Considered and Approval of Unaudited Financial Results for the quarter ended 30th September, 2026

Ref: MDL/SECT/BSE Date: 19th October, 2026 M/s. BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai-400001 Sub: Outcome of the Meeting of Board of Directors duly held on 19th October, 2026 Ref: Scrip Name: Modern Dairies Limited, Scrip Code: 519287 & ISIN: INE617B01011 Dear Sir/Madam, Pursuant to Regulation 30 read with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, we wish to inform you that the Board of Directors in their meeting held today i.e., Monday, the 19th October, 2026 at Chandigarh, considered and approved the following item along with other Agenda Items: 1. Standalone Un-Audited Financial Results of the Company for the quarter and half year ended on 30th September, 2026, along with Limited Review Report thereon issued by Statutory Auditors of the Company. (Copy enclosed) The above results have been duly reviewed and recommended by the Audit Committee to the Board and subsequently approved by the Board. The above information will also be available on the website of the Company at www.moderndairies.com. Please note that the Board of Directors meeting commenced at 12:00 Noon (IST) and concluded at 13:15 P.M. (IST) on Monday 19th October, 2026. This is for your information and doing the needful. Thanking you Yours truly, For MODERN DAIRIES LIMITED SHRUTI JOSHI COMPANY SECRETARY AND COMPLIANCE OFFICER Encl.: As above MODERN DAIRIES LIMITED Statement of Un-Audited Financial Results for the quarter ended 30" September, 2026 (Amount ¥ in Lacs) Sr. Particulars 3 months | Preceeding |Correspond|Year to Date| Year to Previous No. ended 30 | 3 months ing 3 figures for Date year ended September | ended 30 months current | figures for | 31 March 2026 June 2026 | ended in period previous 2026 the ended 30 period previous | September | ended 30 year 30 2026 September September 2025 2025 (Reviewed) | (Reviewed) | (Reviewed) [ (Reviewed) | (Reviewed) (Audited) I | Revenue from operations 74,39.26 91,26.63] 81,95.85| 1,65,65.89| 1,60,26.13| 3,39,92.34] Il | Other Income 28.45) 29.76| 45.92 58.21 59.49 1,29.36} Il | Total Income(l+I1) 74,67.71 91,56.39 82,41.77| 1,66,24.10 1,60,85.62] 3,41,21.70 IV [ EXPENSES Cost of materials consumed 48,43.45| 71,71.95] 65,37.48| 1,20,15.40| 1,25,94.71| 2,74,47.11 Changes in inventories of 5,39.19 (34.12)) (1,14.33) 5,05.07 (41.02)) (3,82.12) Finished goods, Stock in trade and Work-in-progress Employee benefits expense 4,48.99 4,26.80, 4,07.38 8,75.79 8,06.74 16,28.37 Finance costs 28.98| 28.50 26.40 57.48 50.26 1,11.64] Depreciation/ Impairment Loss 77.08 79.00 84.13 1,56.08 1,67.83] 3,26.23 and amortization expenses Other expenses 12,29.17, 11,79.71 10,92.43 24,08.88 20,89.69| 43,16.96 Total expenses(IV) 71,66.86 88,51.84 80,33.49| 1,60,18.70| 1,56,68.21| 3,34,48.19 V | Profit before exceptional items 3,00.85 3,04.55 2,08.28, 6,05.40, 417.41 6,73.51 and tax (lll-IV) Vi Exceptional Iltems Exceptional Items Income - - - o . o Exceptional Items Exp. - o o = - .| VII| Profit before tax (V-VI) 3,00.85 3,04.55 2,08.28, 6,05.40, 4,17.41 6,73.51 VIl Tax Expense: (1) Current Tax | - - at o ] (2) Deffered Tax 75.51 90.85] 39.05 1,66.36) 83.12 1,85.10) IX | Profit for the period (VII-VIII) 2,25.34 2,13.70 1,69.23 4,39.04! 3,34.29 4,88.41 X |Other Comprehensive Income Items that will not be reclassified 5.33 63.16 (4.95), 68.49 (4.95)| (37.98) to profit or loss Other Comprehensive Income 5.33 63.16 (4.95) 68.49 (4.95) (37.98)) XI |T otal Comprehensive Income 2,30.66 2,76.86 1,64.29 5,07.53 3,29.34 4,50.43| for the period (IX+X) comprising Profit and Other comprehensive Income for the neriod XIl|Paid-up equity share capital 31,95.89 28,45.89 25,65.89 31,95.89 25,65.89 28,45.89 Xlll|Reserves excluding Revaluation - - - -] -l 22,5266 Reserves as per balance sheet of previous accounting year XIV|Earnings per equity share (for continuing operation) : (1) Basic 0.76 0.75 1.52] 1.30] 1.89] (2) Diluted 0.76 0.74 1.49] 1.21 1.77] Place: Chandigarh AK. Aggarwal Date : 