Disclosure under Regulation 30 of SEBI LODR Regulations, 2015.

November 02, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Scrip Code: 502865 Security ID: FORBESCO Dear Sir/Madam, Subject: Outcome of Board Meeting held on November 02, 2026 The Board of Directors of the Company at their meeting held on November 02, 2026, has, inter- alia, approved the following- a) Pursuant to Regulation 30 & 33 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company at their meeting held on November 02, 2026, has approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026. We enclose herewith the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026, along with the Limited Review Report dated November 02, 2026, of M/s. Sharp & Tannan Associates LLP, Chartered Accountants, Statutory Auditors of the Company in respect of the said Financial Results. b) With respect to Company’s upcoming IT Park, Real Estate Project at Wagale Thane MIDC, the Board considered and approved an amount of Rs. 35 crores for carrying out excavation, site clearance, shore piling, earth work, structural work and related work for its initial phase of development. The balance Project cost would be approved from time to time during the tenure of the Project. c) Approved a capital expenditure budget of approximately Rs. 15 crores, plus GST, for carrying out construction of factory building/shed at Chikalthana Industrial Area, Chh. Sambhajinagar with a view to optimising utilisation of the existing plot area. Forbes & Company Limited.Forbes' Building, Charanjit Rai Marg, Fort, Mumbai-400 001. Tel.: +91 22 61358900 Fax.: +91 22 61358901 www.forbes.co.in CIN No. L17110MH1919PLC000628 d) Approved sale/transfer of its investment comprising 58,849 equity shares (49%) held in its associate company viz, Neuvo Consultancy Services Private Limited to Shapoorji Pallonji Real Estate Private Limited for a consideration of Rs. 5,88,490/-, subject to other terms and conditions agreed between the parties. Following this transaction, Neuvo Consultancy Services Private Limited shall cease to be an Associate Company. This transaction does not have any material impact on the Company. Details as required under Regulation 30 read with Part A, Para A of Schedule III of the SEBI Listing Regulations, 2015 and SEBI Master Circular No HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026, is enclosed herewith as Annexure “A”. The Board Meeting commenced at 02.00 p.m. and concluded at 5.00 p.m. The above announcement is also being made available on the Company's website at www.forbes.co.in. Yours faithfully, For Forbes & Company Limited Mehul Raval Company Secretary & Compliance Officer Membership No. A18300 Encl: As above Forbes & Company Limited.Forbes' Building, Charanjit Rai Marg, Fort, Mumbai-400 001. Tel.: +91 22 61358900 Fax.: +91 22 61358901 www.forbes.co.in CIN No. L17110MH1919PLC000628 Annexure “A” Details as required under Regulation 30 read with Part A, Para A of Schedule III of the SEBI Listing Regulations, 2015 and SEBI Master Circular No HO/49/14/14(7)2025- CFDPOD2/I/3762/2026 dated January 30, 2026 Sr. No Particulars Descriptions a) Amount and percentage of turnover or During the financial year ended on March 31, revenue or income and net worth 2026, being an associate company, the share of contributed by the associate company of profit/(loss) contributed in the previous the listed entity during the last financial financial year was Rs. (474.73) lacs. year. b) Date on which the agreement for sale has The Board has approved the share transfer on been entered. 02nd November, 2026. Share transfer documents shall be mutually executed between the parties. c) The expected date of completion of sale/ Within 60 days from the date of approval by the disposal Board members of both the parties. d) Consideration received from such sale / Rs. 5.88 lacs disposal. e) Brief details of buyers and whether any of The shares shall be sold to the buyers belong to the Shapoorji Pallonji Real Estate Private Limited, promoter/promoter group/group Group Company. The entity belongs to the companies. If yes, details thereof. Promoter group. f) whether the transaction would fall within Yes. The transaction is carried out at arm’s related party transactions? If yes, whether length and in the ordinary course of business. the same is done at arm’s length. g) whether the sale, lease or disposal of the Not Applicable undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation 37A of LODR Regulations. h) Additionally, in case of slump sale, Not Applicable indicative disclosures provided for amalgamation/ merger, shall be disclosed by the listed entity with respect to such slump sale. Forbes & Company Limited.Forbes' Building, Charanjit Rai Marg, Fort, Mumbai-400 001. Tel.: +91 22 61358900 Fax.: +91 22 61358901 www.forbes.co.in CIN No. L17110MH1919PLC000628 87 Nariman Bhavan SHARP& 227 Nariman Point Mumbai 400 021 TANNAN India +91 22 6153 7500 ASSOCIATES LLP www.sharpandtannan.com chartered accountants Independent Auditor's Limited Review Report on Standalone Unaudited Financial results of FORBES & COMPANY LIMITED for the quarter and six months ended September 30, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 The Board of Directors FORBES & COMPANY LIMITED (CIN - L1 7110MH1919PLC000628) Forbes Building, Charanjit Rai Marg, Fort, Mumbai - 400 001 Introduction 1. We have reviewed the accompanying statement of Standalone Unaudited Financial results of FORBES & COMPANY LIMITED ("the Company") for the quarter and six months ended September 30, 2026, together with notes thereon ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended ("Listing Regulations"). 2. The Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors on November 02, 2026, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, as amended ("the Act"), read with relevant rules issued there under and other recognised accounting practices and policies generally accepted in India and Regulation 33 of the Listing Regulations in this regard. Our responsibility is to express a conclusion on the Statement based on our review. Scope of Review 3. 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 ("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 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. F&CL_SFS_LRR_ Q2_2026-2;Assurance I Consulting I GRC I Tax Page 1 of 2 Ahmedabad I Bengaluru I Chennai I Coimbatore I Delhi I Goa I Hyderabad I Mumbai I Pune I Vadodara Formerly Sharp & Tarman Associates (Regn. No BA32093; FRN 109983W}, con [Showing first 8,000 characters — download PDF for full document]