Pansari Developers Limited — Interim / Quarterly Report 2025

Nov 14, 2025

www.purtirealty.com

Date: 14th November, 2025

T_o The National Stock Exchange of India Limited Exchange Plaza, Plot no. C/1, G Block Bandra-Kurla Complex Bandra (E) Mumbai - 400 051

Symbol: PANSARI

Sub: - Declaration confirming issuance of Limited Review Reports with Unmodified Opinion on the Standalone and Consolidated Unaudited Financial Statements of Pansari Developers Limited for the Quarter ended September 30th, 2025

Dear Sir/Madam,

Pursuant to Regulation 33(3)(b) of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we hereby confirm and declare that the Statutory Auditors of the Company M/s Garv & Associates, Chartered Accountant (FRN 301094E) has issued Limited Review Report with unmodified opinion(s) in respect of Unaudited Standalone and Consolidated Financial Results for the Quarter ended on 30^st September, 2025.

Thanking You, For Pansari Developers Limited

RAJSHREE Digitally signed by SOMANI Date: 2025.11.14

20:02:46 + 05'30'

Rajshree Somani Company Secretary & Compliance Officer Membership No: A61410

Pansari Developers Limited

www.purtirealty.com

14^th November, 2025

The National Stock Exchange of India Limited Exchange Plaza, 5^th Floor, Plot # C/1, 'G' Block Bandra Kurla Complex, Bandra (East) Mumbai - 400 051

Symbol: PANSARI

Dear Sir/Madam.

Subject: Outcome of Board Meeting and Submission of Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended September 30, 2025.

Ref.: Regulation 30 & 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations")

Pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (referred to as the "SEBI Listing Regulations") the Board of Directors of the Company at its Meeting held today i.e. 14^th November 2025 has inter alia approved the following:

$1_{-}$ Unaudited Standalone and Consolidated Financial Results along with Limited Review Report issued by the Statutory Auditors of the Company i.e. Gary & Associates, Chartered Accountants along with Declaration of unmodified Opinion on the Standalone and Consolidated Unaudited Financial Statements for the quarter ended 30^th September 2025.

The Meeting commenced at 01:00 PM and concluded at about 08:00 PM.

You are requested to take the above information on record. This letter is being uploaded on the Company's website.

Yours faithfully For PANSARI DEVELOPERS LIMITED

RAJSHREE SOMANI

Digitally signed by RAJSHREE SOMANI Date: 2025.11.14 20:03:08 $+05'30'$

Rajshree Somani Company Secretary & Compliance Officer Mem. No.: A61410

Pansari Developers Limited

27A Hazra Road Kolkata 700 029 Phone: +91 (33) 40404743 / 4744 E-mail: info@garvca.com Website: www.garvca.com

Independent Auditor's Review Report on unaudited Ind AS Standalone Quarterly and Half yearly Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to

The Board of Directors Pansari Developers Limited

• 1. We have reviewed the accompanying Statement of Unaudited Ind AS Standalone Financial Results of Pansari Developers Limited for the quarter ended September 30, 2025, and year to date from April 1, 2025 to September 30, 2025 ("the Statement"). The statement has been prepared by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").
• 1. This Statement, which is 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 the 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 India. Our responsibility is to express a conclusion on the statement based on our review.
• 1. We conducted our review in accordance with the Standard on Review Engagement (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 financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• 1. 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 principals loid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under section 133 of the Companies KODKATA

Network: GARW&Affliates Branch: 19, R. N. Mukherjee Road, Eastern Building, 1st Floor, Kolkata 700 001 Kolkata | Bengaluru | Chennai | Guwahati | Hyderabad | Mumbai

Act, 2013 as amended, read with relevant Rules issued thereunder and other recognized accounting practices and Policies, 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.

