Outcome of Board Meeting

DOLPHIN OFFSHORE ENTERPRISES (INDIA) LIMITED MAY FAIR, A-II, SECOND FLOOR, NEW FAIR COOPERATIVE HOUSING SOCIETY LTD., 26,S.V. ROAD BANDRA (WEST),M UMBAI 400050. Email info@dolphin.offshore coe Mob No. +91 6357073229 October 31, 2026 To, To, Corporate Relations Department Corporate Relations Department BSE Limited National Stock Exchange of India Ltd. 2nd Floor, P.J. Towers, Exchange Plaza, Plot No. C/1, G-Block, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai – 400001 Mumbai – 400051. SCRIP CODE: 522261 SYMBOL: DOLPHIN Sub: 1. Outcome of the Board meeting held today i.e. Saturday, October 31, 2026 2. Un-audited Financial Results (Standalone & Consolidated) of the Company for the quarter and half year ended on September 30, 2026. Ref: Regulation 30 read with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI (LODR) Regulation). Dear Sir/ Madam, With reference to subject matters, we hereby inform you that the Board of Directors of the Company at its meeting held today i.e. Saturday, October 31, 2026 has approved the following businesses; 1. Approval of Un-audited Financial Results (Standalone & Consolidated) of the Company for the quarter and Half year ended on September 30, 2026 along with the Statement of Assets and Liabilities and Cash Flow Statement for the half year ended on September 30, 2026 and to took the note of Limited Review Report issued by the Statutory Auditor’s thereon. Pursuant to Regulation 30 and 33 of the SEBI (LODR) Regulations, we enclose herewith the following: a. Un-audited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended on September 30, 2026; b. The Statement of Assets and Liabilities and Cash Flow Statement for the half year ended on September 30, 2026; and c. Limited Review Report issued by the Statutory Auditors, M/s Mahendra N. Shah & Co The meeting of Board of Directors commenced at 12:00 Noon and concluded at 01:50 p.m. You are requested to take the same on your records. Thanking you For, Dolphin Offshore Enterprises (India) Limited Krena Khamar Company Secretary & Compliance Officer M.No.: A62436 Encl: as above Website: www.dolphinoffshore.com CIN: L11101MH1979PLC021302 ® REGISTERED TRADE MARK MAHENDRA N. SHAH & CO. 201, Pinnacle Business Park CHARTERED ACCOUNTANTS Corporate Road, Opp: Royal Orchid Flats, Prahladnagar, Ahmedabad - 380 015,INDIA Tel: 079-2970 5151/52, +91 89800 24640 E-mail : office@mnshahca.com & kjpandco@gmail.com Web: www.mnshahca.com Independent Auditor's review report on Quarterly and Half year ended September 30,2026 of the company Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended The Board of Directors of Dolphin Offshore Enterprises {India) Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results of Dolphin Offshore Enterprises {India) 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, as amended. 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 the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, "Review of interim Financial information Performed by the independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India ("ICAI"). 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 as stated in paragraph 3, 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 Act and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. ' rureG. o • 4o.6st'5w ikggerg MAHENDRA N. SHAH & CO. Emphasis of Matter 5. We draw attention that accompanying Statement regarding ECL provision, based on detailed evaluation of ageing and recoverability of trade receivables (including balances pertaining to earlier periods), management has recognized an Expected Credit Loss (ECL) provision amounting to Rs. 602.62 Lakhs as on September 30, 2026. For, Mahendra N. Shah & Co. Chartered Accountants FRN : 105775W CA Chirag M. Shah Partner Membership No. 045706 UDIN: 260u5406xMR1230u8 Date: October 31,2026 Place: Ahmedabad DOLPHIN OFFSHORE ENTERPRISES (INDIA) LIMITED € REGI. OFFICE: MAY FAIR, A 11, SECOND FLOOR, NEW FAIR CO· OP HSG SOC LTD, BANORA WEST, MUMBAI 400050 Ph.: +91 6357073229, E-mail: cs@dolphinoffshore.com; website:www.dolphinoffshore.com, CIN: L11101MH1979PLC021302 STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED ON SEPTEMBER 30, 2026 (Rs. In Lakhs except EPS) s, Quarter ended Half Year ended Year ended Particulars 30-09-2026 30-06-2026 30-09-2025 30-09-2026 30-09-2025 31-03-2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1 Income from Revenue (a) Revenue from operations 692.06 246.33 44.91 938.39 84.91 1,173.25 (b) Other Income 768.80 477.78 620.44 1,246.58 812.90 2,805 75 Total Income 1,460.86 724.11 665.35 2,184.97 897.81 3,979.00 2 Expenses (a) Cost of materials consumed / Other Operating Expenses 206.93 52.10 41.60 259.03 43 10 68.34 (b) Employee benefits expenses 25.98 22.66 7 62 48.64 15.26 30.51 (c) Finance cost 376.85 389.61 139 96 766.46 264.36 769.56 (d) Depreciation and amortization expenses 0 27 017 0.07 0.44 0.13 032 (e) Other expenses 96.54 137.86 6.40 234.40 33.54 492.62 Total Expenses 706.57 602.40 195.65 1,308.97 356.39 1,361.35 3 Profit before exceptional items and tax 754.29 121.71 469.70 876.00 541.42 2,617.65 4 Exceptional items - - s Profit before tax 754.29 121.71 469.70 876.00 541.42 2,617.65 6 Tax Expense (a) Current Tax - (b) Short/(Excess) provision of income tax of earlier years (70.41) (70.41) (c) Deferred Tax 178.87 30.63 118.21 209.50 136.26 (1,065.49) Total Tax Expenses 178.87 30.63 118.21 209.50 65.85 (1,135.90) 7 Net Profit for the period /Year 575.42 91.08 351.49 666.50 475.57 3,753.55 8 Other comprehensive income (a) ltems that will not be reclassified to profit or loss(net of tax) - - (b) ltems that will be reclassified to profit or loss(net of tax) - - 9 Total comprehensive income for the period/ Year 575.42 91.08 351.49 [Showing first 8,000 characters — download PDF for full document]