SBPL, ‘Form No. CHG-9’ filed with Ministry of Corporate Affairs (‘MCA’) by the Company and ‘Form No. CHG-1 filed with MCA by SBPL and; f. Wewere not required and have not performed any other procedures with respect to any other financial numbers/disclosure appearing in of the accompanying Statement from column “K” to column “O” with respect to market value of assets and liabilities covered by this certificate; g. Verified the arithmetical accuracy of the Statements; and h. Obtained necessary representations from the management. Conclusion 11. Based on our examination and the procedures performed as per paragraph 10 above, evidence obtained, and the information and explanations given to us, along with other necessary representations provided by the management, nothing has come to our attention that causes us to believe that details as included in of the accompanying Statements regarding maintenance of security cover of the outstanding principal amount and interest on the NCDs of the Company as at 31 December 2025 as required under Clause 15.1(e)(i) of DTD referred in paragraph 3 above, are, in all material respects, not in agreement with the unaudited standalone financial results of the Company, underlying books of account and other relevant records and documents maintained by the Company and SBPL for the quarter and nine months period ended 31 December 2025, and that the calculation thereof is not arithmetically accurate. Restriction on distribution or use 12. 13. Our work was performed solely to assist you in meeting your responsibilities in relation to your compliance with the Regulations. Our obligations in respect of this certificate are entirely separate from, and our responsibility and liability is in no way changed by, any other role we may have or have had as the statutory auditors of the Company or otherwise. Nothing in this certificate, nor anything said or done in the course of or in connection with the services that are the subject of this certificate, will extend any duty of care we may have in our capacity as statutory auditors of the Company. The certificate is addressed to and provided to the Board of Directors of the Company solely for the purpose of enabling it to comply with the requirements of the Regulations, which inter alia, require it to submit this certificate along with the Statement to the Debenture Trustee of the Company and for the purpose of submission to BSE and therefore, this certificate should not be used, referred to or distributed for any other purpose or to any other party without our prior written consent. Accordingly, we do not accept or assume any liability or any duty of care for any other purpose or to any other person to whom this certificate is shown or into whose hands it may come without our prior consent in writing. For Walker Chandiok & Co LLP Chartered Accountants Firm’s Registration No.: 001076N/N500013 Deepak Mittal Partner Membership No.: 503843 Place: Gurugram Date: 3 February 2026 Chartered Accountants
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Signatureglobal (India) Limited Section I- Computation of Security Cover Ratio as on 31 December 2025 suant to SEBI circular d: Column B Column € Column D Column E lated 13 Auyust 2025 - Table for security cover (on consolidated basis) of the Issuer Column F Column G Column H Column I Column J ColumnK | Column L |. CoumnaM | — ColumnN Particulars Description of asset for which this certificate relate Exclusive Charge Exclusive Charge Debt for which this certificate being issued (Refer Note 4) Other Secured Debt Pari Passu Charge Debt for which this certificate being issued Pari Passu Charge Pari Passa Charge Assets shared by Paripassu debt holder {includes debt for which this certificate is issued & other debt with paripassu charge} Other assets on which there is Pari Passu charge (excluding items covered in column F) Assets not offered as Security Elimination | (amount in negative) Debt amount considered more than once (due to exclusive plus, paripassu charge) {Total C to HD Market Value for Assets charged on Exclusive basis (Refer Note 4) Related to only those items covered by this certificate Com Carrying/book value for exclusive charge assets where market value is not ascertainable or applicable (Far Eg. bank Balance, DSRA, market value is not applicable) Carrying valnefbook value for Pari Passu charge assets where market value is not ascertainable or applicable (For Eg. bank Balance, DSRA, market value is not applicable) Market Value for Pari passu charge Assets Total value= (K+L+M+4N) Relating to Column F Book Value Book Value Yes/ No Book Value Book Value Book Value |ASSETS | Property, Plant and Equipment (refer note 3) Leasehold improvements, Plant and machinery, Fumiture and