Outcome of Board Meeting

@ISPF Carrying forward a tradition of trust BSE Limited National Stock Exchange of India Ltd Corporate Relationship Department, Listing Department, P. J. Tower, Dalal Street, Exchange Plaza, Plot no. D I, G Block, Mumbai -400001 Bandra-Kurla Complex, Sandra (EF), Mumbai - 400051 SCRIP CODE: 511194 SYMBOL: ICDSLTD Dear Sir/ Madam, Sub: Outcome of Board Meeting - Intimation under Listing Regulations 2015. In terms of provisions of Regulation 30 (read with para A of schedule Ill) and Regulation 33 of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015, as amended, this is to inform you that the Board of Directors at its Meeting held today approved unaudited standalone and consolidated financial results of the Company prepared as per Indian Accounting Standard (Ind-AS) for the quarter /half year ended September 30, 2026. A copy of the said unaudited financial results together with relevant limited review reports for standalone and consolidated financial results are enclosed. The meeting commenced at 3.30 p.m. and concluded at 4.30 p.m. You are requested to kindly take the above information on your records. Thanking you, Yours faithfully, Sujir Prabhakar Chairman & Managing Director (DIN 02577488) 11% November, 2026 Manipal 2) & en : Sqo.d OOwW Regd. and Admn. Offices : Syndicate House, P.B. No. 46, Upendra Nagar, Manipal - 576 104. Mobile : 7411941500 - 505 Website : www.icdslimited.com CIN : L65993KA1971PLC002106 GSTIN : 29AAACI4355H1ZI E-mail : info @icdslimited.com CHATURVEDI E43 SHAH ... Chartered Accountants Independent Auditor’s Review Report on Unaudited Consolidated Financial Results of tH Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors ICDS Limited 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of ICDS Limited (“the Holding Company”) and its subsidiary (the Holding Company and its subsidiary together referred to as “the Group”) for the three months and six months period ended September 30, 2026 along with the statement of assets and liabilities and explanatory notes thereon (‘the Statement’), being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘the Listing Regulations’). 2. This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, as amended and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement 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 Statement is free of material misstatement. 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 Standards on Auditing 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. We also performed procedures in accordance with the Circular No. CIR/CFD/CMD1/44/2019 dated March 29,2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of its wholly owned subsidiary company ‘Manipal Properties Limited’ for the three months and six months period ended September 30, 2026. 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditor referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (‘Ind AS’) specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Contd... 2 “4c << Head Office: 912, Tulsiani Chambers, 212, Nariman Point, Mumbai - 400 021, India, Tel: SBX2GAYG8S500 » Fax: +91 22 4163 8595 URL: www.cas.ind.in CHATURVEDI £23 SHAH. Chartered Accountants 2 = bal 6. We did not review the financial results of the wholly owned subsidiary included in the unaudited consolidated financial results, whose unaudited financial results reflect total revenues of Rs. 51.87 Lakhs, total net profit after tax of Rs. 32.72 Lakhs and total comprehensive income of Rs. 32.72 Lakhs for the six months period ended September 30, 2026 respectively, as considered in the Statement. These financial results have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement in respect of this matter is not modified with respect to our reliance on the work done and the reports of the other auditors. for Chaturvedi & Shah LLP Chartered Accountants Firm Registration Number: 101720W/W100355 / Kx N Lalit R Mhalsekar \ = Partner Membership No.: 103418 UDIN: 26103418AQEDLS4153 Place: Mumbai Date: November 11, 2026 Continuation sheet... ICDS LIMITED Regd.Office: Syndicate House, Manipal 576104 Udupi Dt. Karnataka CIN | L65993KA1971PLC002106 www.icdslimited.com UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE SIX MONTHS / QUARTER ENDED SEPTEMBER 30, 2026 Rupees in Lakhs Sl. |Particulars Quarter ended Six months period ended | Year Ended No. 30-Sep-26 30-Jun-26 30-Sep-25 30-Sep-26 30-Sep-25 | 31-Mar-26 (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) 1 {Revenue from operations 70.92 61.43 52.91 132.35 130.04 239.21 2 |Other Income [refer note 4 below}. 34.62 111.58 (17.33) 146.20 109.98 153.80 3 | Total Revenue (1+2) 105.54 173.01 35.58 278.55 240.02 393.01 4 _ |Expenses Employee benefit expenses 7.88 12.19 15.58 20.07 27.29 47.76 Finance Costs 1.56 1.53 1.48 3.09 3.09 6.01 Depreciation and amortisation expenses 9.55 9.47 9.47 19.02 18.71 37.84 Other expenses 18.50 48.39 27.76 66.89 56.62 164.45 Total expenses . 37.49 71.58 54.29 109.07 105.71 256.06 5 |Profit/(loss) before exceptional items and Tax(3-4) 68.05 101.43 (18.71) 169.48 134,31 136.95 6 | Exceptional items - gain/(loss) - . - - - - 7 |Profit/(loss) before tax (5-6) 68.05 101.43 (18.71) 169.48 134,31 136.95 8 |Tax expense i. Current tax 21.40 8.00 12,84 29.40 28.30 24.07 ii. Income tax for earlier years (Refer Note no. 10) - - - - - (7.37) iii. Deferred tax - - - - - 10.94 9 _|Profit / (loss) after tax (7-8) 46.65 93.43 (31.55) 140.08 106.01 109.31 10 |Other comprehensive income / (Loss) , net of income tax i. Items that will not be reclassified to profit or loss Remeasurements of net defined [Showing first 8,000 characters — download PDF for full document]