Date: 10th November 2025

Dear Sir/Madam,

Sub: Outcome of Board Meeting held on Monday 10th November, 2025

Ref: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

In continuation to our communication dated 1st November, 2025, informing the date of Board Meeting. The Board of Directors of the Company at its meeting held today inter alia considered and approved the following:

• 1. Unaudited Standalone & Consolidated Financial Results for the quarter and half year ended on 30th September, 2025 with the Statement of Assets and Liabilities for the half year ended on 30th September, 2025.
• 1. Standalone and Consolidated Statement of Cash Flow for the half year ended on 30th September, 2025.
• 1. Limited Review Report on the Standalone and Consolidated Financial Results for the quarter and half year ended on 30th September, 2025.

The meeting of Board of Directors of the Company commenced at 3:30 P.M. and the meeting concluded at 5:30 P.M.

We request you to kindly take the above information on your record.

Thanking You.

Yours faithfully, For N K Industries Limited

_____________________ Dodiya Jelin Ashishbhai 2025.11.10 17:44:10 +05'30' 11.0.23

Jelin Dodiya Company Secretary & Compliance Officer Mem. No: A71847

Pankaj R Shah & Associates Chartered Accountants

Independent Auditors Review Report on the Quarterly and year to date Unaudited Standalone Financial Results of the Company pursuant to the Regulation 33 of SEBI (Listing Obligations and Disclosure Reqµirements) Regulations, 2015, as amended

Review Report to, The Board of Directors N.K. INDUSTRIES LIMITED, Ahmedabad.

We have reviewed the accompanying statement of unaudited standalone financial results of N.K.INDUSTRIES LIMITED (the "company") for the quarter ended September 30, 2025 and for the period from to date April 1 2025 to September 30,2025 (the "statement")attached herewith, being submitted by the company pursuant to the requirements of Regulation 33 of the SEBI (Listing obligations & Disclosure Requirements) Regulation,2015, (the Regulation) as amended, (the "Listing Regulations").

This 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 the Indian Accounting Standard 34, "Interim Financial Reporting" ("Ind AS 34") prescribed under section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulations 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review.

We conducted our review of the Statement in accordance with the Standard Review Engagements (SRE) 2410 'Review of Interim Financial

Pankaj R. Shah & Associates

Chartered Accountants

Continuation Sheet

Performed by the Independent Auditor of the Entity' issued by the Institute of Chartered Accountants of India (ICAI). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free from material misstatement. A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 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.

Basis of Qualified Opinion

1. The Company had entered into financial arrangement with National Spot Exchange Ltd (NSEL) through trading and Clearing Member, N.K. Proteins Private Ltd (erstwhile N. K. Proteins Limited (NKPL) (Group Company) by way of purchase and sales of various goods up to financial year 2012-13. The trade payables and trade receivables arising out of the said transactions through National Spot Exchange Limited (NSEL) from the concerns other than the group concerns are subject to confirmations by the respective parties/NSEL and reconciliations/adjustments, if any. Further, NSEL has suspended the trading on 31.07.2013, as per the directions issued by the Government of India, Ministry of Consumer Affairs. NSEL has initiated recovery proceedings against the group company NKPL and also against the company by filing a civil suit in the Hon'ble High Court of Mumbai for an alleged amount of around Rs.937 crores plus interest .and the said proceedings are pending as on date. Further, the Home department, Government of Maharashtra has issued a notification under the Maharashtra Protection of Interest of Depositors (in financial establishments)-Act, 1999 (MPID Act) attaching the Land, Building & Plant & Machinery of the company located at Kadi, Gujarat. The company had challenge .~ H & "'1J><.P. "':> 0 notification issued by Home department of Maharashtra ;~ RED ^~.d.. ,.,., Hon'ble Gujarat High Court which was disposed off vides it e>- der *v, "'1h'MED~'OI>-~ dated 29th March 2017. The company preferred a Special Le·""'~

Pankaj R. Shah & Associates continuation She ^{e t} Chartered Account;a nts

Petition before the Hon'ble Supreme Court of India against the order of Hon'ble Gujarat High Court and The Hon'ble Supreme Court of India had disposed off the Special Leave Petition on 17th April, 2017 with a observation to file an application before Hon'ble Bombay High Court, Mumbai, and as informed by the management, the company has filed petition before the Hon'ble Bombay High Court in June 2017 which is pending .Besides the above, the company has also filed its objections against the attachment notification before the Designated Special MPID Court, Mumbai. In view of the above that the matter is subjudice, and the alleged liability /claim are not accepted by the company, we are unable to quantify the final liability and its impact if any, on the loss of the company for the Quarter and half year ended on 30th September ,2025.

