Outcome of the Board Meeting for the meeting held on May 21, 2025

The Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with an unmodified opinion from auditor S.R. Batliboi & Associates LLP. On a standalone basis, FY25 revenue from operations rose to Rs. 3,846.9 million (vs Rs. 3,191.5 million in FY24, up ~20.5%), and profit after tax grew to Rs. 537.4 million (vs Rs. 415.4 million, up ~29.3%), translating to EPS of Rs. 369.55. Consolidated FY25 revenue stood at Rs. 3,903.4 million with PAT of Rs. 504.2 million. The Board recommended a final dividend of Rs. 100 per share (1000%), totaling Rs. 145.42 million, subject to shareholder approval. Order backlog was healthy at Rs. 2,628 million as of March 31, 2025. An exceptional charge of Rs. 12.6 million (standalone) and Rs. 54.5 million (consolidated) was booked, the latter including Rs. 41.9 million for closure costs of subsidiary Bhadra Castalloy. M/s. GDR & Partners LLP was appointed as Secretarial Auditors for five years (FY26–FY30). AGM is scheduled for August 14, 2025.