Outcome of the Board Meeting held on 06th November 2026 attached herewith.

www.vbdesai.com V.B. Desai Financial Services Limited Category | Merchant Banker- SEBI Reglslratlon No. INM 000002731 November 06, 2026 The Corporate Relations Department BSE Limited P.J. Towers, Dalal Street, Mumbai - 400 001 Dear Sirs, Sub: Outcome of Board Meeting held on 06" November 2026 Ref: Company Code No. 511110 This is to inform you that the Board of Directors of the Company at their meeting held on 06" November 2026, transacted and approved the un-audited Standalone Financial Results for the quarter ended on 30™ September 2026. The un-audited financial results and Limited audit report thereon as submitted by the Auditors of the Company are enclosed herewith. In terms of Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Auditors have given an unmodified opinion on the un-audited standalone financial results for the quarter ended 30" September, 2026. The meeting started at 11.30 am and ended at 12.20 noon. Kindly take the same on your record. Thanking you, Yours faithfully, mww@m Vianaging Director DIN: 00286291 Registered Office : Cama Building, 1st Floor, 24/26 Dalal Street, Fort, Mumbai 400 001 CIN: L74120MH1985PLC037218 Tel.: +91-22- 4077 0777 Web: www.vbdesai.com E-mail: info@vbdesai.com N.S. SHETTY & CO. CHARTERED ACCOUNTANTS Phone : 2623 1716, 2623 7669 Fax : 2624 5364 “Arjun” , Plot No. 6A, V.P. Road, E-mail : nsshetty_co@yahoo.com Andheri (W), Mumbai - 400 058 LIMITED REVIEW REPORT ON THE UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED ON 30* SEPTEMBER, 2026 Review Report To, The Board of Directors, V. B. Desai Financial Services Limited Mumbai 1 We have reviewed the accompanying statement of unaudited standalone financial results (‘the statement’) of V. B. Desai Financial Services Limited (‘the Company’) for the quarter and six month ended 30™ September, 2026 attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 2 The preparation of Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and other accounting principles generally accepted in India, is responsibility of the Company’s management and has been approved by the Board of Directors of the Company. Our responsibility is to issue a report on the Statements based on our review. 3 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. 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 the Standards on Auditing specified under Section 143(10) of the Act, 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. 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 applicable Indian Accounting Standards (‘Ind AS’) prescribed under section 133 of the Companies’ Act, 2013 read with relevant rules issued thereunder and other recognized accounting practices and polices has not disclosed the information required to be dlsclosed 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. For N S Shetty & Co Chartered Accountants FRN: 110101W 725&«/#” . Rohit Shetty Partner Membership No.:135463 Place: Mumbai Date: 06 | \2o2e UDIN: 26 (361 £ 35 TRTAWDA%D