As attached

. ..... ..:. Valiant Communications Limited ·.~{fr~~~~:~.~~~;·:: (An ISO 9001:2015 and ISO 14001:2015 Certified Company) ::~?: VALIANT Regd. Office: 71/1, Shivaji Marg, New Delhi-110015, India Corporate Identity No. : L7 4899 DL 1993 PLC056652 I GSTIN : 07 AAAC V 4250G 1Z J ·:: •: ·; ·~.· •: ·•. ~ ·• .· C...O.... M.M..U.N. ICATIONS T: +91-11-4105 5601, 4105 5602, 4105 5603, 2592 8415, 2592 8416, 2541 0053 : F: +91-11-2543 4300, 4105 5604 E: admin@valiantcom.com I W: www.valiantcom.com Date: 05-11-2026 The Deputy General Manager Corporate Relationship Department BSE limited, Phiroze Jeejeebhoy Towers, 25th Floor, Dalal Street, Fort, Mumbai -400 001 BSE Scrip Code : 526775 Sub: Business Updates Dear Sir I Madam, Pursuant to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; and also in continuation of our erstwhile disclosures, please find attached herewith the business updates. This is for your information and record. Company Secretary Encl.: As above Q2 FY 2026-27 C Valiant Communications 2026-27 ABOUT US Valiant Communications Limited (VCL) is a global manufacturer of advanced communication, transmission, protection, synchronization, cybersecurity, and ransomware-resilient NAS/SAN data storage solutions — with successful deployments across more than 110 countries. Committed to the highest standards of quality and reliability, VCL holds certifications across ISO 9001:2015, ISO 10001:2018, ISO 14001:2015, ISO 27001:2022, ISO 45001:2018, and TL 9000 — underpinning a rigorous quality programme that ensures every product and solution meets the demands of mission-critical environments. VCL delivers comprehensive, end-to-end IT/OT (Information Technology and Operational Technology) solutions purpose-built for the world's most demanding sectors, including Power Utilities & SCADA, Oil & Gas, Railways, Airport Communications, Defence and critical infrastructure industries. Our Technology Journey From its origins in Digital Pair Gain Systems, PCM Multiplexers, and Optical Line Terminating Equipment (OLTE) in the late 1990s and early 2000s, VCL has evolved into a globally trusted supplier of mission-critical communications and technology solutions. Today, our portfolio spans the full spectrum of modern network infrastructure — from GPS/GNSS/NavIC synchronization, advanced grid protection systems, IP/MPLS Routing to cybersecurity and quantum-safe technologies: • Synchronization & Timing — GPS/GNSS/NavIC (Indian Regional Navigation Satellite System) Primary Reference Clocks (G.811), PTP 1588v2 Grandmaster, PTP Aware Switch / PTP Transparent Clock, PTP Slaves • Grid Protection & Monitoring — Teleprotection (Distance Protection), IEEE C37.94 Line Differential Protection, Phasor Measurement Units (PMU), GRID Islanding & WAMS Solutions • Transmission & Networking — IP/MPLS Routers, IP Multiplexers, SDH/PDH Multiplexers, EDFA Amplifiers, Ethernet Failover Systems • Network Resilience — Network Isolation (Kill Switch), Parallel Redundancy Protocol (PRP) Switches • Data Security & Storage — Ransomware-Resilient NAS/SAN Data Storage Servers • Next-Generation Security — Quantum-Safe Authentication & Encryption, Cybersecurity Products & Solutions • Unified Network Management — Unified Centralised Network Management Systems (UNMS) C Valiant Communications 2026-27 GLOBAL PRESENCE CERITIFICATIONS Who We Are • Founded in 1993, Valiant Communications Limited (VCL) is a specialist manufacturer of mission critical communication, transmission, protection, synchronization, cybersecurity, and ransomware-resilient NAS/SAN data storage solutions. • Global footprint spanning 110+ countries across six continents. • Offices in India, USA, UK, supported by a regional distribution network across 25 countries. Our Edge • Sustained in-house R&D enables cutting-edge technology at competitive price points — driving adoption across defence, power utilities, railways, oil & gas, and critical infrastructure sectors globally. Recognition & Compliance • Qualified as a ‘Class 1 Local Supplier’ under the Public Procurement (Preference to Make in India) Order, 2017. • ISO 9001:2015, ISO 10001:2018, ISO 14001:2015, ISO 27001:2022, ISO 45001:2018, and TL 9000 certified manufacturer of Communication, Transmission, Protection, Synchronization, NAS/SAN Data Storage, and Cybersecurity solutions. • Registered as a ‘Trusted Source’ by the National Security Council Secretariat (NSCS) as a manufacturer of telecom network products. Installations 110+ 3 25+ TRUSTED BY COUNTRIES GLOBAL DISTRIBUTORS NSCS WORLDWIDE OFFICES WORLDWIDE COMPETITIVE EDGE + + + Make In India Qualified ‘Class1 Home Grown Innovation Global Customer Local Supplier’ Technology Base Driven Base BUSINESS UPDATES REVENUE V. GROSS ORDER BOOK 12,388 Gross Order Book 10,195 a) In view of the strong momentum in the business 8,694 7,667 7,643 6,892 activities, the Management expects that Valiant is at a 6,420 significant growth track. 2,248 1,834 1,812 2,006 2,194 2,399 2,514 2,329 1,602 b) Revenue V. Gross Order Book 1,360 1,268 1,271 Q2-2425 Q4-2425 Q2-2526 Q4-2526 Q2-CY Forthcoming Business Gross Order Book Advanced Opportunities + L1 Status + + Opportunities (confirmed) (approx)* (estimated) ₹ 12,388 ₹ 350+ ₹ 3,300+ ₹ 19,000+ *It refers to the opportunities at an advance level with the other Large Bidders/ System Integrators from the private sectors and includes tenders for which the bidding is completed, but outcome is awaited. Note: 1. All figures are in INR Lacs. 2. All above figures include direct or indirect business opportunities for Valiant, its wholly owned subsidiaries or its business partners (for Valiant’s portion only). 3. Save for the Gross Order Book (confirmed), all other figures may change on account of various factors, including but not limited to tender outcomes, bidding results, scope revisions, cancellation/retendering and other business developments. The same are provided for information purposes only and should not be construed as confirmed orders. 4. In the light of the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025 read with Industry Standards on Regulation 30 of the SEBI Listing Regulations, prescribed by the Industry Standards Forum, the broad consideration or size of the order(s) / contract(s) is reported on gross basis i.e. inclusive of applicable indirect taxes. Business Updates: Q2-FY2026-27 KEY HIGHLIGHTS at Standalone Level (in ` Lacs) Performance commentary – Standalone (y~o~y) Particulars H1-CY2026-27 Q2-CY2026-27 Revenue Revenue grew 27% to 4,843 from 3,818. Revenue grew 16% to 2,329 from 2,006. EBITDA rose 59% to 2,248 from 1,409, with margin expanding to EBITDA rose 46% to 1,085 from 742, with margin expanding to 46.58% from EBITDA 46.41% from 36.91%. 36.98%. PBT PBT rose 65% to 2,078 from 1,263. PBT rose 50% to 998 from 667. PAT PAT rose 64% to 1,554 from 945. PAT rose 49% to 746 from 499. During Q2 FY2026-27, scheduled equipment deliveries against certain orders were deferred because of global supply chain disruptions affecting key electronic components. These deliveries are expected to be executed in the coming quarters. Given the nature of our industry, some quarter-to-quarter variability is normal, and historically it has evened out over the financial year. Margins improved significantly at every level during the quarter, and with a confirmed order book, we expect revenues to catch up over the rest of the year, and forthcoming quarters. Business Updates: Q2-FY2026-27 FINANCIAL PERFORMANCE at Standalone Level (in ` Lacs except EPS) Quarterly financial highlights Quarterly revenue Particulars Q2-CY2026-27 Q2-PY2025-26 Revenue 2,329 2,006 2,514 2,399 2,329 EBITDA$ 1,085 742 2,194 2,006 PBT 998 667 1,812 1,602 PAT 746 499 1,360 1,268 EPS Basic (in `) 6.38 4.36 EPS Diluted (in `) 6.31 4.36 EBITDA margin (%) 46.58% 36.98% $EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortisation includes Other Income. Q2 [Showing first 8,000 characters — download PDF for full document]