Outcome of Board Meeting

India Cements SHI 18.07.2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Dept. Exchange Plaza, 5th Floor First Floor, New Trading Ring Plot NO.C/1, G Block Rotunda Building Bandra-Kurla Complex Phiroze Jeejeebhoy Towers Bandra (E) Dalal Street, Fort MUMBAI400051. MUMBAI 400001. Scrip Code: 530005 Scrip Code: INDIACEM Dear Sirs, Sub.: Outcome of Board Meeting - Financial Results Ref.: Regulation 30, 33 and 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") We refer to our letter dated 01.06.2026, intimating about the meeting of the Board of Directors of the Company ("the Board") to be held today i.e. Saturday, 18.07.2026. We now inform you that the Board at its meeting held today inter-alia approved the Standalone and Consolidated Unaudited Financial Results of the Company for the quarter ended 30.06.2026 ("Financial Results"). The Financial Results along with the Limited Review Reports are attached for your records. The same will also be made available on the Company's website www.indiacements.co.in. The meeting commenced at 11.45 A.M. and concluded at 12:\5 P.M. Thanking you, Yours faithfully, for THEINDIACEMENTSLIMITED Encl.: As above ,1CC: Luxembourg Stock Exchange POBox 165 L-2811 Luxembourg Grand Duchy of Luxembourg EUROPE. UltraTech TheIndiaCements Limited (Asubsidiary ofUltraTech Cement Limited) Corporate Office: Coromandel Towers, 93,Santhome High Road,Karpagam Avenue, R.A.Puram,Chennai600 028 T:+914428572100/285724001 F:+9144 28516270 1Grams:'INDCEMENT' E:investor@indiacements.co.in Registered Office: Dhun Building, 827,AnnaSalai,Chennai600 002 T:+9144285215261 W: www.indiacements.co.inIClN: L26942TN1946PLC000931 Y·\l\.r..M?n?I:I.II.n.MIl:;t",..kFy"h;onn"\!'>F",-O,,tl'om••ofBoardMeetina on18.07.2026·Unaud"ted FinResults-300626 rtj.dec | STANDALONE | THE INDIA CEMENTS LIMITED ADITYA BIRLS Registered Office:"Dhun Building", 827, Anna Salai, Chennai 600 002. Corporate Office:Coromandel Towers, 93, Santhome High Road, Chennai 600 028. Website: www.indiacements.co.in Email ID: investor@indiacements.co.in CIN: L26942TN1946PLC000931 STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE 2026 (Rs In Crores) Quarter ended Year Ended Sl.No. Particulars 30-June-2026 31-Mar-2026 30-June-2025 31-Mar-2026 Unaudited Audited Unaudited Audited 1|Revenue from Operations 1,019.42 1,228.65 1,024.74 4,484.69 2|Other Income 3.20 30.15 8.77 96.28 3|Total Income (1+2) 1,022.62 1,258.80 1,033.51 4,580.97 4| Expenses (a) Cost of Materials consumed 246.17 322.51 219.34 1,003.75 (b) Purchases of stock-in-trade - - - - (c) Changes in inventories of finished goods, stock-in-trade and work in progress (12.51) 15.48 (61.24) (8.73) (d) Employee benefits expense 47.62 62.67 61.99 242.18 (e} Finance costs (Net of Interest Recoveries) 26.15 23.37 26.58 99.33 (f) Depreciation and Amortisation expense 71.94 75.86 74.06 299.12 (g) Power and Fuel 423.62 466.45 379.61 1,626.66 (h) Freight and Forwarding Expense 20.15 34.68 199.55 584.90 (i) Other Expenses 138.63 171.43 143.63 637.98 Total Expenses (4) 961.77 1,172.45 1,043.52 4,485.19 5|Profit/(Loss) before exceptional ltems and Tax (3-4) 60.85 86.35 {10.01) 95.78 6|Exceptional ltems-Expense/(Income) 25.28 20.49 - 28.21 7|Profit/(Loss) before Tax (5-6) 35.57 65.86 (10.01) 67.57 8|Tax Expense (1) Current Tax - - - - (2) Deferred Tax 8.95 11.11 (2.48) 2.25 9|Profit/(Loss) for the period from continuing operations (7-8) 26.62 54,75 (7.53) 65.32 10|Profit/{Loss) from discontinued operations - - - - 11|Tax Expense of discontinued operations - - - - 12|Profit/ (Loss) from discontinued operations {after Tax) (10-11) - - - - 13|Profit/ (Loss) for the period (9+12) 26.62 54.75 (7.53) 65.32 14|0Other Comprehensive Income ' A.