SRF Ltd. — Interim / Quarterly Report 2026

Jan 20, 2026

The Corporate Relationship Department, BSE Limited Ist Floor , New Trading Ring Rotunda Building, P.J. Towers Dalal Street, Mumbai 400 001

National Stock Exchange of India Limited “Exchange Plaza” Bandra-Kurla Complex Bandra (E) Mumbai 400 051

Scrip Code- 503806

Scrip Code-SRF

SRF/SEC/BSE/NSE

20.01.2026

Dear Sir,

Unaudited Financial Results for the quarter and nine months ended 31.12.2025 alongwith Limited Review Report for the quarter ended 31.12.2025

Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors at its meeting held today i.e 20[th] January, 2026 (commenced at 11.30 a.m. and concluded at 03.05 p.m.) has inter-alia considered and approved –

1. Unaudited Standalone Financial Results for the quarter and nine months ended 31.12.2025 (copy enclosed alongwith Limited Review Report by Statutory Auditors for quarter ended 31.12.2025)

2. Unaudited Consolidated Financial Results for the quarter and nine months ended 31.12.2025 (copy enclosed alongwith Limited Review Report by Statutory Auditors for quarter ended 31.12.2025)

Thanking you, Yours faithfully, For SRF LIMITED

RAJAT Digitally signed by RAJAT LAKHANPAL LAKHANPAL Date: 2026.01.20 15:07:41 +05'30'

Rajat Lakhanpal

Sr. VP (Corporate Compliance) & Company Secretary

Encl: As above

Building No. 10, 12th Floor, Tower-C DLF Cyber City, Phase - 11 Gurugram - 122 002, India Tel: +91 124 719 1000 Fax: +91 124 235 8613

B S R & Co. LLP

Chartered Accountants

Limited Review Report on unaudited standalone financial results of SRF Limited for the quarter ended 31 December 2025 and year to date results for the period from 01 April 2025 to 31 December 2025 pursuant to Regulation 33 and Regulation 52(4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated IO August 2021, as amended

To the Board of Directors of SRF Limited

• 1 . We have reviewed the accompanying Statement of unaudited standalone financial results of SRF Limited (hereinafter referred to as "the Company") for the quarter ended 3 1 December 2025 and year to date results for the period from O 1 April 2025 to 3 1 December 2025 ("the Statement").

• This Statement, which is the responsibility of the Company's management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"), as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated 10 August 2021, as amended. Our responsibility is to issue a report on the Statement based on our review.

• We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware ofall significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

• 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 Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52(4) of the Listing Regulations, as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated 10 August 2021, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For B S R & Co. LLP

Chartered Accountants

Firm's Registration No.:101248W/W-100022

Gurugram 20 January 2026

+r' Partner Membership No.: 077569 UDIN: 26077569HYSDOV7378

Registered Office:

B 5 R & Co. (a partnership firm with Registration No. BA61223) converted into B 5 R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013

14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063

Page 1 of 1

vO SF

SRF LIMITED

STANDALONE FINANCIAL RESULTS

FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2025

5RF . General 'Restricted use] This mail, document can be used by recipients for ts interaed purpose only

N SF=

SRF LIMITED

Registered Office: The Galleria, DLF Mayur Vihar, Unit No. 236 & 237, Second Floor, Mayur Vihar Place, Naida Link Road, Mayur Vihar Phase I Extn, Delhi - 110091 Tel. No (Regd office) : (+91-11) 49482870 Fax : (+91-11 ) 49482900

E-mail: info@srf.comWebsite:www.srf.com CIN -- L 18101DL 1970PLC005197

STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2025

(Rs. in Crores, except per share data)

