SIGMA SOLVE
Enterprise Software Solutions

Date: 19th May, 2026

National Stock Exchange of India Limited
Exchange Plaza, Bandra-Kurla Complex
Bandra (E), Mumbai- 400051,
Maharashtra, INDIA
Symbol: SIGMA

BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street Mumbai-400 001
Maharashtra, India
Scrip Code: 543917

Sub: Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Audited Standalone and Consolidated Financial Results for the Quarter and Financial Year ended 31st March, 2026.

Dear Sir/Madam,

Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors at their Meeting held on 19th May, 2026, considered and approved the Audited Standalone and Consolidated Financial Results of the Company for Quarter and Financial Year ended 31st March, 2026.

A copy of the said Audited Standalone and Consolidated Financial Results together with the Auditors Report for the Quarter and Financial Year ended 31st March, 2026 are enclosed herewith as Annexure.

Further, pursuant to the provisions of Regulation 33 (3) (d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the declaration on the "Audit Report with Unmodified Opinion" in respect of the Annual Audited Standalone and Consolidated Financial Results of the Company for the Financial Year ended 31st March 2026, signed by Managing Director of the Company, is enclosed.

The meeting of the Board commenced at 10:30 A.M. and concluded at 03:35 P.M.

Thanking you

Kindly take note of the same and update on record of the Company accordingly.

Yours faithfully,

FOR, SIGMA SOLVE LIMITED

PRAKASH RATILAL
Digitally signed by
PRAKASH RATILAL
PARIKH
Date: 2026.05.19
16:22:05 +05'30'

Prakash R Parikh
Managing Director
DIN: DIN: 03019773

+91 9898095243
079 29708387
www.sigmasolve.in
CIN: L72200GJ2010PLC060478
801-803, PV Enclave, ICICI Bank Lane Road
Sindhubhavan Road, Ahmedabad - 380054

Mistry & Shah
Chartered Accountants

INDEPENDENT AUDITOR'S REPORT ON QUARTERLY FINANCIAL RESULTS AND YEAR TO DATE STANDALONE FINANCIAL RESULTS OF SIGMA SOLVE LIMITED PURSUANT TO REGULATION 33 OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATION AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

To,
The Board of Directors of
Sigma Solve Limited
Report to the audit of Standalone Financial Results

Opinion

We have audited the accompanying quarterly and year to date standalone financial results of Sigma Solve Limited (“The Company”) for the quarter ended 31st March, 2026 and the year-to-date result for the period 1st April, 2025 to 31st March, 2026 (“The Financial Statement”), being submitted by the Company pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015. In our opinion and to the best of our information and according to the explanations given to us these standalone financial results:

i. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations 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 the net profit and other comprehensive income and other financial information for the quarter ended 31st March, 2026 as well as the year-to-date results for the period from 1st April, 2025 to 31st March, 2026.

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 (“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

C 1008, Stratum@Venus Grounds, West Wing,
10th Floor, Nr. Jhansi ki Rani BRTS, Nehrunagar,
Ahmedabad, Gujarat, India-380015.
[email protected] • www.mistryandshah.com • +91 79 40050150 | +91 79 40060150

MISTRY & SHAH
AHMEDABAD
CHARTERED ACCOUNTANTS
67, New Market Yard, Mansa,
Dist.: Gandhinagar - 382 845
Ph.: 02763 270205

Mistry & Shah Chartered Accountants

relevant to our audit of the financial results under the provisions of the Companies Act, 2013 and the Rules there 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 we have obtained is sufficient and appropriate to provide a basis for our opinion.

Management's Responsibility for the Standalone Financial Statements

The Company's board of directors are responsible for the matters stated in section 134(5) of the Act with respect to the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the accounting standards specified under section 133 of the Act. 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 financial statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is 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 management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. The boards of directors are also responsible for overseeing the Company's financial reporting process.

Auditor's responsibilities for the audit of the standalone financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements 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 financial statements.

C 1008, Stratum@Venus Grounds, West Wing,
10th Floor, Nr. Jhansi ki Rani BRTS, Nehrunagar,
Ahmedabad, Gujarat, India-380015.

67, New Market Yard, Mansa,
Dist.: Gandhinagar - 382 845
Ph.: 02763 270205

[email protected] • www.mistryandshah.com • +91 79 40050150 | +91 79 40060150

Mistry & Shah Chartered Accountants

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

i) Identify and assess the risks of material misstatement of the financial statements, 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.

ii) 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 Companies Act, 2013, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls system in place and the operating effectiveness of such controls.

iii) Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

iv) Conclude on the appropriateness of management's 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 statements 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.