1. The Directorate of Enforcement, Government of India has initiated proceedings against the company under section 5(1) of the prevention of Money Laundering Act, 2002, along with group company NKPL, and by virtue of the provisional attachment order dated 10/03/2015, attached the assets of the company comprising of Land, building, plant and machinery situated at Survey Nos.719, 720, 721, 732/1, 732/2, 733, 741, 743, 744, 745, Kadi Thol Road, Village Kadi Kasba , taluka- Kadi, District Mehsana-382715 Gujarat. As explained to us, The Company has preferred an appeal before the Hon'ble Appellate Tribunal under the Prevention of Money laundering Act, 2002 against the order of Adjudicating Authority.

Further, The Director of Enforcement (hereinafter referred to as ED), Government of India had initiated proceedings of search/seizure on 30.05.2018 on the group company NKPL, the promoters of the company late Shri Nilesh Patel and Shri Nimish Patel, one of the family member as well as on the company and thereafter on 29.06.2018, the ED, Government of India, had preferred an apQ i • ~· "l.p u/s 17(4) of the Prevention of Money Laundering Act, 2002 [~ lbro '% Adjudicating Authority, New Delhi, vide it's Application No ~ ~l~~ws 't: * * of 2018 against the company as well as group company N the promoters for retention of the seized properties and for

Pankaj R. Shah & Associates continuation Sheet Chartered Ac

0 8'111ii"tiltion of order of freezing the properties, till finalization of the proceedings, of the properties mentioned in the application u/s 17(4) of the PMLA Act, 2002. The company along with Group Company and promoters challenged the show cause notice issued by the adjudicating authority New Delhi, before the Hon'ble High Court of Delhi and the Hon'ble High Court has set aside the said show cause notice. The Director of Enforcement has attached assets of the company, group company NKPL and the promoters of the company by issuing a fresh show cause notice dated 30/08/2018 and the company has filed an appeal before PMLA Appellate Tribunal, Delhi.

In view of the above that the matter is subjudice, and the alleged liability /claim are not accepted by the company, we are unable to quantify the final liability and its impact if any, on the loss of the company for the Quarter and half year ended on 30th September,2025.

1. The Government of Maharashtra, (at the instance of Economic wing offence Mumbai), has filed supplementary Charge sheet dated 25th December, 2018 under the various sections of IPC AND MPID Act against the company and its chairman Shri Nimish Patel. Further MPID Court on the basis of above supplementary charge sheet has issued summons and as stated by the management, the company has complied with said summons. However, the matter is subjudice. Thus, in view of the fact that the said criminal proceedings which have been initiated, inter alia, against the company and its Chairman Shri Nimish Patel are pending, we are unable to ascertain/quantify the final liability, if any, that may arise from the said criminal proceedings and therefore we are unable to quantify its impact, if any, on the loss of the company for the Quarter and half year ended on 30th September,2025.

Based on our review conducted as above, except as mentioned in qualified opinion, nothing has come to our attention that cau <;, \11.H ") believe that the accompanying Statement, prepared in accordan ^~ .d.. ~ recognition and measurement principles laid down in the afores 'I A dia ~*"" 'il'fME y,t>: Accounting Standard ("Ind AS") specified under section 133 o

Pankaj R. Shah & Associates

Chartered Accountants Continuation Sheet

Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulations 33 and 52 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

EMPHASIS OF MATTER

1. The company is having accumulated losses (after taking into account the balance of reserves) of Rs 35403.93 lakhs as at 30.09.2025 and the net worth of the company is negative. However, as per the business plan and future cash flow projections submitted by the management to us and accepted by us, the Company is making sincere efforts for the revival of the Business & the management is confident to recover the losses through improved profitability in foreseeable future. Therefore, no provision for the impairment has been made and accounts for the year have been prepared on "going concern basis." Further, the above projections also contains business plan/ projected cash flow prepared by the management and accepted by us with respect to the subsidiaries company i.e. Banpal Oil Chem Private limited and NK OIL Mills Private limited ,( Except Tirupati Retail India Pvt ltd where proper provision of Impairment has been done) the management is confident to also revive the operations of the loss making these two subsidiary companies, hence no provision for impairment in the fair value of the investment made in the said subsidiary companies has been made in the books of accounts of the company.

