LOYAL TEXTILE MILLS LTD
LOYAL

(FOUR STAR EXPORT HOUSE RECOGNISED BY GOVT. OF INDIA)
INTEGRATED MANAGEMENT SYSTEM CERTIFIED AND PRACTICING COMPANY

Divisional Office:
No. 83, 1st Main Road, R.A. Puram, Chennai 600 028, India.
Phone: +91 44 4227 7374
E-Mail: [email protected]
GSTIN: Tamil Nadu: 33AAACL2632C1Z8, Andhra Pradesh: 37AAACL2632C1Z0
CIN: L17111TN1946PLC001361, PAN: AAACL2632C

Our New Divisional Office: "Karumuttu Centre"
7th Floor - North Wing, New No.634 (Old No.498),
Anna Salai, Nandanam, Chennai- 600035.

REF: LOYAL/SEC/2025-26/039
May 27, 2026

| The Secretary, Listing Department
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai - 400 001
Scrip Code: 514036 | The Manager, Listing Department
National Stock Exchange of India Limited
Exchange Plaza, 5th Floor, Plot No.C/1, G Block, Bandra-Kurla Complex, Bandra(E), Mumbai - 400 051.
Symbol: LOYALTEX |
| --- | --- |

Dear Sir / Madam,

Sub: Intimation of outcome of the Board Meeting held on May 27, 2026

The Board of Directors of the Company, at their meeting held today, have inter alia approved the audited Standalone and Consolidated Financial Results of the company for the quarter and year ended March 31, 2026.

Pursuant to Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we enclose the statement showing the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026 along with the Statutory Auditors Report.

We hereby declare that the Statutory Auditors of the Company, M/s. Brahmayya & Co., Chartered Accountants, have in their reports issued an unmodified opinion with emphasis of matter on the Audited Standalone and Consolidated Financial Results for the financial year ended March 31, 2026.

The meeting commenced at 2:00 P.M (IST) and concluded at 7.05 P.M (IST)

Thanking You,

Yours faithfully
For LOYAL TEXTILE MILLS LIMITED

RAJESH V
Digitally signed by RAJESH V
Date: 2026.05.27 21:17:11
+05'30'

Dr. V. Rajesh
Company Secretary
Membership No. F9213
Encl: As above

LOYAL TEXTILE MILLS LIMITED

Registered Office : 21/4 Mills Street, Kovilpatti 628 501

CIN: L17111TN1946PLC001361

STATEMENT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31st MARCH 2026

(INR in Lakhs)

For LOYAL TEXTILE MILLS LIMITED

VALLI M RAMASWAMI Digitally signed by VALLI M RAMASWAMI

Date: 2026.05.27 21:19:19 +05'30'

Valli M Ramaswami

Chairperson and Wholetime Director

Place : Chennai

Date: 27th May 2026

Notes to Audited Standalone Financial Results:

1. The Financial Results of the Company have been prepared in accordance with the Companies (Indian Accounting Standards) Rules 2015 (Ind AS) prescribed under Sec 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable.

2. Loyal Textile Mills Limited ("the Company") is engaged in manufacturing of yarn, woven fabric, knitted fabric and technical garments. The Company has manufacturing plants at Kovilpatti, Sattur, Cuddalore in Tamilnadu. The Company is a public listed company and listed on The Bombay Stock Exchange and National Stock Exchange (NSE).

3. The above Audited standalone financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 27,2026.

4. The statutory auditors have carried out the audit of the standalone financial results for the quarter and year ended 31st March 2026. The figures for the three months ended for 31.03.26 and 31.03.25 are arrived at as difference between audited figures in respect of full financial year and the unaudited published figures upto 9 months of the relevant financial year.

5. The Company operates in one segment (i.e.) Textile Business, which in the context of Indian Accounting Standard (IND AS 108) - Operating Segment, is considered as the only reportable operating segment of the company.

6. Exceptional items comprises the following:

(a) Impairment of Inventories – ₹36.46 Crores

The Company has undertaken a review of its inventories considering the changes in market conditions and business environment. Due to tariff-related uncertainties impacting demand, geopolitical developments affecting GCC markets and rationalisation of certain business segments, the net realisable value of certain inventories was assessed to be lower than their carrying cost. Accordingly, the Company has recognised an impairment charge of ₹36.46 Crores during the year.

