Unaudited financial results for the quarter and half year ended 30th September 2026

LERTHAI FINANCE LIMITED (Formerly known as Marathwada Refractories Limited) (CIN: L65100KA1979PLC061580) Reg. Off. Address: Level 7, Mfar Greenheart, Manyata Tech Park, Hebbal Outer Ring Road, Bangalore, Venkateshapura, Bangalore North, Karnataka-560045 Website: lerthaifinance.com Email id: company@lerthaifinance.com Phone no. +91 80 4277 7800 11th November, 2026 BSE Limited The Calcutta Stock Exchange Limited Phiroze Jeejeebhoy Towers 7, Lyons Range Dalal Street Dalhousie Mumbai- 400001 Kolkata-700 001 Dear Sir(s): Subject: Un-audited Financial Results for the quarter and half year ended on 30th September, 2026 Ref: Lerthai Finance Limited Scrip Code: (i) BSE: 502250; (ii) CSE: 023106 Pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (the “Regulations”), we are enclosing herewith Un- audited financial results, along with limited review report, for the quarter and half year ended on September 30, 2026 which were reviewed by the Audit Committee and approved and taken on record by the Board of Directors of the Company at their meeting held on 11th November, 2026. Please take the above intimations on record and acknowledge the same. Thanking you, For Lerthai Finance Limited Sneha Khandelwal Company Secretary and Compliance Officer ACS: 55597 LERTHAI FINANCE LIMITED (CIN:L65100KA1979PLC061580) Registered Office: Level 7, Mfar Greenheart, Manyata Tech Park, Hebbal Outer Ring Road, Bangalore, Venkateshapura, Bangalore North, Karnataka-560045 Balance Sheet as at September 30, 2026 (Rs. In Lakhs) Particulars Amount as at Amount as at 30.09.2026 31.03.2026 (Unaudited) (Audited) ASSETS (1) Non-current assets (i) Property, plant and equipment 0.04 0.04 (ii) Other Intangible assets 0.01 0.04 (2) Financial Assets (i) Investments 329.84 311.99 Total Non current Assets 329.89 312.07 (3) Current assets (a) Financial Assets (i) Cash and Cash equivalents 651.58 694.80 (ii) Bank Balance other than (i) - - (b) Current Tax assets (net) 4.74 3.34 (c) Other Current Assets 2.53 0.62 Total Current Assets 658.85 698.76 Total Assets 988.74 1,010.83 EQUITY AND LIABILITIES (1) EQUITY (a) Equity share capital 70.00 70.00 (b) Other equity 889.11 899.77 Total Equity 959.11 969.77 (2) Non-Current liabilities (a) Deferred Tax Liability 20.46 18.16 Total Non- Current Liabilities 20.46 18.16 (3) Current liabilities - (a) Financial liabilities (i) Trade Payables - - Total Outstanding dues of Micro enterprises and Small enterprises 0.05 10.31 - Total Outstanding dues of creditors other than Micro enterprises and Small enterprises 8.89 11.93 (ii) Other Financial liabilities - - (b) Other Current Liabilities 0.23 0.66 Total Current Liabilities 9.17 22.90 Total Equity and Liabilities 988.74 1,010.83 For Lerthai Finance Limited Mr. Shao Xing Max Yang Chairman and Director DIN 08114973 Place: USA Date: 11/11/2026 LERTHAI FINANCE LIMITED (CIN:L65100KA1979PLC061580) Registered Office: Level 7, Mfar Greenheart, Manyata Tech Park, Hebbal Outer Ring Road, Bangalore, Venkateshapura, Bangalore North, Karnataka-560045 (Rs. In lakhs, except per equity share data) Quarter Ended Half Year ended Year ended 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Sr. No. Particulars Unaudited Unaudited Unaudited Unaudited Unaudited (Audited) 1 Income (a) Revenue from operations - - - - - - (b) Other Income 2 4.47 7 .37 16.27 31.84 26.87 28.61 Total Income 2 4.47 7 .37 1 6.27 31.84 26.87 28.61 2 Expenses (a) Employee benefits expense 0 .98 0 .98 0 .99 1.97 1.97 3.93 b) Finance costs - - - - - - (b) Depreciation and amortisation expenses 0 .00 0 .03 0 .09 0.03 0.17 0.34 (c) Professional Charges 1 1.69 21.12 12.94 32.81 25.63 52.97 (d) Other expenses 2 .99 2 .38 3 .72 5.37 6.41 11.01 i) Listing Fees 0 .97 0 .96 0 .96 1.92 1.92 3.84 ii) Advertisement & Publicity 0 .47 0 .22 0 .60 0.69 0.60 1.00 iii) Auditors Remuneration 1 .37 0 .97 1 .50 2.35 2.69 4.37 iv) Fair Value Gain on