Interim report
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January 29, 2026 To, BSE Limited Dept. DSC_CRD Phiroze Jeejeebhoy Towers, Dalal Street Mumbai 400 001 BSE Scrip Code: 506222 National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, ‘G’ Block, Bandra- Kurla Complex, Bandra (‘E’), Mumbai 400 051 NSE Symbol: STYRENIX Subject: Outcome of Board Meeting held on January 29, 2026 Dear Sir, In continuation to our intimation dated January 22, 2026 and in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations ’), we wish to inform you that at the meeting of the Board of Directors of the Company held today i.e. on January 29, 2026, inter alia, the following matters was considered: 1. Approval of the unaudited standalone and consolidated financial results for the third quarter and 9 months ended on December 31, 2025 along with a Limited Review Report from the Auditors for the third quarter and 9 months ended on December 31, 2025 , in terms of Regulation 33 of the Listing Regulations. A copy of the unaudited standalone and consolidated financial results, along with the limited review report is enclosed. 2. Declaration of 2 nd Interim Dividend for F.Y. 2025 -26 of Rs. 23 (i.e. 230 %) per equity shares of Rs. 10 each. As informed vide our letter dated January 22, 2026, the Record Date for the purpose of determining the members eligible to receive the 2 nd Interim Dividend for F.Y. 2025 -26, has been fixed as Thursday, February 05, 2026. 3. Re-appointment of Mr. K. Ravishankar as Whole-time Director (KMP) of the company. Pursuant to the recommendation and approval by the Nomination and Remuneration Committee and Board of Director, the re-appointment of Mr. K. Ravishankar (DIN: 06458292) as Whole-time Director (KMP) of the company for a period of 2 years w.e.f. April 01, 20 26 to March 31, 2028, subject to the approval of the shareholders of the company. The Details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 is enclosed as Annexure - A. The Board meeting commenced at 12.03 hours (IST) and concluded at 13:10 hours (IST). You are requested to kindly take the same on your records. Thanking you. For Styrenix Performance Materials Limited Chintan Doshi Manager Legal & Company Secretary Encl.: As above
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Siyrenp( e,—,€ 564lF*4le 0.0e(44!o. 360426.0e,e0. StyrepiiFlrfo,oiiFiveatenaI5Limited 6p56el•86ld4u.ee4io.dFi..i.I5l6F0hQee0..dp.ded64dd21. INRIs ForthIO5906r60d,dForth,P,I©d60484VOlPhIY.,r 60484 PCF54CIIIDl..31142556p630.2025DII34.1014DIs.21201501.2024Me,71.2426- :-(UOlSdIled)0085541164](28.541644)[0455111641W0a.’4j1640]6641t4d1 F7©08047.62615I.89I2.21.744.30 20V.ritC.t1,I6.212.26:1.374.360.641078 3T04IIsoors.II•l646.5567.46662.161969.202.052.351.155.(6 4FeptS6S CostrostloelI50472.73433.00556.68I.455.0I.619.191.176.32 Cher8esisitsstli,ltor!,!jsh44s0o4oo08ook.jt.oo06oeo616.252200(20.50)4073(76.66)(11504) &tpIeylo567441656658056‘5.6519.1117.8454.9751.5070.21 07httl,4,106560.16606767.7509165167.7726679 •TOlI60068060(4]553.11SILtS616.151.744:s7.776.571.26626 5 PF&II196F506D6p66CI6lI0F0.I0t.r6lI6i0760665660.75.7461.7875.41243.83272.76155.60 %081o6C0oto0.061741.114252.56 75607:Frothb,f&r.D.p7..iItIOt1tdT1594F11156(6.6]74.6660.0274.30136.36270.20152.17 8D6F(8oI5L1570500I3st60156580081.87II0310.01343229.2635.30 9Pr&lItbf©r•so.plitsel1167416641674]62.1166.3684.26205.09240.64113.67 It.E606r0150511t6t1$)R€467N5t64).