fixtures, Computers and Vehicles Right-of-use assets 314.43 192.24 519.67 228.53 228.53 Intangible assets - 6.93 6.93 Investments Investment in subsidiaries : 3,139.49 3,139.49 Loans Loans given to subsidiaries and other loans Inventories (refer note 3 and 4) 19,574.71 19,574.71 Projects in prowress and stock in hand 14,878.51 3,407.78 27,425.77 7,158.94 $2,871.01 36,764.00 Trade Receivable Trade receivables 139.66 - 4,558.25 4,697.91 36,764.00 | Cash and Cash Bijuivalents Cash and cash equivalents Bank Balances other than Cash and Cash Equivalents 349.88 : 3,849.59 4,199.47 Bank Balances other than cash and cash Equivalents 732.96 432.54 1,493.89 Other financial assets Unbilled revenue and non-current deposits “ 1,652.17 1,876.89 Other assets Advances, prepaid expenses including prepaid brokerage and Balance with statutory authorities 21,14 5,849.27 5,849.27 Taxes Income tax and deferred tax assets = 1,192.34 | 1,192.34 Total 16,135,15 4,254.18 27,425.77 47,835.00 | 95,650.11 36,764.00 36,764.00 LIABILITIES Debt securities to which this certificate pertains Non-convertible debentures (NCDs) 8,641.22 Yes 8,641.22 8,750.00 8,750.00 Term Loan ‘Term loan, cash credit facilities and vehicle loans 22,799.13 No 22,799.13 Others Total Other current and non financial liabilities, Other current liabilities 203.05 353.40 8,844.27 556.45 31,996.80 203.05 8,953.05 | 203.05 8,953.05 Cover on book value . 1,82 Cover on market value 41 Notes: 4. The amounts disclosed in column A to J have been accurately extracted from the unaudited standalone financial results of Signatureglobal (India) Limited (‘the Company’), underlying books of account and other relevant records and documents of the Company and Signatureglobal Business Park Limited (‘SBPL’), for the quarter and nine months period ended 31 December 2025. The financial results have been prepared in accordance with Indian Accounting Standards 34, Interim Financial Reporting (‘Ind AS - 34'), as prescribed under Section 133 of the Companies Act, 2013 (the Act) read with relevant rules issued thereunder and other accounting principles generally accepted in India and are in compliance with Regulation 33 and 52 read with Regulation 63 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). 2. Outstanding debt securities to which this certificate pertains to amount to Rs. 8,750.00 October 2025. 3. The assets given as security inchides the specified assets of Signaturegiobal Business Park Limited (refer foot note @ below for details) and the specified assets of Signatureglobal India Limited, as defined in the Debenture Trust Deed. 4, The total market value of inventories/ project in progress of SBPL held as security, for which this certificate has been issued, has been derived from the valuation report dated 30 January 2026, issued by Anuradha L, MRICS, a xegistered valuer with the Insolvency and Bankruptcy Board of India. n {without netting off of unamortized transaction cast) as at 31 December 2025 (87,500 Rated, Listed, Secured, Redeemable, NCDs of nominal value of Rs. 100,000 each). The non-convertible debentures of the Company were listed on BSE Limited (BSE) on 17 @ Assets of Signaturegiobal Business Park Limited (‘SBPL’) includes project in progress amounting to Rs. 14,878.51 million, pertaining to the integrated township comprising Project Daxin X-Factor, Project Daxin Vistas, the Commercial Project and other project developed or to be developed on the plots spread across the Project Lands and Larger Lands together with all buildings constructed and to be constructed thereon (together referred to as ‘the projects’) location at Sohna, Gurugram, Haryana and Property, plant and equipment amounting to Rs. 13.00 millions {moveable assets) in relation to the aforesaid projects. For and on behalf on Board of Directors Signatureglobal (India) Limited Ravi Aggarwal Managing Director DIN: 00203856 yee taf SIGNED FOR IDENTIFICATION PURPOSES ONLY
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Signatureglobal (India) Limited Section I- Computation of Security Cover Ratio as on 31 December 2025 pursuant to SEBI circular dated 13 August 2025 - Table for security cover (on standalone basis) of the Issuer Column A Column B Column C Column D | Column E ~ Column F Column G Column H Column I Column Column K (All amounts are in Rs. millions, unless ot T Column L | Column M Column N Particulars Description of asset for which this certificate relate Exclusive Charge Exclusive Charge | Pari Passtt Pari Passu Charge Pari Passu Charge Charge Debt for which this certificate being issued Other Secured Debt Assets shared by Paripassu debt holder (includes debt for which this certificate is issued & other debt with paripassu charge) Other assets on which there is Pari Passu