Outcome of the Board Meeting held on August 12, 2026

SIDCL/Sect./2026-27/036 August 12, 2026 BSE Limited The Calcutta Stock Exchange Limited P. J. Towers, 7, Lyons Range, Dalal Street, Mumbai – 400001 Kolkata- 700001 BSE Scrip Code: 511411/955319 CSE Scrip Code: 026027 Dear Sir/Madam, Sub: Outcome of the Board Meeting held on August 12, 2026 In continuation of our letter dated August 7, 2026, this is to inform you that the Board of Directors of the Company at its meeting held today i.e. August 12, 2026, commenced at 2.30 p.m. and concluded at 4.30 p.m. has approved the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2026 pursuant to Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. A copy of the said Results along with the Limited Review Report in terms of Regulation 33 & 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 is enclosed herewith. This is for your information and record. Thanking you, Yours faithfully, For Shristi Infrastructure Development Corporation Limited Krishna K Pandey Company Secretary & Compliance Officer Enclo: As Above 2 9Cotltw i d Ca P.C'✓ CHARTERED ACCOUNTANTS KOLKATA, NEWDELHI INDEPENDENT AUDITOR'S REVIEW REPORT ON UNAUDITED FINANCIALRESULTS The BoardofDirectors M/s. Shristi Infrastructure Development Corporation Limited Limited Review Report on the Unaudited Standalone Financial Results for the quarter ended 30th June, 2026 Qualified Conclusion 1. We have reviewed accompanying Statement of Unaudited Standalone Financial Results of SHRISTI INFRASTRUCTURE DEVELOPMENT CORPORATION LIMITED (the 'Company') for the quarter ended 30th June, 2026, together with notes thereon attached herewith being submitted by the Company pursuant to the requirement of Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ('Listing Regulations') 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 Indian Accounting Standard 34 (Ind AS) for Interim Financial Reporting ("Ind AS 34"),prescribed under Section 133 ofthe Companies Act,2013, ("the Act") read with relevant rules issued thereunder and other accounting principles generally accepted in India and incompliance withthe Listing Regulations. Our responsibility is to issue a report onthese Financial Statementsbasedonourreview. 3. We conducted our review of the statement in accordance with the Standard on Review Engagement (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 statementsare free of material misstatement. A review is limited primarily to inquiries ofCompany personneland analytical procedures, applied to financialdataand thus provides less assurance than an audit. We have notperformed an audit and accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended,to the extent applicable. 4. Basedon ourreview conducted as above, except for the possible effects ofthematter described in the paragraph5 below "Basis for qualifiedconclusion" andread withourcomments in paragraph 6below" Material Uncertainty Relating to Going Concern' and in paragraph 7 on "Emphasis of Matter", nothing has come to our attention that causes us to believe that the accompanying 16A, SHAKESPEARE SARANI. KOLKATA- 799 971 PHONE: 2282-t ( 6807, FAX NO.:01(033)2282-5921, Websitc : www.rkothari.in \cb-mail : Lnikata a rknthari.in R Kothari & Co (a partnership firm .►ith FRN-3971)69E) cnn►erted into R Koth:rri & Co LIP. (a Limited Liability Partnership ith ILL' Identification No.:1AS-5294 N.c.f3'' .lunc. 2020) Continuation Sheet Statementprepared inaccordancewiththe recognition and measurement principles laid down in the applicable Ind AS as prescribed under Section 133 of the Companies Act,2013 read with relevantrules issued thereunderand other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, as amended, including the mannerinwhich itis to be disclosed, or thatitcontains any material misstatement. 5. Basis for qualified conclusion a) With reference to Note no. 9 tofinancial results, we draw yourattention regarding non - provision and default ofinterest expense of Rs. 641.30 lakhs on the borrowingsfrom Srei Equipment Finance Limitedfor the quarterended30ThJune, 2026 (Cumulativenon-provisioningand default ofinterest till 30th June, 2026for Rs. 13,103.88 lakhs) which is not in accordancewith the requirements ofInd AS 23: Borrowing CostsreadwithIndAS 109:FinancialInstruments. This hasresulted understatementoffinancecostforthequarterto the extentwithconsequential impact onotherreportedfinancialsas on3011:June, 2026. Had the aforesaid interest expense been recognized, the finance costfor the quarter ended 30" June, 2026wouldhavebeen Rs. 1009.80lakhsinsteadofRs. 368.50 lakhs. The total expensesfor the quarterended30th June, 2026 would have been Rs. 2777.22 lakhs insteadof Rs. 2135.92 lakhs. The Net Profit /(loss) after taxfor the quarterended 30th June, 2026 would have been Rs. (1959.96) lakhs instead ofRs. (1318.66) lakh. Total comprehensive income for the quarter ended 30'June, 2026wouldhavebeen Rs. (1952.73) lakhs insteadofRs. (1311.43) laklts. b) In the matter ofSarga Udaipur Hotels & Resorts Private Limited, a subsidiary of the company, as stated in Note 6 to thefinancial result, that the Hon'ble National Company Law Tribunal ("NCLT"), Kolkata Bench, admitted the CorporateInsolvency Resolution Process ("CIRP") under the Insolvency andBankruptcy Code, 2016 (IBC) against Sarga Udaipur Hotels &Resorts Private LimitedandCIRP is initiatedvide order dated29thApril, 2022. In viewoftheadmission oftheabove subsidiaryin NCLTandCIRPprocess, weare unable to comment on the extent ofrealisability ofits value ofinvestment ofRs. 195.00 lakh and interestfree loan ofRs. 1,865.79lakhsreceivablefromabove subsidiary. Similarly, we arealsounable to comment on theextent ofrealisability ofinvestmentofRs. 300.00 lakh and loan of Rs. 735.36 lakh (including interest) receivable from Shristi Urban Infrastructure Development Limited, being subsidiary of the company (which is the holding company of Sarga Udaipur Hotels & Resorts Private Limited, a company under CIRP as mentioned above), Thu' consequential effect ofthe above, on thefinancial resultsfor the quarter ended 30th June, 2026 is not ascertainable. 6. Material UncertaintyRelatedto GoingConcern We draw your attention to Note No. 12 to thefinancial results regarding preparation of the financial statements on going concern basis,for the reason mentioned therein. The company has incurred lossesfor the quarterended 301 June, 2026 and also incurred losses for more than three consecutive years and net worthas on30thJune, 2026 has beenfullyeroded. Thisindicates theexistenceofa materialuncertainty that may cast significant doubt on the company's ability to continue as going concern. The appropriateness of assumption ofgoing concern iscritically dependent upon the management view andprojectedfuture cash flows ofthe company. Ouropinionis not modifiedin respect ofthismatter. Continuation Sheet 7. EmphasisofMatter a) Withreference toNote5 in the matter ofSarga Hotel Private Limited, an erstwhile material subsidiary of the company, an orderfromHon'ble National CompanyLa [Showing first 8,000 characters — download PDF for full document]