Reply to Clarification- Financial results

June 29, 2026 The Listing Compliance National Stock Exchange of India Limited, Exchange Plaza, Plot No. C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai - 400051 Symbol/Series: - RPPL / EQ Kind Attention: Mr. Daniel Dsouza Subject: Response to your email dated June 25, 2026 regarding clarification on Financial Results Dear Sir, This is with reference to your email dated June 25, 2026, seeking clarification in respect of the Audited Financial Results of Rajshree Polypack Limited (“the Company”) submitted to the Exchange pursuant to the outcome of the Board Meeting. With reference to the observations raised, we submit our response as under: 1. Machine Readable Form / Legible copy of Financial Results not submitted: Please find enclosed the Machine-Readable Form / legible copy of the Audited Financial Results for your kind reference and records. 2. Financial results submitted is not as per format prescribed under Schedule III of the Companies Act, 2013 or as per Indian Accounting Standard -Same figures in standalone & Consolidated: In this regard, at the outset, we respectfully submit that the Company has only one Joint Venture, namely Olive Ecopak Private Limited, which is classified as a joint venture in accordance with Ind AS 111 - Joint Arrangements. In terms of Ind AS 28 – Investments in Associates and Joint Ventures, investments in Joint Venture are accounted for using the Equity Method and are not consolidated on a line-by-line basis. Accordingly, in the Consolidated Financial Statements, the investment in the Joint Venture is presented as a single line item under Non-current Assets in the Balance Sheet, while the Company’s Share of Profit or Loss from the Joint Venture is recognized as a single line item in the Statement of Profit and Loss. Consequently, the only difference between the Standalone and Consolidated Financial Results pertains to this Company’s share of profit or loss from the Joint Venture. Further, during the third quarter of the financial year 2024-25, the accumulated share of losses from the Joint Venture exceeded the carrying amount of the Company’s investment therein. In accordance with Ind AS 28, the Company recognized its share of losses only up to the extent of its investment in the Joint Venture. No further share of losses has been recognized after the carrying amount of the investment was reduced to Nil. This accounting treatment has been appropriately disclosed in Note No. 4 forming part of the Notes to the Consolidated Audited Financial Results for the quarter and year ended March 31, 2026. Accordingly, during the fourth quarter of the Financial Year 2025-26, no additional share of loss from the Joint Venture has been recognized in the Consolidated Financial Results. As a result, the Standalone and Consolidated Financial Results for the said quarter contain identical figures. The aforesaid accounting treatment is fully compliant with the applicable Ind AS and has also been reviewed and confirmed by the Statuary Auditors of the Company. We further wish to submit that the Exchange had sought similar clarifications in respect of the identical Standalone and Consolidated Financial Results for the fourth quarter of Financial Year 2024-25 and the first, second and third quarters of Financial Year 2025- 26. On each such occasion, the Company had furnished the same explanation, which was accepted by the Exchange. The present clarification is therefore being submitted in response to the Exchange's email dated June 25, 2026. We respectfully request that, for future quarters involving identical circumstances, the Exchange may kindly take note of the explanatory disclosure contained in the Notes to the Consolidated Financial Results, which adequately explains the reason for the identical figures appearing in the Standalone and Consolidated Financial Results. This may help avoid the need for repetitive clarifications on the same accounting matter. We trust the above clarifications satisfactorily address the observations raised. Thanking You. For Rajshree Polypack Limited Ramswaroop Radheshyam Thard Chairman and Managing Director DIN: 02835505 Place: Thane JASS & Co LLP CHARTERED ACCOUNTANTS INDEPENDENT AUDITOR’S REPORT ON AUDIT OF CONSOLIDATED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF RAJSHREE POLYPACK LIMITED Opinion We have audited the accompanying Statement of Consolidated Financial Results of RAJSHREE POLYPACK LIMITED (the “Company”) and its share of net loss after tax of its jointly controlied entity for the quarter and year ended March 31, 2026 (the “Statement”), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “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 separate financial results of the jointly controlled entity, the aforesaid Statement: (i) includes the annual financial results of Company and the following entity: Jointly Controlled Entity e Olive Ecopak Private Limited (ii) is presented in accordance with the requirements of Regulation 33 of the Listing Regulations; and (ifi) gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards (“IND AS”) and other accounting principles generally accepted in India of the consolidated net profit and consolidated total comprehensive income and other financial information of the company and its jointly controlled entity for the quarter and year ended March 31, 2026. Basis for Opinion We conducted our audit in accordance with the Standards on Auditing (“SA”s) specified under Section 143(10) of the 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 company and of its jointly controlled entity in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (the “ICAI") together with the ethical requirements that are relevant to our audit of the Consolidated Financial Results 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 ICAI’s Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion. L,5 8 C2-~ ~x0 ! cHANEsED \(r ACCOUNTANTS \ \FRN V‘HDMBU 101, Neoshine House, ® . +91 99249728093 Veera Industrial Estate, Opp. Monginis Factory, + +91 99 4972 8024 New Link Road, Ancheri (West), @ :info@jassca.co.in Mumbai - 400 053 @ www. jassca.co.n (Formerly known as Singrodia & Co LLP) JASS & CollP Management’s Responsibilities for the Consolidated Financial Results This Statement which includes Consolidated financial results is the responsibility of the Company’s Board of Directors and has been approved by them for the issuance. The Statement has been compiled from the related audited consolidated financial results for the quarter and year ended March 31, 2026. This responsibility includes preparation and presentation of the Consolidated Financial Results that give a true and fair view of the consolidated net profit and consolidated other comprehensive income and other financial information of the company including its jointly controlled entity 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 its jointly [Showing first 8,000 characters — download PDF for full document]