Our report is not modified in respect of this matter of Emphasis.

Date: 10-11-2025 Place: Ahmedabad For, Pankaj R Shah & Associates Chartered Accountants Registration No.107361W

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CA Nilesh Shah Partner Membership No.107414 UDIN: 25107414BMGJZQ8343

N.K.lndustries Limited

Registered Office: 7th Floor.Popular House.Ashram Road, Ahmedabad - 380 009.

Works: 745, Kadi-Thor Road, KADl-382715 Dist.Mehsana (North Gujarat)

Standalone Statement of Unaudited Financial Results For The Quarter and Half Year Ended On 30th September, 2025

GIN: L9111OGJ1987PLC009905, Phone: 91-79-66309999, Email: [email protected]

Notes:

1. The above nnanc) al re.ults have been reviewed by the Audit Commil lee and approved by the Board of Directors at its meeting held on 10th November, 2025 and a1., pl:bH•hed in <occordance wilh the SEBI (LODR) Regulat;ons. 2015.

2. As the Comp .. ny has only one busineas segment, di.clo ure under Accounting Standard 17 on "Segment Repor1ing" Issued by the lnsl ilule of Chartered Accounlants of India is no1 applicable.

3. The Audilors' report on the standalone financial results for the quarter and half year ended 30th September, 2025 contains qualifical ion regarding transaclions enle•ed by C<Jmp<1ny during f.y. 2012-13 through trading and clearing member with NSEL. With respect to the said qualification it is to be submitted 1hat Nalional spot E•change Lin1ited (NSEL) has s.,rved a nolice to N K Proteins Private Limiled (Formerly f-novm as N K Proleins Limited) who was a Trading and Clea1ing Member at NSEL and N K lndu>t<ic s Limited was oniy a client Company of Trading Member i.e. N K Pr01eins Limited. As regards, the balances of trade receivables and trade payables ari•ing out of the l1dr1s, ctivns through NSEL platform, the same cannot be cor.firmo::d pursuant to the pendency of liligalions and as the mailer is still pending before the re pective authurilies. Further, the Home Department, Go\/ernrnent of Maha1ashtra has issued a rotiricalion under the MPID Act, 1999 securing the attachment of Land & Building and Plant & Mac.hinery of the Compdny. Agdinst this the Company had challenged the notif.cation iuued by Home department, Government of Maharashtra, before the Hon'ble High Court or •J~ . The Hon'ble Gujdrat High Court had disp< ed off the application of 1he Company vlde its order dated 29th March 2017.Against the said order U\e Compa11y harl p1efc-11.,d a Sp.,c•al Le .. ve Petitoon before the Hon'ble Supreme Court of India. The Hon'ble Supreme Court or India had disposed off the Special Leave Petition on 17/04!2017, with an ob•.,rvation to file an application before the Hon'ble Bombay High Court The Company has filed petition before the Hon'ble Bombay High Court in June 2017. 84 ;d.,.s the above, the Company has also filed its objecliofls agaln•t the attachment nolification before the Designat.,d Spl MPID Court, Mumbai. The matter is subjudice.

4. The Audilors' report on the standalone financial results for the period and quarter ended on 30th Seplember, 2025 contains qualificalion regarding proceedings i11itoat.,d by the Di1e tordte or Enfooc.:ment under the Pr"v.,nt;on of Money Laundering l'ct. 2002. With re p.,ct to the said qualifocal ion it is hereby cl<trified that the Comp .. ny has pr.,reri.,d an aµp"al befooe the Ho1l'ble App~llate Tribunal under the Pr.,venliun of Money Laundering Act, 2002. The matter is sub-jud•ce.