(b) Profit on Sale of Assets – ₹33.81 Crores

During the year, the Company has disposed of certain assets comprising land, wind mills and idle plant and machinery that had been identified as surplus to operating requirements. The net gain arising on such disposals, being the excess of sale consideration over the carrying amount of the assets, aggregates to ₹33.81 Crores. The disposal has been carried out as part of the Company's asset optimisation programme.

(c) New Labour Code – Gratuity Obligation – ₹1.07 Crores

Pursuant to the enactment of the Code on Social Security, 2020 and the consequential revision in the definition of "wages" applicable for the computation of gratuity, the Company has recognised an incremental gratuity obligation of ₹1.07 Crores. This represents the effect of the change in the actuarial computation of the defined benefit obligation arising from the broadened wage definition.

1. The Company continues its efforts towards realignment and rationalisation of its manufacturing operations with the objective of improving capacity utilisation, enhancing operational efficiencies and optimising costs to achieve sustainable profitability at the operational level.

During the year, the Company has made considerable progress in monetisation of underutilised and non-core assets and has further identified certain assets for monetisation, including assets classified as "Held for Sale", with the objective of reduction of debt, strengthening liquidity and improving overall cost efficiencies.

Considering the progress achieved so far in operational improvement and liquidity enhancement, the management is confident of achieving sustainable operational profitability in the near future.

1. Note on Discontinued Operations :

a. Details of Income and Expenses of Discontinued Operations are given below:

b. The Company has disposed of SVTM Unit and initiated the disposal of the CTM Unit, which represents separately identifiable components with distinct operations and are considered separate major lines of business. Accordingly, based on the requirements of Ind AS 105 – Non-current Assets Held for Sale and Discontinued Operations, the Company has classified these units and their related operations under discontinued operations in the Financial Results.

The Company has appropriately recognized and presented the related assets, liabilities, income and expenses associated with disposal.

The gain / loss arising from the transaction has been determined after considering all directly attributable income and expenditure relating to the disposal process. Accordingly, the net impact relating to the CTM and SVTM Units has been separately disclosed under "Discontinued Operations" in the Financial Results in compliance with the presentation and disclosure requirements prescribed under Ind AS 105.

1. Losses from continuing and discontinued operations read together with implications of exceptional items is not resulting in any Current Tax. Hence no Current Tax has been recognized.

2. Previous period figures have been reclassified / regrouped wherever necessary.

For LOYAL TEXTILE MILLS LIMITED

VALLI M RAMASWAMI
Digitally signed by VALLI M RAMASWAMI
Date: 2026.05.27 21:20:31 +05'30'
Valli M Ramaswami
Chairperson and Wholetime Director

Place : Chennai
Date : 27th May 2026

Brahmayya&co.
Chartered Accountants

Independent Auditor's Report on the Quarterly and Annual Standalone Audited Financial Results of the Loyal Textile Mills Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors of
Loyal Textile Mills Limited

Report on the Audit of the Standalone Financial Results

Opinion

We have audited the accompanying standalone financial results of Loyal Textile Mills Limited (“the Company”) for the quarter and year ended 31st March 2026 (“the Statement”); attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid the Statement:

a) are presented in accordance with the requirements of the Listing Regulations in this regard; and
b) give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting standards, and other accounting principles generally accepted in India, of the net loss and total comprehensive loss and other financial information for the quarter and year ended 31st March 2026.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Standalone Annual Financial Results section of our report. We are independent of the Company, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

No. 48, Masilamani Road, Balaji Nagar, Royapettah, Chennai - 600 014. India.
T: +91-044-2813 1128 / 38 / 48 | F: +91-044-2813 1158
E: [email protected] | www.brahmayya.com

Brahmayya&co.
Chartered Accountants

Emphasis of Matter:

Attention is invited to Note No. 7 of the Statement, which describes the initiatives undertaken by the management involving Monetization of Assets resulting in scaling down of the operations and relocating manufacturing facilities in order to improve the operational efficiencies.

The steps undertaken by the company is stated to be addressing the liquidity constraints and in addition the Management has informed that it continues its efforts in rationalizing its operations by further prioritizing high-value contribution segments and embark on steps towards cost optimization to achieve the targeted operational profitability and sustainability.

Considering the progress in the initiatives undertaken during the year and based on the management assertion of achieving the operational profits, the company's operations have been considered sustainable.