For G A R V & ASSOCIATES

Chartered Accountants Firm Registration No. 301094E

Ashirk Ruster (ASHISH RUSTAGI)

Partner Membership No.: 062982

Place: Kolkata Date: 14th November, 2025 UDIN: 25062982BMGH5Q2508

	PANSARI DEVELOPERS LIMITED
	Corporate Identity Number : L72200WB1996PLC079438
	Standalone Unaudited Balance Sheet as at 30th September, 2025
			(Rs in Lakh)
		Standalone
		As on	As on
	Particulars	30th September, 2025	31st March, 2025
		(Unaudited)	(Audited)
	ASSETS
(1)	Non-Current Assets
	(a)Property, Plants & Equipments	5,339.74	5,712.99
	(b) Investment Property	3,250.80	3,252.32
	(c) Financial Assets
	(i) Investments	871.22	871.22
	(ii) Loans	156.24	227.28
	(d) Deferred Tax Asset (Net)	241.86	351.01
	(e) Other Non-Current Assets	261.64 10,121.50	234.11 10,648.93
	Current Assets
(11)	(a) Inventories	9,806.43	9,807.98
	(b) Financial Assets
	(i) Trade Receivables	129.91	23.70
	(ii) Cash and Cash Equivalents	104.51	12.31
	(iii) Others	7,250.92	9,237.41
	(c) Other Current Assets	827.47	694.84
	(d) Current Tax Assets (Net)	69.51	110.99
		18,188.75	19,887.23
	Total Assets	28,310.25	30,536.16
	EQUITY AND LIABILITIES
(1)	EQUITY
	(a) Equity Share Capital	1,744.68	1,744.68
	(b) Other Equity	12,418.90	11,679.00
		14,163.58	13,423.68
(11)	LIABILITIES
	(i) Non-Current Liabilities
	(a) Financial Liabilities
	(i) Other Financial Liabilities	279.80	279.80
	(b) Provisions	13.18	13.18
	(c) Other Non Current Liabilities	511.86	995.50
		804.84	1,288.48
(III)	Current Liabilities
	(a) Financial Liabilities
	(i) Borrowings	4,877.44	7,191.49
	(ii) Trade Payables
	(A) Total outstanding dues of micro, small and medium enterprises
		5.99	2.56
	(B) Total outstanding dues of creditors other than micro and medium
	enterprises	48.92	201.24
	(iii) Other current financial Liabilities	108.40	108.40
	(b) Other Current Liabilities	8,299.78	8,319.01
	(c) Provisions	1.30	1.30
		13,341.83	15,824.00
	TOTAL LIABILITIES	14,146.67	17,112.48
	TOTAL - EQUITY AND LIABILITIES	28,310.25	30,536.16

Place: Kolkata Date: 14th November, 2025

For & On Behalf Of the Board For Pansan Developers Limited $\rightarrow$ $\alpha$ $\ell$ u Mahesh Agerwal
Chairman & Managing Directo Mahesh Kumar Agarwal

(Managing Director & Chairman) $(DIN:00480731)$

PANSARI DEVELOPERS LIMITED Corporate Identity Number : L72200WB1996PLC079438

Statement of Unaudited Financial Results for the Quarter/Half Year ended 30th September, 2025

