Reply to Clarification- Financial results

July 24, 2026 The Manager The Listing Department National Stock Exchange of India Limited (‘NSE’) Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 Symbol – KSR Dear Sir / Madam, Subject: Our reply against NSE queries dated July 17, 2026 pertaining to Financial Statements submitted to the Exchange on November 27, 2025 This is with reference to below NSE queries dated July 17, 2026 pertaining to interim Audited Financial Statements for the quarter ended June 30, 2025, submitted to NSE on November 27, 2025: 1. Segment details not submitted Reply: The Company is engaged in one business segment namely, Footwear. Hence segment-wise reporting is not applicable to the Company. 2. Machine readable Form/Legible copy of Financial Results not submitted Reply: Please note that the copy of Financial Results as on June 30, 2025 was submitted in Machine Readable Form. However, a high-resolution file in Machine Readable Form is also enclosed herewith for your record. 3. Financial results submitted is not as per format prescribed by SEBI-Comparative Figures not submitted Reply: The Scheme of Arrangement between Khadim India Limited (“Demerged Company”) and the Company (“Resulting Company”) and their respective shareholders and creditors under Sections 230 to 232 read with the other applicable provisions of the Companies Act, 2013 (“Scheme”) was sanctioned by the Hon’ble National Company Law Tribunal, Kolkata Bench (“Hon’ble NCLT”) by its Order dated March 27, 2025. The Scheme provided for demerger of the Distribution Business (“Demerged Undertaking”) of Khadim India Limited, as a going concern, into the Company. The Scheme became effective on and from May 01, 2025 in terms of the provisions of the Scheme. Further, pursuant to the aforesaid Order and upon Scheme became effective, the entire Distribution Business (“Demerged Undertaking”) stands transferred from the Demerged Company and vested with the Resulting Company as a ‘Going Concern’ on and from April 01, 2025, being the Appointed Date as determined in terms of the said Scheme. Consequent to the Order of Hon’ble NCLT, the Company had filed application with NSE and BSE Limited (together “the stock exchanges”) on July 19, 2025 and July 23, 2025 respectively for listing of shares as per the Scheme. The listing approval was granted by the stock exchanges on September 05, 2025 and the trading approval for the same was granted by the stock exchanges on November 25, 2025 effective from November 27, 2025. As there was no major business activity prior to the Appointed Date i.e., April 01, 2025, no comparative figures had been included in the interim Audited Financial Statements for the quarter ended June 30, 2025. Trust the above clarification would suffice in the matter. Thanking you, Yours faithfully, For KSR Footwear Limited Company Secretary ICSI Membership No. - A58192 Encl: As above CK AGARWAL & ASSOCIATES " Shakespeare Cour.t " 21A, Shakespeare Sarani, CHARTERED ACCOUNTANTS 8th Floor, Flat 8D, Kolkata-7OOO17 INDIA Ph: 40649046, lVobile: 9831579045 INDEPENDENT AUDITOR'S REPORT To the Board of Directors of KSR FOOTWEAR Lllvl|TED Opinion We have audited the accompanying special purpose interim lnd AS financial statements of KSR Footwear Limited ("the Company"), which comprise the interim Balance Sheet as at June 30, 2025, the interim Statement of Profit and Loss, including the interim statement of Other Comprehensive lncome, the interim Statement Cash Flows for the three months period then ended, and a summary of select explanatory notes. ln our opinion and to the best of our information and according to the explanations given to us, the aforesaid special purpose interim lnd AS financial statements give the information required by the Companies Act, 2013, as amended ("the Act") in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in lndia, including the lndian Accounting Standard (lnd AS) 34 specified under section 133 of the Act, read with the Companies (lndian Accounting Standards) Rules ,2015, as amended of the state of affairs of the Company as at June 30, 2025, its loss including other comprehensive income and its cash flows forthe period ended on that date Basis for Opinion We conducted oui audit of the special purpose interim lnd AS financial statements in accordance with the Standards on Auditing (SAs), as specified under: Section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the special purpose interim lnd AS financial statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the lnstitute of Chartered Accountants of lndia together with the ethical requirements that are relevant to our audit of the special purpose interim lnd AS financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on the special purpose interim lnd AS financial statements Responsibilities of Management for the Special Purpose lnterim lnd AS Financial Statements The Company's Board of Directors is responsible for the preparation of these special purpose interim lnd AS financial statements that give a true and fair view of the financial position, financial performance including other comprehensive income and cash flows of the Company in accordance with the requirement of lndian Accounting Standard (lnd AS) 34 specified under section 133 of the Act read with the Companies (lndian Accounting Standards) Rules, 2015, as amended. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and g.As mpleteness of the accounting records, relevant to the preparation and presentation of the special tA' a H.O. : 7A, Bentinck Street,2nd Floor, Kolkata-700001 E-mail:naresh@agaruualandassociates.com laganruals.associates@gmail.com purpose interim lnd AS financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error. ln preparing the special purpose interim lnd AS financial statements, Board of Directors are responsible for assessing the ability of the Company to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do The Board of Directors are also responsible for overseeing the Company's financial reporting process Auditor's Responsibilities for the Audit of the Special Purpose lnterim lnd AS Financial Statements Our objectives are to obtain reasonable assurance about whether the special purpose interim lnd AS financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. lVlisstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these special p [Showing first 8,000 characters — download PDF for full document]