GOCL : Financial Results Mar 2025

May 22, 2025

GOCL Corpoation Limlted

IDL Road, Kukatpally,

Hyderabad.500D72, Telangana, India.

T : +91 (40) M810B71-9

F : +91 (40) 23813860. 2381M15

BSE Limited

Pluroze Jeejeebhoy Towers,

Dala:1 Street,

Mumbai-4'00001

Fax:022-22723121/2027/2041f206l/3719

Through.' BSE Listing CentFC

Dear Sir / Madam,

National Stock Exchange of India Limited

Exchange Plaza, C-1, Block G, Bandra-Kurla Complex Bandra (E), Mumbai - 400051

Fax:022-2659 8237/38, 2659 8347/48

Through.’ NEAPS

Outcome of Board Meeting — Approval of Standalone and Consolidated Audited Financial Results of the Company for the fourth quarter and financial year ended 31" March, 2025 and other matters.

Ref: BSE Scrip code: 506480, NSE Scrip symbol: GOCLCORP

Pursuant to Regulation 33 read with Regulation 30 of the SEBI (LODR) Regulations, 2015 and other applicable provisions, we hereby inform that the Board of Directors of the Company, at its meeting held today, has:

1. Approved and taken on record the Audited Financial Results (Standalone and Consolidated) for the fourth quarter and financial year ended 31" March, 2025 and the same are enclosed along with the Auditors Reports with Unmodified Opinion on the aforesaid audited financial results.

2. Recommended a Dividend of Rs. 10.00 per share (500%) for the financial year 2024-25.

The said Dividend (final dividend) shall be paid to the eligible shareholders within thirty

(30) days from the date of approval of the Shareholders at the ensuing Annual General

Meeting (AGM) of the Company, subject te deduction of applicable tax.

The date of the AGM and the Record Date / Book Closure period for the purpose of

payment of Dividend will be informed in due course

The meeting of Board of Directors commenced at 12:15 p.m. and concluded at about NN

p.m. A copy of this letter will be made available on the website of the Company i.e. www,goclcoro.com.

Thanking you,

Yours faithfully

For GOCL Corporation Limited

A. Saq'anarayana

Company Secretary

Encl: As above

INDEPENDEHT AUDITOR'S REPORT

To the Board of Directors of GOCL Corporation Limited

Report on the Aud1t of the Consolidated Annual Financial Results Opinion

We have audited the accompanying consolidated annual financial results of GOCL Corporation Limited (hereinafter referred to as the "Holding Company”) and its subsidiaries (the Holding Company and its subsidiaries together referred to as “the Group"), for the year ended March 31, 2025 (“the Statement”), attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 20] 5, as amended (‘Listing Regulations’ ).

In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of other auditor on separate audited financial of the subsidiaries, the aforesaid Statement:

1. includes the annual financial results of the following entities:

   Sr. No.	Name of	the	Entity	Relationship
   1 2	GOCL Corporation Limited IOL Explosives Limited HG Ho dings Li ted U	""		Holding Company Wholly Owned Subsidiary
   				Wholly Owned Subsidiary

2. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and

3. gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards, and other accounting principles generally accepted in India, of net profit and other comprehensive income and other financial information of the Group for the year ended March 31, 2025.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Companies Act, 2013 (“Act”j. Our responsibilities under those SAs are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group, in accordance with the Code of Ethics issued by the Institute of ChaKered Accountants of India (“ICAI”) together with the ethical requirements that are relevant to our audit of the Statement under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibi(ities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in “Other Matters” paragraph below, is sufficient and appropriate to provide a basis for our opinion.

Haribhakti & Co. LLP, Chartered Accountants Regr.. No. AAC- 3?68, a limited liability partnership registered in India (converted on 17th JUne, 2014 from a firm

+daribhakti & Co. FRN: 103523a)

Registered oHices: ?0S, Leela 8usiness Park, Andheri-Kurla Road, Andheri {E), Mumbai — 400 059, India. Tel: +91 22 6672 9999 Fax: +91 6672 9777 0her offices: Ahmedabad, 8engaluru, Chennai, New Delhi, Kolkata, Rajkot, vadodara

Management's and Board of Directors' Responsibilities for the Consolidated Annual Financial Results

The Statement has been prepared on the basis of the consolidated annua( financial statements. The Holding Company's Management and the Board of Directors are responsible for the preparation and presentation of this Statement that give a true and fair view of the net profit and other comprehensive income and other financial information of the Group in accordance with the recognition and measurement princip(es (aid down in Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Management and the Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparat1on and presentation of the respective financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Statement by the Directors of the Holding Company, as aforesaid.

