Seemax Resources H1 FY27 Net Loss ₹161.16 Lakh

1. The Unaudited Financial Results of the Company for the Half Year ended on 30th September, 2026 along with Limited Review Report.

2. Statement of Deviations/ Variations for the proceeds of the Initial Public Offering ("IPO") for the Half Year ended on 30th September, 2026 as per Regulation 32 of SEBI (LODR) Regulations, 2015.

3. Appointment of Mr. Kiransih Mansinh Parmar as a Chief Financial Officer of the Company with effect from 14th November, 2026.

Detailed Financial Results (Amount in ₹ Lakhs)

The unaudited financial results for the half year ended 30th September, 2026, are as follows, with comparatives:

Profit & Loss Statement Highlights:

Revenue from Operations: ₹531.96 (H1 FY27) vs. ₹545.13 (H1 FY26) vs. ₹829.29 (H2 FY26)
Total Income: ₹539.67 (H1 FY27) vs. ₹608.51 (H1 FY26) vs. ₹891.08 (H2 FY26)
Total Expenses: ₹757.80 (H1 FY27) vs. ₹616.72 (H1 FY26) vs. ₹640.69 (H2 FY26)
Profit/(Loss) Before Tax: (₹218.13) (H1 FY27) vs. (₹8.21) (H1 FY26) vs. ₹250.39 (H2 FY26)
Tax Expense: (₹56.97) (Deferred Tax) (H1 FY27) vs. ₹5.11 (H1 FY26) vs. ₹62.18 (H2 FY26)
Profit/(Loss) for the Period: (₹161.16) (H1 FY27) vs. (₹13.31) (H1 FY26) vs. ₹188.21 (H2 FY26)
Earnings Per Share (Basic & Diluted): (₹4.41) (H1 FY27) vs. (₹0.44) (H1 FY26) vs. ₹6.27 (H2 FY26)

Balance Sheet Highlights (as at 30th September 2026):

Paid-Up Equity Share Capital: ₹440.00 Lakhs (Post-IPO) vs. ₹300.00 Lakhs (31st March 2026)
Reserves and Surplus: ₹1,913.33 Lakhs (30th Sept 2026) vs. ₹747.12 Lakhs (31st March 2026)
Total Equity: ₹2,353.33 Lakhs (30th Sept 2026) vs. ₹1,047.12 Lakhs (31st March 2026)
Total Assets: ₹4,018.14 Lakhs (30th Sept 2026) vs. ₹2,300.23 Lakhs (31st March 2026)

Cash Flow Highlights (H1 FY27):

Net Cash from Operating Activities: (₹229.70)
Net Cash from Investing Activities: (₹1,125.51)
Net Cash from Financing Activities: ₹1,826.46
Net Increase in Cash: ₹471.25
Cash and Cash Equivalents at End: ₹481.26 (vs. ₹10.01 at start of year)

Key Notes to Financial Results

1. The results are prepared as per Accounting Standards under the Companies Act, 2013 and are reviewed by the Audit Committee.

2. The company is exempt from adopting Ind AS as it is listed on the SME Exchange.

3. The company has a single reportable business segment.

4. No investor complaints were received/pending as of 14th November 2026.

5. The impact of New Labour Codes effective from 21 November 2025 was assessed and found not to be material for H1 FY27.

6. The company issued 14,00,000 Equity Shares of ₹10 each at a premium of ₹131 per share via an IPO, listed on the BSE SME platform on 7th July 2026. This increased the paid-up capital from 30,00,000 to 44,00,000 shares.

Statement on IPO Fund Utilization (Half Year ended 30-09-2026)

The company reported no deviation or variation in the use of funds raised through its IPO (Amount Raised: ₹1,974.00 Lakhs on 07-07-2026). The utilization against objects is as follows:

| Funding of Capital Expenditure | 1000.00 | 546.94 | 0.00 |

| To meet working capital requirements | 325.00 | 313.64 | 0.00 |

| General corporate purposes | 296.10 | 296.10 | 0.00 |

| Repayment of borrowings | 150.00 | 150.00 | 0.00 |

| Issue Related Expenses | 202.90 | 202.90 | 0.00 |

The Audit Committee and auditors had no comments.

Appointment of Chief Financial Officer

Mr. Kiransih Mansinh Parmar was appointed as Chief Financial Officer (CFO) effective 14th November 2026. His brief profile, as provided, states he is experienced in handling accounts, income tax matters, GST and VAT compliance, and audits. He is not related to any director of the company.