				Standalone	Standalone
S.No.	Pariculars	31-Dec-25	Quarer Ended 30-Sep-25	31-Dec-24	Nine Months Ended 31-Dec-25 31-Dec-24		Year Ended 31-Mar25
		(1)	(2)	(3)	(4)	(5)	(6)
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
4	Revenue from operatons
	a. Saleofprducts	2855.59	2751.33	2681.89	8572.93	7974.39	1137.27
	b.Otheroperating revenues	96.09	101.63	79.75	271.88	227.08	320.70
	Total Revenue fom operations	2951.68	2852.96	2761.6	884.81	8201.47	11697.97
2	Other income	33.19	30.05	52.78	98.19	131.0	174.97
3	Total Income	298487	2883.01	2814.42	8943.00	8332.87	11872.94
4	Expenses
	a.Cost of materials consumed	1388.78	1427.14	1379.73	4224.95	4120.23	5602.99
	b.Purchases ofstock-in-trade	24.82	43.18	18.8	101.71	66.34	95.89
	c. Changesin inventories of fnished goods, work-in-prgress and stock in trade	(91.2)	(199.52)	(62.92)	(314.86)	(15227)	23.27
	d.Employee benefts expense	228.81	228.72	216.7	687.13	639.05	869.11
	e. Finance cost	48.0	52.37	76.07	161.14	223.78	296.35
	f.Depreciation and amorisation expense	175.59	170.11	158.81	511.21	47225	629.96
	g.Powerand fuel	272.29	288.85	277.73	871.08	847.5	1127.06
	h. Exchange curency fuctuation (gain)/loss	41.51	29.1	26.08	66.37	65.80	113.3
	i.Otherexpenses	343.0	360.19	348.38	1066.03	1035.24	1410.50
	Total expenses	2432.18	2400.45	2439.08	7374.76	7317.87	10168.56
5	Profit before exceptional items and tax for the period	552.69	482.56	375.34	1568.24	1015.00	104.38
6	Exceptional item -OnetmeImpact of New Labour Codes (Refer Note no.6)	72.95			72.95
7	Profit before tax fr the period	479.74	482.56	375.34	1495.29	1015.00	104.38
8	Tax expense
	- Taxexpense	120.95	119.90	96.91	376.84	261.52	439.57
	-Taxadjustment related to earieryears(Refer Note no. 8)	(99.12)		(1.3)	(99.12)	(1.43)	(3.26)
9	Net Proft afer tax fr the period	457.91	362.66	279.86	121.57	75.91	1268.07
10	Other Comprehensive Income
	A. Items that wilnot be reclassifed toprftorloss
	(i)a)Gain/(loss) on remeasurement of defnedbeneft obligation	4.32	2.13	2.01	2.87	3.62	(0.28)
	(i)(b) Incometaxonitem(i)(a) above	(1.09)	(0.53)	(0.51)	(0.72)	(0.91)	0.07
	B.Items thatwilbe recassifed to prftor loss
	(i)a)Efective porionof gain/(oss) on hedging instruments in a cashfow hedge	(25.14)	(228.91)	(119.07)	(264.23)	(104.19)	(6.08)
	(i)b)Income tax on item (i)(a) above	6.33	57.61	29.96	66.50	26.2	1.53
	(ii)a)Cost of hedging resere			(1.37)		(4.33)	(4.5)
	(ii)b)Income tax onitem (ii)(a) above			0.34		1.09	1.14
1 1	Total Other Comprehensive Income/(loss) fr the period	(15.58)	(169.70)	(88.6)	(195.58)	(78.50)	(8.16)
12	Total Comprehensive Income fr the period	42.33	192.96	191.22	1021.99	676.41	1259.91
13	Paid up equity share capital (Rs.10 each fuly paid up)	296.2	296.2	296.2	296.2	296.2	296.42
14	Other equity excuding revaluaton resere	12177.62	1136.56	10792.33	1217.62	10792.33	11271.21
15	Net Worh*	12474.04	12032.98	1188.75	12474.04	1188.75	11567.63
16	Capital Redemption Resere	1.8	1.8	1.8	10.8	10.8	10.8
17	BasicEPS frtheperiod (not annualised)	15.45	12.23	9.4	41.08	25.47	42.78
18	DilutedEPS fr the period (not annualised)	15.5	12.23	9.	41.08	25.7	42.78

Net Worth= Paid up share capital (excluding forfeited shares)+ Other equity

==> picture [82 x 82] intentionally omitted <==

==> picture [115 x 82] intentionally omitted <==

SRF - General {Restricted use] - This mar, document can be used by recipients for its intended purpose only

v_J SF¢

SRF LIMITED

Registered Office:The Galleria, DLF Mayur Vihar, Unit No. 236 & 237, Second Floor, Mayur Vihar Place, Naida Link Road, Mayur Vihar Phase I Extn, Delhi - 11009 1 Tel. No (Regd office) : ( +91-11 ) 49482870 Fax : (+9 1 -11) 49482900

