As attached

SEL/SE/2026-27/AUG/02 August 12, 2026 The Manager (Listing) BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street Mumbai – 400 001 Scrip Code: 540786 Sub: Outcome of Board Meeting in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Dear Sir, Pursuant to Regulation 30 read with Part A of Schedule III and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Board of Directors of the Company at its meeting held today i.e., Wednesday, 12th day of August, 2026, have, inter alia, considered and approved the Un-Audited Financial Results of the Company for the quarter ended as on 30th June, 2026 . The Financial Results were duly reviewed by the Audit Committee and thereafter approved by the Board of Directors of the Company along with Limited Review Report thereon. The meeting commenced at 04:30 P.M. and concluded at 10:00 P.M. You are requested to take the same on records. Thanking You. For Sharika Enterprises Limited, Pushpa Yadav Company Secretary & Compliance Officer Encl: as above R D V & Associates 709-710, GDITL Tower, B-08, Netaji Subhash Place, Chartered Accountants Pitampura, Delhi 110034 T. 9711929324,8851659951 E. info@rdvglobal.com Independent Auditor's Report on the Quarterly Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of Sharika Enterprises limited We have reviewed the accompanying statement of unaudited standalone financial results of Sharika Enterprises Limited (the "Company") for the quarter ended June 30, 2026 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" 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 in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion 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 Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. 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. Basis for Qualified Opinion Attention is invited to the following notes of the accompanying standalone financial results: a) Note No. 8 which states that the Company has identified slow/non-moving inventories amounting to Rs. 149.25 lakhs and no provision for obsolescence has been considered. However, the. management has not carried out an assessment of inventory ageing, obsolete inventories and net realisable value, and accordingly such inventories continue to be carried at cost in the financial results. In the absence of such assessment and determination of the consequential provision required in respect thereof, we are unable to comment upon the appropriateness of the amount of slow/non~moving inventories identified and the extent of adjustment, if any, that may be required to the carrying value of total inventories and the resultant impact on the profit for the period. Our Report for the quarter and year ended March 31, 2026 was also qualified in respect of this matter. R D V & Associates 709-710, GDITL Tower, B-08, Netaji Subhash Place, Chartered Accountants Pitampura, Delhi 110034 T. 9711929324,8851659951 E. info@rdvglobal.com b) Note No. 9 regarding non-reconciliation of certain balances and non-availability of party-wise details, confirmations and supporting documents. We have observed that Advances to suppliers and others aggregating to Rs. 210.66 lakhs outstanding as at 30 June 2026 include old outstanding advances, in certain cases outstanding for more than three years, with no significant movement or recovery during the period, which indicate uncertainty regarding their recoverability. However, the management has not carried out any assessment of recoverability and accordingly no provision has been made thereagainst. In the absence of such assessment and determination of the consequential provision required in respect thereof, we are unable to comment upon the extent of adjustment, if any, that may be required to the carrying value of such advances and the resultant impact on the profit for the period. Our Report for the quarter and year ended March 31, 2026 was also qualified in respect of this matter. c) Note No. 9 regarding non-reconciliation of certain balances and non-availability of party-wise details, confirmations and supporting documents. We have observed that trade receivables aggregating to Rs. 4,862.30 lakhs as at 30 June 2026, including the related ageing analysis, include old outstanding balances, including balances outstanding for more than three years and balances relating to parties with whom there have been no transactions for a considerable period of time. The management has not carried out an assessment and not computed Expected Credit Losses (ECL) under Ind AS 109 "Financial Instruments". Consequently, we are unable to comment upon the ECL provision, the carrying value of trade receivables, and the resultant impact on the profit for the period. Our Report for the quarter and year ended March 31, 2026 was also qualified in respect of this matter. Qualified Opinion Based on our review conducted and procedures performed as stated in paragraph above, except for the possible effects of the matter in para above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standard specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Emphasis of Matter Attention is invited to the following notes of the accompanying standalone financial results: a) Note No. 7 regarding the Company's arrangement with certain vendors for sequential settlement of liabilities in respect of specific contracts, whereby the corresponding vendor liabilities are settled upon realization of payments against the executed contracts. The said note further states that trade receivables pertaining to such arrangements have been considered in the stock statements submitted to the lending banks for the purpose of availing working capital facilities. R D V & Associates 709-710, GDITL Tower, B-08, Netaji Subhash Place, Chartered Accountants Pitampura, Delhi 110034 T.9711929324,8851659951 [Showing first 8,000 characters — download PDF for full document]