Outcome of Board Meeting

Half Year ended 30-Sep-2026 results (unaudited): Standalone: Revenue 134.3bn +4% y-y (128.9bn) EBITDA 49.5bn +8% y-y (45.9bn) EBITDA margin 36.8% (35.6%) +120 bps y-y PAT 36.7bn +0.3% y-y (36.6bn) Consolidated: Revenue 134.3bn +2.4% y-y (131.2bn) EBITDA 49.5bn +4.7% y-y (47.0bn) EBITDA margin 36.8% (35.2%) +160 bps y-y PAT 36.7bn +0.4% y-y (36.5bn) FY2026 results (audited): Standalone: Revenue 315.5bn PAT 74.2bn Consolidated: Revenue 320.7bn PAT 74.1bn Dividend: 1 per share (face value 1) for FY2026, paid October 2026 Commentary: The company disclosed contingent liabilities of approx 16188.56 crore related to Karnataka Mineral Rights Tax Bill pending presidential assent and noted expected credit loss provisions on receivables from NMDC Steel Limited and Rashtriya Ispat Nigam Limited. The 2 MTPA Pellet Plant at Nagarnar commenced maiden production in September 2026 but commercial production is yet to commence.