Investment (AIF) - - - - - - v) Rent 0 .08 0 .11 0 .30 0.20 0.59 1.18 vi) Travelling and conveyance - - - - - - vii) Others 0 .10 0 .11 0 .36 0.21 0.62 0.63 Total expenses 1 5.67 2 4.50 1 7.73 40.17 34.18 68.25 3 Profit/(Loss) before exceptional items and tax (1-2) 8 .80 (17.13) (1.46) (8.33) 698.76 (39.64) interest & exceptional items (1 - 2) 1,010.83 Loss from ordinary activities before finance costs and 4 exceptional Items (3+4) 8 .80 (17.13) (1.46) (8.33) 698.76 (39.64) 5 Finance costs - Loss from ordinary activities after finance costs but before exceptional items ( 5 - 6) 8 .80 (17.13) (1.46) (8.33) 899.77 (39.64) 4 Exceptional Items - - - - 5 Profit / (Loss) before tax (3-4) 8 .80 (17.13) (1.46) (8.33) 698.76 (39.64) 4 Exceptional Items - - - - 5 Profit / (Loss) before tax 1 5.67 2 4.50 1 7.73 (8.33) 698.76 (39.64) 6 Tax Expenses - (a) Current Tax - - - - (b) Deferred Tax 2 .31 (0.00) 1 .11 2.31 1.10 2.89 (c) Tax for earlier years - - - (0.03) 7 Net Profit/(Loss) after tax (5-6) 6 .49 (17.13) (2.57) (10.63) 697.66 (42.51) 8 Other Comprehensive Income (a) Items that will be reclassified to profit or loss in subsequent periods. - - - - - (b) Items that will not be reclassified to profit or loss in subsequent periods. - - - - - Total Other comprehensive Income (a)+(b) - - - - - 9 Total Comprehensive income (7+8) 6 .49 (17.13) (2.57) (10.63) 697.66 (42.51) Paid up Equity Share Capital (Face Value Rs.10/- Per 10 7 0.00 70.00 70.00 70.00 70.00 70.00 Share) 11 Reserve excluding revaluation reserve as per balance - - - - - - sheet of previous accounting year Earnings per share (of Rs.10/- each) (*not annualised) : * * * * * * a) Basic 0 .93 (2.45) (0.37) (1.52) (1.17) (6.07) b) Diluted 0 .93 (2.45) (0.37) (1.52) (1.17) (6.07) Notes The above unaudited financial results were reviewed by the Audit Committee & taken on record at the Board meeting of the Board of Directors of the Company held on 10th Aug 2026. In accordance with Ind AS 108 on "Operating Segments", the company operates in one business segment viz. Investment and hence segment information is not required to be furnished. 3 Previous year/period figures have been regrouped/rearranged wherever necessary. 4 Company's Investment in Category I Alternate Investment Fund(AIF) - Venture Capital Fund is valued at Fair Market Value as at 31st March 2026 based on the statement of account received from the Fund. 5 Figures for the last quarter are balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the current financial year. For Lerthai Finance Limited Mr. Shao Xing Max Yang Chairman and Director DIN 08114973 Place: USA Date: 11/11/2026 LERTHAI FINANCE LIMITED Statement of Cash Flow for the the quarter and half year ended 30th September 2026 (Rs. in lakhs) Particulars 30-Sep-26 31-Mar-26 Cash flow from operating activities Profit/(Loss) before Tax (8.33) (39.63) Profit/ (Loss) before Tax (8.33) (39.63) Non-cash adjustment to reconcile profit before tax to net cash flows Depreciation and amortization expense 0 .03 0.34 Write back - Provision - 0.03 Fair Value Gain on Investment (AIF) (17.85) 5.42 Interest income (13.99) (33.56) Other Income - - Operating Loss before working capital changes (40.14) (67.40) Movements in working capital : Increase/(decrease) in other current liabilities (0.43) 0.29 Increase/(decrease) in other Financial liabilities - - Increase/(decrease) in other payables - - Increase/(decrease) in Trade Payables (13.33) 3.55 Decrease/(increase) Non current Assets - - Decrease/(increase) in Trade Receivables - - Decrease/(increase) in Other financial assets - - Decrease/(increase) in Current Tax assets (1.38) 0.88 Decrease/(increase) in other current assets (1.92) (0.21) Cash generated from /(used in) operations (57.20) (62.90) Direct taxes paid (net of refunds) - (0.23) Net cash flow from/ (used in) operating activities (A) (57.20) (63.13) Cash flows from investing activities Inves [Showing first 8,000 characters — download PDF for full document]