E-mail: info@srf.comWebsite:w .srf.com CIN - L18101DL 1970PLC005197

STATEMENT OF STANDALONE UNAUDITED SEGMENT INFORMATION FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2025

						(Rs. in Crores)
			Standalone
		Quarer Ended		Nine Months	Ended	Year Ended
Pariculars	31-Dec-25	30-ep-25	31-Dec-24	31-Dec-25	31-Dec-24	31-Mar25
	(1)	(2)	(3)	(4)	(5)	(6)
	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
Segment Revenue
a) Technical Texiles Business (TTB)	453.58	474.34	509.79	1394.7	1570.61	2029.05
b) Chemicals Business (CB)	1861.25	1677.57	150505	5371.35	4317.67	6649.59
c) Perormance Films and Foil business (PFB)	544.99	610.22	645.68	1801.38	1981.15	2599.86
d)Others	91.92	90.83	101.14	277.67	340.11	427.5
Total Segment Revenue	2951.74	2852.96	2761.66	884.87	8209.5	1106.04
Less: Inter Segment Revenue	0.06		0.02	0.06	8.07	8.07
Revenue fom Operations	2951.68	2852.96	2761.6	884.81	8201.47	11697.97
Segment Results
(Profbefre interestand taxfom eachSegment)
a) Technical Texiles Business (TB)	44.80	42.16	58.78	124.7	197.55	237.51
b)Chemicals Business(CB)	549.7	475.6	363.75	1520.90	91723	1659.50
c) PerormanceFilmsand Foil business(PFB)	48.26	68.77	63.35	205.6	187.10	25.85
d)Others	16.97	7.50	15.67	37.90	56.3	68.83
Total Segment Results	659.75	593.89	501.55	1888.73	1358.31	2220.69
Less/(Add):
i) Finance Cost	48.0	52.37	7607	161.14	223.78	296.35
ii)OtherUnalocable Expenses (netofincome)	58.66	58.96	50.14	159.35	119.53	219.96
iii) Exceptional item-OnetmeImpactofNew Labour Codes(ReferNoteno.6)	7.95			72.95
Proft befre tax fr the period	479.74	482.56	375.34	1495.29	1015.00	104.38
Segment A ets
a) TechnicalTextiles Business (TB)	2135.05	2118.19	2169.27	2135.05	2169.7	2210.05
b) Chemicals Business (CB)	11699.50	11453.06	10979.61	11699.50	10979.61	10858.57
c) Perormance Films and Foilbusiness (PFB)	2744.28	2647.61	2392.17	2744.28	2392.17	2374.07
d) Others	236.94	231.88	191.02	236.94	191.02	217.12
Total segment assets	16815.7	16450.74	15732.07	16815.7	15732.07	15659.81
e) Unallocable	2049.12	1837.32	2414.5	2049.12	2414.45	2370.61
Total	1886.89	18288.06	18146.52	18864.89	18146.52	18030.42
Segment Labilities
a) Technical Texiles Business (TB)	362.18	327.20	430.88	362.18	430.88	410.91
b) ChemicalsBusiness (CB)	1227.60	1 1 2 1 . 1 1	1014.19	1227.60	1014.19	1109.55
c) PerormanceFilms and Foil business (PFB)	449.37	518.34	387.03	449.37	387.03	480.95
d) Others	45.75	33.47	33.86	45.75	33.86	43.77
Total segment liabilites	2084.90	2000.12	1865.96	2084.90	1865.96	2045.18
e)Unalocable	4304.93	4253.94	5190.79	4304.93	5190.79	416.59
Total	6389.83	625.06	7056.75	6389.83	7056.75	6461.7

==> picture [81 x 83] intentionally omitted <==

==> picture [147 x 82] intentionally omitted <==

SRF - General [Restricted use] - This mai, ocument can be used by recipients for its intended purpose oniy

:0 SSE

SRF LIMITED

Registered Office:The Galleria, DLF Mayur Vihar, Unit No. 236 & 237, Second Floor, Mayur Vihar Place, Neida Link Road, Mayur Vihar Phase I Extn, Delhi- 110091 Tel. No (Regd office) : (+91-11) 49482870 Fax : ( + 9 1-11 ) 49482900

E-mail: info@srf.comWebsite:www.srf.com CIN - L181010L1970PLC005197

NOTES TO STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2025

• 1 The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on January 20, 2026. The review report of the Statutory Auditors is being filed with BSE Limited and National Stock Exchange of India Limited. For more details on the standalone results, visit the Investors section of our website at www.srf.com and financial results at "Corporates Announcements" section of www.nseindia.com and w .bseindia.com.

• 2 These financial results of the Company have been prepared in accordance with the Indian Accounting Standards ('Ind AS') as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India.

• 3 The listed commercial papers aggregating to Rs. 200 crores were outstanding as on December 31, 2025. The Company's commercial paper programme has been rated as CRISIL A 1 + by CRISIL and IND A 1 + by India Ratings. During the quarter and nine months ended December 31 , 2025, the Company has repaid all commercial papers due and payable on the respective due dates.

• 4 Additional disclosures as per Clause 52 (4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

							(Ratios	I percentges	I percentges	I percentges	as applicable)
						Standalone
SI No.	Pariculars	31-Dec-25 (1)		Quarer Ended 30-ep-25 (2)		31-ec-24 (3)	Nine Months 31-ec-25 (4)	Ended 31-Dec-24 (5)			Year Ended 31-Mar-25 (6)
		Unaudited		Unaudited		Unaudited	Unaudited	Unaudited			Audited
1	Debt serice coverage ratio[Earings befredeprecation.interest andtax ­		3.4		3.33	2.25	3.30			2.14	1.82
	curent tax)/(Grss interest andleasepayments+ scheduledprncpal
	repayment oflong ter debts)] - Notannualised
2	Interest serice coverageratio[(Earings before deprecation,interest andtax­		11.67		106	6.3	10.33			5.95	6.89
	curent tax)/ Grss interest andleasepayments] - Notannualsed
3	Bad debts to accounts receivablertio% (Bad debtsincludingprvisionfr		0.01%	0.01%			0.01%		0.06%		0.06%
	doubtfuldebts/Average trade receivables) - Notannualised
4	Debtors turover(Sale ofprducts/Average traderecevables) - Annualised		6.76		6.33	6.66	6.51			6.76	6.89
5	Inventorturover(Sale of prducts/Average inventor) - Annualised		5.35		5.60	5.15	5.7			5.33	6.14
6	Operatingmargin% (Earingsbefre interest and tax /Total rvenuefrm	17.89%		18.75%		16.35%	18.73%	15.10%			17.10%
	operations including other operatingincome) - Notannualised
7	Netproft margin% (Prft afer tax /Totalrevenuefom operations including	15.51%		12.71%		10.13%	1377%		9.0%		1.8%
	otheroperatingincome)-Notannnualised
8	Debt equityratio (Totaldebt incuding lease liabilities/Ttal equity)		0.25		0.25	0.38	0.25			0.38	0.29
9	Long terdebt to woringcpital[(Non curent borowings + curent maturties		1.50		1.57	2.19	1.50			2.19	1.4
	oflongterborowings+lease liabilities)/Woringcpital]
10	'otaldebts to totalassets(otaldebt incudinglease liabilities/Ttalassets)		0.16		0.17	0.23	0.16			0.23	0.19
11	Curent ratio(otal curent assets/Totalcurentlabilites)		1.34		1.37	1.29	1.34			1.9	1.2
12	Curent liabilitratio(Totalcurentliabilities/Ttallabiities)		0.61		0.58	0.58	0.61			0.58	0.56

Above ratios have been computed after consideration of exceptional item, wherever applicable.