—3.10 .:. 11Pr&lItblf©76t86(6.10]86.7166.3664.29101.66240.94112.67 II.T5,6856506 C50000LtlC.0660190416.79540063.2164.72 :06161160lee055096I(stIoji)—01.20)(363)(0.20)(264)(1.27)(2.62) 10061II.83l66(01)13.4117.6666.0991.9961.9465.60 13:fr!F6.lh6r!7v02tUI-Il)44.35502647.10141St176.00232.17 IIOth€st©rtpr.h600Iss060008 Il.e,sthIcstilltotboresIS.sIfI6dCOpeoficOrlossI IR57181$8116700dIlitso6806815:550-iL5051IGeit(010)(3I00.08)8347)(0.28)(0.620 .!8O84ls,(8I5II05l0(h7165eot6!72,450060566SetehtpISs,0.040.04:0.020.010.070.16 7014161687€ltIp,8h.lI0I081565516.0865!0500(11](0.12)(0IIII10.0710(0.26(5.46) 16It6I55t1p{.h6,)5N6I056m6flrthl5,046417,67(13+14.44.1660.6047.67140.62176.79231.71 IIP64-op8q17)0h6t6OspitsI07.5917.3517.6817.5917.59 (FOCIcOld06840h0t8INS101 — 17?il!.!6Y020.20700.19023.15 16E,roI,5sp66shIll .NOrtIOSI54648p50Iqolly0507841N14lO&sd, Osslo5tdOII9F6d(INR20.1926.6827.1260.26101.76122.02 6l0[ItI58 0111010(052474 95I’6’55d0 0005174t4.d6506loI5060.0605742. o8—7st2.00746.17066 186500204—2223221:00 8lOs:$8:.0(800500 74450O*74 — 6sII0e8586 601051560004:1551655104 010:3530074•.0?]63033531 55IO5 05\0000O•l55l(CISC.0155660!. OOs,s.O—280023.00IO,0I.I!!ti. 7818.08! I0.0$58$!5505!40 0000510.746.Iyss:.000 . .WsDGD’ .. —.
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SIyrenV SryreriixPerformanceMaterlIsLimited ginFleta.‘Sbina’, Su,abhaiGmpre.DcVko,0,Seo,bhaiMa,g.‘/adia,adi. ‘/adodala—300023.Gaia,ai.India Netes: I.TheabovestandalonestatementswerereviewedbytheAuditCommitteeandapprovedbytheBoardofDirectorsofthe CompanyattheirrespectivemeetingsheldonJanuary26,2026.Thestatutoryauditorhaveexpressedunmodifiedconclusionon theaforesaidresults. 2.TheConipanyoperatesin*EngineeringPolymerCwhichinthecontextofINDAS108aperatingsegnientsconstitutesasingle reportablebusinesssegment. S.ThefinancialresultsoftheCompanyhavebeenpreparedinaccordancewithIndianAccounting(‘mdASnotifiedunder Section133OftheCompaniesAct2013çAcC)readwithCompanies(IndianAccountingStandards)Rules,2015,asamended. 4.OnNovember21,2025,theGovernment01IndianotifiednewLabourCodes.TheCompanyisintheprocessofevaluatingthe fullimpactoftheseLabourCodes.TheCompanyhasestimatedandaccountedforincrementalliabilityonthebasisofthebest informationcurrentlyavailable,consistentwiththeguidnanceprovidedbytheInstituteofCharteredAccountantsofIndia.The incrementalimpactonthestandalonefinancialresultconsistotgratuityliabilityamountingtoINR2.24Croresandcompensation towardsleaveencashmentINR0.88Crorearisesprimarilyduetochangein‘wage’definitionTheCompanycontinuesto monitorthefinalisationofcentrallstateRulesandclarificationfromtheGovermentrelatedtoprovisionofthenewLabourCodes andwouldprovideappropriateaccountingeffectonthebasisofsuchdevelopments,asmaybeapplicabletotheCompany.The samehasbeendisclosedasanExceptionalItemintheUnauditedFinancialResults. ForStyrenIPertornianCeMaterIalsLImlied