Outcome of the Board Meeting held on 05th November 2026.

MINAL INDUSTRIES LIMITED CIN: L32201MH1988PLC216905 Registered office: 603- l Minal Co-Op Hsg So Ltd, Off Sakivihar Road, Andheri-East Mumbai - 400072 Tel No. 022: 40707070; Email Id: cmseepz@gmail.com; Website: www.minalindustrieslimited.in Date: 05th November, 2026 Department of Corporate Service (DCS-CRD), BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001 Subject: Outcome of Board Meeting held on Thursday, 05th November, 2026 pursuant to Regulation 30 & 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. Ref: Minal Industries Limited, Scrip Code: 522235 Pursuant to Regulation 30 & 33 read with Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and in continuation to our letter dated 31st October, 2026, about intimating the date of Board Meeting of Minal Industries Limited (“Company”), we would like to inform you that the Board of Directors of the Company in their meeting held today i.e. Thursday, 05th November, 2026 at the Registered Office of the Company have inter alia, considered, recommended, and approved the following matters: 1. Un-Audited Standalone and Consolidated Financial Results of the Company for the Quarter and Half year ended 30th September, 2026 along with Limited Review Report of the Statutory Auditors on the said Un-audited Financial Results. Pursuant to Regulation 30 and 33 of the SEBI (LODR) Regulations, 2015, we have enclosed Unaudited Standalone and Consolidated Financial Results of the Company for the Quarter and Half year ended 30th September, 2026 along with Limited Review Report issued by the statutory auditors of the Company and reviewed and recommended by the Audit Committee of the Company. We are arranging to publish the said Unaudited Financial Results in newspapers in the format prescribed under Regulation 47 of Listing Regulations. Board meeting’s commencement time: 03:15 PM Board meeting’s concluded time: 3:45 PM Kindly take the same on your record and acknowledge receipt of the same. Thanking you, Yours faithfully, FOR MINAL INDUSTRIES LIMITED SHRIKANT J. PARIKH MANAGING DIRECTOR DIN: 00112642 Encl. as above RHMODI&GO. 84, Janmabhoomi Marg, Office No. 4, 1st Floor, CHARTERED ACCOUNTANTS Fort, Mumbai - 400 001. (Regn No. 106486W) Phone : 022-66335362 I 40025362 Rajendra H. Modi Email.: carhmodi6l @yahoo.com B.com F.C.A. lndependent Auditor's Limited Review Report on Unaudited Standalone Financial Results of Minal lndustries Limited for quarterlv and half vear ended 30th September,2026 pursuant to the Regulation 33 of the SEBI (Listine Obligations and Disclosure Requirements) Reeulations. 2015, as amended The Board of Directors, Minal Industries Limited Mumbai We have reviewed the accompanying statement of unaudited standalone financial results of Minal lndustries Limited (the "Company") for the quarter ended and half year ended September 30, 2026 (the "statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20L5, as amended (the "Listing Regulations"). 2 The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in lndian Accounting Standard 34, (lnd AS 34)"lnterim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in lndia and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statemdnt"based on our review. 3 We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of lnterim Financial lnformation Performed by the lndependent Auditor of the Entity" issued by the lnstitute of Chartered Accountants of lndia. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is 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. C:j-i ,, 4 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 the recognition and measurement principles laid down in the aforesaid'lndian Accounting standards ('lnd A5') specified under section 133 of the companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in lndia, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement, Material Uncertainty Related to Going Concern We draw attention to Note No 4 of the statement regarding accumulated loss of th.e Company is Rs. 2324.81 lakhs. However, the Company financial result has been prepared on a going concern basis. The appropriateness of the said basis is subject to the Company adhering'to its continued efforts to strengthen its strategy, to expand its market, to increase its sales and eventually generate profit and availability of financial support from its promoters. Accordingly, the standalone financial statements of the Company have been prepared on a going concern basis. We have relied on the representations made to us by the management. Our opinion is not modified in respect of this matter Emphasis of matter a We draw attention to"NSte No 5 of the standalone financial statement which explains that interest income for the half year ended 30th september 2026 amounting to Rs. 62.68 lakhs, has not been accrued for loan given to the subsidiary Minal lnfojewels Limited since uncertainty exists for interest already accrued and pending realization till 30th September 2026 due to accumulated losses of the Subsidiary and have expressed its inability to pay interest till its financial condition improves. As explained to us, the management is in the process of identification of growth opportunities for the Subsidiary which will ultimately allow the Company to realise the aggregate interest and loan amount outstanding as at 30th September, 2026. tt lt 037 3 b. We draw attention to Note No 7 of the standalone financial statement which explains that the Company has continued with the creation of provision of Rs. 600 lakhs and Rs. 1200 lakhs for impairment in the value of its investments in equity shares of its subsidiary and loan taken from its subsidiary Minal lnfojewels Limited respectively for the quarter ended 30th September,2026. Our conclusion is not modified in respect of above matter FOR R H MODI and CO. CHARTERED ACCOUNTANTS Firm Registration No: 106486W M. No. 037643 t MUMBAI R.H. Modi PROPRIETOR Place : Mumbai Membership No.037643 Date: 5th NovEMBER ,2026 UDI N : 26037 643ZNBJZ\5422 RHMODI&GO. 84, Janmabhoomi Marg Office No.4, 1st Floor, CHARTERED ACCOUNTANTS Fort, Mumbai - 400 001. (Regn No. 106486W) Phone : 022-66335362 I 40025362 Email. : carhmodi6l @Yahoo.com Rajendra H. Modi B.com F.C.A. lndepenaent auAitor's port on Unaudited CoLrsotidated Financial. Results of Minat lndustries uarterty and half year ended 30th September,202opursuant to the Regutation 33 of the SEBI (Listing Obtigations and Disetosure Re_quirement-s) Re gu lat i on-s-20 15, a s-amentle d The Board of Directors M [Showing first 8,000 characters — download PDF for full document]