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

57, New Market Yard, Mansa,
Dist.: Gandhinagar - 382 845
Ph.: 02763 270205

[email protected] • www.mistryandshah.com • +91 79 40050150 | +91 79 40060150

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. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

Other matters-

The Statement includes the results for the quarter ended March 31, 2026 being the balancing figures between the audited figures in respect of the full financial year ended March 31, 2026 and the published unaudited year-to-date figures up to the end of the third quarter of the current financial year, which were subjected to a limited review by us.

For Mistry & Shah LLP
Chartered Accountants
F.R.N: - W-100683

CA Ketan Mistry
Partner
M.No. 112112

Date: May 19, 2026
Place: Ahmedabad
UDIN: 26112112SQNWLX3630

SIGMA SOLVE LIMITED 601-803, P V Enclave, ICICI Bank Lane Road, Sindhubhavan Road, S G Highway Ahmedabad, Gujarat CIN : L72200GJ2010PLC060478
(₹ in Lakh)
	STATEMENT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH 2026

Sr.No	Particulars	Quarter Ended			Year Ended
		31.03.2026 (Audited)	31.03.2026 (Audited)	31.12.2026 (Unaudited)	31.03.2026 (Audited)	31.03.2026 (Audited)
1	Revenue
(a)	Revenue from operations	900.42	847.55	1,030.95	3,852.18	3,193.56
(b)	Other income	47.08	(12.75)	35.25	168.08	78.42
	Total income	947.60	834.80	1,066.20	4,020.24	3,271.98

2	Expenses
(a)	Employee benefits expenses	551.57	544.08	606.78	2,499.34	2,037.96
(b)	Financial costs	4.58	7.30	6.15	36.03	40.74
(c)	Depreciation and amortization expenses	20.32	23.99	24.16	87.48	92.02
(d)	Other expenses	154.39	79.21	135.08	455.51	362.23
	Total Expense	730.86	654.58	772.17	3,077.86	2,532.95
3	Proficies( before Exceptional Items and Tax (1-2)	216.64	180.22	294.03	942.38	739.03
4	Exceptional items
5	Profit/(loss) Before Tax (3+4)	216.64	180.22	294.03	942.38	739.03
6	Tax expense
	Current Tax	40.95	48.48	103.80	254.66	187.18
	Deferred Tax	(11.01)	(8.67)	0.28	(7.11)	(5.55)
7	Net Profit after tax for the period (5-6)	186.70	140.41	189.95	694.83	557.40
8	Other Comprehensive Income (after tax) (OCI)
(a)	Items that will not be reclassified to profit or loss	6.01	0.14	20.48	23.02	2.17
(b)	Tax relating to above items	(1.81)	(0.04)	(5.15)	(5.79)	(0.55)
	Other Comprehensive Income (after tax) (OCI)	4.50	0.10	15.33	17.23	1.62
9	Total Comprehensive Income (after tax) (10+11)	191.20	140.51	205.28	712.06	559.02
10	Paid up Equity Share Capital (Face value of ₹ 1/- each.)	1,027.75	1,027.75	1,027.75	1,027.75	1,027.75
11	Other Equity				1,782.45	1,121.78
12	Earnings Per Share in ₹ (Face Value ₹ 1 each) (not annualised for quarter)
(a)	Basic	0.18	0.13	0.18	0.68	0.54
(b)	Diluted	0.18	0.13	0.18	0.68	0.54
Notes: Notes to Standalone Audited financials results for the Quarter and Year Ended 31 March 2026:
1	The above results are in accordance with the Indian Accounting Standards(Ind-AS) as prescribed under Section 133 of the Companies Act, 2013, read with the relevant rules issued thereunder and other accounting principles generally accepted in India.
2	The figures for the corresponding previous period have been regrouped / reclassified wherever necessary, to make them comparable.
3	The Company has single reportable business segment. Hence, no separate information for segment wise disclosure is given in accordance with the requirements of Indian Accounting Standard (Ind AS) 108 - "Operating Segments".
4	On 06th August 2025, the board of directors had recommended a final dividend of ₹ 0.50/- per equity share for the F.Y. 2024-25, which was approved by the shareholders in the annual general meeting conducted on 17th September 2025.
5	These standalone audited financial results of the Company for the quarter and Year ended March 31, 2026 have been reviewed by the Audit Committee and then approved by the Board of Directors at their respective meetings held on May 19, 2026. The Statutory Auditors of the Company have carried out a audit of the financial results for the quarter and year ended March 31, 2026 and have issued an unmodified Audit report on these financial results.
6	Effective October 6, 2025, pursuant to share split, the existing 1(One) equity share having face value of Rs.10/- (Rupees Ten Only) each is split into 10(Ten) equity shares of Rs.1/- (Rupees One Only) each.
For Sigma Solve Limited Pracked Rlan 11
Place: Ahmedabad Date: 19th May 2026	Prakash R. Parikh Chairman cum Managing Director DIN: 05019773

