Captain Technocast Limited — Interim / Quarterly Report 2026

May 16, 2026

CAPTAIN TECHNOCAST LIMITED
CIN NO.: L27300GJ2010PLC061678
Manufacture of: Precision Casting, Investment (Lost Wax) Casting, of all Ferrous, Non Ferrous and Super Alloys...
ISO 9001:2015
TÜV Rheinland CERTIFIED
www.tuv.com ID 9105027278

Date: 16.05.2026

To,
Department of Corporate Services
BSE Limited,
Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai-400 001

Reg: Captain Technocast Limited (Scrip Code: 540652/Scrip ID: CTCL)

Sub: Outcome of board meeting dated Saturday, May 16, 2026

Dear Sir/Madam,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that Board of Directors in their meeting held on today, Saturday, 16th May, 2026 at the registered office of the Company situated at Survey No-257, Plot No. 4, N.H. No. 8-B, Shapar (Veraval), Rajkot, Gujarat, India, 360002 commenced at 04:30 p.m. and concluded at 05:40 p.m. has discussed, considered, approved and took on record following businesses:

1. Pursuant to the Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Board of Directors has approved Standalone audited financial results for the half year and year ended on 31st March, 2026. The copy of audited Standalone financial results is enclosed herewith along with Auditors Report issued by M/s. J C Ranpura & Co., Chartered Accountant, Statutory Auditor of the Company as reviewed by the Audit Committee and approved by the Board of Directors for the said period.

2. Pursuant to the Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Board of Directors has approved Consolidated audited financial results for the half year and year ended on 31st March, 2026. The copy of audited Consolidated financial results is enclosed herewith along with Auditors Report issued by M/s. J C Ranpura & Co., Chartered Accountant, Statutory Auditor of the Company as reviewed by the Audit Committee and approved by the Board of Directors for the said period.

3. Took note of compliances submitted with the stock exchange for the quarter, half year and year ended on 31st March, 2026;

4. Considered and approved by board to take approval of members for sale of Shares of Vartis Engineering Private Limited, Material Subsidiary of the company;

5. Considered and approved appointment of Mr. Kishor Dudhatra, Practicing Company Secretary, Ahmedabad as Scrutinizer for conducting the postal ballot process by electronic means (remote evoting) and postal ballot;

"Captain Gate", Survey No. 257, Plot No. 4,5 & 6/9, National Highway-27, Shapar(Veraval) - 360024. Dist. Rajkot(Gujarat), India. Phone : +91 - 2827 - 252411, Email : info@captaintechnocast.com, Websit : www.captaintechnocast.com

---

CAPTAIN TECHNOCAST LIMITED
CIN NO.: L27300GJ2010PLC061678
Manufacture of: Precision Casting, Investment (Lost Wax) Casting, of all Ferrous, Non Ferrous and Super Alloys...
ISO 9001:2015
TÜV Rheinland CERTIFIED
www.tuv.com ID 9106027278

1. Considered and approved draft notice of postal ballot including Explanatory statement and calendar of events of postal ballot for seeking approval of members for sale of Shares of Vartis Engineering Private Limited, Material Subsidiary of the company.

This is for your records and information.

FOR CAPTAIN TECHNOCAST LIMITED,
BHALU ANILBHAI
VASANTBHAI

Anilbhai Vasantbhai Bhalu
Managing Director
DIN NO.: 03159038
Encl: Copy of Financial Results & Independent Auditor’s report

"Captain Gate", Survey No. 257, Plot No. 4,5 & 6/9, National Highway-27, Shapar(Veraval) - 360024. Dist. Rajkot(Gujarat),
India. Phone : +91 - 2827 - 252411, Email : info@captaintechnocast.com, Websit : www.captaintechnocast.com

---

CAPTAIN TECHNOCAST LIMITED
ISO 9001:2015
CIN NO.: L27300GJ2010PLC061678
Manufacture of: Precision Casting, Investment (Lost Wax) Casting, of all Ferrous, Non Ferrous and Super Alloys...
ISO 14001:2015
100% SAN DIEGO
01-9100637278

Date: 16.05.2026

To,

BSE LIMITED,

Compliance Department,

Phiroze Jeejeebhoy Towers,

Dalal Street,

Mumbai- 400001

Reg: Captain Technocast Limited (Scrip Code: 540652/Scrip ID: CTCL)

SUB: DECLARATION PURSUANT TO REGULATION 33(3)(D) OF SEBI (LODR) REGULATIONS, 2015 WITH RESPECT TO AUDIT REPORT FOR THE YEAR ENDED ON 31ST MARCH, 2026 WITH UNMODIFIED OPINION

Dear Sir/Madam,

Pursuant to Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015, we hereby confirm and declare that the statutory auditor of the company M/s. J C RANPURA AND CO., Chartered Accountants, Rajkot have issued Audit report with unmodified opinion in respect of Standalone and consolidated Financial Results for the half year and year ended on 31st March, 2026 approved in the Board meeting held on 16th May, 2026.

