Clarification sought from the Company with respect to the Price Movement is enclosed.

September 2, 2026 Bombay Stock Exchange Limited, Phiroze Jeejeebhoy Tower, Dalal Street, Fort, Mumbai-400001 Scrip Code: 513509 Sub: Clarification on Movement in Price Dear Sir/Madam, This is with reference to your letter No. L/SURV/ONL/PV/SG/ 2026-2027 / 332 dated September 2, 2026 received via e-mail seeking clarification on Movement in Price of Company’s shares in the recent past. In this regard, we wish to inform you that the Company has made all the necessary disclosures pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and we do not have any information and announcement which, in our opinion, may have a bearing on the price behavior in our scrip. The recent increase in the share price is completely driven by the market. It is a result of normal market conditions and investor sentiments. The company will continue to inform the stock exchanges of any major events, information, or requirements in the future as per SEBI regulations. Hope this clarifies the matter. Thanking you, For Kalyani Forge Limited Viraj G. Kalyani Managing Director DIN: 02268846 CIN: L28910MH1979PLC020959 REGD OFFICE: Shangrila Gardens, 1st Floor, ‘C’ Wing, Opp. Bund Garden, Pune: 411001 Tel. +91 2137 252335/755 Fax +91 2137 252344 Website: www.kalyaniforge.com Email: companysecretary@kforge.com