Outcome of the Board Meeting held on November 4, 2026 for approval of unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026

PIIL:SEC: NSE/BSE:57/2026-27 November 4, 2026 BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Department. Exchange Plaza, Plot No. C/1, G-Block Bandra Kurla PJ Towers, 25th Floor, Dalal Street, Complex, Mumbai 400 001 Bandra (East), Mumbai 400 051 Code No. 523642 Code No. PIIND Dear Sir/Madam, Sub: Outcome of Board Meeting In compliance with Regulation 30 read with Part A of Schedule Ill of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ), we hereby inform you that the Board of Directors ( the Board ) of the Company at its meeting held today i.e., November 4, 2026, has inter-alia, considered and approved the unaudited standalone & consolidated financial results of the Company for the quarter and half year ended September 30, 2026 pursuant to Regulation 33 of the SEBI Listing Regulations. A copy of the same along with the statement of assets and liabilities, cash flow statements, and limited review report by the Statutory Auditors are enclosed herewith as Annexure A. The meeting of the Board commenced at 02:00 p.m. (IST) and concluded at 07:00 p.m. (IST). We request you to kindly take the above on record. Thanking you, Yours faithfully, For PI Industries Limited Shruti Joshi Company Secretary & Compliance Officer Encl.: As above Registered Office: Pl Industries Limited Udaisagar Road, Udaipur - 313001, Rajasthan, India. Tel.: 0294 6651100, 2492451 55 I CIN: L24211RJ1946PLC000469 info@piind.com www.piindustries.com Annexure A Pl Industries Ltd. STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF-YEAR ENDED 30TH SEPTEMBER 2026 (In, Million) Quarter ended Half-Yearonded Ytartnded S.No Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited I Revenue from operations 15,335 15,989 17,526 31,324 35,217 61,827 II Other income 625 608 803 1,233 1,603 3,077 Ill Total Income (1+11) 15,960 16,597 18,329 32,557 36,820 64,904 IV Expenses Cost of materials consumed 7,597 6,285 8,390 13,882 15.456 27,888 Purchases of stock -in-trade 375 295 519 670 803 1,044 Changes In Inventories of finished goads, work In progress and (120) 440 (1,418} 320 (1,250} (2,830} stock-in-trade Employee benefit expense 1,695 1,754 1,500 3.449 3,147 6,238 Finance cost 19 23 9 42 25 74 Depreciation and amortisation expense 822 803 718 1,625 1.424 3,046 Net impairment losses on financial assets 34 36 49 70 130 246 Other expense 2,786 2,591 2.416 5,377 5,124 9,886 Total expenses 13,208 12,227 12,183 25,435 24,859 45,592 V Profit before exceptional Item and tax (Ill-IV) 2,752 4,370 6,146 7,122 11,961 19,312 VI Exceptional item gain/(loss) (Refer note 4) - - - - - (1,323} VII Profit after exceptional but before tax (V+VI) 2,752 4,370 6,146 7,122 11,961 17,989 VIII Income tax expense Current tax 452 719 1,091 1,171 2,lll 3,383 Deferred tax 229 236 149 465 422 367 Income tax of earlier years - - (5) - (126) (109) Total tax expense 681 955 1,235 1,636 2,407 3,641 IX Profit for the period/year (VII-Vlfl) 2,07'1 3,415 4,911 5,486 9,554 14,348 X Other comprehensive Income after tax (OCf) A Items that will not be reclassified to profit or loss Remeasurements gain/(loss) on defined benefits plans 15 14 8 29 16 56 Income tax relating to the above item (5) (5) (3) (10) (6) (20) B Items that will be reclassified to profit or loss Effective portion of gain/(loss) on cash flow hedges 67 572 (930) 639 (850) (2,228} Income tax relating to above items (23) (200) 325 (223) 297 779 Total other comprehensive lncame/(loss) for the 54 381 (600) 435 (543) (1,413) period/year XI Total comprehensive Income for the period/year (IX+X) 2,125 3,796 4,311 5,921 9,011 12,935 XII Paid-up equity share capital (Face value of, 1/-each (Previous Year, 1/-each)) 152 152 152 152 152 152 XIII Other equity excluding revaluation reserves as per bola nee 113,539 sheet XIV Earning per share• (In,) (a) Basic 13.66 22.50 32.36 36.16 62.97 94.57 (b) Diluted 13.66 22.50 32.36 36.16 