Please take the same on your record.

Thanking you.

Yours Faithfully,

FOR CAPTAIN TECHNOCAST LIMITED,

BHALU
ANILBHAI
VASANTBHAI

Anilbhai Vasantbhai Bhalu
Managing Director
DIN NO.: 03159038

---

JCRanpura & Co
Chartered Accountants

INDEPENDENT AUDITOR'S REPORT ON THE STANDALONE HALF YEARLY FINANCIAL RESULTS AND YEAR TO DATE AUDITED RESULTS OF THE COMPANY PURSUANT TO THE REGULATION 33 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015, AS AMENDED.

To,

the Board of Directors,

Captain Technocast Limited,

Survey No. 257, Plot No. 4,

N.H. No. 8, Shapar (Veraval)

Rajkot- 360024.

Report on the audit of the Standalone Financial Results

Opinion:

1. We have audited the accompanying standalone half yearly financial results of Captain Technocast Limited, (the “Company”) for the half year ended 31 March 2026 and the year-to-date results for the period from 1 April 2025 to 31 March 2026, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).

2. In our opinion and to the best of our information and according to the explanations given to us, these standalone financial results:

(a) are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and

(b) give 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 the net profit and other financial information for the half year ended 31 March 2026 as well as the year-to-date results for the period from 1 April 2025 to 31 March 2026.

Basis for Opinion:

1. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013, as amended (the “Act”). Our responsibilities under those Standards are further described in the “Auditor’s Responsibilities for the Audit of the Standalone 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 Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Act and the Rules framed 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 obtained by us is sufficient and appropriate to provide a basis for our opinion.

Chartered Accountants
Rajkot

Star Avenue, First Floor, Dr. Radhakrishnan Road, Opp. Rajkumar College, Rajkot - 360 001.
Ph. No. 0281-2480035 to 2480037 | email : contact@jcranpura.com | web: www.jcranpura.com

---

JCRanpura & Co
Chartered Accountants

Management's Responsibilities for the Standalone Financial Results:

1. These half year standalone financial results as well as the year-to-date standalone financial results have been prepared on the basis of the interim standalone financial statements. The Company's Board of Directors are responsible for the preparation of these standalone financial results that give a true and fair view of the net profit/loss and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, 'Interim Financial Reporting' 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. This responsibility also includes maintenance of adequate accounting records in 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 standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

2. In preparing the standalone financial results, 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 Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

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

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

1. Our objectives are to obtain reasonable assurance about whether the standalone financial results 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 level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results.

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

3. Identify and assess the risks of material misstatement of the standalone financial results, 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 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.

4. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for

Chartered Accountants
Star Avenue, First Floor, Dr. Radhakrishnan, New Delhi, Rajkumar College, Rajkot - 360 001. | Ph. No. 0281-2480035 to 2480037 | email : contact@jcranpura.com | web: www.jcranpura.com

---

J C Ranpura & Co

Chartered Accountants

the purpose of expressing an opinion on the effectiveness of the company's internal control.

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

• Conclude on the appropriateness of 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 Company's ability 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 financial results 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 Company to cease to continue as a going concern.

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

• 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 all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matter:

1. The Statement includes the standalone financial results for the half year ended 31 March 2026 being the balancing figure between the audited figures in respect of the full financial year ended 31 March 2026 and the published unaudited year-to-date figures up to the first half year of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.

For J C Ranpura & Co.
Chartered Accountants
Firm's Registration Number: 108647W

Ketan Y Sheth
Partner
Membership No. 118411
UDIN: 26118411YTOKJJ3831

Place: Rajkot
Date: 16 May, 2026

Star Avenue, First Floor, Dr. Radhakrishnan Road, Opp. Rajkumar College, Rajkot - 360 001.
Ph. No. 0281-2480035 to 2480037 | email : contact@jcranpura.com | web: www.jcranpura.com |

CAPTAIN TECHNOCAST LIMITED
CIN NO.: L27300GJ2010PLC061678
Manufacture of : Precision Casting, Investment (Lost Wax) Casting, of all Ferrous, Non Ferrous and Super Alloys...
ISO 9001:2015 ISO/TS 16949:2015 OHSAS 18001:2015 ISO/TS 16949:2015