(i) Items that will not be reclassified to Profit/ (Loss) 1.36 4.77) 3.19 (7.16) (if) Income tax relating to the Items that will not be reclassified to Profit / (Loss) (0.34) 1.20 {0.80) 1.80 B. (i) ltems that will be reclassified to Profit / (Loss) - - - (iiy Income tax relating to items that will be reclassified to Profit / (Loss) - - - Total Other Comprehensive Income 1.02 (3.57) 2.39 (5.36) 15|Total Comprehensive Income for the period (13+14) 27.64 51.18 {5.14) 59.96 16|Paid up Equity Share Capital (Face Value Rs 10/-each) 309.90 309.90 309.90 309.90 17 |Other Equities (Resérves) 9,717.09 18|Earnings per equity share (for continuing operations) Basic 0.86 177 (0.24) 2.1 Diluted 0.86 177 (0.24) 2.1 19|Earnings per equity share( for discontinued operations) Basic - - - - Diluted - - - - 20|Earnings per equity share (for discontinued and continuing operations) Basic 0.86 177 (0.24) 2.1 Diluted 0.86 1.77 (0.24) 2.1 N Chennai For The India Cements Limite 4, k Agrawal July 18, 2026 Director Additional disclosures as per Clause 52 (4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015: a) During the quarter, The Company has issued 2000 units of Commercial Paper of face value of Rs. 5,00,000/- each aggregating to Rs.100 Crores at a discount rate of 6.85% p a, due for redemption on 23 September 2026. The credit rating assigned for the Commercial Paper by CARE Ratings is CARE A1+ b) Key Financial Information Three Months Ended Year Ended Sr. No. |Particulars 30/06/2026 | 31/03/2026 | 30/06/2025 | 31/03/2026 (Unaudited) | (Audited) (Unaudited) | (Audited) i Capital Redemption Reserve (T in Crores) 25.00 25.00 25.00 25.00 ii |[Net Worth (¥ in Crores) 10,054.63 10,026.99 9,961.89 10,026.99 iii. |Net Profit after Tax (¥ in Crores) 26.64 54.75 (7.53) 65.32 iv |Basic Earnings per Share (Not annualised) 0.86 1.77 (0.24) 211 v |Diluted Earnings per Share (Not annualised) 0.86 1.77 (0.24) 2.11 Debt-Equity ratio (in times) vi [[(Non-Current Borrowings + Current Borrowings) /Share 0.16 0.13 0.13 0.13 Holder's Equity] Long term Debt to Working Capital (in times) vii [(Non-Current Borrowings + Current Maturities of Long 9.64 47.79 (5.64) 47.79 Term Debt)/ Net Working Capital excl. Current Borrowings] Total Debts to Total Assets ratio (in %) viii [[(Non-Current Borrowings + Current Borrowings)/Total 11.75 9.78 9.16 9.78 Assets] Debt Service Coverage Ratio (in times) [(Net Profit for the period + Finance Costs + Depreciation ix |and Amortisation Expense) / (Gross Interest + Lease 2.08 2.48 3.09 2.71 Payment + Repayment of Long term debt excluding pre- payments)] Interest Service Coverage Ratio (in times) X [(Net Profit for the period + Finance Costs + Depreciation 4.77 6.59 3.50 4.67 and Amortisation Expense ) / Gross Interest] . |Current Ratio (in times) Xt (Current Assets/Current Liabilities) 0.82 0.93 0.84 0:03 .. |Bad debts to Account receivable ratio (in %) X' |(Bad Debts/Average Trade Receivable) 1.73 2.00 ) 130 ... |Current liability ratio (in %) X |(Current Liabilities /Total Liabilities) 48.61 48.09 14.45 48.00 Debtors Turnover (in times) xiv |(Sales of Products and Services/Average Trade 4.32 3.99 1.88 9.40 Receivable)- Annualised Inventory Turnover (in times) xv |(Sales of Products and Services/Average inventory)- 1.46 1.73 1.57 6.95 Annualised Operating Margin (in %) [(Profit before Exceptional items, Share in Profit/(Loss) of xvi |Associates & Joint Venture and Tax + Depreciation and 15.28 12.65 7.99 8.87 Amortisation expense + Finance Costs (-) Other Income)/Sales of Products and Services] Net Profit Margin (in %) xvii |(Net Profit for the period before tax/Sales of Products and 2.60 4.35 (0.73) 1.43 Services) Notes: 1.The above Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors at the meetings held on 18" July 2026. 2.The Company is primarily engaged in manufacture and sale of cement and cement related products. 3. Exceptional ltems during the quarter under review comprises of Profit on sale of assets of Rs. 29.98 crores and Provision created for disputed liabilities pertaining to earlier years aggregating to Rs. 55.26 crores.: 4. Certain assets of the Company having an aggregate carrying value of Rs.120.34 Crores were attached by a statutory authority in 2015. The Company has already appealed against the Order of the said attachment and the matter is presently sub-judice. Backed by legal opinions, the company believes it has a strong case against the said Order. The Auditors have continued to draw an emphasis on this matter in their Report. 