Interim report
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Date: October 30, 2026 To, Listing Department National Stock Exchange of India Limited Exchange Plaza, C-1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051. Symbol: SYRMA Department of Corporate Service BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001. Scrip Code: 543573 Subject: Outcome of Board Meeting held on October 30, 2026, under Regulation 30 and 33 read with Part A of Schedule Ill of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. Dear Sir/ Madam, With reference to the above captioned subject, this is to inform you that the Board of Directors of the Company in its meeting held today i.e October 30, 2026, which commenced at 01:30 P.M. IST and concluded at 4:20 P.M. IST, inter alia considered and approved the Unaudited (Standalone and Consolidated) Financial Results (“Results”) of the Company for the quarter and half year ended September 30, 2026 and have taken on record the limited review report thereon. (copy enclosed as Annexure – I). The aforesaid documents are also placed on the website of the Company at https://syrmasgs.com/. The same may please be taken on record and suitably disseminated to all concerned. For Syrma SGS Technology Limited Bhabagrahi Pradhan Company Secretary & Compliance Officer Membership No: F4921 Place: Gurgaon ENCL: as above.
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Walker Chandiok &..Co LLP Walker Chandiok & Co LLP 21st Floor, DLF Square Jacaranda Marg, DLF Phase II. Gurugram - 122 002 Haryana, India T +91124 462 8099 F +91 124 462 8001 Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results,-of Syrma SGS Technology Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Syrma SGS Technology Limited 1. We have reviewed the accompanying statement of consolidated unaudited financial results ('the Statement') of Syrma SGS Technology 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 September 2026 and the consolidated year to date results for the period 1 April 2026 to 30 September 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 lndependeflt 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, 8engaluru, Bhubaneswar, Chandigarh Chenna,, Dehradun. Goa, Gurugram, Guwahall, Hyderabad. Indore, Kochi, Kolkala, Mumbai. New Delhi. No,da and Pune Walker Chand1ok & Co LLP 1s registered with limited llab11tty with identification number AAC-2085 and ,ts registered office at L-41 Connaught Circus. New Deth, 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 Syrma SGS Technology Limited pursuant to the Regulation 33 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 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 information of thirteen subsidiaries included in the Statement whose financial information reflects total assets of z 8,676.36 million as at 30 September 2026, and total revenues of z 1,178.96 million and z 2,071.38 million, total net profit after tax oft 123.02 million and t 196.43 million, total comprehensive income oft 119.91 million and t 192. 97 million, for the quarter and six months period ended on 30 September 2026 respectively, net cash outflows of z 4.99 million for the six months period ended 30 September 2026, as considered in the Statement. These interim financial information/ financial results have been reviewed by other auditors whose review reports have been furnished to us by the Holding Company's 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. 6. The Statement includes the interim financial information of one subsidiary, which have not been reviewed by their auditors, whose interim financial information reflects total assets of z 33.30 million as at 30 September 2026, total revenues of z 9.86 million and t 15.87 million, net loss after tax of z 6. 71 million and z 14.08 million and total comprehensive loss oft 6.40 million and t 14.08 million for the quarter and six month period ended 30 September 2026 respectively, net cash inflows of z 1.12 million for the six months period ended 30 September 2026 as considered in the Statement and have been furnished to us by the Holding Company's management. Our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, are based solely on such unreviewed interim financial information. According to the information and explanations given to us by the management, this interim financial information is not material to the Group. Our conclusion is not modified in respect of this matter with respect to our reliance on the financial information certified by the Board of Directors. For Walker Chandiok & Co LLP Chartered Accountants F;rm �� No, 001076NIN500013 .--� Manish Agrawal Partner Membership No. 507000 UDIN: 26507000RXUCWM1228 Place: Gurugram Date: 30 October 2026 Chartered Accountants
