Outcome of Board Meeting

PILANI INVESTMENT AND INDUSTRIES CORPORATION LIMITED CIN : L24131WB1948PLC095302 REGD. OFFICE : BIRLA BUILDING, 9/1, R. N. MUKHERJEE ROAD, KOLKATA-700001 Email : pilani@pilaniinvestment.com, TELEPHONE : 033 4082 3700 / 2220 0600, Website : www.pilaniinvestment.com 10th November, 2026 The Manager, The Manager (Listing) Listing Department BSE Ltd. National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers “Exchange Plaza”, Plot No. C/1, G Block Dalal Street, Bandra Kurla Complex, Bandra (East) Mumbai-400 001 Mumbai – 400 051 Sub: 1. Outcome of Board Meeting 2. Disclosure under Regulation 30, 33, 51, 52 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Ref: Scrip Code: NSE: PILANIINVS :: BSE: 539883:: ISIN: INE417C01014 Dear Sir, The Board of Directors have at their meeting held today i.e. 10th November, 2026, transacted, inter alia, the following items of businesses: - 1. Considered, approved and taken on record the Unaudited Financial Statements/Results (Standalone and Consolidated) of the Company for the quarter and half year ended 30th September, 2026. In this connection, we are pleased to enclose the followings: a) Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended 30th September, 2026; b) Limited Review Report of the Joint Statutory Auditors of the Company (Standalone and Consolidated) on the aforesaid results. The aforesaid Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September, 2026 were duly signed by the Director of the Company Shri Devendra Kumar Mantri (DIN No.: 00075664) who has been duly authorised by the Board of Directors of the Company for signing the financial results. 2. Subject to the approval of the Shareholders of the Company through Postal Ballot, approved for making donation to bona fide charitable and other funds in terms of Section 181 of the Companies Act, 2013, up to a limit of Rs. 15 crores (Rupees Fifteen Crores only) or five percent of the average net profits of the Company for the three immediately preceding financial years, whichever is higher, in any financial year. PILANI INVESTMENT AND INDUSTRIES CORPORATION LIMITED CIN : L24131WB1948PLC095302 REGD. OFFICE : BIRLA BUILDING, 9/1, R. N. MUKHERJEE ROAD, KOLKATA-700001 Email : pilani@pilaniinvestment.com, TELEPHONE : 033 4082 3700 / 2220 0600, Website : www.pilaniinvestment.com 3. Further, we would like to inform that Statement indicating the utilization of issue proceeds of Listed, Unsecured, Rated, Redeemable, Non-cumulative, Non-Convertible Debentures and material deviations, if any, under Regulation 52(7) and 52(7A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 is enclosed herewith as “Annexure A”. The meeting commenced at 4.00 P.M. IST concluded at 4.35 P.M. IST. You are kindly requested to take the same on record. Thanking you, Yours faithfully, For Pilani Investment and Industries Corporation Limited Company Secretary Encl: As above PILANI INVESTMENT AND INDUSTRIES CORPORATION LIMITED CIN : L24131WB1948PLC095302 REGD. OFFICE : BIRLA BUILDING, 9/1, R. N. MUKHERJEE ROAD, KOLKATA-700001 Email : pilani@pilaniinvestment.com, TELEPHONE : 033 4082 3700 / 2220 0600, Website : www.pilaniinvestment.com ANNEXURE -A Statement of utilization of issue proceeds of non-convertible securities and material deviations, if any, under Regulation 52(7) and 52(7A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 A. Statement of Utilisation of issue proceeds: Name of ISIN Mode of Type of Date of Amount Funds Any If 8 is Yes, Remarks, the Issuer Fund instrument raising raised utilized as deviation then if any Raising funds on 30th (Yes/ No) specify the (Public Septembe purpose for issues/ r, 2026 which the Private funds placement) were utilized 1 2 3 4 5 6 7 8 9 10 Pilani INE417C08019 Private Listed, 25.03.2026 INR 500 INR 500 No Not - Investment Placement Unsecured, Crores Crores Applicable and Rated, Industries Redeemable, Corporation non- Limited cumulative, Non – Convertible Debenture (“NCDs/ Debentures”) B. Statement of deviation/variation in use of issue proceeds: Name of the listed entity Pilani Investment and Industries Corporation Limited Mode of fund raising Private Placement Type of instrument Listed, Unsecured, Rated, Redeemable, non- cumulative, Non–Convertible Debenture (“NCDs/ Debentures”) Date of raising funds 25.03.2026 Amount raised INR 500 Crores Report filed for Quarter ended September 30, 2026 Is there a deviation/variation in use of funds raised No PILANI INVESTMENT AND INDUSTRIES CORPORATION LIMITED CIN : L24131WB1948PLC095302 REGD. OFFICE : BIRLA BUILDING, 9/1, R. N. MUKHERJEE ROAD, KOLKATA-700001 Email : pilani@pilaniinvestment.com, TELEPHONE : 033 4082 3700 / 2220 0600, Website : www.pilaniinvestment.com Whether any approval is required to vary the objects of the issue stated in the prospectus/offer document If yes, details of the approval so required Not Applicable Date of approval Explanation for the deviation/variation Comments of the Audit Committee after review No Comments Comments of the auditors, if any No Comments Objects for which funds have been raised and where there has been a deviation, in the following table Original Modified Original Modified Funds Amount of Remarks, Object Object, if Allocation Allocation Utilised Deviation/Variation if any any (Rs. in (Rs. in (Rs. in for the quarter Crores) Crores) Crores) according to applicable objects Not Applicable Deviation or variation could mean: a) Deviation in the objects or purposes for which the funds have been raised or b) Deviation in the amount of funds actually utilized as against what was originally disclosed. For Pilani Investment and Industries Corporation Limited Company Secretary Place: Kolkata Date: 10.11.2026 Maheshwari & Associates Agrawal Subodh & Co. Chartered Accountants Chartered Accountants 6A “Geetanjali”, 301, Victory House, 3" Floor, 8B, Middleton Street, 1, Ganesh Chandra Avenue, Kolka- t70a0 071 Kolkata - 700 013 Independent Auditors’ Review Report on review of Interim Standalone Financial Results To The Board of Directors, Pilani Investment and Industries Corporation Limited 1. We have jointly reviewed the accompanying Statement of Unaudited Standalone Financial Results of Pilani Investment and Industries Corporation Limited (“the Company”), for the quarter and half year ended September 30, 2026 (“the Statement”), being submitted by the Company pursuant to the requirements of Regulation 33 and Regulation 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 2. pCdT B rh oo ie a cnS d la o D sm gi e er An ne cat ec tn, t Arw ls lh , 1c h 3h a s cti es ib pnt te tgh he ee n tr Ap ie Io p nan a drs ir rdi ae eb .di Oi i nt to c hf c o st ptrh ohd me nea n FC tvi in yat ny h t Rs trh oue pM ea er xsn e eg sg sse n suim et e adi em ia r rs o u ndv ar ee tne rd hdm Se b on Sy eh p i mn aC ec co ni cm 3p top l ue oa bns fn y stl ia e’ ni ds ©on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review ofI nterim 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 Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of the Company’s personnel 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 [Showing first 8,000 characters — download PDF for full document]