The Board at its meeting held today has approved second interim dividend for 2025-26 of Rs.5 per fully paid up equity share of Rs.10 each, aggregating Rs. 148.21 crores.

• 6 Effective November 21 , 2025, the Government of India has consolidated multiple existing labour legislations into a unified framework comprising four labour Codes collectively referred to as the 'New Labour Codes'. Under Ind AS 19, changes to employee benefit plans arising from legislative amendments constitute a plan amendment, requiring recognition of past service cost immediately in the statement of profit and loss.

The New Labour Codes have resulted in one time increase in provision for employee benefit of the Company. The estimated incremental impact of the same amounting to Rs. 72.95 crores has been recognised and presented as 'One time impact of new Labour Codes' under 'Exceptional Item' in the Standalone Statement of profit and loss for the quarter and nine months ended December 31, 2025. The Company continues to monitor the finalisation of Central/ State Rules and any clarifications from the Government on other aspects of the New Labour Codes and would provide appropriate accounting effect in the relevant period on the basis of such developments as needed.

• 7 The Nomination and Remuneration Committee in its meeting held on November 25, 2025 approved the grant of 232,810 Employee Stock Options ('ESOPs') to eligible employees under Part A- SRF ESOS 2018 of SRF Long Term Share Based Incentive Plan (SRF L TIP) 2018. The stock options can be exercised in accordance with the terms and conditions of the respective grants.

• During the quarter ended December 31, 2025, the Company has received a favourable order from Income Tax Appellate tribunal ('ITAT') for assessment years 2011-12 and 2013­ 14. The order primarily covered taxability of income related to Carbon Emission Reduction Certificates ('CERs'). Based on the above order and favourable judicial precedents, the Company has written back tax provisions amounting to Rs. 99.12 crores in respect of above assessment years.

Considering that the in-principle matter of taxability of CERs is yet to attain a finality, the Company will continue to re-assess its uncertain tax positions, including in respect of other assessment years, and will consider their impact in the relevant period.

==> picture [81 x 83] intentionally omitted <==

==> picture [181 x 82] intentionally omitted <==

5RF .Gewrat Restrite {ct .his ma.. document cat be dby recipients + ts inter c" purpose oniy

SE

✓o

SRF LIMITED

Registered Office:The Galleria, DLF Mayur Vihar, Unit No. 236 & 237. Second Floor, Mayur Vihar Place, Naida Link Road, Mayur Vihar Phase I Extn, Delhi- 110091 Tel. No (Regd office): (+91-11) 49482870 Fax : (+91-11) 49482900

E-mail: info@srf.comWebsite:www.srf.com CIN -- L 18101 DL 1970PLC005197

NOTES TO STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2025

9 Limited Review :

The Limited Review, as required under Regulation 33 and Regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021 as amended has been completed by the Statutory Auditors.

Place : Gurugram Date : January 20, 2026

==> picture [84 x 56] intentionally omitted <==

----- Start of picture text -----

For and o behalf of the Board
Chairman and Managing Director
----- End of picture text -----

==> picture [81 x 82] intentionally omitted <==

==> picture [164 x 101] intentionally omitted <==

SR -Ge «rat Restricted sect -This an document can ne ey pents ts « ±t e e purpose ny

Building No. 10, 12th Floor, Tower-C DLF Cyber City, Phase - II Gurugram - 122 002, India Tel: +91 124 7 1 9 1000 F a x : + 9 1 1 2 4 2 3 5 8 6 1 3

B S R & Co. LLP

Chartered Accountants

Limited Review Report on unaudited consolidated financial results of SRF Limited for the quarter ended 31 December 2025 and year to date results for the period from 01 April 2025 to 31 December 2025 pursuant to Regulation 33 and Regulation 52(4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/ HS/P/CIR/2021/613 dated IO August 2021, as amended

To the Board of Directors of SRF Limited

• 1 . We have reviewed the accompanying Statement of unaudited consolidated financial results of SRF Limited (hereinafter referred to as "the Parent"), and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") for the quarter ended 3 1 December 2025 and year to date results for the period from O 1 April 2025 to 3 1 December 2025 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 and Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"), as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated 10 August 2021, as amended.

• 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 Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34), prescribed under Section 1 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52(4) of the Listing Regulations, as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated 10 August 2021, as amended. Our responsibility is to express a conclusion on the Statement based on our review.

