We are enclosing herewith : 1. Standalone and Consolidated Financial Results for the Qrt & Half year ended 30/09/2025 2. Review Reports of the Auditors on the aforesaid Financial Results

Qualified audit opinionEmphasis of matterRevenue growth above 20%Profit growth above 25%Related-party transactionsContingent liabilities increasedResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+11.8%Reaction day

₹12.50

prior close

₹14.89

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%+11.2% vs market

Other Industrial Products peers, median of 23sector+1.0%+10.8% vs sector

On the reaction day the stock moved 11.2 pts more than Nifty Microcap 250 and 10.8 pts more than its Other Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-4.6

10m

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15m

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30m

-5.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+11.8+0.6+11.2+1.0+10.8

Next day

+9.5-0.2+9.7-1.3+10.8

+10.4-0.4+10.8-1.0+11.4

+8.3-0.7+9.0-1.5+9.8

+5.8-2.2+8.1-1.4+7.3

+0.2-2.8+3.0-3.0+3.2

-1.3-1.4+0.1-4.4+3.1

15d

-4.1-7.0+2.9-5.8+1.7

-2.8-6.1+3.3-6.6+3.8

-11.0-9.2-1.8-10.0-1.1

-20.3-6.8-13.5-13.1-7.2

UpDownMarket · Nifty Microcap 250Sector · Other Industrial Products peers, median of 23Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mauria Udyog posted a strong H1 FY26 with standalone revenue from operations of Rs 27,170.25 lakhs, up roughly 49% from Rs 18,213.33 lakhs in H1 FY25. Standalone profit after tax nearly doubled to Rs 1,725.30 lakhs (vs Rs 867.64 lakhs), with EPS rising to Rs 1.30 from Rs 0.65. The manufacturing segment drove the gains; the trading segment remained small. The board also appointed Mr. Davinder Kumar Gupta as new CFO with effect from Nov 14, 2025. However, the statutory auditor (NKSC & Co) issued a Qualified Opinion on both standalone and consolidated results, flagging non-valuation of unquoted equity investments, non-application of the expected credit loss model on trade receivables, and non-recognition of liability/contingent liability in the Amrapali–Sureka Group matter where the Supreme Court had directed deposit of Rs 16,700 lakhs. The auditor also drew an Emphasis of Matter on Rs 7,092.02 lakhs of disputed trade receivables (net of Rs 3,278.17 lakhs provision) and on a pending SEBI interim order asking the company to deposit Rs 2,619.69 lakhs.

Likely market impact

Strong top-line and bottom-line growth is positive for shareholders, but the qualified audit opinion, ongoing SEBI proceedings, and the large unresolved Amrapali/Sureka Group contingent exposure are material risks that could weigh on the stock and restrict fundraising or market access until resolved.