General Updates

GUJARAT THEMIS BIOSYN LIMITED CIN: L24230GJ1981PLC004878 REGD. OFFICE & FACTORY: 69/C GIDC INDUSTRIAL ESTATE, VAPI – 396 195, DIST. VALSAD, GUJARAT, INDIA TE: 0260-2430027 / 2400639 E-mail:hrm@gtbl.in.net Date: 25/08/2026 Department of Corporate Services Listing Department BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, G Block, Bandra Kurla Dalal Street Complex Bandra (East), Mumbai 400 051. Mumbai 400 001 Symbol: GUJTHEM BSE Scrip Code: 506879 Subject: Audited Financial Statements for the Financial Year ended March 31, 2026. Dear Sir/ Madam, We refer to our earlier intimation dated May 25, 2026, wherein it was informed that the Board of Directors in its meeting dated May 25, 2026, considered and approved, inter-alia, the audited financial results of the Company for the quarter and year ended March 31, 2026. In furtherance to the aforesaid intimation and pursuant to Regulations 30 and 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the audited financial statements of the Company for the quarter and year ended March 31, 2026, along with the audit reports issued thereon by the Statutory Auditor. Please note the same remains subject to adoption by the shareholders at the ensuing Annual General Meeting of the Company. The same are also made available on the website of the Company at www.gtbl.in. We request you to take the above on record. Thanking you, Yours faithfully, For Gujarat Themis Biosyn Limited Vineet Gawankar Company Secretary and Compliance Officer MUMBAI OFFICE: Themis House, 11/12 Udyog Nagar, S.V Road, Goregaon (West), Mumbai – 400 104 Tel: 91-22-67607080 / 28757836 Fax: 28746621 / 67607019 E-mail: gtblmumbai@gtbl.in Website Address: www.gtbl.in INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF GUJARAT THEMIS BIOSYN LIMITED Report on the Audit of the Ind AS Financial Statements Opinion We have audited the accompanying Ind AS financial statements of GUJARAT THEMIS BIOSYN LIMITED (“the Company”) which comprise the Balance Sheet as at March 31, 2026, the Statement of Profit and Loss (including Other Comprehensive Income), the Statement of Changes in Equity and the Statement of Cash Flows for the year ended on that date and notes to financial statements, including a summary of material accounting policies. In our opinion and to the best of our information and according to the explanations given to us, the aforesaid Ind AS financial statements give the information required by the Companies Act, 2013 (“the Act”) in the manner so required and give a true and fair view in conformity with the Indian Accounting Standards prescribed under section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015, as amended, (“Ind AS”) and other accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2026 and its profit, total comprehensive income, changes in equity and its cash flows for the year ended on that date. Basis for Opinion We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“ICAI”) together with the ethical requirements that are relevant to our audit of the Ind AS financial statements under the provisions of the Act and the Rules made thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on the Ind AS financial statements. Key Audit Matters Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the Ind AS financial statements of the current period. These matters were addressed in the context of our audit of the Ind AS financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. We have determined the matters described below to be the key audit matters to be communicated in our report. IAR/GTBL/FY 2025-26 Page 1 of 14 Key Audit Matter How was the matter addressed in our audit 1 Revenue recognition [refer note no. 2.2(h) and 20 to the Ind AS financial statements] Revenue is one of the key profit drivers and Audit procedures with regard to revenue is therefore susceptible to misstatement. recognition included testing controls, Cut-off is the key assertion in so far as automated and manual, around dispatches/ revenue recognition is concerned, since an deliveries, inventory reconciliations and inappropriate cut-off can result in material circularization of receivable balances, misstatement of results for the year. substantive testing for cut-offs and analytical review procedures. 2 Capital work-in-progress/Property Plant and Equipment (PPE) [refer note no. 2.2(a) and 4 to the Ind AS financial statements] The Company has made additions to the Testing the design, implementation and Capital work-in-progress/ Property, Plant operating effectiveness of controls in respect and Equipment of the ongoing units. Also, of review of capital work in progress, the company has capitalized a portion of its particularly in respect of timing of the capital work-in-progress considering them capitalization and recording of additions to as ready to use. The assets need to be items of various categories of PPE with source capitalized and depreciated once the assets documentation, substantive testing of are ready for use as intended by the appropriateness of the cut-off date management. Inappropriate timing of considered for project capitalization. capitalization of the asset and/or inappropriate classification of categories of We tested the source documentation to items of PPE could result in material determine whether the expenditure is of misstatement of Capital work-in-progress/ capital nature and has been appropriately PPE with a consequent impact on approved and segregated into appropriate depreciation charge and results for the categories. Further, through sites visits, we year. have physically verified the existence of capital work in progress/ PPE as at the reporting period. 3 Provisions and Contingent Liabilities [refer note no. 2.2(l) and 30(B) to the Ind AS financial statements] The Company is involved in some litigation Obtained an understanding from the that is pending with various authorities. management with respect to process and Whether a liability is recognised or controls followed by the Company for disclosed as a contingent liability in the identification and monitoring of financial statements is inherently developments in relation to the litigations, judgmental and dependent on a number of including completeness thereof. significant assumptions and assessments. These include assumptions relating to the Obtained the list of litigations from the likelihood and/ or timing of the cash management and reviewed their assessment outflows from the business and the of the likelihood of outflow of economic interpretation of local laws and judgements resources being probable, possible or remote at various levels of the statute. in respect of the litigations. This involved assessing the probability of an unfavorable outcome of a given proceeding and the reliability of estimates of related amounts. IAR/GTBL/FY 2025-26 Page 2 of 14 Performed substantive procedures including tracing from underlying documents / communications from the authorities and re- computation of the amounts involved. Assessed management’s conclusions and understanding precedents in similar cases. Other information The Company’s Board [Showing first 8,000 characters — download PDF for full document]