Outcome of Board Meeting

PATEL RETAIL LIMITED c TRUST4 TOGET HE NESS Ref: PRL/BSE&NSE/2026-2027/56 Wednesday, November 4, 2026 To, To, Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Bandra Dalal Street, Fort, Kurla Complex, Bandra (East), Mumbai – Mumbai – 400 001. 400 051. Scrip Code: 544487 Symbol: PATELRMART Subject: Outcome of the Board Meeting of Patel Retail Limited held on Wednesday, November 4, 2026. Respected Sir/Madam, In furtherance to our intimation letter dated Friday, October 30, 2026 and pursuant to Regulation 30 read with Para A of Part A of Schedule III and Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), and other applicable provisions, if any, we hereby inform you that the Board of Directors of Patel Retail Limited (“the Company”), at its meeting held today, i.e. Wednesday, November 4, 2026, has, inter alia, considered, reviewed and approved the following matters:- 1. Unaudited Standalone Financial Results for the Second Quarter and Half-Year Ended September 30, 2026. Upon the recommendation of the Audit Committee, the Board of Directors considered, reviewed and approved the Unaudited Standalone Financial Results of the Company for the Second Quarter and half-year ended September 30, 2026, together with the Limited Review Report issued thereon by M/s. Kanu Doshi Associates LLP, Chartered Accountants, Statutory Auditor of the Company. 2. Revision in Remuneration of the Chairman and Managing Director, Whole-time Director, Key Managerial Personnel and Senior Management Personnel. The Nomination and Remuneration Committee and the Audit Committee, at their respective meetings held today, considered the proposed revision in remuneration of the following Relevant Persons: Page 1 of 2 PATEL RETAIL LIMITED c TRUST4 TOGET HE NESS a) Mr. Dhanji Raghavji Patel (DIN No. 01376164), Chairman and Managing Director; b) Mr. Bechar Raghavji Patel (DIN No. 02169626), Whole-Time Director; c) Mr. Rahul Dhanji Patel, Chief Executive Officer; d) Mr. Bharat Haribhai Patel, Chief Operating Officer and Key Managerial Personnel; e) Mr. Mahesh Haribhai Patel, General Manager, Retail and Senior Management Personnel. Based on the recommendation of the Nomination and Remuneration Committee and the approval of the Audit Committee, the Board of Directors considered and approved the proposed revision in remuneration of the aforesaid Relevant Persons with effect from September 1, 2026, subject to member’s approval. The meeting of the Board of Directors commenced at 03:30 P.M. (IST) and concluded at 05:25 P.M. (IST). You are requested to kindly take the above information on your records. Thanking you, Yours sincerely, For Patel Retail Limited Prasad Ramesh Khopkar Company Secretary Enclosures: 1. Unaudited Standalone Financial Results of the Company for the Second quarter and half year ended September 30, 2026, together with the Limited Review Report issued thereon by M/s. Kanu Doshi Associates LLP, Chartered Accountants, Statutory Auditor of the Company along with the Statement of Deviation or Variation pursuant to Regulation 32 of the SEBI LODR Regulations. Page 2 of 2 Kanu Doshi Associates LLP Chartered Accountants Independent Auditor's Review Report on Unaudited Quarterly 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 Patel Retail Limited (“Company”) 1. We have reviewed the accompanying statement of unaudited financial results of PATEL RETAIL 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 and in compliance with Regulation 33 of the Listing Regulations. 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 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: 26148916TPDBXP8995 Place: Mumbai Date: 04th 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 PATEL RETAIL LIMITED TU»I A TOGETHER&NLS CIN: L52100MH2007PLC171625 Plot. No. M-2, Udyog Bhawan No. 5, Anand Nagar, Additional MIDC, Ambernath (E) 421506 URL· www patelrpl in· P· 7391043825: E: cs@patelrpl net STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED ON 30TH SEPTEMBER, 2026 ( in lakhs) For The Quarter Ended Half Year Ended Year Ended September 30, September 30, September 30, September 30, Particulars June 30, 2026 March 31, 2026 2026 2025 2026 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1. Income Revenue from operations 29,860.47 30,953.51 22,244.41 60,813.98 40,489.83 104,832.93 Other income 234.90 70.00 298.78 304.90 372.71 1,096.50 Total Income 30,095.37 31,023.51 22,543.19 61,118.88 40,862.54 105,929.42 2. Expenses Cost of material consumed 9,826.57 12,504.99 8,087.71 22,331.56 15,350.79 40,166.09 Purchase of Stock-In-Trade 15,557.73 14,581.29 12,727.59 30,139.02 22,446.26 54,542.99 Changes in Inventories (552.93) (1,166.40) (2,957.63) (1,719.33) (5,594.95) (7,569.66) Employee Benefit Expenses 1,267.19 1,079.71 918.93 2,346.90 1,749.81 3,799.53 Finance Cost 249.83 249.55 288.62 499.39 671.98 1,230.02 Depreciation & Amortization Expenses 484.92 436.97 314.09 921.89 591.97 1,835.91 Other Expenses 1,940.87 2,055.50 1,811.90 3,996.36 3,367.49 6,682.50 Total Expenses 28,774.19 29,741.60 21,191.21 58,515.79 38,583.36 100,687.38 3. Profit before exceptional items and tax (1-2) 1,321.18 1,281.91 1,351.98 2,603.09 2,279.18 5,242.04 4. Exceptional items - - - - - - 5. Profit before tax for the [Showing first 8,000 characters — download PDF for full document]