Alphageo India : Q1-April - June 2026-27 - Standalone

«4LPIJd O (INDB) LIMITED

Plot No. 686, Road No: 33, Jubilee Hills, Hyderabad - 500033 Tel +91-40-23550502 / 23550503 / 23540504

E-mail: [email protected], Website: https://www.alphageoindia.com

Statement of standalone unaudited financial results for the quarter ended 30th June, 2026

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CIN : L74210TG1987PLC007580, Regd. Office : 802, 3abukhan Estate, Basheerbagh, Hyderabad - 500 001, INDIA

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1. The above standalone unaudited financial results for the quarter ended 30th June 2026 as reviewed by the audit committee and have been considered and approved by the Board of Directors at its meeting held on August 11, 2026. The statutory auditors of the company has expressed an unmodified opinion on these results.

2. The statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable and in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requiresments) Regulations, 204 5 as amended.

3. The company is engaged in the business of "Geophysical data acquisition, processing and interpretation services" and therefore, has only one reportable segment in accordance with Ind AS 108 "Operating segments".

4. The figures for the quarter ended 31st March 2026 are the balancing figures between audited figures for the full financial year and the reviewed year to date figures up to the third quarter of the respective financial year.

5. During the financial year 2021-22, the Income Tax Department raised a demand on the Company in connection with disallowance of excess depreciation claimed on import of machinery, amounting to Rs. 601.53 lakhs. Further, during the financial year 2024-25, the Managing Director received a separate tax demand of Rs. 1,644.78 lakhs in his personal capacity in relation to the same matter, which has been indemnified by the Company and accordingly recognised as a non-current income tax asset.Based on external expert opinion obtained and management's assessment of the facts and circumstances of the case, the Company believes that the matter is defensible on merits and the likelihood of an outflow of economic resources is not probable. Accordingly, no provision has been recognised in the financial statements in respect of this matter.The aggregate exposure in respect of the above matter amounting to Rs. 2,246.31 lakhs has been disclosed as a contingent liability.

6. During the financial year 2022-23, the Directorate of Enforcement provisionally seized fixed deposits aggregating Rs. 1,601.08 lakhs alleging contravention under the provisions of FEMA, 1999. During the financial year 2025-26, the Company received a show cause notice dated 29 January 2026 from the adjudicating authority in relation to the aforesaid matter. The matter is presenUy under adjudication.Based on legal opinion obtained, management believes that the Company has a strong case on merits and the likelihood of material outflow is not probable at this stage. Accordingly, no provision has been recognised in the financial statements in respect of this matter. However, considering the pending proceedings, the matter has been disclosed as a contingent liability.

7. The figures for the corresponding previous period have been reclassified / regrouped wherever necessary to conform to current period classification.

Dinesh Alfa

I N D I A

MAJETIR CO

Chartered Accountants

INDEPENDENT AUDITORS REVIEW REPORT ON THE UNAUDITED STANDALONE FINANCIAL RESULTS OF ALPHAGEO (INDIA) LIf'4ITED FOR THE QUARTER ENDED 30 3UNE 2026 PURSUANT TO THE REGULATION 33 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREI"4ENTS) REGULATIOhlS, 2015, AS AMENDED

Review Report to

The Board of Directors

ALPHAGEO (INDIA} LIMITED

1. We have reviewed the accompanying statement of unaudited standalone financial results of ALPHAGEO (INDIA) LIF4ITED (the 'Company') for the quarter ended 3une 30, 2026 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015 ('the listing Regulations') as amended.

2. 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 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 tndia. Our responsibility is to express a conclusion on the Statement 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. 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 procedures 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.

4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('lnd AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

5. Emphasis of flatter

   
   
   

   • We draw attention to Note no 6 to the Statement regarding ongoing proceedings under the Foreign Exchange Management Act, 1999 (FEMA), in relation to which fixed deposits aggregating to Rs. 1,601 ,08 lakhs of the Company continue to remain under seizure/frozen from the year 2022 -23, pursuant to actions initiated by the Directorate of Enforcemen t.

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FlYDEfiABAD'

Address : 109, Metro Residency I 6-3-1247, Rajbhavan Road I Khairatabad, Hyderabad - 500 082 I Telangana E-mail : kiran@ majeti.co.in

During the Financial year 2025-26, the Company has received a show cause notice from the adjudicating authority in connection with the said matter. Based on legal opinion obtained by the management and considering the current status of proceedings, management has assessed that no provision is presently required in respect of this matter and has disclosed the same as a contingent liability in the financial statements.

• As mentioned in Note No. 5 to the Statement, during the financial year 2024-25, the Managing Director received a tax demand of Rs. 1,644.78 lakhs in connection with an ongoing tax matter pertaining to the Company. The said amount, being indemnified by the Company, has been recognised as a non-current income tax asset. The aggregate exposure of Rs. 2,246.31 lakhs (including an existing demand on the company of Rs. 601.53 lakhs) has been disclosed as a contingent liability. Based on external expert opinion obtained by the management, no provision has been recognised in the financial statements in respect of this matter.

Our Opinion is not modified in respect of above matters.

Hyderabad August 11, 2026

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For h4A3ETI & Co., Chartered Accountants

HYOERABAp

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Kiran umar Majeti

Firm's Registration Number: 015975 S

Partner

Membership Number: 220354

UDIN : 26220354PJKNWT6666