PlaceVadodara Date.January29,2028 RakeshSAgrawat Chairman DIN:00057955 HeedOlfice: Sty0,1)1Pcrtorr1)a1)CeMateraIsLIneed GINL252000J1923PLC00243% ginFlow,shivs. Sbhai(10!OI€01.VIko,n,SwehhajMn,g.Va[I Vadodara—300023.Gu1alat.India Tale:*01265-230320102 FMailaerao,sty,eoincon, Wybnjicofto.aLy!enjs.ca!iI RoolateredOffice: StywoIsFedOom0[MSMaledaisLIouted GIN.L25200GJ1073PL0002435 9thFloor,‘Shivr. SawbhnjCoo,p1ea.ncVikoen,SawbhojMeg.Veouwadi. vaewJara—390D13.Guialet.India Tale:‘91265-230320))02 CMailserobnreolyoeo!tr000a bvebs,Lnaeanalywona.c0000
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talati L talati Up IN LimtedRcviewReporronuntudited%taI1dIoIiefinancialrcsuLtsofSrvreni PcrformnnceP.IMriahLimitd(tiethequ;irtcrtrnlcd3’Occvinbr2(125adyeara datertsullsor11wpcriod(ron,01April1(125to31Drecrnber2!fl5pnruant0 Resulailon33ofInSF-RIlistingOblisaonsandDisclosureRvi]’.iren,enls) Regt,lation.2015.a’.mcndcd. Rc’jewRcportta BoardofDirectorsof StyrenixPerFormnccMatcrjlsjimted ‘adodara. :acxv;rdrvI-.;i-iu—;::e:rerir.:-r-_rklv:i:cdS:aada:ic Rcs-1:sclMS(.ici7eoiixcea:rEasLi:jhdCwi-r.r’’ic qtr-rere:-4edIix,rr2$a:j-tuet,x-Ip,i2:50 Oeceiiiber::c5(louSiatejc’usttLrleol1c,evpLj1_beingstibn,iiledLWthe (opiip:ii,vpLji•sui,iin‘hOrcqtijIc_i,ic]1LsofRegulalion33oftheSFLl(LiSting Obligatiojisand]),scl[!sLircRcqijircnicnts)Regulations.2111Sasamundudttht !!j_LctLi]gReuL,I,rLloli’.I. 2)TheStatement‘]iichistherespotisihi]ilyolthecnmpallvsi]ifl,iaL-,]enlarid approvedbtheBoardorDireclonuhasbeenpreparedinaccordanecwith recognitionandnicaci’rtn,enlprincipleslaiddowninIndianAeeountii.Standard34 (md—AS34)lijlcrin,FinancialReponinWasprescribedtinde,-Seclco’,133of Conipanics.Act.2013readwithrelevantrulesLssued(heremdciandother aiccL)ulltingp]-incipICsgetiet-aLlyacceptediiiIndiaandincnhilpliat]cewithRegulation 33oflieSecuritiesandExchangeBoard01India.Ourresponsibilityistoisstiea ]-eportontheStatenionLbased{)nourreview. 3)Weconductedouri•cvicwoftheStatementHiaccordancewithheSt:iitdaidon ReviewEngageniei’t(SRE)2410,ReviewofInterimFinaitcialirirhntiation perlotiiied[ay[1KtmidcpcrtdcnEAuditorofheEntityissuedbyLieInstirtileof CharteredAcvc,tirit;,’itotli,ji;i.ThisstandardrequilesthatwepLanandpcr[,rIii[he reviewtoohtu’n‘ilotlerdlenst’inhiceastowhetherthestatementi(i•eeroil)narejial ,riisoLLite,,,ci,I.Areviewofiiitei-i,IttL[ia,icialinmorinatumc,’,isistso[inakirijiiiqt’irics. prirnariLorpersoiircspriiNihlcorinnieialandacc’,titi(ingciiar.ters.‘‘‘iL.ipplyirg anaLyticaLacid,:‘clicrrcv,errocccL,irc.Areviewissubsta’iriaLlvLessiiicur1etItan a;)a:::c,,dt.c:edSiarna,th.r.;cp::;iu&pI;euaIerec’’. 4;,-i,,Crp-ilx:cs:rr.2<3nde?:i1crni’c,’wieah.cus IrrXeIIac\sCuefl:rarr-Iri:•-Ic’sl:t:,ul: :dea:.iied.:‘.fl:a..Ji:‘or,:_H’ul’.etvi,.c;:rsal:a::r.tco.i:.o iihFcx.73EastAva-i.€.SaratqaCa,twjsBtA0YS.N.Ge*aaCdo; ce0265-2355053:73992483SS3E-’raar,caOiaa:artaaticonwe- oat:AHMEDABAD079)27147172•SJ.AT02,2201236•MUYSAI(O2221 UE.kI - (‘1t4Ie2’9•KCC*—SI9O95h279O