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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 Syrma SGS Technology Limited pursuant to the Regulation 33 of the Listing Regulations (cont'd) Annexure 1 List of entities included in the Statement (in addition to the Holding Company): Subsidiary Companies: 1. SGS Solutions GMBH 2. Perfect ID India Private Limited 3. Syrma Technology Inc 4. Syrma Johari Medtech Limited (formerly known as Johari Digital Healthcare Limited) 5. Syrma Johari Medtech Inc (formerly known as Johari Digital Healthcare Inc) 6. Syrma Mobility Private Limited 7. Syrma Semicon Private Limited 8. Syrma SGS Design and Manufacturing Private Limited 9. Syrma SGS Technology and Engineering Services Limited 10. Syrma SGS Electronics Private Limited 11. Shinhyup Syrma Circuits Private Limited (formerly known as Syrma Strategic Electronics Private Limited) 12. Syrma Elecomp Private Limited (from 24 May 2025) 13 Syrma Components Private Limited (from 27 May 2025) 14. Elcome Integrated Systems Private Limited (from 16 December 2025) 15. Navicom Technology International Private Limited (from 31 December 2025) 16. Syrma Kaga Electronics Private Limited (from 18 August 2026) Chartered Accountants
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Syrm• SGS T,,:hnology limited C!N: LJ0007MH2004.PLCH8165 R1•gd. Offi,e: Unit F60l, Aor•I Deck Pin•, Andheri F,st, Mumb•i-!00093. l.-\mount in Rs. MiHionl State-ment of Consoliddted Un•udited Fin,:rnridJ Results for au.irter and six month oeriod ended 30 Sentt'mber 2026 Qua rter ended Qu•rter .nded Si:.. month Six month JO St!'ptrmlwr Quarter ende-d 30 September prriod endrd period ended Ye.uended SI. No. P..s.rtkul11r., 30 June 2020 30 St�plembt>r 30 Septemher 31 �lm:h 2026 2026 2025 2026 2025 (Un,udited) IUn•udited) !Un•udiied) (Urtaudiled) (Un•udited) ,\udited) I lnrnmr (d) Revt-nue from opt ... r!lt1ons 19,8%,80 15,886.18 11.458.87 35,782.98 20,898.67 48,190.59 (b) ,et p,cun on torr•1gn currenf\' flurtu1.tt:Jons" . 3UI . (r) OthC'r mcome 98.bS 150,64 87.H 249.32 151>.77 37�.07 Tot11l in\"01nc 19.995.48 16,036.82 11,546.31 36,032.30 21,086.75 48,568.66 2 Expenses (11) Cost ol m.,t�nd!S lOnsu111l-'t.t 14,0t,9.93 14,008.72 s,n95-1 28.078.b5 15,983.42 l5.445.o7 (b) Purthase of stod, 111 lr,,<le 871.21 22.76 17.42 S93.97 38.25 718.5� (c) Chttnp,,� ,n rn, entonrs of l1111sht'ti )!oods. f>lCKk•in•trilt.lt" ,rnd �, orl...•111 •progn .. >s� 762.lb (2,039.07) (lo.55) (1,276.91) (IS-I.bl) (318.17) (d) En1plo, � hrnc-f1tc; t''\l>l.'nw 8fa67 752.93 314.t,:5 1,St,8,b{) LUISAS 2.180.04 (e) f11Mnre n>sl 152.56 Dl.37 121>,3) 285.93 275.o, t82.60 (I) Deprec1r1t1on and ,1ntorh',t1hon t''\pt"'nc;e '226.79 :?24.88 218.49 451.67 H·L?9 841.09 (g) Other �,,,_,,,,.._,,, 1,H5.06 1.523.0' 1,061.JS 2,970.()9 1,964.84 4,699.39 l 01'11 e,cpens('s 18,143.38 14,62ll.62 I0,651.31 32,972.00 19,520.28 44,069.17 ' Profit before tdx �11d e,ceplion.tl ilem.s (1- 2) 1,652.10 1,408.20 895,00 3,060.30 1,566.47 4,499.49 4 Exrept-ion.il items . 45.73 s Profit before l�� (3 • 4} 1.652.10 1,408.20 895.00 J.060.30 1,566.47 '1,453.76 6 1 °' ExpenS<.' - Cur rent l..l\ (mdud1ng edrl1er periodti./v�c,r tfl,es) 409.>! l09.86 2.15.04 719,20 -117.92 1,027.15 • Deforred lt1,,huge/(t.ret.i1t) 0,74 41.42 13.45) 42.16 ( 14.06) (31.45) l 01.11 to exp(>nse �10.08 351.28 2.11.59 761.36 403.86 995,70 7 Profil t1ftrr ldX (5-0) 1.242.02 1,056.92 663.41 2,298.94 1,162.61 J.458.06 8 Otherromp rehensive inrome IA) lh•ms thc1l will not b(• rec.·t.-�i(ied to profit and loss (i) Remeasurenu')nt of nt�t defined heneftt li.1till1t� (19.52) (12. lo) 4.09 (31.bS) {o.03) 11.35 (11) Income t11, l'"-PC-'"Sl'"S rl:'lrttin� to th� i:1bove -1.76 3.0o (0.88) 7.82 1.63 (2.9.t) (14.76) (9.10) 3.21 (23,66) (4.42) 8.41 IB) lh')ms lh•t will be �dassilied to profit dad loss (1) J·xch�n�c thHi?rL�n,("5 1n trdnsl,1tll\g finr1nu.-1I str1tenumts or forei�n o�,er,Hionc; l0.41 1.90 15.06 12,31 2Q,()() 30.21 (11) Fdir \ dlue g,un on l."qlllh 1n,estment.s dr1ssifi� ,is f,1ir \ ,,tu� throur,h otlwr . -1.b9 cornprt>hen'.1\," 1ncoml' (111) lnromt:1' t.1x t>Xpt'n$C.