Please find enclosed herewith the Investor Presentation of Novelis Inc. (wholly owned subsidiary) for Q4 FY26 and full year 2025-26

Novelis Inc., Hindalco's wholly owned subsidiary, reported Q4 FY26 net loss of $84 million compared to net income of $294 million in prior year, impacted by two fires at its Oswego, New York plant in September and November 2025. Q4 Adjusted EBITDA fell 3% YoY to $459 million, while Adjusted EBITDA per tonne improved 10% to $544, showing underlying operational strength despite disruptions. Full year FY26 Adjusted EBITDA was $1.6 billion, down 9% YoY, with net income of just $15 million (down 98% YoY) due to approximately $1 billion in fire-related pre-tax losses net of insurance recoveries. The Oswego hot mill is expected to restart ahead of schedule within weeks. Bay Minette, Alabama greenfield plant remains on track for full commissioning in second half of CY2026, with $3.2 billion spent of estimated $5 billion total project cost. Net leverage rose to 4.1x at year-end from 2.9x prior year due to fire impacts and heavy capex ($2.3 billion in FY26). The company has delivered over $200 million in run-rate cost savings from its efficiency program and now targets $350-400 million total savings by end of FY28.