5. W:th regdrds to "rch and s.,izure carried out by the Dircetorate of Enforc;.,ment, Gov&rnment of India on 30.05.2018 the group company NKPPL, the Company along with roup c.ump"ny and promoters challanged the sliow cau e notice iS\$w d by the adjudicating authorily, New Delhi, before the Hon'ble High Court of Delhi and the Hon'ble High Court has set asiue the sl\ow cause nolice. Further ag~inst the allachment of the assets of the Company, the Company has issued fresh show cause dated 30.08.2018 and the Con1pany has filed an appeal before the PMLA Appellate Tribunal, Delhi., which Is pcnd:ng.

6. Govemment of Mahara htra has filed supt.,mentary charge sheet daled 25th December.2018, under the MPID Act against the Company and the Chairman. The Comp"ny has complied with all lhe summons under the said charge st.eel and the mdller was adjourned to various dates and now the mall;,r is further adjourned to 25th November, 2025.

7. Figure; of the pr.iv•ous p.,riod I year have been regrouped I reel ified wherever ne.::ei..ary to ma;..e them comparable with figu1es of the current period

AHMEDABAD November 10, 2025

For, N.K.lndustrie~imited Hasmukh ~~ K. Patel Wholetime Director

Din : 06587284

I Part II

N.K.lndustries Limited

N K Industries Umited Standalone Statement of Cash Flow for the Half Year ended on 30th September, 2025

Notes:

1. The cash flow statement has been prepared under the indirect method as set out in Indian Accounting Standard (lndAS 7) statement of cash flows

AHMED ABAD November 10, 2025

For, N.K.lndustries Limited

w#

Hasmukh K. Patel Wholetime Director Din : 06587284

Pankaj R Shah & Associates Chartered Accountants

Independent Auditors Review Report on the Quarter and half year ended on September 30 2025 Unaudited Consolidated Financial Results of the Company pursuant to the Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,as amended

Review Report to, The Board of Directors N.K. INDUSTRIES LIMITED, Ahmedabad.

We have reviewed the accompanying statement of unaudited consolidated financial results of N.K.INDUSTRIES LIMITED (the "Holding company") and its subsidiaries (the Holding Company and its Subsidiaries together referred to as "the Group for the quarter and half year ended September 30, 2025 attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing obligations & Disclosure Requirements) Regulation,2015, (the Regulation) as amended, (the "Listing Regulations").

This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulations 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review.

We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (!CAI). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of Parent's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and -onsequently 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 No. CIR/CFD/CMDl/44/ 2019 dated 29th March, 2019 issued by the Securities and Exchange Board oflndia under Regulation 33(8) of the Listing Regulations, to the extent applicable.

J

The statement includes the results of the following entities

Parent Company/Holding Company :

i. N.K.INDUSTRIES LIMITED

Subsidiaries:

• i. Banpal Oilchem Private limited
• ii. NK Oil mills Private limited.
• iii. Tirupati Retail (India) Pvt Ltd.

Basis of Qualified Opinion

1. The Holding Company had entered into financial arrangement with National Spot Exchange Ltd (NSEL) through trading and Clearing Member, N.K. Proteins Private Ltd (erstwhile N. K. Proteins Limited (NKPL) (Group Company) by way of purchase and sales of various goods up to financial year 2012-13. The trade payables and trade receivables arising out of the said transactions through National Spot Exchange Limited (NSEL) from the concerns other than the group concerns are subject to confirmations by the respective parties/NSEL and reconciliations/adjustments, if any. Further, NSEL has suspended the trading on 31.07 .2013, as per the directions issued by the Government of India, Ministry of Consumer Affairs. NSEL has initiated recovery proceedings against the group company NKPL and also against the Holding company by filing a civil suit in the Hon'ble High Court of Mumbai for an alleged amount of around Rs.937 crores plus interest and the said proceedings are pending as on date. Further, the Home department, Government of Maharashtra has issued a notification under the Maharashtra Protection of Interest of Depositors (in financial establishments)-Act, 1999 (MPID Act) attaching the Land, Building & Plant & Machinery of the Holding company located at Kadi, Gujarat. The Holding company had challenged the notification issued by Home department of Maharashtra before Hon'ble Gujarat High Court which was disposed off vides its order dated 29th March 2017. The Holding company preferred a Special Leave Petition before the Hon'ble Supreme Court of India against the order of Hon'ble Gujarat High Court and The Hon'ble Supreme Court of India had disposed off the Special Leave Petition on 17th April, 2017 with a observation to file an application before Hon'ble Bombay High Court, Mumbai, and as informed by the management, the Holding company has filed petition before the Hon'ble Bombay High Court in June 2017 which is pending.Besides the above, the Holding company has also filed its objections against the attachment notification before the Designated Special MPID Court, Mumbai.