•s reldhng to tht:> dbo,.:e (0,67) 10.41 l.90 15.1)6 U.3'I 2'!.00 54.24 Totdl othc•r comprt"hrnc.h <' (loss)/income net of,_.� (4.35) )7.201 18.27 {11.55) 24.56 62.65 Q t'oto1l comprehen$i"e intt,me (7•8) 1,237.67 1,019.n 681.68 2,287.39 1,187.19 3,520.71 10 Profit for the period .ulrihut.tble to O" n�rs of the I lolthl\g Comp,uw 1,tn.00 1.000,74 640.60 2, 173.J.I 1.138,00 3.177.80 Xon....:ontrollm� ,nt('rt.�lS 69.H 51,.18 22.81 125.60 24.ol 180,26 1,242.02 1,056.92 663.41 Z,298.94 1,162.61 3,458.06 II TolJI other c:ompttht.-.nsh·r (lossVim:ome for the> period •ttribu1.1Me lo 0,., ners of the liol<lm� Co111�MO\ (5.80) (8.14) 7.60 (14.14) 14,0o 39,61 Non-<:ontrolhn� Jnt1.1resls 1.45 1.14 10.67 2.39 10.52 23,04 (4.35) (7.20) 18.27 (11.55) 24.58 62.65 12 Tot•I ,ompn .. hrn!,h·e income for the period/ye.tr •Uritrnt•blll lO O" ners of lhC' Holding Comp.am l,loo.80 992.40 6-18.20 2. 159,20 I, 152.06 3,217.41 :'\.on-<ontrolhnp. interests 70.87 57.32 33.48 128.19 35.13 303.30 1,237.67 1,019.n 681.68 2,287,39 1,187.19 3,520.71 13 Paid•up equ1t\ '>hdn:• cc1p1WI 1,926.09 1,926.09 1.923.09 1.926,09 1.923.09 1,926.25 (face v•lue of Rs. JO per share) 14 Resen � (olht.1r �u n,) 2b,b95.b1 15 htnung per s.hrtre (f,h.� \1lh.i\.' of Rs. 10 per ,h•"'l° (•) BasK (In R<.) 6.08 5.JQ 3.44 11.27 6.2.l 16.9-1 {b) D1luled (In R;,) 6.08 3.JQ lH 11.27 b.ll 16.92 •Eir1tntn£ per shMe no1 annut1lased t>X1..t>pt tor the \'�ar ended 31 \lttl'(h 2026. "' for t� quctrli.>r emle,t.1 lO �plrmber 2025. lht:'r� \\AS to�1gn e,rh11nr,t._ fludl1,1tion r,1110 In tht"' remi11n1ng pen0<.is, therei 1t;,/\ .. dS loss on fori?ign rurrf'm.·\ fluftudhon, clt1ss1fi,'CI undt'r other rxpcn\of'S. Pl.ittt: Lurugr,1m ll•te; 30 0. toiler 2026 -1>-�0101< ire ;�� ,Jr -<) ll:-iLVJjl � � REO 1tc,<::l - l'or Syrm• SGC � ••· -r; •;,o ��cHNol J• Singh Gujrol c? 0,L \lflOrl�lrlg n,ralor '.;;: Oil's. 00198825 li��SGS·-� (I. � i".s, cs' (l,,,
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Synna SGS Technology Limited CIN: l.30007Mti2004PL048165 Regd. Office: Unit F601, Floral Deck Plaza, Andheri East, Mumbai--400093. Statement of Consolidated Assets and liabilities as al 30 September 2026 (Amount in Rs. millions) A .. \SSHS I. Non<urrent assets (d) Proper!\ pl•nl and equipment (b) C•pital work-in-progress (,) Right-of-w,t' dSS<'IS (d} hl\lPslmenl propert \' (e)Go0<lwill (0 Other intdngiblP assets (g) Jnt,1ngil>le .issets Lm1..ier dev(.>lopnwnt (h) Fin,moal assets (i} '\on�, um"nl tn\'estnwnts (ii) Loans (ii) Other tindnr1al dSSl'IS (i) hic:onw tr1x d��t"t (nf•t) (j) OeterreJ ta, asset (net) (k) Other non--,:um,nl assets Tot,11 non•current assets II. Current assets (a) Inventories (b) Financial dSSCI> (i} Currt.1nt in\'estmrnts (ii) fr,1de n-.-ei,•abl<-s (iii) Cdsh 11nd t:dsh equ.ivc1lents (iv) Otlwr b,mk b.tl,m<es (v) Other finctnri,,I cissC?IS (..:) Other current t1ssNs Total current assets Tot.ti assets 8. EQUITY AND LIABILITIES I. Equity (•) Equit\' sh,ire ,apilal (b) Otlwr equity rarticu la rs Equity attributable to owners of the Holding Company (l') :-..:on \'.onlrolling int�rest Tot.,! equity II. Liabilities 1. Non-current liabilities (a) Fin,mdal li.lbilitit� (il llorrowinp,s (ii) Lease Liabilities (iii) Other finam·i,11 Li•bilities (b) Pro,·isions (,·) Delern><.l lax lidbilitie� (m•I) (d) Other non•rnrrent li•bilities Total non-current liabilities 2. Current liabilities (a) Finand,tl Li,1bilities (i) Borrowings (ii) Lease li<1bilities (iii) Trdde pavahles -TotJI out5ldmling du�s of mitro enterprisPS ttnt.1 �m.ttl �1\IPrprises � fotdl oubtdnc.ling llues 01 creditors otht.)r than ntil ro enterprise',;; <1nd snldll enterprist>s (iv) Other fin,rnnal liabilities (bl Other current liat,ilities (<) Pro\'lsions (d) Current 1a, liabila11es (net) Total current liabilities Total JiJbilities Total equity and liabilities Pht�e: Gurugrdnl Date: 30 October 2026 As al 30 September 2026 As at 31 Man:h 2026 (Unaudited) (Audited) 8,785.22 8,600.69 2,t,11.1)8 675.49 l.-102.b9 l,269,38 - UJ -1,5-16.51 4,5,16.5':\ 1.n.98 165.20 71.55 -1.2.63 -101.29 374.60 - 109.00 15-1.10 12.H9 77.82 5-1.7<, 31.57 3-1.52 1,317.06 20559 19,542.89 16,203.21 15,788.83 10,610.02 8,380.96 5,091.91 21,232.20 18,-107.77 1.-150.1-1 1.922.81 155.88 1. 065. l-l 1,�03.31 2,01 l.82 2,786.33 2,379.39 51,197.65 41,496.86 70,740.54 57,700.07 1,926.09 l,926.25 28.-189.oJ 26,695.63 30,415.72 28,621.88 2,513.9� 2.032.81 32,929.66 J0,654.69 2�5.98 192.9-1 522.57 38-1.10 551.90 1,269,78 3-16.30 323.3-1 232.50 201 10 61.56 05.55 1,960.81 2,636.81 7,211.76 1,138.23 8-183 83.65 361.00 393.-12 2-1_072.61 19,192.2.1 2.,i6.8-l 1.06-l.18 670.52 ,20.17 8).10 1>-1.il .189.41 151.98 35,850.07 24,408.57 37,810.88 27,035.38 70,740.54 57,700.07