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4)Basedonourilee‘‘ducteciantiproceduresperformedasstatedinparagraph3 above.rW]tliiiigInnconictoouratle’it,oi’oftheresultsthatcausesustobelievethat theace’MnpaliviILgSt.9kItieilt.preparedinaccordancewiththerecognitionand illeasurenientprincipleslaiddowninthea[,resaidIndianAccountingStandardUInd AS)spedfLedunderScctio,i‘33oftheConipanies.4ct.2013asamended,readwith relevantrtilcsisst,cdthereL,ndcrandotheraccountingprinciplesgenerallyaccepted in[ndia.hasInnd’scltiedthein[hrrnationrequiredtohedisc]osedintertlisof regulation131lieSI[U(LiscingObhgationandDisclosw-eRequirements) Rcculatio’’.2(15:15LItICFIded.includinghemannerinwhichitistobedisclosed,or thatitCOIITnLII5alLriLarorLalIiIiSStflWLIicLIt. For1nIati&TaLt(iI.E.1’ Chartered.cvountnC (‘RNN*i}10758W1W10(1377 CAHc(angP:tndya Partner M.No.I58391 Phice:‘a(lodara Date21111IanuaI-102o [iOIt ac2f2
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•Styrenjx’ 05l50. 000650.00560006O%4. 5006554_]5052].514.1140 Srn.,isP100M4t06ILi65itSd 10661400OF055141194160U651141164F156501416665116650606Q04016404464095746406625.2525 6od0666.: 50,5,650,057 [200215$7O. 5016100’. 565.bI•&c,s.S.651761406,66,666765. —393422.Gs5.l5516 1.,.:,]l512200O0] 550 •.555054,0 INRis002145 F55t96PSnOd66464F64Ihovs.,, 00446 _______________________ II,2525 IMo0it.4I PShO,19tO 56,605640165004,50400 2Olro‘Soot’s F0OhsQSOnsOtd.d II2025 (U14%dilsd) 567120,2525I06511.2024009.212025•01421.2024 0654usd)lus.sOiO64lW0654i664]lU’.’.dit.dl _i..6 2.661271744 2fl42.7l2.t92.42 5.6612.16 2T516I‘64(501121675.26604.65642.542.659.32.05225 466p04205 055l0005]Isli]5007&6564564.14,550.401604l.615.04l.616.l5 fl6J!_. Et’p10766b60156576046164435731754III5351.7060.02 .. 3o————1677 yt5[9.4-712.46-416.002.367.—-1.775.572.421.62 PSO1T:Po0l,tb.65t606p(sOi,Stt.ltt.,4,I,00755657604642.5266.4375.41221.70272.76262.66 6•.15056C55054611.1114.505.65’ 7PBDTpoolilb665140.7614i0615,SSOOTS,6sp6464(5.]26.70,62.0274.20216.46275.20257.02 6DN,140014454146656i14I!456514576627:5710.0163.6426.26 SP,itbsl9tss556p015t611155,0441,517416.1455.0604.25151.21240.44 IS665670i01,IlIst’s,R6(NtIsTIIto;.-210 IIF5061t65114612516.l5l9.4455.06,04.26150.21—245.64 IIT656666055 C5,934I;,]35716.0116.7525.2663.2163.33 05405502’u’o[7,OtStl(5500il((1351)(36:0(020)(17.-SAl ..T0661too45760561121[5.54]I.1016.5520.5561.64 IIP60616655669P60104’[II.12]95442.9147.70106.26175.00—233.25 14‘0•66555,0p,6hsOSios1.00 !Iooo.thscssullo,Ibs,096,.sirisd06p6660666666 Rt9,.,ttIO5l4sl0,5Jht’,,!IF!I-.0,1.iLo15llGt6003)(02:)[0.05)(0.02)(0.26] Itl]t06050tOIIsiO7[65tst,sssotottstIs01466004t4t06[p500010510.520.03 ..—....— I065tOll14111b665I505IFI5d05p02F16561056 0(5g65I)66(619065505006(6565005.6716.60-16.3. Toc.IoIh9,5smp,.h.o.i5di140od.6t,Ib,(14]6.0410.65[0.07)26.67[5.21](1.614 15TOclIOOtSp,.h055iSOitStO,.f2:thOPs,isd6Y06t112+14425.5256.7247.02126.20176.75221.74 :16slosts,ubs6shIo5:— ‘¶.L’6’...’Tt’.—..._...._...t?F_ — ‘No0,St65ttI,tq‘t19t601.——— 170*4,CotSp,40055156itoto,6,0,IblOsbIsIt; 03,06(004016000lpSovLOS16.0540.07]26.57[0.21) N00.500ItOStg,tO&601 .)...——— Toll’C5p6h655i56I060(56.OffibstsOIsto 016CP70p6:72&t27I2170.70[ N0055110119314009451.....— 75,65765574slOts75775112.55lS517.5957j9ll917.06 40306051,1461937l’316INS50) 2000401Eqsi1,255.41760.16 21 NOtO.‘SI55316psI6q0,[y11St6SIINN106520 04560000111604]!N5I — .(74L’l7005100: 100005’]400550070055640501515010704 I752s170..•56$]0l 6,00057’.•71.u,6- 01405iC0,500 0094560023.055,000.100. tOO5502[•0.2][3155102