SIGMA SOLVE LIMITED (CIN:- L72200GJ2010PLC060478)
AUDITED STANDALONE BALANCE SHEET AS AT 31st MARCH 2026
(€ in Lakh)
Particulars	As at
31st March 2026 (Audited)	As at
31st March 2025
I. ASSETS
(1) Non-Current Assets
(a) Property, plant and equipment	632.75	697.21
(b) Intangible assets	0.04	0.06
(c) Right to use Asset	-	-
(d) Financial assets	-	-
(i) Investments in Shares of Subsidiary Company & Associate Entities	279.96	279.96
(ii) Other Investment	279.19	276.38
(iii) Other financial assets	1,289.86	475.18
Total Non-Current Assets	2,481.80	1,728.75
(2) Current Assets
(a) Financial assets
(i) Investments	-	-
(ii) Trade receivables	3.42	282.31
(iii) Cash and cash equivalents	598.54	8.68
(iv) Other Bank balances	4.92	824.10
(v) Loans	-	1.00
(vi) Others financial assets	400.34	117.91
(b) Other current assets	24.14	22.29
Total Current Assets	1,031.36	1,256.25
Total Assets	3,513.16	2,985.08
II. EQUITY AND LIABILITIES
EQUITY
(a) Equity share capital	1,027.75	1,027.75
(b) Other equity	1,782.45	1,121.78
TOTAL EQUITY	2,810.20	2,149.53
LIABILITIES
(1) Non-Current Liabilities
(a) Financial liabilities
(i) Borrowings	88.45	187.81
(b) Deferred tax liabilities (net)	14.09	15.42
(c) Provisions	75.78	73.19
Total Non-Current Liabilities	182.32	276.42
(2) Current Liabilities
(a) Financial liabilities
(i) Borrowings	110.96	175.82
(ii) Trade payables	-	-
Total outstanding dues of micro enterprises and small enterprises	14.32	22.72
Total outstanding dues of creditors other than micro enterprises and small enterprises	16.42	17.71
(iii) Other financial liabilities	178.19	181.38
(b) Other current liabilities	12.88	18.47
(c) Provisions	31.23	15.99
(d) Current tax liability (Net)	148.84	147.07
Total Current Liabilities	520.64	559.13
Total Liabilities	702.96	835.55
Total Equity and Liabilities	3,513.16	2,985.08

For Sigma Solve Limited
Prakash R. Parikh
Chairman cum Managing Director
DIN: 03019773

Place: Ahmedabad
Date: 19th May 2026

SIGMA SOLVE LIMITED (CIN:- L72200GJ2010PLC060478)
STANDALONE STATEMENT OF PROFIT AND LOSS FOR THE HALF YEAR ENDED ON 31st March 2026
(₹ in Lakh)
Particulars	For the Year ended
31st March 2026	For the Year ended
31st March 2025
Income
Revenue from operations	3,852.18	3,193.56
Other income	168.06	78.42
Total Income (A)	4,020.24	3,271.98
Expenses
Employee benefits expenses	2,499.34	2,037.96
Finance costs	36.03	40.74
Depreciation and amortization expenses	87.48	92.02
Other expenses	455.01	362.23
Total Expenses (B)	3,077.86	2,532.95
Profit/(loss) before Exceptional Items and Tax
Exceptional items	-	-
Profit/(loss) Before Tax (A-B)	942.38	739.03
Tax Expense:
- Current tax	254.66	187.18
- Deferred tax	(7.11)	(5.55)
Total Tax Expense	247.55	181.63
Profit/(loss) After Tax (C)	694.83	557.40
Other Comprehensive Income
Items that will not be reclassified to profit or loss	23.02	2.17
Tax relating to above items	(5.79)	(0.55)
Total Other comprehensive income (Net of Tax) (D)	17.23	1.62
Total Comprehensive Income for the period (C+D)	712.06	559.02
Earnings Per Share in ₹ (Face Value ₹ 1 each)
Basic	0.68	0.54
Diluted	0.68	0.54
Material Accounting Policies Information
For Sigma Solve Limited
Prakash R. Parikh
Chairman cum Managing Director
DIN: 03019773

