SULA Q1 2027 Earnings Report

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SULA VINEYARDS * 6th August , 2026 To , National Stock Exchange of India Limited ( " NSE " ) , The Listing Department " Exchange Plaza " , 5th Floor Plot No. C / 1 , G Block , Bandra - Kurla Complex Bandra ( East ) , Mumbai - 400 051 . NSE Symbol : SULA ISIN : INE142Q01026 Dear Sir / Madam , BSE Limited ( " BSE " ) , Corporate Relationship Department , 2nd Floor , New Trading Ring , P.J. Towers , Dalal Street , Mumbai - 400 001 . BSE Scrip Code : 543711 ISIN : INE142Q01026 Sub : Outcome of the Board Meeting - 6th August , 2026 In continuation to our letter dated 30th July , 2026 and in terms of Regulation 30 , 33 of SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 ( " SEBI Listing Regulations " ) , the Board of Directors of the Company at its meeting held today i.e. Thursday , 6th August , 2026 , has inter - alia , considered and approved unaudited standalone and consolidated financial results of the Company for the quarter ended 30th June , 2026 , along with limited review reports thereon issued by the Statutory Auditors of the Company . Enclosed herewith , a copy of the unaudited financial results along with the limited review report for the quarter ended 30th June , 2026 . The meeting of the Board of Directors commenced at 2:48 p.m. and concluded at 3:44 p.m. The aforesaid information is also being made available on the website of the Company at https://sulavineyards.com/investor-relations.php . Kindly take the above information on record . You are requested to take the above information on your record . Thanking you , For Sula Vineyards Limited RC- Gayathri Iyer ayd Company Secretary and Compliance Officer Membership No : A38069 VINEYARDS MUMBAI LIMITED Sula Vineyards Limited ( Formerly known as Sula Vineyards Private Limited ) Regd . Office : 201 A , Solaris One , N. S. Phadke Marg , Andheri ( E ) , Mumbai - 400 069 , Maharashtra , India Tel : +91 22 6128 0606 / 607 Fax : +91 22 2684 6064 Email : info@sulawines.com CIN : L15549MH2003PLC139352 Winery : Gat 36/2 , Govardhan Village , Gangapur - Savargaon Road , Nashik 422222 , Maharashtra , India Tel : +91 253 3027 7777/701 www.sulavineyards.com

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Walker Chandiok & Co LLP Walker Chandiok & Co LLP 42nd Floor, Building Commerz III, International Business Park, Oberoi Garden City, Off Western Express Highway, Goregaon (East), Mumbai-400063 T +91 22 6626 2699 Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Sula Vineyards Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results (‘the Statement’) of Sula Vineyards 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 30 June 2026, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (‘Listing Regulations’). 2. 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 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 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 Accounlants 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 Offices in Ahmedabad, Bengaluru, Bhubaneswar, Chandigarh, Chennai, Dehradun, Goa, Gurugram, Guwahati, Hyderabad, Indore, Jaipur, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune

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Sula Vineyards Limited Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) 4. Based on our review conducted and procedures performed as stated in paragraph 3 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 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Walker Chandlok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 Khushroo B. Panthaky Partner Membership No.: 42423 UDIN: 26042423ULMHVL3316 Place: Mumbai Date: 6 August 2026 Chartered Accountants 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 Offices in Ahmedabad, Bengaluru, Bhubaneswar, Chandigarh, Chennai, Dehradun, Goa, Gurugram, Guwahati, Hyderabad, Indore, Jaipur, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune