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Syrma SGS Technology Limjted CJN:L30007MH2004PLC148165 Regd. Office: Unit F601, Floral Deck Plaza, Andheri East, Mumbai-400093. Consolidated Unaudited Statement of Cash flows for the six months ended 30 September 2026 /Amount in Rs. millions) I. Cash flow from operating activities Profit before ta, Adjustmml< fa,. , Depreciatk,n and amortisation expense Finance costs Emplovee stock compensation e,pense Particulars Profit on sale/ discard of propertv, plant and equipment and investment propertv (net) Provision for " Mrant\' Liabilities 110 longer rt:•<1uircd, \\"rittcn back Interest income Net gain on account of �ale of current investments (mutual funds) Net gain on fair value changes in financial assets (mutual funds) Gain on fair valuation of non-current investment Profit on termu1dtion of li,ases Bad debts written off Allowance for expected credit loss Unrealised foreign exchange (gain)/loss (net) Operating profit before working capital/ other changes Adj11,tment, for (mcren-..,)fd,·crcn><' 111 <1J1emti11g ns,;ct-: Inventories t"rade receivables Other current financial ass.-ts Other non-current financial ,1sscts Other current assets Other non-current assets Ad1u,tmmt, far 111cr.:aSt•/(decmN') 111 ,,,,ernt111g /111/,,/1/ie�; l"rade payables Othl'r current financi,,J liabilities Other non-current financial liabilities Other current liabilities Other non-current liabilities Non-current provisions Current provisions Cash flow from/(used in) operations DirL'Ct taxes p,1id (net) Net cash flow from/(used in) operating activities II. Cash flow from investing activities Capital expenditure towards tangible assets (including capital advances, capital worl-.-in-progress net of capital creditors) C.1pital expenditure towards intangible assets Proceeds from sale of tangibl,, asset� (including invesbnent property) Loans received back Investment in non-current investments in others Redemption/ (investment in) of bank deposits created out of 11'0 and QIP proceeds and other deposits (net) Increase in lien marked/mMgin monev deposits (net) Interest received on deposits Invested in current investment - mutual fund (net) Net cash used in investing activities Six months ended 30 September 2026 (Unaudited) 3,060.30 -151.67 285.93 77.25 (19.37) -1.60 (2.55) (23.-18) (17.-16) (165.76) - (0. I:,) 527 3.99 (29.03) 3,631.23 (5,172.81) (2,948.88) 603.53 (-1.59) (-106.9-1) 7.49 5.393.68 -10.89 3.94 150.3-1 (3.99) 22.96 (17.89) 1,698.96 (501.72) 1,197.24 (3,200.11) (-!5.72) 25.53 100.00 (26.69) 909.26 (23.61) 17.12 (3,105.83' (5,350.05) Six months ended 30 September 2025 (Unaudited) 1,566.-17 -12-l.29 275.63 16.-18 (0.20) - (0.-13) ( 121.-11) (3.7-1) (12.73) (-1.66) 8.12 5.00 215.0-I 2,367.86 (576.+I) (-1,11 -1.38) (635.76) (8.30) (109.29) (23.98) 2,053.03 2-11.7-1 - (111.-12) 2.30 29.39 (13.86) (899.11) (2-19.63) (1,148.74) (711. 22) (36.09) 39.28 - (267.61) (1,225.90) (2.57) I !'.\.OS (565.59 (2,656.62)
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Syrma SGS Technology Limited CI N:L30007MH2004PLC148165 Regd. Office: Unit F601, Floral Deck Plaza, Andheri East, Mumbai-400093. Consolidated Unaudited Statement of Cash flows for the six months ended 30 September 2026 (Amount in Rs. millions) Six months ended Six months ended Particulars 30 September 2026 30 September 2025 (Unaudited\ (Unaudited) Ill. Cash flow from financing activities Proceeds from L�sue of equitv shares (net of issue expenses) - 9,742.62 Purchase of equity sh<1res from second,,rv mMket by Syrma SGS Fmployee Welfare trust (15.83) (3-l.30) Dividend paid (r.-ler note -1) (288.70) - Repavment of non-current borrowings (16-1.96) (12-l.97) Proceeds from/(rcpa\'ment of) current borrowings (net) -t081.89 (1,211.82) Proceeds from issue of equitv shares to non-controlling interests 352.94 - Pa,·mcnt of lease liabilities (69.75) (63.6-1) l"inance costs paid (235.&1) (256.62) Net cash flow from financing activities 3,659.76 6,051.27 IV. Net (decrease)/incrcase in cash and cash equivalents (I+ II+ 111) (493.05) 2,245.91 V. Cash and cash equivalents at the beginning of the period 1,922.81 808.57 Add: Hfect of exchange differences on restatement of foreign cun-encv cash and cash e,1uivalents 20.38 59.01 VI. Cash and cash equivalents at the end of the period 1,450.14 3,113.49 Note: n1e above statement of Cdsh Flo"·� has been prepared undt:'r the 'Indirect method' as set out in [NI) /\S 7, 'Statement of Cash Flows' Place: Gurugram Date: 30 October 2026 For Syrma SGS l � chnol y Limited J Singh Gujral l-.lan,1ging Director DIN : 00198825