		(Rs in Lakh) Standalone
	Particulars	Quarter Ended Half Year Ended					Year Ended
SI. No.		30th September 2025	30th June 2025	30th September	30th September2025	30th September202	31st March 2025
		Unaudited	Unaudited	2024 Unaudited	Unaudited	4 Unaudited	Audited
$\mathbf{1}$	Income from Operations
	(a) Revenue from Operations	2,756.69	1,774.25	606.75	4,530.94	1,363.68	3,646.59
	(b) Other Income	204.52	106.95	115.57	311.48	201.04	458.21
	Total Income	2,961.21	1,881.20	722.31	4,842.42	1,564.73	4,104.80
$\overline{2}$	Expenditure
	(a) Opreating Cost	1,657.37	1,698.01	786.82	3,355.39	1,643.18	4,272.75
	(b) Purchase of Stock In Trade	53.00			53.00
	(c) Changes in Inventories	555.70	(554.15)	(452.96)	1.55	(816.61)	(2,138.65)
	(d) Employee Benefits Expenses	53.18 57.20	48.61 75.47	22.10 106.81	101.79 132.67	40.03 195.89	76.85 392.29
	(e) Finance Cost (f) Depreciation and Amortisation Expenses	59.02	71.31	98.98	130.33	198.19	316.92
	(g) Other Expenses	32.35	17.66	43.60	50.01	70.63	187.46
3	Total Expenses	2,467.83	1,356.91	605.36	3,824.73	1,331.32	3,107.62
4	Profit before Exceptional Items	493.38	524.30	116.96	1,017.68	233.41	997.17
5	Add: Exceptional Item
6	Profit before Tax	493.38	524.30	116.96	1,017.68	233.41	997.17
	Less : Tax Expense	81.80	86.83	18.27	168.63	35.61	160.41
	(a) Current Tax (b) Mat Credit Entitlement	68.53	41.19	14.64	109.72	28.91	98.59
	(c) Deferred Tax	17.53	(18.10)	(7.13)	(0.57)	(16.48)	(12.37)
	(d) Mat Credit for Earlier Year
	(e) Income tax for Earlier year						0.43
$\overline{7}$	Total Tax	167.86	109.92	25.78	277.78	48.04	247.05
8	Net Profit	325.53	414.37	91.18	739.90	185.37	750.12
	Other Comprehensive income (After tax)
	(a) Items that cannot be Reclassified to P&L A/c
	Re-measurement income/ (loss) on defined
	benefit plans						0.56
	Income tax relating to above items						(0.16)
	Fair Value through OCI of Equity Investment	(0.04)	0.04				9.35
	b) Income tax relating to above items	0.00	(0.00)				(1.04)
9	Total Other comprehensive income (a+b)	(0.04)	0.04	$\frac{1}{2}$		$\blacksquare$	8.71
10	Total comprehensive income for the period (8+9)	325.49	414.41	91.18	739.90	185.37	758.84
	Paid Up Share Capital (Face Value Rs 10 each)	1,744.68	1,744.68	1,744.68	1744.68	1744.68	1744.68
	Earning per share (Face Value Rs 10 each)
	(a) Basic	1.87	2.38	0.52	4.24	1.06	4.30
	(b) Diluted	1.87	2.38	0.52	4.24	1.06	4.30
Notes:	(a) The Financial Results of the Company for the Quarter ended 30th September, 2025 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on 14th November, 2025. The Statutory Auditors of the Company have carried out Audit of these results and the results are being published in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
(b)	The financial results of the company have been prepared in accordance with Indian Accounting Standard (IND AS) notified under the companies (Indian Accounting Standard) Rules 2015 as ammended by the companies (Indian Accounting Standard) (Ammendement) Rules 2016. The company adopted IND AS from 01.04.2021 and accordingly these Financial Results (Incuding for all the periods periods presented in accordance with IND AS 101 first time adoption of Accouting Standards) have been prepared.
(c)	The company does not have any extraordinary or exceptional items to report for the above period.
(d)	The Company does not have more than one reportable segment.
(e)	Comparative figures have been rearranged / regrouped wherever necessary.
(f)	The IND AS compliant corresponding figures in the previous years have not been subjected to review/audit however the company's management has exercised necessary due deligence to ensure that such financial results provide true and fair view of its affairs.
(g)	The figures for the quarter ended 30th September, 2025 are the balancing figure between the unaudited figures in respect of Half Year ended 30th September, 2025 and Published Figure upto the end of the first guarter ended 30th June, 2025
(h)	Figures of the Previous Periods have been re-arranged/regrouped wherever necessary to conform to current period's classification.
	$\frac{1}{2}$	ASS 0 ed Acc			For and on behalf of the board Mahesh Agarwal Chairman & Mi	ansan Developers Limited ging Directo.

Chairman & Mi Directo. airman & Managing Din (Managing Director & Chairman)
(DIN No. 00480731)

