Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended 30 September 2026

Nature of Filing / Announcement: Outcome of Board Meeting under SEBI Listing Regulations

Audit Opinion:

Limited Review Report issued by Statutory Auditors M/s V Sankar Aiyar & Co. - No material misstatements identified.

Key Financial Highlights [₹ in lakhs]:

Standalone Results:

Quarter ended 30-Sep-26:

  • Revenue from Operations: ₹20,965.81 (vs ₹20,451.14 in Q2 FY26, +2.5% YoY)
  • Total Income: ₹26,172.07 (vs ₹24,810.06 in Q2 FY26)
  • Net Profit: ₹1,699.37 (vs ₹312.64 in Q2 FY26)
  • EPS: ₹5.70 (vs ₹1.05 in Q2 FY26)

Half Year ended 30-Sep-26:

  • Revenue from Operations: ₹47,617.99 (vs ₹41,477.80 in H1 FY26, +14.8% YoY)
  • Total Income: ₹54,562.07 (vs ₹47,284.58 in H1 FY26)
  • Net Profit: ₹751.77 (vs ₹(76.00) in H1 FY26)
  • EPS: ₹2.52 (vs ₹(0.26) in H1 FY26)

Standalone Position as at 30-Sep-26:

  • Cash and Cash Equivalents: ₹728.54 lakhs
  • Total Debt: ₹78,692.77 lakhs (Non-current borrowings: ₹55,538.78 lakhs + Current borrowings: ₹23,153.99 lakhs)
  • Other Equity: ₹3,09,138.63 lakhs

Consolidated Results:

Quarter ended 30-Sep-26:

  • Revenue from Operations: ₹27,665.39 (vs ₹24,117.47 in Q2 FY26, +14.7% YoY)
  • Total Income: ₹32,877.21 (vs ₹28,643.29 in Q2 FY26)
  • Net Profit: ₹18,472.70 (vs ₹16,429.40 in Q2 FY26, +12.4% YoY)
  • EPS: ₹62.21 (vs ₹55.34 in Q2 FY26)
  • Net Profit attributed to Owners: ₹18,527.78 lakhs

Half Year ended 30-Sep-26:

  • Revenue from Operations: ₹58,878.49 (vs ₹49,863.27 in H1 FY26, +18.1% YoY)
  • Total Income: ₹65,629.12 (vs ₹55,408.23 in H1 FY26)
  • Net Profit: ₹18,477.82 (vs ₹16,381.72 in H1 FY26, +12.8% YoY)
  • EPS: ₹62.41 (vs ₹55.35 in H1 FY26)
  • Net Profit attributed to Owners: ₹18,587.46 lakhs

Consolidated Position as at 30-Sep-26:

  • Cash and Cash Equivalents: ₹2,408.46 lakhs
  • Bank balances other than cash: ₹26,665.52 lakhs
  • Total Debt: ₹1,65,657.86 lakhs (Non-current borrowings: ₹1,13,259.30 lakhs + Current borrowings: ₹52,398.56 lakhs)
  • Other Equity: ₹4,20,458.12 lakhs

Segment-wise Performance [₹ in lakhs]:

Quarter ended 30-Sep-26 Segment Revenue:

  • Sugar: ₹19,494.49
  • Ethanol: ₹2,803.76
  • Real Estate: ₹2,481.08
  • Engineering Services: ₹2,647.18
  • Others: ₹1,778.82

Quarter ended 30-Sep-26 Segment Results:

  • Sugar: ₹1,347.39 profit
  • Ethanol: ₹(121.55) loss
  • Real Estate: ₹(204.49) loss
  • Engineering Services: ₹117.33 profit
  • Others: ₹135.20 profit

Corporate Actions:

  • Redemption of 20,00,000 unlisted 7% Non-Convertible Redeemable Preference Shares (NCRPS) of ₹10 each (due to expire on 16 November 2026)
  • Declaration of Interim Dividend on total 50,00,000 unlisted 7% NCRPS of ₹10 each at a proportionate rate of 2.68494% (₹0.268494 per share) for the period from 30 June 2026 to 16 November 2026

Other Significant Information:

Exceptional Items (Standalone) for H1 FY27:

  • Impairment loss on investment in Indian Furniture Products Limited: ₹1,085.63 lakhs
  • Impairment loss on investment in Zuari Furniture Limited: ₹517.05 lakhs
  • Insurance claim settlement gain: ₹481.25 lakhs
  • Total exceptional items: ₹(1,121.43) lakhs

Exceptional Items (Consolidated) for H1 FY27:

  • Insurance claim settlement gain: ₹481.25 lakhs
  • Total exceptional items: ₹481.25 lakhs

Entities in Consolidation:

The consolidated results include 5 subsidiaries reviewed by auditors, 13 associates reviewed by auditors, 2 subsidiaries not reviewed by auditors, and 15 associates and 1 joint venture not reviewed by auditors (details provided in Annexure 1)

Seasonality Note:

The sugar business is seasonal with cane crushing normally occurring between October to May, while sales occur throughout the year

New Labour Codes Impact:

The Government of India consolidated multiple labour legislations into four Labour Codes on 21 November 2025. The Group has assessed and recognized the monetary impact as exceptional items