Place: Ahmedabad
Date: 19th May 2026

SIGMA SOLVE LIMITED (CIN:- L72200GJ2010PLC060478)
STANDALONE STATEMENT OF CASH FLOW FOR THE YEAR ENDED ON 31ST MARCH, 2026
(% in Lakh)
Particulars	For the Year ended on 31st March 2026	For the Year ended on 31st March 2025
CASH FLOW FROM OPERATING ACTIVITIES
Profit before tax	942.38	739.03
Non-Cash adjustment to reconcile profit before tax to net cash flows
Depreciation & amortization expenses	87.48	92.02
Fair Valuation Gain / Loss on Investments	9.23	(24.87)
Loss on Lease Termination	0.04
Fair Valuation Gain / Loss on Derivative	(4.64)	4.64
Other Adjustments
Interest & Dividend Income	(47.07)	(30.95)
Finance Cost	36.03	40.74
Operating profit before Working Capital changes	1,023.45	820.61
Adjustments in Working Capital	309.06	624.98
Increase/(Decrease) in Provisions	44.85	26.18
Increase/(Decrease) in Trade Payables	(9.69)	13.90
Increase/(Decrease) in Other current Liabilities	(5.59)	(2.65)
Increase/(Decrease) in Other current financial liabilities	1.45	19.68
Decrease/(Increase) in Trade receivables	278.89	560.45
Decrease/(Increase) in Short term Loans and advances	1.00	(0.80)
Decrease/(Increase) in Other Current Assets	(1.85)	8.22
Cash Generated from Operations	1,332.51	1,445.59
Income Tax(Paid)/Refund (Net)	(225.06)	(119.40)
Net Cash From Operating activities (A)	1,107.45	1,326.19
CASH FLOW FROM/(USED IN) INVESTING ACTIVITIES
Purchase of Property, Plant & Equipment including Capital Work in Progress (net)	(18.40)	(23.23)
Interest & Dividend Received	39.90	25.83
Movement in Investment of bank deposits	(259.51)	(1,108.77)
Movement in Investment of other deposits	(11.34)	(1.09)
Purchase of Investments	(12.05)	(0.70)
Sale/Redemption of Investments		0.03
Net Cash (Used In) Investing activities (B)	(261.40)	(1,107.93)
CASH FLOW FROM FINANCING ACTIVITIES
Finance Cost Paid	(35.34)	(40.74)
Dividend Paid	(51.39)	(51.39)
Payment of Lease Liabilities	(5.24)
Proceeds from / (Repayment) of Short term Borrowings	(64.86)	(19.53)
Proceeds from / (Repayment) of Long term Borrowings	(99.36)	(99.13)
Net Cash From Financing Activities (C)	(256.19)	(210.79)
Net Increase / (Decrease) in Cash and Cash Equivalents (A+B+C)	589.86	7.47
Cash and Cash Equivalents at the beginning of the year	8.68	1.21
Cash and Cash Equivalents at the end of the year	598.54	8.68

For Sigma Solve Limited
Prakash R. Parikh
Chairman cum Managing Director
DIN: 03019773

Mistry & Shah

Chartered Accountants

AUDITOR'S REPORT ON QUARTERLY FINANCIAL RESULTS AND YEAR TO DATE CONSOLIDATED FINANCIAL RESULTS OF SIGMA SOLVE LIMITED PURSUANT TO REGULATION 33 OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATION AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

To,

The Board of Directors of

Sigma Solve Limited

Report to the audit of Consolidated Financial Results

Opinion

We have audited the accompanying quarterly Consolidated financial results of Sigma Solve Limited ("The Company") for the quarter ended 31st March, 2026 and the year-to-date result for the period 1st April, 2025 to 31st March, 2026 ("The Financial Statement"), being submitted by the Company pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015. In our opinion and to the best of our information and according to the explanations given to us these consolidated financial results:

i. includes the results of the entities mentioned below;

Sr. No.	Name of Entity	Relation
1	Sigma Solve INC	Subsidiary
2	Rish Info Logistics private limited	Subsidiary

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

iii. 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 the net profit and other comprehensive income and other financial information for the quarter ended 31st March, 2026 as well as the year-to-date results for the period from 1st April, 2025 to 31st March, 2026.