Standalone Statement of Profit and loss for the period ended 31 March 2026

(₹ in Lakhs)

Particulars	For Half Year ended			For Year ended
	31-03-2026 Audited	30-09-2025 Audited	31-03-2026 Audited	31-03-2026 Audited	31-03-2025 Audited
Revenue from Operations	5,607.99	5,231.72	4,483.48	10,839.71	8,156.64
Other Income	197.58	91.84	65.54	289.42	126.74
Total Income	5,805.57	5,323.56	4,549.02	11,129.13	8,283.38
Expenses	-	-	-	-	-
Cost of Material Consumed	1,009.23	2,943.42	2,270.11	3,952.65	3,962.46
Purchases of Stock in Trade	2,245.07	-	-	2,245.07	-
Change in Inventories of work in progress and finished goods	(64.06)	104.20	(241.25)	40.14	(224.18)
Employee Benefit Expenses	404.98	378.90	426.08	783.88	847.44
Finance Costs	75.73	64.09	37.80	139.82	82.76
Depreciation and Amortization Expenses	95.13	61.21	63.32	156.34	128.28
Other Expenses	1,448.32	1,006.94	1,357.69	2,455.27	2,457.27
Total expenses	5,214.40	4,558.76	3,913.76	9,773.17	7,254.02
Profit/(Loss) before Exceptional and Extraordinary Item a	591.17	764.81	635.27	1,355.96	1,029.36
Exceptional Item	-	-	-	-	-
Profit/(Loss) before Extraordinary Item and Tax	591.17	764.81	635.27	1,355.96	1,029.36
Prior Period Item	-	-	-	-	-
Extraordinary Item	-	-	-	-	-
Profit/(Loss) before Tax	591.17	764.81	635.27	1,355.96	1,029.36
Tax Expenses	-	-	-	-	-
- Current Tax	139.75	193.25	160.20	333.00	262.20
- Deferred Tax	5.38	(1.57)	(1.86)	3.81	(3.95)
- Prior Period Taxes	0.78	-	3.03	0.78	3.03
Profit/(Loss) for the Period from Continuing Operations	445.26	573.13	473.90	1,018.37	768.08
Profit/(loss) from Discontinuing Operation (before tax)	-	-	-	-	-
Tax Expenses of Discountinuing Operation	-	-	-	-	-
Profit/(loss) from Discontinuing Operation (after tax)	-	-	-	-	-
Profit/(Loss) for the period	445.26	573.13	473.90	1,018.37	768.08
Details of Equity Share Capital
Paid up Equity Share Capital (in Lakhs)	2,322.01	2,322.01	2,322.01	2,322.01	2,322.01
Face Value of Equity Share Capital (In Rs.)	10.00	10.00	10.00	10.00	10.00
Earnings Per Share (Face Value per Share Rs. each)
-Basic (In Rs)	1.92	2.47	2.14	4.39	3.49
-Diluted (In Rs)	1.92	2.47	2.14	4.39	3.49

For and on behalf of the Board of CAPTAIN TECHNOCAST LIMITED

Place: Rajkot
Date: 16-May-2026

CAPTAIN TECHNOCAST LIMITED
CIN NO.: L27300GJ2010PLC061678
Manufacture of : Precision Casting, Investment (Lost Wax) Casting, of all Ferrous, Non Ferrous and Super Alloys...
ISO 9001:2015 ISO/IEC 17025
ISO 14001:2015
MANAGEMENT SYSTEM
WASHINGTON

Standalone Balance Sheet as at 31 March 2026

(₹ in Lakhs)

