General Updates

Dated: July 14, 2026 The Secretary, Listing Department The Secretary, Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Bandra Kurla Dalal Street, Mumbai – 400 001 Complex, Bandra Kurla (E), Mumbai – 400 051 Scrip Code: 544405 Symbol: BELRISE ISIN: INE894V01022 ISIN: INE894V01022 Sub: Intimation of Regulations 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements Regulations), 2015, as amended ("SEBI Listing Regulations") Dear Sir/ Madam, This is with reference to the Regulations 30 and 33 of the SEBI Listing Regulations, we wish to submit audited Consolidated Financial Results for the financial year ended March 31, 2026 together with Auditor’s Report thereon subject to approval of shareholders at the ensuing Annual General Meeting. This submission is also available on the Company’s website under the tab ‘Investor Relations’ at https://belriseindustries.com. You are requested to take the above information on record. Thanking you, Yours faithfully, For Belrise Industries Limited Siddhesh Mandke Company Secretary and Compliance Officer Membership No. A20101 G S A & Associates LLP Chartered Accountants INDEPENDENT AUDITOR’S REPORT To The Members of Belrise Industries Limited Report on The Consolidated Financial Statements OPINION We have audited the accompanying Consolidated Financial Statements of Belrise Industries Limited (“the Holding Company”) and its share of profit after tax and total comprehensive income of its subsidiaries (the Holding Company and its subsidiaries together referred to as “the Group”), comprising of the Consolidated Balance Sheet as at 31st March, 2026, the Consolidated Statement of Profit and Loss (including other comprehensive income), the Consolidated Statement of Changes in Equity and the Consolidated Statement of Cash Flows for the year then ended, and the notes to Consolidated Financial Statements including a summary of the material accounting policies and other explanatory information (herein after referred to as “Consolidated Financial Statements”). In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of other auditors on separate financial statements and on the other financial information of the subsidiaries, the aforesaid Consolidated Financial Statements give the information required by the Companies Act 2013 (the ‘Act’) in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India including Indian Accounting standards (‘Ind AS’) specified under section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015, as amended, (“Ind AS”) , of the consolidated state of affairs of the Holding Company and its subsidiaries (consolidated financial position) as at 31st March, 2026, and its consolidated profit (consolidated financial performance including other comprehensive income), the consolidated statement of changes in equity and its consolidated cash flows for the year ended on that date. BASIS FOR OPINION We conducted our audit of the Consolidated Financial Statements in accordance with 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 Responsibility for the audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“ICAI”) together with the ethical requirements that are relevant to our audit of the Consolidated Financial Statements under the provisions of the Act and the Rules made thereunder, and we have fulfilled our ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us and the audit evidence obtained by other auditors in terms of their reports referred to in Other Matters paragraph below, is sufficient and appropriate to provide a basis for our audit opinion on the Consolidated Financial Statements. KEY AUDIT MATTER Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the Consolidated Financial Statements of the current period. These matters were addressed in the context of our audit of the Consolidated Financial Statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. ----------------------------------------------------------------------------------------------------------------------------------- Head Office: - 16 DDA Flats, GF, Panchsheel Shivalik Mor, Near Malviya Nagar, New Delhi-110017 Tele- 7862099205, 011-41811888 Email ID- admin@gsa.net.in LLP registration No. AAS-8863 (Formerly known as GSA & Associates) Branches at Akhnoor (Jammu) and Gurugram (Haryana) Key Audit Matter Auditor’s Response Revenue Our audit procedure included the following: Revenue from sale of goods is recognized upon the • Evaluated the Group’s accounting policies transfer of control of the goods sold to the customer. pertaining to revenue recognition in terms of The Group uses a variety of shipment terms across Ind AS 115 – Revenue from Contracts with its operating markets, and this has an impact on the Customers. timing of revenue recognition. Revenue is measured by the Group at the • Obtained understanding of the revenue process, transaction price received / receivable from its and the assumptions used by the management in customers. Revenue is measured by the Group at an the process of calculation of price variations, amount that reflects the consideration to which the including design and implementation of Group expects to be entitled in exchange for those controls. goods or services from its customers and in determining the transaction price for the sale of • Performed test of controls of management’s products, the Group considers the effects of various process of recognizing the revenue from sales factors such as volume based discount and price of goods with regard to the timing of the adjustments to be passed on to the / recovered from revenue recognition as per the sales terms with the customers based on various parameters like the customers and management’s process and negotiations based on saving on material cost, the assumptions used in calculation of price rebates etc provided to the customers. The Group’s variations. business requires passing on or recovery of price variations to/from the customers for the sales made • Performed audit procedures on a representative by the Group. The Group at the year end, has sampling of the sales transactions to test that the provided for /accrued such price variations to be revenues and related trade receivables are passed on and/or recovered to/from such customers. recorded taking into consideration the terms and conditions of the sale orders, including the There is a risk that revenue could be recognized at shipping terms. Also tested, on sample basis, incorrect amount on account of the significant debit/credit notes in respect of agreed price judgements and estimates involved with respect to variations passed on to the customers. calculation of price variations to be recorded as at the year end and with respect to accounting of sales • Performed analytical procedures to identify any transactions occurring on and around the year end. unusual trends and identify unusual items. Therefore, revenue recognition has been identified as a key audit matter. • Performed audit procedures relating to revenue recognition by agreeing deliveries occurring Refer Note No. 3(G) of the Consolidated Financial around the year end to supporting Statements documentation to establish that sales and corresponding trade receivables are recorded in the correct per [Showing first 8,000 characters — download PDF for full document]