19th October, 2026 Executive Director (Whole Time) (DIN: 00486430) MODERN DAIRIES LIMITED STATEMENT OF UN-AUDITED ASSETS & LIABILITIES AS ON 30" SEPTEMBER, 2026 (Amount Rs in Lacs) As at As at Particulars 30 September 31 March 2026 2026 ASSETS 1) [Non-current assets Property, Plant and Equipment 27,55.30 29,04.46 Capital work-inprogress 4,14.45 30.80 Investments 10,09.66 6,23.70 Other Financial Assets 5,99.40 5,80.66 Deferred tax assets (net) 13,71.86 15,38.22 61,50.67 56,77.84 2) |Current assets Inventories 27,50.40 31,86.11 Trade receivables 14,94.22 24,02.88 Cash and cash equivalents 11,37.40 10,28.88 Other current assets 14,59.84 8,64.15 Asset Held for Disposal 0.00 1.60 68,41.86 74,83.62 Total Assets 1,29,92.53 1,31,61.46 EQUITY AND LIABILITIES 1) |EQUITY Equity Share capital 31,95.89 28,45.89 Other Equity 41,60.19 26,90.16 73,56.08 55,36.05 LIABILITIES 2) |Non-Current liabilities Financial Liabilities Long Term Borrowings 5,18.00 7,18.00 Long Term Provisions 1,48.25 1,42.44 6,66.25 8,60.44 3) |Current liabilities Financial Liabilities Borrowings 7,20.37 438.56 Trade payables - Total Outstanding dues of: - Micro enterprises and small enterprises 2,31.14 2,22.03 - Creditors other than Micro enterprises and 20,28.90 41,40.75 Small enterprises Other current liabilities 6,48.71 6,54.63 Short Term Provisions 13,41.08 13,09.00 49,70.20 67,64.97 Total Equity and Liabilities 1,29,92.53 1,31,61.46 AK. Aggarwdl Place : Chandigarh (Executive Director) Date: 19th October, 2026 (DIN: 00486430) MODERN DAIRIES LIMITED CASH FLOW STATEMENT FOR THE PERIOD ENDED 30™ SEPTEMBER 2026 (All amounts in Z lacs, unless stated otherwise) Particulars For the Period ended For the Year ended 30 September 2026 31 March 2026 A Cash flow from operating activities: Profit before Exceptional Item and Tax 6,05.40 6,73.51 Adjustments for: Depreciation and amortisation 1,56.08| 3,26.23 Provision for milk cess 27.56 59.06| Balances written off 0.31 0.11 Liabilities written back (0.03)] (12.18) Interest expense 57.48 1,11.64 Interest income (16.05), (31.99) Employee benefits 12.41 35.09 Operating Profit before working capital changes 8,43.17| 11,61.47| Adjustments for movement in: (Increase)/Decrease in long-term loans and advances (18.74), (28.43) (Increase)/Decrease in inventories 43571 (4,52.94)| (Increase)/Decrease in trade receivables 9,08.66| (3,51.09)| (Increase)/Decrease in other current assets (5,96.00) (2,39.28) Increase/Decrease in Asset Held for Disposal 1.60) - Increase/(Decrease) in long-term provisions 5.81 (4.33) Increase/(Decrease) in trade payables (21,02.71) (4.92) Increase/(Decrease) in other current liabilities (5.92)] (5,21.80)| Increase/(Decrease) in short-term provisions (7.89)] (8.88)) Net cash generated from operations (5,36.32)| (4,50.20)| Taxes paid -| | Net cash generated from operating activities (5,36.32)| (4,50.20)| B Cash flow from investing activities : Purchase of fixed assets (including capital work in (3,90.57)| (1,16.40) progress and movement in creditors for capital goods) (Purchase) / Sale of non-current investments (3,17.47)] (6,63.84)) Interest received 16.05) 31.99 Net cash used in investing activities (6,91.99)] (7,48.25)| Cc Cash flow from financing activities Repayment of long-term borrowings (2,00.00) (7.48)| Proceeds from short term borrowings 2,81.81 4,38.56) Proceeds from share warrant (4,37.50)) (3,50.00)| Proceeds from Issue of share 3,50.00 2,80.00] Proceeds from Issue of share - Securities Premium 14,00.00f 11,20.00) Interest/Principal paid (57.48)| (1,11.64) Net Cash used in financing activities 13,36.83] 13,69.44 Net increase/(decrease) in cash and cash equivalents 1,08.52| 1,70.99| Cash and cash equivalents at the beginning of the year 10,28.88| 8,57.90| Cash and cash equivalents at the end of the period 11,37.40 10,28.89] Components of cash and cash equivalents :- Cash in hand 4.24 3.05 Balances with banks - in current account 5,89.19 3,95.83) Fixed Deposit maturing in less than 12 Months 5,43.97 6, [Showing first 8,000 characters — download PDF for full document]