Unaudited Financial Results for the quarter and half year ended September 30, 2026

Hfl<AL November 03, 2026 BSE Limited, National Stock Exchange of India Limited, P J Towers, Exchange Plaza, Dalal Street, Bandra-Kurla Complex, Bandra, Mumbai - 400 001. Mumbai - 400 051. Scrip Code: 524735 Symbol: HIKAL Dear Sir/Madam, Subject: Outcome of Board Meeting pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This is to inform you that, the Board of Directors of the Company at its meeting held today i.e., November 03, 2026, inter-alia have considered and approved the unaudited financial results (Standalone and Consolidated) of the Company for the quarter and the half year ended September 30, 2026. In terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the unaudited financial results (Standalone and Consolidated) for the quarter and the half year ended September 30, 2026, along with the cash flow statement for that period, the statement of assets and liabilities as on that date and Limited Review report from the Statutory Auditors are enclosed herewith. Trading Window Re-open: The trading window, for trading in securities of the Company by Designated Persons, which remained closed w.e.f. October 01, 2026, will re-open on November 06, 2026. The special closure of trading window intimated by the Company vide its letter dated May 31, 2023, read with the outcome of Board Meeting dated August 06, 2026, will continue to remain closed for Directors, KMPs and specified Senior Management Personnel until informed otherwise. The Meeting commenced at 11.00 a.m. and concluded at 02:15 p.m. We request you to kindly take above on your record. T hank you, Yours Sincerely, For Hikal Limited Rajasekhar Reddy Company Secretary & Compliance Officer Enclosures: as above Hikal Ltd. Admin. Office: Great Eastern Chambers, 6th Floor, Sector 11, CBD Belapur, Navi Mumbai - 400 614, India. Tel. + 91–22–6277 0299, + 91–22–6866 0300 Regd. Office: 717/718, Maker Chambers - 5, Nariman Point, Mumbai - 400 021, India. Tel. +91-22 6277 0477. Fax: + 91-22 6277 0500 www.hikal.com info@hikal.com CIN: L24200MH1988PTC048028 12th Floor, The Ruby 29 Senapati Bapat Marg Dadar (West) SR BC&COLLP Mumbai -400 028, India Tel: +91 22 6819 8000 Chartered Accountants Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Hikal Limited 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Hikal Limited (the "Company") for the quarter ended September 30, 2026 and year to date from April 01, 2026 to September 30, 2026 (the "Statement") attached herewith, 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"). 1. 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. 2. 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. 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. 3. Based on our review conducted as 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 the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. SR BC & CO LLP, a Limited Liability Partnership with LLP Identity No. AAB·4318 Regd. Office: 22, Camac Street, Block 'B', 3rd Floor, Kolkata·700 016 SR BC & COLLP Chartered Accountants 4. We draw attention to note 3 to the Statement, as regards the uncertainty regarding outcome of investigations / actions by statutory authorities in relation to alleged non compliance with certain environmental laws and regulations. The matter is currently pending with the Hon'ble Supreme Court of India and no adjustments including consequential effects thereof are considered necessary in the financial results. Our conclusion is not modified in respect of the aforesaid matter. For S R B C & CO LLP Chartered Accountants ICAI Firm registration number: 324982E/E300003 Hemal Digitally signed by Hemal Dinesh Shah DN: cn=Hemal Dinesh Shah, c=IN, Dinesh Shaho=Personal Date: 2026.11.03 13:58:06 +05'30' per Hemal Shah Partner Membership No.: 110829 UDIN: 26110829DLUIED2754 Place: Mumbai Date: November 03, 2026 Page 2 of 2 Hll<AL Statement of unaudited standalone financial results for the quarter and half year ended 30 September 2026 Rs. In Million (Except for earning per share) Standalone Quarter ended Half year ended Year ended Particulars 30-Sep-26 30-Jun-26 30-Sep-25 30-Sep-26 30-Sep-25 31-Mar-26 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Income Revenue from operations Sale of products and services 4,311 3,998 3,162 8,309 6,875 16,952 Other operating revenue 31 30 23 61 114 174 Total revenue from operations 4,342 4,028 3,185 8,370 6,989 17,126 Other income 17 18 19 35 29 123 Total income 4,359 4,046 3,204 8,405 7,018 17,249 Expenses Cost of materials consumed 2,368 1,940 2,187 4,308 4,007 7,986 Changes in inventories of finished goods and wor1<-in-progress (255) (114) (924) (369) (876) (369) Employee benefits expense (refer note 4) 612 733 681 1,345 1,298 2,660 Finance costs 134 149 149 283 320 621 Depreciation and amortisation expenses 417 427 412 844 806 1,638 Other expenses 1,169 1,100 1,167 2,269 2,238 4,644 Total expenses 4,445 4,235 3,672 8,680 7,793 17,180 Profit/(Loss) before tax before exceptional item (86) (189) (468) (275) (775) 69 Exceptional item (refer note 5 and 6) 89 89 (851) Loss before tax after exceptional item (86) (100) (468) (186) (775) (782) Tax expense: -Current tax (refer note 7) (20) -Deferred tax (24) (25) (121) (49) (201) (275) Total tax expense (24) (25) (121) (49) (201) (295) Loss for the period (62) (75) (347) (137) (574) (487) Other comprehensive income Items that will not be reclassified to statement of profit or loss 9 2 (5) 11 (10) (32) Income tax relating to item that will not be reclassified to statement of (3) 1 (3) 2 8 profit or loss Other comprehensive [Showing first 8,000 characters — download PDF for full document]