Outcome of Board Meeting

July 10, 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 Board meeting and Disclosure in accordance with Régulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Régulations, 2015 (‘SEBI LODR’) Sub: Outcome of Board Meeting In furtherance to our intimation dated July 6, 2026 and pursuant to Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we hereby inform that the Board of Directors of the Company (“Board”), at its meeting held today has considered and approved the raising of the funds by way of issuance of equity shares of face value ₹ 10 and/or equity linked instruments, including convertible preference shares, non-convertible debt instruments along with warrants, fully convertible debentures, partly convertible debentures, and/or any other securities convertible into equity shares (including warrants or otherwise), (all of which are hereinafter collectively referred to as “Securities”) or any combination of Securities, in one or more tranches, in the course of domestic offerings, in one or more foreign markets and/or domestic markets, through public and/ or private offerings and/or rights offering and/ or by way of preferential allotment (including Qualified Institutions Placement (“QIP”)), or any combination thereof, for an aggregate amount of up to ₹ 400 Crores (Rupees Four Hundred crores) and as may be considered appropriate by the Board or the committee of the Board, in accordance with the applicable provisions of the Companies Act, 2013 and the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, (each as amended) and any other applicable law, in one or more tranches, subject to receipt of such regulatory/statutory approvals as may be required and the approval of Shareholders of the Company. Wheels India Limited Continuation sheet… For giving effect to the proposed issuance of Securities, the Board has authorised the Fundraise Committee of the Board to inter-alia take necessary steps including deciding the timing, price, terms and conditions of the issuance of the Securities. The requisite disclosure, pursuant to Part A of Schedule III of Regulation 30 of the SEBI Listing Regulations and in terms of SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure - A to this letter. Further, the Board has also considered and approved conducting of the Postal Ballot process for obtaining the consent of the Shareholders of the Company in respect of the resolutions set out in the Postal Ballot Notice and further approved the draft of Postal Ballot Notice along with all matters incidental and ancillary thereto. The above disclosure will also be made available on the Company’s website at https://wheelsindia.com pursuant to Regulation 30(8) of the SEBI Listing Regulations. Meeting of the Board of Directors commenced at 9:30 A.M. and concluded at 1.15 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 ANNNEXURE A No. Particulars Details 1 Type of securities proposed to be Equity shares of face value ₹ 10 and/or equity linked issued. instruments, including convertible preference shares, non- convertible debt instruments along with warrants, fully convertible debentures, partly convertible debentures, and/or any other securities convertible into equity shares (including warrants or otherwise), (all of which are hereinafter collectively referred to as “Securities”) or any combination of Securities, in one or more tranches 2 Type of issuance (further public Public and/ or private offerings and/or rights offering and/ offering, rights issue, depository or by way of preferential allotment (including Qualified receipts (ADR/GDR), qualified Institutions Placement (“QIP”)), or any combination thereof, institutions placement, preferential subject to receipt of approval of the shareholders and such allotment etc. other regulatory / statutory approvals, as may be required. 3 Total number of securities Upto an aggregate amount not exceeding ₹ 400 Crores proposed to be issued or the total (Rupees Four Hundred Crores Only) or an equivalent amount for which the securities will amount thereof (inclusive of such premium as may be fixed be issued (approximately) on such Securities) at such price or prices as may be permissible under applicable law in one or more tranches. 4 In case of preferential issue, the listed entity shall disclose the following additional details to the stock exchange(s) - Not Applicable 5 In case of bonus issue the listed entity shall disclose the following additional details to the stock exchange(s) - Not Applicable 6 In case of issuance of depository receipts (ADR/GDR) or FCCB the listed entity shall disclose additional details to the stock exchange(s) - Not Applicable 7 In case of issuance of debt securities or other nonconvertible securities the listed entity shall disclose following additional details to the stock exchange(s) - To be determined by the Board or a duly constituted committee thereof. 8 Any cancellation or termination of proposal for issuance of securities including reasons thereof - Not Applicable