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Styrenp( Ilflis s,,.,fl10,, •Q•,‘.-.,--,— Sr Grsh!cos,IeSa,flhj!Ma!5dadiwai. —35002.CU1IRF. 1Theas-scs:atr-a:swereefe,ecbybeAtcCc—’-:ieeannrawBa-oftetvsreS-a: --esce::e“eeset01Ja,a2c2025Ts:an:tiyatiit(aveeD’eseJs-—oed:-;.sor:rqc-esa (es_Its 2reuocows:es--ee--‘cI-—eswt,,:-e,rte‘SDS2Sear-cseg-’e-:s;ars,vesas’ae raDeb_sess 3The‘.-a’c-ejisse&-aece-otea-eaCGcWte‘MnCaAc;c-:-“CAS1cedrCrSecr 1333—eDon-oresPotfl3‘A::’:teDwrCrrescaAccO_’‘VjS:a”,a’;s,PiesZCasa’’r1. -er:a-I-ac-o-yçc’a:ecS,’&,,.P—wsCra‘z,Co!asaS:e;oo—‘,Vt,Greo3aa &SrecteoceVa45’a°ZEDoaAFDecent32taacc.,-ç-e.a-rrcetc10a’rcs- :e--sa3-:524—rrra‘,sr-:,s‘az,eeca’&c&rimsroyc&,s:eCCs,rsD-a’5 61:4macac,cecSN’er—ca‘/arais:-aar010y’a-abeC1sjatec,esjd:scilwey c;Ye-3avPeocE,eec:e32Z25-::esra’c:&es-soS25rWe5 -no-etehrca-e1415sgC::cCe:24arc:e.cce-eet&s24acr0—ca-ev1Ccl0Decfla-:re’c e,ae:e:5teskca:e,I 5.incLIrrrtrquarterOFYflO-2.IncGroup125compieertnefairaiuatIorIdiIdnCIrIedasset,an’sIIatIIICIEStarnepurpose ofpurchasepriceallocationofiswhollyownedstepdownsubsidiar9SIyreniPartorrrranceMaterials(Thailand)Ltda,required undermdAS.ThebusinessConibinatior,‘astee,,accOrdinqlyaccountedandreinstatementjadonewhereeverneces,ary 6-TheCompanyhascompletedthertlerefprocessofItswhollyownedstepdownsubsidiarie,Stweni,PerforsuanceMaterials (Thailand)LidaridStyreniPolymer)Ttiailarid)CoLtdduringthequarterAprilsiiLirleandeffectiveJun26.21)25Styeni PerformanceMaterials(Thailand)LtdsnailcontinueassureiIIngentity 7.OnNovember21.2025,theGovernmentctIndianotifiednewLabourCodes.TheGroupisintheprrtcsofevsluatinthefull impactoftheseLabourCodesTheGrouphasestinratedandaccountedfor‘ncr€mentalliabilityonhebasisofhebest informationcurrentlyavailable,consistentwiththeguidrianceproaidedbytheInstituteorCharteredAccountantsofIndiarile incrementalimpactontheconsolidatedfinancialresultconsistofqratuityliabilityernQunUntoINR224Crores(StandaloneINR 2.24Crores)andcompensationtowardsleave€i’cashmehtINR0SE3CroresiStarIcJJlorieSIRUtCrore)arisesprimarilydueto changeinwagedefinition.TheGroupcisntisiuestortioriitorIncfir,alisaiionoPcentrali,tateRulesandclarihoaliantramthe GovermenirelatedtoprovisionofthenewLabourCodesandwouldprovideappropriateaccountingeffectonthebasisofsuch developments,asmaybeapplicabletotneGroup.ThesamehasbeendisclosedasanE,ceplionalltmintheUnaudited FinancialResuits. Foratwenieperrom,anceMatedalsLImIted HesOWl05: StyronixPerformsnceMhensIsLimits GIN:L252otGJlOr3PLCOO243 tillFloar.Shin&. Sarabhaicornpiex,nr.Vjk,smS,rabhejMaroVadjadj Vaddar—Sat023.Giaral.India rele9I265.2303201102 Mail-secshsre©styreni.c0rn ‘Jetiajin‘e.5tyrairjs.Com Reriat.tduct 5tys.llaP.nerrnansrSalarialaLInilerl GINL22oog.l1973PLco0243o 9tFloor.3hlna’ Oarablia1Canwiea[JrVikrarnSarabhaiMsrgVsdiwsdi. VadUdars—350023.Gu)srat.India ret,*5r106.2303301102 MailSacslrares[yienin.com Woesits:w,iw.slyrenix.co PlaceVadodara DateJanuary29.2026 RakeshSAcrawal Chairman DIN:00057055
