Outcome of the board meeting dated 30/10/2026

Madhusudan Industries Limited Email: madhusudan_i@yahoo.in, Tel: +91 2716 267270 Website: www.madhusudan-india.com CIN: L29199GJ1945PLC000443 MIL/2026-27/161 30th October 2026 BSE Limited Corporate Relationship Department 1st Floor, New Trading Ring Rotunda Building, P J Towers Dalal Street, Fort Mumbai - 400001. Scrip Code: 515059 Scrip ID: MADHUDIN Dear Sir/Madam, Sub: Board Meeting Outcome In continuation to our letter No. MIL/2026-27/153 dated 21st October 2026 and pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that the Board of Directors of the Company at their meeting held today i.e. on 30th October 2026 has considered and approved the Unaudited Financial Results of the Company for the quarter and half year ended on 30th September 2026 which were recommended by the Audit committee at its meeting held on even date. We are enclosing herewith Unaudited Financial Results along with Limited Review Report by Statutory Auditors of the Company for the quarter and half year ended 30th September 2026, Statement of Assets & Liabilities as at 30th September 2026 and Statement of Cash Flow for the half year ended 30th September 2026. The meeting commenced at 12:00 p.m. and concluded at 12:55 p.m. We hope, you will find the above in order and take necessary action in the matter. Thanking you, For Madhusudan Industries Limited Mitushi Shah Company Secretary & Compliance Officer Encl: As Above Regd. Office: Survey No. 359/B, 359/C, 361 & 362, Rakhial, Taluka: Dehgam, Dist.: Gandhinagar (India), Pin - 382315 Madhusudan Industries Limited Email: madhusudan_i@yahoo.in, Tel: +912716 267270 Website: www.madhusudan-india.com CIN: 129199GJ1945PLC000443 STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMEBR, 2026 ( Rs. In Lakhs) Previous Quarter Ended Half Year Ended Year Ended Particulars i--. Sr. 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 l-.-.---r---- No. (Unaudited) (Unaudited) (Unaudited) , ~Unaud~.,.._. ....c.._ u_na_u_d_i,_te_d.. .)._ .,..__,,,. <.A. _u_d_it_e.. d. ,...)--f iNCOME I Revenue from Operations , · 35.31 33.63 33.69 68.94 65.65 132.92 1.-.-~..+--"i...;;..:;.;,:.:....:.;,.:.;:.:;,;;.._.:- ---..,._~·--------:., ~,______,,...._..,... ~ Ill Total Income (I+ 11 l (177.54) 457.34 (68.76) 279.80 258.81 240.87 (a) Cost of Materials consumed (b) Purchases of Stock-in-Trade (c) ··changes in inventories of finished goods, work-in-progress and stock-in-trade (d) Employee benefits expenses 20.10 17.55 15.16 37.65 31.08 74.14 (e ) Finance .costs (f) Depreciation ;:ind amortization expenses 1.99 2.00 2.20 3.99 4.31 8.62 (g) Other expenses 6.58 5.91 6.00 12.49 12.54 213.93 Total Expenses ( IV ) 28.67 25.46 23.36 54.13 47.93 296.69 v Profit/(Loss) before exceptional items and tax (Ill-IV) (206.21) 431.88 (92.12) 225.67 210.88 (55.82) VI Exceptional Items -Profit on Sale of Office Building 217.04 217.04 VII Profit/(Loss) before tax ( V-VI ) 10.83 431.88 (92.12) 442.71 210.88 (55.82) VIII Tax expenses:: ---- Current Tax 46.63 7.17 9.24 53.80 15.95 29.29 '----.-~•-----~.-~----D-efe-rr.ed -Ta-x -----------------.1 (66.78) 101.53 (33.05) 34.75 36.44 (43.41) ---- Income Tax (Prior Years) (0.01) Total Tax Expenses: (20.15) 108.70 (23.81) 88.55 52.39 (14.13) IX Profit/( Loss) for the period from continuing operations after tax (VII-VIII ) 30.98 323.18 (68.31) 354.16 158.49 (41.69) X Profit I (loss) from discontinued operations XI Tax expense of discontinued operations XII Profit/ (loss) from discontinued operations ( after tax) ( X-XI ) XIII ·Net Profit/(Loss) for the period ( IX+Xll) 30.98 323.18 (68.31) 354.16 158.49 (41.69) XIV Other Comprehensive Income ( OCI) (0.81) (0.82) (2.94) (1.63) (3.63) ·(3.26) B. Items that will be reclassified to profit or loss ( Net of