Results

Cranes Software International Limited Correspondence Address: Ph: +91 80 6764 4800/4848 #82, Presidency Building, 3rd & 4th Floor, Fax: +91 80 6764 4888 St. Marks Road, Bengaluru - 560 001. Karnataka Email: training@cranessoftware.com 14% August 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Dear Ma‘am/ Sir, Subject: Outcome of Board Meeting. Ref: Cranes Software International Limited (Scrip code: 512093) We wish to inform you that pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, the Board of Directors in the Board Meeting was held on 14.08.2026 at the registered office of the company from 7:00 PM to 8:15 PM. The Board in its meeting has along with other items approved: 1. The un-audited financial results of the Company for the first quarter ended June 30, 2026 and taken on record, 2. Other ancillary matters. We request you to take the above on record and disseminate the same on your website. Thanking you, For and on Behalf of mt “a International Limited Mueed Kader Director < < DIN: 00106674 Cranes Software International Limited Correspondence Address: Ph: +91 80 6764 4800/4848 #82, Presidency Building, 3rd & 4th Floor, Fax: +91 80 6764 4888 St. Marks Road, Bengaluru - 560 001. Karnataka Email: training@cranessoftware.com 14 August 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Dear Ma‘am/ Sir, Subject: Submission of Audited Financial Results for the Quarter ended 30.06.2026 under Regulation 30 & 33 of SEBI (LODR) Regulations,2015 Ref: Cranes Software International Limited (Scrip code: 512093) We wish to inform you that pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, as amended from time to time, we enclose the following: 1. Standalone Un-audited Financial Results of the Company for the quarter ended 30.06.2026. 2. Consolidated Un-audited Financial Results of the Company for the quarter ended 30.06.2026. 3. Other ancillary documents We request you to take the above on record and disseminate the same on your website. For and on Behalf of “raine ne International Limited Mueed Khader Director~ DIN: 00106674 INBIA Chaturvedi Sohan & Co. Chartered Accountants FRN - 118424W INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOL IDATED FINANCIAL RESULTS To the Board of Directors Cranes Software International Limited Bengaluru 1. We have reviewed the consolidated unaudited financial results of Cranes Sottware International Limited (the "Company") for the quarter ended 30" June, 2026 which are included in the accompanying ‘Statement of Unaudited Financial Results for quarter ended 30th June, 2026 together with the relevant notes thereon (the "Statement") being submitted by the company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by SEBI from time to time. 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 and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) including relevant circulars issued by SEBI from time to time. Our responsibility is to express a conclusion on the Statement based on our review. 2. 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. 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 the Standards on Auditing specified under section 143(10) of the Act, 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. Page 1of5 320, Tulsiani Chambers, Nariman Point, Mumbai 400 021. India. Tel: +91 22 2281 5154 /56, Dept. E-Mail: Group: chaturvn @gmail.com / Billing: acc@ ocacuhatunrvetdi.csom / Audit: audit @cachaturvedi.com Tax: tax@cachaturvedi.com / Finance: finance @cachaturvedi.com / Website: www.cachaturvedi.com 3. The ‘statement’ includes the result of the entities mentioned below (a) Analytix Systems Private Ltd (b) Caravel Info Systems Private Ltd (c) Cranes Varsity Private limited (d) Proland Software Private Ltd (e) Systat Software Asia Pacific Ltd (f) Systat Software Gmbh (g) Systat Software Inc 4. Basis of Qualified Conclusion Due to the negative net-worth and pending cases, it cast a significant uncertainty on the company ability to continue as a going concern, however the management is hopeful for recovery hence the financial results are prepared on going concern basis. In our opinion, the company should not prepare the accounts on the basis of Going concern. ii. Legal proceedings u/s.138 of the Negotiable Instruments Act has been initiated by Bank of India against the company and the directors. Negotiations is going on with Bank of India as per the directions of the court. There has been no change in the legal status in the current quarter. The Company has not deducted and also defaulted in accounting and payment of various statutory dues to various statutory authorities. In our opinion the securities provided to Banks are not adequate to cover the amounts outstanding to them as on the date of Balance Sheet. Expected Credit Loss: Following assets are non-performing in nature hence. As per IND AS 109 “Financial Instruments” the company needs to provide ECL by following lifetime ECL model. Particulars Amount Investment 3,215.88 Lakhs Loan & Advances 902.16 Lakhs Trade receivables 926.24 Lakhs The company has not provided expected credit loss on investment made in US Subsidiary Rs. 926.24 Lakhs and receivable from US subsidiary amounting to Rs. 926.24 lakhs. Had the same thing provided loss for the quarter would have been higher by Rs.926.24 lakhs. We have not been provided the balance confirmations for the above assets. vi. Loan availed by the company from 'UPS Capital Business Credit’ remains unpaid and is overdue since April 2014. The management is of the view that the liability of INR 696.37 lakhs (including interest) reflected in the Page 2 of 5 Dividend Distribution Tax and the like, not deposited by the Company in favour of the respective statutory authorities. xiii. The company has not complied with RBI guidelines since March 2011. Xiv. Central Bureau of Investigation (CBI)filed a chargesheet in the court of XVII Additional Chief Metropolitan Magistrate, Bangalore (Special Court for CBI cases) vide CC No.26840/2023 against Cranes Software International Limited ("the Company"), its Directors, erstwhile director and another by complaint bank (Bank of India). The said charge sheet was taken cognizance by the Additional Chief Metropolitan Magistrate, Bangalore on 16" October 2023. On the application of the Company and its Directors, the honourable High Court of Karnataka of Bangalore vide its order dated 17'November 2023 passed on interim order staying its all further proceedings against the Company and its director. XV. The company has n [Showing first 8,000 characters — download PDF for full document]