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Synna SGS fechnology Limited CIN: L30007MH2004PLC148165 Regd. Office: L'nil F601, Floral Deck Plaza, Andheri East, Vlumbai400093. Notes to the Statement of Consolidated Unaudited Financial Results for the uarter and six month eriod ended 30 Se !ember 2026 Tiu> dhove ..:onsolidilll"d unduJited fuMnl idl rPstllts ot S, rmcl SGS T1.Yhnolog\ Lmult"<.1 ('tht-..1 lokti.ng Compt1.n\ ') dnd tts sullsilhdrtf?s (tht• I lolJing Lom1Mn\' ,md 1t� subs1d1c1ri� together reforred to ,1� 'tht" Group'), ior the l{Uarler ,1nd six monlh period Prn.lPd 10 54:-ptember 2026 h,\\'e been pn•pc1rrtl in r1n-ordM'k."fl ,.,vith the rfl\:ognihon ,md m<>,1..,urt>1nt1-nt prin.1. ipl�,; lclld down in lndidn •\c.:1.· ou11tin� 'itdntl,,rd 1-l "Interim Hnt1nri,tl Rt?p<>rtmg'' ("Ind .--\.S ,-1") d� pre�ribed llfld(•r �tion t:n of the Comp,111ies \rt, 20l.1. rf•rh.l w1lh rt'levttnt n115 issued tlwr.;oundt'r drn.l other ,HYountUlfl prindplet �ene-rdU\ d(Crph"d in Indid ,md 1s m i:omplidnre with the rreS()ntc1tion dnd d1!tt·lo!ture requirement of Regul,Hion \3 01 Set urilies dnd Ex«:hdngt' BoMd ot lndid (I 1s1mg Obligdtions c1nd Disdo,L1n:• R�quirC'nwms Regulationsl 2015, c1s onwnd<•t.t whuh ,.,,en• re, 1ewt>d ttnd ft?(ommendC'li bY the \udit Lommittl?e and ,tpproved lw lhe Bodrd ol Dirrctors ,lt it!t mC'f!ling ht•ld on 10 L'\,:101.)('r 2026. Ille !,l(ttuton auJ1tors ot !ht" Liroup hd\ l" cdrried out ltm1ted fl"vil)\..,. ol the results ror llw qudrh.'r dnd six month pC'riod C'm.le-J 10 Septemb,.>r 2026 2 lt\e t,roup op�rdte-, m onh one rt"port<1blp busint.>�� �t'gmcmt i.\'., providing El,�.tronirs \ltmutddunng St)r, ire-, (F�IS} dS dt,lerminL"li ll\ Chll'I l'lperdltn}! Dedsion \f,tkt'r (COIJ\I) in <11-:cord<llK"t"t with 1,0 \S I08 "Opl�rc1linYi, S<"•gment!,''_ During the rurr(•nl qt1<1rh.•r l'nded 30 Sepll'mber 1026, Slunlwup .:;, mM Cir(·u11-... Pn, dtl' Limited {"Shtnh\'up'"), c1 75°o o,,,nC'd �ubsic.fidn 01 th� Hl)ldmr, Compdn\, t.:ompl()wt.1 ,r1. np,hts i..,'>LH.' ol 990,092 t'quih shMPS i1ggregdting Rs 31:?.00 millit)n llu.• I lolding, Comp1Ul\' .:;ub•Kril:x'd 10 74':\,019 l"4uih sh,ues llm0tmting 10 Rs "\99.0U million on ,.\ proport1onctl� llcb1.S, rEMiultini•, 111 no dMnge in HS ownership mtert.•�t. During llw quarlt1r cnJed 10 'x·pli.'nlbt.'r 2026, Lh� Holdmr, Comp,111\ p,11d" liJMl dindt'mi 01 131\ (R!>. l 5 - pt.>r equ1l\ shdn> of Rs.. IO � ectrh). t1mounting to Rs. 288.70 million, tor lhe , l"'ctr ended ,1 \l,m.:h 2026. nw d1, 1dend \\tlS ,1ppro, ed b, 1lw sh,,rl•hold1•r� dl lht• \nnual Cenertil \kelmr. lwld on 25 \u�us1 2026 Plrn-e· Gurut�rdm Dat,•: 10 tl<:tol>t•r 2026 � lanaging Duec101 DI'- 00 I 98825
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Walker Chandiok &.Co LLP Walker Chandiok & Co LLP 21st Floor, DLF Square Jacaranda Marg, DLF Phase II. Gurugram -122 002 Haryana, India T +91 124 462 8099 F +91 124 462 8001 Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of Syrma SGS Technology Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Syrma SGS Technology Limited 1. We have reviewed the accompanying statement of standalone unaudited financial results ('the Statement') of Syrma SGS Technology Limited ('the Company') for the quarter ended 30 September 2026 and the year to date results for the period 1 April 2026 to 30 September 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 Offices In Ahmedabad, Bengaluru, Bhubaneswar Chandigarh, Chennal, Oehradun, Goa, Gurugram. Guwahato, Hyderabad. Indore Koch• Kolkata, Mumbai. New Oelh, Nolda and Pune Walker Chand,ok & Co LLP IS registered w,th hm,ted l1ab1l1ty with 1denbfication number MC-2085 and ,ts registered omce at L-41 Connaughl 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 Results of Syrma SGS Technology Limited pursuant to the Regulation 33 of the 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 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 \� Manish Agrawal Partner Membership No.: 507000 UDIN: 26507000IRKGLN3503 Place: Gurugram Date: 30 October 2026 Chartered Accountants