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lalatittahitilip IN0Cfrnttrty4-ccawit.nts LimitedReviewReportonunriuditeciconsolidatedfinancialresultsofStyreni PerformanceM3terialslimitedforthequarterended31December21)25andyearto dateresultsfortheperiodfrom01April2025to31December2025pursuantto ReguLation33oftheSlBI(ListingObligationsandDisclosureRequirements) Regulations,2015,asamended. ReviewReportto BoardofDiicetorsof StvreaixPerlorinaticeMaterialsLimited Vadiidara. I)WeliavereviewedlieaccoinpailyiligStateroomof[nauditedConsolidatedFinancial RestiItsofMis.StyrenixPeribi-nianceMatei-’als]Imutetl(‘theIbIdirigCompany”)arid itsstil,sid,ai-ies(theIloWingCompanyaridussubsidiariesItigellierrelertoas‘‘the Group”),foriliequeue,’ended31December,2025andyeariodaiefromIApril2025 tO3IihDecember.2025(“thestatement),beingsubmnitiodbyrueHoldirigCoutipany pursLianttotherequirenieniofRegti]aiioit3301’theSF131(listingObligationarid DisclosureRequirements)Regulation.20]5(“theListiiigRegulation”).asamended. 2)‘[he(‘oi,solidaiedFinancialSiatemilentwhichistheresponsibilityofilieHolding COITipartymanagementandappmvedbytheFFoldingCompany’sBoardofDirectors, hasbeenpreparedinaccordancewit],recogmiiiioiiandnieasoi-crnentprincipleslaiddown inIndianAccountingSiandard34(Ind—AS34)‘interimFinancialReroriuiig”as prescribedLLnderSection133of(‘ompaniesAct.2013i-cudwithrelevanti-alesissued therenuderamidotheraccountingprinciplesgenerallyacceptedinIndiaaridin compliancewithRegulation3%(ittheSecuritiesandlixcliarrgeBoardofIndia.Our responsihihiivistoissueareportonlieConsolidatedFinancialStnitemnentbasedonour review. 3)WecoriduciedourtviewoflieStatementinaccordancewithilie,Star,derdonReview Engagement(SItE)2410.‘ReviewifInterimFinancialurttbm’irraIiorrperformedbythe Independeni.Audiioroldielirtriiy”issuedbyInstituteofCliaered.Aeeountantsotlndia. ‘UrisstandardreqtmiitsthatweplanaridperliirmihereviewIaobtainmoderateassurance astowhetherthestatementisfi’eefronrmaterialniisstate’nentAi•eviewofinterim tinaiieialintrirmaIioirconsistsot’makinginquiries.]iriniarilvofpci-sonsresponsiblefor financialandaccountingniatiers.aridapplyinga’ralviiealaimdotherreviewpmecdares.A reviewissubsianriallylessiiiscopet]iananauditconductedinaccordancewith SlairdardsonAuditingandconsequentlydoesnotenableus10obiauitassLiraircelila]we wouldbecomeawareofallsiortitieant‘flatter-sthatmightheidentifiedinanaL,dit Accordingly,wedonotexpressanauditiipiiiion WealsoperformedproceduresinaccordancewiththecircularissLiedbyIlieSIIBIunder RegLilation33(S)ofliel.istiiigRegLilatinins.asamended,tothecxtenIapplicable. 1111-IS,11thFloor,73EastAvenue!SarabhaiCampus,BtiailalAminMaw,Nr.QendaCircle, Phone0265-2355053173,9924035053E-mailbaroda@talatiandtalatLcomWebwwwj AlsoatAHMEDABAD(079)27544571/72•SURAT(o2612361236•MUMBAL(022) DELHI;(OIl)41824199•KCCHF+919995427866
