Board Meeting Outcome

Meeting Date: November 10, 2026 (10:00 AM - 1:25 PM)

Subject: Outcome of Board Meeting pursuant to SEBI Regulations 30 and 33 of Listing Obligations and Disclosure Requirements Regulations, 2015

The Board of Directors of Madala Holdings Limited approved the unaudited financial results for the quarter and half year ended September 30, 2026, as recommended by the Audit Committee. The results were reviewed by statutory auditors Pavuluri & Co. who issued an unmodified conclusion.

Financial Results Summary

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Total Income: ₹(46.95) lakhs vs ₹425.03 lakhs (YoY)
  • Revenue from Operations: ₹383.85 lakhs vs ₹338.90 lakhs (YoY)
  • Other Income/(Loss): ₹(430.80) lakhs vs ₹86.13 lakhs (YoY)
  • Total Expenses: ₹652.88 lakhs vs ₹171.50 lakhs (YoY)
  • Employee Benefits: ₹28.73 lakhs
  • Finance Costs: ₹8.26 lakhs
  • Depreciation: ₹373.50 lakhs
  • Other Expenses: ₹242.39 lakhs
  • Profit Before Tax: ₹(699.83) lakhs vs ₹253.53 lakhs (YoY)
  • Tax Expense: ₹(72.58) lakhs (Current: ₹21.42 lakhs, Deferred: ₹(94.00) lakhs)
  • Net Profit/(Loss): ₹(627.25) lakhs vs ₹186.14 lakhs (YoY)
  • EPS (Basic): ₹(4.25) vs ₹1.26 (YoY)

Half-Year Performance (H1 FY27 vs H1 FY26)

  • Total Income: ₹841.06 lakhs vs ₹1,045.66 lakhs (YoY)
  • Revenue from Operations: ₹769.88 lakhs vs ₹677.73 lakhs (YoY)
  • Other Income: ₹71.18 lakhs vs ₹367.93 lakhs (YoY)
  • Total Expenses: ₹1,188.41 lakhs vs ₹306.46 lakhs (YoY)
  • Profit Before Tax: ₹(347.35) lakhs vs ₹739.20 lakhs (YoY)
  • Tax Expense: ₹(63.23) lakhs (Current: ₹79.14 lakhs, Deferred: ₹(142.37) lakhs)
  • Net Profit/(Loss): ₹(284.12) lakhs vs ₹630.10 lakhs (YoY)
  • EPS (Basic): ₹(1.92) vs ₹4.27 (YoY)

Key Notes to Financial Results

1. The financial results were reviewed by the Audit Committee and approved by the Board on November 10, 2026, with statutory auditors issuing an unmodified limited review report.

2. The Company revised the estimated remaining useful life of certain buildings proposed to be demolished as part of its redevelopment plan. This resulted in significantly higher depreciation charge of ₹373.50 lakhs for the quarter (compared to ₹41.73 lakhs in Q2 FY26).

3. The Company operates in a single business segment "INFRA Business" as per Ind AS 108.

4. Paid-up equity share capital remained unchanged at ₹1,517.77 lakhs (face value ₹10 per share).

Assets and Liabilities Position (as at September 30, 2026)

Total Assets: ₹12,357.68 lakhs (vs ₹12,053.36 lakhs as at March 31, 2026)

  • Non-current Assets: ₹6,296.65 lakhs (Property, plant and equipment: ₹933.27 lakhs)
  • Current Assets: ₹6,061.03 lakhs (Cash and cash equivalents: ₹345.19 lakhs)

Total Equity and Liabilities: ₹12,357.68 lakhs

  • Equity: ₹11,331.46 lakhs (Equity share capital: ₹1,517.77 lakhs, Other Equity: ₹9,813.69 lakhs)
  • Non-current Liabilities: ₹954.07 lakhs
  • Current Liabilities: ₹72.15 lakhs

Cash Flow Statement (Half-Year Ended September 30, 2026)

  • Net Cash from Operating Activities: ₹372.42 lakhs
  • Net Cash Used in Investing Activities: ₹(141.62) lakhs (primarily due to investment in mutual funds/venture capital funds of ₹2,800.00 lakhs)
  • Net Change in Cash: Increase of ₹230.80 lakhs
  • Cash and Cash Equivalents at End: ₹345.19 lakhs (vs ₹114.39 lakhs at beginning)

The statement of cash flow was prepared using the indirect method as per Ind AS 7.