C 1008, Stratum@Venus Grounds, West Wing,

10th Floor, Nr. Jhansi ki Rani BRTS, Nehrunagar,

Ahmedabad, Gujarat, India-380015.

67, New Market Yard, Mansa,

Dist.: Gandhinagar - 382 845

Ph.: 02763 270205

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 ("the 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 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 Companies Act, 2013 and the Rules there 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 we have obtained is sufficient and appropriate to provide a basis for our opinion.

Management's Responsibility for the Consolidated Financial Statements

The Company's board of directors are responsible for the matters stated in section 134 (5) of the Act with respect to the preparation of these Consolidated financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the accounting standards specified under section 133 of the Act. 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 financial statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the consolidated financial statements, management is 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 management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. The boards of directors are also responsible for overseeing the Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated financial statements

Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement whether due to fraud or error,

[email protected] • www.mistryandshah.com • +91 79 40050150 | +91 79 40050150

MISTRY & SHAH
AHMEDABAD
CHAIRMAN
JAYCORPORATION

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 financial statements.

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

iii) Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

67, New Market Yard, Mansa,
Dist.: Gandhinagar - 382 845
Ph: 02763 270205

Mistry & Shah

Chartered Accountants

v) Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

Other matters-

For Mistry & Shah LLP
Chartered Accountants
F.R.N: - W100683

CA Ketan Mistry
Partner
M.NO. 112112

Date: May 19, 2026
Place: Ahmedabad
UDIN: 26112112AUALSK4516

| SIGMA SOLVE LIMITED
801-803, P V Enclave, JCICI Bank Lane Road, Sindhubhanan Road, S G Highway Ahmedabad, Gujarat
CIN : L72355GJ2010PLC060478
(₹ in Lakh) | | | | | | |
| --- | --- | --- | --- | --- | --- | --- |
| | STATEMENT OF AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH 2020 | | | | | |
| | | Consolidated results | | | | |
| Sr.No | Particulars | Quarter Ended | | | Year Ended | |
| | | 31.03.2026
(Audited) | 31.03.2025
(Audited) | 31.12.2025
(Uneudited) | 31.03.2026
(Audited) | 31.03.2025
(Audited) |
| 1 | Revenue | | | | | |
| (a) | Revenue from operations | 2,464.38 | 2,353.76 | 2,472.93 | 2,591.70 | 7,517.23 |
| (b) | Other income | 178.65 | 112.53 | 166.50 | 456.93 | 140.10 |
| | Total Income | 3,368.53 | 2,241.26 | 2,638.43 | 10,030.35 | 7,757.42 |
| 2 | Expenses | | | | | |
| (a) | Cost of Services Consumed | 486.81 | 237.71 | 417.75 | 1,445.88 | 941.90 |
| (b) | Employee benefits expenses | 656.04 | 544.14 | 670.97 | 5,850.44 | 3,085.80 |
| (c) | Finance costs | 6.05 | 7.30 | 6.15 | 30.03 | 60.74 |
| (d) | Depreciation and amortization expenses | 20.46 | 26.90 | 24.16 | 87.90 | 104.82 |
| (e) | Other expenses | 308.73 | 259.45 | 385.71 | 1,445.71 | 1,015.60 |
| | Total Expense | 1,708.52 | 1,415.40 | 1,719.74 | 5,860.76 | 5,188.90 |
| 3 | Profit/(Loss) before Exceptional Items and Tax (1-3) | 679.31 | 525.78 | 520.69 | 3,159.54 | 2,568.56 |
| 4 | Pretax/(Net Items) | | | | | |
| 5 | Profit/(Loss) Before Tax (3+4) | 579.01 | 525.76 | 620.69 | 3,159.54 | 2,068.56 |
| 6 | Tax expense | | | | | |
| | Current Tax | (239.38) | 10.65 | 418.36 | 721.56 | 363.07 |
| | Deferred Tax | 378.95 | 232.34 | 1167.72 | 47.77 | 305.69 |
| | Net Profit after tax for the period (5-6) | 534.44 | 442.26 | 470.05 | 2,390.18 | 1,908.90 |
| 7 | Other Comprehensive Income (after tax) (DID) | | | | | |
| (a) | Items that will not be reclassified to profit or loss | 8.01 | 0.14 | 20.48 | 23.02 | 2.17 |
| (b) | Tax relating to above items | (1.61) | (0.04) | (5.13) | (6.79) | (0.05) |
| (c) | Items that will be reclassified to profit or loss | 221.70 | 6.05 | 37.83 | 410.89 | 61.59 |
| | Other Comprehensive Income (after tax) (DID) | 226.20 | 6.16 | 73.16 | 427.82 | 43.24 |
| 8 | Total Comprehensive Income (after tax) | 762.64 | 688.54 | 743.31 | 2,916.10 | 1,572.01 |
| | Profit attributable to: | | | | | |
| | Owners of the Company | 536.58 | 682.44 | 666.55 | 2,387.72 | 1,908.90 |
| | Non Controlling Interest | (0.14) | (0.05) | 1.90 | 2.45 | (0.15) |
| | Other comprehensive income attributable to: | | | | | |
| | Owners of the Company | 226.20 | 6.15 | 73.16 | 427.82 | 53.21 |
| | Non-Controlling Interest | | | | | |
| | Total comprehensive income attributable to: | | | | | |
| | Owners of the Company | 762.78 | 688.58 | 741.71 | 2,915.60 | 1,972.16 |
| | Non-Controlling Interest | (0.14) | (0.05) | 1.90 | 2.45 | (0.15) |
| 10 | Paid up Equity Share Capital (Face value of $ 1/- each.) | 1,027.75 | 1,027.75 | 1,027.75 | 1,027.75 | 1,027.75 |
| 11 | Other Equity | | | | | 3,514.72 |
| 12 | Earnings Per Share in $ (Face Value $ 1 each) (not annualised for Quarter) | | | | | |
| (a) | Basic | 0.52 | 0.86 | 0.65 | 2.32 | 1.90 |
| (b) | Diluted | 0.52 | 0.86 | 0.65 | 2.32 | 1.90 |