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Syrmo1 SGS Te.:-hnology Limited CIN:l.JOOOTh 1 H200IPLC14816S Regd. Offi1.r: Unil t-601, Flor•I Oed,. Pl,11:a, Andheri Fast, \himh•i-.100093. St11teme nl of Sl,mJ•lone Un•udited Fin.tm.ial flesult"i for the, au,uterand six mon th oerioJ t"nded JO Sl"Dl(.)ntber 2026 {Amount in Rs. million Quo1rter en ded Qu.arter e-nded Quarter ended Six months end('d Six months e,nd('d Ye-.1r e11ded SI. No. P•rtkul•� JO September 2026 _J() Juntl 2026 JO September 2025 JO Seplembe, 202;, 30 Se plen\ber 2025 31 Mart·h 2026 tUn,1Udit,d) (Un1udit edl fUn.audileJ) (Un"'uJjh.>JI (Un,rndited) (Audited) I lnc;onu.• (,)} R,>\enu� lrf!m O(l'"'r,H101h IS,02Q 57" l-l.428 �I H.>.SbQ-:"'t, '2..157 78 IQ g50 3" -13.t,il.5-l th) ,Pt gdm 11n 1ore1p.n \·umm,, nu,·tu.i11ons" 18.�8 fl'l l'lth..,r anrnm� 111il 1:u,s-i 98.1 2 248 55 1 71 J4 -l07t,S Tot•I in,·om<' 18,151.28 14,555.05 10.967.90 32,706.JJ 20,140 .6', H079.22 2 E'-pt•nses (d) CO'it 01 nldten,allj ,onsumed 1),01�5 1l l{l;I,� H.118Q' lb.181-P, 15.51-1 ;u '"' 15; 72 (M Purchd� ot t;t()\ 1-. 111 tr,ak• 8b2 33 1t,Q1 ,s-, STQ 2b 14- "2-ll-l (\:) C"ht1nF,C'S m nwt>ntone.., ""' l1n1.,hf'\l gooJ1,, worlv1n-progu..ass t1nd '>loc.k in tr.itf� 6T,"41 (l.'»0.67 ,- 44 (1,26.l 2bl (1-ll Q2) (�5�.o2) (dl Emrlo,ee bL�t>flts f>'\Jlt!n� S2-l 15 451.0i \78,i� 1.00;-22 /OJ-I-:? 1.>-10"8 (t') Fmdn(� (OSI i,tSOO IIHJQ I 15.1)3 2ol.OS 255 15 400 82 it) �rrei.1<1Uon ,md .tnlClr!l"idhOn t''\J1'f'-ll�t> 170t.,o 1;"131 1;-..iqz 342QQ 3-lS ST o7S 25 \g) Other C''\"p,PnSf"'o" I :?65.oJ I.J6o.5-l Q85 27 :u,12.:?1 1,:-<>1 oO 4,lb5o2 fol.al expen.;es 16.726.96 ll.Jl-l.97 10,106.52 J0,011.�3 18,�.IS ro,J26.91 1 Profit before l,i.X .Jnd fX(\'rtion.il itl1'm, It· 2) l,H-1.12 1,240.08 661..lS 2,ol,,IAO l,574.-18 ),152..11 4 h<ertion,1J it('mS .12..17 5 Prorit be.fore, l•x (:'I· ..&I 1,42-1,;l::? l,Z40.08 SM.JS 2.664.-IO l,57H8 ',719.8-1 6 Tc1:,,e\.pe1,S(I' ,Curn>nl l<I\ tm1.luJ1ng l,drltN Jlf"ri0d/\e<1r lit\�J ,w-.. 2t,Uo5 21$ R- {,()'11Q 34'0:? "OOQ.l - !»1erred ltlx 1.:h<1rge/h:n"tht) 025 29_gz n1-1S1 J0.07 11186) 113.:-0) rot.al t•-� expenst? 339.99 299.-17 207.39 639.-16 382.76 786.15 - Profit .tfler I•:\ (S--6) 1.11803 940.61 653.99 2,024.'l-l 1,191.72 2,933.69 s Olhc•r compreheno;i\'e income (A) Hems that will nol be redc1.;;sifitd lo pro(il .1nd loss (1) R1c•mPdSurement ot ne-t c..t,�lu'\(l<d �1·w.:-111 l1ab1fl1, 1n1n1 (11A2l �Q3 L2b. 15\ t•SOI 550 (11) Im ortW Id:\. _,.,ptmses n•l<1tmg to Ith.'-"bove l.50 'I) ,o.c-11 0 o3 171 ( I IOI (10.43) lq,29) 2.21 119.72) (5.09) 4.17 (8) ltem"i th.ii ,viU be recl.1ssiri,�d to pn>rit .and los!i (1) f:c.ur v.ilue g.un on N.Jum 1m·es1men1s ddSS1f1t'(t d'1i ldrr \.ilue through other Hq comprensh1vt, inromt,. (11) lm:om� l<I'- e�pPn.scs relating 10 the.:ak>\ e t0o7) -1.02 Tol;al oth,�r compr<'hensh e (loss)/ income nt."I of tax (10.U) (9. 29) 2.21 ('19.72) (5.09) 8.19 Q lol•I comprrhE"n•d\•e imomtl (i""S) 1,073.90 9.31.32 6;6.20 2,005.22 1,186.63 2,941.88 IO Piltd•up t'\_\lllh Shclr'l' rar11,1I 1,926 09 I Ult,Q9 l,Ql.110 I.Q2o.U9 IQ21 10 1.92b 25 (foce \'alueor R .. 10 i...._...,r sht1rel 11 Rt."Si"rH•� (oth-L!t t'\lUII\·) 27,6.'!9 lo 12 fJm1n� �'lol'f ,;h,,w (ft'ltt' v,,lue Of R-, IO�r c.h.m'.)r (dl Bit-.tt (In R�) 362 -l.88 1.51 10.50 0 53 ISo-l (t,) D,lule,.I (In Rs I 5.02 -!88 l 51 1030 b.5� 15 o2 •E.-rmne 1�r -.hJr1..' not dllnu,1hsai t!'o:Cer,I for th(> \t".Jr l'ndc>d 31 \l.iKh 202b. " lor dw p('rtOd ('mlOO 30 Septe-mN>r 2025. thPr� \\ as lorcign l"\.t:h,mge llut1u<11ion �,l1n. In the rem,11nmg penods, theN.> 1s/,.,c1;; IC'l--.s on rore,r,n rnrrt>l\n nudu<1hon. dc1�s1f1ed under (Hh("r t>'\fl'l?'t'� fo, Sy,m• s; � · ·h � nolO)ly t imHed rs· gh Gujr.i.l P'l"'-e- Curugram r,i ng D,rector P6h:• 10 0r;. tobt.•r 202& 01, 001"882 5