In preparing the Statement, the respective Management and the Board of Directors of the companies included in the Group are responsible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Management and the Boardof Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.

The respective /yanagement and the Board of Directors of the companies included in the Group are responsible for overseeing the financial reporting process of the Group.

Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high leve( of assurance, but is not a guarantee that an audit conducted in accordance wlth SAs wilt always detect a material misstatement when it exists. Misstatements can arlse from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economicdecisions of users taken on the basis of this Statement.

As paK of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detectin• a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

  LLP

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion through a separate report on whether the Holding Company has adequate internal financial controls with reference to financial statements in ptace and the operating effectiveness of such contro(s.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made in the Statement by the Management and the Board of Directors.

• Conclude on the appropriateness of the Management and the Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.

• Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the entities within the Group to express an opinion on the Statement. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Statement of which we are the independent auditors. For the other entities included in the Statement, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.

We communicate with those charged with governance of the Holding Company and such other entities included in the Statement of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit find1ngs, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance Cth a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationsh1ps and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

We also performed procedures in aCcOrdance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

1. The Statement includes the audited Financial Results of one subsidiary whose financial statements reflects Group's share of total assets of Rs. 195,225.64 lakhs as at March 31, 2025, Group's share of total revenues of Rs. Nil and Group's share of total net profit after tax of Rs. 747.52 lakhs, Group's share of total comprehensive income of Rs. 2,805.47 lakhs and net cash outflow of Rs. 326.80 lahhs for the year ended March 31, 2025, as considered in the Statement, which have been audited by other independent auditor. The independent auditors* report on financial statements of this entity have been furnished to us by the management and our opinion on the Statement, in so far as it relates to the amounts and disclosures 1ncluded in respect of this subsidiary, is based solely on the report of the such auditor and the procedures performed by us are as stated in paragraph above.

   The subsidiary company is located outside India whose financial statement have been prepared in accordance with accounting pr1nciptes generally accepted in that country and which have been audited by the independent auditor under generally accepted auditing standards applicable in the said country. The Company's Management has converted the financial statements of such subsidiary located outside India from accounting principles generally accepted in that country to accounting principles generally accepted in India. We have audited these conversion adjustments made by the Holding Company's Management. Our opinion in so far as it relates to the balances and affairs of such subsidiary locates outside India is based on the report of its independent auditor and the conversion adjustments prepared by the Management of the Holding Company and audited by us.

   Our opinion on the Statement is not modified in respect of the above matter with respect to our reliance on the work done and the report of the other independent auditor.

2. The Statement includes the consolidated financa results for the quarter ended March 31, 2025, being the balancing figure between audited figures in respect of full financial year and the published unaudited consolidated year to date figures up to the third quarter of the current financial year which were subject to limited review by us.

For Haribhakti & Co. LLP

Chartered Accountants

lCAl Firm Registration No.103523W/W100048

Membership NO 048539

Sn atshah Panner

Place: Mumbai Date : May 22, 2025

GOCL Corporation Limlted

Registered Office: IDL Rosd, Kuketpelly,

Hyderabad-600 fi72 Ph: 040-238¥087t-9 Fax: 040-238t3860 CIN - L24202TG1961PLC00087G

Webelte: https://www.gocIcorp.com; Emall ID: [email protected]

STATEMENT OF AUDITED CONSOLIDATED FIN1NCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2025.

Ra. In Lathe

(

Mata : Pertabik›g to Enerpltks DMeton bdng claaalfled as Dlscanttued Opearlons

Notec:

The abo¥a audited couolldated flnanslat Insults have been piapatsd In accordance with Indian Accounting Standalda ('{rd AS') prescrlbed under season 133 of fje Companlas Act, 2013 •nd altar scoounhig prlncg4ea generally accepted In indla and In teme of Reguletlon 3S of lhe 6EBI (Llailng Obllgatlona end Dlacloeure Reqdumenta) RagvI4Ion», 2015. Thaaa sudtad conadldeted jinaridal feMta for the quarter and year ended Maml 31. 2026 have been revlewsd by the Audlt Committee meeting hald on Islay 22, 2026 and approved by 0s Board of Dira‹xors efthe CamPany et is meeting held on Msy 22, 2026. Thaae finand4 raeults hwe been subjected Io audlt by the Statutory AudiBrs ol the Company and tha