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4)Tbisstatementincludesthe‘tsultsofthefollowing5ubsidal)elitities. SrNo.NameofEittityRelationship I.StyrenixPertórtna’,ceMateria]sFZEW]iollvOwnedSLLbsidlary •2.StyrenixPolymers(T]tailandCo.LimitedW]iollyOwnedStep-down (LIpto2o.‘une,2025)‘° —Sul,sidiary 3.Styre’iixPerformanceMaterialsCIiai[and)WhollyOwnedStep-dow’ LimitedSubsidiary Ondone24.2025..tilix“1,13‘I,ierw(1hoila,,d)Cj,,.l.i,,ilieutriisI,,ergeilri/hand info,StTc?oix‘e,-i,i,tonee(lhc’tIr’,irI)(.r,.I.IILInniuxiylfrIaYtrr.cc aivnge,i,en,.(.on.seqIel,t/vfivnitheelkelittdoteofthemerger,theflitaiwIrs! .ctnfen,enIs•if•SiyrenLrl’ei-forI,trsnee(Ihuilond)‘a/friwindelime IflC’C)IHL’.CI)Cfl.sC.V.‘‘‘ISirIotedhrjcjksrind,‘cco•dsoI,SijrcnLvPo/tWtcm•.s(TImcmilcm,muI)Ci. I.inmited. $FlasedLtflOnrrevieweLmodLICtedandpiecedLLlesperIotmedasstateditip11ragtitph3 above.notliine[lascometoourattentionoftherestiltsthatcausestmstobelievethatthe aceolupa’iyittgstatemuentoFLmnauditedconsolidatedflnancialttsLL!ts.preparedti acc{trda’teewiththerecmtgliitiLtnandtiieasuremetitprincipleslaiddownii]thealilresamid IndianAccot’tititigStandardQIndAS)specifiedstoderSection133oftheCompanies Act.2013asamended,readwithrelevantrulesissLIedtherewiderandothertLeeLILLnt’t]g principlesgemierallyacceptedinIndia.hasnotdisclosed[lieitifortiiatiomirequiredtolie disclosedintermsoFmtgolation33oftIneSEBIIListinoObligationacidDisclosure Requirements)Regulation.2015,asamended,ilielLmditigthemannerinwhichitistobe disclosed.ortliatitcotitaimisanymaterialniisstatetiietlt “pIiasisof.laftc’s: 6)(a)MergerunderCommonControlentities: WedrawattentiontotheparagraphofLimitedReviewreportofsubsidiarynamely Stvretiixl’erlbr’iiaoceMaterials(iiiailand)l.td.weltiiiitistt,et,tiottedthat‘On.Imme 26.2025..StyirnivPolyowrs(Ihut/undi(a.Ltd.C,Cii,tmpriitvtmndcrmiim,oncoin,? ,mmergeu?tIE/itheCt)iml;,u,ny.inn!fixO.cLO.Vour!!lrihilitie.s,,‘ii.sle,’mr1nnoIlthatI!UIL’02hook li’Cor*rrL.(/(10(1FiiL•OIilCdim,the(‘roi,j;rxnj.sor’counlotgI,ook.sartoido,glt. Otmrcottcltmsionisnotmtiodiliedillrespectoftlmismatter. (h)WedrawattelitimititoNtlte—5of[lieconsolidatedtit,a’icialresultswhichdescribes thatdttringthecurrentbarter.tIneGrouphascompleted[lielijirvalLlatioltoFide’ttilied assetsandliabilitiesforthepurposeofptmmthasepriceallocationofitswhollyowned step-downsttbsicliarvStvrc’,ixPcrlb’iiiatieeMaterials(Thailand)[.hnited.asrequired underloLlAS[03—[3Llsinesst_Lmliil,,nat,LIns.Accordingly.[liebusinesseotiihinatnmnhas beenaccountedforandthet’nancialinformation[lasbeenreinstatedwherevernecessary. OLIreoinelLmsinniisnotniodit’ediiirespectoitliismatter. i Page2of3
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OilierMatters: 7)(a)1lieaccompanyingStatementincludesunaudLtedinterimfinancialresultsandother financialinformationinrespectofonesubsidiarywhoseunauditeclfinancialresults inc]udestutu]revenueRs.256.’’Crores,totalnetproflt/(loss)afteraxofRs.(39.65) Cro,esandtotalcomprehensiveincome/(loss)ofRs.(.31.1)4)Croresforthequa”ter endedDecember3] °. 