5. The Competition Commission of India (CCI) vide its Order dated 31.08.2016 imposed a penalty of Rs.187.48 Crores on the Company. The Company filed an appeal before COMPAT (Presently NCLAT). The COMPAT in its interim order directed the Company to pay 10% of the penalty amount (Rs 18.75 Crores) before granting stay which was deposited by the Company. NCLAT vide its order dated 25" July, 2018 dismissed the appeal filed by the Company. Against this the Company has filed an appeal in the Supreme Court challenging the NCLAT order and the Supreme Court vide its Order dated 5™ October,2018 admitted the Company's appeal and directed that the interim order passed by the Tribunal in the matter, will continue. Backed by legal opinions, the company believes it has a strong case against the said Order. The Auditors have continued to draw an emphasis on this matter in their Report. 6.(i) The Statutory Auditors have carried out review of the financial results for the quarter ended 30" June 2026.. (i) The previous periods' figures have been regrouped to conform to Current period's required classification. (iliyThe Board authorized Mr.Vivek Agrawal, Director to sign the financial results of the company. For The India Cements Ltd N. Chennai Vivek Agrawal July 18, 2026 Director BRAHMAYYA & CO., S. VISWANATHAN LLP., Chartered Accountants Chartered Accountants 48, Masilamani Road 17, Bishop Wallers Avenue (West) Balaji Nagar, Royapettah, Mylapore, Chennai – 600 014 Chennai – 600 004 Independent Auditor’s Review Report on Unaudited Quarterly Standalone Financial Results of The India Cements Limited Pursuant to Regulation 33 and Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. To Board of Directors of The India Cements Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results of The India Cements Limited ('the Company') for the quarter ended 30th June 2026, (‘the Statement’), being submitted by the Company pursuant to the requirement of Regulation 33 and Regulation 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. 2. The Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('lnd AS 34'), prescribed under Section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’). 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 financial results are free of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit, and 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 applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement. BRAHMAYYA & CO., S. VISWANATHAN LLP., Chartered Accountants Chartered Accountants 48, Masilamani Road 17, Bishop Wallers Avenue (West) Balaji Nagar, Royapettah, Mylapore, Chennai – 600 014 Chennai – 600 004 5. Without qualifying our review conclusion, we draw attention to a. Note no. 4 to the Statement, regarding the order of attachment issued by the authorities through which certain assets of the company amounting to Rs.120.34 Crores have been attached vide provisional attachment Order dated 25th February 2015 which the company is disputing before legal forums. The company has been legally advised that it has strong grounds to defend its position and pending the outcome of the proceedings the impact if any is not ascertainable at this stage. b. Note no. 5 of the Statement, relating to the order of the Competition Commission of India (CCI), concerning alleged contravention of the provisions of Competition Act, 2002 and imposing a penalty of Rs.187.48 Crores on the Company. On Company's appeal, National Company Law Appellate Tribunal (NCLAT), in its Order passed on 25th July, 2018, has reportedly upheld the CCI's Order. The company appealed against the order before Supreme Court and the Supreme Court vide its Order dated 05th October, 2018 admitted the Company’s appeal and directed that the interim order passed by the Tribunal in the matter, will continue. Pending the outcome, no provision is made in the Statement. For Brahmayya & Co., For S. Viswanathan LLP., Chartered Accountants Chartered Accountants Firm Regn No: 000511S Firm Regn No: 004770S/S200025 N. Sri Krishna Chella K. Raghavendran Partner Partner Membership No.026575 Membership No.208562 UDIN: 26026575ZHLVEU9046 UDIN: 26208562YQXKMU2451 Place: Chennai Place: Coimbatore Date: 18th July 2026 Date: 18th July 2026 CONSOLIDATED ADITYA BIRLA THE INDIA CEMENTS LIMITED Registered Office:"Dhun Building”, 827, Anna Salai, Chennai 