Notes:
Notes to Consolidated audited financials results for the Quarter And Year Ended on 31 March 2020:

The above results are in accordance with the Indian Accounting Standards(Ind-AS) as prescribed under Section 133 of the Companies Act, 2013, read with the relevant rules issued thereunder and other accounting principles generally accepted in India.
The figures for the corresponding previous period have been regrouped / reclassified wherever necessary, to make them comparable.
The Company has single reportable business segment. Hence, no separate information for segment wise disclosure is given in accordance with the requirements of Indian Accounting Standard (Ind-AS) 108 - "Operating Segments".
On 06th August 2025, the board of directors had recommended a final dividend of Rs. 0.50/- per equity share for the F.Y. 2024-25, which was approved by the shareholders in the annual general meeting conducted on 17th September 2025.
These consolidated audited financial results of the Company for the quarter and year ended March 31, 2026 have been reviewed by the Audit Committee and then approved by the Board of Directors at their respective meetings held on May 19, 2025. The Statutory Auditors of the Company have carriedout an audit of the audited financial results for the quarter and year ended March 31, 2026 and have issued an unmodified review report on these financial results.
Effective October 6, 2025, pursuant to share split, the existing 1(One) equity share having face value of Rs.10/- (Rupees Ten Only) each is split into 10(Two) equity shares of Rs.1/- (Rupees One Only) each.
On 16th April 2024, the Company incorporated a subsidiary named Rish Info Logistics Private Limited. The Company holds 70% shares of newly created entity.

Place: Ahmedabad
Date: 19 May 2026


SIGMA SOLVE LIMITED (CIN:- L72200GJ2010PLC060478)
CONSOLIDATED BALANCE SHEET AS AT 31ST MARCH 2026
(€ in Lakh)
Particulars	Note:	As at 31st March 2026	As at 31st March 2025
I. ASSETS
(1) Non-Current Assets
(a) Property, plant and equipment	3	633.68	697.21
(b) Intangible assets	3	0.04	0.06
(c) Financial assets
(i) Investments	4	3,694.91	1,520.92
(ii) Other financial assets	7	1,289.86	475.18
(d) Deferred Tax Asset (Net)	9	0.13	0.11
Total Non-Current Assets		3,618.62	2,693.48
(2) Current Assets
(a) Financial assets
(i) Other investments	4	161.86	139.50
(ii) Trade receivables	10	1,840.68	2,094.41
(iii) Cash and cash equivalents	11	866.59	243.00
(iv) Other Bank balances	11	4.92	824.10
(v) Leases	6		1.00
(vi) Others financial assets	7	400.34	117.91
(b) Other current assets	8	28.29	37.22
Total Current Assets		3,603.68	3,457.14
Total Assets		8,821.30	6,150.82
II. EQUITY AND LIABILITIES
EQUITY
(a) Equity share capital	12	1,027.75	1,027.75
(b) Other equity	13	6,679.06	3,914.79
Equity attributable to Owners of the Company		7,706.81	4,942.54
Non-Consolidating Interests		2.81	0.15
TOTAL EQUITY		7,706.82	4,942.69
LIABILITIES
(1) Non-Current Liabilities
(a) Financial liabilities
(i) Borrowings	14	88.76	188.13
(b) Deferred tax liabilities (net)	9	413.69	324.58
(c) Provisions	15	79.78	73.19
Total Non-Current Liabilities		582.23	585.90
(2) Current Liabilities
(a) Financial liabilities
(i) Borrowings	14	112.54	177.25
(ii) Trade payables	16
Total outstanding dues of micro enterprises and small enterprises		14.35	22.90
Total outstanding dues of creditors other than micro enterprises and small enterprises		84.55	74.68
(iii) Other financial liabilities	17	178.19	181.58
(b) Other current liabilities	18	13.14	18.47
(c) Provisions	15	32.88	15.99
(d) Current tax liability (Net)	19	195.00	131.16
Total Current Liabilities		830.49	622.03
Total Liabilities		1,212.88	1,207.93
Total Equity and Liabilities		6,922.30	6,150.62