| Particulars | As at
31-03-2026 | (₹ in Lakhs) |
| --- | --- | --- |
| | Audited | Audited |
| I. EQUITY AND LIABILITIES | | |
| (1) Shareholders' Funds | | |
| (a) Share Capital | 2,322.01 | 1,161.01 |
| (b) Reserves and Surplus | 2,684.74 | 2,827.40 |
| (c) Money Received against Share Warrants | - | - |
| Total | 5,006.75 | 3,988.40 |
| (2) Share application money pending allotment | - | - |
| (3) Non-current liabilities | | |
| (a) Long-term Borrowings | 434.54 | 62.88 |
| (b) Deferred Tax Liabilities (Net) | - | - |
| (c) Other Long term Liabilities | - | - |
| (d) Long-term Provisions | - | - |
| Total | 434.54 | 62.88 |
| (4) Current liabilities | | |
| (a) Short-term Borrowings | 533.34 | 288.01 |
| (b) Trade Payables | - | - |
| - Due to Micro and Small Enterprises | 1,153.53 | 994.64 |
| - Due to Others | 139.23 | 173.08 |
| (c) Other Current Liabilities | 68.88 | 58.31 |
| (d) Short-term Provisions | 374.95 | 293.29 |
| Total | 2,269.93 | 1,807.32 |
| Total Equity and Liabilities | 7,711.22 | 6,858.61 |
| II. ASSETS | | |
| (1) Non-current assets | | |
| (a) Property, Plant and Equipment and Intangible Assets | - | - |
| (i) Property, Plant and Equipment | 1,576.84 | 809.37 |
| (ii) Intangible Assets | 2.95 | 3.58 |
| (iii) Capital Work-in-progress | - | 3.22 |
| (iv) Intangible Assets under Development | - | - |
| (b) Non-current Investments | 1,388.72 | 980.00 |
| (c) Deferred Tax Assets (net) | 20.46 | 24.28 |
| (d) Long-term Loans and Advances | 1,155.00 | 1,278.00 |
| (e) Other Non-current Assets | 36.51 | 35.84 |
| Total | 4,180.48 | 3,134.28 |
| (2) Current assets | | |
| (a) Current investments | - | - |
| (b) Inventories | 1,063.11 | 982.98 |
| (c) Trade Receivables | 1,839.61 | 1,322.66 |
| (d) Cash and cash equivalents | 7.30 | 11.39 |
| (e) Short-term Loans and Advances | 575.02 | 399.73 |
| (f) Other Current Assets | 45.70 | 7.57 |
| Total | 3,530.74 | 2,724.33 |
| Total Assets | 7,711.22 | 6,858.61 |

For and on behalf of the Board of CAPTAIN TECHNOCAST LIMITED

Place: Rajkot
Date: 16-May-2026

Standalone Cash Flow Statement for the period ended 31 March 2026

| Particulars | For year ended
31-03-2026
Audited | For year ended
31-03-2025
Audited |
| --- | --- | --- |
| CASH FLOW FROM OPERATING ACTIVITIES | | |
| Net Profit after tax | 1,018.35 | 768.08 |
| Profit/(loss) from Discontinuing Operation (after tax) | - | - |
| Depreciation and Amortisation Expense | 156.34 | 128.28 |
| Provision for tax | 337.60 | 261.28 |
| Effect of Exchange Rate Change | (58.79) | - |
| Loss/(Gain) on Sale / Discard of Assets (Net) | - | (0.04) |
| Interest Income | (1.40) | (1.59) |
| Finance Costs | 139.82 | 82.76 |
| Operating Profit before working capital changes | 1,591.90 | 1,238.77 |
| Adjustment for: | | |
| Inventories | (80.13) | (89.87) |
| Trade Receivables | (458.17) | (51.90) |
| Loans and Advances | 26.79 | (367.06) |
| Other Current Assets | (39.08) | 17.50 |
| Other Non current Assets | - | 36.49 |
| Trade Payables | 125.03 | 290.05 |
| Other Current Liabilities | 10.58 | 22.47 |
| Short-term Provisions | 10.86 | (44.87) |
| Cash (Used in)/Generated from Operations | 1,187.77 | 1,051.58 |
| Tax paid(Net) | 341.97 | 250.44 |
| Net Cash (Used in)/Generated from Operating Activities | 845.80 | 801.14 |
| CASH FLOW FROM INVESTING ACTIVITIES | | |
| Purchase of Property, Plant and Equipment | (919.95) | (183.89) |
| Sale of Property, Plant and Equipment | - | 0.44 |
| Purchase of Equity Instruments | (270.00) | (810.00) |
| Purchase of Other Investments | (138.72) | (69.30) |
| Interest received | 1.60 | 3.80 |
| Dividend received | - | - |
| Net Cash (Used in)/Generated from Investing Activities | (1,327.06) | (1,058.96) |
| CASH FLOW FROM FINANCING ACTIVITIES | | |
| Proceeds from Issue of Share Capital | (0.00) | 840.00 |
| Proceeds from Long Term Borrowings | 609.38 | 2.27 |
| Repayment of Long Term Borrowings | (237.73) | (73.08) |
| Proceeds from Short Term Borrowings | 306.18 | 60.84 |
| Repayment of Short Term Borrowings | (60.84) | (489.75) |
| Interest Paid | (139.82) | (82.76) |
| Net Cash (Used in)/Generated from Financing Activities | 477.17 | 257.51 |
| Net Increase/(Decrease) in Cash and Cash Equivalents | (4.08) | (0.30) |
| Opening Balance of Cash and Cash Equivalents | 11.39 | 11.69 |
| Exchange difference of Foreign Currency Cash and Cash equivalents | - | - |
| Closing Balance of Cash and Cash Equivalents | 7.30 | 11.39 |