2 On 1 Mafdt 2022. HQHL Holdkt$s Mndted {who0y owred aubddlsty) tiaa enBrad Into Addendum to atiars purchase agreement wltlt ACHT Investment Limlted (AcI•tT} whereby ACHT has givan a tm cotmdtmant la buybsck tf›s ehares of 57 Wtthehctl Inveatrnente SARL fram the aubaldlay Company. The put optlon In the ab0ve agreement Ie accounted es a derlvatf¥e Tn aocordanoe with Ind AS 10g. Due e auaptlonel cunwicy nuctuetiori baMeen O6P ard USD, the unfedleed exchange loss on the put optlon cmounyng to Re. 1,030.65 kths, Oatn of Rs. 672J5 Lakhe and Galn of Ra. 909.00 IakIa and Loca of Ra. t04.96 lakhs haa been dae4lfled aa an exceptional ham In the audI‹ad conaolldatad flnandal results for 0w yeer ended Mms 3t, 2025, quarter aedad Mamh 91, 2ON, yaar ended Mamft 91, 1024 and quarter anded March 31, 2024, taapectlvely.

Tha figures tx ea quarter anaaa Mamh st, 2ozs/ used zi, 2o24 ara tha balancing ngurae betw•a« the audltad oonaolideiad financlal results for be year endad Mamh 31, 2o2s/ jdarch 8s, 2024 and tha ptAliafad unaudeed oonaalldatad tnanslal faeulD for the perlod ended Daoamber 31, 2024/ Dacaniber 31, 2023 whloh were subjected Ie llmked rsvkw.

Tea Board has recommended a DMdend of Rs. 10/• pat chare (S00%) for the financial year 2024-25 aubJeQB approval ol Members at the eneulng Annual General lasting.

5 Tf›e Baatd of Dkactocs In tfa na•¥ng da6ad Odobar M, 2023, decidedB consolidate Ita exploelvas and detonators bualneaa at Rourkela, where the knd and editing facllittet wefa abaady svsllable and aoaxdlngly, emeiad Inc a Memorandum ol Understanding (MoU) on Mamh 27, 20M with 6quarespace Bulldets Pflvate LlmiQd, Hyderabad jar aaja of the Company^s Schedubd Pfopedy ot264.50 aoas of land skuated at Xukatp4ly, Hyderabad. for a total oonalderatlon of Ra. 3,41,600 lakha.

The boerd of cN ixore on November ZS. 2024 desldad to Na¥e the detonatafa and othar blastlng devbe0 manufactul1ng opemlona at Kukatpally, Hyderabad Md initfsBd the raqvlalta

M at Search 3t, 2oZ5, 0a company has ptaaented tha detonators and other Naetlng devices manufacturlng operatlons ac *Dlaoontinued operation’ and Ija related aaaets as ‘assets ie i for sale' w+d llebfllty as "Uabtlitles direc¥y a¥aodeted wI0t the assert held far sele" and valued k at Io¥er af carrying value and felr valua leaa coat to cell In eooordencs w1k the iuo ws 105 (Non-cunar4 aaaets laid for tale and dlt‹x tlnued oparatlon). Ajoreeeld essete and Sabillgea have not been reclaselfled or Ie-presented for prlor paflod Le. year erldad

Fu/1t›ar, ttla nat faaulta of detonators and other blastlng devlcae mmufadurlng opetsilons have baen dledosed sapamely ae dleoontlnued operctlon es requlred by Ind As 05. Conaaguently, the Caupany'a Statement of Pfofit and Losa fof ¥ie quarter/year ended Mafch 31, 2025 presented peMlne to lta oontinuing opera¥onc only and lbr tjjat purpose the 6tatenent of Ptofh afcl Loas for the quarter/yeacendedUcrch 31, 2024 hac been raahted accordingly a make Mem comparable.

S uer4 e Oje Bdanoe 8heat data, tha Boafd at DIfadors of the Company ki theh meetlng held on May 2, 2025 haa approled dIvestlt›ent of emlfe equlfy ehafeholding held by the Company bi iDL Exptodvaa undte‹t vd›oIfy•owned eubablaly of the Company, In Gvouc of ApoKo DUenca induatrles Private Mmltad tApolio) for en aggregate oontlderatlen or Re. 10,700 lakla {hide Rupaaa Ten tfouser›d 6evan hundred lekhe only) subject to obtalnlng catain appfovala lmluding ffom ahareholdera and fulfilment of other co«dhiona of Ghara Pufdjaaa Apfeement dated May 2, 2025 beMean tha oompany, Apollo and IDL Exploatva Mmitad. Awfdingly, no adjuclmante heva baan made in the accompanylng audited Conaotldatad sjrlual fl€lanclal zaaulta.