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Syrma SGS Technology Limited CIN:L30007MH2004PLC148165 Regd. Office: Unit F601, Floral Deck Pla:ia, Andheri East, Mumbai-400093. Statement of Standalone Unaudited Assets and Liabilities as at 30 September 2026 A.ASSETS I. Non-current assets {a) Propcrtv, plant and equipment (b) Capital work-in-progress (c) Right-of-use assets (d) Goodwill {c) Otl,cr intangibk assets (f) Intangible assets under dewlopment (g) Financial .tSSetS {i) Non-cummt investment,, (ii) Loans {iii) OthN financial ,1ssets (h) I ncomc tax asset (net) (i) Other non-<:urrent asset,, Total non-current assets 11. Current assets (a) Inventories (b) Fin,rncial assets (i) Current invC'StmenL� (ii) rrade receivables (iii) Cash aml cash equivalents (iv) Other b,mk b,1lances (v) Other fioldncial assets (c) Other current assets Total current assets Assets classified as held for sale Total assets 8. EQUITY AND LIABILITIES I. Equity (a) Equitv share capital (b) Other equitv Total equity 11. Liabilities 1. Non-current liabilities (a) Financial liabilities (i) Borrowings (ii) Lease liabilities (jjj) Other financidl liabilities (b) Provisions {c) Deferred tax liabilities (net) {d) Other non-<:u rrent liabilities Total non-current liabilities 2. Current liabilities (a) hnancial liabilities (i) Borrowings (ii) Lease li,1bilities (iii) rradc payables Particulars - Total outstanding dues of micro enterpri�es and small enterprises - rota I outstanding dues of creditors other than micro enterprise,, and small cnterpriSE's (iv) Other financial liabilities {b) Other current liabilities (c) Provisions (cl) Current tax liabilities (net) Total current liabilities Total liabilities Total equity and liabilities Place: Gurugrdm Date: 30 October 2026 (Amount in Rs. million) As at 30 September 2026 As at 31 March 2026 Unaudited {Audited) 6,600.32 6,611.84 l,170.i8 335.,9 1,113.3i 958.60 1,090.92 l.090.92 56.52 no6 66.17 39.21 6,551.09 5,807.55 I.89-t66 6+!.71 98.7-1 9-1.01 H.87 31.87 '-18.39 162.82 19,022.83 15,852.98 1- 1.12-1.65 9,192.28 7,203.05 -l,&16.05 19,558.86 15,95883 1.115.63 1,647.-16 51.16 915.90 1310.85 1,981.07 2,260.15 1,957.53 45,624.35 36,499.12 136.16 . 64,783.34 52,352.10 1,926.09 l,926.25 29,-160.71 27,689.36 31,386.80 29,615.61 . 106.97 1o-l.7-I 207.56 2.20 259.02 200.51 161.n 12-1. 93 101.-19 61.37 65.55 753.75 902.36 6,775.59 2,355.09 52.12 52.99 103.59 31-1.87 23,766.-17 18,255.32 I.033.05 507.54 276.59 168.58 56.75 -1-1.78 3786'.I 13-1.96 32,642.79 21,834.13 33,396.54 22,736.49 64,783.34 52,352.10 For Syrma SGS Te�o � ogy ·m,ted � JaSi ,i.( Si h ujral , -��� l\Ia\.w mg Director /,� / �O� DIN. 00918825
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Syrma SGS Technology Limited CIN:L30007MH2004PLC148165 Regd. Office: Unit F601, Floral Deck Plaza, Andheri East, Mumbai-400093. Standalone Unaudited Statement of Cash flows for the six month period ended 30 September 2026 Particulars I. CASH FLOW FROM OPERA TING ACTIVITIES Profit before tax Adjustments for: Depreciation and amortisation expense Finance costs Employee stock compensation expense Profit on sale/ discard of property, plant and equipment (net) Liabilities no longer required, written back Interest income Net gain on account of sale of current investments (mutual funds) Gain on fair value of current investments (mutual funds) Allowance for expected credit loss Deemed dividend from subsidiary company Bad debts written off Unrealised foreign exchange (gain)/ loss (net) Operating profit before working capita1/other changes Adjustments for (increase)/decrease i11 opemti11g assets: Inventories Trade receivables Other current financial assets Other non-current financial assets Other non-current assets Other current assets Adjustments for increase/(decrease) in operating liabilities: Trade payables Other current financial liabilities Other current liabilities Other non current liabilities Non-current provisions Current provisions Cash flow from/(used in) operations Direct taxes paid (net of refunds) Net cash flow from/(used in) operating activities (Amount in Rs. million) Six months ended 30 September 2026 (Unaudited) 2,664.40 342.99 262.08 71.37 (0.99) (2.51) (50.20) (12.97) (144.48) - (0.59) 1.96 (34.47) 3,096.59 (4,932.37) (3,705.26) 670.22 (16.99) l0.57 (302.62) 5,644.17 35.74 108.01 (4.19) 38.74 (14.38) 628.23 (366.04) 262.19 Six months ended 30 September 2025 (Unaudited) 1,574.48 348.57 255.15 12.85 (0.13) (0.43) (132.32) (2.36) (10.88) 5.00 - 7.77 208.29 2,265.99 (380.70) (4,305.24) (594.22) (3.26) (2-l.04) (70.21) 2,083.22 104.17 (109.26) 2.30 26.73 (14.99) (1,019.51) (196.41) (1,215.92)
