The Board of Directors of the Company, at its meeting held today i.e. 11th November, 2026, has considered and approved the Un-audited Financial Results, for quarter and half year ended 30th September, 2026 subjected to Limited Review by the Company's Statutory Auditors, M/s. V. Singhi & Associates, Chartered Accountants.

11th November, 2026 The Manager Corporate Relationship Department BSE Limited 1st Floor, New Trading Wing, Rotunda Building, P J Towers, Dalal Street, Fort, Mumbai - 400001 Scrip Code: 519214 Dear Sir/ Madam, Sub: Outcome of Meeting of the Board of Directors held on 11th November, 2026 Ref: Regulation 33 & 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (SEBI LODR, 2015) The Board of Directors of the Company, at its meeting held today i.e. 11th November, 2026, has considered and approved the Un-audited Financial Results, for quarter and half year ended 30th September, 2026 subjected to Limited Review by the Company’s Statutory Auditors, M/s. V. Singhi & Associates, Chartered Accountants. In accordance with Regulation 33 of the SEBI LODR, 2015, the Un-audited Financial Results of the Company for the quarter and half year ended 30th September, 2026 along with the Limited Review Report from the Statutory Auditors of the Company are enclosed herewith for your information and record. The Meeting of the Board of Directors of the Company commenced at 1:15 PM and concluded at 5.30 This disclosure is also being hosted on Company's Website http://www.williamsonfinancial.in/. Thanking you, Yours faithfully, For Williamson Financial Services Limited Shyam Ratan Mundhra Chief Financial Officer & Manager Encl: As above V. SINGHI & ASSOCIATES Chartered Accountants Four Mangoe Lane Surendra Mohan Ghosh Sarani, Ground Floor, Kolkata - 700 001 Phone: +91 33 2210 1125/26 E-mail : kolkata@vsinghi.com Website: www.vsinghi.in INDEPENDENT AUDITOR'S REVIEW REPORT ON THE UNAUDITED FINANCIAL RESULTS OF WILLIAMSON FINANCIAL SERVICES LIMITED FOR THE QUARTER ENDED AND HALF YEAR ENDED 30th SEPTEMBER 2026 PURSUANT TO REGULATION 33 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015, (AS AMENDED) The Board of Directors WILLIAMSON FINANCIAL SERVICES LIMITED 1. We have reviewed the accompanying Statement of Unaudited Financial Results of WILLIAMSON FINANCIAL SERVICES LIMITED ("the Company") for the quarter ended and half year ended 30th September 2026 ("the Statement"). The Statement has been prepared by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (as amended) (the "Listing Regulations"). 2. This Statement, which is the responsibility of the Company's Management and approved 0\ by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim ~inancial IND IA Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 as · amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. 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. 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. Offices: BENGALURU •DELHI• GUWAHATI •HYDERABAD• MUMBAI• RANCHI 4. Qualified Conclusion & reasons therefore: Our Limited Review has a Qualified Conclusion for reasons as under: a) Cancellation of Certificate of Registration by RBI We draw attention to Note No. 4 to the accompanying financial statements, disclosing that The Reserve Bank of India (RBI), in exercise of the powers conferred under Section 45-IA of the Reserve Bank of India Act, 1934, has cancelled the Company's Certificate of Registration (CoR) to carry on the business of a Non-Banking Financial Institution (NBFI) vide its cancellation order dated 22nd June 2026. b) Material uncertainty related to Going Concern We draw attention to Note No. 5 to the Statement stating that the net worth of the Company as on 30th September 2026 has been fully eroded and the ability of the Company to continue as a going concern depends upon continued availability of finance and future profitability. This situation indicates that material uncertainty exists that may cast a significant doubt on the Company's ability to continue as a going concern. Accordingly, the use of going concern assumption of accounting in preparation of this Statement is not adequately and appropriately supported as per the requirements of Indian Accounting Standard 1 "Presentation of Standalone Financial Statements". c) Non-recognition of Interest Expenses We draw attention to Note No. 7 of the Statement relating to non-recognition of Interest Expense on secured borrowings from InCred Financial Services Limited from August, 2019 upto September, 2026 and unsecured Inter-Corporate Borrowings. As the matter is under negotiation, the Company has neither ascertained nor recognized any finance cost on such secured borrowings for the quarter ended 30th September, 2026. Interest expense on unsecured Inter-Corporate Borrowings amounting to Rs. 87,898 (Rs. in thousands) for Inter-corporate borrowings for the quarter ended 30th September, 2026 has ?Jlso not been recognized by the Company. This constitutes a departure from the requirements of Indian Accounting Standard 109 "Financial Instruments" and accrual basis of accounting. d) Balances of receivables, unsecured and secured loan creditors and their balance confirmations. We draw attention to Note No 10 of the Statement with respect to balances relating to Loans, Advances and Borrowings being subject to reconciliation and confirmation of the parties, and in absence of such information, impact thereof being currently unascertainable and therefore not commented upon. e) Non- Availabilty of Bank Statement We draw attention to Note No. 11, wherein it has been stated that the bank statement of HDFC Bank for the first six months was not available for our verification. Accordingly, we have relied upon the information and explanations provided by the Management, including the notional entries proposed to be recorded in the books of account. Despite our efforts to obtain the bank statement directly from the concerned ban~ branch, the same could not be procured as the account is not operational. Consequently, we are unable to independently verify the bank balance and related transactions. f) Non-Recognition of Provision on Loans and Advances We draw attention to Note No.- 9, wherein the Company has stated about unsecured loans given in earlier years of Rs. 14,61,072 (Rs. in thousands) and interest accrued thereon of Rs. 1,80,082 (Rs. in thousands), both remained outstanding as on 30th September, 2026. Against these, provision of only Rs. 3,85,113 (Rs. in thousands) has been made in the books. These loans including accrued interest thereon in our opinion are doubtful of recovery and the provision against these amounts is not made adequately in the books of accounts. In the absence of adequate provision as aforesaid, the loss for the quarter ended 30th September, 2026 is understated to that extent. Impact in this respect has not been ascertained by the management and recognized in the Financial Results of this quarter. 5. Based on our review conducted as stated in Paragraph 3 above, except for the matters described in Paragraph 4 above, nothing has come [Showing first 8,000 characters — download PDF for full document]