Reply to Clarification- Financial results

Head Office: C-401, Titainum Square, Near Thaltej Cross Road, Ahmedabad 380 054 (India) CIN: L17110GJ1984PLC007124 TEL: +91 79 2970 2373 Website: www.griltarp.com Date: 30.04.2026 National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra‐Kurla Complex, Bandra (East) Mumbai 400 051 Trading Symbol: GUJRAFFIA Subject: Clarification on Observations Related to Submission of Financial Results Dear Sir, This is with reference to the observations raised by NSE regarding submission of the Financial Results of the Company. We wish to submit the following clarifications point-wise: 1. Format of Financial Results – Comparative Balance Sheet Data With respect to the observation regarding non-submission of comparative Balance Sheet data for the period ended 31.03.2025, we wish to clarify that the Company has attached the Balance Sheet containing the figures as at 31.03.2025 along with the Financial Results. Accordingly, the Financial Results submitted by the Company are in compliance with the format prescribed by SEBI and applicable Accounting Standards. In view of the above, we request you to kindly take the above clarifications on record and treat the matter as duly complied with. Thanking You. Yours faithfully, FOR, GUJARAT RAFFIA INDUSTRIES LIMITED MR. PRADEEP KUMAR BHUTORIA (MANAGING DIRECTOR) DIN: 00284819 KPSJ & ASSOCIATES LLP +++ Ext. Office. : 501-504 Sahajanand Shoping Centre, Shahibaug, Ahmeda- b38a00d04 +++ Ph. : +9179 - 6665 3300/ 01 /02 / 03 /#Email : info@kpsjca.com* Website : www.kpsjca.com Chlartered Accovrtants Our Branches : Ahmedabad / Gandhinagar/ Rajasthan (Bhilwada, Nimbahera) / Madhya Pradesh (Indore, Bhopal) Independent Auditor's Review Report on Quarterly and Half Yearly Unaudited Financial Results of Gujarat Raffia Industries Limited pursuant to Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors Gujarat Raffia Industries Limited 1. We have reviewed the accompanying Statement of Unaudited Financial Results of Gujarat Raffia Industries Limited ("the Company") for the quarter and half year ended on 30" September, 2025 ("'the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 and 52 oft he SEBI (Listing Obligations & Disclosure Requirements) Regulations. 2015 as amended. 2. This Statement, which is the responsibility of the Company's management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, 'Interim Financial Reporting' ("Ind-AS 34"), as prescribed under Section 133 of the Companies Act, 2013 as amended, read with the relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulations 33 and 52 of the 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 statement is free from material misstatement. 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 of the Statement conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with aforesaid Indian Accounting Standards (‘Ind AS’) specified under Section 133 of the Companies Act, 2013 as amended and 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 Regulation 33 and 52 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. 5. The Financial Results of the Company for the year ended 31st March, 2025 and Quarter ended 30th September, 2024 were Audited/Reviewed by the predecessor auditor whose report dated 29th May, 2025 and 14th November, 2024 had expressed an unmodified opinion. For, KPSJ & ASSOCIATES LLP Chartered Accountants (FRIN: 124845W / W' 100209) Prakashchandra Parakh \ M. No.: 039946 UDIN : 25039946BMIFGM6950 Place : Ahmedabad Date : 13/11/2025 GUIARAT RAFFIA INDUTRIES LIMITED CIN: 117110GJ1984PLC007124 Regd. Office: ot No. 455, Santei - Vadasar Rosd, Village: Sante], Dist: Gandhinagar, Gujarat - 382721 STATEMENT,OF UNAUDITED FINANCIAL RESULT FOR THE QUARTER AND HALF YEAR ENDED 30th SEPTEMBER 2025 (Rs. In tacs Except EPS)) Quarter Ended Half Year Ended Year Ended se-No. Fatticolers 30092035 | 30062025 | 30052074 | 30097025 |30.09.2024 | 31.03.2025 Unoudited | _Unaudited | Unaudited | Unaudited | Unaudited | Audited 1 3 b_ })[ [[i CRn tec hvo ee rm n e u e nf cr f oo rm mo emo p Oe or ea rt ai to in os n. s Total Income (1) 2 26 61 10 1 2. 5 46 8 24 1 1,1 15 552 7.58 335 5 54 47 70. .70 72 6 3 37 76 2 76 19 534 7161 159 218 3 09 1 79 8 3 3, ,0 050 54 73. .21 494 2 |expenses | 2)[Cost of Material Concsuried 227855 5052 34526 3094793707 175052 b)[Purchasoef Stec- kin Trade. 3362 3362 - lpr[ oCh ga rn eg se ss in Iventorics of Finsh -ed goods, Stock in-Trade and Work in 1024 4600 2215 s624 21910 36109 ) e| ) [EO mpe pr la ot vi en eg s C Bx ep ne cn ts te s E xpenses 73- 81 57.- 32 12330 1182 236.16 8 h) ) j| ] [D F Oi te n hp a er n rce e Ec xCi pos as nt t ssi ao snn d amortization expenses Total Expenses (2] 61 35. .,54 313 0 79] 11186 252 265 33 18 5 952 0 42 9 3721 01 31 32 1 .. 7 94 09 72 3| ) 517 95 7. .. 19 09 00 75 2,41 953 3 968 2 5,. . .12 8 480 7 3 |r e xo tf ri ot o r/ g{ iL no as rs y | if tr eo msm aor nd di n Ta ar xy {a c 1ti -v 2it )i es before exceptional & 26,05 a1t 832 71.10) s 62.01 @_[Exceptiona ite& mPrisor Period liems B - - 5 [Proft/ (Loss ) from ordinary activities before extraordinary items e 11 P 71.10) o116 6201 & tax (3-4) ©[Extraorcinery tems 5 5 7_[Profit / { Loss ) efore tax (5+6) 26.05| 45.11 8.32 71.10) a116 62.01 8 |Tax Expenses [Current Tex 7.00 135 T30 1835 622 970 Eacler Yoar Tax E : 009 5 _[Net Profit / (Loss) after Tax (7-8] 19.05 3376 7.02 52.75) 3378 52.22 10_[Other Comprehensive Income A (U] tems that wil not be reclacsif ed 10 profit or loss - - - - - 11_|Totel Comprehensive Income for the year 19.05 3376 701 52.75) 3474 5222 Attributable to: [Shareho cers of the Company - [ [Non controling Inerests ) [Details of Equity Share Capital ) 12_[Paid-up Zquity Share Capita 530,45 52085 53005 Sa0.a5| 54045 53045 1 133 __ [| RF ea sc ee r V va el su ee x o cf l ue dq u ni gt y R esh va ar le u. a tion Reserves 10. - 06 10 -. 00 10. - 00 10. - 00 1551 90 .. 90 20 10. - 00 15_[Earnings per Equity Share of Rs. 10/- each T(a] [Before extra-ordinary items (not annualised) 057 o013 XD 063 Go7 i[Basic i) [Difuted ) 0.62 013 098 064] 097 [After extr-ordinary iterts (not annualised) Basic 035 062 o1 098 [ 087 i)Diuted - 035 062 013 098 064 097 Notes 1) The above financial esults have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 13 November, 2025 3nd the Statutory Auditors of the Company have carried out the imited review of the same. This statement has been prepared in accordance with the Companies {indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Saction 133 of the Companies Act, 2013 and other recugnized accounting practices and policies to the [Showing first 8,000 characters — download PDF for full document]