Our opinion is not modified in respect of this matter.

Management's Responsibilities for the Standalone Financial Results

The statement has been prepared on the basis of the standalone annual financial statements. The Company's Board of Directors are responsible for the preparation of the Statement that give a true and fair view of the net loss and other comprehensive loss and other financial information in accordance with the recognition and measurement principles laid down in Ind AS prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the Statement, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company's financial reporting process.

No. 48, Masilamani Road, Balaji Nagar, Royapettah, Chennai - 600 014. India.

T: +91-044-2813 1128 / 38 / 48 | F: +91-044-2813 1158
E: [email protected] | www.brahmayya.com

Brahmayya &co.
Chartered Accountants

Auditor's Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
• Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
• Evaluate the overall presentation, structure, and content of the statement, including the disclosures, and whether the standalone financial results represent the underlying transactions and events in a manner that achieves fair presentation.

No. 48, Masilamani Road, Balaji Nagar, Royapettah, Chennai - 600 014. India.
T: +91-044-2813 1128 / 38 / 48 | F: +91-044-2813 1158
E: [email protected] | www.brahmayya.com

Brahmayya & Co.
Chartered Accountants

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matter

The Statement includes the results for the quarter ended 31st March 2026, being the balancing figures between the audited figures in respect of the full financial year and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subject to limited review by us.

For Brahmayya & Co.,
Chartered Accountants
Firm Registration No. 000511S

SRIKRIS
HNA N
Digitally signed
by SRIKRISHNA N
Date: 2026.05.27
19:12:48 +05'30'

N Sri Krishna
Partner
Membership No. 026575
UDIN: 26026575WHZOZR6971

Place: Chennai
Date: 27th May 2026

No. 48, Masilamani Road, Balaji Nagar, Royapettah, Chennai - 600 014. India.
T: +91-044-2813 1128 / 38 / 48 | F: +91-044-2813 1158
E: [email protected] | www.brahmayya.com

LOYAL TEXTILE MILLS LIMITED

Registered Office : 21/4 Mills Street, Kovilpatti 628 501

CIN: L17111TN1946PLC001361

STATEMENT OF AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31st MARCH 2026

(INR in Lakhs)

For LOYAL TEXTILE MILLS LIMITED

Digitally signed by VALLI M

VALLI M RAMASWAMI

Date: 2026.05.27 21:23:06 +05'30'

Valli M Ramaswami

Chairperson and Wholetime Director

Place : Chennai

Date: 27th May 2026

Notes to Audited Consolidated Financial Results:

1. The Financial Results of the Company have been prepared in accordance with the Companies (Indian Accounting Standards) Rules 2015 (Ind AS) prescribed under Sec 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable.

2. The consolidated financial results include the financial results of Loyal Textile Mills Limited ("the Parent Company") and the financial results of its joint venture foreign company - Gruppo P&P Loyal SPA Italy.

3. Loyal Textile Mills Limited ("the Company") is engaged in manufacturing of yarn, woven fabric, knitted fabric and technical clothing. The Company has manufacturing plants at Kovilpatti, Sattur, Cuddalore in Tamilnadu. The Company is a public listed company and listed on The Bombay Stock Exchange and National Stock Exchange (NSE).

4. The above Audited consolidated financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 27,2026.

5. The statutory auditors have carried out the audit of the consolidated financial results for the quarter and year ended 31st March 2026. The figures for the three months ended for 31.03.26 and 31.03.25 are arrived at as difference between audited figures in respect of full financial year and the unaudited published figures upto 9 months of the relevant financial year.

6. The Company operates in one segment (i.e) Textile Business, which in the context of Indian Accounting Standard (IND AS 108) - Operating Segment, is considered as the only reportable operating segment of the company.

7. Exceptional items comprises the following:

(a) Impairment of Inventories – ₹36.46 Crores

The Company has undertaken a review of its inventories considering the changes in market conditions and business environment. Due to tariff-related uncertainties impacting demand, geopolitical developments affecting GCC markets and rationalisation of certain business segments, the net realisable value of certain inventories was assessed to be lower than their carrying cost. Accordingly, the Company has recognised an impairment charge of ₹36.46 Crores during the year.

