Outcome of Board Meeting

Half year ended September 30, 2026 results (unaudited): Standalone: Revenue 48.7bn +20% y-y (40.5bn) EBITDA 12.0bn +14% y-y (10.5bn) EBITDA margin 24.6% (25.9%) -130 bps y-y PAT 6.9bn +7% y-y (6.5bn) Consolidated: Revenue 95.1bn +20% y-y (79.4bn) EBITDA 14.6bn +18% y-y (12.4bn) EBITDA margin 15.3% (15.6%) -30 bps y-y PAT 1.9bn -68% y-y (5.8bn) FY2026 results (audited): Standalone: Revenue 84.0bn +4% y-y (80.5bn) EBITDA 18.9bn +4% y-y (18.2bn) EBITDA margin 22.5% (22.6%) -10 bps y-y PAT 8.2bn +26% y-y (6.5bn) Consolidated: Revenue 168.1bn +6% y-y (158.4bn) EBITDA 27.2bn +5% y-y (25.9bn) EBITDA margin 16.2% (16.3%) -10 bps y-y PAT 10.9bn +9% y-y (10.0bn) Dividend: Dividend paid on equity shares Rs 3,149 million (no per share stated) Commentary: Exceptional items include restructuring expenses related to German subsidiary Bharat Forge CDP GmbH and provisions for voluntary retirement scheme and impairment of investments.