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Syrma SGS Technology Limited CIN: L30007MH2004PLC148165 Regd. Office: Unit F601, Floral Deck Plaza, Andheri East, Mumbai-400093. Standalone Unaudited Statement of Cash flows for the six month period ended 30 September 2026 Particulars II. Cash flow from investing activities Capital expenditure towards tangible assets (including capital advances, capital work in-progress, net of capital creditors) Capital expenditure towards intangible assets Loans given to subsidiaries and to others (net) Proceeds from sale of tangible assets Investment in subsidiaries Redemption/ {investment in) of bank deposits out of !PO and QIP proceeds and other deposits (net) Interest received on deposits Investment in mutual fund (net) Increase in lien marked/ margin money deposits Net cash used in investing activities III. Cash flow from financing activities Proceeds from issue of equity shares (net of issue expenses) Purchase of equity shares from secondary market by Syrma SGS Employee Welfare trust Repayment of non-current borrowings Proceeds from/ (repayment of) current borrowings (net) Payment of lease liabilities Finance costs paid Dividend paid (refer note 4) Net cash flow from financing activities IV. Net (decrease)/ increase in cash and cash equivalents (I + II+ HI) V. Cash and cash equivalents at the beginning of the period Add: Effect of exchange differences on restatement of foreign currency cash and cash equivalents VI. Cash and cash equivalents at the end of the period (Amount in Rs. million) Six months ended 30 September 2026 (Unaudited) (1,224.32) (38.66) (1,220.59) 5.42 (743.54) 877.61 10.01 (2,199.55) (6.85) (4,540.47) (15.83) (125.19) 4,-129.07 (44.47) (219.34} (288.70) 3,735.54 (542.74) 1,647.46 10.91 1,115.63 Six months ended 30 September 2025 (Unaudited) (529.99) (20.78) (47.31) 7.77 (0.20) (564.41) 103.82 (816.60) (651.57) (2,519.27) 9,742.62 (34.30) (126.05) (3,283.70) (36.40) (247.37) 6,014.80 2,279.61 679.52 30.16 2,989.29 rTne above Statement of Cash Flows has been prepared under the Indirect Method as set out in Ind AS 7, 'Statement of Cash flows" Place: Gurugram Date: 30 October 2026 For Syrma SGS Technology Limited J�uj,al Managing Director DIN : 00198825
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Syrma SGS Technology Limited CIN:l.30007MH2004PLC143165 Regd. Office: Unit F601, Floral Deck Plaza, Andheri East, Mumbai-400093. Notes to the Statement of Standalone Unaudited Financial Results for the quarter and six month period ended 30 September 2026 TI,e a bow stand.ilone unaudited finandal result.s of Syrma SGS Technology Limited ('the Company') for the quarter and six month period ended 30 Seplember 2026 have been prepared in dn:orddnce with the recognition .md nwd.suremen.t principles ldid down in Indian Acrountmg Stc1m.fard 3-1 "Interim Findnc1dl Reporting" ("Ind \S 3-1") d5 prescribed under Section 133 or lhe Compitnies .\cl, 2013 re,1d with relevant rulc-s issued thereunder and other dCCounting principle generdlh ,tct-epted in Indiit dnd is in compliann., with the presentation dnd disclosure requiremenl ol Regulation 33 of Securities and Exrh.mge Board of India (Listing Ohlig,Hions and Oisdosure Requirements Regulations, 2015, ,1s amended, which were reviewed and recomn,ended bv Uw Audi! Commillee .tnd approwd bJ the BoMd ol Dire<"tors at its mwting held on 30 October 2026. llw st•tl•lorv auditors oi U,e Cmnpall\ h•w t:drried out limited review of the rcsullS for the period and ,1uarter ended 30 September 2026. 2 Tlie Comp,,m· operalL>S in onlv one repor1aMc t>usmess segment i.e., providing Eledronics �l.nufacturing Sen oces (E�IS) •• delermined ll\ Chief Operdting Decision �la�er (COO�!) in dCCOrdanc'e with l.'\iO AS 108 "Operating Segments• 3 During the current quarter mded 30 September 2026, Shinhvup S,·rm,, CircuilS Privale Lin1ited (Shinhrnp"), • 75". owned subsidiary of the Comr•ny, completed a rip,hts issue of 990,692 equity sh41rcs aggregating Rs. 532.00 million. lne Compam· subs(ribed to 743,019 equitv shc1res cimounling to Rs. 399.00 million on d proportionate bdsis, resulting in no chtmge in its ownE>rship interest A,.-�:ordingly, the $uWriplion h,lS bl-en rerogntzed dS ctn dddiliondl inveslnwnl in the Sltlltddlone finirlnfial st,tlements, with thP C{lrr\'ing vc1lue ot in, estment in Shinhn•p amo11n1ing to R>. 759.13 million as ,11305eplember 2026. -! Ourmg th<.' quarter ended 30 September 202&, the Compa111 paid,, lin,,I dividend of 15._ (Rs. 1.5/ - per ,quit\• shaw of Rs. LO/• e•ch), amounting to Rs. 288.70 million, for !he ,·e�r ended 31 :-.larch 2026. llie dividend was approved ll\' !he sh.ireholders di the Annual General Meeting held on 25 August 2026. Pldre: Gurugr,lm Date: 30 October 2026