(b) Profit on Sale of Assets – ₹33.81 Crores

During the year, the Company has disposed of certain assets comprising the land, wind mills, and idle plant and machinery that had been identified as surplus to operating requirements. The net gain arising on such disposals, being the excess of sale consideration over the carrying amount of the assets, aggregates to ₹33.81 Crores. The disposal has been carried out as part of the Company's asset optimisation programme.

(c) New Labour Code – Gratuity Obligation – ₹1.07 Crores

Pursuant to the enactment of the Code on Social Security, 2020 and the consequential revision in the definition of "wages" applicable for the computation of gratuity, the Company has recognised an incremental gratuity obligation of ₹1.07 Crores. This represents the effect of the change in the actuarial computation of the defined benefit obligation arising from the broadened wage definition.

1. The Company continues its efforts towards realignment and rationalisation of its manufacturing operations with the objective of improving capacity utilisation, enhancing operational efficiencies and optimising costs to achieve sustainable profitability at the operational level.

During the year, the Company has made considerable progress in monetisation of underutilised and non-core assets and has further identified certain assets for monetisation, including assets classified as "Held for Sale", with the objective of reduction of debt, strengthening liquidity and improving overall cost efficiencies.

Considering the progress achieved so far in operational improvement and liquidity enhancement, the management is confident of achieving sustainable operational profitability in the near future.

1. Note on Discontinued Operations :

a. Details of Income and Expenses of Discontinued Operations are given below:

b. The Company has disposed of SVTM Unit and initiated the disposal of the CTM Unit, which represents separately identifiable components with distinct operations and are considered separate major lines of business. Accordingly, based on the requirements of Ind AS 105 – Non-current Assets Held for Sale and Discontinued Operations, the Company has classified these units and their related operations under discontinued operations in the Financial Results.

The Company has appropriately recognized and presented the related assets, liabilities, income and expenses associated with disposal.

The gain / loss arising from the transaction has been determined after considering all directly attributable income and expenditure relating to the disposal process. Accordingly, the net impact relating to the CTM and SVTM Units has been separately disclosed under "Discontinued Operations" in the Financial Results in compliance with the presentation and disclosure requirements prescribed under Ind AS 105.

1. Losses from continuing and discontinued operations read together with implications of exceptional items is not resulting in any Current Tax. Hence no Current Tax has

2. Previous period figures have been reclassified / regrouped wherever necessary.

Valli M Ramaswami

VALLI M RAMASWAMI

Digitally signed by VALLI M RAMASWAMI

Date: 2026.05.27 21:24:14 +05'30'

Place : Chennai

Date : 27th May 2026

Chairperson and Wholetime Director

Brahmayya&co.
Chartered Accountants

Independent Auditor's Report on the Quarterly and Annual Consolidated Audited Financial Results of the Loyal Textile Mills Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors of
Loyal Textile Mills Limited

Report on the Audit of the Consolidated Annual Financial Results

Opinion

We have audited the accompanying consolidated annual financial results of Loyal Textile Mills Limited (“the Holding company”) and its joint venture for the quarter and year ended 31st March 2026, (“the Statement”) attached herewith, being submitted by the Holding company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).

In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of reports of the other auditor on separate audited financial statements of the Joint Venture, the aforesaid consolidated annual financial results:

I. Include the annual financial results of the following entities:
a) Loyal Textile Mills Limited, Holding Company
b) Gruppo P&P Loyal SPA, Joint Venture

II. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and

III. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards and other accounting principles generally accepted in India, of the net loss and total comprehensive loss and other financial information of the holding company for the quarter and year ended 31st March 2026

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (“Act”). Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Holding Company, in accordance with the Code of Ethics

No. 48, Masilamani Road, Balaji Nagar, Royapettah, Chennai - 600 014. India.

T: +91-044-2813 1128 / 38 / 48 | F: +91-044-2813 1158
E: [email protected] | www.brahmayya.com

Brahmayya&co.
Chartered Accountants

issued by The Institute of Chartered Accountants of India ("ICAI") together with the ethical requirements that are relevant to our audit of the Statement under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditor in terms of their report referred to in "Other Matter" paragraph below, is sufficient and appropriate to provide a basis for our opinion.

Emphasis of Matter

Attention is Invited to Note No. 8 of the Statement, which describes the initiatives undertaken by the management involving Monetization of Assets resulting in scaling down of the operations and relocating manufacturing facilities in order to improve the operational efficiencies.