For Sigma Solve Limited

Prakash R. Parikh
Chairman cum Managing Director
DIN: 03019773

Place: Ahmedabad
Date: 19 May 2026

SIGMA SOLVE LIMITED (CIN=172300G20510PLC000478)
CONSOLIDATED STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED ON 31ST MARCH 2026
(Y in LAV)
Particulars	Notes	For the Year ended31st March 2026	For the Year ended31st March 2025
Income
Revenue from operations	20	9,561.70	7,617.23
Other income	21	458.10	140.19
Total Income (A)		10,020.50	7,757.42
Expenses
Cost of Service Expense	22	1,440.68	941.90
Employee benefits expenses	23	3,850.44	3,085.80
Finance costs	24	36.03	40.74
Depreciation and amortization expense:	3	87.90	104.82
Other expenses	25	1,445.71	1,015.88
Total Expenses (B)		5,950.75	5,188.96
Profit/(loss) before Exceptional Items and Tax
Exceptional Items
Profit/(loss) Before Tax (A-B)		3,159.54	2,568.56
Tax Expense:	9
- Current tax		721.58	353.07
- Deferred tax		47.77	305.09
Total Tax Expense		755.56	659.76
Profit/(loss) After Tax (C)		2,395.18	1,908.80
Other Comprehensive Income
Items that will not be reclassified to profit or loss :
- Nemeasurement of post-employment benefit obligations		23.02	2.17
- Tax relating to above items	9	(5.79)	(0.55)
Items that will be reclassified to profit or loss :
- Foreign Currency Translation Reserve		410.05	81.92
Total Other Comprehensive Income (Not of tax) (D)		427.92	63.21
Total Comprehensive Income for the period (C+D)		2,818.10	1,972.01
Profit attributable to:
- Owners of the Company		2,367.73	1,908.95
- Non-Controlling Interest		2.45	(0.15)
Other comprehensive income attributable to:
- Owners of the Company		427.92	63.21
- Non-Controlling Interest
Total comprehensive income attributable to:
- Owners of the Company		2,815.65	1,972.16
- Non-Controlling Interest		2.45	(0.15)
Earning per Equity Share (EPS) for Profit for the Year (Face Value of ¥ 1)	26	2.32	1.86

For Sigma Solve Limited
Professh R. Parikh
Chairman cum Managing Director
CIN: 03019773

