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AGRAWAL JAIN & GUPTA Registered Office: Mumbai Office: Plot No 5, Girdhar Colony, 1501 One Lodha Place Chartered Accountants Opp. Soni Manipal Hospital, S B Marg, Lower Parel Sikar Road, Jaipur, Mumbai- 400013, India Rajasthan, India Email: ajnmumbai@gmail.com INDIA Website: www.ajngupta.com Contact no 022-46061667 Independent Auditor Review Report on Unaudited Quarterly Standalone Financial Results and Year to Date Results of the company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). The Board of Director of Mahalaxmi Seamless Limited. 1 ‘We have reviewed the accompanying statement of Unaudited financial results of Mahalaxmi Seamless Limited (‘the Company’) for the quarter and half year ended 30" September, 2026 and year to date results for the period 1** April 2026 to 30 September 2026, being submitted by the company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). This Statement, which is the responsibility of the Company’s management and approved by the 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 37”), prescribed under section 133 of the companies Act, 2013 and other accounting principles generally accepted in India and in Compliance with Regulation 33 of Listing Regulations. Our responsibility is to issue a report on the Statement based on our review. ‘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 Accountant of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statement are free from material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. Based on our review conducted as above, nothing has come to our attention that cause us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements), Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement. Yours faithfully, For Agrawal Jain & Gupta ICAI Registration No.: 013538C UDIN: 26450835VMBVMB3000 Digtaly siged by ROHT ROHIT SWAMI 25061113 165228 Rohit Swami Partner Membership No.: 450835 Date: 13" November 2026. CIN: L93000MH1991PLC061347 Reg, Off.: Pipenagar (Sukell)Via Nagothane Taluka Roha Dist Raigad 402126 54/AVirwani Industrisl Estate,Near Western Express Highway Goregaon (East), Mumbal-400063.(INDIA). Tel: 022-40033190, Emall: accountsho@mahatubes.com, Website: www.mahatubes.com 8 IR - 0 . . [Employee benefts expense 1043 1907 1038 350 2608 12486 615 s as 07 02 200 [Tax expense Tax Relto Parovtiouse Yedars Deferred tax [TToax tExpaensles Profit (Loss) for the period Other ComprahensInicvomes | ) Herms that wit not be reciassified to profit or oss 031 - - o (i) Income tax relating t Hems that will not be reclassified o profit " B () toms thet wi be reciassified to profitor loss. - B . 1) Income tax relating to Kems that wi be reciassified to proi or - - - - loss. [Total Comprehensive income for the period(Comprising s - - o031 B R [Profit (Loss) and Other Comprehensive Income for the period) 44 P o 7] Tt a0 [P aidup Equity Share Capital (face value Re.10 each, fully paid up} 52514 sl smas s28.14 s28.14 5284 Other Equity (s82.36) [Eampiorn eqguisty share (for continuing operation): 1 (1) Basic g a3 019 04z 037 (0.14) (2) Diuted BN IS ) 019 042 037 (0.14)] ‘See sccompanying note 1o the financial results Noles:- [T The Statement of inancial rosult has boon propared In SCGorda) (. | 1 & 51A 141y Suindards (Ind AS) prescribed under secton 133 of the Companies ACt, 2013, read vt the relevant rles lssued theraendu then rdecgeeirc: i 1 avd poioc thie eextasnt appicable. 2. The above statement of financial results has been reviewed by tha /uxil! (117 anid approved by the Board of Directors at fts meeting held on 13th November 2026 3. The company operates maionen selgmeynt, accordingly there are no separt raportable sogment as per Ind AS-108- Operaling Segment. 4. Previous period's igures have been reclassiied, wherever necessary1,o corespond with thosa of the current period Sumit Panwar Company Secretary ACS No. 69566 Factory: Pipe Nagar (Sukeli), via Nagothane, Taluka Roha, District Raigad, Maharashtra — 402 126(INDIA) Email : enquiry@mahatubes.com MAHALAXMI SEAMLESS LIMITED CIN:L93000MH1991PLCO61347 Statement of Balance Sheet as at 30th September 2026 (All amounts are in X lakhs, unless otherwise stated) As at Particulars 30th September, As at 31st March, 2026 2026 1 [ASSETS 1|Non-current assets (a) Property, plant and equipment 18.50 2051 (b) Investment properties 176.25 181.22 (c) Investment 9.54 3.00 (d) Financial assets (i) Others financial assets 10.30 10.02 Non-current assets 214.60 214.75 2|Current assets (a) Financial assets (i) Trade receivables 21.18 16.48 (ii) Cash and cash equivalents 11.85 10.77 (i) Bank Balances other than cash and cash equivalents 38.33 2037 (iv) Loans 0.49 1.43 (b) Other current assets 26.32 37.26 Current assets 98.17 86.30 [TOTAL ASSETS 312.77 301.05 u EQUITY AND LIABILITIES 1|Equity a) Equity share capital 528.14 528.14 b) Other equity (559.61) (582.36) Total Equity (31.47) (54.22) 2|Liabilities Non-current liabilities (a) Financial liabilities (i) Borrowings 11.22 23.52 (b) Other non - current liabilities 62.56 62.56 (c) Deferred Tax Liabilities (Net) 1635 1453 (b) Non Current Provisions 49.29 49.29 Non-current liabilities 139.42 149.90 Current liabilities (a) Financial liabilities (i) Borrowings 82.36 8235 (ii) Trade payables Total outstanding dues of Micro Enterprises and Small Enterprises 371 3.98 Total outstanding dues of creditors other than Micro Enterprises and Small Enterprises 25.55 19.39 (i) Other financial liabilities 88.49 94.09 (b) Provisions 2.19 2.19 (c) Other current liabilities 252 3.37 Current liabilities 204.82 205.37 [T OTAL EQUITY AND LIABILITIES 312.77 301.06 For and on behalf of Mahalaxmi Seamless Limites ] ] M. Vivek Mac vprasad Jalan DIN: 00114795 Managing Director MAHALAXMI SEAMLESS LIMITED CIN:L93000MH1991PLC061347 Statement of cash flows for the Half year ended 30th September 2026 (All amounts are in % lakhs, unless otherwise stated) 30th September, 2026|30th September, 2025 Particulars CASH FLOW FROM OPERATING ACTIVITIES: Profit before exceptional Items and tax as per statement of profit and loss 2426 2225 [A djustments for: Depreciation and amortization expenses 7.27 972 Finance cost 9.76 9.29 Interest income (2.08) (1.19) 39.21 20.07 Operating profit before working capital changes [A djustments for: (increase)/decrease in trade & other receivables (4.70) (161) (Increase)/decrease in other Long term Labilities 0.00 Increase/(decrease) in trade & other payables (0.56) 102 Increase/(decrease) in provisions (0.01) 3394 3948 Less: Direct taxes paid - 3394 3948 Exceptional items B Net cash flows (used in)/ generated from operating activities after exceptional tems. 33.94 39.48 CASH FLOW FROM INVESTING ACTIVITIES: Inflows Interest received 2.08 119 Loans and Advances 11.60 1368 119 Outflows Purchase of property, plant and equipment/ intangible assets (0.30) (0.36) Purchase of non current investments (6.22) Sale of Assets Loans & Advances (8.86) (6.52) (9.22) Net c [Showing first 8,000 characters — download PDF for full document]