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SULA VINEYARDS STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2026 (Amount in INR crore, unless otherwise stated) Sr. Particulars Quarter ended Year ended No 30 June 2026 31 March 2026 30 June 2025 31 March 2026 Unaudited Unaudited (Refer note 5) Unaudited Audited 1 Income (a) Revenue from operations 120.79 142.56 118.29 596.19 (b) Other income 2.38 1.61 0.98 4.33 Total Income (a+b) 123.17 144.17 119.27 600.52 2 Expenses (a) Cost of materials consumed 12.40 71.96 10.28 110.23 (b) Purchases of stock-in-trade 7.16 13.14 8.41 41.54 (c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 16.03 (51.01) 9.85 15.04 (d) Excise duty on sales 7.91 7.65 8.65 40.32 (e) Employee benefits expense 22.01 20.41 23.35 91.71 (f) Finance costs 7.18 7.14 7.51 31.39 (g) Depreciation and amortisation expenses (h) Other expenses: 10.28 10.08 9.21 39.17 - Selling, distribution and marketing expenses 13.92 20.05 15.48 82.55 - Others 24.76 32.63 23.97 111.36 Total expenses (a+b+c+d+e+f+g+h) 121.65 132.05 116.71 563.31 3 Profit before exceptional Item and tax (1-2) 1.52 12.12 2.56 37.21 4 Exceptional Item (Refer note 4) - (0.12) - (1-82) I 5 Profit before tax (3+4) 1.52 12.00 2.56 35.39 6 Tax expense / (credit) (a) Current tax 1.21 2.45 0.97 10.58 (b) Deferred tax (0.75) 0.96 (0.35) (0.84) Total tax expenses (a+b) 0.46 3.41 0.62 9.74 7 Net profit for the quarter/ year (5-6) 1.06 8.59 1.94 25.65 8 Other comprehensive Income (OCI) (a) Items that will not be reclassified to profit or loss - Gain on remeasurement of defined benefit plans (net of tax) 0.04 1.62 0.04 1.94 (b) Items that will be reclassified to profit or loss = e • - Other comprehensive Income for the quarter/ year, net of tax 0.04 1.62 0.04 1.94 9 Total comprehensive Income for the quarter/ year (7+8) 1.10 10.21 1.98 27.59 Net profit for the quarter/ year attributable to: Owners of the parent 1.06 8.59 1.94 25.65 Non-controlling interest - - - Other comprehensive Income for the quarter/ year attributable to: Owners of the parent 0.04 1.62 0.04 1.94 Non-controlling interest - - • - Total comprehensive Income for the quarter/ year attributable to: Owners of the parent 1.10 10.21 1.98 27.59 Non-controlling interest - - - • 10 Paid up equity share capital (Face value of INR 2 each) 16.89 16.89 16.89 16.89 11 Other equity (excluding revaluation reserve) 570.51 12 Earnings per equity share of face value INR 2 each (Not annualised for the quarters) (a) Basic (In INR) 0.13 1.02 0.23 3.04 (b) Diluted (In INR) See accompanying notes to consolidated unaudited financial results 0.13 1.02 0.23 3.04 .CMMDOr, S 3o () ' 17BAI { * jg x Sula Vineyards Limited (Formerly known as Sula Vineyards Private Limited) NeonccoRegd. Office: 201 A, Solaris One, N. S. Phadke Marg, Andheri (E), Mumbai - 400 069, Maharashtra, Indi —Tel:+91 22 6128 0606/ 607 Fax: +91 22 2684 6064 Email: info@sulawines.com CIN: L15549MH2003PLC139352 Winery: Gat 36/2, Govardhan Village, Gangapur-Savargaon Road, Nashik 422222, Maharashtra, India Tel: +91 253 3027 11111 701 www.sulavineyards.com