In view of the above that the matter is subjudice, and the alleged liability /claim are not accepted by the company we are unable to quantify the final liability and its impact if any, on the loss of the Holding company for the quarter and half year ended on 30th September,2025.

along with group company NKPL, and by virtue of the provisional attachment order dated 10/03/2015, attached the assets of the Holding company comprising of Land, building, plant and machinery situated at Survey Nos.719, 720, 721, 732/1, 732/2, 733, 741, 743, 744, 745, Kadi Thol Road, Village Kadi Kasha , taluka- Kadi, District Mehsana-382715, Gujarat. As explained to us, the Holding Company has preferred an appeal before the Hon'ble Appellate Tribunal under the Prevention of Money laundering Act, 2002 against the order of Adjudicating Authority.

Futher,The Director of Enforcement (hereinafter referred to as ED), Government of India had initiated proceedings of search/seizure on 30.05.2018 on the group company NKPL, the promoters of the Holding company late Shri Nilesh Patel and Shri Nimish Patel, one of the family member as well as on the Holding company and thereafter on 29.06.2018, the ED, Government of India, had preferred an application u/s 17(4) of the Prevention of Money Laundering Act, 2002 before the Adjudicating Authority, New Delhi, vide it's Application No. OA/236 of 2018 against the company as well as group company NKPL and the promoters for retention of the seized properties and for continuation of order of freezing the properties, till finalization of the proceedings, of the properties mentioned in the application u/s 17(4) of the PMLA Act, 2002. The Holding company along with Group Company and promoters challenged the show cause notice issued by the adjudicating authority New Delhi, before the Hon'ble High Court of Delhi and the Hon'ble High Court has set aside the said show cause notice. The Director of Enforcement has attached assets of the Holding company, group company NKPL and the promoters of the Holding company by issuing a fresh show cause notice dated 30/08/2018 and the Holding company has filed an appeal before PMLA Appellate Tribunal, Delhi .

In view of the above that the matter is subjudice, and the alleged liability /claim are not accepted by the Holding company we are unable to quantify the final liability and its impact if any, on the loss of the Holding company for the quarter and half ended on 30th September,2025.

1. The Government of Maharashtra, (at the instance of Economic wing offence Mumbai), has filed supplementary Charge sheet dated 25th December, 2018 under the various sections of IPC AND MPID Act against the Holding Company and its Chairman Shri Nimish Patel. Further, MPID Court on the basis of above supplementary charge sheet has issued summons and as stated by the management ,the holding company has complied with said summons. However, the matter is subjudice. Thus, in view of the fact that the said criminal proceedings which have been initiated, inter alia, against the holding company and its Chairman Shri Nimish Patel are pending, we are unable to ascertain/quantify the final liability, if any, that may arise from the said criminal proceedings and therefore we are unable to quantify its impact, if any, on the loss of the Holding company for the quarter and half year ended on 30th September,2025.

2. The Subsidiary Company Tirupati Retail (India) Pvt ltd had entered into T1· ~T~ arrangement with National Spot Exchange Ltd (NSEL) through trading a · f",.h,r!n'id"P;:•"

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J

Member, N.K. Proteins private Limited erstwhile N.K Proteins Limited (NKPL) (Group Company) by way of purchase and sales of various goods for the financial year 2013- 14 up to 31-07-2013. The trade payables and trade receivables (now reflected under non current financial liabilities & non current financial assets) arising out of the transactions through National Spot Exchange Limited (NSEL) from the concerns other than the group concerns are subject to confirmations by the respective parties and reconciliations I adjustments, if any. Further, NSEL has initiated recovery proceedings against the group company viz. N.K. Proteins private Limited and Holding Company viz. N K Industries limited and also against the subsidiary Companies and the said proceedings are pending as on date. In view of the fact that the matter is sub-Judice, and the alleged liability/Claim are not accepted by the said subsidiary company, we are unable to quantify the final liability and its impact if any, on the loss of the Consolidated Accounts.

