Press Release

pine labs 4) Date: October 29, 2026 BSE Limited, National Stock Exchange of India Limited, 20% Floor, P.J. Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai - 400001. Mumbai — 400 051 BSE Scrip Code: 544606 NSE Scrip Symbol: PINELABS Sub: Outcome of the Board Meeting held on October 29, 2026 Dear Sir/ Madam, Pursuant to Regulations 30, 33 and other applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with various circulars issued by the Securities and Exchange Board of India and Stock Exchanges and in furtherance to our intimation dated October 19, 2026, we enclose herewith the unaudited standalone and consolidated financial results of Pine Labs Limited (“the Company”) for the quarter and half year ended September 30, 2026 ("Results") along with Limited Review Reports of B S R & Co. LLP, Statutory Auditor of the company and Press Release being issued in this regard. The said Results will also be published in the newspapers in the prescribed format. The Board Meeting to approve the said results commenced today i.e. on October 29, 2026, at 11:15 A.M. (IST) and concluded at 12:47 P.M. (IST). Further, kindly note that in terms of the Company’s Code of Conduct for Prevention of Insider Trading and the SEBI (Prohibition of Insider Trading) Regulations, 2015, the window for trading in Securities of the Company by its designated persons and their immediate relatives shall open on November 2, 2026. The above information will also be available on the website of the Company at www.pinelabs.cony/investorrelations/financial-results?tab=quarterly-results. ‘We request you to kindly take the above on record. Thanking you. For Pine Labs Limited Neerav Mehta Company Secretary and Compliance Officer Membership Number: A20949 Encl. a/a Pine Labs Ltd. (Formerly known as Pine Labs Pvt. Ltd.), % +022 6986 3600 B info@pinelabs.com CIN: L67100HR1998PLC113312 Unit no. 1504, 15th Floor, A Wing, Plot no. C-70, The ©® www.pinelabs.com Capital, G Block, BKC Bandra East, Mumbai - 400051 Registered office | Pine Labs Ltd. (Formerly known as Pine Labs Pvt. Ltd.), Unit no. 408, 4th Floor, Time Tower, MG road, DLF QF, Gurgaon-122002, Haryana, India. Building No. 10, 12th Floor, Tower-C BSR&Co. LLP DLF Cyber City, Phase - 11 Gurugram - 122 002, India Chartered Accountants Tel: +91 124 719 1000 Fax: +91 124 235 8613 Limited Review Report on unaudited standalone financial results of Pine Labs Limited (formerly known as Pine Labs Private Limited) for the quarter ended 30 September 2026 and year to date results for the period from 01 April 2026 to 30 September 2026 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of Pine Labs Limited (formerly known as Pine Labs Private Limited) 1. We have reviewed the accompanying Statement of unaudited standalone financial results of Pine Labs Limited (formerly known as Pine Labs Private Limited) (hereinafter referred to as “the Company”) for the quarter ended 30 September 2026 and year to date results for the period from 01 April 2026 to 30 September 2026 (“the Statement”). 2. This Statement, which is the responsibility of the Company’s management and approved by its 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"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”). 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 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. 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 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 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. ForB&S R Co.LLP Chartered Accountants Firm’s Registration No.:101248W/W-100022 KUNAL o™ KAPUR Date: 2026.10.29 123401 40530° Kunal Kapur Partner Gurugram Membership No.: 509209 29 October 2026 UDIN:26509209GEJGJL9872 Regitered Offce: BSR 8 Co.(a partnership fi with Registration No. BAG1223) converted into 8 S R & Co. LLP (a 14th Floor,Central B Wing and North C Wing, Nesco IT Park 4, Nesco Limiteg Liabity Partnership with LLP Registration No. AAB-8181i)t effectfrom October 14,2013 Center, Westem Express Highway, Goregaon (East), Mumbai - 400063 Pine Labs Limited (formerly known as Pine Labs Private Limited) : L6T100HR1998PLC113312 Registered office: th Floor, U No. 408, e Tower, MG Road, Gurugram, Haryana, 122002 ‘Telephone: 0124-6949200, Emal investorrelations@pi elabs.com, Website-www.pinelabs.com Statement of standalone financial results for the quarter and half year ended 30 September 2026 (Amounts in INR crores, unless otherwise stated) [S.No [Particulars Quarter ended Half year ended Year Ended 30 September | 30 June 2026 | 30 September | 30 September | 30 September |31 March 2026 2026 205 2026 2025 Unaudited | Unaudited | _Unaudited | Unaudited Unaudited Audited 1 [income Revenue from operations 60729 535.00 43500 114229 86227 1,926.09 Other income 4931 4801 2117 97.32 6506 17229 [Total income 636,60 583,00 456,17 1.259.61 92733 2.098.38 2 [Expenses [T ransaction and related costs %014 8210 5599 17224 10118 244.66 Purchases of stock-in-trade 6605 4181 1282 107.86 2409 132,67 (Changes in inventories of stock-in-trade (5.97) (245) (1.43) (8.42) 104 (1.93) [Employee benefits expense 20003 19927 19034 399,30 393.19 753.25 Finance costs 1188 1043 1829 231 3704 7039 Depreciation and amortisation expenses. 5606 5449 672 11055 24 19221 mpairment of non-current assets 241 L3 117 354 152 456 mpairment losses on financial assets and contract assets and bad debts 950 1001 846 1981 1654 2687 Other expenses 15025 127,68 12681 27793 24634 49463 [Total expenses 58065 459,17 110512 91336 191731 3 [Profiti(loss) before exceptional items and tax 7595 5854 (3.00) 13449 13.97 181,07 Exceptional items (refer note 4) - - - - - 230 4 [Profitiloss) before tax 7595 5854 (3.00) 13449 13.97 178,77 Tax expenses Current tax 1927 1379 - 33.06 - 1427 Deferred tax (0.05) 109 (080) 104 (11.99) 1462 [Total tax expense(credit) 19.22 14.88 (©:50) 3410 (11.99) 2889 6 [Profiti(loss) for the period/year (4-5) 56,73 4366 (2.20) 100.39 2596 14988 7 |Other comprehiencnomse i(vOCeI) tems that will not be reclassified subsequently to profit or loss Remeasurement of defined benefit liability 9 ©70) 31) 229 (1.63) on [Fair value changes on equity investments through OCI - 432 - 432 679 679 Income tax relating to these items ©73) (0.44) 021 (1.19) ( [Showing first 8,000 characters — download PDF for full document]