Outcome of Board Meeting

~ICE MAKE November 5, 2026 National Stock Exchange of India Limited Exchange Plaza, Plot No. C / 1, G Block, Bandra Kurla Complex – Bandra (E) Mumbai – 400051 NSE Symbol: ICEMAKE Subject: Outcome of the Board Meeting – November 5, 2026 Reference: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir, We would like to inform you that the Board of Director of the Company at its meeting held today, has interalia considered, approved and taken on record the Unaudited Financial Statements (Standalone and Consolidated) of the Company for quarter ended on September 30, 2026 as recommended by the Audit Committee. Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the following: 1) Statement Showing the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended on September 30, 2026; 2) Limited Review Report on Financial Results – for the quarter ended on September 30, 2026 (Standalone and Consolidated); The Meeting of the Board of Directors was commenced at 11.00 a.m. and was concluded at 15:00 p.m. Kindly take the same on records. Thanking you. Yours faithfully, For Ice Make Refrigeration Limited Mandar Desai Company Secretary & Compliance Officer ICE MAKE REFRIGERATION LTD. AN ISO 9001 : 2015, ISO 14001 : 2004, BS OHSAS 18001 : 2007, CRISIL & CE CERTIFIED COMPANY Commercial & Industrial Refrigeration Equipment Manufacturer Office : B/1, Vasupujya Chambers, Income Tax Cross Road, Ashram Road, Ahmedabad – 380014. Phone: +91-79 - 2754 0630 Telefax : +91-79-2754 0620 Factory: 226, Dantali Industrial Estate, Gota-Vadsar Road, At: Dantali, Ta: Kalol, Dist: Gandhinagar - 382721 (Gujarat) Phone: +91 9879107881 / 84 Fax: +91-2764-248376 Email: info@icemakeindia.com, Website : www.icemakeindia.com C.I.NO: L29220GJ2009PLC056482 ICE MAKE REFRIGERATION LIMITED Statement of Unaudited Consolidated Financial Results for the quarter and half year ended 30th September, 2026 (Rs. In Lakhs except EPS) QUARTER ENDED HALF YEAR ENDED YEAR ENDED 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 20,737.96 17,888.44 14,748.89 38,626.40 25,899.03 66,819.59 II Other Income 33.80 10.61 8.77 44.41 21.65 72.35 Ill Total Income (1+11) 20,771.76 17,899.05 14,757.66 38,670.81 25,920.68 66,891.94 IV Expenses (a) Cost of materials consumed 15,411.64 14,681.11 10,318.19 30,092.75 18,939.83 49,437.21 - - - (b) Purchases of stock•ln•trade (c) Changes in inventories of finished goods and work-in-process (249.91) (1,157.22) 298.38 (1,407.12) (625.16) (2,041.47) (d) Employee Benefits Expenses 873.81 1,018.27 794.56 1,892.08 1,582.84 3,661.72 (e) Finance Costs 362.57 326.86 273.34 689.43 502.10 1,259.15 (f) Depreciation and amortization expenses 210.46 205.31 420.09 415.77 828.35 1,706.16 (g) Other expenses 3,790.62 3,047.68 2,376.11 6,838.30 4,S99.64 11,230.35 Total expenses (IV) 20,399.19 18,122.00 14,480.66 38,521.20 25,827.58 65,253.10 V Profit/ (Loss) before exceptional items and tax (Ill-IV) 372.57 (222.95) 277.00 149.62 93.10 1,638.84 VI Exceptional items - - - - VII Profit/ (Loss) Before Tax (V • Vt) 372.57 (222.95) 277.00 149.62 93.10 1,638.84 VIII Tax expense : a) Current Tax 43.76 - 43.76 446.60 b) Deferred Tax Liability/ (Assets) 101.86 (57.70) 30.87 44.16 (6.13) (20.72) c) Adjustment of Tax for Earlier Years 0.07 Total Tax Expenses (VIII) 101.86 (S7.70) 74.63 44.16 37.63 425.96 IX Profit/ (Loss) for the period from continuing operations (VII-VIII) 270.71 (165.25) 202.37 105.46 55.47 1,212.88 X Profit/ (Loss) from discontinuing operations before Tax - - XI Tax Expense of discontinuing operations XII Profit/ (Loss) from discontinuing operations XIII Profit/ (Loss) for the period 270.71 (165.25) 202.37 105.46 55.47 1,212.88 XIV Other Comprehensive Income: i) Items that will not be reclassified to profit or loss a) Remeasurements of the defined benefit plans (2.50) (2.60) (2.60) (5.10) (5.10) 43.29 Income tax relating to items that will