charge (excluding items covered in column F} Debt for which this certificate being issued Elimination (amount in |__negative) _| Debt amount considered more than once (due to exclusive plus, paripassa charge) Assets not offered as Security ({Tetal C to H} Related to only those items covered by this certificate herwise specified) | _ Column O_| Market Value for Assets charged on Exclusive basis Carrying/book value for exclusive charge assets where market value is not ascertainable or applicable (For Eg. bank Balance, DSRA, market value is not applicable) Carrying value/book value for Pari Passu charge assets where market value is not ascertainable or applicable (For Eg. bank Balance, DSRA, market value is not | applicable) —— Relating to Column F Market Value for Pari passu charge Assets Total value= (K+L+M+N) ASSETS Book Value Book Value Yes/ No Book Value Book Value Book Value Property, Plant and Equipment Leasehold improvements, Plant and machinery, = Furniture and fixtures, Computers and Vehicles 314.43 No = - 192.24 506.67 Right-of-use assets 228.53 = 228.53 Intangible assets 6.93 6.93 Investments Investment in subsidiaries Loans Loans given to subsidiaries and other loans 3,139.49 3,139.49 19.574.71 19 574.71 Inventories Projects in progress and stock in hand 3,407.78 7,158.94 « 37,992.50 Trade Receivable Trade receivables 4,558.25 . 4,697.91 Cash and Cash Equivalents _ Equivalents ‘Bank Balances other than Cash and Cash Equivalents Bank Balances other than cash and cash 328.39 3,849.59 = 4,199.47 432.54 “ 1,493.89 Other financial assets Other assets Unbilled revenue and non-current d 203.58 No - = 1,652.17 1,876.89 Advances, prepaid expenses including prepaid brokerage and Balance with statutory authorities No - - 5,849.27 = 5,849.27 Taxes Income tax and deferred tax assets No = 1,192.34 = 1,192.34 Total 1,243.64 4,254.18 - 27,425.77 47,835.00 - 80,758.60 LIABILITIES Debt securities to which this certificate pertains Term Loan Non-convertible debentures (NCDs) 8,641.22 8,641.22 8,750.00 Others Term loan, cash credit facilities and vehicle loans : 22,799.13. 22,799.13 8,750.00 current liab: Other current and non financial liabilities, Other 203.05 353.40 556.45 203.05 203.05 Total 8,844.27 23,152.53. Cover on Book Value 0.14 31,996.80 8,953.05 8,953.05 | Cover on Market Value Notes: 1. The amounts disclosed in column A to J have been accurately extracted from the unaudited standalone financial results of Signatureglobal (India) Limited (‘the Company’) for the quarter and nine months period ended 31 December 2025. These financial results have been prepared in accordance with Indian Accounting Standards 34, Interim Financial Reporting (Tad AS - 34°), as prescribed under Section 133 of the Companies Act, 2013 (the Act) read with relevant mules issued thereunder and other accounting principles generally accepted in India and are in compliance with Regulation Regulations, 2015 (as amended). 2. Outstanding debt securities to which this certificate pertains to amount to Rs. 8,750.00 million (without netting off of uamortized transaction cost) as at 31 December 2025 (87,500 Rated, Listed, Secured, Redeemable, Limited (‘BSE’) on 17 October 2025, 33 and 52 read with Regulation 63 of SEBI (Listing Obligations and Disclosure Requirements) NCDs of nominal value of Rs. 100,000 each). The non-convertible debentures of the Company were listed on BSE 3. The assets given as security includes the specified assets of Signatureglobal Business Park Limited {refer foot note @ below for details) and the specified assets of Signatureglobal India Limited, as defined in the Debenture Trust Deed, The book value of such specified assets of the Company has been disclosed above in Section I of the Statement, while the book value of the consolidated specified assets of the Company and Signatureglobal Business Park Limited (‘SBPL’} have been disclosed, in the attached Section IT of the Statement. @ Assets of Signatureglobal Business Park Limited (‘SBPL’) includes project in progress amounting to Rs. 14,878.51 million, pertaining to the integrated township comprising Project Daxin X-Factor, Project Daxin Vistas, the Commercial Project and other project developed or to be developed on the plots spread across the Project Lands and Larger Lands together with all buildings constructed and to be constructed thereon (together referred to as ‘the projects’) location at Sohna, Gurugram, Haryana and Property, plant and equipment amounting to Rs. 13.00 millions (moveable assets) in relation to the aforesaid projects. For and on behalf of Board of Directors Signatureglobal (India) Limited Ravi Aggarwal Managing Director DIN: 00203856 Date: 3 February 2026 Place: Gurugram Ne Uf SIGNED FOR IDENTIFICATION PURPOSES ONLY TED ACCOY