For and on behalf of the Board of
CAPTAIN TECHNOCAST LIMITED

Notes to the for the period ended on 31 March 2026

1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meeting held on 16 May, 2025. The statutory auditors of the Company have carried out 'Limited Review' of the results for the half year ended on 31 March, 2026 and for the year ended on 31 March, 2026.

2. The Statement has been prepared in accordance with the Companies (Accounting Standards) Rules 2021 (AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practice and policies to the extent applicable.

3. "Other Expenses" include Other Consumable consumed, outward processing charges, power and fuel, packing materials consumed, product development expenses etc.

4. The Status of investor complaints received by the company is as follows :

5. Pending at start of the year as on 1 April 2025: Nil
6. Received during the year from 1 April 2025 to 31 March 2026: Nil
7. Disposed during the year from 1 April 2025 to 31 March 2026: Nil

8. Pending as on 31 March 2026: Nil

9. In accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation. 2015, the above audited standalone financial results of the company are posted on Company's website and website of stock exchange viz. www.bseindia.com.

10. Segment Reporting as per AS-17 is not applicable as Company operates only in one segment i.e. Manufacturing and selling of castings.

11. The figures of the previous years have been regrouped/re-classified/re-arranged, wherever necessary to correspond with the current period's classification/disclosure/ comparable.

INDEPENDENT AUDITOR'S REPORT ON THE CONSOLIDATED ANNUAL FINANCIAL RESULTS OF THE COMPANY PURSUANT TO THE REGULATION 33 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015, AS AMENDED.

To,
the Board of Directors,
Captain Technocast Limited,
Survey No. 257, Plot No. 4,
N.H. No. 8, Shapar (Veraval)
Rajkot- 360024.

Report on the Audit of Consolidated Financial Results

Opinion:

1. We have audited the accompanying Statement of Consolidated Financial Results of Captain Technocast Limited, Rajkot (the “Holding Company”), its subsidiaries (holding company and its subsidiaries together referred to as “the Group”), its associates company for the half year ended 31 March 2026 and for the period from 1 April 2025 to 31 March 2026 (the “Statement”), being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’).

2. In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the reports of the other auditors on separate financial statements of the Subsidiary Company and the Associates Company,

(a) the Statement include the financial results of:

Sr. No.	Name of Company	Relationship
1	Captain Castech Private Limited	Subsidiary Company
2	X2 Valves Private Limited	Subsidiary Company
3	Vartis Engineering Private Limited	Subsidiary Company
4	Captain Metcast Private Limited	Associate Company

(b) is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and

(c) give a true and fair view in conformity with the applicable accounting standards, and other accounting principles generally accepted in India, of net profit/loss and other comprehensive income and other financial information of the Group for the year ended 31 March 2026.

Basis for Opinion:

1. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (“Act”). Our responsibilities under those Standards 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, and its associates in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Companies Act, 2013 and the Rules there

Star Avenue, First Floor, Dr. Radhakrishnan Road, 111, Kumar College, Rajkot - 360 001.
Ph. No. 0281-2480035 to 2480037 | email: rranpura@jcranpura.com | web: www.jcranpura.com |

JCRanpura & Co

under, and we have fulfilled our other ethical responsibilities 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 Matter" paragraph below, is sufficient and appropriate to provide a basis for our opinion.

Management's Responsibilities for the Consolidated Financial Results:

1. These half yearly financial results as well as the year-to-date consolidated financial results have been prepared on the basis of the consolidated annual financial statements.

2. The Holding Company's Board of Directors are responsible for the preparation and presentation of these consolidated financial results that give a true and fair view of the net profit/ loss and other comprehensive income and other financial information of the Group including its associate in accordance with the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued there under and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group and of its associates 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 its associates 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 preparation and presentation of the consolidated 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 consolidated financial results by the Directors of the Holding Company, as aforesaid.

3. In preparing the consolidated financial results, the respective Board of Directors of the companies included in the Group and of its associates and jointly controlled entities are responsible for assessing the ability of the Group and its associates and jointly controlled entities 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 Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.

4. The respective Board of Directors of the companies included in the Group and of its associates are responsible for overseeing the financial reporting process of the Group and of its associates and jointly controlled entities.