600 002. Corporate Office:Coromandel Towers, 93, Santhome High Road, Chennai 600 028. Website: www.indiacements.co.in Email ID: investor@indiacements.co.in CIN: L26942TN1946PLC000931 STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE 2026 (Rs In Crores) Particulars Quarter ended Year Ended S1.No. — 30-June-2026 31-Mar-2026 30-June-2025 31-Mar-2026 Unaudited Audited Unaudited Audited 1|Revenue from Operations 1,019.42 1,228.65 1,024.74 4.484.69 2|Other Income 345 25.85 9.1 87.66 3|Total Income (1+2) 1,022.87 1,254.50 1,033.85 4,572.35 4| Expenses (a) Cost of Materials consumed 246.17 322.53 219.34 1,003.75 (b) Purchases of stock-in-trade - - - - (c) Changes in inventories of finished goods, stock-in-trade and work in progress (12.51) 15.47 (61.23) {8.73) (d) Employee benefits expense 47.63 62.89 62.26 242.85 (e} Finance costs (Net of Interest Recoveries) 26.15 23.38 26.58 99.33 (f) Depreciation and Amortisation expense 71.94 75.86 74.06 299.12 (9) Power and Fuel 423.62 466.45 379.61 1,626.66 (h) Freight and Forwarding Expense 20.15 34.68 199.55 584.90 (i) Other Expenses 138.64 173.53 142.02 638.75 Total Expenses (4) 961.79 1,174.79 1,042.19 4,486.63 5|Profiti{Loss) before exceptional ltems and Tax (3-4) 61.08 79.71 (8.34) 85.72 6|Exceptional Items-Expense/(Income) 25.28 10.94 123.77 149.19 7|Profit/{Loss) before Tax (5-6) 35.80 68.77 (132.11) (63.47) 8|Tax Expense (1) Current Tax - (1.83) 1.74 - (2) Deferred Tax 8.95 11.10 (2.48) 2.24 9|Profiti{Loss) for the period from continuing operations (7-8) 26.85 59.50 {131.37) (65.71) 10|Profit/(Loss) from discontinued operations - - - - 11|Tax Expense of discontinued operations - - - 12|Profit/ (Loss) from discontinued operations (after Tax) (10-11) - - - - 13|Profit/ (Loss) for the period (9+12) 26.85 59.50 (131.37) (65.71) 14|Share Of Profit/(Loss) of assaclates - - (1.54) (1.54) 15|Minority interest - - - - 16 Net Profit/ (Loss) after taxes, minority interest and share of Profit/(Loss) of associates (13+14+15) 26.85 59.50 (132.91) (67.25) 17|Other Comprehensive Income A. (i) tems that will not be reclassified to Profit/ (Loss) 1.36 4.77) 3.18 (7.16) (ii) Income tax relating to the Items that will not be reclassified to Profit / (Loss) (0.34) 1.20 (0.80) 1.80 B. (i) ltemns that will be reclassified to Profit/ (Loss) (0.10) 4.84 - 2.74 (i) Income tax relating to items that will be reclassifled to Profit / (Loss) - - - Total Other Comprehensive Income 0.92 1.27 2.39 {2.62) 18| Total Comprehensive Income for the period (16+17) 27.77 60.77 {130.52) (69.87) 19|Paid up Equity Share Capital (Face Value Rs 10/-each) 309.90 309.90 309.90 309.90 9,814.37 20|Other Equities (Reserves) 21|Eamings per equity share (for continuing operations} Basic 0.87 1.92 (4.29) (2.17) Diluted 0.87 1.92 (4.29) 2.17) 22|Eamings per equity share( for discontinued operations) Basic - - - - Diluted 23|Eamings per equity share (for discontinued and continuing operations) Basic 0.87 1.92 (4.29) (2.17) Diluted 0.87 1.92 (4.29) (2.17) Chennai For The India Cements Limit: \. grawal Director July 18th, 2026 Additional disclosures as per Clause 52 (4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015: a) During the quarter, The Company has issued 2000 units of Commercial Paper of face value of Rs. 5,00,000/- each aggregating to Rs.100 Crores at a discount rate of 6.85% p a, due for redemption on 23 September 2026. The credit rating assigned for the Commercial Paper by CARE Ratings is CARE A1+ b) Key Financial Information Three Months Ended Year Ended Sr. No. |Particulars 30/06/2026 | 31/03/2026 | 30/06/2025 | 31/03/2026 (Unaudited) | (Audited) (Unaudited) | (Audited) i Capital Redemption Reserve (¥ in Crores) 25.00 25.00 25.00 25.00 ii |NetWorth (% in Crores) 10,152.03 10,124.27 10,063.63 10,124.27 ili |Net Profit after Tax (¥ in Crores) 26.84 59.50 (131.37) (65.71) iv |Basic Earnings per Share (Not annualised) 0.87 1.92 (4.29) (2.17) v Diluted Earnings per Share (Not annualised) 0.87 1.92 (4.29) (2.17) Debt-Equity ratio (in times) vi [[(Non-Current Borrowings + Current Borrowings) /Share 0.15 0.13 0.12 0.13 Holder's Equity] Long term Debt to Working Capital (in times) vii [(Non-Current Borrowings + Current Maturities