Agreements

September 21, 2026 BSE Limited National Stock Exchange of India Limited Exchange Phiroze Jeejeebhoy Towers, Plaza, C-1, Block - G, Bandra Kurla Complex, Dalal Street, Mumbai - 400 001 Bandra (East), Mumbai - 400 051 Scrip Code: 544022 Symbol: ASKAUTOLTD ISIN No.: INE491J01022 ISIN No.: INE491J01022 Re.: ASK Automotive Limited Re.: ASK Automotive Limited Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) - Inter-Corporate Loan to M/s. ASK Automobiles Private Limited, Wholly Owned Subsidiary Company Dear Sir/Madam, Pursuant to Regulation 30 read with Para B of Part A of Schedule III of the Listing Regulations, we would like to inform you that the Company has entered into a loan agreement with M/s. ASK Automobiles Private Limited, Wholly Owned Subsidiary of the Company. In accordance with the provisions of Regulation 30 read with Schedule III of the Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, the important terms and conditions of Loan Agreement executed with M/s. ASK Automobiles Private Limited is enclosed as “ANNEXURE - A” Kindly take the above information on your record. Thanking you. For ASK Automotive Limited Rajani Sharma Company Secretary &Compliance Officer Membership No.: ACS14391 Encl: As above ANNEXURE - A Details of the Loan Agreement executed with M/s. ASK Automobiles Private Limited, Wholly Owned Subsidiary of the Company as required under Regulation 30 read with Scheduled III of the Listing Regulations & SEBI Master Circular no. HO/49/14/14(7)2025-CFD POD2/I/3762/2026 dated January 30,2026. Sl. No Particulars Details a. Name(s) of parties with whom the agreement is entered ASK Automobiles Private Limited b. Purpose of entering into the agreement Inter Corporate Loan c. Size of agreement Rs. 100 Crore (Rupees Hundred Crore Only) d. Shareholding, if any, in the entity with whom the 100% agreement is executed e. Significant terms of the agreement (in brief) special rights Interest Rate: Repo Rate +2.50% p.a. like right to appoint directors, first right to share Tenure: As per the Loan Agreement subscription in case of issuance of shares, right to restrict Purpose: loan facility for its various project/s and general corporate any change in capital structure etc. purposes subject to the condition that the loan, its principal business activities including but not limited to purchase of fixed/movable/current/non-current assets, immovable assets, construction of building, purchase of Plants and Machinery and to meet its working capital requirements. Security: Unsecured Loan Special Right: No special rights such as right to appoint directors, pre-emptive rights on share subscription, or restrictions on changes in capital structure are conferred under this agreement. f. Whether, the said parties are related to promoter/promoter Yes, 100% wholly owned subsidiary of ASK Automotive Limited. group/ group companies in any manner. If yes, nature of relationship g. Whether the transaction would fall within related party Yes, the transaction is at arm’s length basis. transactions? If yes, whether the same is done at “arm’s length” h. In case of issuance of shares to the parties, details of issue Not applicable price, class of shares issued i. In case of loan agreements, details of lender/borrower, Lender: ASK Automotive Limited nature of the loan, total amount of loan granted/taken, total Borrower: ASK Automobiles Private Limited amount outstanding, date of execution of the loan agreement/sanction letter, details of the security provided Nature of Loan: Unsecured Loan to the lenders / by the borrowers for such loan or in case Amount of Fresh/ New Loan Sanctioned: Rs. 100 Crore (Rupees outstanding loans lent to a party or borrowed from a party Hundred Crore Only) become material on a cumulative basis Date of execution of Loan Agreement: September 21, 2026 Security provided, if any: Nil Total Amount of loan outstanding as on date of disclosure: Rs. 489.84 Crore. Other terms: as per loan agreement executed. j. Any other disclosures related to such agreements, viz., NA details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc. k. In case of termination or amendment of agreement, listed NA entity shall disclose additional details to the stock exchange(s): i. name of parties to the agreement; ii. nature of the agreement; iii. date of execution of the agreement; iv. details of amendment and impact thereof or reasons of termination and impact thereof