2025.asconsideredinthestatement.Thetinanela]resu]tsoFthe saidsLibsidiaryhavehee,jreviewedbyt]ierauditorswIlosereportsI:avebeenfrirnisbed tousbytheManagenientandourconclusiontonthestatement,ittsofarasitrelatesto theamountsanddisclosuresincludedinrespectofthisentity,isbascdsolelyonthe repontsofnbcoilierauditorsandthep,x,cedL,resperformedbyusasdescribedin paraeraph3above. (I,)TheaccompanyingStatetnentincludestinauditedinterimfinancialresultsandother Hr,ar,eialinl’omiatior,inrespectofonesubsidiarywhoseunauditcdfinancialresL,]ts includestotalrevenueRs.0.1)0Cn’ores,totalnetprofnt/(loss)aftertaxofRs.0.06Crores andtotalcoinprehensiveineonte/(loss)ofRs.0,25Croresforthequarterettdcd Decemher3O,2025,asconsideredinthestatement.Thefinancialresultsofthesaid subsidiaryhavenotbeenreviewedbyanyatiditorswhosetinattcialnfljnnatiott‘results havcbeenFurnishedtousbyheManagcmentandourcone]Lisiunonthestatement,inso farasit‘elatestotheamountsanddi5closun-esincludedinrespectofthisentity,isbased solelyonthemanagementcertifiedinformationand(heproceduresperfönncdbyusas describedinparagraph3above.Accordingtotheinformationandexplanationsgivento usbytheManagement.theseinterimfinancialresultsarenotmaterialtoGroup. Ourconclusionisnotmodifiedinrespectoftliismatte”. Fo”Tnlati&TalatiLIP (;hartcrcdAccou,itants FRNNo,IIO7SSW/W100377 (:AHetaligPandva Partner M.No.tX392 Place:Vadoda”n’ flate:29tbJanuary,2016 IJOIN:26jS€3fl2b2N<I5€ Page3013
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Annexure – A The Details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.: Sr.No. Details of the events that needs to be provided Relevant Particulars 1. Reason for change viz. Re-appointment Re-appointment of Mr. K. Ravishankar (DIN: 06458292) as Whole-time Director (KMP) of the Company. 2. Date of Re-appointment and term Re-appointment for a period of 2 years, effective from April 1, 2026 to March 31, 2028, subject to approval of shareholders of the Company. 3. Brief profile (in case of appointment) Mr. Mr. K. Ravishankar, (age 70 years) has over 48 years’ experience in manufacturing of Styrenic polymers i.e. ABS, SAN, PS and Styrene Acrylics and managed multiple chemical plant sites involving highly hazardous process. He graduated in Chemical enginee ring from Andhra University in 1977 and started his career in Polystyrene Plant of Polychem ltd. During his almost five decades of working in polymer industry he has worked in companies with UB group, Bayer ABS Ltd, Sumitomo (Indonesia), INEOS Styrolution and Shiva Performance Materials Ltd. Till recently he was with Supreme Petrochem Ltd as consultant for their upcoming mass ABS project. Technology is his core strength and had hands on experience with JSR, Bayer, Sumitomo, Monsanto and BASF processes in St yrenic polymers. He has co -patented High Rubber Graft ABS powder technology for the Company, presently in operation at Nandesari Plant, Gujarat. He also holds safety management diploma from Central Labour Institute, Mumbai of Govt of India and is well vers ed in advanced process safety concepts. 4. No. of shares held in company 25 equity shares 5. Disclosure of relationships between directors (in case of appointment of a director) He is not related to any of the Directors of the Company. 6. Information as required pursuant to BSE Circular No. LIST/COMP/14/2018 -19 and NSE Circular No. NSE/CML/2018/24 dated 20th June 2018. Mr. K. Ravishankar is not debarred from holding the office of Director by virtue of any SEBI Order or any other such authority.