'Tke zguree fortes ptevloua quadar/ part•d/ye•r have bee«regroupea/rearungedwherever raoseeary to oonfom u be current quarleu' periods year ciesalflcatleri.

Tta abave sudjlad Coroolldated ftnanctds rasulta ate alao svalfabla on the 6tock Exchanges website i.e.https://www.beeIndla.com, wuvr.nselndla.com and die Company's web4ke

By Order of the Bosrd For GOCL Corpo tion Limlted

ay 2

3026

Ravi Jain Whole Time Director and Ch FI nclal Officer

DIN : 0B4B4BBg

INDEPENDENT AUDITOR'S REPORT

To the Board of Directors of GOCL Corporation Li mited

Report on the Audit of the Standalone Annual Financial Results

Opinion

We have audited the accompanying standalone annual fJnanc›al results of GOCL Corporation Limited (“the Company”) for the year ended March 31, 2025 (“the Statement”), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations').

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid Statement:

(J) Is presented in accordance with the requirements of Regulation 33 of the Listing RegtJlations in this regard; and

(ii) gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards, and other accounting principles generally accepted in India, of net profit and other comprehensive income and other financial Information of the Company for the year ended March 31 2025.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Companies Act, 2013 (“Act”). Our responsibJlJties under those SAs are further described in the Auditor's Responsibilities for the Audit of the Standalone Annual Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountanotsf India (“lCAl”) together with the eth1cal requirements that are relevant to our audit of the Statement under the provJsJons of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basfs for our opinion.

Management's and Board of Directors' Responsibilities for the Standalone Annual Financial Results

The Statement has been prepared on the basis of the standalone annual financial statements. The Company's Management and the Board of Directors are responsible for the preparation and presentation of this Statement that give a true and fair view of the net profit and other comprehens1ve income and other financial information of the Company in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section t33 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted tn India and in compliance with Regulation 33 of the Listing Regulations. This responsJbJlity also includes maintenance of adequate accounting records tn accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial Controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and is free from material misstatement, whether due to fraud or error.

Nazibhakti & Co. LLP, Chartered Accountants Regn. No. AAC- 3768, a limitedliability partnership registered in India (converted on 17th June, 2014 from a firm Haribhakti & Co. FRht: 103523W)

Registered offices: 705, Leela Business Pars, Andheri-Kurla Road, Andheri (E), Mem bai - 400 059, India. Tel: +91 22 6672 9999 Fax: +9 1 6672 9777 Other ofhces: Ahmedabad, 6engalur u, Chennai, New Delhi, Kolkata, Rajkot, vadodara

iiAR I BI-éAKTI 1 CO. LLP

In preparing the Statement, the Management and the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Management and the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Management and the Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Standalone Annual Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that 1ncludes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs wilt always detect a material misstatement when it exists. Misstatements can arlse from fraud or error and are considered material Jf, Individually or in the aggregate, they could reasonably be expected to influence the economic decJstons of users taken on the basis of this Statement.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional

skept›cism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The rlsk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(1) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of financial statements on whether the Company has adequate internal fJnancJal controls with reference to financial statements in place and the operating effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made in the Statement by the Management and the Board of Directors.

• Conclude on the appropriateness of the Management and the Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast sign1ficant doubt on the Company's ability to continue as a going concern. If we conclude that a matenal uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, Jf such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overal[ presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.

HA R 1 BH ñ l*Tl "R cO. LLP

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we Identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them al[ relationships and other matters that may reasonably be thought to bear on our Independence, and where applicable, related safeguards.

Other Matter

The Statement includes the results for the quarter ended March 31, 2025, being the balancing figure between audited figures in respect of full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us.

Our opinion is not modified in respect of this matter.

For Haribhakti 6 Co. LLP Chartered Accountants

ICAI Firm Registration No.103523W / W100048

Snehal Shah

Partner

Membership No. 048539

Place: Mumbai Date: May 22, 2025

GOCL Corporation Limited

Registered Office: IDL Road, Kukatpally,

Hyderabad-500 072 Ph: 04D-23810671-9 Fax: 040-23813860.CIN • L24292TG1861PLC000876

Website: https://www.goclcorp.com; Email ID: [email protected]

STATEMENT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUAfiTER AND YEAR ENDED MARCH 31, 2025.

