We wish to inform that the BOD of the Company, at the meeting held today at 11:00 am and concluded at 05:15 pm. and has approved the following agendas 1. Un-Audited Financial Results for Quarter and half year ended 30th Sept 2026 along with Limited Review Report 2. Appointment of Internal Auditor 3. Appointment of Mr. Dilip Vardhan as Additional Non-Executive director of the Company

VARDHAN CAPITAL & FINANCE LIMITED Vardliman® G,~r"o.-.u..p'_ SINCE 1965 30th October, 2026 Listing Department BSE Limited PhirozeJeejeebhoy Towers Dalal Street, Mumbai-400001 Scrip Code: 542931 Sub: Outcome of Board Meeting held today i.e. on Friday, 30th October, 2026. Dear Sirs, We wish to inform that the Board of Directors of the Company, at its meeting held today has approved the following agendas. 1) Un-Audited Financial Results for Quarter and half year ended 30th September, 2026 along with Limited Review Report Pursuant to Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015. 2) Appoinhnent of A. M. Mandavkar & Co, Chartered Accountants having Finn Regish'ation No. 154807W as Internal Auditor of the Company. 3) Appointment of Mr. Dilip Vardhan (DIN: 00207420) as Additional Non-Executive Director of the Company with effect from 30th October, 2026. The said outcome may be accessed on the. Company's website at b:l!p~'iJ./ww"y".vat:...qhfnl£~.m:::.t~9J.c~?:mL. and may also be accessed on the Stock Exchange website at hUps:llwww.bseindia.com. The meeting of the Board of Directors of the Company commenced at 11:00 a.m. and concluded at 05:15 p.m. Please find the above in order and take the same on your records.: Thanking you, Yours faithfully, :...--- Vishal Ramesh Vardhan Managing Director DIN: 03043125 Corporate Office: 58/64, Hari Chambers, I st Floor, Shahid Bhagat Singh Marg, Fort, Mumbai -400 00 I. Tel: 022-4322 6100/22672268/2267 1375 • Fax: 2262 5742 E.: info@vardhmandevelopers.com W.: www.vardhmandevelopers.com Regd. Office: 113, Commerce House, 140 N. M. Road, Fort, Mumbai -400 023. An ISO 9001 : 2008 Group Independent Auditors' Limited Review Report on unaudited quarterly and half-ye;:trly financial results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosur.e Requirements) Regulations, 2015, as amended Review report to The Board of Directors VARDHAN CAPITAL AND FINANCE LIMITED We have reviewed the accompanying statement of unaudited financial results of VARDHAN CAPITAL AND FINANCE LIMITED ("the Company") for the quarter and half year ended September 30, 2026 ("the Statement',) attached herewith, being submitted by the Company pursuant to the requirement of Regulation ,33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the Regulations'') as amended ("the Listing Regulations''). This statement is the responsibility of the Company's Management and approved by the Board of Directors has been prepared in accordance with recognition and measurement principles laid down in Indian Accounting Standard 34 Interim Financial Reporting (Ind AS-34) as prescribed under section 133 of the Companies Act 2013, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on these financial statements based on our review. 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 financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. Emphasis of Matter During the review it is observed that the Company is facing liquidity issues due to which the Company has not paid statutory dues more than Rs. 2.23 crores outstanding for more than six months. Further the Company is in the process of regularizing its returns with RBI and compliance with regulatory bodies. As per management representation the Company is facing temporary liquidity issue which will be resolved soon as all the loans, advances are good and recoverable in full and there no issue on going concern of the Company and there is no material provisions are required in the books with respect to non-compliances which impacts financial results and financial position of the Company as on date. Our report is not modified to the extent in these matters. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompctnying statement of unaudited financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement. For JMT & Associates Chartered Accountants FRN No. 104167W ;"'~:.' .. :"::.:::: SANJAY PICHHOLIA Partner Membership No. 122651 Mumbai, October 30, 2026 UDIN: 26122651IYPGFK3206 VARDHAN CAPITAL & FINANCE LIMITED Vardhman® G r 0 U P SINCE 1965 VARDHAN CAPITAL & FINANCE LIMITED (CIN: L67120MH1995PLC084465) Statement of Unaudited Financial Results for the Quarter and Half Year ended 30th September, 2026 fRs. in Lakhs) I Sr. No. Particulars Quarter Ended Half Year Ended Year Ended 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 I run-Audited rUn-Audited) fUn-Audited) I rUn-Audited) rUn-Audited) (Audited) CONTINUING OPERATION Revenue from Operation (i) Interestlncome 9.41 18.80 32.70 (ii) Dividend Income 0.26 0.37 0.39 0.63 0.62 0.84 (iii) Net Gain on Fair Value Changes (iv) Sale of Shares & Securities (v) Other Operating Income I Total Revenue from Operation 0.26 0.37 9.80 0.63 19.42 33.54 II Other Income III Total Income (1+11) 0.26 0.37 9.80 0.63 19.42 33.54 ~enses (i) Finance Costs 5.57 11.09 16.77 (ii) Net loss on Fair Value Changes (iii) Purchase of Stock-in-Trade (iv) Changes in Inventories of Finished Goods, Stock-in-Trade and Work-in- Progress (v) Employee Benefits Expenses 0.13 0.38 0.13 0.75 0.88 (vi) impairment of Financial Instruments (Expected Credit Loss) (vii) Depreciation and Amortization Expenses (viii) Other Expenses 3.79 3.51 4.47 7.30 9.10 18.10 IV Total Expenses 3.92 3.51 10.42 7.43 20.94 35.75 V Profit/CLoss) before Exceptional Items and Tax (III-IV) (3.66) (3.14) (0.62) (6.80) (1.52) (2.20) VI a) Exceptional Items VI b) Share ofProfit/(Loss) of Associates (Equity Method) VII Profit/CLoss) before Tax (V·VI) (3.66) (3.14) (0.62) (6.80) (1.52) (2.20) VIII Tax Expenses: (1) Current Tax (2) Deferred Tax IX Profit/CLoss) for the Period from Continuing Operations (VII-VIII) (3.66) (3.14) (0.62) (6.80) (1.52) (2.20) X Profit/(Loss) from Discontinued Operations XI Tax Expenses of Discontinued Operations XII Profit/CLoss) from Discontinued Operations (after tax) (X·XI) XIII Profit/CLoss) for the Period (IX+XII) (3.66) (3.14) (0.62) (6.80) (1.52) (2.20) XIV Other Comprehensive Income A( i) Items that will be Reclassified to Profit or Loss (17.73) (37.76) (5.86) (55.48) (4.07) (14.63) (ii) Income Tax relating to Items that wil~ b~ Reclassified to Profit or Loss 4.06 8.64 1,48 12.69 1.07 3.35 B (i) Items that will notbe Reclassified to Profit or Loss (ii) Income Tax Relating to Items that will not be Reclassified to Profit or Loss XV Total Comprehensive Income for the Period (Xlll+XIV) (Comprising Profit/CLoss) and Other Comprehensive Income for the Period) (17.33) (32.25) (5.00) (49.58) (4.52) (13.49) Total Comprehensive Income for the Period attributable to: OWners of the Company Non-Controlling Interest XVI Paid-up Equity Share Capital (Face Value ofRs. 10/-each) 434.86 434.86 434.86 434.86 434.86 434.86 XVll Other Equity (excluding Revaluation Reserve) as per Audited Balance Sheet 331.07 XVIII Earnings per Equity Share (for Continuing Operations) (Face Value ofRs. 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