Place : Kolkata Date: 14th November, 2025

PANSARI DEVELOPERS LIMITED

CIN: L72200WB1996PLC079438

Standalone Audited Cash Flow Statement for the period ended 30th September, 2025

	Particulars	30th September, 2025	31st March, 2025
А Cash Flow From Operating Activities		Amount (Rs)	Amount (Rs)
Profit before tax from continuing operations		1,017.68	997.17
Profit Before Tax		1,017.68	997.17
Adjustment for Non cash & Non operating item
Depreciation		130.33	316.92
Fixed Asset written off
Interest & Finance Charges		132.67	392.29
Profit from sale of investment		0.55
Profit from sale of Property, Plant & Equipment		7.89	(2.38)
Interest Received		(189.19)	(335.16)
Dividend Received
Operating Profit before changes in working capital		1,099.93	1,368.85
Movements in working capital:
Increase/(Decrease) in Trade Payables		(148.89)	(158.29)
Increase/(Decrease) in Other Current Financial Liabilities
Increase/(Decrease) in Other Current Liabilities		(19.23)	3,485.99
Increase/(Decrease) in Provision (Current)			0.26
Increase/(Decrease) in Provision (Non Current)			3.29
Increase/(Decrease) in Liabilities (Non Current)		(483.64)
Increase/(Decrease) in Other Financial Liabilities (Non Current)		0.00	(156.87)
Decrease/(Increase) in Trade Receivables		(106.21)	44.74
Decrease/(Increase) in Inventories		1.55	(2, 138.65)
Decrease/(Increase) in Other Financial Assets (Current)		1,986.49	(3,374.01)
Decrease/(Increase) in Others Assets and Liabilities		(132.63)	(130.28)
Net cash flow before Tax and Extra ordinary Item		2,197.37	(1,054.97)
Direct Taxes (Paid) / Refund		(127.15)	(203.73)
	Net cash flow from / (used in ) operating activities (A)	2,070.22	(1, 258.70)
Cash flows from investing activities в
	Purchase of fixed assets, including intangible assets, CWIP and capital advances	(1.83)	(5.17)
Sale of Fixed Assets		236.86	18.00
Decrease/(Increase) in Non-Current Assets		(27.54)	(2.80)
Sale of Investment
Sale of Investment Property Purchase of Investment property		48.20
Decrease/(Increase) in Non-Current Investments		(47.23)
Dividend Received			(0.50)
Interest Received		189.19	335.16
Intercorporate Loan given		71.05	(17.03)
Intercorporate Loan recovered			443.97
	Net Cash flows from investing activities (B)	468.70	771.61
C Cash flows from financing activities
Proceeds/(Repayment) from borrowings (Non Current)
Proceeds/(Repayment) from borrowings (Current)		(2,314.05)	796.17
Interest Paid		(132.67)	(392.29)
	Net cash flows from/(used in) in financing activities (C)	(2, 446.72)	403.88
Net increase / (decrease) in cash and cash equivalent (A+B+C)		92.20	(83.21)
Cash and cash equivalent at the beginning of the year		12.31	95.49
Cash and cash equivalent at the end of the year		104.51	12.29
		Year Ended
		30th September, 2025	31st March, 2025
Components of Cash and Cash Equivalents
Cash in Hand		24.84	11.74
With Banks - On Current Account		79.67	0.56

Place: Kolkata Date: 14th November, 2025

For Pansari Developers Limited aluh Aran

Mahesh
Chairman & Managing Directo
Mahesh Rumar Agarwa (Managing Director & Chairman)

$(DIN:00480731)$

27A Hazra Road Kolkata 700 029 Phone: +91 (33) 40404743 / 4744 E-mail: info@garvca.com Website: www.garvca.com

Independent Auditor's Review Report on unaudited Ind AS Consolidated Quarterly and Half yearly Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to

The Board of Directors Pansari Developers Limited

• 1. We have reviewed the accompanying Statement of Unaudited Ind AS Consolidated Financial Results of Pansari Developers Limited ("the Parent"), which includes its jointly controlled entities (the Parent and its entities together referred to as the "Group") and its share of net profit/(loss) after tax and total comprehensive income of its jointly controlled entities for the quarter and half year ended 30^th September, 2025 attached herewith being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
• 1. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Ind AS-34 "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Unaudited Consolidated financial Statement based on our review.
• 1. We conducted our review in accordance with the Standard on Review Engagement (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 financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• 1. The Statement includes the results of the following entities:
• a) Papillon Developers LLP
• b) Purti Delux Developers LLP (Formally Known as Unipon Put Developers LLP)
• c) Purti NPR Developers LLP (Formally Known as "Yogadhipa Promoters LLP")

Network: GARV& Affiliates Branch: 19, R. N. Mukherjee Road, Eastern Building, 1st Floor, Kolkata 700 001 Kolkata | Bengaluru | Chennai | Guwahati | Hyderabad | Mumbai