Ra. n Lakhs

STANOALONE STATEMENT OF ASSETS ANO LIABILITIES AS AT MARCH 81, 202s. Rs.in Lskhs

8TMDALONE STATEMENT OF CA9H FLOWB’FOR THG YEAR ENDED UARCH 31,.302S Re.In Lakhs

Notes:

1 The above aixllted standalone Hnamlal results hevs bean prepared In accordance wlth Indlan Aocountlng Standards ('Ind AS’) preecrlbed under Sectlon 133 of the Companles Act, 2013 and other eccoufglng prlndples generally accepted In India and In terms of Regulation 33 of the GEBI {Llstlng Oblgationc and Olscloeure Requlrementa) Regulations, 2015. Yheae audited standalone financial resutta for the meaner and year ended Marah 31, 2025 have been reviewed by the Audit Cemmlttee Bnd approved by the Board of Directors of tha Company at its maetng held on May M, 2023. These financld iseulfs hsve been subjected to audit by tfte Statutory Auditors of the Company and the audltors have expressed an unmodlfted opinion.

As per Ird A6 108'Operatlng aegmente’, the Company has dlecloaed tha segment Information only as part of the eonsolldated financial reeult8.

TI+e figures ior tha quarlar erded March 31, 2025/ Mafch 51, 2024 are the balancing figures between thg BUdltad standalone financial reeults for the yaar ended March 31, 2025/ March 31, 2024 ard tha publlshed unaudkad standalone financial resulB for the parlod erded December 31, 2024/ December 31, 2023 whkh were subI«tedto llmltsd review.

The Board has recommended a DMdend of Rs.10/- per share 500% for the flnanclal yaar 2024-25 subject to approval of Members at tha ensulng Annual General Meeting.

t› 0

Subsequent to the Balance Sheet dete, tha Bonrd of Olfsctor8 of the Company In their meeting held on May 2, 2025 has approved dlvaetmam of entlre equlty 6harehotdlng held by the Company in IOL Explosives Linked, wholly-owned aubaldlary of the Company, In favour of Apollo Defanca Induetrlae PrlvBta Mmitad (Apollo) for an aggregate conslderagon of Rs.10,700 lakha subject to obtaining cenain approvals Indudlng from sharahoBarc and futfllment of otljer conditions of Share Purchase Agreement dated May 2, 2025 between the Company, Apollo arid IOL Exploeives Limited. Accotdlr›gly. no adjustments h8ve b0en made In the accompBnylng audited standalone annual financid results.

The aoaul of Dlreciors In the macgng dated October 25, 2023, decided to consolklate Ila 8xplo8ivea and detonators burmese at Rourkela, where the land and existing f0cilltlee were already avagable and accordlfiply, misled Into a Memorandum d Understanding on March 27, 2024 wlth Squarespace Builders Prlvata Limlted, Hyderabad for sala of the Company's Schadukd Property of 264.50 acras of land situ8tad at KukatpaBy, Hyderabad, fof a totd consideration of Rs. 3,41.800 Idths,

Tha board of directory an November 28, 201t declded to cease ths detonatore and othar blasting devices manufacturing operations at Kukatpally, Hyderabad and imitated th6 fBgUl4ltS 8 [XoV8l for the sema.

Aa at March 31, 2o25. the Company has preaented the detonators and othar blasting devlcaa manufacturing operafiona aa "Dlacontlnusd operation" and Its related assets as "asseD hald for sale* ard fiablilty aa "Llabllitles directly associated with tha aseeta held for eala" and valued it at lower of carrying value and fair value lesa cost to cell In accordance with the IND AB 105 (Non-cunent asaan held for sale ard discontinued operagons). Aforesalrl assets arid liabilities have not been feclBaslfled or re-pretended for prior period l.e. year ended March 31, 202t.

Further, tfa net reeds ol detonators and other blasting devices manufacturing operations have been dl8clossd separately as dlsoongnued operation as required by Ind AS POS. Consequently, the Company's Statement of Profit and Lacs for tha qU8rt0f/y6af ended March 31, 2025 presented partalna to Ite continuing operatlona only and for that purpoas the Statement of Profit and Lose in u» »«»‹/y« »aa u«w a1, 2024 has bean raatated accordingly to make them comparable.

The rasults of dbcontinued operations are praasnted below:

7 The fqurec fa the previous quarter/ year have been regrouped/rearranged wherever necessary to conform to the cunent quarter/ year dasslflcBtlon.

The above audted standalone flnartclala results are 8leo available on the Gtock Exchangaa website I.e.https://www.bee1ndIa.oom, https://www.nsalndla.com and the Company's website https://www.g0CI0orp.c0m,

for QOCL Corporati«» umu+a

Ravl Jaln Whole Tlme Director a Chle Fbmnclat Officer

DIN : 09184bB8