Financial results for the quarter ended on 30th June 2026

Date: 20th August 2026 The General Manager, Listing Department, BSE Limited, 1st Floor, New Trading Wing, Rotunda Building, P.J. Towers, Dalal Street Fort, Mumbai-400001 Dear Sir/Ma’am, Sub: Financial Results for the Quarter ended 30th June 2026 - Regulation 33(3)(a) of SEBI (LODR) Regulations, 2015. Ref: Company Scrip Code: 530713 With reference to the subject cited, it is hereby informed that the Board of Directors of the Company at their meeting held on Friday, 14th August 2026 at 06.00 PM. and concluded at 6.30 P.M Inter alia, considered and approved the Standalone and Consolidated unaudited Financial Results for the Quarter ended 30th June 2026. Copy of Standalone and Consolidated unaudited Financial Results for the Quarter ended 30th June 2026, along with copy of Limited Review Report is enclosed herewith. Kindly take the same on record and acknowledge the receipt of the same. Thanking You, Yours Sincerely, For Ajel Limited Srinivasa Reddy Arikatla Managing Director DIN: 01673552 Encl: As above. Ajel Limited Branches: Regd. : 106, Link Plaza Commercial Complex, Hyderabad, Telangana, India Bengaluru, Karnataka, India New Link Rd, Oshiwara, Jogeshwari (W), Mumbai-400102 Princeton, NJ, USA ☎ +91 22 2639 8888 ● +91 22 6645 9888 📠📠 San Francisco, CA, USA http://www.ajel.in ● info@ajel.com CIN: L67120MH1994PLC076637 Date: 20th August 2026 The General Manager, Listing Department, BSE LIMITED Dept. of Corporate Services Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001 Dear Sirs/Madam, Subject: Declaration pursuant to Regulation 33 (3) (d) of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ref: Company Scrip Code: 530713 DECLARATION I, Srinivasa Reddy Arikatla, Managing Director of Ajel Limited (CIN: L67120MH1994PLC076637) having its Registered office at 106 2nd Floor LinkPlaza/Mhada shopping Complex New Link Rd Jogeshwari Mumbai - 400102 hereby declare that, the Statutory Auditors of the Company, M/s. GMK & CO LLP (FRN: S200357), have issued a Limited Review Report with an unmodified opinion on the Standalone and Consolidated unaudited Financial Results for the Quarter ended 30th June 2026. This Declaration is given in compliance to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended by the SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulation, 2016 vide notification No. SEBI/LADNRO/ GN/2016-17/001 dated May 25, 2016 and Circular no. CIR/CFD/CMD/56/2016 dated May 27, 2016. Kindly take this declaration on your records. Thanking You, Yours Sincerely, for AJEL LIMITED SRINIVASA REDDY ARIKATLA MANAGING DIRECTOR DIN: 01673552 Ajel Limited Branches: Regd. : 106, Link Plaza Commercial Complex, Hyderabad, Telangana, India Bengaluru, Karnataka, India New Link Rd, Oshiwara, Jogeshwari (W), Mumbai-400102 Princeton, NJ, USA ☎ +91 22 2639 8888 ● +91 22 6645 9888 📠📠 San Francisco, CA, USA http://www.ajel.in ● info@ajel.com CIN: L67120MH1994PLC076637 Date: 20th August 2026 The Board of Directors AJEL LIMITED 106 2nd Floor Link Plaza/Mhada Shopping Complex New Link Rd, Oshiwara, Jogeshwari Mumbai - 400102 Dear All, Sub: Certificate under 33(2) (a) of SEBI (LODR), 2015 This is to certify that the financial results of the Company for the quarter ended 30th June 2026, as placed before the Board, do not contain any false or misleading statement or figures and do not omit any material fact which may make the statements or figures contained therein misleading. Thanking You, Yours Sincerely, For AJEL LIMITED SRINIVASA REDDY ARIKATLA MANAGING DIRECTOR DIN: 01673552 Ajel Limited Branches: Regd. : 106, Link Plaza Commercial Complex, Hyderabad, Telangana, India Bengaluru, Karnataka, India New Link Rd, Oshiwara, Jogeshwari (W), Mumbai-400102 Princeton, NJ, USA ☎ +91 22 2639 8888 ● +91 22 6645 9888 📠📠 San Francisco, CA, USA http://www.ajel.in ● info@ajel.com CIN: L67120MH1994PLC076637 Limited Review Report on Unaudited Standalone Financial Results for the quarter ended on 30 June 2026 The Board of Directors, AJEL Limited, 106, 2nd Floor, Mahada Shopping Complex, New Link Road, Jogeshwari, Mumbai - 400102. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of AJEL Limited (‘the Company’) for the period ended 30 June 2026 (‘Statement’) attached herewith, being submitted by the Company pursuant to the requirements of Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time (“Listing Regulations”). Our responsibility is merely restricted to review the financial figures in the said and issue a report in this regard where no in-depth audit procedures have been performed. This Statement, which is the responsibility of the Company's Management and approved by the 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, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is merely restricted to review the financial figures in the said and issue a report in this regard where no in-depth audit procedures have been performed. 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 Auditors of the Entity’ issued by the Institute of Chartered Accountants of India (ICAI). A review of interim consolidated financial information consists of making inquiries, primarily of 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 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. We have not performed an audit and accordingly, we do not express an audit opinion. Further, we have obtained the financial information pertaining to the operations of the branch in United States of America from the management of the Company for the said period under review and have not performed any audit procedures on the same prior to considering them in the review of Standalone Financial results for the said period ended on 30 June 2026. However, we draw attention to the below-mentioned a) Amounts directly attributable to project expenses during the financial year ended 31.03.2024 have been considered as an Intangible Asset under development owing to the Memorandum of Understanding entered into between the Company and Transcord Telscape Private Limited dated 15.10.2022. The same is continuing to be a part of the ensuing financial statements. Page 1 of 2 b) The Company has availed a Cash Credit facility amounting to INR 5,00,00,000 (Five Crore Rupees only) from Bank of Maharashtra, Hyderabad for the purpose of servicing the expenses pertaining to the ongoing project activities out of which INR 3,00,00,000 (Three Crore Rupees only) has been advanced to Transcord Telscape Private Limited towards advance for services. c) The company during year 2023-24 has availed a loan amounting to Rs.5 crore (Rs.1 crore being for working capital under MSME categorization and Rs.4 crore being loan repayable on demand from Bank of Maharashtra, wherein, the said loan facility, during the year 2024-25, owing to non-repayment of interest and principal the loan account has been declared as a Non- performing Asset (‘NPA’) on 08th October 2024, the status of which still remains the same. d) We were not provided with requisite details, as to confirm the balance of Trade payables and loans & advances (Receivables) of the Company standing [Showing first 8,000 characters — download PDF for full document]