Outcome of Board Meeting

Gem Aromatics Limited Manufacturer & Exporters of Essential Oils & Aromatics Chemicals Registered Office: A/410-411, A-Wing, Kailash Ind. Complex, Powai Vikhroli link Rd, Vikhroli West, Mumbai-400079. Maharashtra, India, Tel No: +91-2225185231/25185931 CIN: L24246MH1997PLC111057 Date: October 31, 2026 To, To, Listing / Compliance Department Listing / Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street, Mumbai – 400 001 Bandra Kurla Complex Bandra (E), Mumbai – 400 051 BSE CODE: 544491 NSE SYMBOL: GEMAROMA Sub.: Outcome of the Board Meeting of Gem Aromatics Limited held on October 31, 2026. Dear Sir/ Madam, In furtherance to our intimation dated October 27, 2026, this is to inform you that pursuant to Regulations 30, 33, and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), the Board of Directors of the Company at its Meeting held today, i.e., October 31, 2026 has considered and approved the Unaudited Financial Results (both standalone and consolidated basis) for the quarter and half year ended on September 30, 2026 along with the Limited Review Report. A copy of the said Financial Results, together with the Limited Review Report, is enclosed herewith. Further, pursuant to Regulation 30 read with Para A, Part A of Schedule III, and other the applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), please find enclosed herewith: (i) the Unaudited Standalone and Consolidated Financial Results for the quarter & half year ended September 30, 2026; and (ii) Limited Review Report dated October 31, 2026, issued by the Statutory Auditors of the Company with respect to the Unaudited Standalone and Consolidated Financial Results and taken on record by the Board of Directors of the Company. The Board Meeting commenced at 3.16 p.m. and concluded at 3.46 p.m. The same will be available on the website of the Company at www.gemaromatics.com. Kindly take the above information on record. Thanking you, Yours faithfully, For Gem Aromatics Limited Akshita Deepak Gohil Company Secretary & Compliance Officer Enclosed: As Above Corporate Office: A/503, Kailash Ind. Complex, Powai Vikhroli link Rd, Vikhroli (W), Mumbai, Maharashrta, India, Pin - 400079. Facility 1: Plot No 2, Survey No.16/4/2, Near Alok Industries, Village Rakholi, Silvassa, Dadra & Nagar Haveli, Pin - 396230.Facility 2: Khasara No 8,9,10,126, Village Gathona, Ujhani Budaun Road, District: Budaun, UP, India, Pin # 243639. E-mail: secretarial@gemaromatics.in Web: www.gemaromatics.in CHHAJED & DOSHI CHARTERED ACCOUNTANTS Independent Auditor’s Review Report on Unaudited Standalone Financial Results for the quarter and six months ended September 30, 2026, of Gem Aromatics Limited, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended To the Board of Directors of Gem Aromatics Limited 1. We have reviewed the accompanying statement of Unaudited Standalone Financial Results of Gem Aromatics Limited (“the Company”) for the quarter and six months ended September 30, 2026 (“the Statement”), 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 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 in compliance with 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 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 (ICAl). 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 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 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. We draw attention to Note 4 to the accompanying Statement regarding the change in the Company's accounting policy for valuation of inventories from the Weighted Average Cost method to the First-In, First-Out (FIFO) method with effect from April 1, 2026. As described in the said note, considering the nature of the Company's complex and continuous manufacturing process involving multi-stage production, joint product and by-product costing, and interdependent processing cycles, the management has concluded that retrospective application of the change in accounting policy is impracticable. Accordingly, the change has been applied prospectively from the beginning of the current financial year. Our conclusion is not modified in respect of this matter. 5. Based on our review conducted as stated in paragraph 3 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 Ind AS 34 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. For CHHAJED & DOSHI Chartered Accountants Firm Registration No.: 101794W Abhinav Chhajed Partner Membership No. 196452 UDIN: 26196452ACVAZK1786 Place: Mumbai Date: October 31, 2026 HEAD OFFICE : 101, Solaris One, Near East West Flyover, N. S. Phadke Marg, Andheri (E), Mumbai 400069 & :022-61037878 e E mail: info@cndindia.com e www.cndindia.com BRANCHES :e Ahmedabad e Delhi o Dombivii e Marine Lines GEM AROMATICS LIMITED CIN: L24246MH1997PLC111057 UNAUDITED STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 {All amounts are in Rs million unless stated otherwise) [ QUARTER ENDED HALF YEAR ENDED YEAR ENDED_ ; Particulars Sep-26 Jun-26 Sep25 Sep-26 Sep-25 Mar-26 S (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) ‘u) INCOME {a) Revenue from operations 923.80 829.86 983.99 1,753.66 1,747.95 3,709.41 ‘ (b) Other income 4635 4157 39.57 87.92. 65.39 122.58 ‘! YOTAI. INCOME 970.15 871.43 1,023.56 1,841.58 1,813.34 3,831.99 1{2) EXPENSES | H {a) Cost of materials consumed 746.84 708.11 1,001.44 1,454.95 1,731.26 3,208.83 | | (b) Changes in inventories of finished goods and work-in-progress (34.30) (25.11) (154.97) (59.41) (312.09)| 1244.37)] i ) Employee benefits expense 3121 3053 1476 61.74 4871 10153 | | (d) Finance costs 2571 13.34 3185 39.05 61.08 9461 | i (e} Depreciation 2nd amortisation expense 16.82 16.06 14.89 283 29.28 631 | |___ (0 Other expenses 61.00 3119 62.19 9219 249.79 847.28 778.12 970.16 1,621.40 |~ 3473, (3) Profit before tax (1-2) 122.87 97.31 53.40 220.18 140.66 | 358.49 {(4) Tax expenses (a) Current tax 32.69 25.38 21.00 58.07 42.00 [Showing first 8,000 characters — download PDF for full document]