Unaudited Standalone & Consolidated Financial Results for the Quarter and Half Year ended 30th September, 2026

V SAHAI TRIPATHI & Co CHARTERED ACCOUNTANTS 8-E, Hansalaya, 15 Barakhamba Road, Connaught Place, New Delhi - 110001 Tel. : +91-11-23319596, 23352449, +91-11-23324045 E-Mail: vst@sahaitripathi.com LIMITED REVIEW REPORT The Board of Directors DCM Financial Services Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results of DCM Financial Services Limited'. having its registered office at Upper ground floor, South tower, NBCC Place, Bhishma Pitamah Marg, Delhi-110003 (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 Listing Regulations, 2015"), as amended, including relevant circulars issued by SEBI from time to time. 2. The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We concluded our review of the Statement 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. 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 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 above subject to the notes and audit qualifications . . and consequential effects thereto not considered by company as refe rred in notes '\~\ attached as per annexure 'A', nothing has come to our attention that causes us to believe iri /?,;:that the Statement, prepared in accordance with the recognition and measurement .../ \/ principles laid down in aforesaid Indian Accounting Standards and other recognized ,. ,->,' .• 101, I.JS Palace, X-320, Delhi Gate Bazar, Asaf Ali Road, New Delbi-110002 Tel. : +91-11- 23288326 Page 1 of 4 Website : www.sahaitripathi.com accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of 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. 5. Other Matter The standalone financial results include the results for the quarter ended September 30, 2026 being the balancing figures between the unaudited results in respect of the 6 months ending September 30, 2026 and the first quarter ending June 30, 2026 of the current financial year. ANNEXURE 'A' NOTES TO LIMITED REVIEW REPORT 1. NON-PROVISION OF INTEREST ON SECURED/UNSECURED LOANS The Company has not provided the interest on the following liabilities for the quarter ended September 30, 2026: - (a) Interest on debentures @ 10% as per offer letter on 19.5% Debentures amounting to approx. Rs. 40.40 lacs. (b) Interest on bills payable and fixed deposits amounting to approx. Rs. 102.48 lacs. To the extent of non-provision of interests as stated above the Loss of the Company for quarter ending September 30, 2026 is understated by Rs. 142.88 lacs. 2. OTHER MAJOR AUDIT OBSERVATIONS AS PER THE AUDITED FINANCIALS 31st MARCH, 2026 WHICH NEED TO BE READ WITH THIS REPORT (i) Justice Anil Kumar* as one man committee was appointed vide order dated:- 3rd September, 2015 by the Hon'ble High Court of Delhi to scrutinize the list of depositors and other claimants and to take steps enumerated hereinafter with the view to resolve at least some of the disputes. The one man committee submitted its report on to Hon'ble High Court of Delhi on 22nd April, 2016. Taking cognizance of the report, Hon'ble High Court of Delhi on 10th August, 2017 accepted the recommendation of one man committee enumerated in the report. Under Scheme of One Man Committee, Interest of Rs 235 Lacs are payable to Debenture Holders and Rs 1,448 Lacs are payable to Fixed Depositors under Phase-2 of Schedule of Payments laid down by One Man Committee. Presently the said committee has waived any further payment of Interest to Fixed Depositors, Debenture holders and other lenders, however on complete liquidation of properties and investments, if any surplus remains after payment to all stakeholder creditors, then further payment of Interest would be decided. All stakeholders creditors which are covered under scheme has given its consent to the scheme. No provision of Rs. 1,683 Lacs as laid down under the the scheme towards Interest on Debentures and Fixed Deposits, have been provided in the financial statements on the outstanding amount of Debentures and Fixed Deposits. /../..>:-:.· •.: .;··i·;:':.~':.::. ','.,;, ... ;f{§\;-~:..'..:.]_~'.~,:·Had interest of Rs. 1,683 Lac~ been provided for in the financ~al stateme~ts of year endin? y0~1st March 2018 on outstandmg amount of Debentures and Fixed Deposits, the Net Profit !i cw lhi l0n before tax would have been lowered by Rs. 1,683 Lacs and Net Profit after tax would have been lowered by Rs. 1,340 Lacs as at 31st March, 2018. The cumulative net loss as well as Current Liabilities as at 31st March, 2026 would have been higher by Rs 1,340 Lacs. During the financial year ending March 31, 2026 and six months ending September 30, 2026, the Company has paid said interest of Rs. 7.35 lakhs and 0.45 lakhs respectively, but has accounted for the same as finance cost in the respective period's profit and loss account instead of classifying and disclosing it as a prior period item as required by Ind AS 8, "Accounting Policies, Changes in Accounting Estimates and Errors". *'Die Hon 'ble High umrt of Delhi has appointed Mr. Laxmi Kant Gaur, District Judge (Retd.) vide its order dated 29th July 2021, as the One Man Committee in place of Hon'ble Mr. Justice Anil Kumar (in view of Jzis unfortunate demise). T1le One Man Committee would continue from the stage at which the exercise assigned to tile One Marz Committee by tile High Court stands, at the stage when Hon'ble Mr. Justice Anil Kumar unfortunately expired. T1le agenda of tile One Man Committee would be as per the order dated 3rd September, 2015, read with subsequent orders passed, ifa ny, in that regard. (ii) For redemption of 'B' series debentures of Rs. 2,014.98 Lacs debenture redemption reserve is required to be created. Debenture redemption reserve of Rs. 2014.98 Lacs has not been created due to insufficient profits. (iii) The value of assets charged as security in favor of banks, debenture-holders & financial institutions may have been depleted over a period of time. The depletion, if any, has not yet been ascertained by the Company. To the extent of shortfall, if any, the liability is unsecured, whereas the same has been shown as secured. (iv) Balance confirmation of security deposits provided, trade receivables, some bank balances, FD balances with bank, rent receivables, other advances, borrowings, balances payable to relat [Showing first 8,000 characters — download PDF for full document]