The steps undertaken by the Holding Company is stated to be addressing the liquidity constraints and in addition the Management has informed that it continues its efforts in rationalizing its operations by further prioritizing high-value contribution segments and embark on steps towards cost optimization to achieve the targeted operational profitability and sustainability.

Considering the progress in the initiatives undertaken during the year and based on the management assertion of achieving the operational profits, the Holding Company's operations have been considered sustainable.

Our opinion is not modified in respect of this matter.

Management's Responsibilities for the Consolidated Financial Results

The statement has been prepared on the basis of the Consolidated annual financial statements. The Holding Company's Board of Directors is responsible for the preparation and presentation of the statement that give a true and fair view of the net loss and other comprehensive loss and other financial information of the holding company in accordance with the recognition and measurement principles laid down in Indian Accounting Standards ("Ind AS") prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The board of directors of the holding company are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the holding company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the statement that give a true and fair view and are free from

No. 48, Masilamani Road, Balaji Nagar, Royapettah, Chennai - 600 014. India.

T: +91-044-2813 1128 / 38 / 48 | F: +91-044-2813 1158
E: [email protected] | www.brahmayya.com

Brahmayya&co.
Chartered Accountants

material misstatement, whether due to fraud or error, which has been used for the purpose of preparation of the statement by the directors of the holding company, as aforesaid.

In preparing the statement, the Board of Directors of the holding company is responsible for assessing the ability of the holding company to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the holding company or to cease operations, or has no realistic alternative but to do so. The board of directors of the holding company is responsible for overseeing the financial reporting process

Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results

Our objectives are to obtain reasonable assurance about whether the statement as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the statement. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion on whether the holding company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
• Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the holding company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if

No. 48, Masilamani Road, Balaji Nagar, Royapettah, Chennai - 600 014. India.

T:+91-044-2813 1128/38/48 | F:+91-044-2813 1158
E:[email protected] | www.brahmayya.com

Brahmayya&co.
Chartered Accountants

such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the holding company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.
• We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.
• Obtain sufficient appropriate audit evidence regarding the financial results of the holding company to express an opinion on the statement. We are responsible for the direction, supervision and performance of the audit of the financial results of the Holding Company of which we are the independent auditor's. For the other entity included in the Statement, which have been audited by other auditor, such other auditor remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matters

The statement include the Group's share of Net profit/(Loss) after tax of (INR 684.15 Lakhs) and INR 721.48 Lakhs and Group's Share of Total Comprehensive Income/(Loss) of (INR 684.15 Lakhs) and INR 721.48 Lakhs for the quarter and year ended 31st March 2026 as considered in the statement, in respect of one overseas joint venture which have been audited by their Independent Auditor. The independent auditors' reports on the financial statements of this entity have been furnished to us by the management and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this entity, is based solely on the report of such auditor and the procedures performed by us are as stated in section Basis of Opinion above.

The financial statements and other financial information of this foreign Joint Venture have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been audited by other auditor under generally accepted accounting standards

No. 48, Masilamani Road, Balaji Nagar, Royapettah, Chennai - 600 014. India.

T: +91-044-2813 1128 / 38 / 48 | F: +91-044-2813 1158
E: [email protected] | www.brahmayya.com

Brahmayya & Co.
Chartered Accountants

applicable in their respective countries. The Holding Company's Management has converted the financial statements of such joint venture located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have audited these conversion adjustments made by the Holding Company's management. Our opinion in so far as it relates to the balances and affairs of such Joint Venture located outside India is based on the report of other auditor and the conversion adjustments prepared by the management of the Holding Company are audited by us.

Our opinion on the statement is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditor.

The Statement include the results for the quarter ended 31st March 2026, being the balancing figures between the audited figures in respect of the full financial year and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subject to limited review by us.

For Brahmayya & Co.,
Chartered Accountants
Firm Registration No. 000511S

SRIKRIS Digitally signed
by SRIKRISHNA N
Date: 2026.05.27
19:11:03 +05'30'

N Sri Krishna
Partner
Membership No. 026575
UDIN: 26026575KQFFHD2945

Place: Chennai
Date: 27th May 2026

No. 48, Masilamani Road, Balaji Nagar, Royapettah, Chennai - 600 014. India.
T: +91-044-2813 1128 / 38 / 48 | F: +91-044-2813 1158
E: [email protected] | www.brahmayya.com