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CHL LIMITED
CIN : L55101DL1979PLC0004%8
Rogd. Offce: Hotel The Suryaa, Community Centre,
New Frends Colory, New Delh- 110025
E-mal: cs@chlcoin Websie: wwwkchlcoin
T +91-11.2683.5070, 4760-8080
F 911128836286, 4780-8081
The Asstt. General Manager 05" November 2026
Bombay Stock Exchange Limited
25" Floor, P J Towers
Dalal Street
Mumbai 400 001
SCRIP CODE 532992
Sub: Un-audited Financial Results as on 30" September, 2026
Dear Sir,
Please find enclosed herewith Unaudited Financial Results for the Second Quarter and Half-Year
ended on 30" September, 2026 which has been taken on record in the Board Meeting held on
05.11.2026 along with Limited Review Report (Standalone and Consolidated) pursuant to the
Listing Regulations.
Thanking You
Yours faithfully
For CHL Limited
Ayush Rai
Company Secretary & Compliance Officer
M.No. A61075
The Suryaa New Delhi —
(A Unit of CHL Limited) / |
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D G A & Co.
CHARTERED ACCOUNTANTS
Flat No. 49, Kala Vihar Apartments, Mayur Vihar Phase |
DELHI - 110091
Phone: 9811140013
E mail: devkagarwal@rediffmail.com
Independent Auditor’s Limited Review Report on Standalone Unaudited Quarterly Financial
Results of the Company pursuant to the Regulation 33 of the SEBI(Listing Obligations and
Disclosure Requirements) Regulation, 2015(as amended)
To the Board of Directors of CHL Limited
We have reviewed the accompanying statement of standalone unaudited financial results (the
Statement) of CHL Limited (the Company) for the Quarter ended on 30 September, 2026 and
the year-to-date results for the period 01.04.2026 to 30.09.2026, being submitted by the
company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulation, 2015(as amended), including relevant circulars issued by
the SEBI from time to time.
This statement is the responsibility of the Company’s Management and has been approved by the
Board of Directors and has been prepared in accordance with the recognition and measurement
principles laid down in IAS 34, Interim Financial Reporting (IND AS 34), prescribed under section
133 of the companies Act, 2013 (the Act), SEBI Circular CIR/CDF/FAC/62/2016 dated 05.07.2016,
and other accounting principles generally accepted in India. Our responsibility is to express a
conclusion on these financial statements based on our review.
We conducted our review of the Statement in accordance with the Standard on Review
Engagements (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 an audit and accordingly, we do not express an
audit opinion.
Emphasis of Matter
We draw attention to note no. 5 to the accompanying Statement, the loan from EXIM Bank availed
by CHL International, a subsidiary of the company, for which the company is a guarantor, is a
matter of litigation and cases have been filed by the EXIM Bank against the company which are
currently pending adjudication in Hon’ble Supreme Court of India and Debt Recovery Tribunal,
Delhi.
However, the EXIM Bank, the Principal Borrower and the Guarantors have entered into One Time
Settlement for an amount of Rs 34 million vide Exim Bank Approval letter dated 23.11.2023 and
vide judgement dated 12.12.2023 in Case No. 52/2023, the Economic Court of Dushanbe has
crystalized the liability against the borrowers/ guarantors to USD 34 Million. On the request of
company, the OTS has been extended from time to time but has its last extension has expired on
30.09.2026. The company has requested EXIM Bank to further extend the OTS but the same is
not extended till the date of signing our report.
Page 1 0f 2
The EXIM Bank on the basis of above One Time Settlement, has also filed separate applications in
the Pending Original Applications being Transfer Application No. 221 of 2022 titled as EXIM Bank
vs Dr. Lalit Kumar Malhotra and Transfer Application No. 224 of 2022 titled as EXIM Bank vs CHL
Limited before Debt Recovery Tribunal-lil, filed against the Personal and Corporate Guarantors
respectively, thereby bringing on record that settlement is under implementation.
Beside above, EXIM Bank's Civil Appeal bearing No. 1671 of 2019 is pending before Hon’ble
Supreme Court of India, challenging the judgement dated 16.01.2019 passed by the National
Company Law Appellate Tribunal (NCLAT), New Delhi, upholding the decision of Hon’ble NCLT,
Delhi, of dismissing the petition u/s 7 of IBC, 2016, of the EXIM Bank.
QOur conclusion on the Statement is not modified in respect of this matter.
Based on our review conducted as above, nothing has come to our attention that causes us to
believe that the accompanying statement of unaudited financial results prepared in accordance
with applicable accounting standards and other recognized accounting practices and policies has
not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in
which it is to be disclosed, or that it contains any material misstatement.
ForDGA&Co
Chartered Accountants
FRN; 003486N
D K Agarwal, FCA, Partner
Membership No.080355
DIN No.: 26080355VFRROH6077
Place: New Delhi
Date: 05.11.2026
Page 2 of 2
D G A & Co.
CHARTERED ACCOUNTANTS
Flat No. 49, Kala Vihar Apartments, Mayur Vihar Phase |
DELHI - 110091
Phone: 9811140013
E mail: devkagarwal@rediffmail.com
Independent Auditor’s Limited Review Report on Consolidated Unaudited Quarterly Financial
Results of the Company pursuant to the Regulation 33 of the SEBI(Listing Obligations and
Disclosure Requirements) Regulation, 2015(as amended)
To the Board of Directors of CHL Limited
1. We have reviewed the accompanying statement of consolidated unaudited financial results (the
Statement) of CHL Limited (“the Parent”) and its subsidiary (the Parent Company and its subsidiary
together referred to as “the Group”) for the Quarter ended on 30% September, 2026 and the year
to date results for the period 01.04.2026 to 30.09.2026, being submitted by the parent pursuant
to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulation, 2015(as amended), including relevant circulars issued by the SEBI from time to time.
2. This statement is the responsibility of the Parent Company’s Management and has been approved
by the Board of Directors and has been prepared in accordance with the recognition and
measurement principles laid down in IAS 34, Interim Financial Reporting (IND AS 34), prescribed
under section 133 of the companies Act, 2013 (the Act), SEBI Circular CIR/CDF/FAC/62/2016 dated
05.07.2016, and other accounting principles generally accepted in India. Our responsibility is to
express a conclusion on these financial statements based on our review.
3. We conducted our review of the Statement in accordance with the Standard on Review
Engagements (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 an audit and accordingly, we do not express an
audit opinion.
We also performed procedures in accordance with the circulars issued by the SEBI und
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