• We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

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

1. The Statement includes the results of the following entities:

Parent: SRF Limited

Subsidiaries:

a. SRF Global BY

:z7

Registered Office:

14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of 3

Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013

B S R & Co. LLP

Limited Review Report (Continued) SRF Limited

Subsidiaries ( continued):

• c. SRF Industries (Thailand) Limited

• d. SRF lndustex Belting (Pty) Limited

• e. SRF Europe Kft

• f. SRF Holiday Home Limited

• g. SRF Altech Limited

• h. SRF Middle East LLC

• i. SRF Employees Welfare Trust (controlled trust)

• Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, 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 Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52(4) of the Listing Regulations, as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated 10 August 2021, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

• We did not review the interim financial information of three Subsidiaries included in the Statement, whose interim financial information reflects total revenues (before consolidation adjustments) of Rs. 734.90 crores and Rs. 2,180.79 crores, total net profit after tax (before consolidation adjustments) of Rs. 22.96 crores and Rs. 75.40 crores and total comprehensive income (before consolidation adjustments) of Rs. 22.73 crores and Rs. 75.80 crores, for the quarter ended 3 1 December 2025 and for the period from O 1 April 2025 to 3 1 December 2025 respectively, as considered in the Statement. These interim financial information have been reviewed by other auditors whose reports have been furnished to us by the Parent's management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above.

All of these subsidiaries are located outside India whose interim financial information have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been reviewed by other auditors under generally accepted auditing standards applicable in their respective countries. The Parent's management has converted the interim financial information of such subsidiaries located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Parent's management. Our conclusion in so far as it relates to the balances and affairs of such subsidiaries located outside India is based on the reports of other auditors and the conversion adjustments prepared by the management of the Parent and reviewed by us. Our conclusion is not modified in respect of this matter. r

Page 2 of 3

8 S R & Co. LLP

Limited Review Report (Continued)

SRF Limited

1. The Statement includes the interim financial information of four Subsidiaries which have not been reviewed, whose interim financial information reflects total revenues (before consolidation adjustments) of Rs. 54.56 crores and Rs. 156.32 crores, total net profit after tax (before consolidation adjustments) of Rs. 3.22 crores and Rs. 13.04 crores and total comprehensive income (before consolidation adjustments) of Rs. 3.22 crores and Rs. 13.04 crores, for the quarter ended 3 1 December 2025 and for the period from 01 April 2025 to 3 1 December 2025 respectively, as considered in the Statement. According to the information and explanations given to us by the Parent's management, these interim financial information are not material to the Group.

Our conclusion is not modified in respect of this matter.

For B S R & Co. LLP Chartered Accountants

Finn's Registrat�8rl •

Ashish Bansal

Partner

Gurugram

20 January 2026

Membership No.: 077569 UDIN: 26077569VWEGQG3732

Page 3 of 3

�o SFE

SRF LIMITED

CONSOLIDATED FINANCIAL RESULTS

FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2025

SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.

✓,O SSE

Registered Office: The Galleria, DLF Mayur Vihar, Unit No. 236 & 237, Second Floor, Mayur Vihar Place,

SRF LIMITED

Noida Link Road, Mayur Vihar Phase I Extn, Delhi - 11 009 1

Tel No (Regd office) : ( + 9 1 - 1 1 ) 49482870 F a x : ( + 9 1 - 1 1 ) 49482900

E-mail: info@srf.comWebsite:www.srf.com CIN - Ll8101DL1970PL C 0051 9 7

STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2025

(Rs. in Crores, except per share data)