tax) Total Comprehensive Income for the period ( Xlll+XIV) comprisin.g Profit/(loss) and xv other copmrehensive income for th~_ period 30.17 322.36 (71.25) 352.53 154.86 (44.95) ,__x.v_1_ ___P aid-up E~uity Share Capital ( F v Rs.5/-per share ) 268.75 268.75 268.75 268.75 268.75 268.75 XVII Other Equity (Reserves excluding Revaluation Reserve) 2471.89 XVIII Earnings per equity share ( EPS for the Quarter and Half year not annualised): (1) Basic ( Rs.) 0.58 6.01 (1.27) 6.59 2.95 (0.78) (2) Diluted ( Rs.) 0.58 6.01 (1.27) 6.59 2.95 (0.78) Date: 30th October, 2026 Place : Rakhial ector (Non-Executive Director) (DIN : 06508125) Regd. Office: Survey No. 359/B, 359/C, 361 & 362, Rakhial, Taluka: Dehgam, Dist.: Gandhinagar (India), Pin -382315 MADHUSUDAN INDUSTRIES LIMITED Notes to the Statement of Unaudited Financial Results for the Quarter and half year ended 30th September, 2026 1. These unaudited financial results of the Company for the quarter and half year ended 30th September, 2026 have been reviewed by the Audit Committee and then approved by the Board of Directors at their respective meetings held on 30th October, 2026. The Statutory Auditors of the Company have conducted a limited review of the unaudited financial results for the quarter and half year ended 30th September, 2026 and have issued an unmodified review opinion on these financial results. 2. The above unaudited financial results have been prepared in accordance with the recognition and measurement principles of the Companies Indian Accounting Standards ("Ind AS") as prescribed under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 as amended and other recognised accounting practices and policies to the extent applicable. 3. Other Income includes Gain/Loss on fair valuation of investments. 4. The Company's operations comprise of income from lease of the Company's properties located at its registered office. Accordingly, there are no separate reportable segments as required under Ind AS 108 "Operating Segment". 5. During the period, the Company has sold office building at Ahmedabad, resulting in a profit of Rs. 217.04 Lakhs which has been disclosed as an Exceptional Item in the Statement of Unaudited Financial Results. This transaction is non-recurring in nature and is not part of the ordinary course of the Company's business activities. 6. Figures of the previous periods have been regrouped/ reclassified I restated wherever considered necessary. Date: 3Qth October, 2026 Premchand Surana Place: Rakhial (Non- Executive Director) (DIN: 06508125} N. M. NAGRI & CO. CHARTERED ACCOUNTANTS 'A' Block, 5th Floor, A-1 & A-2, Safal Profitaire, Opp. Prahlad Nagar Garden, Near Hotel Ramada, Prahlad Nagar, Ahmedabad-380 015 Tele:(079) 45864721 +E-mail: nmnagri@hotmail.com Independent Auditor's Review Report on the Quarterly and Year to date Unaudited Financial Results of Madhusudan Industries Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) Review Report to The Board of Directors Madhusudan Industries Limited 1. We have reviewed the accompanying Statement of unaudited Financial Results of Madhusudan Industries Limited (the 'Company') for the quarter and six months ended 30th September, 2026 (the 'Statement') attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the Listing Regulations). 2. This Statement, which is the responsibility of the 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 Indian Accounting Standard-34, "Interim Financial Reporting" ('Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 (the 'Act'), as amended, read with rules issued thereunder ~elevant and other accounting principles generally accepted in India and is in compliance with Regulation 33 of the Listing Regula [Showing first 8,000 characters — download PDF for full document]