Financial Results

NITCO TILES MARBLE MOSAICO NITCO/SE/2026-27/48 November 03, 2026 Corporate Service Department The Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai – 400 051 Mumbai – 400 001 Script code: NITCO Script code: 532722 Subject: Outcome of the Board Meeting of NITCO Limited (“the Company”) held today, i.e. Tuesday, November 03, 2026 Dear Sir/Madam, Pursuant to Regulations 30, 33 and 23 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Listing Regulations”), read with Part A of Schedule III to the Listing Regulations, we hereby inform that the Board of Directors of the Company, at its meeting held today, i.e. Tuesday, November 03, 2026 has, inter- alia transacted the following businesses: 1. Considered and approved the Unaudited (Standalone and Consolidated) Financial Results for the quarter and half year ended September 30, 2026 (Q2). A copy of the Unaudited (Standalone and Consolidated) Financial Results, notes thereto along with the Limited Review Report thereon issued by M/s. M M Nissim & Co LLP, Chartered Accountants, the Statutory Auditors of the Company, for the quarter and half year ended September 30, 2026 (Q2), is attached herewith. The aforesaid results were reviewed by the Audit Committee and subsequently, approved and taken on record by the Board of Directors of the Company at their respective meetings. 2. Based on the recommendations of the Audit Committee, the Board has approved subject to the approval of the shareholders of the Company, the subsequent increase in material related party transactions with M/s. Authum Investments & Infrastructure Limited (“Authum”), a related party, for a period of one year from the date of approval by the Members. 3. The Board has approved the Notice of Postal Ballot for seeking approval of the shareholders of the Company by way of a special resolution on the following matter: a. Approval of subsequent increase in material related party transaction entered into with Authum. Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, ■ Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: investorgrievances@nitco.in Website: www. nitco.in NITCO TILES MARBLE MOSAICO The Postal Ballot process will be conducted through remote e‐Voting facility provided by National Securities Depository Limited (“NSDL”). The cut-off date for the purpose of reckoning the Members for sending out the Postal Ballot Notice electronically and for the purpose of e- Voting shall be, Tuesday, November 17, 2026. The Meeting of Board of Directors of the Company commenced at 12:30 P.M. and concluded at 2:00 P.M. Kindly take the above information on your records. Thanking You, Yours Sincerely, For NITCO Limited Arihant Kothari Company Secretary & Compliance Officer Membership No.: A81823 Encl: A/a Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, ■ Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: investorgrievances@nitco.in Website: www. nitco.in CA co M M NISSIM & LLP Regd. Office : Barodawala Mansion, B-Wing, 3rd Floor, 1No~ CHARTERED ACCOUNTANTS 81, Dr. Annie Besant Road, Worli, Mumbai -400 018. Tel. +91 22 6987 9900 3511 3710/23/25/28 LLPIN AAT -7548 Website www.mmnissim.com Independent Auditors' Limited Review Report on the Unaudited Consolidated Financial Results of the Company for the Quarter and Half Year ended on 30th September 2026 Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Review Report to The Board of Directors of Nitco Limited . 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Nitco Limited (the 1Holding Company') and its subsidiaries (including Limited Liability Partnership ("LLP") (Holding Company, its Subsidiaries together referred to as the 'Group') for the quarter and half year ended on 30th September 2026 ("Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('the Regulation1 as amended (the 11Listing Regulations11 2. This Statement, which is the responsibility of the Company's Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the IND AS 34 1Interim Financial Reporting', prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to issue a report on the financial results based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410, 1Review of Interim Financial Information Performed by the Independent Auditor of the Entity1 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 results 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 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. We also performed procedures in accordance with the circular No CIR/ CFD/ CMDl/44/ 2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing regulations, to the extent applicable. CA co M M NISSIM & LLP Continuation Sheet ....... . INDJ CHARTERED ACCOUNTANTS 4. The Statement includes the results of the following: A. Subsidiaries: i. Nitco Realities Private Limited ii. Rejoice Realty Private Limited Norita Investments Private Limited 111. iv. Reliant Properties and Realty LLP-Limited Liability Partnership B. Step Down Subsidiaries: i. Maxwealth Properties Private Limited ii. Meghdoot Properties Private Limited iii. Roaring Lion Properties Private Limited iv. Feel Better Housing Private Limited v. Quick Solutions Properties Private Limited vi. Silver Sky Real Estates Private Limited vii. Opera Properties Private Limited viii. Ferocity Properties Private Limited ix. Glamorous Properties Private Limited x. Nitco IT Parks Private Limited xi. Nitco Aviation Private Limited xii. Aileen Properties Private Limited xm. Quick Innovation Lab Private Limited xiv. Recondo Limited 5. 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 applicable accounting standards, as notified under the Companies (Indian Accounting Standards) Rules, 2015 as specified in Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder 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. Emphasis of Matters 6. We draw attention to certain other matters and its consequential impact, if any, on the results including their presentation/ disclosure: i. Refer Note 3 to the financial results, which describes the Joint Development Agreement ("JDA") entered into by the Holding Company for the [Showing first 8,000 characters — download PDF for full document]