Unaudited standalone financial results for the quarter ended June 30, 2026

N.K. Sarraf & Associates Chartered Accountants Independent Auditor’s Review Report Unaudited Financial Results for the quarter ended 30th June, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To The Members of Ashapura Intimates Fashion Limited We have reviewed the accompanying Statement of unaudited financial results of Ashapura Intimates Fashion Limited (“the Company”) for the quarter ended 30th June, 2026 (“the Statement”), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”). This Statement, which is the responsibility of the Company’s management and approved by its chairman and managing directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (Ind AS 34), 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. 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 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 (ICAI). This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free from material misstatement. A review of interim financial information consists of making inquiries, primarily of the Company's personnel 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 specified under section 143(10) of the Companies Act, 2013 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. The Statement includes the result of the following entity: I. Ashapura Intimates Fashion Limited Basis of Opinion The Unaudited Financial Results includes the financials results of Ashapura Intimates Fashion Limited alone, whose financial results reflect total revenue of Rs. 398.51 Lakhs for the quarter ended June 30, 2026, total net profit after tax of Rs. 10.30 Lakhs for the quarter ended June30, N.K. Sarraf & Associates Chartered Accountants 2026, as considered in the Statement. According to the information and explanations given to us by the Management, the financial results are not material. Our conclusion on the Statement is not modified in respect of our reliance on the financial results certified by the Management. The Financial Results in the Statement for the quarter ended June 30, 2025 were reviewed and for the year ended March 31, 2026, were audited by auditor who expressed a Disclaimer of Opinion on those Financials Results on August 14, 2025 and May 16, 2026 respectively. Our conclusion on the statement is not modified in respect of the matter. As per the Triparty MOU dated between M/s. Grow House Agro Ltd., M/s. Pervasive Commodities Ltd., and M/s. Ashapura Intimates Fashion Ltd., the total agreed consideration of INR 21,30,00,000 is payable to M/s. Ashapura Intimates Fashion Ltd. by M/s. Pervasive Commodities Ltd. As on date, the total funding obligation is fulfilled by M/s. Pervasive Commodities Ltd. in full. Any funds received from M/s. Pervasive Commodities Ltd. in excess of their specific MOU commitment have been recognized and accounted for as a loan in our books. Conclusion Based on our review conducted and procedures performed as stated in paragraph above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that contains any material misstatement. For, N.K. Sarraf & Associates Chartered Accountants (Firm’s Registration No. 021945N) CA Deepak Radhesh Singhania Partner Membership No.: 186259 UDIN: 26186259LAZFYB7622 Place: Thane Date: August 13, 2026. ASHAPURA INTIMATES FASHION LIMITED CIN: L17299MH2006PLC163133 Address: C-806,Titanium CityCentre, Nr.Sachin Tower, 100 FtAnand Nagar Road, Satellite, Manekbag, Ahmedabad City, Gujarat, India- 380015 STATEMENTOFSTANDALONEUNAUDITEDFINANCIALRESULTSFORTHEQUARTERENDED30th JUNE2026 ('t in Lakhs) Quarter ended Year Ended Particulars 30.06.2026 31.03.2026 30.06.2025 31.03.2026 (Unaudited) (Audited) (Audited) (audited) 1 Income from Operation a) Revenue from operations 398.51 - - - b) Other income - - 2.31 2.31 Total Income 398.51 2.31 2.31 2 Expenses a) Cost ofmaterials consumed 359.46 - - - b) Purchase ofstock-in-trade - - - - c) Changes in inventories offinished goods and work-in- - - - progress and stock-in-trade d) Excise duty - - - - e) Employee benefits expense 10.06 - - f) Depreciation and amortization expense - 8.59 8.59 34.37 g) Finance costs 0.00 - 0.00 0.00 h) Other expenses 15.23 1.00 41.57 52.50 Total expenses 384.74 9.60 50.16 86.87 3 Profit before exceptional items &tax (1-2) 13.77 (9.60) (47.85) (84.56) 4 Exceptional Item - 30,131.14 - 89.43 5 Profit Before tax 13.77 (30,140.74) (47.85) 4.87 Current tax 3.47 - - - Excess/Short Provision relating to earlier years - - - - Deferred tax - - - - Mat Credit Entitlement - - - - 6 Total Tax Expenses 3.47 - - - 7 Net Profit for the period (5-6) 10.31 (30,140.74) (47.85) 4.87 8 Other Comprehensive Income (net oftax) - - - - 9 Total Comprehensive Income(7+8) 10.31 (30,140.74) (47.85) 4.87 10 2,521.14 2,521.14 2,521.14 2,521.14 Paid-up equity share capital (Face Value Rs. 10/- per share) Earning per sh:.re (after extraordinary items) (ofRs. 10/- eachl(not annualised] i.Basic 0.04 (119.55) (0.19) 0.02 ii.Diluted 0.04 (119.55) (0.19) 0.02 Asper our attached report ofeven date As per my Disclaimer ofeven date For Mis. NKSARRAF &ASSOCIATES For Ashapura Intimates Fashion Limited Chartered Accountants Firm's Registration No.021945N Ashapure Intimates Fashion limited -< 0 1.N ,: ~..-.~. Director 111* CADEEPAK RADHESH SINGHANIA Mr. Nikunj Shah Partner DIN:09677879 Membership No.186259 Managing Director UDINNo.:26186259LAZFYB7622 Place: Mumbai Date: 13/08/2026 Date: 13/08/2026 NOTES TO THE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED so= JUNE, 2026 1. The Statement of Unaudited Financial results has been reviewed and approved by the Board of Directors in the meeting held on August 13, 2026. The figures for the quarter ended 30 June 2026 have been subjected to limited review by the statutory auditors. 2. As per the Triparty MOU dated between Mis. Grow House Agro Ltd., Mis. Pervasive Commodities Ltd., and Mis. Ashapura Intimates Fashion Ltd., the total agreed consideration of INR 21,30,00,000 is payable to Mis. Ashapura Intimates Fashion Ltd. by Mis. Pervasive Commodities Ltd. As on date, the total funding obligation is fulfilled by Mis. Pervasive Commodities Ltd. in full. Any funds received from Mis. Pervasive Commodities Ltd. in excess of their specific MOU commitment have been recognized and accounted for as a loan in our books. 3. Historically, the company was engaged in the business of garments and clothing accessories, as well as storage and warehousing services. During the current first quarter, the company has commenced [Showing first 8,000 characters — download PDF for full document]