Modern Denim Limited has submitted the Unaudited Financial Results for the quarter ended June 30, 2026

&odern peniv LimiTeED Registered Office : Talheti, Village : Karoli, Tehsil : Abu Road District : Sirohi - 307510 ( Rajasthan) India Phone: 02974-228377, Fax : 02974-228043 www.moderndenim.com CIN- L17124RJ1977PLC001758 Email : denim. modern@gmail.com Date: August 12, 2026 BSE Ltd. Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001 Scrip Code: 500451 Dear Sir/Ma'am, Sub: - Outcome of Board Meeting held today i.e, August 12, 2026. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors, at its meeting held today, i.e., August 12, 2026, inter alia, considered and approved the Unaudited Financial Results for the quarter ended June 30, 2026 along with the Limited Review Report thereon issued by M/s J T Shah & Company, Statutory Auditor of the Company which are enclosed. The Board Meeting commenced at 4:00(IST) and concluded at 4:30(IST). This is for your kind information and records. Thanking you, Yours Faithfully, For Modern Deni%}‘,fifl\fiil DEEPAK Distaly signéd - KANTILA K;Y\NTlLALJA_m {45 Road Date: 2026.08.1 L JAIN 16:52:19 405'30 Deepak Jain Company Secretary Mem No. A30074 Works : Village : Nidharad, Sanand-Kadi Road, Taluka : Sanand-382 110, Ahmedabad, Gujarat (India) J. T. SHAH & CO. CHARTERED ACCOUNTANTS Limited Review Report on unaudited quarterly standalone financial results of the Modern Denim Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Board of Directors of Modern Denim Limited 1. We have reviewed the accompanying statement of unaudited Standalone Financial Results of Modern Denim Limited ('the Company') having its registered office at Talheti, Village-Karoli, Tehsil Abu Road, Dist-Sirohi, Rajasthan-307510 for the Quarter ended June 30, 2026 ('the Statement'), attached herewith, being submitted by the Company pursuant to the requirements Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201S as amended. 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting” ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued there under 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 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 financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 4. Basis for Qualified Opinion a) As per Ind AS 109 “Financial Instruments”, the company has not recognised interest on financial liabilities on effective interest method. Provision on Interest amounting to Rs.27.61 lacs for the quarter on financial liabilities in respect of cumulative redeemable preference shares has not been provided in accounts as the Company was expecting waiver / relief under rehabilitation scheme submitted to BIFR and after abatement of BIFR, Scheme of Compromise, Arrangement and Amalgamation u/s 230-232 of the Companies Act, 2013 is under process of approvals from concerned authorities seeking the said waiver / relief. (Refer Note -1 of the Statement). 201/202, Lalita Complex, 352/3, Rasala Marg, Nr. Jain Temple, Page1of3 Navrangpura, Ahmedabad-380009. Phone: 264 444 20, 264 444 30, 264 444 40, 265 604 40 Email: info@jtshahco.com J. T. SHAH & CO. CHARTERED ACCOUNTANTS b) As per Ind AS 109 “Financial Instruments”, the company has not recognised interest on financial liabilities on effective interest method. Provision for interest amounting to Rs. 15.31 lacs for the quarter on certain Secured and Unsecured Borrowings has not been made in accounts as the Company was expecting waiver / relief under rehabilitation scheme submitted to BIFR and after abatement of BIFR, Scheme of Compromise, Arrangement and Amalgamation u/s 230-232 of the Companies Act, 2013 is under process of approvals from concerned authorities seeking the said waiver / relief. (Refer Note -2 of the Statement). c) As per Ind As 109, the non-current borrowing is not fair valued and hence amortisation of pre received income corresponding to unwinding of financial liability under finance cost amounting to Rs. 122.97 lacs for the quarter is not provided. (Refer Note -3 of the Statement). Material uncertainty related to Going Concern We draw attention to note 7 with respect to the financial results disclosing the material uncertainties that may affect the company from being able to continue as a going concern: (i) The Company had filed rehabilitation scheme to BIFR and after abatement of BIFR, the Company had filed a scheme of Compromise, Arrangement and Amalgamation under the provisions of Sections 230-232 of the Companies Act, 2013 before the Hon'ble NCLT. The Hon'ble NCLT disposed of the petition vide its order dated 22 January 2026 with a liberty to the Company to reapproach the Hon'ble NCLT upon completion of certain regulatory and procedural requirements, including obtaining the requisite approval from the stock exchange. Accordingly, the Company has initiated the necessary regulatory process and has re-submitted an application to BSE to obtain the requisite approval, which is presently under consideration. As informed to us, upon completion of these regulatory requirements, in accordance with the Hon'ble NCLT order, the company will reapproach the Hon'ble NCLT for final approval of the Scheme. (ii) The standalone financial results disclosing the material uncertainties that may affect the company from being able to continue as a going concern. The company has neither the intention to liquidate not the intention to cease its operation nor is compelled to do so. The financial statements have, therefore, been prepared on going concern basis. Our opinion is not qualified in respect of this matter. 2017202, Lalita Complex, 352/3, Rasala Marg, Nr. Jain Temple, Page 2 0f 3 Navrangpura, Ahmedabad-380009. Phone: 264 444 20, 264 444 30, 264 444 40, 265 604 40 Email: info@jtshahco.com J. T. SHAH & CO. CHARTERED ACCOUNTANTS 6. Other Matters Attention is drawn to Note No. 5 to the Financial Result, that the figures for the three months ended 31 March 2026 as reported in these financial results are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit. 7. In our opinion and to the best of our information and according to the explanations given to us, except what is reported above in “basis of qualified opinion”, these quarterly Financial Results (i) are presented in accordance with the requirements of the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as modified by the SEBI circular no. CIR/ CFD/FAC/62/2016 dated July 5, 2016; and (ii) give a true and fair view of the net profit / (loss), other comprehensive income and other financial information of the Company for the quarter ended June’ 30, 2026. For, J. T. Shah & Co. Chartered Accountants (Firm Regd. No. 109616W) Place: Ahm [Showing first 8,000 characters — download PDF for full document]