Revised Result for the year ended on 31.03.2026

Cé( J J PATEL & ASSOCIATES INDIA CHARTERED ACCOUNTANTS a nd Disclosure Requirements) Regulations, 2015, as amended, The Board of Directors Majestic Research Service and Solutions Limited DISCLAIMER OF OPINION We have audited the accompanying Statement of Financial Results of Majestic Research Service and Solutions Limited (CIN: L72200KA2012PLC063818) (hereinafter referred 1o as “the Company ™) for the half year and year ended 31* March 2026 (hereinafter referred to as “the Financial Results™). being submitted by the Company pursuant (o Regulation 33 oft he Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“the Listing Regulations™). We do not express an opinion on aforesaid Financial Results because of the substantive nature of the matters stated in paragraph 'Basis for disclaimer of Opinion', below for which we have not been able to obtain sufficient and appropriate audit evidence Further. in view oft he matters specified in the 'Basis for Disclaimer of Opinion' Para below. we are unable (o state whether the accompanying Results have been prepared in accordance with the applicable accounting standards and other recognized accounting practices and policies or that the Results discloses the information required to be disclosed in terms of Regulation 33 of the Listing Regulations including the manner in which it is to be disclosed. or that it contains any material misstatement BASIS FOR DISCLAIMER OF OPINION Following, amongst others, are some of the important reasons because of which we were not able to obtain sufficient and appropriate audit evidence in order to form a conclusion: Reference is invited to our Limited Review Report dated 08 July 2026 issued on the Unaudited Financial Results of the Company for the half year ended 30th September 2025, wherein, under the “Basis for Disclaimer of Opinion” paragraph, we had reported matters at SL No. 1 to 12 therein. relating, inter alia, to the Corporate Insolvency Resolution Process (“CIRP™) and the NCLT Order. non-verifiability of opening balances consequent to the NCLT Resolution Plan. non-ay ailability of books of accounts and supporting documentation, claims from financial and operational creditors admitted under CIRP, material uncertainty in relation to going concern, loans, borrowings and other = Head OFf. : 504, Patron, Opp Kensville Golf Academy, Rajpath Club To Sp Ring Road, Bodakdev, Ahmedabad - 380054 = Branch : North - 1106, Twin Star, Opp Balazi Hall, 150 Ft Ring Road, Rajkot - 360005 = Branch : 3, Sharweshwar Complex, Trikam Nagar 1, L H Road, Varachha, Surat - 395006 liabilities. cash and cash equivalents, property, plant and equipment and depreciation, sundry creditors and trade payables, sundry debtors, trade receivables, advances and other debit balances, investments, and deferred tax asset. 32t3rT L 1h 0e 1ih sep s 2me o t 5i v r Mt aMtf e r aa a ac a id rr nt on cs dc udR, sh e tac v a 2hri 2 si 0ee 0r s 2e 2c ee 66w tu q .. s m u Rs a Taet Al hnpa l c idon y uc rc eo lre t nr mie ts a adl b td i ie aa ta n lv ln et g ia te rd ln i id y t e ,m s 0 aa sa a8 wt n s ctt d e the a r a t ew s J p ne u 1p srl ld t cy ei ae ncs A nya2c u p s.br n r0 li ia2 dte lb b6 e l t re2d eoc er0 o di 2ttn on oh 5 ft e nv t i ( oeh Fn fb nre iu oei ne rifa a ny mf n ht go ieco t r i nthe Far ghes ile e a om ci uR ca od ne rli r cs orn ip Du se aa l iic lur t snt sna cgn e efer b aso ssa a isr uo lp lal oh et tnvs fh rsce e e td o1 fc h s fou e a 0 rr as or s te p io h1 an e nen2 tt n h3io oht a0nf h a nltge l fho f u d yby Sar a ee et l aae pp a rr r tn oe c e eefv e nmni s dbdto eeh eu oi drds fs —M SA AN NA CG IE AM LE N RT E' SS LA TN SD BOARD OF DIRECTORS’® RESPONSIBILITIES FOR THE Pursuant to the NCLT Order dated 25th May 2023 (received on 30th May 2023), the Corporate Insolvency Resolution Process was initiated against the Company