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

1. Our objectives are to obtain reasonable assurance about whether the consolidated financial results 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 level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial results.

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

3. Identify and assess the risks of material misstatement of the consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive

Star Avenue, First Floor, Dr. Radhakrishnan Road, Opp. A. Kumar College, Rajkot - 360 001. | Ph. No. 0281-2480035 to 2480037 | email : contact@jrcanpura.com | web: www.jcranpura.com |

JCRanpura & Co

to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk 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) (i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial 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 by the Board of Directors.
• Conclude on the appropriateness of 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 and its associates and jointly controlled entities 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 consolidated financial results 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 and its associates and jointly controlled entities to cease to continue as a going concern.
• Evaluate the overall presentation, structure, and content of the consolidated financial results, including the disclosures, and whether the consolidated financial results 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 and its associates and jointly controlled entities to express an opinion on the consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the consolidated financial results of which we are the independent auditors. For the other entities included in the consolidated Financial Results, 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 consolidated financial results of which we are the independent auditors 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 all relationships 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 SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.

Star Avenue, First Floor, Dr. Radhakrishnan Road, New Road, Star College, Rajkot - 360 001. | Ph. No. 0281-2480035 to 2480037 | email : cctrad@jcranpura.com | web: www.jcranpura.com |

J C Rampura & Co
Chartered Accountants

Other Matters:

1. The consolidated Financial Results include the audited Financial Results of,

Sr. No.	Name of Company	Relationship
1	Captain Castech Private Limited	Subsidiary Company
2	X2 Valves Private Limited	Subsidiary Company
3	Vartis Engineering Private Limited	Subsidiary Company
4	Captain Metcast Private Limited	Associate Company

whose financial results reflect the Holding Company's share in total assets, total revenue and total net profit/(loss) after tax for the period 1 April 2025 to 31 March 2026 respectively and Profit from Associates for the half year ended 31 March 2026 and for the period from 1 April 2025 to 31 March 2026 respectively, as considered in the consolidated financial results, as shows in table below:

Sr. No.	Name of Company	Total Assets	Total Revenue	Net Profit
1	Captain Castech Private Limited	214.34	Nil	Nil
2	X2 Valves Private Limited	1,143.91	1,025.36	45.58
3	Vartis Engineering Private Limited	872.24	1,493.60	75.23
4	Captain Metcast Private Limited	Nil	Nil	7.58
(half year ended 31 March, 2026)
24.62
(for the year ended 31 March, 2026)

which have been audited by their respective independent auditor. The independent auditors' reports on the financial statements of these entities have been furnished to us and our opinion on the consolidated financial results, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, and associate is based solely on such auditors and the procedures performed by us are as stated in paragraph above.

1. Our opinion on the consolidated Financial Results is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors and the Financial Results certified by the Board of Directors.

2. The Financial Results include the results for the half year ended 31 March 2024 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the first half year of the current financial year which were subject to limited review by us.

For J C Rampura & Co.
Chartered Accountants
Firm's Registration Number: 108647W

Ketan Y. Smith
Partner
Membership No. 118411
UDIN: 26118411EDRVXM8863

Place: Rajkot
Date: 16 May, 2026

Consolidated Statement of Profit and loss for the period ended 31 March 2026

(₹ In Lakhs)