				Consolidated	Consolidated
			Quarer Ended		Nine Months Ended			Year Ended
S.No.	Pariculars	31-Dec-25 (1)	30-Sep-25 (2)	31-Dec-24 (3)	31-Dec-25 (4)		31-Dec-24 (5)	31-Mar-25 (6)
		Unaudited	Unaudited	Unaudited	Unaudited		Unaudited	Audited
	Revenue frm operations
1	a) Sale of products	3611.50	3534.6	3406.69	10884.54		10142.98	14358.15
	b) Otheroperatng revenues	101.03	105.73	84.62		286.80	236.75	334.92
	Total Revenue from operations	3712.53	3640.19	3491.31	1111.34		10379.73	14693.07
2	Other income	27.33	25.71	39.64		82.16	98.23	132.72
3	Total Income	3739.86	3665.90	3,530.95	11253.50		1047.96	14825.79
4	Expenses
	a) Cost of materials consumed	1889.91	1925.09	1868.97		5746.22	5579.34	7574.20
	b) Purchases of stock-in-trade	80.08	96.02	19.56		217.10	93.63	124.86
	c) Changes ininventories of fnished goods, work-in-prgress and stock in trade	(134.37)	(252.12)	(82.92)		(448.01)	(206.25)	0.10
	d) Employee benefs expense	280.84	277.14	260.75		835.24	766.32	1042.47
	e) Finance costs	65.50	70.68	96.25		216.08	286.57	375.96
	fDepreciation and amorisaton expense	216.89	212.13	194.26		632.26	576.35	71.50
	g) Power and fuel	325.78	342.06	331.09	1,030.57		101.89	1351.87
	h) Exchange currency fuctuation (gain) / loss	40.20	30.63	34.22		62.14	74.05	1 1 9.1 7
	i) Other expenses	450.12	447.22	440.07	1,344.12		1,293.72	161.96
	Total expenses	3214.95	3148.85	3162.25		9635.72	9481.62	13122.09
5	Prof before exceptional items	524.91	517.05	368.70		1617.78	996.34	1703.70
6	Exceptional item - One time Impact of New Labour Codes (Refer Note no.6)	73.24				73.24	-
7	Prof before tx for the period	451.67	51.05	368.70	1,54.54		996.34	1,703.70
8	Tax expense
	- Tax expense	1 1 8.1 3	128.87	99.05		390.50	273.05	456.18
	- Tax adjustment related to earlier years (Refer Note no.8)	(99.12)		(1.43)		(99.12)	(1.43)	(3.26)
9	Net Proft afer tax for the period	432.66	388.18	271.08	1,253.16		724.72	1,250.78
10	Other Comprehensive Income
	A Items that wil not be reclassied to prf or loss
	(i) (a) Gain /(loss) on remeasurements of the defned beneft oblgaton	4.61	2.13	1.98		2.99	3.54	(0.73)
	(i) (b) Income tax on item()(a) above	(1.13)	(0.54)	(0.50)		(0.74)	(0.90)	0.07
	8Items that wi be reclassifed to prf or loss
	(i) (a) Efective porion of gain/ (loss) on hedging instrments in a cash fow hedge	(25.39)	(228.32)	(118.37)		(263.84)	(13.95)	(716)
	(i) (b) Income tax on item (i) (a) above	6.33	57.61	29.96		66.50	26.22	1.53
	(ii) (a) Cost of hedging resere			(1.37)			(4.33)	(4.54)
	(ii) (b) Income tax on item (ii) (a) above			0.34			1.09	1.1 4
	(i) Exchange diferences on translaton of foreign operations	63.48	61.00	(64.5)		174.20	92.88	111.07
1 1	Total Other Comprehensive Income/ (loss) for the period	47.90	(108.12)	(152.41)		(20.89)	14.55	101.38
12	Total Comprehensive Income/ (loss) for the period	480.56	280.06	118.67		1232.27	739.27	1352.16
13	Paid up equity share capital (Rs.10 each fuly paid up)	296.42	296.42	296.2		296.42	296.42	296.42
14	Other equity excluding revaluation resere	13445.44	12966.18	11820.62	13445.44		11820.62	12328.76
15	Net Worh*	13741.86	13262.60	1211.04	13741.86		1211704	12625.18
16	Capital Redempton Resere	10.48	10.48	10.48		10.48	1.8	10.48
17	Basic EPS forthe period (not annualised)	14.60	13.10	9.15		42.28	24.45	42.20
18	Diluted EPS for the period (not annualised)	14.60	13.10	9.15		42.28	24.5	42.20

Net worth= Paid up share capital (excluding forfeited shares)+ Other equity

==> picture [81 x 82] intentionally omitted <==

==> picture [172 x 81] intentionally omitted <==

SRF . General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.

vO SF

SRF LIMITED

Registered Office: The Galleria, DLF Mayur Vihar, Unit No. 236 & 237, Second Floor, Mayur Vihar Place, Noida Link Road, Mayur Vihar Phase I Extn, Delhi - 110091