SIGMA SOLVE LIMITED (CIN:- L72200GJ2010PLC060478)
CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED ON 31ST MARCH 2026
(€ in Lakh)
Particulars	For the year ended on 31st March 2026	For the year ended on 31st March 2025
CASH FLOW FROM OPERATING ACTIVITIES
Profit before tax	3,159.54	2,568.56
Non-Cash adjustment to reconcile profit before tax to net cash flows
Depreciation & Amortisation Expenses	87.90	104.82
Fair Valuation (Gain) / Loss on Investments	(132.40)	(20.66)
Fair Valuation (Gain) / Loss on Derivatives	(4.64)	4.64
Other Adjustments
Foreign Currency Translation Reserve	446.09	65.48
Loss on lease termination	0.04	-
Interest & Dividend Income	(131.17)	(72.85)
Gain on Sale of Investments	(60.08)	(22.63)
Finance Cost	36.03	40.74
Operating profit before Working Capital changes	3,401.31	2,668.10
Adjustments in Working Capital	306.39	(579.43)
Increase/(Decrease) in Provisions	44.85	26.18
Increase/(Decrease) in Trade Payables	(361.73)	(463.46)
Increase/(Decrease) in Other current Liabilities	(3.88)	(2.47)
Increase/(Decrease) in Other current financial liabilities	1.45	19.88
Decrease/(Increase) in Trade receivables	616.78	(155.38)
Decrease/(Increase) in Short term Loans and advances	1.00	2.53
Decrease/(Increase) in Other Current Assets	7.92	(6.71)
Cash generated from operations	3,707.70	2,088.67
Income Tax(Paid)/ Refund (Net)	(657.75)	(371.67)
Net Cash From Operating activities (A)	3,049.95	1,717.00
CASH FLOW FROM/(USED IN) INVESTING ACTIVITIES
Purchase of Property, Plant & Equipment including Capital Work in Progress (net)	(19.42)	(20.02)
Interest & Dividend Received	123.99	67.73
Movement of Investment in other deposits	(11.34)	(1.09)
Movement of Investment in bank deposits	(259.51)	(1,108.77)
Sale/Redemption of Investments	-	0.03
(Purchase) / Sale of Investments (Net)	(2,003.88)	(927.22)
Net Cash (Used In) Investing activities (B)	(2,170.16)	(1,989.34)
CASH FLOW FROM FINANCING ACTIVITIES
Finance Cost Paid	(35.34)	(40.74)
Dividend Paid	(51.39)	(51.39)
Issuance of fresh equity shares	-	0.30
Payment of Lease Liabilities	(5.24)	-
Proceeds from / (Repayment) of Short term Borrowings	(64.86)	(19.49)
Proceeds from / (Repayment) of Long term Borrowings	(99.37)	(98.81)
Net Cash from / (Used In) Financing Activities (C)	(256.20)	(210.13)
Net Increase / (Decrease) in Cash and Cash Equivalents (A+B+C)	623.59	(482.47)
Cash and Cash Equivalents at the beginning of the year	243.00	725.47
Cash and Cash Equivalents at the end of the year	866.59	243.00

Statement of Deviation / Variation in utilisation of funds raised			(Amount In Lakhs)
Name of listed Entity	Sigma Solve Limited
Mode of Fund Raising	Public Issues
Date of Raising Funds	15-10-2020
Amount Raised (Rs.)	495.45
Report filed for Quarter ended	March 31, 2026
Monitoring Agency	Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised	Yes
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders	Yes
If Yes, Date of shareholder Approval	19.09.2022		(Amount In Lakhs)
Explanation for the Deviation / Variation	The Unutilized Amount of Public Issue Expense to be Utilized as an Amount available for General Corporate Purpose
Comments of the Audit Committee after review	None
Objects for which funds have been raised and where there has been a deviation, in the following table			(Amount In Lakhs)
Original Object		Modified Object, if any	Original Allocation	Modified allocation, if any	Funds Utilised	Amount of Deviation/Variation for the quarter according to applicable object	Remarks if any
1.	Acquisitions And Other Strategic Initiatives	NA	230.00	NA	Nil	Nil	None
2.	Investment in Subsidiary	NA	70.00	NA	70.00	Nil	None
3.	General Corporate Purpose	NA	120.00	NA	120.00	Nil	None
4.	Public Issue Expenses	General Corporate Purpose	75.45	NA	75.45	11.57	None
	Total		495.45		265.45	11.57

Deviation or variation could mean:
(a) Deviation in the objects or purposes for which the funds have been raised or
(b) Deviation in the amount of funds actually utilised as against what was originally disclosed or
(c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc.

For, Sigma Solve Limited

Prakash Ratilal Parikh
Managing Director
03019773

Date:- 19.05.2026
Place:- Ahmedabad

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INDEPENDENT AUDITOR'S REPORT ON QUARTERLY FINANCIAL RESULTS AND YEAR TO DATE STANDALONE FINANCIAL RESULTS OF SIGMA SOLVE LIMITED PURSUANT TO REGULATION 33 OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATION AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

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SIGMA SOLVE LIMITED — Audit Report / Information 2026

59459_rns_2026-05-19_5720225e-9094-4c08-9238-3687b86bd108.pdf

INDEPENDENT AUDITOR'S REPORT ON QUARTERLY FINANCIAL RESULTS AND YEAR TO DATE STANDALONE FINANCIAL RESULTS OF SIGMA SOLVE LIMITED PURSUANT TO REGULATION 33 OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATION AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

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Management's Responsibility for the Standalone Financial Statements

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