not be reclassified to profit 0.63 0.65 0.65 1.28 1.28 (10.89) b) or loss xv Total comprehensive income for the period (XIII+ XIV) 268.84 (167.19) 200.43 101.64 51.65 1,245.27 XVI Profit/(Loss) attributable to: -Owners of the company 273.21 (163.56) 202.69 109.65 60.44 1,219.08 -Non-controlling Interests (2.50) (1.69) (0.32) (4.19) (4.97) (6.20) XVII Other comprehensive income attributable to: • Owners of the company (1.87) (1.95) (1.95) (3.82) (3.82) 32.39 • Non-controlling interests XVIII Total comprehensive income attributable to: • Owners of the company 271.34 (165.51) 200.75 105.83 56.62 1,251.48 -Non-controlling Interests (2.50) (1.69) (0.32) (4.19) (4.97) (6.20) XIX Paid up equity share capital (face value of Rs. 10 per share) 1,814.73 1,577.97 1,577.97 1,814.73 1,577.97 1,577.97 xx Other equity - 11,720.97 Earnings per share (of Rs. 10/· each) (for continuing operations) (not annualised): Basic 1.60 (1.04) 1.28 0.64 0.38 7.73 Diluted 1.60 (1.04) 1.28 0.64 0.38 7.73 Earnings per share (of Rs. 10/· each) (for discontinued operations) (not annualised): - - - - Basic Diluted Earnings per share (of Rs. 10/· each) (for discontinued & continuing operations) (not annualised): Basic 1.60 (1.04) 1.28 0.64 0.38 7.73 Diluted 1.60 (1.04) 1.28 0.64 ..,0-.,;!8: ~ 7.73 n M IE IE a ]"D@ ll.DMD"if' [D) ~y\<• \l,!;'-9~ AN ISO 9001: 2015, ISO 14001: 2015 & ISO 45001: 2018 CERTIFIED COMPANY ((~, ~,I Commercial & Industrial Refrigeration Equipment Manufacturer ~ .~~jo'z'j / Registered Office/ Mailing _Address: Q B/1, Ground Floor, VasupuJya Chambers, Nr. Income Tax Cross Road, Ashram Road, Ahmedabad-380 014, Gujarat -India. 8 +91-79-27540630 l O • Corporate Office/ Plant Address: Q 226-227, Dantali Industrial Estate, Gola -Vadsar Road, Nr. Ahmedabad City, At: Dantali, Ta. : Kaloi, Dist. : Gandhinagar -382721, Gujarat -India. 2 +91 9879107881 / 884 IBl info@icemakeindia.com I® www.icemakeindia.com C.I.NO : L29220GJ2009PLC056482 NOTES:- The above unaudited consolidated financial results have been reviewed by the Audit Committee and thereafter approved by the Board of Directors of the Company In their respective meetings held on November OS, 2026. 2 The statutory auditor have carried out "Limited Review" of the financial result for the quarter ended September 30, 2026 as per regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 201S. 3 The Company operates in a single segment and in line with Ind AS 108 -"Operating Segments", the operations of the Company fall under "Manufacturing of Cold Rooms, Freezer, Refrigeration System, Chilling Plants, etc." which Is considered to be the only reportable business segment. 4 The company has one wholly owned subsidiary M/s. Bharat Refrigerations Private Limited and another subsidiary company In the name of M/s. Ice best Private Limited with the company having 60% share in the said subsidiary. The consolidated results include results of wholly owned subsidiary M/s Bharat Refrigerations Private Limited and M/s lcebest Private Limited. 6 During the period, the Company allotted 23,67,S73 equity shares on a preferential basis on 10th September 2026, in accordance with the applicable provisions of the Companies Act, 2013 and SEBI (ICDR) Regulations, 2018. 7 During the period, the Company entered Into a Joint Venture Agreement with Galilel Holdings Limited on 24th July 2026 and incorporated a joint venture company, Ice Make Horeca Private Limited, in which the Company holds 40% equity stake, pursuant to which Ice Make Horeca Private Limited became an Associate of the Company. The Joint Venture Company has not commenced operations during the reporting period and accordingly, no financial impact arising from its operations has been recognised in the consolidated financial results for the half year ended 30th September 2026 8 Effective 1 April 2026, the [Showing first 8,000 characters — download PDF for full document]