BSEBoard Meeting3d ago · 2 Nov 2026, 05:32 pm
Pursuant to Regulation 30 (read with Part A of Schedule III) and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('SEBI Listing Regulations'), and based on the recommendation of the Audit Committee, please be informed that the Board of Directors of Indef Manufacturing Limited (Company) at its meeting held today i.e. on November 02, 2026, inter alia, has unanimously ....
Indef Manufacturing Ltd · 544364
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Indef Manufacturing Ltd has announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, which were approved by the Board of Directors. The results were reviewed by the independent auditors, Kanu Doshi Associates LLP, who have expressed no material misstatement.
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Governance Concern1/10
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Indef Manufacturing Ltd - 544364 - Board Meeting Outcome for Outcome For The Board Meeting Held Today I.E November 02, 2026
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indef
Date: November 02, 2026
To, To,
BSE Limited National Stock Exchange of India Limited
Corporate Relationship Department, Phiroze Exchange Plaza, Plot No. C/1, Block G, Bandra
Jeejeebhoy Towers, 25" Floor, Dalal Street, Fort, Kurla Complex Bandra (East), Mumbai
Mumbai - 400 001 400 051
Scrip Code: 544364 Symbol: BAJAJINDEF
Sub: Outcome of the Board Meeting held on November 02, 2026.
Dear Sir/Madam,
Pursuant to Regulation 30 (read with Part A of Schedule Ill) and 33 of the Securities and Exchange Board
of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("SEBI
Listing Regulations"), and based on the recommendation of the Audit Committee, please be informed
that the Board of Directors of lndef Manufacturing Limited (Company) at its meeting held today i.e. on
November 02, 2026, inter alia, has unanimously considered the Unaudited Standalone and
Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026,
along with the Limited Review Reports provided by the Statutory Auditors thereon, enclosed herewith,
which were approved and taken on record by the Board of Directors at the above Meeting.
The meeting commenced at 03:15 PM. (IST) and concluded at 04:55 P.M. (1ST). This intimation is also
being uploaded on the Company's website: www.indef.com
Please acknowledge the receipt.
For Indef Manufacturing Limited
Vineesh Vijayan Thazhumpal
Company Secretary
A63683
Company: INDEF MANUFACTURING LIMITED (Resulting company from demerged Hercules Hoists Limited)
T: 022 45417309/306 ] F: +91 2192 274125[E: cs1@indef.com U: www.indef.com
Corporate Office: 501-504, Shelton Cubix, Sector 15, Plot 87, CBD Belapur, Nevi Mumbai 400614, INDIA
Works: Khalapur, Chakan [ Regional Offices: Pune, Delhi, Chennai, Kolkata
Registered Office: Bajaj Bhewan, 2nd Floor, 226, Jamnala! Bajaj Marg, Mumbai 400 021, INDIA
CIN: L29308MH2022PLC390286
Kanu Doshi Associates LLP
Chartered Accountants
Independent Auditor's Review Report on Unaudited Quarterly Standalone Financial
Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 (as amended)
The Board of Directors of Indef Manufacturing Limited (“Company”)
1. We have reviewed the accompanying statement of unaudited standalone financial results
of INDEF MANUFACTURING LIMITED (“Company”) for the quarter and half year ended
September 30th , 2026 being submitted by the Company pursuant to Regulation 33 of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended),
including relevant circulars issued by SEBI from time to time.
2. The statement is the responsibility of the Company’s management and has been approved
by Board of Directors. Our responsibility is to express a conclusion on the Statement
based on our review of the Statement, which 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”), specified under Section 133 of the Companies
Act, 2013, SEBI Circular CIR/CFD/PAC/62/2016 dated 5 July 2016 (hereinafter referred
to as 'the SEBI Circular'), and other accounting principles generally accepted in India.
3. We conducted our review of the statement in accordance with the Standard on Review
Engagement (SRE) 2410, ‘Review of Interim Financial Information performed by
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 an analytical procedure
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.
4. Based on our review conducted as above, nothing has come to our attention that causes
us to believe that the accompanying statement of unaudited standalone financial results
prepared in accordance with applicable Indian Accounting Standards (Ind AS) 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, as amended, including the manner in which it is to be
disclosed, or that it contains any material misstatement.
For Kanu Doshi Associates LLP
Chartered Accountants
Firm Registration No: 104746W/W100096
Kunal Vakharia
Partner
Membership No.: 148916
UDIN: 26148916NYTDHN4205
Place: Dubai
Date: 02nd November, 2026
Mumbai Office: 203, The Summit, Hanuman Road, Western Express Highway, Vile Parle (E), Mumbai -400 057 T: 022-2615 0100
Pune Office : 109, Schrab Hall, 21 Sassoon Road, Opp. Jehangir Hospital, Pune -411001 T: 020-4906 7177
E : info@kdg.co.in W: www.kdg.co.in. FRN : 104746W/VV100096
Kanu Doshi Associates LLP
Chartered Accountants
Independent Auditor's Review Report on Unaudited Quarterly Consolidated Financial
Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 (as amended)
The Board of Directors of M/s. Indef Manufacturing Limited (“Company”)
1. We have reviewed the accompanying statement of unaudited Consolidated Financial
Results of M/s. Indef Manufacturing Limited for the quarter and half year ended September
30, 2026 being submitted by the Company pursuant to Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including
relevant circulars issued by SEBI from time to time.
2. The statement is the responsibility of the Company’s management and has been approved
by Board of Directors. Our responsibility is to express a conclusion on the Statement
based on our review of the Statement, which 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”), specified under Section 133 of the Companies
Act, 2013, SEBI Circular CIR/CFD/PAC/62/2016 dated 5 July 2016 (hereinafter referred
to as 'the SEBI Circular'), and other accounting principles generally accepted in India.
3. We conducted our review of the statement in accordance with the Standard on Review
Engagement (SRE) 2410, ‘Review of Interim Financial Information performed by
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 an analytical procedure
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.
We also performed procedures in accordance with the SEBI Circular
CIR/CFD/CMD1/44/2019 dated 29 March 2019 issued by the SEBI under Regulation. 33
(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as
amended), to the extent applicable.
4. The Statement includes the result of the below mentioned two subsidiaries
a. Consolidated Swift Industries Limited
b. Daedalus Lift & Access Equipment Private Limited
5. Based on our review conducted as above, nothing has come to our attention that causes
us to believe that the accompanying statement of unaudited consolidated financial results
prepared in accordance with applicable Indian Accounting Standards (Ind AS) 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, as amended, including the manner in which it i
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