Outcome of Board Meeting

JAYASWAL NECO INDUSTRIES LIMITED CIN: L28920MH1972PLC016154 REGO.OFFICE : F-8,MIDCINDUSTRIAL AREA,HINGNA ROAD,NAGPUR-440016 (INDIA). PHONE : +91-7104-237276,237471,237472 FAX: +91-7104-237583,236255 I E-MAIL: contact@necoindia.com I Website: www.necoindia.com Dated: 16 October, 2026 National Stock Exchange ofIndia Limited BSE Limited Scrip Symbol: JAYNECOIND Scrip code: 522285 Through: NEAPS Through: SSE Listing Centre Dear Sir/ Madam, Subject: Outcome of Board Meeting held on 16th October, 2026. We wish to inform you that the Board of Directors of the Company at its meeting held today has inter-alia, approved the Unaudited Financial Results ("UFR") of the Company for the quarter & half year ended 30 September, 2026 along with the Limited Review Report on the said UFR by the Statutory Auditors of the Company, Mis. Chaturvedi & Shah LLP, Chartered Accountants, in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (copy enclosed). The meeting commenced at 12:30 P.M. and concluded at 2:40 P.M. This is foryour kind information and record. Thanking you, Yours faithfully, ForJAYASW'AL NE·CO INDUSTRIES LIMITED NAGPUR)? Ashish Srivastava Company Secretary & Compliance Officer Membership No. A20141 Encl.: A/a CORPORATEOFFICE : BRANCHOFFICES : UnitNo. 1804, 18" Floor, TRUSTHOUSE5" Floor, D-3/1,Central MIDCRoad, Hingna MIDC, "NECO HOUSE" D-307, DefenceColony, "OneLodha Place" 32-A,ChittaranjanAvenue, IndustrialArea,Nagpur-440016(India) NewDelhi -110024.(India) Senapati BapatMarg Kolkata-700012(India) Phone:0712-2373300 Phone:011-32041695 LowerParel,Mumbai-400013 (IndIia) Phone:033-22122368,22120502 Fax No.:011-24642190 Phone:022-45164352 Fax :033-22122560 CHATURVEDI [ SHAH ..» Chartered Accountants Independent Auditor’s Review Report on Unaudited Financial Results of the Company Pursuant to the Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 The Board of Directors of JAYASWAL NECO INDUSTRIES LIMITED 1. We have reviewed the accompanying statement of Unaudited Financial Results of JAYASWAL NECO INDUSTRIES LIMITED (“the Company”) for the quarter and half year ended September 30, 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 (“the Listing Regulation”), 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 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on the statement based on our review. 3. We conducted our review of the statement in accordance with the Standard on Review Engagement (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India (ICAI). 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 the Company's personnel 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 specified under Section 143(10) of the Companies Act, 2013 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. Head Office: 912, Tulsiani Chambers, 212, Nariman Point, Mumbai - 400 021, India. Tel.: +91 22 4163 8500 * Fax: +91 22 4163 8535 URL: www.cas.ind.in CHATURVEDI [ SHAH..- Chartered Accountants 4. Emphasis of Matter We draw your attention to note no. 2 to the Statement regarding the attachments of the properties of the Company to the extent of Rs. 30,758 Lakhs by the Directorate of Enforcement (ED) by two separate orders, which was contested by the Company including its appeal to the PMLA Appellate Tribunal (AT), New Delhi. The AT allowed the appeals and set aside the provisional attachments. The Court of Special Judge, New Delhi (CBI Court) had discharged the Company under the Prevention of Money Laundering Act, holding that there was no offence of money laundering in the absence of any charge of cheating in securing the allocation of coal block. The ED had challenged the CBI Court order in the Honorable Supreme Court (SC). The SC disposed of the Special Leave Petition and directed ED to approach the Hon’ble Delhi High Court (DHC), it also directed the CBI Court to keep the Company’s application for release of the frozen assets pending until the revision petition is decided by the DHC. Our conclusion is not modified in respect of this matter. 5. Based on our review conducted as above, read with our comments in paragraph 4 above, nothing has come to our attention that causes us to believe that the accompanying statement of Unaudited Financial Results, 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 of the Listing Regulations, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Chaturvedi & Shah LLP Chartered Accountants Firm Reg. No. 101720W / W100355 Rupesh Shah Partner Membership No. 117964 UDIN No.: 26117964WFMSHU3946 Place: Mumbai Date: October 16, 2026 Continuation sheet... JAYASWAL NECO INDUSTRIES LIMITED CIN: L28920MH1972PLC016154 REGD. OFFICE : F-8, MIDC INDUSTRIAL AREA, HINGNA ROAD, NAGPUR - 440016 (INDIA). PHONE : +91-7104-237276, 237471, 237472 FAX: +91-7104-237583, 236255 | E-MAIL : contact@necoindia.com | Website : www.necoindia.com STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2026 STATEMENT OF PROFIT AND LOSS (< in Lakhs, except per equity share data)) PARTICULARS QUARTER ENDED HALF YEARENDED |VEAR ENDED 30092026 | 30062026 | 30092025 | 30092026 | 30092025 | 31.05.2026 1. [tncome 2) Revenue from Operations 219446 210656 178100 430102 343035 713182 b) Other Income. 648 1174 376 1822 861 1313 Total Income 220094 211830 178476 31924 343896 714495 2. |Expenses ) Cost of Materials Consumed 86392 72239 68511 158631 134285 265039 b) Purchase of Stock-in-Trade 1381 1073 1530 2454 3863 6882 ;)‘ :::-:iesr % dl:\'emoms ofF inished Goods. Work-in-Progress and 5 3543 S0 e a8 00 d) Employee Benefits Expense 10855 11853 10875 22708 19806 38737 e) Finance Costs 6157 6553 11232 12710 23170 42622 ©) Depreciation and Amortisation Expense 7157 7685 7568 15442 15035 30096 2) Other Expenses 75948 83287 59183 159235 119079 262757 Total Expenses 189349 185333 164205 374682 317086 653146 3. |Profit Before Exceptional Items and Tax (1-2) 30745 26497 14271 57242 26810 61349 4. |Exceptional ltems - z . B , (1004)] 5. |Profit Before Tax (3+4) 30745 26497 14271 57242 26810 60345 6. |Tax Expenses Including Deferred tax Deferred Tax 7783 7003 3780 14786 7015 14034 income Tax for Earlier years (19)] 102 @2) 83 20) 20) 7. |Profit for the period / year (5-6) 22981 19392 10513 42373 19815 46311 8. |Other Comprehensive Income (OCI) (1) Item that will not be reclassified to profit or loss (2) Remeasurement Gain/ (Loss) on Defined Benefit Plans 89 90 (14) 179 @) 358 (b) Tax Effect on above @) 23) 4 (45) 7 (90)) (1) Item that will be reclassified to profit or loss - - - - - Total Other Comprehensive Income (Net of Tax) 67 67 (10) 134 @0) 268 9. [Total Comp [Showing first 8,000 characters — download PDF for full document]