Based on our review conducted as above, except as mentioned in qualified opinion, and based on the consideration of the review reports of the other auditors referred to in paragraph below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard ("Ind AS") specified under section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

EMPHASIS OF MATTER

1. The Consolidated financial statements reflects accumulated losses (after taking into account the balance of reserves) of Rs 35703.04 lakhs as at 30.09.2025 and the net worth of the Consolidated accounts as well as Holding Company and Subsidiary Companies as at 30.09.2025 is negative. However, as per the business plan and future cash flow projections submitted by the management of the holding company to us and accepted by us and as informed by the management of the Holding Company, the Holding Company is making sincere efforts for the revival of the Business & the management is confident to recover the losses through improved profitability in foreseeable future. Therefore, provision for the impairment has not been provided for and accounts for the year have been prepared on "going concern basis." Similarly, on the basis of the Certificate received from the respective auditors of the subsidiary companies i.e Banpal Oil Chem Private limited and NK Oil Mills Private limited, (Except Tirupati Retail India Pvt limited, where proper provision of Impairment has been done) the management of the said two subsidiary companies are also making sincere efforts to revive the business and the management of the said Subsidiary companies are confident to recover the losses through improved profitability in foreseeable future. Therefore, no provision for the impairment has been made in the books of said subsidiary companies and in the consolidated accounts and accounts of the Holding and said Subsidiary Companies for the quarter have been pre ared on " going concern basis." s~f>.H & -4

)

• 1. NSEL has initiated recovery proceedings against the group company N. K. Proteins Private Ltd and has made one of the Subsidiary Company viz. N. K. Oil Mills Pvt Ltd., a party to the said proceedings and these proceeding are pending as on date.
• 3. In case of One of the Subsidiary Company viz. Banpal Oil Chem Pvt ltd, The Directorate of Enforcement, Government of India has initiated proceedings against the said company under section 5(1) of the prevention of Money Laundering Act, 2002, and by virtue of the provisional attachment order dated 27.08.2014, attached the assets of the subsidiary company comprising of Factory Plant, Land, Building & Plant & Machinery of the company located at plot No. 144/64,65,66 of Chandisar Industrial Area. GIDC Mauje chandisar, Taluka-Palanpur, Dist- Banaskantha, Gujarat. As explained to us, The said Subsidiary company has preferred an appeal before the Hon'ble Appellate Tribunal under the Prevention of Money laundering Act, 2002.However, matter is subjudice, we are unable to quantify the liability and its impact if any, on the loss of the consolidated accounts.
• 1. On the basis of certificate received from the Management of Holding company, the holding company does not have any control on its joint Venture viz "AWN AGRO PRIVATE LIMITED" and hence no consolidation of the said joint venture is taken in to accounts while consolidation of accounts.

Our report is not modified in respect of this matter of Emphasis.

OTHER MATTERS

The accompanying unaudited consolidated financial results includes unaudited interim financial results and other unaudited financial information of Three Subsidiaries which have been reviewed by their auditors, whose interim financial statements reflect total Revenue of Rs. 317.87 lakhs and total net loss after tax of Rs 48.61 lakhs for the quarter and half year ended on September 30, 2025 as considered in the unaudited consolidated financial results. These unaudited financial results and other unaudited financial information have been approved and furnished to us by the management. Our Conclusion, in so far as it relates to the affairs of these subsidiaries, is based solely on such unaudited financial results and other unaudited financial information.

Date: 10-11-2025 Place: Ahmedabad CA Nilesh Shah

Partner Membership No.107414 UDIN: 25107414BMGJZR9784

N.K.lndustries Limited

Registered Office: 7th Floor, Popular House.Ashram Road, Ahmadabad - 380 009. W orks: 745, Kadi-Thor Road, KADl-382715 Dist.Mehsana (North Gujarat)

Consolidated Unaudited Financial Results For The Quarter and Half year Ended On 30^{1 h}September, 2025

CIN: L9111OGJ1987PLC009905, Phone: 91-79-66309999, Email: [email protected]

Notes:

1. The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 1 oth November,2025 , and are published in accordance with the SEBI (LODR) Regulations, 2015.