• 1. 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 ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued there under and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Regulation 33 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement
• 1. We did not review the interim financial results of jointly controlled entities included in the consolidated unaudited financial results; whose financial information reflects total assets of Rs 16,864.93 lakhs as at 30th September 2025 and total revenue of Rs 686.12 lakhs and 704.54 and net profit after tax of Rs.9.01 lakhs and Rs.18.89 lakhs for the Quarter and half year ended on 30th September 2025, as considered in the consolidated unaudited Ind AS financial results. The unaudited interim financial results and other unaudited financial information of these jointly controlled entities have not been reviewed by their auditors and have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the affairs of these entities is based solely on such unaudited interim financial results and other unaudited financial information.

Our conclusion on the Statement is not modified in respect of the above matters.

For G A R V & ASSOCIATES Chartered Accountants Firm Registration No. 301094E

Ashish Rustagi

(ASHISH RUSTAGI) Partner Membership No.: 062982

Date: 14th November, 2025 Place: Kolkata UDIN: 25062982BMGHS59890

PANSARI DEVELOPERS LIMITED CIN: L72200WB1996PLC079438

Standalone Audited Cash Flow Statement for the period ended 30th September, 2025

	Particulars	30th September, 2025	31st March, 2025
Α	Cash Flow From Operating Activities	Amount (Rs)	Amount (Rs)
	Profit before tax from continuing operations	1,017.68	997.17
	Profit Before Tax	1,017.68	997.17
	Adjustment for Non cash & Non operating item
	Depreciation	130.33	316.92
	Fixed Asset written off
	Interest & Finance Charges	132.67	392.29
	Profit from sale of investment	0.55
	Profit from sale of Property, Plant & Equipment Interest Received	7.89 (189.19)	(2.38)
	Dividend Received		(335.16)
	Operating Profit before changes in working capital	1,099.93	1,368.85
	Movements in working capital:
	Increase/(Decrease) in Trade Payables	(148.89)	(158.29)
	Increase/(Decrease) in Other Current Financial Liabilities
	Increase/(Decrease) in Other Current Liabilities	(19.23)	3,485.99
	Increase/(Decrease) in Provision (Current)	÷	0.26
	Increase/(Decrease) in Provision (Non Current)		3.29
	Increase/(Decrease) in Liabilities (Non Current)	(483.64)
	Increase/(Decrease) in Other Financial Liabilities (Non Current)	0.00	(156.87)
	Decrease/(Increase) in Trade Receivables	(106.21)	44.74
	Decrease/(Increase) in Inventories	1.55	(2, 138.65)
	Decrease/(Increase) in Other Financial Assets (Current)	1,986.49	(3,374.01)
	Decrease/(Increase) in Others Assets and Liabilities	(132.63)	(130.28)
	Net cash flow before Tax and Extra ordinary Item	2,197.37	(1,054.97)
	Direct Taxes (Paid) / Refund	(127.15)	(203.73)
	Net cash flow from / (used in ) operating activities (A)	2,070.22	(1,258.70)
B	Cash flows from investing activities
	Purchase of fixed assets, including intangible assets, CWIP and capital advances	(1.83)	(5.17)
	Sale of Fixed Assets	236.86	18.00
	Decrease/(Increase) in Non-Current Assets	(27.54)	(2.80)
	Sale of Investment
	Sale of Investment Property	48.20
	Purchase of Investment property Decrease/(Increase) in Non-Current Investments	(47.23) $\overline{\phantom{a}}$	(0.50)
	Dividend Received
	Interest Received	189.19	335.16
	Intercorporate Loan given	71.05	(17.03)
	Intercorporate Loan recovered		443.97
	Net Cash flows from investing activities (B)	468.70	771.61
с	Cash flows from financing activities Proceeds/(Repayment) from borrowings (Non Current)	$\blacksquare$
	Proceeds/(Repayment) from borrowings (Current)		÷.
	Interest Paid	(2,314.05)	796.17
		(132.67)	(392.29)
	Net cash flows from/(used in) in financing activities (C)	(2,446.72)	403.88
	Net increase / (decrease) in cash and cash equivalent (A+B+C)	92.20	(83.21)
	Cash and cash equivalent at the beginning of the year	12.31	95.49
	Cash and cash equivalent at the end of the year	104.51	12.29
		Year Ended
		30th September, 2025	31st March, 2025
	Components of Cash and Cash Equivalents
	Cash in Hand	24.84	11.74
	With Banks - On Current Account	79.67	0.56
	Total cash and cash equivalents	104.51	12.31