of Long 471 7,69 3.49 3.45 Term Debt)/ Net Working Capital excl. Current Borrowings] Total Debts to Total Assets ratio (in %) viii |[(Non-Current Borrowings + Current Borrowings)/Total 11.66 9.71 9.07 9.71 Assets] Debt Service Coverage Ratio (in times) [(Net Profit for the period + Finance Costs + Depreciation ix |and Amortisation Expense )/ (Gross Interest + Lease 2.08 1.69 (1.02) 1.93 Payment + Repayment of Long term debt excluding pre- payments)] Interest Service Coverage Ratio (in times) X [(Net Profit for the period + Finance Costs + Depreciation 4.78 4.50 (1.186) 3.33 and Amortisation Expense ) / Gross Interest] . |Current Ratio (in times) X |(Current Assets/Current Liabilities) 0.90 1.01 112 1.01 .. |Bad debts to Account receivable ratio (in %) Xl |(Bad Debts/Average Trade Receivable) 1.73 . i 130 ... |Current liability ratio (in %) X |(Gurrent Liabilities /Total Liabilities) 48.62 48.08 46.37 48.08 Debtors Turnover (in times) xiv |(Sales of Products and Services/Average Trade 4.32 3.99 1.57 9.40 Receivable)- Annualised Inventory Turnover (in times) xv |(Sales of Products and Services/Average inventory)- 1.46 1.73 1.88 6.95 Annualised Operating Margin (in %) [(Profit before Exceptional ltems, Share in Profit/(Loss) of xvi |Associates & Joint Venture and Tax + Depreciation and 15.28 12.46 0.01 8.84 Amortisation expense + Finance Costs (-) Other Income)iSales of Products and Services] Net Profit Margin (in %) xvii |(Net Profit for the period before tax/Sales of Products and 2.62 0.47 (12.71) (1.47) Services) Notes: 1.The above Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors at the meetings held on 18" July 2026. 2.The Company is primarily engaged in manufacture and sale of cement and cement related products. 3. Exceptional ltems during the quarter under review comprises of Profit on sale of assets of Rs. 29.98 crores and Provision created for disputed liabilities pertaining to earlier years aggregating to Rs. 55.26 crores.: 4. Certain assets of the Company having an aggregate carrying value of Rs.120.34 Crores were attached by a statutory authority in 2015. The Company has already appealed against the Order of the said attachment and the matter is presently sub-judice. Backed by legal opinions, the company believes it has a strong case against the said Order. The Auditors have continued to draw an emphasis on this matter in their Report. 5. The Competition Commission of India (CCI) vide its Order dated 31.08.2016 imposed a penalty of Rs.187.48 Crores on the Company. The Company filed an appeal before COMPAT (Presently NCLAT). The COMPAT in its interim order directed the Company to pay 10% of the penalty amount (Rs 18.75 Crores) before granting stay which was deposited by the Company. NCLAT vide its order dated 25" July, 2018 dismissed the appeal filed by the Company. Against this the Company has filed an appeal in the Supreme Court challenging the NCLAT order and the Supreme Court vide its Order dated 5" October,2018 admitted the Company's appeal and directed that the interim order passed by the Tribunal in the matter, will continue. Backed by legal opinions, the company believes it has a strong case against the said Order. The Auditors have continued to draw an emphasis on this matter in their Report. 6.(i) The Statutory Auditors have carried out review of the financial results for the quarter ended 30" June 2026.. (i) The previous periods' figures have been regrouped to conform to Current period's required classification. (i) The Board authorized Mr. Vivek Agrawal, Director to sign the financial results of the company. For The india Cements Ltd Chennai July 18, 2026 Director BRAHMAYYA & CO., S. VISWANATHAN LLP., Chartered Accountants Chartered Accountants 48, Masilamani Road 17, Bishop Wallers Avenue (West) Balaji Nagar, Royapettah, Mylapore, Chennai – 600 014 Chennai – 600 004 Independent Auditor’s Review Report on Unaudited Quarterly Consolidated Financial Results of The India Cements Limited Pursuant to Regulation 33 and Regulation 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015(as amended) To Board of Directors of The India Cements Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results of The India Cements Limited ('the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as 'the Group') for the quarter ended 30th June 2026 (‘the Statement’), being submitted by the Holding Company pursuant to the requirements of Regulation 33 and Regulation 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended(‘Listing Regulations’). 