General Updates

B-wing, 501 Rustomjee Central Park, JAY SHAH & ASSOCIATES Andheri Kurla Road, Chakala, Andheri (East), Mumbai -400 093. CHARTERED ACCOUNTANTS Tel.: +912240161675 / 76 / 77 / 78 E-mail: jay@ahsco.in Independent Auditor's Limited Review Report on the Quarterly Unaudited Consolidated Financial Results of Aarvi Encon Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Review Report to The Board of Directors Aarvi Encon Limited, B1-603, Marathon lnnova, Marathon Nextgen Complex, G. I<. Marg, Lower Parel, Mumbai - 400013, India. Re: Limited Review Report of the Unaudited Consolidated Financial Results for the quarter ended 30th June, 2026. 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Aarvi Encon Limited ("the Parent") and its subsidiaries and associates, as given in the Annexure to this report (the Company, its subsidiaries and its associates together referred to as "the Group") and its share of the net profit after tax and total comprehensive income/ loss of its subsidiaries for the quarter ended on 30th June, 2026 ("the Statement"), attached herewith, being submitted by the Parent pursuant to the requirement of f,egulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been compiled from the related interim financial results/ interim consolidated financial information which 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, as amended 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 Statements based on our review. 3. 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 (ICAI). 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 is limited primarily to inquiries of company personnel and analytical procedure applied to financial data and thus provides less assurance than an audit. We have not performed an audit and, accordingly, we do not express an audit opinion. We also performed procedures in accordance with the Circular No. CIR/CFD/CMDl/44/2019 dated March 29, 2019 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. The Statement includes the results of the entities as mentioned in the Annexure. 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Consolidated Statement, prepared in accordance with the recognition and measurement 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 Disclosures Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. The accompanying Statement includes the unaudited interim standalone/ consolidated financial results/ financial information, in respect of- (i) 1 subsidiary included in the unaudited consolidated financial results, which has been reviewed by us, whose unaudited standalone interim financial information reflect total revenues of Rs. Nil for quarter ended 30th June, 2026, total Net Profit after tax of Rs. 1.07 Lakhs for quarter ended 30th June 2026 and total comprehensive income of Rs. Nil for the quarter ended 30th June 2026 as considered in the standalone Financial Statement. These interim financial statements have been reviewed by us and have been approved and furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is solely based on the observations of the Management and the procedures performed by us as stated in paragraph 3 above. (ii) 1 subsidiary included in the unaudited consolidated financial results, which has not been reviewed by us, whose unaudited consolidated interim financial information reflect total revenues of Rs. 1,566.81 Lakhs for quarter ended 30th June, 2026, total Net Profit after tax of Rs. 52.92 Lakhs for quarter ended 30th June 2026 and total comprehensive gain of Rs. 27.83 Lakhs for the quarter ended 30th June, 2026 as considered in the consolidated Financial Statement. The interim financial statements of the subsidiary have been reviewed by their auditor and have been approved and furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is solely based on the observations of the Management and the procedures performed by us as stated in paragraph 3 above. (iii) 2 subsidiaries included in the unaudited consolidated financial results, which has not been reviewed by us, whose unaudited standalone interim financial information reflect total revenues of Rs. Nil for 4the quarter ended 30th June, 2026, total Net Loss after tax of Rs. 5.74 lakhs for quarter ended 30th June, 2026 and total comprehensive Loss of Rs. 1.89 Lakhs for the quarter ended 30th June, 2026 as considered in the standalone Financial Statement. The interim financial statements of the subsidiaries has not been reviewed by their auditors and have been approved and furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is solely based on the observations of the Management and the procedures performed by us as stated in paragraph 3 above. (iv) 1 associate entity included in the unaudited consolidated financial results, which has not been reviewed by us, whose unaudited standalone interim financial information reflect revenues of r~s. 271.23 Lakhs for quarter ended 30th June, 2026, Net Loss after tax of Rs. 16.18 Lakhs for the quarter ended 30th June, 2026 and total comprehensive loss of Rs. 2.18 Lakhs for the quarter ended 30th June 2026 as considered in the standalone interim financial information. These interim financial statements have been reviewed by their auditors and have been approved and furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is solely based on the observations of the Management and the procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of this matter. For Jay Shah & Associates. Chartered Accountants Firm Registration No. : 135424W Place: Mumbai. Date : 12-08-2026. (Propri Membership No. : 134334. UDIN: 26134334HAAMVP23.34 Annexure to Independent Auditors' Limited Review Report on Review of Interim Consolidated Financial Results. A. Parent Company; Sr. No. Name of the Parent Company 1. Aarvi Encon Limited B. Subsidiaries held directly Sr. No. Name of the Subsidiary 2. Aarvi Encon (FZE) 3. Aarvi Encon Resources Limited - - ------- ~ - __ Aarvi Energy Company LLC w.e.f. 30th April, 2024. C. Subsidiaries held indirectly Sr. No. [Showing first 8,000 characters — download PDF for full document]