Particulars	For Half Year ended			For Year ended
	31-03-2026 Audited	30-09-2025 Audited	31-03-2025 Audited	31-03-2026 Audited	31-03-2025 Audited
Revenue from Operations	6,739.15	6,247.69	5,121.55	12,986.84	9,215.62
Other Income	218.32	101.70	70.61	320.02	135.93
Total Income	6,957.47	6,349.39	5,192.16	13,306.86	9,351.55
Expenses
Cost of Material Consumed	3,165.22	2,910.09	1,919.21	6,075.30	3,962.83
Purchases of Stock in Trade	645.71	648.69	1,000.83	1,294.40	1,000.83
Change in Inventories of work in progress and finished goods	(97.34)	98.91	(305.29)	1.57	(293.26)
Employee Benefit Expenses	502.46	479.88	435.09	982.34	865.14
Finance Costs	100.58	92.84	42.30	193.42	87.26
Depreciation and Amortization Expenses	153.67	109.92	64.44	263.59	129.68
Other Expenses	1,749.28	1,142.31	1,379.40	2,891.59	2,509.21
Total expenses	6,219.58	5,482.65	4,535.97	11,702.21	8,261.69
Profit/(Loss) before Exceptional and Extraordinary Item	737.89	866.74	656.19	1,604.65	1,089.87
Exceptional Item	-	-	-	-	-
Profit/(Loss) before Extraordinary Item and Tax	737.89	866.74	656.19	1,604.65	1,089.87
Prior Period Item	-	-	-	-	-
Extraordinary Item	-	-	-	-	-
Profit/(Loss) before Tax	737.89	866.74	656.19	1,604.65	1,089.87
Tax Expenses	-	-	-	-	-
- Current Tax	165.81	210.46	171.60	376.27	273.60
- Deferred Tax	5.99	(6.40)	(1.97)	(0.41)	(4.06)
- Prior Period Taxes	0.78	-	-	0.78	-
Profit/(Loss) for the Period from Continuing Operations	565.31	662.68	486.55	1,228.01	820.32
Profit/(loss) from Discontinuing Operation (before tax)	-	-	-	-	-
Tax Expenses of Discountinuing Operation	-	-	-	-	-
Profit/(loss) from Discontinuing Operation (after tax)	-	-	-	-	-
Profit/(Loss) for the period	565.31	662.68	486.55	1,228.01	820.32
Add: Share in profit/(loss) (net) of associate companies	7.58	17.04	8.05	24.62	19.30
Profit/(Loss) for the period (before Minority Interest adjust)	572.89	679.72	494.60	1,252.63	839.62
Less: Minority interest in Profit/(losses)	51.97	38.39	23.15	90.36	35.03
Profit/(Loss) for the period (after Minority Interest adjust)	520.92	641.33	471.45	1,162.27	804.59
Details of Equity Share Capital
Paid up Equity Share Capital (in Lakhs)	2,322.01	2,322.01	2,322.01	2,322.01	2,322.01
Face Value of Equity Share Capital (In Rs.)	10.00	10.00	10.00	10.00	10.00
Earnings Per Share (Face Value per Share Rs. each)
-Basic (In Rs)	2.24	2.76	2.13	5.01	3.65
-Diluted (In Rs)	2.24	2.76	2.13	5.01	3.65

Consolidated Balance Sheet as at 31 March 2026

Particulars	(€ in Lakhs)
	As at 31-03-2026
Audited	As at 31-03-2026
Audited
I. EQUITY AND LIABILITIES
(1) Shareholders’ Funds
(a) Share Capital	2,322.01	1,161.01
(b) Reserves and Surplus	2,898.72	2,877.44
(c) Money Received against Share Warrants	-	-
Total	5,220.73	4,038.44
(2) Share application money pending allotment	-	-
(3) Minority Interest	282.03	95.73
(4) Non-current liabilities
(a) Long-term Borrowings	1,230.27	62.88
(b) Deferred Tax Liabilities (Net)	-	-
(c) Other Long term Liabilities	-	-
(d) Long-term Provisions	-	-
Total	1,230.27	62.88
(5) Current liabilities
(a) Short-term Borrowings	775.50	383.53
(b) Trade Payables	-	-
- Due to Micro and Small Enterprises	1,453.32	994.64
- Due to Others	99.83	317.60
(c) Other Current Liabilities	84.87	77.84
(d) Short-term Provisions	422.75	278.19
Total	2,836.27	2,051.80
Total Equity and Liabilities	9,569.30	6,248.86
II. ASSETS
(1) Non-current assets
(a) Property, Plant and Equipment and Intangible Assets
(i) Property, Plant and Equipment	2,552.36	1,289.67
(ii) Intangible Assets	30.06	3.58
(iii) Capital Work-in-progress	814.93	461.13
(iv) Intangible Assets under Development	-	-
(b) Non-current Investments	1,168.27	873.65
(c) Deferred Tax Assets (net)	25.55	24.38
(d) Long-term Loans and Advances	306.00	287.00
(e) Other Non-current Assets	55.35	50.58
Total	4,952.52	2,969.99
(2) Current assets
(a) Current Investments	-	-
(b) Inventories	1,263.76	1,052.42
(c) Trade Receivables	2,370.51	1,704.01
(d) Cash and cash equivalents	127.30	24.74
(e) Short-term Loans and Advances	789.66	464.57
(f) Other Current Assets	65.55	13.14
Total	4,616.78	3,258.87
Total Assets	9,569.30	6,248.86