Tel. No (Regd office): (+91-11) 49482870 Fax : (+ 91-11) 49482900

E-mail: info@srf.comWebsite:www.srf.com CIN -L18101DL1970PLC005197

STATEMENT OF CONSOLIDATED UNAUDITED SEGMENT INFORMATION FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2025

						(Rs. in Crores)	(Rs. in Crores)
				Consolidated
			Quarer Ended		Nine Months Ended		Year Ended
	Pariculars	31-Dec-25 (1)	30-Sep-25 (2)	31-Dec-24 (3)	31-Dec-25 (4)	31-Dec-24 (5)	31-Mar-25 (6)
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
Segment Revenue
a) Technical Textiles Business (TTB)		453.58	474.34	509.79	1394.7	1570.61	2029.05
b) Chemicals Business (CB)		1824.81	1666.88	1495.65	5330.64	4335.	6690.75
c) Perormance Films&FoilBusness (PFB)		1342.28	1408.14	1384.75	4168.62	4141.64	5553.80
d) Others		91.92	90.83	1 0 1.1 4	27.67	340.11	427.54
Total Segment Revenue		3712.59	3640.19	3491.33	11171.40	10387.80	14701.14
Less: Inter Segment Revenue		0.06	-	0.02	0.06	8.07	8.07
Revenue from Operations		3712.53	3640.19	3491.31	1111.34	10379.73	14693.07
Segment Results
(Proft before Interest and Tax	frm each Segment)
a) Technical Texiles Business (TTB)		44.94	42.30	58.91	124.88	197.95	238.05
b) Chemicals Business (CB)		495.99	481.31	363.76	1480.22	916.31	1664.80
c) Perormance Films&Foil Business (PFB)		94.79	118.95	90.35	353.94	259.91	364.53
d) Others		16.97	7.50	15.67	37.90	56.3	68.83
Total Segment Result		652.69	650.06	528.69	1996.94	1430.60	2336.21
Less/(Add):
i) Finance Costs		65.50	70.68	96.25	216.08	286.57	375.96
ii) Other Unalocable Expenses (net of income)		62.28	62.33	63.74	163.08	147.69	256.55
iii) Excptional item -One tme Impact of New Labour Codes (Refer Note no.6)		73.24	-	-	73.24	-	-
Proft before tx for the period		451.67	517.05	368.70	154.5	996.34	1703.70
Segment Assets
a) Technical Texiles Business (TTB)		2124.8	2107.8	2158.16	2124.48	2158.16	2199.07
b) Chemicls Business (CB)		11746.1	1150726	11 9.87	11746.1	11009.87	10875.20
c) Perormance Films&Foil Business (PFB)		7463.09	7 8.99	6635.34	7463.09	6635.34	6645.73
d) Others		236.94	231.88	191.02	236.94	191.02	217.12
Total segment asset		21570.92	21075.61	19994.39	21570.92	19994.39	19937.12
e) Unaocble		1355.42	1185.84	1391.86	1355.2	1391.86	162000
Total		22926.34	22261.45	21386.25	22926.34	21386.25	21557.12
Segment Labities
a) Technical Texiles Business (TB)		362.18	327.20	430.88	362.18	430.88	410.91
b) Chemicls Business (CB)		1248.3	1143.9	1023.50	1248.3	1023.50	1114.53
c) Perormance Films&Foil Business (PFB)		1575.0	1631.7	1262.47	1575.0	1262.47	1494.26
d) Others		45.75	33.7	33.86	45.75	33.86	43.7
Total segment labites		3231.76	3135.63	2750.71	3231.76	2750.71	3063.47
e) Unalocble		5951.70	5862.20	6517.8	5951.70	6517.8	5867.5
Total		9183.46	8997.83	9268.19	9183.46	9268.19	8930.92

==> picture [81 x 82] intentionally omitted <==

----- Start of picture text -----

G
,:t:�1-:�� -
----- End of picture text -----

==> picture [166 x 81] intentionally omitted <==

SRF. General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.

==> picture [44 x 24] intentionally omitted <==

----- Start of picture text -----

.;Q
SSFF
----- End of picture text -----

SRF LIMITED

Registered Office: The Galleria, DLF Mayur Vihar, Unit No. 236 & 237, Second Floor, Mayur Vihar Place, Noida Link Road, Mayur Vihar Phase I Extn, Delhi - I 10091

Tel No (Regd office): ( + 9 1-11) 49482870 F a x : ( + 9 1 - 1 1 ) 49482900

• E-mail: info@srf.com Website: www.srf.com CIN - L18101DL1 970PLC005197

NOTES TO CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED

DECEMBER 31, 2025

The above results of SRF Limited (the Company) and its subsidiaries (Company and its subsidiaries together referred to as "the Group") were reviewed by the Audit Committee and has been approved by the Board of Directors at its meeting held on January 20, 2026. Following entities are subsidiaries of the Company:

• i. SRF Holiday Home Limited

• ii. SRF Altech Limited

• iii. SRF Employees Welfare Trust ( Controlled Trust)

• iv. SRF Global BV

• v. SRF Europe Kft

• vi. SRF Industries (Thailand) Limited

• vii. SRF Middle East LLC

• viii. SRF Flexipak (South Africa) (Pty) Limited

• ix. SRF Industex Belting (Pty) Limited

The Limited review report of the Statutory Auditors is being filed with BSE Limited and National Stock Exchange of India Limited. For more details on the consolidated results, visit the Investors section of our website at www.srf.com and financial results at "Corporate Announcements" section of www.nseindia.com and www.bseindia.com.

• These financial results of the Group have been prepared in accordance with the Indian Accounting Standards ('Ind AS') as prescribed under Section 133 of the Companies Act, 20 1 3 read with relevant rules issued thereunder and other accounting principles generally accepted in India.

The listed commercial papers aggregating to Rs. 200 crores were outstanding as on December 31, 2025. The Group's commercial paper programme has been rated as CRIS IL A I+ by CRIS IL and IND A I+ by India Ratings. During the quarter and nine months ended December 31, 2025, the Group has repaid a commercial papers due and payable on the respective due dates.

Additional disclosures as per Clause 52 ( 4) of Securities and Exchange Board oflndia (Listing Obligations and Disclosure Requirements) Regulations, 201 5 :

