Unaudited Standalone and Consolidated Financial Results for the Half-Year Ended September 30, 2026 together with Limited Review Report.

November 05, 2026 The Manager, Listing Department, BSE Limited P J Towers, 1st Floor, Dalal Street, Mumbai- 400001 Scrip Code – 543391 Dear Sir/Madam, Sub: Outcome of Board Meeting held on Thursday, November 05, 2026 Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") Pursuant to the provisions of Listing Regulations, we would like to inform you that the Board of Directors of Suyog Gurbaxani Funicular Ropeways Limited (“the Company”), at its Meeting held today i.e. Thursday, November 05, 2026, considered and approved the Unaudited Financial Results (Standalone & Consolidated) of the Company for the half year ended September 30, 2026 along with Limited Review Report issued by the Statutory Auditors of the Company. Copies of the same are enclosed herewith. The Board meeting today commenced at 11:30 a.m. (IST) and concluded at 4:00 p.m. (IST) The aforesaid intimation is also being hosted on the website of the Company at https://sgfrl.com. We request you to take the same on record. Thanking you, Yours faithfully, For Suyog Gurbaxani Funicular Ropeways Limited Ameya Bodas Company Secretary & Compliance Officer Regel. ornce : No 507, Lotus Business Park. Ram Baug Lane Aniket l{ulkarni & Associates O[f S.V. Road, Malad West, Mumbai 400 064. Tel: 22 4014 8258 Email: aniketklk@gmail.com Chartered Accountants www.aniketkulkarni.com Limited Review Report on the Unaudited Consolidated Financial Results of the Company for the half year ended on September 30, 2026 pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Review Report to, The Board of Directors, SUYOG GURBAXANI FUNICULAR ROPEWAVS LIMITED Mumbai. We have reviewed the accompanying statement of Unaudited Consolidated Financial result of Suyog Gurbaxani Funicular Ropeways limited ("the Company"} and its share of the net profit/(loss) after tax for the half year ended on September 30, 2026 ("the statement"), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with relevant circulars issued by SEBI. This statement is the responsibility of the Company's Management and has been approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, {Ind. AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 1) We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information performed by the 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 analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed as audit and accordingly, we do not express as audit opinion. 2) Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement, prepared in all material respects in accordance with applicable Indian Accounting Standards ('Ind-AS') prescribed under Section 133 of the Companies Act 2013, as amended, read with relevant rules issued thereunder and other recognized accounting practices and policies has not disclosed the information required to be disclosed in term of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, read Scanned with OKEN Scanner with relevant circulars issued by SEBI, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Aniket Kulkarni & Associates Chartered Accountants Firm's Regn.No.-130521W CA Siddhant Shukla Partner Membership No. 630834 Date: 05th November 2026 UDIN: 26630834NVOPGU6532 a~ Scanned with OKEN Scanner SUYOG GURBAXANI FUNICULAR ROPEWAYS LIMITED CIN : L45203MH2010PLC200005 REGISTERED OFFICE: 18, SUYOG INDUSTRIAL ESTATE, lST FLOOR, LBS MARG, VIKROLI (W), MUMBAI· 400083 (M.S.) WEBSITE : www.sgfrl.com ; Email : sgfrpl@gmail.com STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE HALF YEAR ENDED 30TH SEPTEMBER 2026 INR in Lacs, Except Earning per Shares Half Year Ended Year Ended Paticulars September 30, March 31, September 30, March 31, March 31, March 31, 2026 2026 2025 2025 2026 2025 Unaudited Audited Unaudited Audited Audited Audited I. Income from Operations (a) Revenue from Operations 2,223.66 2,260.35 2,718.79 3,019.80 4,979.13 5,300.85 (b) Other Income 22.58 30.40 0.00 0.94 30.40 1.17 Total Income 2,246.24 2,290.74 2,718.79 3,020.75 5,009.53 5,302.01 II. Expenses (a) Changes in Inventories 0.13 25.49 0.07 -439.41 25.56 234.37 (b) Employee Benefits Expenses 420.52 552.09 367.24 336.37 919.33 725.71 (c) Finance Costs 365.52 536.94 200.21 125.30 737.15 273.71 (d) Depreciation and Amortization 663.17 461.63 331.28 330.39 792.91 660.31 (e) Other Expenses 416.71 362.58 1,222.46 1,881.06 1,585.04 2,591.38 Total Expenses 1,866.04 1,938.73 2,121.26 2,233.71 4,059.99 4,485.47 Ill. Profit I (Loss) from operations before exceptional items and tax I I· II ) 380.20 352.02 597.53 787.03 949.54 816.54 IV. Exceptional Items 0.00 0.00 0.00 0.00 0.00 0.00 v. Profit Before Tax ( 111 ·IV) 380.20 352.02 597.53 787.03 949.54 816.54 VI. Tax Expenses (a) Current Tax 0.00 0.00 0.00 0.00 0.00 0.00 (b) Deferred Tax 276.30 394.45 -39.66 ·78.82 354.79 -52.59 VII. Profit/( Loss) for the period 103.90 ·42.43 637.18 865.85 594.75 869.13 from continuing operations ( V -VI ) VIII. Profit/( Loss) from discontinuing operations IX. Tax expenses of discontinuing operations x. Profit/( Loss) from discontinuing operations (after tax) I VIII· IXI ) XI. Profit/( Loss) for the period I VIII+ X) XII. Details of Equity Share Capital Paid-up equity share capital 2,486.22 2,486.22 2,486.22 2,486.22 2,486.22 2,486.22 Face value of equity share capital (in Rs.) 10.00 10.00 10.00 10.00 10.00 10.00 XIII. Earning per Equity shares (1) Basic earnings per equity share (in Rs.) 0.42 -0.17 2.56 3.48 2.39 3.50 (2) Diluted earnings per equity share (in Rs.) 0.42 ·0.17 2.56 3.48 2.39 3.50 NOTES: 1. The above Standalone results have been reviewed by Audit Committee and taken on record by the Board of Directors in their meeting held on November OSth, 2026. The Report of Statutory Auditors is being filed with the Bombay Stock Exchange and the same is available on Company's website. 2. The Company has been awarded the work to design, engineer, procure, finance, construct, operate and maintain Funicular Ropeway on Build, Operate & Transfer (BOT) basis at Saptashrungi Gad, Vani, Kalwan, Nashik, and to charge and collect the toll fees as per Concession Agreement dated 12.01.2010, executed with Government of Maharashtra, Public Works Department, and in the Managements Opinion this is the only segment and hence there are no seperate reportable segment as per AS-17 on "Segment Reporting". 3. Due to the ongoing construction work on the road leading to the temple, the temple remained closed for a cumulative period of 30 days during August and September. Consequently, sales during the said period were adversely affected, resulting in a reduction in the overall profit. 4. These results have been prepared in accordance with SEBI Listing Regulations and SEBI Circulars issued from time to time, applicable Accounting Standards and Companies Act 2013 read with the re [Showing first 8,000 characters — download PDF for full document]