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SULA VINEYARDS STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2026 Notes: 1 The consolidated unaudited financial results for the quarter ended 30 June 2026 (the 'Statement') of Sula Vineyards Limited (the 'Holding Company1) and its subsidiaries (Holding Company and Its subsidiaries together referred to as 'the Group') have been prepared in accordance with the Indian Accounting Standards ('Ind AS') as specified under Section 133 of the Companies Act, 2013 ('the Act') read with Companies (Indian Accounting Standards) Rules 2015, and are in compliance with the presentation and disclosure requirements of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). These results have been reviewed and recommended to the Board of Directors by the Audit Committee and subsequently approved by the Board of Directors of the Holding Company at their respective meetings held on 6 August 2026. 2 The Group is engaged in the business of manufacture, purchase and sale of alcoholic beverages (wines and spirits) The Chief Operating Decision Makers (which include the CEO, CFO, COO and members of the Board of Directors of the Holding Company) monitor and review the operating result of the Group as a whole. Therefore, there are no reportable segments for the Group as per requirements of Ind AS 108 Operating Segments'. Further, considering the seasonality of the business, the revenue, costs and profits do not accrue evenly over the year and therefore the quarterly results may vary and not be strictly comparable. 3 During the quarter ended 30 June 2026, the Holding Company has sold its office property in Mumbai for a consideration of INR 27.00 crores and consequently profit on aforesaid sale of INR 1.79 crores was recognised in other income. 4 During the year ended 31 March 2026, the Group has recognised an impairment loss of INR 182 crores in respect of certain intangible assets i.e. brands along with related goodwill in accordance with Ind AS 36, "Impairment of Assets". This impairment loss being non-recurring in nature has been presented as an exceptional item in the consolidated financial results. 5 The figures for the quarter ended 31 March 2026 are the balancing figures between the audited consolidated figures for the year ended on that date and the unaudited consolidated published year-to-date figures up to the end of the third quarter of the financial year, which was subjected to a limited review by the statutory auditors. Place: Mumbai Date : 6 August 2026 For Sula Vineyards Limited Rajeev Samant CEO and Managing Director DIN:00020675 www.sulavineyards.com

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Walker Chandiok &Co LLP Walker Chandiok & Co LLP 42nd Floor, Building Commerz III, International Business Park, Oberoi Garden City, Off Western Express Highway, Goregaon (East), Mumbai-400063 T +91 22 6626 2699 Independent Auditor’s Review Report on Standalone Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Sula Vineyards Limited 1. We have reviewed the accompanying statement of standalone unaudited financial results (‘the Statement’) of Sula Vineyards Limited (‘the Company’) for the quarter ended 30 June 2026, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations’). 2. 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 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 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. Chartered Accountants 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 Offices in Ahmedabad, Bengaluru, Bhubaneswar, Chandigarh, Chennai, Dehradun, Goa, Gurugram, Guwahati, Hyderabad, Indore, Jaipur, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune

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Sula Vineyards Limited Independent Auditor’s Review Report on Standalone Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) 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 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Walker Chandlok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 Khushroo B. Panthaky Partner Membership No.: 42423 UDIN: 26042423SMIEWA1694 Place: Mumbai Date: 6 August 2026 Chartered Accountants Walker Chandlok & 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 Offices in Ahmedabad, Bengaluru, Bhubaneswar, Chandigarh, Chennai, Dehradun, Goa, Gurugram, Guwahati, Hyderabad, Indore, Jaipur, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune

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VINEYARDS STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2026 (Amount in INR crore, unless otherwise stated) Sr. No. Particulars Quarter ended Year ended 30 June 2026 31 March 2026 30 June 2025 31 March 2026 Unaudited Unaudited (Refer note 6) Unaudited Audited 1 Income (a) Revenue from operations 106.65 111.24 99.31 500.44 (b) Other income 2.64 1.98 1.79 6.26 Total Income (a+b) 109.29 113.22 101.10 506.70 2 Expenses (a) Cost of materials consumed 8.12 61.09 8.11 95.83 (b) Purchase of stock-in-trade 5.65 9.61 7.12 30.58 (c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 17.72 (44.91) 10.38 19.01 (d) Excise duty on sales 7.59 7.07 8.23 38.38 (e) Employee benefits expense 20.00 18.31 21.66 83.99 (f) Finance costs 5.41 5.74 6.18 25.66 (g) Depreciation and amortisation expenses (h) Other expenses: 7.53 7.42 7.53 30.17 - Selling, distribution and marketing expenses 12.25 17.82 13.49 74.24 - Others 19.65 27.49 19.50 93.02 Total expenses (a+b+c+d+e+f+g+h) 103.92 109.64 102.20 490.88 3 Profit/ (loss) before exceptional item and tax (1-2) 5.37 3.58 (1.10) 15.82 4 Exceptional item (Refer note 4) (8.11) • (8.11) 5 Profit/ (loss) before tax (3+4) 5.37 (4.53) (1.10) 7.71 6 Tax expense / (credit) (a) Current tax 0.98 0.40 3.67 (b) Deferred tax 0.33 0.83 (0.19) 0.94 Total tax expense / (credit) (a+b) 1.31 1.23 (0.19) 4.61 7 Net proflt/(loss) for the quarter/ year (5-6) 4.06 (5.76) (0.91) 3.10 8 Other comprehensive income (OCI) (a) Items that will not be reclassified to profit or loss - Gain on remeasurement of defined benefit plans (net of tax) 0.03 1.43 0.05 1.77 (b) Items that will be reclassified to profit or loss - — - - Other comprehensive income for the quarter/ year, net of tax 0.03 1.43 0.05 1.77 9 Total comprehensive income/ (loss) for the quarter/ year (7+8) 4.09 (4.33) (0.86) 4.87 10 Paid up equity share capital (Face value of INR 2 each) 16.89 16.89 16.89 16.89 11 Other equity (excluding revaluation reserve) 536.33 12 Earnings per equity share of face value INR 2 each (Not annualised for the quarters) (a) Basic (in INR) 0.48 (0.68) (0.11) 0.37 (b) Diluted (in INR) See accompanying notes to standalone unaudited financial results 0.48 (0.68) (0.11) 0.37 (( 3 mumbai) 5Sula Vineyards Limited (Formerly known as Sula Vineyards Private Limited) d. Office: 201 A, Solaris One, N. S. Phadke Marg, Andheri (E), Mumbai - 400 069, Maharashtra, India +91 22 6128 0606/ 607 Fax: +91 22 2684 6064 Email: info@sulawines.com CIN: L15549MH2003PLC139352 Winery: Gat 36/2, Govardhan Village, Gangapur-Savargaon Road, Nashik 422222, Maharashtra, India Tel: +91 253 3027 7777/ 701 www.sulavineyards.com

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SULA VINEYARDS STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2026 Notes: 1 The standalone unaudited financial results for the quarter ended 30 June 2026 (the 'Statement') of Sula Vineyards Limited (the 'Company') have been prepared in accordance with the Indian Accounting Standards (’Ind AS’) prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015 as amended, and are in compliance with the presentation and disclosure requirements of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). These results have been reviewed and recommended to the Board of Directors by the Audit Committee and subsequently approved by the Board of Directors of the Company at their respective meetings held on 6 August 2026. 2 The Company is engaged in the business of manufacture, purchase and sale of alcoholic beverages (wines and spirits). The Company’s Chief Operating Decision Makers (which include the CEO, CFO, COO and members of the Board of Directors) monitor and review the operating results of the Company as a whole. Therefore, there are no reportable segments for the Company as per requirements of Ind AS 108, 'Operating Segments’. Further, considering the seasonality of the business, the revenue, costs and profits do not accrue evenly over the year and therefore the quarterly results may vary and not be strictly comparable. 3 During the quarter ended 30 June 2026, the Company has sold its office property in Mumbai for a consideration of INR 27.00 crores and consequently profit on aforesaid sale of INR 1.79 crores was recognised in other income. 4 During the quarter and year ended 31 March 2026, the Company recognised an impairment loss of INR 8.11 crores on its investment in a subsidiary in accordance with Ind AS 36, Impairment of Assets. The impairment loss has been presented as an exceptional item in the standalone financial results and is non-cash in nature. 5 The figures for the quarter ended 31 March 2026 are the balancing figures between the audited standalone figures for the year ended on that date and the unaudited standalone published year-to-date figures up to the end of the third quarter of the financial year, which was subjected to a limited review by the statutory auditors. Place: Mumbai Date : 6 August 2026 For Sula Vineyards Limited www.sulavineyards.com Rajeev Samant CEO and Managing Director DIN:00020675

Interim report