Outcome of Board Meeting

September 21, 2026 To To National Stock Exchange of India Limited, BSE Limited, The Manager, Listing Department, The Corporate Relationship Department, “Exchange Plaza”, C-1, Block G, 1st Floor New Trading Wing, Rotunda Building, Bandra-Kurla Complex, Bandra (E), Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 051 Mumbai – 400 001 Symbol: WHEELS Scrip code: 590073 Dear Sir / Madam, Subject: Outcome of the meeting of the board of directors in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) This is in furtherance to our earlier intimations dated August 19, 2026 and August 31, 2026 regarding the approval of issue of equity shares by way of preferential issue on a private placement basis by Wheels India Limited (“Company”). We wish to inform that the Board of directors of the Company at their meeting held today, i.e. September 21, 2026, approved the allotment of 12,32,031 fully paid-up equity shares of the Company, having face value of Rs. 10/- each, at an issue price of Rs. 1461/- per equity share (Rupees One thousand four hundred sixty one only) including a premium of Rs. 1451/- (Rupees One thousand four hundred fifty one only) per equity share aggregating to Rs. 179,99,97,291/- (Rupees One hundred seventy-nine crores ninety nine lakhs ninety seven thousand two hundred ninety one only), to the following allottees: No. Name of the allottee No. of Consideration Pre-Issue Post equity (in Rs) Shareholding allotment shares (No. of shareholding allotted Shares) and in Company % holding (%) 1 TSF Investments Limited 10,26,694 149,99,99,934 6109914 7136608 (25.01%) (27.81%) 2 Mr. Srivats Ram 1,02,669 14,99,99,409 211876 314545 (0.87%) (1.23%) 3 Ms. Nivedita Ram 51,334 7,49,98,974 277618 328952 (1.14%) (1.28%) 4 Ms. Gita Ram 51,334 7,49,98,974 30895 82229 (0.13%) (0.32%) Total 12,32,031 179,99,97,291 The equity shares allotted shall rank pari-passu, in all respects, with the existing equity shares of the Company. The Company has received in-principle approval from the National Stock Exchange of India Limited on September 16, 2026, and shareholders’ approval on September 17, 2026 in relation to the issue of the aforesaid equity shares by way of preferential issue on a private placement basis, in accordance with Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 read with Regulation 28 of the Listing Regulations. Pursuant to the aforesaid allotment, the issued, subscribed and paid-up equity share capital of the Company stands increased from Rs. 24,43,30,120 comprising 2,44,33,012 fully paid-up equity shares of the Company, having face value of Rs. 10/- each to Rs. 25,66,50,430/- comprising 2,56,65,043 fully paid-up equity shares of the Company, having face value of Rs. 10/- each. Meeting of the Board of Directors commenced at 03.45 P.M. and concluded at 04:15 P.M. Kindly take this into your record and disseminate on your website. Thanking you. Yours faithfully, For Wheels India Limited K V Lakshmi Company Secretary & Compliance Officer