2. This Statement, which is the responsibility of the Holding Company's management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('lnd AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52(4) of Listing Regulations. 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. 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. We also performed procedures in accordance with the Circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable. BRAHMAYYA & CO., S. VISWANATHAN LLP., Chartered Accountants Chartered Accountants 48, Masilamani Road 17, Bishop Wallers Avenue (West) Balaji Nagar, Royapettah, Mylapore, Chennai – 600 014 Chennai – 600 004 4. The statement includes results of the following entities: Holding Company: 1. The India Cements Limited Subsidiaries: 1. Industrial Chemicals and Monomers Limited 2. Coromandel Minerals Pte. Ltd, Singapore 3. PT Coromandel Minerals Resources, Indonesia 4. PT Adcoal Energindo, Indonesia (up to 02/12/2025) 5. Raasi Minerals Pte. Ltd, Singapore 6. Trinetra Cement Limited (Transferor company under the scheme u/s 234, existing as per order of Hon'ble High Court of Madras/NCLT) Associates: 1. PT Mitra Setia Tanah Bumbu, Indonesia (up to 02/12/2025) 5. Based on our review conducted and procedures performed as stated in paragraph 3 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 Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52(4) of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. Without qualifying our review conclusion, we draw attention to a. Note no. 5 to the Statement, regarding the order of attachment issued by the authorities through which certain assets of the Holding company amounting to Rs.120.34 Crores have been attached vide provisional attachment Order dated 25th February 2015 which the Holding Company is disputing before legal forums. The Holding Company has been legally advised that it has strong grounds to defend its position, pending the outcome of the proceedings the impact if any is not ascertainable at this stage. b. Note no. 6 of the Statement, relating to the order of the Competition Commission of India (CCI), concerning alleged contravention of the provisions of the Competition Act, 2002 and imposing a penalty of Rs.187.48 Crores on the Holding Company. On the Holding Company's appeal, National Company Law Appellate Tribunal (NCLAT), in its Order passed on 25th July, 2018, has reportedly upheld the CCI's Order. The Holding Company appealed against the order before Supreme Court and the Supreme Court vide its Order dated 05th October, 2018 admitted the Company’s appeal and directed that the interim order passed by the Tribunal in the matter, will continue. Pending the outcome, no provision is made in the Statement. BRAHMAYYA & CO., S. VISWANATHAN LLP., Chartered Accountants Chartered Accountants 48, Masilamani Road 17, Bishop Wallers Avenue (West) Balaji Nagar, Royapettah, Mylapore, Chennai – 600 014 Chennai – 600 004 7. The Statement includes the financial results of five subsidiaries, which have not been reviewed/audited, whose interim financial results reflect total revenues of Rs. 0.25 Crores, net profit of Rs. 0.22 Crores and total comprehensive income of Rs. 0.22 Crores for the quarter ended 30th June 2026, as considered in the Statement. According to the information and explanations given to us by the management, these financial results of aforesaid subsidiaries are not material to the Group. Our conclusion on the statement is not modified in respect of the above matter. For Brahmayya & Co., For S. Viswanathan LLP., Chartered Accountants Chartered Accountants Firm Regn No: 000511S Firm Regn No: 004770S/S200025 N. Sri Krishna Chella K. Raghavendran Partner Partner Membership No.026575 Membership No. 208562 UDIN: 26026575DMTFJN5177 UDIN: 26208562NDPCNM8989 Place: Chennai Place: Coimbatore Date: 18th July 2026 Date: 18th July 2026