Outcome of Board Meeting dated 20th October 2026 for approval of Un-Audited Financial Results for the quarter and half year ended 30th September 2026.

SHARDUL SECURITIES LIMITED CIN : L50100MH1985PLC036937 G 12, Tulsiani Chambers, Nariman Point, Mumbai - 400 021. Tel. : 91 22 4603 2806 / 07 Email id : investors@ssl.ind.in Website : www.shardulsecurities.com Date: 20t October 2026 The Manager Listing Department The Stock Exchange, Mumbai P.]. Towers, Dalal Street Mumbai 400 001. Dear Sir, Re: Our Security Code No0.512393 Sub: Proceedings of the Board Meeting held on 20t October 2026. You are hereby informed that at the meeting of the Board of Directors of the Company held on Tuesday, 20t October 2026, the following business was transacted: 1. Un-audited Standalone and Consolidated Financial results for the quarter and half year ended 30t September 2026 as reviewed by Audit Committee were approved by the Board of Directors. 2. The Board of Directors took on record Limited review report on Standalone and Consolidated Financial results for the quarter and half year ended 30t September 2026. The Board meeting commenced at 12:00 p.m. and concluded at 1.45 p.m. Kindly acknowledge the receipt and take the above record. Thank you, Yours faithfully, FOR SHARDUL SECURITIES LIMITED DAYA BHALIA COMPANY SECRETARY M. No: A24205 Encl: 1. Unaudited Financial results (Standalone and Consolidated) for the quarter and half year ended 30.09.2026. 2. Limited review Report on standalone and Consolidated Financial results for the quarter ended 30.09.2026. AKKAD MEHTA & CO LLP Noi1a CHARTERED ACCOUNTANTS LLPIN: AAP-0323 Independent Auditor’s Review Report on the Unaudited Standalone Financial Results of Shardul Securities Limited for the quarter and half year ended September 30, 2026 pursuant to Regulation 33 ofS ecurities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended: The Board ofD irectors of Shardul Securities Limited 1. We have reviewed the accompanying Statement of unaudited standalone financial results of Shardul Securities Limited (hereinafter referred to as “the Company”), for the quarter and half year ended September 30, 2026 (“the Statement”) attached herewith, being submitted by the Company, pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). 2. This Statement, which is the responsibility of 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 the Indian Accounting Standard 34, "Interim Financial Reporting” (Ind AS 34), prescribed under section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, and is in corfipliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations, including relevant circulars issued by the SEBI from time to time. Our responsibility is to express a conclusion on the Statement based on our review. Office: 302, Navkar Plaza, Q@ +912226202282/83 Bajaj Road, Vile Parle (West), ° © admin@caamco.com Mumbai - 400056. INDIA @® www.caamco.com 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 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. 4. Based on our review conducted and procedures performed as stated in the 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 Ind AS 34, prescribed under section 133 of the Companies Act,2013 as amended, 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 of Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For AKKAD MEHTA & CO LLP Chartered Accountants ICAI Firm Registration no. 100259W/W100384 Nirav Mehta Partner Membership No. 152552 UIN: 9 6152565 2KNVARXCOI0UF Place: Mumbai Date : 20th October, 2026 SHARDUL SECURITIES LIMITED CIN : L50100MH1985PLC036937 G 12, Tulsiani Chambers, Nariman Point, Mumbai - 400 021. Tel. : 91 22 4603 2806 / 07 Email i : investors@ssl.ind.in Website : www.shardulsecurities.com Statement of Unaudited Standalone Financial Results for the Quarter and half year ended 30th September, 2026. (Rs. in Lakhs, except earning per share data Quarter Ended Half-Year Ended Year Ended Particulars 30-Sep-26 | 30-Jun-26 | 30-Sep-25 | 30-Sep-26 | 30-Sep-25 | 31-Mar-26 Unaudited | Unaudited | Unaudited | Unaudited | Unaudited Audited Revenue From Operations Interest Income 22918 0.84 3.77 230.02 560 7.61 Dividend Income 262.39 126.18 195.82 388.57 257.68 367.21 Rent Income 33.30 33.30 46.14 66.60 9228 161.88 Net Gain on Fair Value Changes (3,321.48)| 17.163.48 (4.226.91)| 13,842.00 3,721.05 - Total Revenue From Operations (A) (2,796.61)] 17.323.80 (3.981.18)| 14,527.19 4,076.61 536.70 Other Income (B) - 14.79 0.01 14.79 001 0.03 Total Income (C=A+B) [ (2.796.61)] 17.336.50 (3.981.17)] _ 14,541.98 4,076.62 536.73 Expenses Finance Costs 952.63 776.28 378.05 1,728.91 51169 1,533.20 Net Loss on Fair Value Changes - - - - - 545234 Employee Benefits Expenses 39.39 2925 24.01 68.64 48.70 105.30 Depreciation and Amortisation Expenses 13.58 1363 9.32 27.21 18.66 43.00 Other Expenses 236.64 201.63 376.24 438.27 648.16 1,119.73 Total Expenses (D) 124224 1.020.79 787.62 2,263.03 122721 8,253.57 Profit/ (Loss) before Tax (E=C-D) ‘ (4,038.85)| 1631780 (4.768.79)| 12,278.95 284941 (7.716.84) Tax Expense: Current Tax 745.00 490.00 160.00 1,235.00 960.00 - Adjustment of Current Tax Relating to Prior Years - (340.79) - (340.79) - = Deferred Tax (1,549.66) 301404 (1.139.51) 1,464.38 (398.66)| _(1,821.42) Total Tax Expense (F) (804.66) 316325 (979.51) 2,358.59 561.34 (1,821.42) Profit/ (Loss) for the periodiyear (G=E-F) (3,23849)| 13.164.55 (3.789.28)| 9,920.36 228807 (5,895.42) Othe (r a )C Io tm ep mr se th he atn s wii llv e no I t n bc eo rm ee cl asified to Profit or Loss 0.49 i c48 0.29 0.97 0.59 74.45 (b) Income Tax relating to above - - - - (10.13) Items that will not be reclasified to Profit or Loss net of tax 0.49 048 0.29 0.97 0.59 64.02 (a) Items that will be reclasified to Profit or Loss - - - - - - (b) Income Tax relating to above - - - - - - Items that will be reclasified to Profit or Loss net of tax - - - - - - Total Other Comprehensive Income (H) 0.49 048 0.29 0.7 059 64.02 Total Comprehensive Income for the period/year (I=G+H) (3,233.70) 13,155 03 (3.788.99) 9,921.33 2.288.66 (5,831.40) (Comprising Profit/ (Loss) and Other Comprehensive Income) Paid up Equity Share Capital (Face Value of Rs. 2/- per share) 1,749.84 1.749.84 1,749.84 1,749.84 1,749.84 1,749.84 Other Equity i | - 49,828.41 Earnings per equity share of face value of Rs. 2/- each (not annualised for quarters) ! (a) Basic (In Rs.) (3.70) 15.04 (4.33), 11.34 2.62 (6.74) (b) Diluted (In Rs J | (3.70) 15.04 (4.33) 11.34 2.62 [Showing first 8,000 characters — download PDF for full document]