under the Code, and Ms Vineeta Maheshwari was appointed as the Resolution Professional. In terms of Section 17 of the Code, the powers of the Board of Directors stand suspended upon commencement of the CIRP. and such powers are exercised by the Resolution Professional. Subsequent to the approval of the Resolution Plan by the Hon’ble NCLT on 20th June 2025, the Company has been transferred to and is being managed by the new management (Successful Resolution Applicant). T ofh e a fn ia nag ne cm iae ln t oi ss tr ie os np ,o n fs ii nb al ne if ao lr pth ee fp or rep ma ar na ct ei o an o df ct ah se f i fn la on wci sa l ftr e hsu el l Cs oth ma pt ag niv ye ia t aru ce oa rn dd nfa ci er v i ie tw Indian Accounting Standards (Ind AS) notified under Section 133 of the Act and other accounting principles generally accepted in India, and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes: * Maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; ¢ Selection and application of appropriate accounting policies: * Making judgements and estimates that are reasonable and prudent; and * Design, implementation and maintenance of adequate internal financial controls that were o rp ele er va at ni tn g ( o e tf hf ee c pt ri ev pe al ry a tf ior o ne an ns dur pi rn eg s et nh te a ta ic oc nu r oa fc ty h ea fn id n ac no cim ap ll e rt ese un le ts s s t ho af t gt ih ve ea ac c to ruu en t ai nn dg far ie rc o vr id es w, and are free from material misstatement, whether due to fraud or error. In preparing the financial results, the Management is responsible for assessing the Company s ability to continue as a going concern, disclosing. as applicable. matters related to going concern, and using the going concern basis of accounting unless the Management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. The Board of Directors / Resolution Professional is also responsible for overseeing the Company’s financial reporting process. o ApW ur ce o r tv a i or tse hi eoi rnn sd e oe thfp i e t cn h ad e l e An rc et t s po t of h n at st ih be a i rC le io trm ie ep l sea v in a ny n t a i ctn co a ooc ruc dro a ar nud cda ein t wc ioe f t w ht i ht te hh e ft ih Cne a o nC dco eiad l oe fr o e Esf tu hE l itt csh si i c n as I ni n ds d is tau h,e e d a rnb edy q w ut ih e re ehI maC evA ne tI sf a u l on f fd i lt tlh hee ed OTHER MATTERS The accompanying financial results include the results for the half year ended March 31, 2026 being the balancing figure between the audited figures in respect oft he full financial vear and the unaudited yv ee aa rr 1o date figures up to the first half year ended as on 30th September. 2025 of the current financial CT ohe m pC ao nm yp a Ln ay w Tw ra is b uu nn ad le (rg No Ci Ln Tg ) .C o Pr up ro sr ua at ne t I ton s to hl ev ae pn pc ry o vR ae ls o al nu dt i io mn p lP er mo ec ne ts as t ( ioC nI R oP ft ) h u en d Re er s ot lh ue t iN oa nt i Po ln aa n.l the management and control of the Company were transferred to the new management during the ecu nr dr ee dn t 1h sa tl f M- ay rea cr h. 2A 0c 2c 5o r wd ai sng nl oy t, avt ah ie af bi ln ea n fc oi ra l oi mn pf ao rr am ta it vi eo n refo sr ntt ah te ioc no ,r r Te hs erp eo fn od ri en ,g tp hr e fv ii no au ns iah la l rf e- sy ue la tsr for the half-year ended 30th September 2025 present only the financial information for the current half-year, and comparative figures for the corresponding previous half-year have not been presented. PN rot oe c: sI st ii ns rh ee sr pe eb cy b ofr to hu eg h Ct ath ne a ct ote mn mt eio nn o ef t oh ne 2r 5e ta hd e Mr as yt h 2a 0t t 3h e OC ro dr ep ro rr ea ct ee vI en ds o ol nv e 30n tc hy MRe as yo l 2u 0t 2i 3o )n and Ms. Vineeta Maheshwari was appointed as the Resolution Professional in the First Meeting of the Committee of Credito [Showing first 8,000 characters — download PDF for full document]