62.96 94.56 See accompanying notes to the financial results t Actuals for the quarter and half-year. not onnuohsed Pl Industries Ltd STATEMENT OF STANDALONE UNAUDITED ASSETS AND LIABILITIES AS AT30TH SEPTEMBER 2026 (ln't'Mllllon) Asal .No Particulars 30.09.2026 31.03.2026 Unaudited Audited ASSETS Non-current assets Property, pion! ond equipment 32,029 31,332 Capitol work-in-progress 8,423 6,135 Goodwill 671 671 Other lntongible assets 451 279 Intangible asset under development 2,837 2,618 Financial ossets (i) Investments 23,257 19,290 (ii) Otherfinonciolossets 62 1,562 Current lox ossets 45 45 Other non-current assets 922 268 Total non-current assets 68,697 62,200 2 Current assets Inventories 10,357 10,502 Finonciol ossets (i) Investments 19,282 13,271 (ii) T rode receivables 12,481 13,558 (Iii) Cosh and cosh equivalents 2,523 2,158 (iv) Bonk balances other than (iii) above 13,096 17,730 (v) Loons 13 14 (vi) Other finonciol assets 190 352 Contract assets 7,037 6,983 Other current assets 2,881 2,918 Total current assets 67,860 67,486 Total assets 136,557 129,686 II EQUITY & LIABILITIES Equity Equity shore capitol 152 152 Other equity 117,941 113,539 Total equity 118,093 113,691 2 Liabilities Non-current liabilities Finonciol Liabilities (i) Lease liabilities 371 435 (ii) Other finonciol liobilities 926 1,363 Provisions 107 138 Deferred tax liabilities (Net) 838 140 Total non-current liabilities 2,242 2,076 Current liablllties Financial liabilities (i) Lease liabilities 204 214 (ii) Tr ode poyobles o) totol outstonding dues of micro enterprises ond small enterprises 705 697 b) totol outstanding dues other than (ii) (a) above 9,404 7,798 (iii) Other finonciol liobilities 4,372 4,147 Provisions 354 314 Current tox liobilities 370 49 Other current liobilities 813 700 Total current liabilities 16,222 13,919 Total liabilities 18,464 15,995 Total equity and liabilities Plln ustries Ltd. STATEMENT OF STANDALONE UNAUDITED CASH FLOWS FOR THE HALF-YEAR ENDED 30TH SEPTEMBER 2026 (In" Million) PARTICULARS Half-Year ended Half-Year ended September 30, 2026 September 30, 2025 A. CASH FLOW FROM OPERATING ACTIVITIES Profit before tax 7,122 11,961 Adjustments for:- Depreciation ond amortisation expense 1,625 1,424 Finance cost 42 25 Net Impairment losses on financial assets 70 130 Provision for advances 36 2 Interest Income on financial assets ot amortised cost (762) (1,032) Unwinding of discount on security deposits (1) (2) Expense on employee stock option scheme - 2 Loss on sole/retirement of property, plant & equipment (net) 9 - Net gain on financial assets measured ot fair value through profit or loss (365) (317) Unrealised (goin)/loss on foreign currency transactions (net) 164 (248) Operating profit before working capital changes 7,940 11,945 (Increase)/ Decrease in trade receivables 752 {1,697) (Increase)/ Decrease in loons 20 (41) (Increase)/ Decrease in contract assets {54) {4,512) (Increase)/ Decrease in other current financial assets 193 (43) (Increase)/ Decrease in other non-current financial assets (2) - (Increase)/ Decrease in other current assets {l) (8) (Increase)/ Decrease in other non-current assets {54) 4 (Increase)/ Decrease in inventories 145 {2,035) Increase/ (Decrease) in current provisions ond trade payables 1,511 1,124 Increase/ (Decrease) in non-current provisions (3) 47 Increase/ (Decrease) in other current finonciol liobilities 600 309 Increase/ (Decrease) in other non-current finonciol liobilities 15 10 Increase/ (Decrease) in other current liabilities 113 52 Cash generated from operations 11,175 5,155 Income taxes poid (Net of refunds) (846) {1,722) Net cash Inflow from operating activities (A} 10,329 3,433 B. CASH FLOW FROM INVESTING ACTIVITIES Payments for property, plant & equipment including capitol {5,870) {3,947) work-in-progress, intangible assets ond capitol advances Proceeds from sole of property, plant & equipment 47 13 Payment for purchase of investment i [Showing first 8,000 characters — download PDF for full document]