Consolidated Cash Flow Statement for the period ended 31 March 2026

| Particulars | For year ended
31-03-2026 | For year ended
31-03-2025 |
| --- | --- | --- |
| | Audited | Audited |
| CASH FLOW FROM OPERATING ACTIVITIES | | |
| Net Profit after tax | 1,228.00 | 820.32 |
| Profit/(loss) from Discontinuing Operation (after tax) | - | - |
| Depreciation and Amortisation Expense | 263.59 | 129.68 |
| Provision for tax | 376.64 | 269.54 |
| Effect of Exchange Rate Change | (72.85) | - |
| Loss/(Gain) on Sale / Discard of Assets (Net) | 1.13 | (0.04) |
| Bad debt, provision for doubtful debts | 4.79 | - |
| Interest Income | (2.04) | (1.83) |
| Finance Costs | 193.42 | 87.26 |
| Operating Profit before working capital changes | 1,992.66 | 1,304.93 |
| Adjustment for: | | |
| Inventories | (211.35) | (158.94) |
| Trade Receivables | (598.43) | (258.99) |
| Loans and Advances | (235.91) | (84.07) |
| Other Current Assets | (41.46) | 15.72 |
| Other Non current Assets | 3.56 | 26.50 |
| Trade Payables | 240.92 | 406.90 |
| Other Current Liabilities | 7.03 | 41.49 |
| Short-term Provisions | 45.04 | (36.73) |
| Cash (Used in)/Generated from Operations | 1,202.07 | 1,256.81 |
| Tax paid(Net) | 378.09 | 271.06 |
| Net Cash (Used in)/Generated from Operating Activities | 823.98 | 985.75 |
| CASH FLOW FROM INVESTING ACTIVITIES | | |
| Purchase of Property, Plant and Equipment | (1,911.38) | (564.28) |
| Sale of Property, Plant and Equipment | 3.70 | 0.44 |
| Purchase of Equity Instruments | (270.00) | (810.00) |
| Purchase of Other Investments | - | (0.25) |
| Investment in Term Deposits | (7.66) | - |
| Interest received | 2.04 | 3.82 |
| Dividend received | - | - |
| Net Cash (Used in)/Generated from Investing Activities | (2,183.31) | (1,370.26) |
| CASH FLOW FROM FINANCING ACTIVITIES | | |
| Proceeds from Issue of Share Capital | - | 840.00 |
| Proceeds from Long Term Borrowings | 1,405.12 | 2.27 |
| Repayment of Long Term Borrowings | (237.73) | (73.08) |
| Proceeds from Short Term Borrowings | 452.82 | 156.37 |
| Repayment of Short Term Borrowings | (89.84) | (489.75) |
| Minority Interest Movement | 95.95 | 29.70 |
| Interest Paid | (193.42) | (87.26) |
| Net Cash (Used in)/Generated from Financing Activities | 1,461.89 | 378.24 |
| Net Increase/(Decrease) in Cash and Cash Equivalents | 102.56 | (8.29) |
| Opening Balance of Cash and Cash Equivalents | 24.74 | 31.03 |
| Exchange difference of Foreign Currency Cash and Cash equivalents | - | - |
| Closing Balance of Cash and Cash Equivalents | 127.30 | 24.74 |

For and on behalf of the Board of
CAPTAIN TECHNOCAST LIMITED

Notes to the for the period ended on 31 March 2026

1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meeting held on 16 May, 2026. The statutory auditors of the Company have carried out ‘Limited Review’ of the results for the half year ended on 31 March, 2026.

2. The Statement has been prepared in accordance with the Companies (Accounting Standards) Rules 2021 (AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practice and policies to the extent applicable.

3. "Other Expenses" include stores and spares consumed, outward processing charges, power and fuel, packing materials consumed etc.

4. The Status of investor complaints received by the company is as follows :

5. Pending at start of the year as on 1 April 2025: Nil
6. Received during the year from 1 April 2025 to 31 March, 2026: Nil
7. Disposed during the year from 1 April 2025 to 31 March, 2026: Nil

8. Pending as on 31 March, 2026: Nil

9. In accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, the above audited consolidated financial results of the company are posted on Company's website and website of stock exchange viz. www.bseindia.com.

10. Segment Reporting as per AS-17 is not applicable as Company operates only in one segment i.e. Manufacturing and selling of castings.

11. Consolidated Result of Company Includes 3 Subsidiaries Company (1.) Captain Castech Limited, (2.) X2 Valves Private Limited (3.) Vartis Engineering Private Limited & 1 Associate Company (1.) Captain Metcast Private Limited

12. The figures of the previous years have been regrouped/re-classified/re-arranged, wherever necessary to correspond with the current period's classification/disclosure/ comparable.

Sheilesh Bhut
Why? Time Director
DIN: 03324485