Place: Kolkata Date: 14th November, 2025 Mahesh
Chairman & Managing Directo
Mahesh Kumar Agarwa (Managing Director & Chairman) $(DIN:00480731)$

For Bon Behalf Of the Board
For Pansari Developers Limited

h Aran

	PANSARI DEVELOPERS LIMITED
	Corporate Identity Number : L72200WB1996PLC079438
	Standalone Unaudited Balance Sheet as at 30th September, 2025
			(Rs in Lakh)
		Standalone
		As on	As on
	Particulars	30th September, 2025	31st March, 2025
		(Unaudited)	(Audited)
	ASSETS
(1)	Non-Current Assets (a)Property, Plants & Equipments	5,339.74	5,712.99
	(b) Investment Property	3,250.80	3,252.32
	(c) Financial Assets
	(i) Investments	871.22	871.22
	(ii) Loans	156.24	227.28
	(d) Deferred Tax Asset (Net)	241.86	351.01
	(e) Other Non-Current Assets	261.64	234.11
		10,121.50	10,648.93
(11)	Current Assets
	(a) Inventories	9,806.43	9,807.98
	(b) Financial Assets
	(i) Trade Receivables	129.91	23.70
	(ii) Cash and Cash Equivalents	104.51	12.31
	(iii) Others	7,250.92	9,237.41
	(c) Other Current Assets	827.47	694.84
	(d) Current Tax Assets (Net)	69.51	110.99
		18,188.75	19,887.23
	Total Assets	28,310.25	30,536.16
	EQUITY AND LIABILITIES
(1)	EQUITY
	(a) Equity Share Capital	1,744.68	1,744.68
	(b) Other Equity	12,418.90	11,679.00
		14,163.58	13,423.68
(11)	LIABILITIES
	(i) Non-Current Liabilities
	(a) Financial Liabilities	279.80
	(i) Other Financial Liabilities (b) Provisions	13.18	279.80 13.18
	(c) Other Non Current Liabilities	511.86	995.50
		804.84	1,288.48
	Current Liabilities
(III)	(a) Financial Liabilities
	(i) Borrowings	4,877.44	7,191.49
	(ii) Trade Payables
	(A) Total outstanding dues of micro, small and medium enterprises	5.99	2.56
	(B) Total outstanding dues of creditors other than micro and medium
	enterprises	48.92	201.24
	(iii)Other current financial Liabilities	108.40	108.40
	(b) Other Current Liabilities	8,299.78	8,319.01
	(c) Provisions	1.30	1.30
		13,341.83	15,824.00
	TOTAL LIABILITIES	14,146.67	17,112.48
	TOTAL - EQUITY AND LIABILITIES	28,310.25	30,536.16

Place: Kolkata Date: 14th November, 2025

lule Aga aer Mahesh Agarwal
Chairman & Managing Directo Mahesh Kumar Agarwal

(Managing Director & Chairman) $(DIN:00480731)$

For & On Behalf Of the Board For Pansan Developers Limited

PANSARI DEVELOPERS LIMITED Corporate Identity Number: L72200WB1996PLC079438

Statement of Unaudited Financial Results for the Quarter/Half Year ended 30th September,2025

