Reply to Clarification- Financial results

KEL/SEC/SKC/9/2026 September 02, 2026 National Stock Exchange of India Exchange Plaza, C-1 Block G, Bandra Kurla Complex Bandra East Mumbai – 400 051 Company Symbol : KARMAENG Subject: Clarification and Rectification regarding Discrepancy in Standalone Financial Results for the Quarter Ended June 30, 2026 – Regulation 33(2)(b) of SEBI (LODR) Regulations, 2015 Ref: Your communication regarding Discrepancies in Financial Results – Reg 33(2)(b) Dear Sir / Madam, This has reference to your communication regarding the discrepancy observed in the Standalone Financial Results of the Company for the quarter ended June 30, 2026, pertaining to the signatory requirements under Regulation 33(2)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In this regard, we submit the following: We confirm that the Standalone Financial Results for the quarter ended June 30, 2026, were signed by Shri Neelkamal Vrajlal Siraj – Director (DIN: 00021986), who was duly authorized by the Board of Directors at its meeting held on 13th August, 2026 due to the absence of the Chairperson and Managing Director. As requested, we enclose herewith a certified true copy of the extract of the Board Resolution authorizing Shri Neelkamal Vrajlal Siraj to sign the financial results, confirming compliance with Regulation 33(2)(b). We request you to kindly take the above submission and rectified documents on record and update your portal accordingly. Thanking you, For KARMA ENERGY LIMITED T V Subramanian CFO & Company Secretary KARMA ENERGY LIMITED Regd. Off. Empire House, 214, Dr. D. N. Road, Ent. A. K. Nayak Marg, Fort, Mumbai – 400 001 Tel Nos. 22071501 (6 Lines), Fax : 22071514, Email : karmaenergy@weizmann.co.in www.karmaenergy.co . CIN L31101MH2007PLC168823 CCEERRTTIIFFIIEEDD TTRRUUEE CCOOPPYY OOFF TTHHEE RREESSOOLLUUTTIIOONN PPAASSSSEEDD AATT TTHHEE MMEEEETTIINNGG OOFF TTHHEE BBOOAARRDD OOFF DDIIRREECCTTOORRSS OOFF KKAARRMMAA EENNEERRGGYY LLIIMMIITTEEDD HHEELLDD OONN AAUUGGUUSSTT 1133,, 22002266 AATT 119922,, KKIITTAABB MMAAHHAALL,, DDRR DD NN RROOAADD,, FFOORRTT,, MMUUMMBBAAII –– 440000 000022.. "RESOLVED THAT pursuant to the provisions of Regulation 33(2)(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force), and in view of the absence / non-availability of the Chairperson and Managing Director, of the Company at the Board Meeting, Shri Neelkamal Vrajlal Siraj (DIN: 00021986), Director of the Company, be and is hereby authorized to sign the Un-audited Standalone Financial Results of the Company for the quarter ended June 30, 2026, along with the Limited Review Report thereon, for and on behalf of the Board of Directors of the Company. RESOLVED FURTHER THAT Shri Neelkamal Vrajlal Siraj - (DIN : 00021986), Director, and / or T V Subramanian – CFO & Company Secretary & Compliance Officer of the company, be and are hereby severally authorized to submit the signed financial results to BSE Limited, and National Stock Exchange of India Ltd, upload the requisite PDF and XBRL filings on the BSE Listing Centre and NEAPS Portal, and do all such acts, deeds, matters, and things as may be necessary, proper, or expedient to give effect to this resolution and comply with the statutory requirements." CERTIFIED TRUE COPY For KARMA ENERGY LIMITED T V Subramanian CFO & Company Secretary KARMA ENERGY LIMITED Regd. Off. Empire House, 214, Dr. D. N. Road, Ent. A. K. Nayak Marg, Fort, Mumbai – 400 001 Tel Nos. 22071501 (6 Lines), Fax : 22071514, Email : karmaenergy@weizmann.co.in www.karmaenergy.co . CIN L31101MH2007PLC168823 Karma E nergy ECO POWER® KE LISE C/SK C/8// 2026 August13,2026 National Stock Exchange of India Exchange Plaza, C-1 Block G, Sandra Kurla Complex Sandra East Mumbai -400 051 Company Symbol : KARMAENG Sub : Outcome of the Board Meeting held on August 13, 2026 Sir, The Meeting of the Board of Directors of the Company held on 13th August, 2026 have unanimously approved and resolved on the following agenda item:- ❖ Un-audited Financial Results for the First quarter ended June 30, 2026 along with Limited Review Report of the Auditors thereon. The meeting of the Board of Directors commenced at 16.10 hrs and concluded at 16.30 hrs (1ST). We request you to take the above on record and note the compliance under relevant regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR). Thanking you, NERGY LIMITED TV Subr ian CFO & C ny Secretary Encl: a/a KARMA ENERGY LTD. Regd. Off: Empire House, 214, Dr. D. N. Road, Ent. A.K. Nayak Marg, Fort, Mumbai - 400 001 Tel: 022-22071501-06 • Fax: 022-22071514 • Email: karmaenergy@weizmann.co.in www.karmaenergy.co • CIN: L31101MH2007PLC168823 Batliboi & Purohit National Insurance Building, 2nd Floor, D.N. Road, Fort, Mumbai -400 001. Tel.: 22077942 / 22014930 Chartered Accountants E : auditteam@bnpindia.in www.batliboipurohit.com Independent Auditor's Review Report on Unaudited Quarterly Financial Results To the Board of Directors Karma Energy Limited I. We have reviewed the accompanying statement of unaudited financial results of Karma Energy Limited ('the Company') for the quarter ended June 30, 2026, (the Statement') attached herewith being submitted by the Company pursuant to the requirements ofR egulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). 2. The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" 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 Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. 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. 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 persons 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 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. 4. Based on our review conducted as above 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 Standards ('Ind AS') specified under Section 133 of the Companies Act, 20 I 3 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. For Batliboi & Purohit Chartered Accountants Firm Registration No. IOI 048W Atul Mehta Partner Membership no 15935 UDIN: '2G O I S-9 3S- '--I 61 )(TFS 5 I 5 -=t Place : Mumbai Date: August 13, 2026 Branches : Thane I Navi Mumbai I New Delhi Karma Energy Limited (CIN -L3110MH2007PLC168823) Regd. 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