					(Ratos/ percentages	(Ratos/ percentages	as applcable)
				Consolidated
			Quarer Ended		Nine Months	Ended	Year Ended
S No.	Parcular	31-Dec-25	30-Sep-25	31-Dec-24	31-Dec-25	31-Dec-24	31-Mar-25
		(I)	(2)	(3)	(4)	(5)	(6)
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
I	Debtserce coverage ratio ((Eaings befre depreciation,interest ad	2.16	2.77	181	2.47	180	157
	ta - curent Ta)/(Grss Iterestad leae payments+scheduled
	prncipa repayment of long ter dets)} -Not auaised
2	Iterest serce coverge rtio ( (Eaings befre depreciation, interest	9.60	8.99	5.69	9 02	5.26	6.14
	ad ta-curentta)IGrss interest ad leae payments)} -Not
	auaised
3	Baddebts to accouts receivable rato% (Bad debtsincuding prvision	001%	0.004%		0.02%	0.05%	0.08%
	fr doubtul debts/Average tradereceivables) - Not auaised
4	Debtortrover (Sae ofproducts/Averagetade receivables)­	6.86	652	6.77	6.69	6.88	6.98
	Auaised
5	Iventor trover (Sae of prducts/Average Iventor) - Auaised	5.1 1	5.46	5.15	5.51	5.44	6.14
6	Operatng magin% (Eaings befre interest ad ta/Tota revenue	13.93%	16.15%	13.32%	15.76%	12.36%	14.15%
	fom opertions incudingoter opertngincome) -Not auaised
7	Netprft magin% (Prftaer ta/Tota revenuefom operatons	1165%	10.66%	7.76%	112%	6.98%	8.51%
	incudng oter operatngincome)-Notauaised
8	Debt equitratio (Tota debt incudingleaelailities/Tota equit)	0.34	0.35	0.5	0.34	0.5	0.37
9	Long termdebt toworking capita	4.04	4.78	771	4 04	7.71	4 .1 1
	{(Noncurrent borowngs+cuent matrtof longter borowngs+
	leae liabilities)/Working capita}
10	Tota debts to Totaasets	0.2	0.21	0.25	0.20	0.25	0.22
	(Totadebt incuding leaeliabilte/Totaasets)
I I	Curent rtio (Tota curent a ets/Tota currentliabilties)	1.1 2	I I I	108	1.1 2	108	I13
12	Curentlailit Ratio (Tota curentlabiltes/Totalabilities)	062	062	0.61	0.62	0.61	0.61

Above ratios have been computed after consideration of exceptional item, wherever applicable.

==> picture [81 x 82] intentionally omitted <==

==> picture [166 x 81] intentionally omitted <==

==> picture [9 x 7] intentionally omitted <==

----- Start of picture text -----

I
,
----- End of picture text -----

$RF. General [Restricted use] • This mad, document can be used by recipients for its intended purpose only

==> picture [48 x 24] intentionally omitted <==

----- Start of picture text -----

✓o
SSFF
----- End of picture text -----

SRF LIMITED

Registered Office: The Galleria, DLF Mayur Vihar, Unit No. 236 & 237, Second Floor, Mayur Vihar Place, Noida Link Road, Mayur Vihar Phase I Extn. Delhi - 110091

Tel. No (Regd office): ( + 91 - 11) 49482870 Fax : ( + 91-11) 49482900

E-mail: info@srf.comWebsite:www.srf.com CI N- Ll8101DLl970PLC005197

NOTES TO CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2025

• The Board at its meeting held today has approved second interim dividend for 2025-26 of Rs. 5.00 per fully paid up equity share of Rs. IO each, aggregating Rs. 148.21 crores.

• Effective November 21 , 2025, the Government of India has consolidated multiple existing labour legislations into a unified framework comprising four labour Codes collectively referred to as the 'New Labour Codes'. Under Ind AS 19, changes to employee benefit plans arising from legislative amendments constitute a plan amendment, requiring recognition of past service cost immediately in the statement of profit and loss.

• The New Labour Codes have resulted in one time increase in provision for employee benefit of the Group. The estimated incremental impact of the same amounting to Rs. 73.24 crores has been recognised and presented as 'One time impact of new Labour Codes' under 'Exceptional Item' in the consolidated Statement of profit and loss for the quarter and nine months ended December 31 , 2025. The Group continues to monitor the finalisation of Central / State Rules and any clarifications from the Government on other aspects of the New Labour Codes and would provide appropriate accounting effect in the relevant period on the basis of such developments as needed.

• The Nomination and Remuneration Committee in its meeting held on November 25, 2025 approved the grant of 232,810 Employee Stock Options ('ESOPs') to eligible employees under Part A- SRF ESOS 2018 of SRF Long Term Share Based Incentive Plan (SRF L TIP) 2018. The stock options can be exercised in accordance with the terms and conditions of the respective grants.

• During the quarter ended December 3 1 , 2025, the Company has received a favourable order from Income Tax Appellate tribunal ('ITAT') for assessment years 2011-12 and 2013-14. The order primarily covered taxability of income related to Carbon Emission Reduction Certificates ('CERs'). Based on the above order and favourable judicial precedents, the Company has written back tax provisions amounting to Rs. 99.12 crores in respect of above assessment years.

• Considering that the in-principle matter of taxability of CERs is yet to attain a finality, the Company will continue to re-assess its uncertain tax positions, including in respect of other assessment years, and will consider their impact in the relevant period.

Limited Review :

• The Limited Review, as required under Regulation 33 and Regulation 52(4) ofSEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021 as amended has been completed by the Statutory Auditors.

Place : Gurugram Date : January 20, 2026

==> picture [123 x 71] intentionally omitted <==

----- Start of picture text -----

For d on behalf of the Board
Ashish Bharat Ram
Chairman and Managing Director
----- End of picture text -----

==> picture [81 x 82] intentionally omitted <==

==> picture [117 x 107] intentionally omitted <==

5Rf . General [Restricted use] - This mal, document can be used by recipients for its intended purpose only.