				Standalone
			Quarter Ended			Half Year Ended	Year Ended
SI. No.	Particulars	30th September 2025	30th June 2025	30th September 2024	30th September2025	30th September202	31st March 2025
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
$\mathbf{1}$	Income from Operations
	(a) Revenue from Operations	2,756.69	1,774.25	606.75	4,530.94	1,363.68	3,646.59
	(b) Other Income	204.52	106.95	115.57	311.48	201.04	458.21
	Total Income	2,961.21	1,881.20	722.31	4,842.42	1,564.73	4,104.80
$\overline{2}$	Expenditure
	(a) Opreating Cost	1,657.37	1,698.01	786.82	3,355.39	1,643.18	4,272.75
	(b) Purchase of Stock In Trade	53.00			53.00
	(c) Changes in Inventories	555.70	(554.15)	(452.96)	1.55 101.79	(816.61) 40.03	(2, 138.65) 76.85
	(d) Employee Benefits Expenses	53.18 57.20	48.61 75.47	22.10 106.81	132.67	195.89	392.29
	(e) Finance Cost	59.02	71.31	98.98	130.33	198.19	316.92
	(f) Depreciation and Amortisation Expenses	32.35	17.66	43.60	50.01	70.63	187.46
	(g) Other Expenses	2,467.83	1,356.91	605.36	3,824.73	1,331.32	3,107.62
3	Total Expenses	493.38	524.30	116.96	1,017.68	233.41	997.17
4	Profit before Exceptional Items		$\sim$	÷			$\overline{\phantom{a}}$
5	Add: Exceptional Item	493.38	524.30	116.96	1,017.68	233.41	997.17
6	Profit before Tax
	Less : Tax Expense	81.80	86.83	18.27	168.63	35.61	160.41
	(a) Current Tax	68.53	41.19	14.64	109.72	28.91	98.59
	(b) Mat Credit Entitlement (c) Deferred Tax	17.53	(18.10)	(7.13)	(0.57)	(16.48)	(12.37)
	(d) Mat Credit for Earlier Year		w	$\omega$
	(e) Income tax for Earlier year						0.43
$\overline{7}$	Total Tax	167.86	109.92	25.78	277.78	48.04	247.05
8	Net Profit	325.53	414.37	91.18	739.90	185.37	750.12
	Other Comprehensive income (After tax)
	(a) Items that cannot be Reclassified to P&L A/c
	Re-measurement income/ (loss) on defined
	benefit plans					u	0.56
	Income tax relating to above items						(0.16)
	Fair Value through OCI of Equity Investment	(0.04)	0.04			w	9.35
	b) Income tax relating to above items	0.00	(0.00)				(1.04)
9	Total Other comprehensive income (a+b)	(0.04)	0.04				8.71
10	Total comprehensive income for the period (8+9)	325.49	414.41	91.18	739.90	185.37	758.84
	Paid Up Share Capital (Face Value Rs 10 each)	1,744.68	1,744.68	1,744.68	1744.68	1744.68	1744.68
	Earning per share (Face Value Rs 10 each)
		1.87	2.38	0.52	4.24	1.06	4.30
	(a) Basic	1.87	2.38	0.52	4.24	1.06	4.30
Notes:	(b) Diluted
	(a) The Financial Results of the Company for the Quarter ended 30th September, 2025 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on 14th November, 2025. The Statutory Auditors of the Company have carried out Audit of these results and the results are being published in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. (b) The financial results of the company have been prepared in accordance with Indian Accounting Standard (IND AS) notified under the companies (Indian Accounting Standard) Rules 2015 as ammended by the companies (Indian Accounting Standard) (Ammendement) Rules 2016. The company adopted IND AS from 01.04.2021 and accordingly these Financial Results (Incuding for all the periods periods presented in accordance with IND AS 101
	first time adoption of Accouting Standards) have been prepared.
	(c) The company does not have any extraordinary or exceptional items to report for the above period.
	The Company does not have more than one reportable segment.
(d)
(e)	Comparative figures have been rearranged / regrouped wherever necessary.
(f)	The IND AS compliant corresponding figures in the previous years have not been subjected to review/audit however the company's management has exercised necessary due deligence to ensure that such financial results provide true and fair view of its affairs.
(g)	The figures for the quarter ended 30th September, 2025 are the balancing figure between the unaudited figures in respect of Half Year ended 30th September, 2025 and Published Figure upto the end of the first quarter ended 30th June, 2025
(h)	Figures of the Previous Periods have been re-arranged/regrouped wherever necessary to conform to current period's classification.
		S			For and on behalf of the board ansan Developers Limiteo
					Mahesh Chairman & Ma	garwal Jaing Directo.
					Mahesh Kumar Agarwal
	Place: Kolkata				(Managing Director & Chairman)
	Date: 14th November, 2025				(DIN No. 00480731)