2. As the Company has only one business segment, disclosure under Accounting Standard 17 on "Segment Reporting" issued by the Institute of Chartered Accountants of India is not applicable.

3. D1J1i11g the period Company had three Wholly Owned Subsidiries viz. M/s. Banpal Oilchem Private Limited, M/s. N.K.Oil Mills Private Limited and M/s. Tirupati Retail (India) Private Limited whose accounts have been consolidated herewith.

4. The Auditors' report on the consolidated financial results for the Quarter ended on 30th September, 2025 contains qualification regarding transactions entered by company during f.y. 2012-13 through trading and clearing member with NSEL. With respect to the said qualification it is to be submilled that National spol Exchange Limited (NSEL) has served a notice to N K Proteins Private Limited (Formerly known as N K Proteins Limited) who was a Trading and Clearing Member at NSEL and N K Industries Limited was only a client Company of Trading Member i.e. N K Proteins Limited. As regards, the balances of trade receivables and trade payables arising out of the transactions through NSEL platform, the same cannot be confirmed pursuant to the pendency of litigations and as the matter is still pending before the respective autho1ities. Further, the Home Department, Government of Maharashtra has issued a notification under the MPID Act, 1999 securing the all,,chment of Land & Building and Plant & Machinery of the Company. Against this the Company had challenged the notification issued by Home department, Government of Maharashtra, before the Hon'ble High Court of Gujarat. The Hon'ble Gujarat High Court had disposed off the application of the Company vide its order dated 29th March 2017.Against the said order the Company had preferred a Special Leave Petition before the Hon'ble Supreme Court of India. The Hon'ble Supreme Court of India had disposed off the Special Leave Petition on 17/04/2017, with an observation to file an application before the Hon'ble Bombay High Court. The Company has filed petition before the Hon'ble Bombay High Court in June 2017. Besides the above, the Company has also filed its objections against the attachment notification before the Designated Spl MPID Court, Mumbai. The matter is subjudice.

5. The Limited Review Report on the Consolidated financial results for the quarter and half year ended on 30th September,2025 contai11s qualification regarding proceedings initiated by the Directorate of Enforcement under the Prevention of Money Laundering Act, 2002. With respect to the said qualification it is hereby clarified that the Company has preferred an appeal before the Hon'ble Appellate Tribunal under the Prevention of Money Laundering Act, 2002. The matter is sub-judice.

6. With regards to search and seizure carried out by the Directorate of Enforcement, Government of India on 30.05.2018 the group company NKPPL, the Company along with group company and promoters challanged the show cause notice issued by the adjudicating authority, New Delhi, before the Hon'ble High Court of Delhi and the Hon'ble High Court has set aside the show cause notice. Further against the allachment of the assek of the Company, the Company has issued fresh show cause dated 30.08.2018 and the Company has filed an appeal before the PMLA Appellate Tribunal, Delhi., which is pending.

7. Government of Maharashtra has filed suplementary charge sheet dated 25th December,2018, under the MPID Act against the Company and the Chai1man. The Company has complied with all the summons under the said charge sheet and the matter was adjourned to various dalo:-s and now the mailer is further adjourned to 25th November, 2025.

8. Figures of the previous period I year have been regrouped I reclassified wherever necessary to make them comparable with figures of the curr1::nt period

9. The above consolidated figures have been prepared in accordance with the principles and procedrues as set out in Accounting Slandard-19 on Consolidated Financial Statements' issued by the Institute of Chartered Accountants of India.

PLACE: AHMEDABAD November 10, 2025

For, N.K.lndustrie:;Jited

who"~""'' le time director (DIN: 06587284)

jPart II

N.K.lndustries Limited

N. K. Industries Limited

Consolidated Cash Flow Statement for the Half Year ended on 30th September, 2025

1. The cash flow statement has been prepared under the indirect method as set out in I ndian Accounting Standard (I ndAS 7) statement of cash flows

PLACE: AHMEDABAD November 10, 2025

For, N.K. lndust ries Limited

\\'f~J

Hasmukh K~ Patel whole time director (DIN: 06 587284)